Remittances from migrants to African countries will plunge by nearly a quarter this year

“Sub Saharan African countries will see remittance flows drop by 23.1% to $37 billion in 2020 in the wake of the COVID-19 economic crisis, according to a World Bank forecast. In 2019 it dipped by 0.5% to $48 billion. The bank forecasts there will be a 4% recovery to $38 billion in remittances flows in 2021.”

via Quartz Africa