Opinion

The changing remittance economy in Zimbabwe

Published on 22 January 2024

Ian Scoones

Professorial Fellow

The flow of remittances to Zimbabwe is huge, with diaspora remittances from outside the country estimated at over US$1 billion per annum, or around 16% of total foreign exchange receipts. This comes from a large network in the diaspora, whether in the region (mostly South Africa) or further afield, including the UK. Remittances also flow internally within the country, from people working in town in government jobs or in businesses of different sorts.

Flows of finance also come from off-farm work, including artisanal mining, which is very significant especially for younger men in some parts of the country.

This article is from Zimbabweland, a blog written by IDS Research Fellow Ian Scoones. Zimbabweland focuses on issues related to rural livelihoods and land reform in Zimbabwe.

Read the full story on the Zimbabweland website

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The views expressed in this opinion piece are those of the author/s and do not necessarily reflect the views or policies of IDS.

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Region
Zimbabwe
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