Education, healthcare, and household needs are the main uses of remittances in Kenya, an analysis by WorldRemit indicates, with the country being among top recievers in the continent. “As you will recall, there were predictions most notably by the World Bank, that remittances to sub-Saharan African could plummet by over 20 per cent. “As Covid-19 still devastates families around the world, remittances continue to provide a critical lifeline for the poor and vulnerable,” said Michal Rutkowski, Global Director of the Social Protection and Jobs Global Practice at the World Bank. Most of the money sent back home goes to support the education and medical needs of friends and families back home, notes Sharon Kinyanjui, WorldRemit's Director for Europe Middle East and Africa Receive Markets. “We historically see high transaction volumes during back-to-school seasons, highlighting the strong link between remittances and education” said Kinyanjui.

Source: The Star June 14, 2021 00:56 UTC