Kenya will next month commission a survey on diaspora remittances as it seeks to increase the inflows' support in development and economic growth. The first-ever survey, on remittances, will be conducted in February and March, with the Central Bank of Kenya (CBK) spearheading the exercise. In Kenya, remittance inflows were strongly buoyant in 2020, despite the devastation by Covid-19 in the source countries. The diaspora remittances Survey will be conducted online in two parts—the first phase will focus on the sources of remittances (remitters and the source countries), while the second phase will target the households that receive remittances. Over 70 per cent of the diaspora inflows to Kenya are from North America and Europe.

Source: The Star January 15, 2021 11:15 UTC