Diaspora remittances rose by 7.5 percent to US$165 million in February, fueling Zimbabwe’s foreign currency inflows.
As noted by Zimbabwe Economic Review, key Bullet Points:
?US$165 million received in diaspora remittances in February 2025, up 7.5% from US$153.8 million in February 2024.
?Remittances accounted for 17% of Zimbabwe’s total foreign currency receipts.
?In 2024, annual diaspora inflows hit a record US$2.2 billion, up 22% from US$1.8 billion in 2023.
?Over 908,000 Zimbabweans live in South Africa, with significant numbers also in Botswana (47,928) and the UK (23,166).
?Less than 2 million Zimbabweans live abroad but play a key role in foreign exchange stability and consumer demand.
?Diaspora funds support basic needs, healthcare, education, housing, and small business investments.
?Zimbabwe lacks access to IMF and World Bank funding, making diaspora funds a critical alternative.
Zwnews
