US remittance dip wipes out gains from Europe, Asia and Africa

The new US levy took effect on January 1, raising the cost of transferring money for millions of migrants, including Kenyans working in America.

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Overall growth in the amount of cash sent home by Kenyans living and working abroad stalled in the nine months to September 2026, hit by a double-digit decline in inflows from the United States, which nearly wiped out all the gains recorded in other regions.

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Note: The results are not exact but very close to the actual.