Browsing: Diaspora remittances

Remittances represent an important source of foreign exchange and support many livelihoods.

The US remains the largest source of remittances into Kenya, accounting for 59 per cent of money sent back home in the month under review.

Diaspora remittances are part of Kenya’s largest foreign exchange earner, largely contributing to the country’s forex reserves to stabilise the shilling.

The US remains the largest source of remittances into
Kenya, accounting for 62 percent in April 2022.

Diaspora remittances in the first quarter of 2022 grew by 23.5 percent to Ksh.118.4 billion ($1.024 billion) according to the…

Diaspora Remittances to Kenya totaled $321.5 million (KSh36.6 billion) in February, 5.1 percent lower compared to $338.7 million (KSh38.3 billion)…