MIGRANT REMITTANCES BOOST AFRICAN ECONOMIES
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Remittances from African migrants reached $97.5 billion in 2022, strengthening households, communities and economies across the continent.
Remittances from African migrants reached $97.5 billion in 2022, strengthening households, communities and economies across the continent.
Remittances, or money transferred by Namibians working abroad, make a significant contribution to the country's economy and foreign currency earnings.
According to the Bank of Namibia, remittance inflows in the country are estimated to be over N$1.5 billion annually.