K
Originally published by Kenyans
📰 Read Full Article
top
August 10, 2025
3d ago

Gachagua Warns Kenyans Over CBK's Diaspora Remittance Survey

Gachagua Warns Kenyans Over CBK's Diaspora Remittance Survey

CBK announced a nationwide survey last week...

✨ Key Highlights

Deputy President Rigathi Gachagua, while touring the United States, has urged Kenyans in the diaspora to reject the Central Bank of Kenya's (CBK) proposed household survey on remittance inflows. He warned that this survey, which he deems "ill-intended" and "intrusive," could lead to additional taxes on remittances.

  • Gachagua criticized President William Ruto for allegedly directing the CBK to conduct the survey.
  • The CBK launched the Remittances Household Survey (RHS) to gather detailed information on international remittances received by Kenyan households.
  • In 2024, Kenya recorded remittances worth Ksh666.7 billion, representing 4 per cent of the country’s GDP.
  • Gachagua promised that a future government led by his party would introduce a diaspora infrastructure bond to enable Kenyans abroad to invest their remittances.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article