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Ethiopia - Ethiopians sent $591Million Home in Remittance

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10/24/07

Permalink 06:10:55 am, by nazret.com, 292 words   English (US) latin1
Categories: Ethiopia, Immigration

Ethiopia - Ethiopians sent $591Million Home in Remittance

Ethiopia - Ethiopians sent $591 Million Home in Remittance Money - Report

Ethiopians in diaspora sent a total of $591 million in remittance money to Ethiopia in 2006, said a report by UN's International Fund for Agricultural Development (IFAD). The amount is nearly 4.4% of Ethiopia's GDP.

East African countries heavily depend on these flows, with Somalia standing out as particularly remittance dependent. For the entire region, these transfers are 13 per cent of per capita income and on a country-by-country average represent 4 per cent of GDP and 4 per cent of exports. Eritrea is also heavily dependent on remittances, the country received $411 million in remittance money, which amounts to 38% of Eritrea's GDP.

Sub-Saharan Africa has over 30 million people in the diaspora. Of all the world’s regions, however, Africa’s predominant migration is intraregional, the report said. Remittance flows to and within Africa approach US$40 billion. North African countries such as Morocco and Egypt are the continent’s major recipients, the report stated.

The Annual average remittances per migrant is $1,358. The Top 5 recipients of remittance money are Morocco, Nigeria, Algeria, Egypt and Tunisia.

Top 5 recipients by volume received in Africa

1 Morocco: $6.1 Billion
2 Nigeria: $5.4 Billion
3 Algeria: $5.2 Billion
4 Egypt: $3.5 Billion
5 Tunisia: $1.5 Billion

150 million migrants worldwide sent more than US$300 billion to their families in developing countries during 2006. According to the study, in 2006 Asia was the top destination of remittances, receiving more than US$114 billion, followed by Latin America and the Caribbean (US$68 billion), Eastern Europe (US$51 billion), Africa (US$39 billion) and the Near East (US$29 billion).

Taking nations individually, India received the most (US$24.5 billion), followed by Mexico (US$24.2 billion), China (US$21 billion), the Philippines (US$14.6 billion), and Russia (US$13.7 billion).

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Source: IFAD

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47 comments

Comment from: abraham [Visitor]
as long as for the good cause keep it up our African brother and sister.
10/24/07 @ 06:56
Comment from: hammere [Visitor]

Very small, just insignificant when compared to the number of Ethiopians
living there.
10/24/07 @ 07:40
Comment from: saba [Visitor]
Early this year a European broadsheet reported that money flowing out of African countries in general and Ethiopia in particular has increased many folds. This coincided with the massive increase in foreign aid directed to Ethiopia. It is highly likely that increase in remittance will also fuel this same phenomenon. Countries like China and India effectively exploited what ever funds were available to them to accelerate their economic growth and development where as corrupt government officials in Ethiopia and the rest of African countries are stashing away stolen funds in European and American banks. One other forgotten fact fuelling the massive surge in capital flight from Ethiopia is the ease with which our government can extract funds through artificially inflated land and house prices and other means. It is almost always Ethiopians living abroad who are willing victims to this scam. Although Addis Ababa is less than a tenth the size of the biggest cities in Europe with a huge scope for expansion, Ethiopians continue to pay as much per square meter of land as they would in Europe or America. This is despite the fact that the land does not benefit from associated infrastructure like proper roads, power, water, communication, schools, health centres…
10/24/07 @ 07:47
Comment from: Nakifa [Visitor]
Most Ethiopians are simply mafia,even they
demand money from Ethiopia.
10/24/07 @ 07:48
Comment from: chu [Visitor]
Nakifa lol like you right?
10/24/07 @ 08:44
Comment from: Yeha [Visitor]
Its good some one got help.

Nakifa,
how about your Italin slave hashiker people? is this the modren way? I am sure you would probabaly say yes to be Italin hashiker and banda is the modern way.
10/24/07 @ 09:01
Comment from: Demeke [Visitor]
Wow!, Eritreans $411 millions and have only 4.5 millions people. That is amazing. Good job people!
10/24/07 @ 09:01
Comment from: coolman [Visitor]
This is a lot of many. It does not even include the money sent directly through friends and family members traveling home and the money taken by the individuals themselves. The figure, most likely, reaches a couple of billions. May be an opener for those who think the Diaspora is useless. Peace
10/24/07 @ 09:31
Comment from: Yari [Visitor]
I think Ethiopians receive more money from Ethiopia than sending it. This figure is focused on only one way. You are spending your money on burger and organize political parity extravaganza. Do something worthwhile? Look at Sudan? How many Sudanese are in the US?
10/24/07 @ 09:54
Comment from: KOFK [Visitor]
Saba,

You shed some light on what I have always suspected. Thank you for your analysis. True, the price of property in the capital is artificially inflated and we are all falling for it.

