Tanzania, Feb. 14 -- Dar es Salaam. The value of diaspora remittances rose by 60.52 percent, with the volume of inflows increasing by 20.41 percent, to reach 500,849 transactions worth Sh1.3 trillion, a 2022 Bank of Tanzania (BoT) report shows.

The increase is from 415,960 transactions and Sh837.33 billion recorded in 2021, respectively.

The BoT's latest report reveals that the volume of outflows (33 remittances) recorded a slight growth rate of 2.28 percent to 132,740 transactions in 2022, rising from 129,651 transactions. The corresponding value grew by 33.12 percent to Sh640.14 billion.

The increase, according to stakeholders who spoke to The Citizen on Tuesday, January 13, 2024, stemmed from the government's recent year's campaign ...