Mail & Guardian
Mail & Guardian
remittanceslatest news & developments
Roughly 20% of the world’s oil and liquefied natural gas typically passes through the Strait of Hormuz, a chokepoint now under strain.

Iran war triggers global shockwaves across energy, food and finance systems, analysts warn

The US-Israel war on Iran is sending shockwaves through global energy, food and financial systems, exposing deep structural vulnerabilities in the world economy, according to the…

Charges in sub-Saharan Africa average 12% on transfers of $200

New migration policy could cut remittances lifeline

Migrant workers are seen as contributing to South Africa’s unemployment crisis. But cutting them off threatens to throw the regional economy off kilter

Bitcoin: Nigeria bites back against cryptocurrency trading

On 5 February Nigeria’s central bank banned crypto transactions, but industry analysts are confident the sector will find a workaround.

Al-Shabab has particularly profited from the illegal export of charcoal, said UN special representative for Somalia Nicholas Kay. (AFP)

Controls on remittances risk driving financial flows to Somalia underground

The regulations aim to prevent money laundering and financing terror organisations, but implementing them is proving to be difficult

(John McCann/M&G)

Vital remittance flows plummet due to Covid-19 lockdown

Money sent home by migrant workers in South Africa fell about 80% in April after the hard lockdown was instituted

The City Deep fresh produce market before sunrise.

Not all of Jo’burg’s street traders can sell their wares under lockdown

Street traders are central to food security in Johannesburg. But since being declared an essential service under lockdown, street trade in South Africa’s biggest city has…