Kenyans abroad fuel economy as inflows hit Sh584b in 12 months

The shilling is currently trading at an exchange rate of Sh135 to the dollar. [Elvis Ogina, Standard]

Kenyans working and living abroad sent home a record Sh52 billion last month, official data shows.

The money sent home was 24.8 per cent higher than the Sh41 billion sent a year before in 2023 according to the weekly Central Bank of Kenya (CBK) weekly bulletin.