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August 17, 2025
4d ago

How Govt is Reaping Big From Kenyans Abroad

How Govt is Reaping Big From Kenyans Abroad

This has helped maintain the stability of the shilling...

✨ Key Highlights

Kenyans abroad sent home a record USD5.08 billion (Ksh656.9 billion) in the 12 months to July 2025, marking an 11.1 per cent increase from the previous year. These remittances are a crucial source of foreign exchange for Kenya, supporting the country's economy.

  • Remittances for the 12 months to July 2025 totaled USD5.08 billion, up from USD4.57 billion in the same period in 2024.
  • The Central Bank of Kenya (CBK) highlighted remittances as a reliable source of foreign exchange, bolstering Kenya's balance of payments and foreign exchange reserves.
  • Kenya's foreign exchange reserves stood at USD11.1 billion as of mid-August, covering 4.9 months of imports, exceeding the statutory four-month threshold.

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