1. Skip to Menu
  2. Skip to Content
  3. Skip to Footer>
  • Kenya smallholder tea farmers earn Sh63.6 billion from tea exports

  • Forex 31.07.2015

  • Forex 30.07.2015

  • Forex 29.07.2015

  • Forex 28.07.2015

 

Remittances from Kenyans abroad increased in November to Sh9.7 billion

PDF Print E-mail


Add this to your website

By TF News Reporter

Remittances from Kenyans living abroad amounted to $113.4 million (Sh9.7 billion) in November 2013, says the Central Bank of Kenya (CBK).CBK governor Prof Njuguna Ndung'u says inflows have increased CBK governor Prof Njuguna Ndung'u says inflows have increased

CBK says this was 0.4 per cent higher than the inflows recorded in October 2013 which amounted to $112.9 million, and 16.3 per cent above $97.5 million recorded in November 2012.

“Reflecting resilience of monthly flows in 2013, the average remittance inflow increased to $107 million in the year to November 2013 from $95.9 million in the year to November 2012,” said CBK in a statement Monday.

A remittance is money sent by a person in a foreign land to his or her home country. CBK says due to the huge sums involved, remittances are now being recognized as an important contributor to the country's growth and development

CBK conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorised international remittances service providers in Kenya.

 

Add comment

Like Us On Facebook

Follow us on Twitter

Kenya Economy

I want to be an entrepreneur

Taibjee Consultants
www.taibjeeconsultants.com
For Patent, Trademark, Industrial Design, Customer Care training

EAC News
www.eatradereview.net
Read Comprehensive  Regional, Trade and Investment News on East Africa

Sponsored Ads

University of Nairobi