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Growing diaspora cash transfers flowing to a few pockets in Kenya

Kenyans have continued to get support from abroad receiving over Sh333 billion per year but the inflows are going to a very small number of households.

Kenyans living and working abroad sent home Sh122.69 billion ($1.13 billion) in the four months to April, 23.3 per cent above the Sh93.37 billion that was received in a similar period last year.

The World Bank study on coping mechanisms by Kenyan households during the Covid-19 pandemic showed that only 7 per cent received cash from the diaspora community

“Only a small share of households received remittances (7 per cent) in January–March 2021. The remittance amount was larger for around half of the households that received remittances compared to pre-COVID-19 amounts. However, one-quarter received smaller amounts, which may have consequences for household welfare,” the report read.

 

source: Madhui

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