Search Results: Diaspora remittance (133)

Credit Bank has unveiled a joint partnership to tap into Kenya’s multi-billion-shilling diaspora market, as it looks to prop up…

Kenyans living in diaspora sent home KSh48 billion in March, a 15.5 per cent increase compared to the KSh41.6 billion…

Kenyans living abroad sent home KSh43.7 billion in January, a 3.2 per cent increase compared to the KSh42.4 billion sent…

Remittances represent an important source of foreign exchange and support many livelihoods.

The US remains the largest source of remittances into Kenya, accounting for 59 per cent of money sent back home in the month under review.

Diaspora remittances are part of Kenya’s largest foreign exchange earner, largely contributing to the country’s forex reserves to stabilise the shilling.