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Diaspora remittances increase by Sh22.6bn as US policy risks loom
The 1 percent tax taking effect in 2026 affects all individuals sending money abroad from the US, regardless of whether they are American citizens, green card holders, or visa holders.
Money sent home by Kenyans in the diaspora rose by Sh22.6 billion in the year to November, as a new one percent tax on US remittances taking effect in January 2026 casts uncertainty over future inflows from Kenya’s biggest source of foreign transfers.
Kenyans abroad sent $5,047 million (Sh650.2 billion), a 3.6 percent increase from $4,872 million (Sh627.6 billion) sent in the 12 months to November 2024, according to new data from the Central Bank of Kenya (CBK).
