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Kenyans abroad sent home $1.42b to support shilling

BUSINESS

At Sh14.7 billion a month, higher diaspora remittances are the single largest contributor to foreign exchange ahead of major exports such as tea and tourism. Money from abroad is crucial in cushioning the shilling from dollar pressure currently being driven by demand for payment of month-end import bills.

Kenyans abroad sent home $1.42b to support shilling

By Otiato Guguyu | 4 years ago

Kenyans abroad want constituency

Kenyans abroad want constituency

Kenyans living abroad have called for the creation of an “abroad constituency” in the new constitution.

| 11 years ago

America, no place for a good wife

John Kimeo’s eyes are heavy with sleep. A security guard with Roy Clark Security, Kimeo is at Mzalendo Store, Jersey City, to cash his bi-weekly paycheque and send the money to his wife, Mwende, and four children who live in Kenya.

| 12 years ago

Remittances from abroad drop by 36.5 per cent

Kenyans abroad remitted Sh3.1 billion ($39.5 million) last month, data from Central Bank of Kenya show. This represented a 36.5 per cent drop compared to more than Sh4 billion ($53.9 million) remitted in January last year.

| 12 years ago

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