Diaspora inflows fall by Sh7.4 billion in just one month

Kenyans living and working abroad sent home Sh23.3b, down from Sh30.6b previously

The money sent by Kenyans living and working abroad fell by $71 million (Sh7.4 billion) in just one month following the end of an amnesty for the return of taxable foreign earnings.

Fresh data published by the Central Bank of Kenya (CBK) shows that diaspora inflows in July amounted to $224 million (Sh23.3 billion), down from $295 million (Sh30.6 billion) recorded in June, which was a 24 per cent fall.