Remittance inflows to Kenya increased by 2.5 percent in December 2015 compared with 4.7 percent decline in November 2015
|Year : 2015|
Underscoring observed resilience, remittances inflow increased by 8.4 percent in 2015 (compared with 10.7 percent growth in 2014) which translates to a 9.1 percent growth in the monthly average flow
North America dominated by source regions, accounting for 49.6 percent of total inflows in December 2015 and recording growth of 10.1 percent. Inflow from Europe increased by 15.6 percent, while the rest of the world decreased by 26.2 percent
A remittance is money sent by a person in a foreign land to his or her home country. Due to the huge sums involved, remittances are now being recognized as an important contributor to the country's growth and development.
The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorized international remittances service providers in Kenya.
Kenya Central Bank