Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenyans outside US, Europe lift October remittances to record Sh56bn
Remittances from Kenyans living and working abroad have averaged $3.56 billion in the last five years, growing by four percent last year to hit $4.19 billion, according CBK data.
Kenyans living and working abroad sent home $437.2 million (Sh56.2 billion) in October, marking a new record in a single month, fueled by residents outside US and Europe.
Data from the Central Bank of Kenya (CBK) shows the diaspora remittances rose from $418.5 million (Sh53.7 billion) recorded in the previous month.
