Diaspora inflows hit highest level in 13 years

The August figures are a 9.26 per cent improvement against a month earlier. FILE PHOTO | NMG

Dollar inflows from Kenyans in the diaspora have hit a 13-year high, which analysts attributed to the recovery of Developed World economies, raising average incomes of workers.

Diaspora remittances hit the new peak in August with the money sent home by Kenyans working abroad growing 9.26 per cent in the month compared to a month earlier.

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