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...
In 2022, Kenyan expatriates living and working in Saudi Arabia sent home a total of $302.26 million (equivalent to Sh48 billion then).
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.
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.
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.
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...
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 State Department for Diaspora Affairs has announced plans to conduct a baseline survey, seeking a consultant to develop a framework and tactical p...
Diaspora remittances have grown rapidly in recent years to become the country’s main source of foreign exchange, surpassing domestic exports such as t...
