Remittance from Kenyans in Saudi Arabia surges 63 per cent to US$302 million in 2022

News published on Feb 13, 2023 @ 3:59 pm

Remittance from Saudi Arabia rose to $302.26 million (37.78 billion shillings) in 2022, compared to $185.01 million a year earlier, Business Daily reported, citing Central Bank of Kenya data.

Despite geopolitical concerns, the 63.38 percent jump in diaspora inflows bucked a trend of reduced overall remittances.

The higher remittance is prompting Nairobi to seek a bilateral arrangement with Riyadh over a framework to allow more professionals to be recruited in Saudi Arabia.

Diaspora engagement+ Remittance families and development
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