With a vibrant diaspora, remittances have become the main source of external finance in many African countries. Business Africa, looks back on studies on the impacts of flows on GDP in Africa.
Nigeria is the first country in Africa to receive money from its diaspora, while South Africa is the country that sends the most abroad, according to data from the Western Union agency on trends in remittances across the continent.almaz negash, the founder and CEO of the African Diaspora Network is the guest.
Sudan, an imminent famine?
Sudan consumes regarding one million tons of wheat per year, while local production covers only 17% of market needs. With local production expected to decline by 25% and escalating global food prices, the situation looks dire for a country that is one of the most vulnerable to famine on the continent. Let’s see what it is.
The gold rush in Senegal, a source of hope and despair
Over the past 20 years, the Kédougou region in eastern Senegal has been the scene of a massive gold rush that has drawn people from neighboring countries like Guinea and Mali. Once sparsely populated villages find themselves with more people, more businesses, and more city-related vices like human trafficking and prostitution. We have a detailed report.
