Kenyans in the Diaspora Send Home Sh18 Billion in September
The Central Bank of Kenya (CBK) says inflows from Kenyans in the Diaspora hit $176.098 million (Sh18.25 billion) in the month of September, an increase by over one-fifth compared to same period last year.
The remittances are Sh3.41 billion or 22.98 per cent more than $143.188 million (Sh14.84 billion) in the same month in 2016.
This was the second month is succession that Kenyans living and working abroad made a record return after $166.412 million (Sh17.25 billion) in August, which had outnumbered the previous record of $161.501 million (Sh16.74 billion) in May this year.
In total, the Kenya diaspora community sent home $1.382 billion (Sh143.30 billion) in nine months to September, $105 million (Sh10.88 billion) more than the same period the previous year.
The increased remittances continue to place the diaspora fraternity as the country’s top foreign exchange earner ahead of tea exports and tourism.
Kenyans in North America, largely in the US made the highest returns at 51.8 per cent or $86.3 million (Sh8.95 billion) of the diaspora remittances in August and closely followed by Europe with 33.4 per cent share while the rest of the world remitted 14.7 per cent.
“The remittances have been resilient. They have just been climbing, climbing, climbing. There’s a balanced (foreign exchange) market on the whole,” CBK Governor Dr Partrick Njoroge said on September 13th.
Comments (13)
This is the kind of news Trump would not like to hear...
Soon what will happen is that, you send 18million, 18million is deducted from funds chalked for Kenya.And so on...
You are right @Max. I had mentioned a similar issue in the past but it fell on deaf years. First of all, why is this news to us? Secondly, Trump's policies are anti-immigrant; for example an diabolical white caucatian man with 47 guns shot dead more than 60 innocent people last month, perhaps no new policy was or has been suggestion or made thus far. Then, last week an evil terrorist who happened to be an immigrant killed 6 innocent people, what happened? Trump said '"I am, today, starting the process of terminating the diversity lottery program". With that in mind, these report of remitances need to stop.
@Mwakilishi, please STOP it, these are dangerous times, we work so hard.
Yeap these are"dangeous" time, especially for immigrants.Going with America first,is what Trump wants. In other words send to american charities first.Can you imagine if the killer in that church was an immigrant,especially from those"marked" countries?THe other day when governor of virginia lost to a democrat,he mentioned the 13M,again.
Yes its your money,you got it legally,or illegally,but you dont make the laws.Yes spend it wisely.Iam sure you dont need to be reminded of this,but it does not hurt.But it hurt when it is squandered by those you send to.
Guyzz bravo bravo continue to do them doubles n tripples investing home most of yr cash but if ur just helping yr pple only then u will b in a big shock years to come coz u will b old,fragile tired to work n have nothing n the so called yr pple u have bin sending money to won’t b able to help you then.They will b asking u,we sent u majuu ukakatalia huko so leave us alone????So guys send that money wisely
@mkenya halisi...why does it concern you? If our families benefit,so be it. You who don't do doubles and triples,will you take your wealth with you to the grave? Such an irresponsible comment from an adult,nkt!!!
@Vanessa, this mkenya is an impostor..he itches with diasporans making their money and gives unsought advise, so eager to advise diasporans you would think he reinvented the wheel.
Now he itches that we give to our blood and flesh. Jinga au jinga? Trying to stay 'relevant' rao-ojinga- style. Pilipili osiyo ila, jameni.
I specifically clicked on this story because i knew Mkenya halisi will comment on how diasporians especially in the US are stupid for living, working in the US and sending money home.
This guy was outted last week when he commented on an immigration story. I dont know why he believes we forgot about his cooning ways. He should take his opinion on immigration to an alt-right website, they will love him there. IT'S VERY CLEAR HE HAS NEVER LIVED IN THE US and if he has, HE WAS DEPORTED COS HE DOESNT KNOW HOW USCIS WORKS.
Enjoy the comments section..
http://mwakilishi.com/article/immigration-news/2017-11-01/republicans-c…
Hehehehe guys guys tulizeni boli bana n listen to my advices!!I love USA n thank Sir God for the chances to b there but am home want to enjoy not woken up by alarm?Not to worry about mortgage n so on??Haters stick to the points sio maheart mbaya.
@Mkenya halisi. You did not tell us how you down graded your citizenship to green card as somebody asked you few weeks ago. We are still waiting for answer.
Trump has foreign interests and such may expand to Kenya. The model is acceptable as helpful in developing countries. To us who believe, the Lord is our Shepherd, we shall not want. Keep the conversations pure.
I dropped my citizenship then my misses got a job later in Kenyan foreign affairs ,was given diplomatic pp then my wife who is a us citizen filed for me to get my greencard back which the process takes 3 months coz already u had us pp.Guys there r so many processes pple don’t know!!Visit me at my farm in tigoni if u guys think am lying.Will give my contacts
@Mkenya halisi. That is a manuscript from a Nigerian conman. "Guys there r so many processes pple don’t know!!" How comes you are the only one how know that as you claim?
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