Kenya’s foreign monthly cash transfers increase

The report indicates that the monthly inflows increased to USD212 million in 12 months to August 2018 from USD150 million in 2017 under the same period marking a 41.3 percent growth. [Photo: Courtesy]

 

Data from the Central bank of Kenya records that Kenyan’s abroad sent home USD 215.6(Sh21.6 billion) in August presenting a total amount of foreign remittances to USD2.5 billion (Sh255 billion) yearly.