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Diaspora Remittance remains a key source of foreign exchange inflow into the country

06, Jul 2015

Diaspora Remittance remains a key source of foreign exchange inflow into the country. But as regulated as the sector is, an estimated eight billion shillings annually cannot be accounted for from formal channels. This is casting a light into the world of money remittance providers, who in April saw 13 providers have their licenses suspended over ties with terror group Al Shabab. And as Philp Keitany reports, players now want the government to crackdown on those unofficially operating remittance businesses.

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