Dossier
diaspora remittances
Coverage of diaspora remittances in the Nexus archive.
- Africa’s Quiet Lifeline: Diaspora Remittances Top $100 Billion
Remittances from Africans abroad exceeded 100 billion dollars in 2024, serving as a critical financial lifeline that surpasses aid in many regions of Africa. The article highlights the significance of diaspora contributions to the continent's economy.
- Kenya’s mobile money tax plans threaten M-Pesa growth
Kenya’s proposed 16% VAT on mobile money services like M-Pesa and Airtel Money, along with a 25% excise duty on mobile phones, risks slowing fintech growth and financial inclusion. Experts warn the taxes could push users back to cash, harm diaspora remittances, and undermine Kenya’s leadership in mobile money innovation.