Kenyans living and working abroad sent home $2 billion (Sh258.9 billion at current conversion rates) during the first five months of the year, marking an 18.9 percent jump from the inflows recorded during a similar period last year on the back of easing inflationary pressures in developed economies.
Latest data from the Central Bank of Kenya (CBK) shows that Kenyans living in the diaspora remitted $404.4 million (Sh52.4 billion) in May to add onto the cumulative $1.6 billion (Sh207.2 billion) sent home during the four months to April.
