How ABSA bank is easing diaspora remittances to Kenya

News published on Dec 27, 2023 @ 11:54 am

In 2022, Kenya’s diaspora remittance rose by 8.34% to $4.027 billion (Ksh. 610.3 billion), according to the Central Bank of Kenya. During the same period, tea earned the country $1.2 billion (Ksh. 181.9 billion). The increase in diaspora remittances has seen an influx of diaspora-based solutions from local financial service providers, making this space very competitive.

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