So far this year, the months of January, August, September and October recorded the highest dollar inflow from diaspora remittances.

The PS noted that the policy aims to encourage those who migrated abroad and acquired other nationalities to invest more in Kenya.

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...

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 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...

Kenyans abroad send more than Sh650 billion back home annually, according to estimates by World Bank's Multilateral Investment Guarantee Agency (MIGA)...

This remarkable figure reflects a four per cent increase compared to the previous year.