Kenya is facing its first annual decline in diaspora remittances in 17 years, with flows falling by Sh9 billion in the first seven months of the year.

• Total remittances for the first seven months reached Sh368.75 billion.
• The Central Bank of Kenya (CBK) has revised its full-year projection downwards.
• Global economic shocks, including inflation and the war in the Middle East, along with stricter labor laws in Saudi Arabia, are cited as primary reasons for the decline.