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Kenya Diaspora Remittances Fall 5.9% in April After Record March Peak

Kenya's diaspora remittances dropped to USD 397.78 million (KSh 51.39 billion) in April 2026, falling 5.9% year-on-year and retreating 11.7% from the all-time high of USD 450.29 million set in March. The pullback was bro

5 days ago4 min read0 views

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Business

Kenya's Diaspora Remittances Hit Record KSh 58 Billion in March Despite Gulf Headwinds

Kenyan diaspora sent home a record KSh 58.12 billion in March 2026, even as Saudi Arabia's new 15% VAT on money transfers and work permit reforms disrupted flows from the Gulf. The Central Bank has cut its 2026 forecast

4 months ago2 min read0 views