Remittances by Kenyans in the Diaspora declined by 3.2 per cent in June 2022, the Central Bank said. According to…
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A weak shilling increases the cost of imports as more local currency units are now needed to exchange for the hard currencies used in the international markets.
The Kenya shilling in April slumped to an all-time low exchanging at 115.8 units against the dollar on increased dollar…
Kenya, East Africa’s largest recipient of remittances, received USD 3,718 million (Ksh.421.6 billion) in 2021 with the United States being…
Diaspora remittance flows to Kenya increased by 10 per cent, from US$2,796 million in 2019 to US$3,095 million in 2020,…
The Kenyan shilling continued its slide a week before the Monetary policy Committee meets on November 29. The currency exchanged…