Kenyans abroad sent home record Sh197.1 bn last year

What you need to know:

  • Fresh data from Central Bank of Kenya (CBK) shows diaspora remittances hit an all-time high of Sh197.12 billion ($1.95 billion) in the 12 months through December.
  • Inflows in December rebounded from a marginal slowdown in November to touch a new monthly record of Sh20.64 billion ($203.82 million).
  • The remittances once again beat tea export earnings.

Kenyans abroad sent home Sh22.82 billion more last year compared to 2016, consolidating remittances’ position as top source of foreign exchange ahead of tea exports and tourist receipts.

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