Remittances hit record high of Sh30.5 billion for January

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Central Bank of Kenya. FILE PHOTO | NMG

Kenyans living abroad sent home Sh30.5 billion ($278.4) last month, a record high for January as they shrugged off the economic impact of the Covid-19 pandemic in source countries.

Central Bank of Kenya (CBK) data shows that diaspora remittances in January grew 7.3 percent from Sh28.4 billion ($259.4 million) that was sent home in January 2020.

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