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Tag: Diaspora Remittances

USA Leads In Top 10 sources of Diaspora Remittances To Kenya

USA Leads In Top 10 sources of Diaspora Remittances To Kenya: If you asked the average Kenyan to name the country’s leading sources of forex, you would hear mention of tourism, tea, or horticultural exports. Few would mention

2021 Kenyan Diaspora Remittances to Surpass 2020 Total by $3 billion

2021 Kenyan Diaspora Remittances to Surpass 2020 Total by $3 billion:

Diaspora Remittances: Kenya Shilling Hits Year High Against Dollar

Diaspora Remittances: Kenya Shilling Hits A Year High Against US Dollar. Kenya’s currency strengthened to a 14-month high against the dollar buoyed by steady forex inflows largely diaspora remittances and foreign investors

Safaricom Now Controls Half All Cash Kenyans Abroad Send Home

Safaricom Now Controls Half All Cash Kenyans Abroad Send Home: Kenya’s Safaricom, now controls 50 percent of all cash Kenyans abroad send home through its M-pesa Global which cumulatively,

Rethinking Remittances: Redirecting Diaspora Remittances to Sound Investment Choices

Rethinking Remittances: Redirecting Diaspora Remittances to Sound Investment Choices: Remittances have been one of the most important contribution by the diaspora to their respective countries. Globally, this could be ranked as an individual industry

Kenyan Diaspora Inflows Grow To Record Sh26.8bn In June

Diaspora remittances rose 72 per cent in June to a record Sh26.8 billion ($266.2 million) compared to a similar month last year, reflecting lower costs of remitting money and the effect of the tax amnesty for remitting assets stashed abroad.

Kenya Banking On Diaspora Remittances To Boost Growth

Various stories abound of Kenyans in the Diaspora who made elaborate plans to invest back home, and, trusting in relatives or friends to get the job done, ended up ruing the day they made that decision

Diaspora remittances set new record of Sh64.3 billion

Kenyans abroad sent home a record $641.5 million (Sh64.3 billion) in the first three months of the year, in part reflecting the impact of growing investment products targeting the diaspora.

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