Kenyans Abroad Send Home Ksh 656.9B in 12 Months, CBK Report Shows
Diaspora Remittances Hit New Record
The inflows stood at USD5.08 billion, up from USD4.57 billion in 2024. This marked an impressive 11.1% rise. The money sent home has strengthened the country’s economy and cushioned families against harsh times.
The CBK, in its weekly bulletin, revealed,
“The 12-month cumulative inflows to July 2025 increased by 11.1 per cent to USD 5,080 million (Ksh656.539 billion) compared to USD4,572 million (Ksh590.885 billion) in a similar period in 2024.”
The regulator further stressed,
“Remittance inflows remain a key source of foreign exchange earnings and continue to support the balance of payments.”
July Slightly Drops, But Overall Growth Stays Strong
In July 2025, Kenyans abroad sent USD410.1 million (Ksh53 billion). This was slightly lower than July 2024’s USD414.3 million (Ksh53.5 billion), reflecting a 1% drop. However, cumulative inflows still showed steady growth, proving Kenyans abroad are sending more over time.
How Remittances Strengthen the Economy
According to CBK, the strong inflows have boosted foreign exchange reserves. By mid-August, reserves stood at USD11.1 billion (Ksh1.435 trillion). This amount was enough to cover 4.9 months of imports, well above the statutory four-month threshold.
The money has also helped keep the shilling stable. On August 14, 2025, the shilling traded at Ksh129.24 against the U.S. dollar. The CBK attributed this stability to remittances, government securities inflows, and rising investor confidence.
Families Benefit Directly
Most remittances go directly into households. Families use the money to pay school fees, buy food, cover medical bills, and even invest in real estate. This direct support has made remittances a lifeline for millions of Kenyans.
New Government Survey
At the same time, the government has launched the Remittances Household Survey (RHS). Field officers will visit homes receiving money from abroad to collect detailed information. This survey aims to provide accurate data to guide future policies.
Policy Shift to Support Economy
The report comes as CBK eases monetary policy. In August, it lowered the base lending rate from 9.75% to 9.5%. The move seeks to stimulate private sector lending while keeping inflation expectations stable.
With diaspora support, steady reserves, and policy reforms, Kenya’s economy remains on a resilient path.
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Kenyans Abroad Send Home Ksh 656.9B in 12 Months, CBK Report Shows
