Kenya diaspora remittances record slower 2.2pc growth in first quarter

The US accounts for the largest portion of diaspora remittances into Kenya, with its contribution standing at 53 percent as of last month.

Photo credit: Pool

Kenyans living and working abroad sent home $1.23 billion (Sh159.5 billion) during the first three months of this year, marking a slower growth rate of 2.2 percent compared to the pace recorded during a similar period last year when the inflows jumped 18.8 percent to $1.21 billion (Sh156.9 billion).

The slowed growth coincided with the assumption of office of US President Donald Trump who came in with a raft of radical anti-immigrant policies, completely laden with threats of mass deportation.

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