Scramble for AfricaThe Scramble for Africa is a term widely used by historians to describe the invasion, annexation, division, and colonization of most of Africa by seven Western European powers during an era known as "New Imperialism" (between 1833 and 1914). The 10 percent of Africa that was under formal European control in 1870 increased to almost 90 percent by 1914, with only Liberia and Ethiopia remaining independent. The Berlin Conference of 1884, which regulated European colonization and trade in Africa, is usually accepted as the beginning.
RemittanceA remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. Due to its large diaspora, India consecutively remains the top receiver of remittance.
