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Kenyans in US push remittances to Sh19.2bn

Monday, December 04, 2017 — updated on December 26, 2020 - 2 min read

Diaspora remittances hit a record high of Sh19.2 billion ($185 million) in October, driven by higher inflows from Kenyans in the US who are now on average sending home more than Sh10 billion a month.. FILE PHOTO |

By Charles Mwaniki

Business Reporter

Nation Media Group

Diaspora remittances hit a record high of Sh19.2 billion ($185 million) in October, driven by higher inflows from Kenyans in the US who are now on average sending home more than Sh10 billion a month.

Fresh data from the Central Bank of Kenya (CBK) shows the inflows rose 5.3 per cent compared to September’s Sh18.2 billion ($176.9 million).