Diaspora Remittances Hit Ksh58 Billion in March as Inflows Surge 9%
Kenyan Shilling closed the week trading at Ksh129.18 against the U.S. dollar despite the fuel increases and global pressures over the last five days...
✨ Key Highlights
Kenyan diaspora remittances in March 2026 reached a record Ksh58.15 billion, a significant 9.1% increase from the previous month, indicating robust foreign exchange inflows.
- The monthly remittance figure of Ksh58.15 billion (USD 450.3 million) marks the highest for 2026 so far.
- The Central Bank of Kenya (CBK) attributes the surge to factors including the strengthening of the Kenyan shilling against the U.S. dollar.
- These inflows are crucial for supporting the country's balance of payments, especially as foreign exchange reserves experience a gradual decline.
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