Amid a backdrop of weak global growth, remittances to developing countries are expected to increase only slightly in 2016, saysRead more
Inside Syria, 75% of aid is now arriving through local networks supported by diaspora groups. Among the leaders of this new humanitarian wave is British doctor Rola Hallam of Hand in Hand for Syria
When Rola Hallam arrived in the UK at 13 from Syria, speaking no English and knowing nothing of British culture, she felt like she’d landed on a different planet. Her gynaecologist father had accepted a job at a British hospital, and the whole family relocated, pitching head first into 1980s Cambridgeshire.
“I felt like I was wearing really weird clothes,” she remembers. “It was very white middle class.” Thrown into an English school, Rola showed her mettle: nailing her GSCEs within two years while also learning English, landing a place at medical school and becoming a consultant doctor with her beloved NHS.Read more
This Invitation to Bid is intended to select a recipient or consortium of recipients to receive IFAD grant financing to implement a project on ‘Engaging diaspora communities to support youth employment in Senegal and Morocco’. Potential recipients or consortiums of recipients are being invited to develop a project proposal based on the background and guidance detailed below and in the ‘Invitation to Bid’ document.Read more
East Africa’s economic giant, Kenya, has seen an 8.4 per cent surge in diaspora remittances.
Diaspora remittances to Kenya rose to 1.54 billion US dollars in 2015 up from 1.43 billion US dollars in 2014.
While stressing its pre-eminence in the industrial scenario of the country, Gujarat is planning to tap into the massive Gujarati diaspora by starting five “foreign desks” abroad to attract investments from the community.Incidentally, both Gujarat and Maharashtra, which are BJP-ruled states, claim that they have attracted the highest investment in the country.Read more
Imagine this! You, a partner or family member is working overseas. You have been sending money home to support an aging relative or to make a regular payment on a mortgage.You go to the Caribbean money transfer business that you have always used, only to be told your money can no longer accepted because there is no intermediary bank in Europe or the US willing to work with it despite its absolute reliability and positive track record.Although oversimplified, this scenario is not impossible as changing international regulations and risk aversion are having the effect of disconnecting Caribbean financial institutions from the international correspondent banking services that are necessary for them to clear or transfer money.Read more
Luis Lopez-Ramirez, a 30-year old Honduran immigrant, makes pizza. He has worked two jobs over 16 hours each day. He carefully saves his money and rents a small room in Washington, DC. He sends money back to Honduras to pay for the education of his two sons, whom he talks to every week by phone.Read more
The World Bank says remittance flows to Kenya and Ethiopia from the diaspora has significantly increased compared to the rest of Sub-Saharan Africa.
The Central Bank of Kenya says the 12-month cumulative inflows from the diaspora to August increased by more than 9 % to 1.5 million dollars, from the 1 million dollars it recorded in the same period last year.Read more
Your are here » Home » Business News Diaspora remittances in relative increase, hit Sh10.2b in March Updated Wednesday, May 14th 2014 at 21:43 GMT +3 0 inShare By Nicholas Waitathu Kenya: Remittances from Kenyans in the Diaspora increased by 16 per cent to Sh10.2 billion ($119.6 million) in March compared to Sh8.8 billion the same period last year.Read more