UK Overtakes SA in Zim Remittances

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The United Kingdom is set to overtake South Africa as Zimbabwe’s top source of remittances in 2025. A reflection of shifting migration and income trends. Finance Minister Mthuli Ncube said the UK will account for 28.6% of an estimated US$2.72 billion in inflows, compared to South Africa’s 27.5%. The rise follows increased migration of professionals to the UK, making remittances Zimbabwe’s second-largest foreign exchange source after mining.