Reducing Cost of Transferring Remittances Top on CBK’s Agenda
Diaspora remittance flows to Kenya increased by 10 per cent, from US$2,796 million in 2019 to US$3,095 million in 2020, and the Central Bank says it expects another ‘record year”. CBK projects that remittances will rise to about $3.4 billion this year, from $3.09 billion in 2020. Remittances were also strong at $337.4 million in … Continue reading Reducing Cost of Transferring Remittances Top on CBK’s Agenda
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