Africa has the world’s highest remittance transfer fees

News published on Jan 12, 2023 @ 3:08 pm

The cost of transferring remittance in Africa is the highest in the world, and addressing this issue is of “critical” importance to African economies, said Morocco’s Foreign Affairs Minister Nasser Bourita. Facilitating and reducing fees of remittance transfers for the African diaspora is “fundamental” given the important role that remittances play in the continent’s economy, Bourita explained while delivering an opening statement at the Rabat Forum on Reduction of Remittance Costs for African Diaspora.



Remittance families and development
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