Africa Business Community Finance Headlines International Morocco

From Morocco, African states call for cheaper remittance transfer costs

African diaspora is in need of urgent action to reduce the cost of remittances, an instrumental source of investment and a key factor in reducing poverty in the continent, said participants at an African meeting in Rabat. There are some 150 million Africans living outside the continent with remittances estimated at 100 billion dollars in […]

Africa Business Egypt Headlines International Morocco

Morocco, third destination for remittances from African diaspora in 2021 – World Bank

The kingdom of Morocco is expected to receive $9.3 billion this year in terms of remittances from Moroccan expatriates, representing the third largest on the continent, right behind Egypt and Nigeria, a World Bank report revealed. Compared with last year data, Morocco will witness a 25.76 per cent increase, according to data published in the […]