Diaspora inflows hit Sh67bn in quarter one

Signage for banking and money transfer services in Nairobi city centre. Remittances have remained strong in the recent past. FILE PHOTO | NMG

Kenyans living and working abroad sent home Sh67.16 billion in the first three months of the year, underlining the dependability of the inflows and importance to the economy.

The inflows rose 11.4 per cent to $221 million (Sh22.32 billion) in March from $199 million (Sh20.11 billion) in February, helping to propel first quarter remittances above Sh64.79 billion that was sent during the first quarter of last year.

PAYE Tax Calculator

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