Thanks again.
10/24/07 @ 09:55
Comment from: Shewarega [Visitor]
Dear Diaspora,

You know how you are being insulted day and night by this hateful Eritrean occupier and his dogs. Stop, or at least reduce the money you are sending home. Do not lend a "machede" to the hateful blood sucker who dismembered your country, who dishonored your ancestors, who dismantled your provinces, and who takes every chance possible to kill Ethiopians, to humiliate your nation and family. Do not feed the monstor that is occupying you. An all out assault to boycott any foreign companies doing business with him must be done TODAY. Just lobbying foreign nations, and the likes of HR2003 is not enough. As it was the case with Apartheid South Africa, private companies dealing with the occupier must feel the heat too.

Mot for the Eritrean hater, ye mata mata ewente yereta. Ethiopia shall be free. End the ethnic bantustan, "gena ye Hamassien eyen be kuna yeseferal." Ethiopia shall be avenged.
10/24/07 @ 09:57
Comment from: Addis [Visitor]
Hamere:
I agree ... Look how much Eritreans did send.
Although their No is significantly lower than Ethios living abroad ...
Cheers
10/24/07 @ 10:58
Comment from: Fed up [Visitor]
Saba,

Before you accuse Ethiopian officials stealing and stashinig money i sugest you come up with some kind of proof, for example which banking institute is holding the funds you claim stolen, how about the amount, from what program the money was diverted to personal account to name a few. I bet you don't have any, therefore shut the hell up.

Every one is not like you and your types who depend on stolen money to make a living.
10/24/07 @ 11:04
Comment from: tman [Visitor]
Fed up,

Sounds like you're getting nervous buddy. Its common knowledge that you guys are looting the country's wealth in day light robbery. You dare deny that?
10/24/07 @ 11:33
Comment from: Yigermal [Visitor]
Fed UP,

There is already evidence and the officials were accused in the USA last year after election, remember. But still they were able to stop the court process, thanks to Al Amoudin,

Don't worry you will return the money you took or loot one day or you wil die with it.
10/24/07 @ 11:52
Comment from: Shagray [Visitor]


We talk much about the poverty of our people but we do very little. Where is the money going to?
10/24/07 @ 11:53
Comment from: kalub [Visitor]

i think that is not bad. but we need to work much more.Forgeting all the past mistakes lets continue to strengthen our nations developmement. we should pay our attention on what is good. i advise you to concentrate on our brighter future.
10/24/07 @ 13:01
Comment from: Kudus [Visitor]
Wow diaspora. You control the economy in Ethiopia while the government is bragging about the economy growth.

Now it is disclosed that you are the one to contribute to the economy not the money that Woyane produced or begged.

With all the begging from Meles's foreign masters and stealing Ethiopians Woyane's big appetite for looting has not been satisfied yet.

If you want to see Woyane shrink and disappear you should hold back or at least lower the amount you are sending. Let’s see for how long Woyanes can manage to stay.
10/24/07 @ 13:31
Comment from: Yonas Tibebe [Visitor]
Rather small given the size of the diaspora. It just means there is room for further growth, with government encouragement and facilitation.
10/24/07 @ 13:50
Comment from: getaw [Visitor]
What are you talkig about guys?It is normal you are talking meles meles meles you are just making him as an ingredient,most important get another topics instead of meles.For eritrean case they are useless they have nothing even no national pride and value,Don't compare with ethiopa.Their heart burns with whith ethiopa's unity.We know each of you in diaspora praying to get ethiopian pasport.This is the minimum what you see about ethiopa's progress,you will see very soon what will happen.But no one will help you out, no cud or medhen. whom you stick onlf,olf can not help you out.The brave:Tigrea,amhara oromo,guragea are togather.We are going to burn terrorists,remamber no were to hide when the time comes
10/24/07 @ 14:19
Comment from: AGAM [Visitor]
The chart above shows most diaspora ethiopians are good at blocking aid and making empty noise in the streets.Luckliy we have eprdf thats working hard to develop the country in many ways.Through out history selfish ethiopians have always harmed the country morethan her known enemies.The hateful dispora poltics have tied the hands of many good ethiopias from not supporting thier mother country..
10/24/07 @ 16:14
Comment from: Azeb [Visitor]
getaw,

You act like the grasshopper, jumping all over the place. There is no unity between TPLF/ Woyane thieves and Ethiopians and TPLF is not Ethiopian. They should go away. Woyane is all alone fighting with every side.

