Kenyans living and working abroad sent home a total of $1.2 billion (Sh158 billion) during the first three months of this year, marking an 18.8 percent jump from the inflows recorded during a similar period of 2023, on the back of easing inflationary pressure in developed economies.
Data from the Central Bank of Kenya (CBK) shows that Kenyans abroad remitted $412.4 million (Sh53.8 billion) back home in January—the highest in a month so far this year, followed by $407.8 million (Sh53.2 billion) in March and $385.9 million (ShSh50.3 billion) for February.
