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remittances
Business / 22 weeks ago
Top 10 African countries leading in diaspora remittances
In 2024, diaspora remittances surged to unprecedented levels, serving as a crucial element in Africa’s economic strength. Egypt received the highest amount of remittance inflows at $22.7 billion, followed by Nigeria with $19.8 billion and Morocco with $12 billion. Kenya ($4.8 billion) and Ghana ($4.6 billion) completed the top five rankings with strong annual growth rates.
Technology / 26 weeks ago
Top 7 countries where phones replace banks
Mobile phones have evolved far beyond their original function in today's rapidly digitising world. These devices now serve as their primary connection to financial services for millions, especially across parts of Africa and Southeast Asia. Recent visual from World Visualized reveals that Kenya tops the global list, with 72% of adults using mobile phones as a substitute for traditional banks.
Maps / 26 weeks ago
Top 10 Countries with the most citizens living abroad
According to the UN International Migration Report 2024, the global migration landscape continues to evolve, with millions of people leaving their home countries for better opportunities, education, safety, and quality of life. The latest data reveals the top 10 countries with the most citizens living abroad, shedding light on significant demographic and socio-economic trends.
Business / 27 weeks ago
Global remittance rankings 2025: India leads the world with $125 billion sent home by expats
In 2025, global remittances continue to be a lifeline for millions of families and a critical pillar of many developing economies. The World Bank’s Global Migration and Development Report highlights that in over 70 low- and middle-income countries, remittance inflows now exceed foreign direct investment (FDI). Unlike volatile capital flows, remittances tend to remain stable during global crises, making them essential to economic resilience.
