Remittances by Kenyans living abroad rose 50 per cent in the first four months of the year compared to a similar period in 2017, cementing the inflows’ position as the leading source of foreign exchange in the country.
Latest Central Bank of Kenya (CBK) data show the cumulative inflows in the four months to April stood at Sh86.7 billion ($858.6 million), compared to Sh57.7 billion ($571.2 million) in a similar period in 2017, with the increase mainly backed by huge growth in the dominant North American remittances.
