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...

Nearly 70 per cent of surveyed Kenyan respondents cited financial and economic constraints as reasons to move abroad.

According to WorldRemit research, Kenya is one of the top recipients of remittances on the continent, with the primary uses being household needs, hea...

Cumulative inflows for the 12 months to May 2024 totalled $4,509 million (Sh580 billion), compared to $3,997 million (Sh514.2 billion) in a similar pe...

The Loans Board noted that it will offer an 80 per cent penalty waiver for beneficiaries with accrued penalties who pay their loans in one lump sum.

The remittances are estimated to be about $1.3 billion (Sh172 billion) per year, with some 40 per cent of households in the country estimated to recei...