Tag: World Bank
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African remittances surpass $90bn a year
Remittances, or the money workers send back to their families in their home country, are now a major part of the economies of many African (and non-African) countries. So much so that countries like Kenya are seeing more money entering the country from remittances than from some of its more traditional exports like tea and…
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Internet access still lags in Africa despite massive mobile uptake
African countries have leapfrogged fixed-line technology and gone straight to mobile. There are 89 mobile phones for every 100 people living in sub-Saharan Africa, but fewer than one landline (0.6) per 100 people. Some countries are well over the world average of 108 mobile phones per 100 people. South Africa has about 167 per 100…
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Which African country has the highest unemployment rate? It depends who you ask
Nigera’s own statistics bureau says the country has one of Africa’s highest unemployment rates, but the UN’s labour agency says it is lower. Much lower. Here’s why