Kenyan diaspora remittances, totaling Sh931.8 billion annually, are not solely funneled into real estate as previously assumed. A new report reveals a more intricate pattern of how these funds are utilized and by whom they are received.

• While real estate investment is not among the top 10 uses of remittances, individuals employed in the financial and insurance sectors are the leading recipients of diaspora inflows, followed by those in the real estate sector.
• The Central Bank of Kenya (indicated by the Standard newspaper article) is implicitly involved as the source of the remittance data.
• The report highlights a complex and nuanced relationship between diaspora remittances and the Kenyan economy beyond simple cause and effect.