Kenya’s diaspora remittances hit record levels in April 2025, surpassing exports like tea and tourism in forex earnings.
Diaspora remittances surged to $422.9 million in April 2025, up 6.4% YoY from April 2024’s $397.3 million, per CBK data.
12-Month Total (May 2024–Apr 2025):
✓ $4.997 billion, up 12.1% from the previous year
✓ Outpaced earnings from tea, coffee, and tourism
Top Remittance Sources
✓ United States (56%)
✓ United Kingdom
✓ Germany
✓ Canada
✓ Gulf states
Growth Drivers
• Expanding diaspora (3M+)
• Easier digital transfers
• Strong global job market
• Rising financial literacy
Impact
• Supports household needs, education, healthcare, and investments
• Strengthens FX reserves and current account balance
Concerns
• Potential U.S. tax on remittances (Trump proposal) could disrupt inflows
• Kenya monitoring global policy shifts closely
Outlook
✓ Government boosting diaspora ties via dual citizenship, investment platforms, and fintech partnerships
✓ Remittances remain key to economic resilience and development financing
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