Diaspora Cash

Safaricom is set to sign a partnership deal with a US-based online payments and cash remittances company that could see it earn lucrative commissions from the multi-billion shilling remittances sent home every year by Kenyans in the…

The African Union has settled on Nairobi to host its remittances advisory unit as governments look to encourage emigrants to send money back by making transfers more affordable. In a statement issued from its headquarters on…

Equity and Co-operative banks rode on their large presence in retail banking market to gain control of the diaspora remittances, according to the latest Central Bank of Kenya data. Each of the two banks handled Sh1.1 billion or 12.3 per…