Tag: Remittances
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Overseas Jobs Boost: Ethiopia Aims 800,000 Placements
Overview: A Bold Push for Overseas Employment In a major policy move, Ethiopia’s Ministry of Labor and Skills announced an ambitious goal to facilitate overseas employment for 800,000 Ethiopian citizens within the current fiscal year. The initiative, led by Labor and Skills Minister Muferihat Kamil, targets expanded opportunities in diverse sectors and regions, aiming to…
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Ethiopia Sets Ambitious Target to Secure 800,000 Overseas Jobs in 2025-26
Overview: A bold push for overseas employment Ethiopia’s Ministry of Labor and Skills has unveiled an ambitious plan to secure 800,000 overseas employment opportunities for Ethiopian citizens in the current fiscal year. The strategy, announced by Labor and Skills Minister Muferihat Kamil, aims to expand demand for Ethiopian workers abroad while strengthening regulatory safeguards for…
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Philippine Remittances Rise in October, Growth Slows
Overview: October remittances rise but at a slower pace Cash remittances from overseas Filipinos rose again in October, according to data released by the Bangko Sentral ng Pilipinas (BSP). The month marked a continuation of the upward trend that began earlier in the year, but the pace of growth cooled from the strong surge observed…
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Philippine Remittances Continue to Rise in October, but Growth Slows
October remittances rise, but pace softens Remittances from overseas Filipino workers (OFWs) rose again in October, though the pace of growth cooled compared with the previous month’s surge. The latest release from the Bangko Sentral ng Pilipinas (BSP) confirms a sustained inbound flow of cash from Filipinos working abroad, supporting household finances and domestic consumption…
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Philippine Remittances Rise in October But Growth Slows: What It Means
October Remittances Signal Continued Support from Overseas Filipinos Overseas Filipino workers (OFWs) and other remitters sent more money home in October, according to data from the Bangko Sentral ng Pilipinas (BSP). The monthly cash remittance figure rose for the latest month, but the pace of growth cooled compared with September’s peak. The development underscores the…
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Dollar to Naira Black Market Rate Today: Nigerian Parallel Market Update (Nov 25, 2025)
Overview: Dollar to Naira in the Parallel Market on November 25, 2025 The Nigerian Naira has continued to slip slightly against the United States dollar in the parallel or black market, reflecting ongoing demand for foreign currency during the festive season. As of Tuesday, November 25, 2025, market participants reported a marginal weakening in the…
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Local Markets Shine In A Solid Quarter For EM Debt
Overview: A Robust Quarter for Emerging Market Debt Emerging market (EM) debt delivered a notably better performance in the latest quarter as local markets showed resilience amid shifting global rates and improving balance-of-payments dynamics. Investors sought higher yields and diversification from a broad array of EM sovereign and corporate bonds, while local-currency debt benefited from…
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Kenya’s Labour Ministry Opens Over 1,500 Overseas Jobs for Youth
Overview: A Major Leap for Kenyan Youth The Ministry of Labour and Social Protection in Kenya has unveiled a substantial recruitment drive, listing more than 1,500 overseas job vacancies for qualified Kenyan youth. The vacancies span various skilled and semi-skilled categories, offering opportunities in sectors such as health care, construction, hospitality, and agriculture. This initiative…
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Ireland Sees 40% Surge in Fraudulent Payments in 2024: What’s Driving the Rise and How to Protect Yourself
Ireland’s Fraud Scare: A 40% Jump That Shifts the Risk Landscape The Central Bank of Ireland’s Payment Fraud Statistics for 2024 reveal a sharp shift in the risk landscape for consumers and businesses. Last year, the volume of fraudulent payments rose by 40% compared with 2023, with the total value reaching €160 million. While some…
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Ireland Sees 40% Jump in Fraudulent Payments in 2024, Driven by E‑Money and Remittances
Overview of the 2024 Fraud Payments Surge The Central Bank of Ireland’s Payment Fraud Statistics for 2024 reveal a 40% increase in the volume of fraudulent payments compared with 2023. The total value of fraudulent payments rose to €160 million in 2024, reflecting a near 25% year‑on‑year increase. The upsurge is largely driven by fraud…