Business

Kenyan diaspora remit $1.2 billion in first quarter of the year 

Kenyans living and working abroad sent home a total of $1.2 billion in the first three months of the year.


This marks an 18.8% increase from the total amount remitted in the first quarter of 2023.  


According to the East African, Data from the Central Bank of Kenya (CBK) showed that Kenyans living abroad remitted in descending order $412.4 million (Ksh53.8 billion) back home in January followed by $407.8 million (Ksh53.2 billion) in March and $385.9 million (KshSh50.3 billion) for February.