Donation Amount. Min £2

By JULIUS MBALUTO

With the impact of covid-19 pandemic on global economies, it was expected that Kenyans working and living abroad might slow down on sending money home.

However, they have defied that expectations and send $ 1.13 billion (Kshs. 122.69) in four months to April, this according to Central Bank of Kenya.

Despite Covid-19 pandemic, Kenyan remittances remained all time high. They were sending Kshs 7.67 billion weekly on average. According to CBK, Kenyans in the US send more money home than those living and working in other countries.

Kenya tops East African region on Diaspora remittances. Diaspora remittance remains one of the key sources of foreign exchange for Kenya. It has rendered support for the economy since Covid-19 pandemic started in Mid-March 2020.

The ability to send money can be attributed to recoveries of global economies, support given to businesses by governments in different countries especially US and UK to remain operational during the pandemic and more players in money transfer business making it competitive and cheaper to send money home.

About IEA Media Ltd

Informer East Africa is a UK based diaspora Newspaper. It is a unique platform connecting East Africans at home and abroad through news dissemination. It is a forum to learn together, grow together and get entertained at the same time.

To advertise events or products, get in touch by info [at] informereastafrica [dot] com or call +447957636854.
If you have an issue or a story, get in touch with the editor through editor[at] informereastafrica [dot] com or call +447886544135.

We also accept donations from our supporters. Please click on "donate". Your donations will go along way in supporting the newspaper.

Get in touch

Our Offices

London, UK
+44 7886 544135
editor (@) informereastafrica.com
Slough, UK
+44 7957 636854
info (@) informereastafrica.com

Latest News

Woman condemns Vietnamese husband’s deportation to South Sudan

Woman condemns Vietn...

A woman in Pierce County, Washington state, has expressed outrage after her husband was unexpectedly...

Kenya targets Sh10bn annual earnings from Macadamia as govt commits to sector growth

Kenya targets Sh10bn...

Kindiki outlined the government’s vision to transform the macadamia sub-sector into a major contribu...

Bill Gates to give most of his $200bn fortune to Africa

Bill Gates to give m...

Microsoft founder Bill Gates says that most of his fortune will be spent on improving health and edu...

Let views on Finance Bill count, ex-Senator Billow Kerrow tells government

Let views on Finance...

Former Mandera Senator Billow Kerrow. [Screengrab] Political economist, Billow Kerrow, has urged th...

For Advertisement

Big Reach

Informer East Africa is one platform for all people. It is a platform where you find so many professionals under one umbrella serving the African communities together.

Very Flexible

We exist to inform you, hear from you and connect you with what is happening around you. We do this professionally and timely as we endeavour to capture all that you should never miss. Informer East Africa is simply news for right now and the future.

Quality News

We only bring to you news that is verified, checked and follows strict journalistic guidelines and standards. We believe in 1. Objective coverage, 2. Impartiality and 3. Fair play.

Banner & Video Ads

A banner & video advertisement from our sponsors will show up every once in a while. It keeps us and our writers coffee replenished.