Remittance

Africa stands on the cusp of a financial revolution ECOWAS finance ministers and central bank governors have presented plans to launch a single currency initiative, known as the Eco.The Economic Community of West African States (ECOWAS)…

Economy State defaults on pension remittance for six months Monday April 08 2024 Controller of Budget Margaret Nyakang’o. FILE PHOTO | FRANCIS NDERITU | NMG A cash crunch at the National Treasury saw the government skip…

Partner Content Central Bank of Kenya approves LemFi Remittance in partnership with Wapi Pay Friday April 05 2024 RightCard Payment Services Limited, trading as LemFi, is pleased to announce that it has received approval from…

© Reuters The Bangladeshi Taka continues to depreciate against the US dollar, leading to heightened financial strain for businesses and economic repercussions. Today, the interbank exchange rate stands at Taka 111 per dollar, with…

© Reuters. The Gambia's currency, the dalasi, continues to hold its position as Africa's strongest currency this year, according to the central bank governor. The dalasi has appreciated by 0.9% against the U.S. dollar so far,…

© Reuters. The Central Bank of Kenya (CBK) has imposed a limit on the amount of U.S. dollars that money remittance firms can sell to customers each day, in an attempt to regulate the market amid declining forex reserves. The…

The process of moving money across international borders, known as cross-border remittance, is critical in facilitating global economic activities and promoting financial inclusion. Technology breakthroughs and changing market dynamics have…