Kenyan currency

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US, Europe diaspora dollars falls for three consecutive months

Kenyans in America, Europe and Australia cut support for their relatives back home slashing diaspora remittances by a 3.1 percent to Kes183.76 billion ($1.336 billion) in the four months to April from Kes189.68 billion ($1.379 billion) at the same stage last year. Remittances fell for the third straight months in April by 9.8 percent to Kes44.1 billion ($320.3 mil-lion) from Kes48.8 billion ($355.04 mil-lion) in April 2021 led by a drop in America, Canada, UK, Netherlands, Sweden, France, Norway, Belgium and Australia. Rising cost of living abroad has hit the amounts being sent home even as geopolitical instability has also affected Kenyans living abroad in…

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