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...

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...