DO YOU send money to Kenya regularly or even occasionally? If so, you are contributing to a big increase in remittances. Kenya witnessed a 51% growth in remittance inflow between March 2017 and March 2018, reiterating the economy’s dependence on diaspora remittances.
The money sent home helps families meet expenses like food, housing, healthcare and education. In case of a surplus, remittances are also stowed away as savings or used as an investment.
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5 ways to get more out of your money transfers to Kenya
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March 23, 2019
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