Kenya’s diaspora remittances have continued to grow with projections indicating a new record high for 2023 amid plans by the government to tap some of the money into capital market investments.
Figures from the Central Bank of Kenya (CBK) show that total money remitted in the 12 months to November 2023 hit a record $4.17 billion (Sh634 billion) up from $4.021 billion (Sh611 billion) in a similar period last year, rising 3.8 percent.
