Kenya: Kenyan Diaspora Sends Ksh156 Billion in Q1 2024, Boosting Economy

The Central Bank of Kenya has revealed a significant surge in remittance inflows from the Kenyan diaspora, offering a crucial lifeline to household incomes and providing a substantial boost to the national economy. 

The Quarterly Economic Review Q1 2024 report highlighted key trends and impacts of these remittances, underscoring their growing importance in Kenya’s economic landscape.

In the first quarter of 2024, remittance inflows reached an unprecedented high, totalling Ksh156 billion.