Why Nairobi Needs to Flatter Kampala: Kenyan Remittances from Uganda Grow by a Record 300%
•Remittances by Kenyans from Uganda GREW by 300% from $2.5 million (Kes349 million) in May 2022 to $8.8 million (Kes1.2 billion) in May 2023.
•KE remittances from Saudi Arabia grew 30% to $35 million (Kes4.8 billion).
•Remittances from Australia FELL sharply by almost 45% to $5.9 million.
•Though big in absolute terms, Kenyan remittances from the U.S. FELL 3% to $189.2 million
•Remittances by Kenyans from Uganda GREW by 300% from $2.5 million (Kes349 million) in May 2022 to $8.8 million (Kes1.2 billion) in May 2023.
•KE remittances from Saudi Arabia grew 30% to $35 million (Kes4.8 billion).
•Remittances from Australia FELL sharply by almost 45% to $5.9 million.
•Though big in absolute terms, Kenyan remittances from the U.S. FELL 3% to $189.2 million