More families feel the pinch as diaspora inflows shrink

Shrinking diaspora remittances put pressure on Kenyan households. [File, Standard]

Hundreds of thousands of Kenyan households that depend on the money sent home from relatives abroad are facing a deepening financial crisis after diaspora remittances fell for a second consecutive month in May.

The dip is attributed to job losses in the Gulf and rising living costs for migrants caught in the ongoing Middle East conflict in countries including the United States.

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