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HomeDaily NewsMonday, March 23, 2026Kenya remittances drop Sh21.6bn in March - March 2026
Business & Economy3 stories from 1 sources

Kenya remittances drop Sh21.6bn in March - March 2026

Money sent home by Kenyans abroad experienced a significant drop of Sh21.6 billion as of March 16, 2026, according to new data released by the Central Bank of Kenya. Kenya's increasing reliance on domestic borrowing, now exceeding 54 percent of its total public debt, is sparking debate about its impact on the economy. The government's strategy shifts capital away from private sector growth, raising concerns about sustainability and governance. Separately, Kenya's insurance sector is experiencing significant growth in premium volumes and assets, but faces a critical challenge in public confidence due to opaque and slow claims processes.

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Monday 10:16 AMCapital BusinessFirst

Kenya remittances drop Sh21.6bn in March

Kenya remittances drop Sh21.6bn in March

Money sent home by Kenyans abroad experienced a significant drop of Sh21.6 billion as of March 16, 2026, according to new data released by the Central Bank of Kenya (CBK).

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Key Highlights

Money sent home by Kenyans abroad experienced a significant drop of Sh21.6 billion as of March 16, 2026, according to new data released by the Central Bank of Kenya (CBK).

  • Remittance inflows stood at Sh1.85 trillion, a decrease from Sh1.87 trillion in the same period last year.
  • The Central Bank of Kenya (CBK), indicated that foreign exchange reserves remain stable at USD 14,294 million (6.1 months of import cover).
  • Recent support for reserves comes from a Eurobond issuance, which raised approximately Sh290.3 billion in February.
Monday 11:33 AMCapital Business

Kenya’s insurance industry faces Its claims moment

Kenya’s insurance industry faces Its claims moment

Kenya's insurance sector is experiencing significant growth in premium volumes and assets, but faces a critical challenge in public confidence due to opaque and slow claims processes.

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Key Highlights

Kenya's insurance sector is experiencing significant growth in premium volumes and assets, but faces a critical challenge in public confidence due to opaque and slow claims processes.

  • Industry assets surpassed KES 1 trillion for the first time, with premium volumes reaching KES 352.29 billion by Q3 2025.
  • The inaugural claims conference by Minet highlighted the disconnect between digital innovation in sales and manual inefficiencies in claims handling.
  • Customers increasingly demand transparency and clear explanations for claim outcomes, not just speed.
Monday 11:45 AMCapital Business

Kenya’s domestic borrowing: Strategic shield or economic stranglehold?

Kenya’s domestic borrowing: Strategic shield or economic stranglehold?

Kenya's increasing reliance on domestic borrowing, now exceeding 54 percent of its total public debt, is sparking debate about its impact on the economy. The government's strategy shifts capital away from private sector growth, raising concerns about sustainability and governance.

Read Story

Key Highlights

Kenya's increasing reliance on domestic borrowing, now exceeding 54 percent of its total public debt, is sparking debate about its impact on the economy. The government's strategy shifts capital away from private sector growth, raising concerns about sustainability and governance.

  • Domestic debt now constitutes over 54% of Kenya's total public debt, estimated at Sh11.8 trillion as of June 2025.
  • The Institute of Public Finance (IPF) is a key organization analyzing this trend.
  • Domestic borrowing is significantly more expensive, with an average interest rate of around 12%, compared to concessional external loans, and risks "crowding out" private sector investment.
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