Diaspora Journey takes you to the world of millions of people on the move. It contains news, articles, studies, and stories from various sources about the everyday life of diasporas. It also includes topics and discussions related to migration, development, remittances and microfinance.
Wednesday, 9 February 2011
Remittances from Kenyans in Diaspora rise
Remittances from Kenyans abroad increased minimally last year to stand at Sh51.3 billion, the CentralBank 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