Kenya smallholder tea farmers earn Sh63.6 billion from tea exports
Remittances by Kenyans living abroad increase to Sh9.6 billion
By TFN Reporter
Remittance inflows amounted to US$ 112.9 million (Sh9.6 billion) in October 2013, says the Central Bank of Kenya (CBK).
This was 5.1 per cent higher than the inflows recorded in September 2013 which amounted to USD 107.5 million, and 23.2 percent higher than the US$ 91.6 million inflows recorded in October 2012.
The average remittance inflows in the 12 months to October 2013 increased by 11.7 per cent, to US$105.6 million from US$ 94.5 million in the year to October 2012
The strong performance underscores the resilience of remittances during the review period in spite of the sluggish economic performance in source regions.