Remittances Archives – CEO East Africa

Thought Leadership: The Role Blockchain can play in Driving Financial Inclusion

by CEO East Africa MagazineIndustry & Analysis Thought LeadershipNovember 14, 2024November 14, 2024

By Francis Lutalo The banking industry is facing unprecedented times with the need to adapt faster to emerging technology to serve the ever-changing client needs. Faced with competition from other third-party service providers and middlemen, banks are exploring how to replace the current traditional banking infrastructure with the transformative power of…

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Uganda Received USD 1.3bn in Remittances from its Diaspora in 2022 According to the World Bank.

by Jonathan N. LubwamaAfrica East Africa Finance Fintechs Global News Industry & Analysis News & Analysis StartupsSeptember 28, 2023September 28, 2023

In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and make Uganda the 8th biggest recipient of remittances below Sudan and DRC, but ahead of Mali and South Africa. In general,…

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