Tanzania overtakes SA as Kenya’s top remittance source

Central Bank of Kenya. 

Photo credit: File

What you need to know:

  • Dollar inflows from African countries into Kenya dropped 65.9 percent in the first three months this year, with Tanzania overtaking South Africa as the biggest source of remittances. 
  • New data by the Central Bank of Kenya (CBK) shows that Kenyans living across the continent sent home $39 million (Sh4.2 billion) between January and March compared to $114.7 million (Sh12.3 billion) in a similar period of 2020. 

Dollar inflows from African countries into Kenya dropped 65.9 percent in the first three months this year, with Tanzania overtaking South Africa as the biggest source of remittances. 

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