Remittances
latest news & developments
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…
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.
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
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
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…