Cash inflows wired by Kenyans living and working in Australia jumped 71.1 percent during the first three months of this year to hit $56.03 million up from $32.7 million in a similar period last year, at a time the overall remittances grew 2.2 percent to $1.23 billion (Sh158.9 billion).
Official data from the Central Bank of Kenya (CBK) indicates that during the period under review, Australia’s inflows were the fastest growing among Kenya’s top five sources, with UK’s dipping at the steepest pace of 30.2 percent to $78.4 million down from $112.4 million in the first quarter of last year.
