Kenya’s diaspora remittances rose by 20 percent in the nine months to September compared to the corresponding period of last year, underlining the resilience of these inflows at a time when the global economy is still recovering from the Covid-led contraction of 2020.
Data from the Central Bank of Kenya (CBK) shows that the remittances for the period stood at $2.71 billion (Sh301 billion), up from $2.27 billion (Sh252.5 billion) in the nine months to September 2020.
