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- Remittances from the African diaspora are crucial in supporting household expenses in many developing countries, but the high cost of sending money remains a significant hindrance to inflows.
- Sub-Saharan Africa remains the region most affected by the global crisis, but remittance inflows to countries like Nigeria and Kenya have been strong.
- Global payment companies like WorldRemit have lowered transfer costs to busy corridors in Africa, making it more affordable to send money.