Is this the money you have been looting make you talk and jump like this or are you begging the diaspora to give you more money? Or is it the cactus quanta dish that numbed your brain?
10/24/07 @ 16:57
Comment from: Geramu [Visitor]
Ethiopia in diaspore good for power crying with empty pocket:'(:'(
10/24/07 @ 17:28
Comment from: AnGaGaW [Visitor]
Demeke, what are you astonished about Eritreans? get your facts straight, 4.5 million Eritreans are not living out side of Eritrea. The money sent to home country is based of the number of people the respective countries have over seas, in that case there might be a million Eritreans could be.

Beside, the state of Eritrea levies a mandatory taxation on its people living abroad. You didn't know that? Plus, most ethiopians used the old-school way of sending money back home... have you ever used sending money thru Banks. I bet you r sending your money through your friend called Bekele.

cheer up
10/24/07 @ 17:38
Comment from: Tamrat Tamrat [Visitor]
Lets send money home by all means. From all the money spent, money spent home is good money as long as the money doesnt go
direct to some dictators govt, like shabians.

If the ethiopian govt becomes successfull in putting the shabian govt into terrorist list, look how the shabian bana republic collaps economically cause 38% of their economy is generated by 2% tax for shabialnad. So our govt is doing superb its home work concrning intrnational poletics.

But the embecils so called oppositions work with isayas to sabotage Ethiopians and Ethiopia. Dispicable. I will never understand how they think. There is even
a limit for greediness. Shabians are not problems. They declared their enemity and they working on it fullahrdi than focusing on their economy. Strange but clear. We see them and stop them though unfortunate we are.

My call, let send more money home.
10/24/07 @ 17:52
Comment from: Deder [Visitor]
we ethiopians are unlucky because most of uswe work only non skilled and non professional job. we have very few dispora working professional job. So, what ever you send home with the minimum wage keeps the remmitance the lowest comparing the same number of diaspora we have in different parts of the world. What hope we may have is if the next generationif got educated and participate in business, politica of their host country may improve the remmitance.
10/24/07 @ 18:51
Comment from: Ar [Visitor]
Sew be sew melak would exceed what has reported.
10/24/07 @ 21:25
Comment from: ethio [Visitor]


HI ETHIOPIANS ?

Look Ethiopia send home over 591 millions
we have over 70 million people

Eritrean,s send home over 411 millions
and they have over 4.5 people

shame shame on all of us we know how to talk and and always blaming somebody.
please go head do something . help help your familly and your country stop singing at air port .
hey is,t meles is fault ? i am sure some of you guys will say yes . please
please save one beer a week and help your people . shame on us whom live especially noth america. wushetam fokary
10/24/07 @ 21:47
Comment from: Z-Mike [Visitor]
It's good to see many ethiopians are helping their families. I am sure it's a lot more than the # the report shows. Most ethiopians send their money via their friends when friends travel to ethiopia or when they travele on their own. No one really knows how much ethiopians are helping.

To those who said Eritreans are sending more money, don't forget, they have a required payment they have to pay to Issa-ass before their families face harsh jail time.

Fed-UP forget about those CUDies puppets who are saying this & that. TMAN, SABA & Yigermal, please SHUT your mouth. This is about good ethiopians who are helping their families/friends. Save your poor politics for another day.
10/24/07 @ 22:17
Comment from: moa [Visitor]
Last year Ethiopia earned around 420 million dollars from coffee which is far below than what the Diaspora sent. The total money earned through export last year was under one billion dollar which is far below than the Diaspora sent to the country through official and unofficial chanels.This shows Ethiopia is getting its major income from the Diaspora remittance than from its exports. I believe the money sent by the Diaspora is mach more than 591 million dollars since this figure is reporting only the money transferred through the financial institutions. The amount of money transferred by the Diaspora by other means is much more than the official figure. The government needs to see the Diaspora as an asset than as an enemy if they love their country. Take lesson from China, India, Mexico and many other countries which were able to utilize this asset to the betterment of their country.
10/24/07 @ 22:41
Comment from: Bole1 [Visitor]

as far as I know no one is sending money directly to the government but some in this post are telling you to hold back the little money you send back to your family so we can bring the government down!
wow!
First the World Bank,then any government
helping our poor,and now money you send to your family!
what are we turned into...?

