Diaspora cash inflows increases; CBK report

The weekly bulletin indicates that total diaspora cash inflows increased in December compared to November 2018. [Photo: Courtesy]

Central Bank of Kenya weekly bulletin has reported that total cash inflows from foreign countries increased by 39 percent to Sh274.37 billion in relation to Sh198.07 billion in 2017.

“North America, Europe and the rest of the world accounted for 45 percent, 32 percent and 23 percent, respectively, of the total remittances in December 2018,” CBK report said.