Cameroon: How remittances can be a catalyst for social good

By Imane Charioui, Director of Francophone Africa, WorldRemit Overseas migrant workers are a vital element of Cameroon’s economy, with remittance inflows contributing significantly to the country’s progress and economic growth. Globally, personal remittances to the country increased by USD $96 million in 2021, a 29% rise compared to the previous year.1 Data from Zepz shows that its users globally sent USD $300 million to Cameroon in 2022 through its two digital money channels WorldRemit and Sendwave. Many of these personal remittances were directed to families in Cameroon, providing education, healthcare, food, and funded personal development projects. In Sub-Saharan Africa, improved…