Remittances by Kenyans living and working abroad grows by 20.3 percent

Central Bank of Kenya latest data shows that Kenyans working and living abroad sent home Ksh33.1 billion in June, with the US remaining the largest source of the inflows into the country.

The amount is about six per cent more when compared to the Ksh31.2 billion sent home in the same  month last year.

The cumulative inflows in the 12 months to June 2021 totaled KSh365.6 billion, a 20.3 per cent jump compared to Ksh.303.9 billion same period in 2020.

Other significant source markets include the UK, Germany, and Canada. Gulf states such as Saudi Arabia, United Arab Emirates, Qatar, and Bahrain have also emerged as important drivers of remittances.

This is in line with the growing number of Kenyans immigrating to these countries in search of jobs.

Tanzania, Uganda, and South Africa lead as the top African source markets for remittance inflows into Kenya.

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