Diaspora inflows rise 5.35pc to hit Sh107.45bn in July

Diaspora money key to shilling’s stability. FILE PHOTO | NMG

Kenyans abroad remitted Sh107.45 billion in the seven months to July, a 5.35 per cent jump compared to a similar period last year, new data by the Central Bank of Kenya (CBK) shows.

The performance cements the position of Kenyans living abroad as the country’s top foreign exchange earner ahead of tea exports, tourism, horticulture and coffee.  

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