Kenyans abroad sent home Sh22.82 billion more last year compared to 2016, consolidating remittances’ position as top source of foreign exchange ahead of tea exports and tourist receipts.
Fresh data from Central Bank of Kenya (CBK) shows diaspora remittances hit an all-time high of Sh197.12 billion ($1.95 billion) in the 12 months through December, a 13.09 per cent growth over Sh174.30 billion the previous year.
