Kenyan Shilling Ends The Week At Ksh 126.7 To The Dollar Catapulted By Diaspora Remittances
Market News
The Kenya Shilling appreciated against the US Dollar by 0.1 percent, to close at 128.6 shillings from 128.7 shillings recorded
Market News
The Kenya Shilling appreciated against the US Dollar by 0.1 percent, to close at 128.6 shillings from 128.7 shillings recorded
Market News
As of November 2023, the cumulative diaspora remittances stood at USD 3.82bn, a 4.0% increase from USD 3.67bn recorded over
Investment
LemFi, a cross-border payment solution that enables the diaspora community to send and receive money back home today formally launched
Investment
Kenya, like many other African nations, is highly reliant on diaspora remittance to prop up its economy. Money sent home
Market News
The amount of money sent by Kenyans living abroad back to their families and friends in Kenya for the three
By Juma
·Entrepreneur's Corner
In 2021, remittance inflows to Kenya reached an all-time record of USD 3.71 billion, an increase of more than ten
Investment
Diaspora remittances are an important contributor to the country’s growth and development. Remittances are Kenya’s largest source of foreign exchange
Government and Policy
Latest data from the Central Bank of Kenya (CBK) has revealed that diaspora remittances to Kenya in August 2021 stood
Market News
The Central Bank of Kenya reported a 21.6 percent y/y jump in diaspora remittance to USD 336.7Mn in July. This
Market News
If you asked the average Kenyan to name the country’s leading sources of forex, you would hear mention of tourism,