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CBK sees diaspora remittances reaching Sh676bn in 2026

Central Bank of Kenya (CBK) Governor Kamau Thugge appears before the Senate Committee on Devolution and Intergovernmental Relations, chaired by Senator Mohamed Abass Sheikh at Bunge Tower, Nairobi on July 24, 2025.

Photo credit: File | Nation Media Group

By  Charles Mwaniki

Business Reporter

Nation Media Group

The Central Bank of Kenya (CBK) is expecting diaspora remittances to grow by four percent to $5.24 billion (Sh676 billion) this year, backed by a recovery in inflows from Saudi Arabia, where labour policy changes caused a sharp drop in volumes last year.

The growth in cash sent by Kenyans abroad stood at 1.9 percent in 2025 to reach $5.04 billion (Sh650 billion)—compared to a growth of 18 percent in 2024.

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