Kenya remittances drop Sh21.6bn in March
The inflows stood at Sh1.85 trillion last week, down from Sh1.87 trillion recorded in a similar period in February. Kenya breaking news | Kenya news today |..
✨ 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.
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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.
