Remittances slide under Trump policies

Central Bank of Kenya report shows that remittances dropped to Sh56.17 billion in December 2025, down from Sh57.45 billion in December 2024...

✨ Key Highlights

Remittance inflows to Kenya fell for the second consecutive month in December 2025, according to data from the Central Bank of Kenya (CBK), raising concerns that US President Donald Trump's immigration and tax policies are impacting diaspora funds.

Remittances dropped to $435.5 million (Sh56.17 billion) in December 2025, a 2.2 percent decline from December 2024.
The United States is the largest source of remittances to Kenya, with Trump's "One Big Beautiful Bill Act" imposing a one percent tax on cash-based remittances.
The decline comes during a traditionally high-sending period and could complicate President William Ruto's plan to boost remittances through overseas jobs, despite Kenya's foreign exchange reserves standing at $12.48 billion.

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