Morocco came closely behind recording a remittance of $7.3 Billion in 2022.
According to the latest data from the Migration and Development Brief of the World Bank, Egypt and Nigeria which are Africa’s two most populous countries led the ranking, with $32.3 billion and $20.9 billion transferred to them respectively.
Since the World Bank started taking note of the remittances to African countries, it has been projected that the remittances to the African continent are set to surpass $100 billion for the first time.
