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@chimpreports Mon, 18 Dec 2023 08:58:47

Banks Blamed for Costly Remittances to Sub-Saharan Africa 

Countries in Sub-Saharan Africa such as Uganda and Tanzania have the highest remittance costs in the world, a World Bank report has revealed.  “The average cost of sending $200 to the Sub-Saharan Africa region slightly increased, averaging 7.9 percent in 2023 (Quarter 2) compared with 7.2 percent in quarter two of 2022,” the World Bank’s …

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