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Monday, July 15, 2024
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Tag: Diaspora Remittances

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.

Kenyans in US push remittances to Sh19.2bn

Diaspora remittances hit a record high of Sh19.2 billion ($185 million) in October, driven by higher inflows from Kenyans in the US who are...

Diaspora remittances rise by Sh12bn in 2015

Kenyans abroad sent home Sh12 billion more in 2015 lifting total remittances to Sh156 billion. According to data from the central bank, remittance inflows through...

Diaspora Remittances Down In September

Money flowing in from Europe went up by 29.1 per cent in September as overall diaspora remittances declined by more Sh460 million.

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