As Kenya's diaspora inflows rise; state promotes stocks, bonds

The Central Bank of Kenya in Nairobi.

The Central Bank of Kenya headquarters in Nairobi, Kenya. PHOTO | NMG

Photo credit: File | Nation Media Group

Kenya’s diaspora remittances have continued to grow this year, with projections indicating a new high by the end of 2023.

Figures from the Central Bank of Kenya show that total money remitted by Kenyans abroad in the 12 months to November 2023 was $4.17 billion, from $4.021 billion in the same period last year.