THE STANDARD
MONEY & CAREERS
Central Bank of Kenya Headquarter in Nairobi (PHOTO: FILE)
NAIROBI, KENYA: Kenyans abroad sent more money back home last month compared to the same month last year, the latest data by the Central Bank of Kenya reveals.
Remittances in March 2021 amounted to Sh31.2 billion (US$290.8 million), compared to Sh24.5 billion (USD 228.8 million) in March 2020, an increase of 27.1 per cent.
The US remains the largest source of inflows, accounting for 55.9 per cent of remittances in March 2021. The other top source countries were the United Kingdom (11.2 per cent), Saudi Arabia (4.0 per cent), Canada (2.9 per cent), and Australia (2.9 per cent).
Remittances in March increases to Sh31 2 billion
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Remittances in March increase to Sh31 2 billion
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.