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Nairobi Kenya — Diaspora remittances to Kenya hit an all-time high of USD 350.6 million(Sh39.7billion) in December, as Kenyans abroad sent home money for the festivities, the Central Bank of Kenya has revealed.

According to the latest CBK weekly bulletin, this represented a 9.5 per cent growth compared to the $320.1million(Sh36.2billion) sent in November.

In a similar month last year, total remittances were $299.6million(Sh33.9billion), a 17.0 percent increase which means Kenyans abroad sent more money this year despite the impact of Covid-19 continuing to be felt across economies.

“The cumulative inflows in 2021 were a record of $3,718 million from $3,094 million in 2020, a 20.2 percent increase,” said CBK.

Read the original article on Capital FM.