Tuesday, January 3, 2012

Remittances by Kenyans hit Sh6.9bn in Nov 2011

File | NATION A customer receiving cash sent from abroad at a Western Union outlet.
Kenyans abroad sent home about Sh6.9 billion in November 2011, a 43 per cent increase over November 2010 figures. Additionally, cumulative funds for the 12 months ending November 2011 were 37.8 per cent higher than a similar period in 2010. Although there was a Sh43 million drop between October and November, the data points towards a generally positive trend. The Central Bank of Kenya (CBK) has attributed this trend partly to better remittance monitoring processes.
Read on at source: Daily Nation

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