Kenyans in the diaspora sent home $244 million (Sh24.82 billion) in December Alone!

willyTrinidad

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Jul 14, 2018
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Diaspora inflows hit Sh274 billion
Jan. 21, 2019, 12:30 am


By CYNTHIA ILAKO @ladykanyali


A currency dealer counts Kenya shillings at a money exchange counter in Nairobi/file


Kenyans in the diaspora sent home $244 million (Sh24.82 billion) last month, data by the Central Bank has shown. This was 10.75 per cent more that remittance reported in November at Sh22.41 billion.
“North America, Europe and the rest of the world accounted for 45 percent, 32 percent and 23 percent, respectively, of the total remittances in December 2018,” CBK said in their weekly bulletin.

Although remittances have in the past gone up significantly in December compared to the the other 11 months of the year CBK data shows foreign cash inflows hit the highest point in June and May at Sh27.11 billion and Sh25.81 billion respectively.
The lowest recorded diaspora inflows in 2018 were in September when Kenyans living abroad sent home Sh20.89 billion.
The cumulative foreign cash inflows for 2018 grew 39 per cent to Sh274.37 billion compared to Sh198.07 billion in 2017.
The growth has been driven by a better global economic outlook and the tax amnesty on remittance imposed by the Kenya Revenue Authority last year.
Diaspora inflows have stood as Kenya’s leading foreign exchange earner since 2015.
 

Janerose mzalendo

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Oct 4, 2018
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Acheni masikhara bana
$244000000×2290=558,760,000,000.
Andika tarakimu kwa maneno.
Bilioni tano nukta saba.
Pesa za tz si baya vileee
 

Padri Mcharo

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Feb 28, 2015
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Wanaogopa kurudi kenya kwa sababu wanajua Al shabaab wazee wa kazi muda wowote wanakiwasha.
Na mtawakoma tu
 

willyTrinidad

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Jul 14, 2018
405
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Wanaogopa kurudi kenya kwa sababu wanajua Al shabaab wazee wa kazi muda wowote wanakiwasha.
Na mtawakoma tu
Nimetazama post zako chache & I thank God for your stupidity...
Man you must be extremely stupid to sympathize with terrorists online, you are putting a huge target on your back 🎯. By now najua serikali zote hata ya Tz iko radar kwa mtandao, watakufuata mpaka Kwako mlangoni 😂
Endelea
 

Geza Ulole

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Oct 31, 2009
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Kwa kifupi, hizo ni kiasi sawa na pesa ambazo Barrick waliahidi Tz baada ya kuwatafuna madini kwa miaka yote.

Hongera diaspora wetu, sio wabeba mabox na wazamiaji.
Barick gold promised $300mln plus 16% shareholding to GoT. Right now they r paying more royalties plus more projects to CSR.
 

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