The African Development Bank says East African governments should better harness diaspora remittances as growth slows and external shocks put fresh pressure on their economies.
By
Aggrey Mutambo
Editor - Africa & International
Nation Media Group
East African economies are facing weaker growth prospects because of the global crisis stemming from the military conflict in the Middle East.
It marks the sharpest January-to-June contraction since 2009, when the global financial crisis triggered widespread job losses in…
African diaspora remittances passed 100 billion dollars in 2024, outpacing aid in much of the continent despite high transfer…
Declining diaspora remittances, driven by global conflict, inflation and job losses abroad, are squeezing Kenyan households…
A decline in diaspora remittances, driven by Middle East conflict and rising living costs abroad, is deepening financial pressure…
The African Development Bank says Africa’s economic growth will slow in 2026 as Middle East tensions raise food and fuel prices…
The AfDB says real GDP per capita will slip and inflation will rise this year as a solution to the war in the Middle East proves…
