Remittances

Politics & Policy

Museveni’s new foreign funding law deepens fears over shrinking political space

New foreign funding law has drawn criticism from opposition figures, rights groups, and development partners
Medium shot of Ugandan President Yoweri Museveni signing an official act into law at State House.
Economy

Annual Bankers’ Conference: Full text of the BoU governor’s speech on remittances

Remittance inflows have overtaken foreign aid and support from international institutions, such as the IMF and the World Bank, as well as from bilateral partners, to become Uganda's most reliable source of external financing
Street scene of a man waiting in line at a money transfer shop in London
OpinionPolitics & Policy

How Africa can leverage diaspora funding for greater impact

More than $53bn in remittances were sent to sub-Saharan Africa in 2022, compared with $30bn in foreign direct investment and only $29bn in official development assistance
Woman using a knitting machine in northern Uganda
Digital Economy

From brain drain to digital gain: remittances transforming global economic dynamics

Digital remittances thrive amid brain drain, transforming economies, funding growth, and mitigating financial vulnerabilities
Smartphone screen showing a comparison of money transfer services