×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Kenyans abroad fuel economy as inflows hit Sh584b in 12 months

Vocalize Pre-Player Loader

Audio By Vocalize

The shilling is currently trading at an exchange rate of Sh135 to the dollar. [Elvis Ogina, Standard]

Kenyans working and living abroad sent home a record Sh52 billion last month, official data shows.

The money sent home was 24.8 per cent higher than the Sh41 billion sent a year before in 2023 according to the weekly Central Bank of Kenya (CBK) weekly bulletin.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Co-op Bank leads list of Kenyan lenders in Forbes World top 500
Business
MPs demand answers on plans to privatise New KCC
Business
New submarine cable puts Kenya's Coast on digital growth path
Sci & Tech
Kenya moves towards AI policy as new report shows growing capabilities and risks