Kenyan Remittances Rose 13% in September, Country's Central Bank Says

Kenyans living abroad sent home 13 percent more funds in September than a month earlier, the Central Bank of Kenya said.

Remittances totaled $58.6 million compared with $52 million a month earlier, research director Charles Koori said in a statement on the bank’s website today in Nairobi, the capital. Cumulative remittances during the nine months through September climbed 22 percent to $461.4 million from a year earlier, he said.

“The source markets for remittances have on average maintained the same shares, with North America contributing 53 percent and Europe 26 percent of total remittances to Kenya in September 2010, from the survey,” he said.

To contact the reporter on this story: Johnstone Ole Turana in Nairobi via Johannesburg at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net.