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remittances

Diaspora remittances drop by Sh3.77 billion as global pressures hit Kenyan workers abroad
Business

Diaspora remittances drop by Sh3.77 billion as global pressures hit Kenyan workers abroad

The latest performance echoes the trend seen in 2023 when remittance inflows during the review period fell by 1.8 percent. At the time, rising prices across major economies reduced the amount of disposable income available to migrant workers, limiting the money they could send to relatives back home.

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Diaspora remittances hit record Sh58.15 billion in March as inflows strengthen
Business

Diaspora remittances hit record Sh58.15 billion in March as inflows strengthen

On a broader scale, the latest monthly performance pushed the total diaspora inflows for the 12 months ending March 2026 to Sh655.9 billion (USD 5,079 million). This is an increase from Sh642.1 billion (USD 4,972 million) recorded in the same period a year earlier, reflecting a 2.2 per cent year-on-year rise and reinforcing the growing importance of remittances in Kenya’s external earnings.

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