Could Remittances & Overseas-Based Population Catalyze The Adoption Of Electric Vehicles In Africa? Part 1

Remittances are the largest source of capital inflows into low and middle-income countries. However, unrecorded flows through informal channels are thought to be at least 50% larger than these inflows that come via official channels. In Zimbabwe for example, official Reserve Bank figures show that remittances surged from $1 billion … [continued]