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.
