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Kenya’s diaspora inflows from Tanzania overtake Saudi Arabia for first time
Data, which captures transfers through formal channels, show the flows from Kenyans in the Gulf country fell 28.7 percent from $16.30 million (Sh2.11 billion) a year earlier, while Tanzania’s jumped 72.3 percent from $6.80 million (Sh880.60 million).
Kenyans living and working in Tanzania sent more money home than their counterparts in Saudi Arabia for the first time in August, coinciding with new foreign-worker rules in the Gulf kingdom that disrupted earnings and cash transfers from one of Kenya’s biggest diaspora markets.
Cash sent home from Tanzania hit a record $11.72 million (about Sh1.52 billion) in August, Central Bank of Kenya (CBK) data shows, narrowly surpassing the $11.61 million (about Sh1.50 billion) sent from the Middle East economic powerhouse.
