Kenya: Monthly Remittances Rise to Historical High in May

Monthly remittances from Kenyans living and working abroad clocked a historical high in May, according to Central Bank's 11-year data released yesterday.

The amount sent home by the diaspora totalled to $119.66 million (Sh10.5 billion) in the month, a 5.5 per cent increase over April's $113.41 million (Sh9.96 billion). Hitherto, March remittances held the all- time record at $119.59 million.

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