The increasing importance of mobile remittances has prompted the need to develop a specific knowledge base. In response, IFAD's Financing Facility for Remittances (FFR) developed MobileRemit Africa as a key instrument of the Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa (PRIME Africa) initiative, co-financed by the European Union and initially implemented in seven African countries (Ghana, Kenya, Morocco, Senegal, South Africa, The Gambia and Uganda), along with their main remittance corridors.
MobileRemit Africa aims to complement RemitSCOPE Africa, a web-based platform that provides users with remittance-based data and analytics. It will lay the foundation for a knowledge base on mobile remittances and to gather data, generate insights and provide policy guidance on mobile flows for African countries.
The first component of the MobileRemit Africa involves the creation of a mobile- remittance-enablement index score for African countries, allowing for a nuanced understanding of the factors that may aid or impede the adoption of the mobile channel for remittances. The index is built upon 5 pillars that allow for country comparisons and best practices dissemination: E-money international money transfer, market environment, enabling environment, inclusion environment and consumer protection.
This report describes the methodology for the index, while presenting key findings at continent and regional levels, as well as country profiles for the PRIME Africa countries.