COMESA records 98 p.c. increase in remittances from international migrants
Published On August 21, 2023 » 694 Views» By Times Reporter » Business, Stories
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By KETRA KALUNGA –
THE Common Market for Eastern and Southern Africa (COMESA) has recorded a 98- per cent increase in the volume of remittances from international migrants within the region between 2010 and 2019.
In 2010, the total remittances were US$20 billion and US$39.6 billion in 2019, representing an increase of 98 per cent.
The total international migrants in the labour force in the COMESA region in 2010 was $3 million while in 2019, the region recorded $5.2 million.
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