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Trump levy cuts US remittances to five-year low
Data from the CBK shows that January’s performance figure was not only a steep year-on-year drop but also the weakest since 2021, when inflows stood at $169.8 million at the height of Covid pandemic-era disruptions.
Remittances sent to Kenya from the United States posted a rare double-digit fall in January, dropping to their lowest level in five years as the impact of tax on outbound transfers by President Donald Trump’s administration began to bite.
Latest official data shows that the inflows declined to $194.1 million (Sh25.1 billion) in January 2026, marking a 14.7 percent contraction from $227.5 million (Sh29.4 billion) in the same month last year.
