Zimbabweans in South Africa sent bulk of remittances in 2022

News published on Feb 13, 2023 @ 3:46 pm

Zimbabwe’s diaspora community in South Africa and the United Kingdom accounted for the bulk of remittances last year, reaching US$1,66 billion up from US$1,43 billion in 2021, official figures show.

International remittances, which comprise transfers by Zimbabweans in the diaspora and international organisations, are a critical source of liquidity in Zimbabwe’s economy with a positive impact on livelihoods across the country.

An estimated three million Zimbabweans are believed to be in the diaspora and they regularly send money back home to sustain their families.

Remittance families and development
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