Diaspora remittances grow by Sh69bn in nine months

Since 2015, remittances from abroad have remained the largest source of foreign cash flows into the country.

Photo credit: Pool

Money sent home by Kenyans living and working abroad grew by Sh68.8 billion, during the first nine months of this year, compared to a similar period last year.

This represents a 17.2 percent jump to hit $3.639 billion (Sh469.4 billion at current conversion rates) up from $3.106 billion (Sh400.7 billion) last year.

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