Topic
All stories tagged Foreign Exchange.
Nigeria's monthly diaspora remittances have tripled from $200 million to $600 million in the past two months following Central Bank reforms, with Governor Yemi Cardoso targeting $1 billion per month by the end of 2026. T
Kenya's diaspora sent home a record $450.3 million in March 2026—the highest single month ever—before pulling back to $397.8 million in April as North American flows slowed and Gulf corridor uncertainties persisted. The
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
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