“The United States continues to be the largest source of remittances into Kenya, accounting for 58.8 percent of remittances in June 2021,” CBK notes in its Friday bulletin. The high volumes come as Kenyans in the diaspora continue to provide a crucial lifeline to the local economy. The largest source country for remittance inflows into Kenya was the US, accounting for 57.8 per cent or $182.6 million (Sh19.7 billion) of the total inflows. Gulf states such as Saudi Arabia, United Arab Emirates, Qatar, and Bahrain have also emerged as important drivers of remittances. Tanzania, Uganda, and South Africa lead as the top African source markets for remittance inflows into Kenya.

Source: The Star July 19, 2021 00:56 UTC