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In 2023, Sub-Saharan Africa received $54 billion in remittances, surpassing foreign direct investment in the region. In countries like The Gambia, remittances account for over 26% of GDP .
Since its launch in 2007, Safaricom’s M-Pesa has transformed Kenya’s financial landscape. Initially designed to facilitate microfinance loan repayments, M-Pesa quickly evolved into a comprehensive mobile money platform
by Wendy S Huffman & WBN News Africa & WBN News GlobalSince its launch in 2007, Safaricom’s M-Pesa has transformed Kenya’s financial landscape. Initially designed to facilitate microfinance loan repayments, M-Pesa quickly evolved into a comprehensive mobile money platform
by Wendy S Huffman & WBN News Africa & WBN News GlobalIn 2023, Sub-Saharan Africa received $54 billion in remittances, surpassing foreign direct investment in the region. In countries like The Gambia, remittances account for over 26% of GDP .
by Wendy S Huffman & WBN News Africa