North America now accounts for two-thirds of all diaspora remittances into Kenya, taking a larger market share at a time when money sent home from Europe has dropped to a 13-month low.
New data from the Central Bank of Kenya (CBK) on remittances by source country shows that the Americas accounted for 67 percent of the remittances sent home in October, up from 51 percent in February 2019, the earliest date available for the breakdown.
