Kenyan Diaspora Remittances Rose To $70.1 Million in April

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Money sent home from Kenyans living abroad increased 33 percent to $70.1 million in April from the year earlier as the economic recovery continued in Europe and North America, the central bank said.

Remittances to the East African nation surged to $266.5 million in the first four months of the year, compared with $196.5 million in the year-earlier period, the Nairobi-based Central Bank of Kenya said in a statement on its website today.

Kenya relied on North America for 56 percent of its remittances in April and Europe for 26 percent, it said. 

Source- http://www.bloomberg.com/news/2011-06-21/kenyan-remittances-rose-to-70-1-million-in-april-bank-says-1-.html 

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