Business Africa
Remittance service providers should be classified as essential in times of crisis.
This is the International Fund for Agricultural Development’s plea to governments around the world as International Day of Remittances to Families was marked on June 16.
But there has been a slowdown in remittances due to the coronavirus pandemic this year, yet in 2019, the UN reported remittances surpassed foreign direct investment as the main source of capital inflows to developing countries
Details with William BAYIHA and Eric OTENG
![Oil Market: Africa facing new turbulence [Business Africa]](https://images.euronews.com/articles/stories/09/72/86/46/320x180_cmsv2_2334dfb9-468c-5cfe-b2bd-2eb472059957-9728646.jpg)
01:05
Macron arrives in Ethiopia ahead of high‑level AU talks
Go to video
Africa should 'let the past be' and welcome all foreign investment, says mogul Elumelu
01:54
Africa Forward summit wraps up in Nairobi
01:16
South Africa inflation ticks higher as education and housing costs rise
01:30
A decade of African politics: Democratic gains and new pressures
01:03
Preparations underway in Equatorial Guinea for arrival of Pope Leo XIV