Remittances to home countries by Africans in Diaspora run into billions of dollars every year. In fact, according to the World Bank, the total amount of $51.8bn “sent home” by Africans in the Diaspora far outweighed the $43bn official development assistance given to Africa by western donors in 2010. A lot of analysts however believe that the amount of remittances by Africans in Diaspora is under reported because of the fund transferred via informal channels. In this episode of Impact Africa we will explore how “sending money home” can be a key to infrastructure and economic development in many African countries. You will be inspired to Impact Africa!
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