When remittances slow, life gets tougher for some families.
Some tighten belts or find new ways to make ends meet.
But for those relying solely on that cash, rent piles up, and meals get leaner.
Between 2000 and 2023, Nigeria topped Africa’s remittance inflow for 13 years. But Egypt’s diaspora — especially in the Gulf — has narrowed the gap. Morocco and Ghana stayed steady. Kenya and Senegal took off, thanks to mobile money.
Angola, Burkina Faso, and Equatorial Guinea barely moved.
From $9.7 billion in 2000 to $94.8 billion in 2023, Africa’s remittance inflow jumped 878%.