The latest downturn mirrors the 2023 decline, when remittances in the review period contracted 1.8 percent as elevated global inflation, driven by post-pandemic supply chain disruptions and...
By
Constant Munda
Correspondent
Nation Media Group
Kenyans living and working abroad cut the amount of money sent back home by $29.1 million (about Sh3.77 billion) in the first five months of 2026, marking the first drop since 2023.
Declining diaspora remittances, driven by global conflict, inflation and job losses abroad, are squeezing Kenyan households…
A decline in diaspora remittances, driven by Middle East conflict and rising living costs abroad, is deepening financial pressure…
Rather than remitting money to family members to invest on their behalf, many diaspora clients pay developers directly through…
The findings reveal that millions of shillings are reaching households through informal channels outside the banking system
Rather than remitting money to family members to invest on their behalf, many diaspora clients pay developers directly through…
CBK 2025 report shows Sh931.8bn remittances into Kenya, mostly cash, with gender, education and migration ties shaping how money…
