How the Iran War puts Africa’s Remittance Lifeline At Risk
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How the Iran War puts Africa’s Remittance Lifeline At Risk
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The Iran war has put billions of dollars in remittances at risk as conflict disrupts the incomes of migrant workers across the Gulf. For many African economies, where money sent home helps pay for food, healthcare and education, a prolonged slowdown could weigh on growth well beyond the battlefield.
On this week's episode, Jennifer Zabasajja speaks with Bloomberg's Prinesha Naidoo about her reporting on the disruption to remittance flows and what's at stake as the ceasefire and peace talks take shape. She is also joined by Onafriq Managing Director Rachel Balsham, who explains where the company is seeing the sharpest declines in cross-border money transfers.
Read Bloomberg’s latest report on Remittances here, and subscribe to the Next Africa Newsletter for more stories from the region
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