Diaspora flows up to November grow 40pc

Average monthly remittances have been more than Sh21 billion. FILE PHOTO | NMG

Kenyans working and living abroad sent home Sh251 billion in the 11 months to November 2018, translating to a 40.7 per cent increase over the Sh178.6 billion sent a similar period the previous year and underlining the growing importance of the inflows to the economy.

Data from the Central Bank of Kenya (CBK) showed that in November alone, diaspora remittances hit $220 million (Sh22.5 billion), being the highest month-on-month since May 2018.

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