Africa's Largest Remittances (Money Sent From Abroad By Citizens) in 2022

Photo: sokodirectory.com

Remittances, or money sent by citizens abroad to their home countries, are a vital source of income for many African countries. In 2022, Africa received an estimated US$54 billion in remittances, up from US$49 billion in 2021. This represents a 10% increase in remittances over the previous year.

The top five countries in Africa that received the most remittances in 2022 were:

Egypt: US$32 billion

Nigeria: US$21 billion

Morocco: US$10.75 billion

Ghana: US$4.7 billion

Kenya: US$4.027 billion

These five countries accounted for over 60% of all remittances received in Africa in 2022.

Others are:

Tunisia: US$3 billion

Senegal: US $2.9 billion

Ethiopia: US$2.5 billion

Algeria: US$1.83 billion

Zimbabwe: US$1.66 billion

Remittances are important for a number of reasons. They can help to improve household incomes, reduce poverty, and boost economic growth. They can also help to finance education, healthcare, and other essential services.

The increase in remittances in 2022 can be attributed to a number of factors, including:

• The strong performance of the global economy

• The rise in the number of Africans living and working abroad

• The availability of new and cheaper ways to send money

• The continued growth of remittances is expected to play a key role in supporting economic development in Africa in the years to come.

Here are some of the benefits of remittances for Africa:

Reduce poverty: Remittances can help to reduce poverty by providing a source of income for families and communities. In some cases, remittances can even lift families out of poverty altogether.

Boost economic growth: Remittances can boost economic growth by increasing household spending and investment. This can lead to increased production, employment, and income.

Finance education and healthcare: Remittances can be used to finance education and healthcare. This can help to improve the quality of life for millions of Africans.

Support development: Remittances can be used to support development projects in areas such as infrastructure, agriculture, and social services. This can help to improve the lives of millions of Africans.

Remittances are a vital source of income for many African countries. They can help to reduce poverty, boost economic growth, and support development. The continued growth of remittances is expected to play a key role in supporting Africa's economic development in the years to come.

Ebi, Oshoala, Ordega Announced Among Nigeria's Super Falcons Squad for 2023 FIFA World Cup

The Nigeria Football Federation (NFF) has announced the 23-man squad for the 2023 FIFA Women's World Cup, which will be held in Australia and New Zealand from July 20 to August 20.

The squad, which is made up of a mix of experienced and young players, is led by captain Onome Ebi, who is making her ninth World Cup appearance. Other notable players in the squad include Barcelona forward Asisat Oshoala, Leicester City defender Ashleigh Plumptre, and experienced forward Desire Oparanozie.

The Super Falcons are drawn in Group A alongside co-hosts Australia, Olympic champions Canada, and debutant Republic of Ireland. They will open their campaign against Canada on July 21, before facing Australia on July 27, and Republic of Ireland on July 31.

The Super Falcons are the most successful team in African women's football, having won the African Women's Championship a record 11 times. They are also the only African team to have reached the final of the FIFA Women's World Cup, which they did in 1999.

The Super Falcons will be hoping to go one better at this year's World Cup and win their first title. They will face a tough challenge, but they have the talent and experience to do it.

Here is the full squad:

• Goalkeepers: Tochukwu Oluehi (Rivers Angels), Chiamaka Nnadozie (Paris Saint-Germain), Yewande Balogun (FC Robo)
• Defenders: Ashleigh Plumptre (Leicester City), Onome Ebi (CSKA Moscow), Osinachi Ohale (Rivers Angels), Halimatu Ayinde (Avaldsnes), Michelle Alozie (Houston Dash), Rofiat Imuran (Bayelsa Queens)
• Midfielders: Toni Payne (Sevilla), Christy Ucheibe (Feyenoord), Halimat Ayinde (Avaldsnes), Deborah Abiodun (Bayelsa Queens), Gift Monday (Rivers Angels)
• Forwards: Rasheedat Ajibade (Atletico Madrid), Ifeoma Onumonu (Angel City), Francisca Ordega (CSKA Moscow), Uchenna Kanu (FC Zurich), Desire Oparanozie (Wuhan Jiangxia)

Coach: Randy Waldrum