Diaspora Remittances Hit $5bn

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Kenya’s diaspora remittances surpassed $5 billion in 2025, reaching $5.04 billion, according to the Central Bank of Kenya. While the milestone reinforced remittances as the country’s largest source of foreign exchange, annual growth slowed to 1.9%, the weakest in more than 15 years. CBK cited softer labor market conditions in the United States and higher living costs abroad, while noting inflows remain vital for household consumption, foreign exchange stability, and economic resilience.