Connect with us

Hi, what are you looking for?


Kenyans abroad sent home Sh32bn in April – CBK

NAIROBI, Kenya, May 18- Kenyans living abroad sent home Sh32 billion (USD 299.3 million) in April 2021, a new data show.

Data by the Central Bank of Kenya reveals that the inflows represent a 43.7 percent increase from remittance sent in April 2020 and 2.9 percent rise in March 2021.

“Remittance inflows increased to USD 299.3 million in April 2021, from USD 208.2 million in April 2020, representing a 43.7 percent increase and 2.9 percent higher than the remittances in March 2021,” said CBK in its weekly bulletin.

The cumulative inflows in the 12 months to March 2021 totalled USD 3,308 million compared to USD 2,801 million in the same period in 2020, an 18.1 percent increase.

The United States continues to be the largest source of remittances into Kenya, accounting for 57.2 percent of remittances in April 2021.

Diaspora inflows have remained Kenya’s largest source of foreign exchange since 2015.

In 2020, Kenyans abroad sent home Sh341 billion defying the pandemic odds.

1 Comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...