Remittance queues a breeding ground for coronavirus in Zimbabwe
Remittance queues are a breeding ground for the lethal coronavirus as beneficiaries are not observing social distancing.
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Remittance queues are a breeding ground for the lethal coronavirus as beneficiaries are not observing social distancing.
By Chris Gande | VOA Zimbabwe | Zimbabweans in and out of the diaspora have mixed views on why remittances sent to Zimbabwe from various nations, through formal channels like banks and international money transfers, have declined by more than $1 billion over the past year. The significant drop by 15 percent from $2 billion […]
Remittances into Zimbabwe fell 16 percent in the first quarter to $192,9 million against $231,4 million recorded in the same period a year ago. Remittances consist of both Diaspora and Non-Governmental Organisations flows. According to the Ministry of Finance, the slowdown is attributed to slow recovery in global and regional economic activity while the stronger US […]
Zimbabwe’s Diasporans brought in over US$1 billion during the 17 months to May this year, bailing out a liquidity-starved economy that had international remittances amounting to US$2,5 billion during the period, the Financial Gazette can report.
With an ever increasing awareness being given to Zimbabwean issues; by people within the Diaspora, a group of motivated Zimbabweans within Edmonton Canada have begun to organize forums in which to encourage a united economic front for Diaspora investment for issues involving Zimbabwean investment.
Around Christmas time and at the beginning of every year, I have routinely sent cash to my extended family back home in Zimbabwe. That’s been the pattern since I joined the World Bank mid-career and settled in Washington DC 23 years ago.