Diaspora remittances

Kenya loses Sh10bn as diaspora remittances post worst first-half drop in 16 years

The latest performance marks the biggest January-to-June decline since 2009, when the effects of the 2008 global financial crisis caused remittances to Kenya to fall by 11.4 percent following widespread job losses in advanced economies.

Most diaspora remittances used for food as households battle rising living costs – KNBS report

The report, launched on Tuesday, June 16, revealed that Kenyans living abroad sent home remittances worth Sh931.8 billion between June 2024 and May 2025, with a significant share of the money directed towards consumption rather than investment.

Treasury CS Mbadi warns over oil, trade risks as Kenya targets 5.3% growth

Speaking before the National Assembly of Kenya Departmental Committee on Finance and Planning, he highlighted strong remittances, stable inflation, and resilient sectors, while outlining mitigation measures to cushion the economy against external shocks and rising fuel costs.

Mwaura: Kenya’s economy growing steadily at 4–5 percent despite global challenges