Money from Kenyans abroad dips for first time in 13 years

Cash sent home by Kenyans living and working abroad in the three months to March fell for the first time since 2010 as inflation hit multi-decade highs in many countries, squeezing household budgets.

Remittances dropped to $1.016 billion (Sh137.4 billion) in the quarter to March from $1.024 billion (Sh138.5 billion) in the same period last year, Central Bank of Kenya (CBK) data shows.