Denera Atanguegnima from CERDI reveals the impact of migration on economic development in Africa

In her thesis defended in 2024 at the Institute for Research and Development, Denera Atanguegnima reveals that remittances from international migration, reaching 548 billion USD in 2019, represent a strategic opportunity for economic development in Africa, despite an alarming banking penetration rate of only 20%.

International migration is often perceived as a complex phenomenon for both origin and host countries. Denera Atanguegnima, within CERDI, explores the effects of migration on economic development in Africa, focusing on financial inclusion and the labor market. Remittances play a crucial role in supporting families, but raise questions about access to financial services.

Denera Atanguegnima's analysis shows that migration flows reached 548 billion USD in 2019, but the banking penetration rate in Sub-Saharan Africa remains at only 20%. This situation highlights the need to improve access to financial services to maximize the impact of migration on economic development.

The results of this research indicate that the financial inclusion of migrants is a strategic opportunity. For decision-makers, it is crucial to develop favorable policies and innovative financial products. Partnerships with local actors and government engagement are essential to stimulate economic development through remittances.

« "Remittances from migration, which reached 548 billion USD in 2019, are essential for supporting African economies, but the 20% banking penetration rate shows that much remains to be done to maximize their impact." - Denera Atanguegnima »

« "This research highlights the importance of access to knowledge for decision-makers, in order to transform the challenges of migration into opportunities for economic development in Africa." - The Lektaris team »