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Remittances sent by African migrants have become an important source of external finance for countries in the Sub-Saharan African region. In many African countries, these flows are larger than foreign direct investment and portfolio debt and equity flows. In some cases, they are similar in size to official aid from multilateral and bilateral donors. Remittance markets in Africa, however, remain less developed than other regions. The share of informal or unrecorded remittances is among the highest for Sub-Saharan African countries. Remittance costs tend to be significantly higher in Africa both

Sociology of minorities --- International finance --- Sub-Saharan Africa --- Africa, Sub-Saharan --Economic conditions. --- Africa, Sub-Saharan --Emigration and immigration --Economic aspects. --- Africans --Economic aspects --Europe, Western. --- Economic development --Finance --Africa, Sub-Saharan. --- Emigrant remittances --Africa, Sub-Saharan. --- Financial services industry --Africa, Sub-Saharan. --- Immigrants --Economic aspects --Europe, Western. --- Emigrant remittances --- Economic development --- Financial services industry --- Africans --- Immigrants --- Finance --- Business & Economics --- International Finance --- Economic History --- Economic aspects --- Africa, Sub-Saharan --- Emigration and immigration --- Economic aspects. --- Economic conditions. --- Emigrants --- Foreign-born population --- Foreign population --- Foreigners --- Migrants --- Services, Financial --- Development, Economic --- Economic growth --- Growth, Economic --- Immigrant remittances --- Remittances, Emigrant --- Africa, Black --- Africa, Subsaharan --- Africa, Tropical --- Africa South of the Sahara --- Black Africa --- Sub-Sahara Africa --- Subsahara Africa --- Subsaharan Africa --- Tropical Africa --- Persons --- Aliens --- Ethnology --- Service industries --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Foreign exchange