As they say..
"be sew qusul enchet sededibet"
10/24/07 @ 23:25
Comment from: Zebra [Visitor]
Ethiopian in Diaspora, please do not send money to Ethiopia unless it is very necessary. Please send clothes, materials, food stuff and etc. Money from abroad is strengthen TPLF and longer our freedom. Please do not invest in Ethiopia for while, you buy ii by inflated price and filling TPLF sack. Someone who have macro economics knowledge please give us analysis for advantage and disadvantage for Ethiopia and TPLF:?:.
10/25/07 @ 11:56
Comment from: Balageru [Visitor]
many Ethiopians and Eritreans send money through habesha agents like grocery shops or small businesses because of trust and language, in the receiving end things done quietly because of restrictions. i found Somalian Dahabshiil fast, reliable and simple. so unofficial figure much higher than $591 million. we Ethiopians need to do more, don't just cry milk! milk! feed the cow.

i have to give credit to Somalians and Eritreans. however you should compare the population out of the countries rather than populations at home.

shewarega, i am disappointed with you. whether we like it or not TPLF/EPRDF are our government deal with it. what happened in the past meant to happened, of course i am not happy with this government on many issues including our daughter Eritrea arranged married to Arabs without our blessing, but the future is bright if we work hard, remember east and west Germany. we should all make our little contributions for better Ethiopia.

respect.
10/25/07 @ 12:15
Comment from: libBelu [Visitor]
balegE hula,

you can tell the ppl who are telling others to stop sending money are the ones that nver send money because they are too busy going to chifera bet and donating money to political parties while their family (younger/older brothers and sisters, mother and father) are bechigir iyetekolu in some gurangur sefer. shame on you!! stop being so dense-RAS and get a second job and start sending money to your family and stop mawdeldel-ing around yetim chifera bet and political meetings.

Sincerely,
10/25/07 @ 13:40
Comment from: negus [Visitor]
United Bank or Hibert bank of Ethiopia ( United Ethiopia Money Exchange) under the leadership of Ato Berhanu, president is making every effort to have nation wide footprint in the USA, Canada , KSA , Kenya and South Africa. United Ethiopia is the first money transfer service .........serving ethiopian since 1989 in USA. United Ethiopia money exchange has over 40 cities location in the USA.
10/25/07 @ 14:03
Comment from: zerish [Visitor]
what about the money we sent through friends and families? It should double the amount!!!!
10/25/07 @ 14:44
Comment from: Donatello [Visitor]
Good job habesh, but still our country needs a little more work and support.
10/25/07 @ 16:42
Comment from: adem [Visitor]
Saba, ask Miss Meles how match money she has taken from chines company. under whose name is kept....make it happen and let us now!!!
10/25/07 @ 17:01
Comment from: anonymous [Visitor]
STANDING UP FOR OUR OWN.

THIS IS A SIMPLE AND PURE PERSONAL AND ECONOMIC ISSUE THAT MAY AFFECT SOME OF YOU WHO LIKE ME, HAVE DECIDED TO GO BACK HOME AND BE COUNTED ALONG WITH YOUR BROTHERS AND SISTERS.

I am sick and tired of the hustlers and Bureaucrats who have denied us our right to go back home and build our residences. I am talking about the Negarit Gazeta which was issued 4.5 years ago to grant us Duty free imports and a plot of land 500 sq. m., which was legally announced at the time.

Without any other legal cancellation or announcement, these fat cats have been pushing us around for the past 4.5 years without anyone asking or challenging the legality of it. The government and the parliament has approved and granted this privilege to all ethipoian expats so that they return and help out in rebuilding the country. The fat cats and their so-called influence peddlers are now engaged in a wholesale of expropriating and selling of land to you in the name of real-estate development.
The government has never intended to play hide and seek or tease us like a clown does it to a kid. They meant to help us help our ourselves and our country.

I urge you all to resist the new attempt by these bureaucrats to give you some tiny piece of plot (while they are handing out thousands of acres to their influence peddlers and their cheer leaders) as a save face... when they have been cornered as to why they did not implement what was promised.

I am suggesting to all of you to pause for a moment and do as follows:
1) Sue the Ministry of foregin affairs, diaspora directorate ... office and the director himself, who is the main culprit, for not fulfilling his duty and ruining people's lives .

2) Bring this issue to the fore, by protesting in any way you can.

3) Complain to the PM's office and request for resolution of this issue.

I am of the belief that we should all do this collectively so that we do not take every bureaucrat's lousy excuse as a policy and as a law. The Law was written in black and white. the message was clear. It is just us who are not asking WHY. We should question why policies and well intended acts are not implemented when they are supposed to.

I urge all of you to sign a petition (which i will shortly post on Nazret) and send it to the PM's office. I say we also sue the lousy and incomptent bureaucrats in MOFA. I say we elect our own representative (For the directorate) and send him or her to Addis, as this guy can not even do what he is told to do, let alone defend and promote our interests.

