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The African diaspora remitted 650% more money to Sub-Saharan Africa in 2012 than the World Bank and IMF combined

Infinite Potentials Consulting by Infinite Potentials Consulting
7 years ago
in Business
1 min read
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In Sub-Saharan Africa (SSA) alone, remittances in 2012 totaled US$31 billion, which is 650% more than the combined World Bank and IMF capital inflow. Remittances to the whole of Africa in 2012 totaled US$60 billion (excluding remittances via unofficial channels). The value is more than total Foreign Direct Investment valued at US$50 billion and more than the total 2011 foreign aid, valued at US$51 billion.  Read more here…

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Infinite Potentials Consulting

Infinite Potentials Consulting

IPC is a professional services consulting firm which partners with leading organizations in the corporate, civil-society and governmental sectors in Africa and works with them to realize their potential. Our core team and experts network has over 75 years of experience in Africa and around the world. We deliver international-class consulting services in Africa using Africa’s brightest talent.

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