Remittance inflows fell to a 3-month low in February

Remittance inflows fell to a three-month low in February to Ksh.28.6 billion.

This marks the second consecutive decline in remittance inflows into the country since the start of this year.

But according to data from the Central Bank of Kenya (CBK), February’s remittance inflows were 18.9 percent higher than remittances in February 2020, which stood at Ksh.24 billion.

The cumulative inflows in the 12 months to February 2021 totalled Ksh.347 billion.

This denotes an increase of 11.4 percent compared to Ksh.311.2 billion in the 12 months to February 2020