diaspora remittances Stories
Overall, remittances from Kenyans abroad grew by 18.03 per cent year-on-year to nearly $4.95 billion (Sh637.93 billion), marking the highest growth in...
With the shilling constantly trading at an average of 129, it arguably means diaspora Kenyans are left in a tight spot while deciding whether to send...
If Kenya meets its sustainability targets, the cost of repaying the bond remains lower, while failure to do so could result in higher coupon payments.
In AU politics, campaigns are not about glossy manifestos; they are about power, influence, and strategic trade-offs.
In 2022, Kenyan expatriates living and working in Saudi Arabia sent home a total of $302.26 million (equivalent to Sh48 billion then).
The United States remained the largest source of remittances during the review period, contributing 51 percent of total inflows.
Applicants must provide proof of Kenyan descent, a clean criminal record, and a genetic genealogy test conducted by Kenyan authorities.
The World Bank report, which tracks remittance inflows to low- and middle-income countries since 2000, reveals that Uganda has consistently maintained...
So far this year, the months of January, August, September and October recorded the highest dollar inflow from diaspora remittances.
Mudavadi said the new regulations are designed to encourage regional integration, fairness, digital job growth, and increased foreign exchange revenue...
The PS noted that the policy aims to encourage those who migrated abroad and acquired other nationalities to invest more in Kenya.
Initially proposed in early February 2024, the bond’s development was put on hold due to concerns about whether the overseas Kenyan community would bu...
Kenyans living abroad sent home Sh56.7 billion in October 2024, marking a Sh2.4 billion increase from September's Sh54.4 billion.
CBK says the remittance inflows continue to support the current account and the foreign exchange market.
The initiative follows concerns raised by senators about the challenges faced by Kenyans in the diaspora when trying to access government services.
According to CBK, on average, daily remittances reached Sh1.78 billion, bringing the total for the first eight months of the year to $2.81 billion (Sh...
The US remained the country's largest source of remittances in the month under review, accounting for 52 per cent of the total inflows.
There are 26,000 Kenyans in Lebanon, the majority of whom are domestic workers.
“Be very careful because you have to respect the code of ethics and regulations in those countries,” he advised.
According to the global lender, the increased cost took a hit on the inflows coming into the African continent as a whole compared to other developing...
