DODOMA, May 29 -- REMITTANCES from the Tanzanian diaspora surged to 2.116tri/- (approximately 810 million US dollars) between July and December 2024, signalling their escalating financial contribution to Tanzanias economy.

The Minister for Foreign Affairs and East Africa Cooperation Mahmoud Kombo said in the National Assembly on Wednesday that Bank of Tanzania (BoT) statistics reveal that the notable increase from the 2.045tri/- recorded for the entire 2023 period underscored the vital role Tanzanians living abroad play in national development.

He said the growing flow of remittances, which significantly enhance family livelihoods and contribute robustly to the nations financial sector, is complemented by a substantial rise in diaspora ...