Remittances and the Economic Crisis in Africa
Remittance inflows to sub-Saharan Africa in 2019 stood at US$46 billion and were projected to increase to US$65 billion in
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Kenya
Remittances from Kenyans Reach All-Time High
Kenyans living and working in North America defied the Covid-19 pandemic to send home a whopping $145.95 million (Sh15.7 billion)
Read moreDiaspora remittances hit a new monthly record
Kenyans abroad made record monthly remittances in May consolidating the inflows’ position as the highest foreign exchange source ahead of
Read moreRemittances from Europe drop as Brexit jitters hit
Money sent by Kenyans living in Europe reduced by 6.3 per cent last month as the decision by Britain to
Read moreKenya’s diaspora remittances sees an 8.4 per cent surge
East Africa’s economic giant, Kenya, has seen an 8.4 per cent surge in diaspora remittances.
Diaspora remittances to Kenya rose to 1.54 billion US dollars in 2015 up from 1.43 billion US dollars in 2014.
Ethiopia’s Diaspora Remittances Growing
The World Bank says remittance flows to Kenya and Ethiopia from the diaspora has significantly increased compared to the rest of Sub-Saharan Africa.
The Central Bank of Kenya says the 12-month cumulative inflows from the diaspora to August increased by more than 9 % to 1.5 million dollars, from the 1 million dollars it recorded in the same period last year.
Read moreKenya: Eurozone Crisis Eats Into Diaspora Remittances
The Eurozone financial crisis affected diaspora remittances in September which dropped 2.4 per cent to $93.6 million (Sh8 billion) from $94.8 million (8.1 billion) in August,
Read moreKenya remittances rise 43 pct yr/yr in July: cbank
Remittances from Kenyans living abroad rose 43 percent year on year in July but fell from June, central bank data showed on Tuesday.
Read moreKenya’s Diaspora Remittances On The Rise
VENTURES AFRICA – Kenya’s Diaspora remittances has hit an average of 7.5 billion shillings ($89 million) every month making it a key source of foreign exchange alongside tea,
Read moreKenya remittances rise 38 pct yr/yr in June – cbank
NAIROBI Aug 2 (Reuters) – Remittances from Kenyans abroad rose 38 percent to $99.5 million in June compared with the same month a year ago,
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