Diaspora remittances hit Sh122bn in four months

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Central Bank of Kenya. FILE PHOTO | NMG

Kenyans living and working abroad sent home Sh122.69 billion ($1.13 billion) in four months to April, defying the economic weigh-down of the coronavirus pandemic that continues to be felt globally.

The inflows rose for the second consecutive month to hit Sh32.53 billion (299.3 million) in April, helping to propel cumulative four-month inflows by 23.3 percent above the Sh93.37 billion that was received in a similar period last year.

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