Remittances grow 9.26 per cent to Sh17bn in August

Central Bank of Kenya. FILE PHOTO | NMG

Kenyans abroad have kept cash remittances healthy with money sent home growing 9.26 per cent in August this year compared with a month earlier.

Monthly data released by the Central Bank of Kenya (CBK) shows that diaspora remittances reached $166.4 million (about Sh17.18 billion) in August compared with $152.3 million (about Sh15.72 billion) in July this year.

PAYE Tax Calculator

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