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World Bank says diaspora remittances to Kenya to grow at slow rate

Photo:Courtesy

The amount of money sent into the country by Kenyans working abroad is set to grow at a slower rate to reach Sh185 billion in 2017.

The World Bank projects that diaspora remittances will grow 4 per cent by end of this year, which will be the slowest annual growth in more than five years. However, total receipts are expected to touch an all-time high.

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