Kenya is eyeing a growth of at least $503 million (Sh65.4 billion) in diaspora remittances this year compared to last year, riding on higher inflows from Europe and Asia as global economic prospects improve amid falling inflation.
The Central Bank of Kenya (CBK) is projecting a year-on-year growth of 12 percent in remittances this year, which would raise the total annual flow from $4.19 billion (Sh544.7 billion) in 2023 to $4.69 billion (Sh610 billion) in 2024.
