Kenya Boosts Diaspora Remittances Forecast to 12% on Strong 2024 Start

• Central Bank of Kenya raises remittance growth forecast from 5% to 12%
• Remittances saw a 20% jump in the first four months of 2024

Nairobi, Kenya – Kenya’s central bank has revised its annual growth forecast for diaspora remittances, increasing it from 5% to 12%, driven by a robust performance in the first four months of the year.