Remittances from Kenyans abroad increased minimally last year to stand at Sh51.3 billion, the Central Bank of Kenya has said.
In a year that saw further recovery of the global economy, remittances increased by five per cent from Sh45.6 billion recorded in 2009.
The increase was an indication that leading economies in North America and Europe that account for most of the remittances are back on a strong footing after the global economic crisis, considering that in 2008, money sent back home stood at Sh45.8 billion. Read more
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