Kenya remittances jump by nearly half in Feb to hit Sh21bn

Remittances by Kenyans living abroad jumped by nearly one-half in February to hit a new monthly high of Sh21.25 billion ($210.36 million), driven by increased inflows from the US.

Fresh data from the Central Bank of Kenya (CBK) shows the cash rose 47.45 per cent compared to Sh14.41 billion ($142.665 million) a year earlier, a new record set for the third month in a row.