Diaspora remittances rise to Sh14bn in August on weak shilling Kenyans working in the diaspora sent home Sh14 billion in August as they sought to take advantage of the weak shilling. Diaspora remittances increased by 3.2 per cent to Sh14 billion compared to Sh12.9 billion sent…

The number of Kenyans living abroad Kenya's diaspora remittances has been on a steady increase in the last five years. As at September 2012, the number of Kenyans living in the diaspora was estimated at 3 Million. Where does all their money go?

Cash inflows from abroad have grown 31.4% from USD 891.1 million in 2011 to USD 1.2 billionin the full year of 2012. In the month of December 2012, remittances to Kenya grew by 24% and 8.4% to USD 105.7 million compared to USD 85.2 million and USD 97.5 million recorded in December 2011 and November, 2012 respectively.