Remittances from the Rwandan Diaspora reach $502 million in 2024

Rwanda received $502 million in diaspora remittances in 2024, according to the National Bank of Rwanda, underscoring the crucial role the Rwandan diaspora continues to play in the country’s development. The remittances primarily are sent to support families and invest in local projects, which play an important role in uplifting communities and advancing national development. On Wednesday, March 19, Central Bank Governor Soraya Hakuziyaremye noted that diaspora remittances have continued to grow at a steady rate. She also reported a significant increase in foreign investment inflows, which ro

Rwanda received $502 million in diaspora remittances in 2024, according to the National Bank of Rwanda, underscoring the crucial role the Rwandan diaspora continues to play in the country’s development. The remittances primarily are sent to support families and invest in local projects, which play an important role in uplifting communities and advancing national development. On Wednesday, March 19, Central Bank Governor Soraya Hakuziyaremye noted that diaspora remittances have continued to grow at a steady rate. She also reported a significant increase in foreign investment inflows, which rose to $573 million in 2024 from $458 million in 2023. ALSO READ: ‘Coming Home’: A Program Keeps the Rwandan Community in Australia Connected to Their Motherland Over the past 14 years, Rwanda has experienced remarkable growth in remittances, rising from $65 million in 2010 to $502 million in 2024. On Friday, January 3, 2025, members of the Rwandan diaspora attended the ‘Meet and Greet with the Diaspora’ event at the Ministry of Foreign Affairs and International Cooperation headquarters in Kimihurura, Kigali. ALSO READ: Rwandan Community in Australia Contributes Rwf 4 Million to Dusangire Lunch Campaign During the event, Minister of Foreign Affairs and International Cooperation, Amb. Olivier Nduhungirehe, praised the diaspora community for its vital role in national development. He encouraged continued engagement in Rwanda’s progress across various sectors. “Over the years, members of the Rwandan Community Abroad have actively participated in national matters, including raising awareness about Rwanda’s history,” Nduhungirehe stated.