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Rwanda registered $502 million from diaspora remittances in 2024

By IGIHE
On 19 March 2025 at 06:11

Remittances from the Rwandan diaspora reached $502 million in 2024, slightly down from the $505 million recorded in 2023. The figures were disclosed on Wednesday by the National Bank of Rwanda, highlighting the significant role the Rwandan diaspora continues to play in the nation’s progress.

The Central Bank’s Governor, Soraya Hakuziyaremye, noted that remittances from the diaspora have continued to grow at a positive rate.

She also highlighted that funds from foreign investment also increased considerably, reaching $573 million in 2024, up from $458 million in 2023.

Looking at the trend over recent years, remittances from the Rwandan diaspora stood at $274 million in 2020, rising to $379 million in 2021 and $461 million in 2022.

By 2023, the figure had reached $505 million, reflecting consistent growth in the flow of funds from abroad.

Remittances from the Rwandan diaspora reached $502 million in 2024, slightly down from the $505 million recorded in 2023.

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