Some of you may say, what is the use? The government is the one who changed its mind... they will not give us anything. etc...

The government has given us land 4.5 years ago. The government also has taken payment from us. What the government will not do on our behalf is, follow up and see it through. (which was supposed to be the Directorate's and our responsibility)

Let us see if the policy makers really mean what they say.

I am of the belief that we could make a difference by taking one cause and one issue at a time. This one to me.... is very Personal.

Jakaranda.

Sick and tired of Bureaucrats and hustlers
10/25/07 @ 19:07
Comment from: kuru Ethiopian [Visitor]
what's up my ethoipian peoples, first we did good job by send over 591 millions I am sure it is not enought but we can do better in future, but Eritrean send over 459 millions dollars but they have to payes taxes in order to be Eritrean citzen they must paid or they will lose it, so I don't think we need to care how much they send it is their duties or their family will lose what they got or they will not allowed to goes Eritrea if they didn't pay, so to me they get forced we doing for the better not been forced lets do better next time, peace and love to all my Ethiopian people.
united we stand divided we fall.
10/25/07 @ 19:42
Comment from: somali [Visitor]
According to the report somalis sent $790 Million. That is just an estimate. It must be more than 2 billion. Sometime ago only in one country they were saying Somalis sent over $300 lillion.
I myself send over $5000 a year.
I hope the people of the Horn will sleep without hunger
10/25/07 @ 23:52
Comment from: Seleme [Visitor]


Dear All,

Glad to here again in Nazret.com. . .

I really glad also to hear again that the "New Heroes" of our country sacrifice and performed tramendous rule for betterment of our country.

Not only our family members in Ethiopia are happy about these remittances but also those vultures of evil took advantages and get easy money from exchange rates while the poor diaspora made sweating for these money.

Is there any of these vultures extend helps those abused, maltreated and raped by abusive employers in the middle east? while our poor sisters nobody cares about their hardships, endure and sufferings?

Nobody. . . .nobody from these vultures and parasites. . .



10/26/07 @ 00:19
Comment from: Gobeze [Visitor]
Saba

We need source like website, link or any other means to verify your information.
10/26/07 @ 03:35
Comment from: Kudus [Visitor]
Attention Everybody,

When you read the comments from Meles’s supporters it is only about telling the diaspora to send for more money.

They do not tell you about the money the government keeps in its pockets and foreign banks. Banks in England receives millions and millions of dollars from the Meles’s administration.


Today’s millionaires by far are more and richer than during any previous governments. While most governmental posts are occupied by uneducated but loyal to the government people.


Yet the country is in the bottom of world’s poorest list and has not stopped begging for food and money because more people are getting poor while the poor are getting poorer.

Meanwhile Woyane is bragging about the growing economy without giving credit to the diaspora. It also using the money to silence the citizens and depriving them of their rights and privileges‘.

All these puppets worry is to get more money to keep themselves rich and their government that is allowing them to loot.

Help by sending other materials, such as clothing and so on before sending money.
10/26/07 @ 11:52
Comment from: Shagray [Visitor]
How do we estimate the money sent "Ayer Bayer"? That will be very difficult. I think what is reported is the tip of the iceberg.
10/26/07 @ 13:50
Comment from: Balageru [Visitor]
oh my God!!! i can not believe it what kind of people Ethiopia gave birth to, how can normal human beings appeal to us not to send money for orphans, sick, hungry children of Ethiopia. what is Ethiopia means to you? empty land? what is life to you? eat and shit? hate and jealousy are poisons that burns you to death slowly. i don't care if you are my mom sons go to hell with your little empty pride.
10/26/07 @ 13:59
Comment from: Gehon [Visitor]
Shewrega: at least you are not disguising your self as an Ethiopian, you are an open anti Ethiopian!. I came to the conclusion of you not being Ethiopian because of what you wrote on your comments.
You said:-

A) "death to the Eritrean hater"
B)" who dismantled your Provinces" (Rather than saying ours, if you were to be Ethiopian)

C)" who insulted and disrespected your ancestors" etc.

Well Shewarega, you might convince some air head terrorist supporter Ethiopians, who are lost in this vast and complicated world of identity crises. However, nice try, Shewarega!. A straight shot pure propaganda, that sounds like from gesttapo and Hitler era.

From what I read in your previous comments, I thought you were Ethiopian who is opposed to the current government, in which I would have no problem with. Well! I always learn something new in this website.

See ya!
10/26/07 @ 16:40

Comments are closed for this post.

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