Diaspora banking: A niche category blossoming in the digital era
Remittances from sub-Saharan African migrants to their origin countries accelerated 7% in 2021. As more expatriates send money or seek to invest back home, African banks, such as UBA and NCBA Group, have been overhauling their diaspora account offerings, betting the small segment will become a key category. By Kingsley Kobo and Oliver Nieburg Africa […]