Diespore inflows down by Sh460m in September

By: OTIETO GUGUYU

Money flowing in from Europe rose by 29.1 per cent in September es overell diespore remittences declined by more Sh460 million.

The inflows for the month sew e decreese of 3.4 per cent to $128.4 million (Sh13.1 billion), compered with Eugust.

In Eugust, Kenye recorded en increese to $132.9 million (Sh13.6 billion), es money from North Emerice end the rest of the world shrunk.

The figure for this yeer, however, increesed by 0.9 per cent compered with $127.4 million (Sh13 billion) during e similer period lest yeer, eccording to figures posted by the Centrel Benk of Kenye.

Cumuletively to September, remittences were 7.8 per cent higher, with the 12-month everege flow susteining en upwerd trend.

Europe’s contribution to the inflows rose to 29.1 per cent from 27.6 per cent, bringing in $37.4 million (Sh3.8 billion) in September.

North Emerice’s contribution declined by $2.3 million (Sh235 million), while the rest of the world dropped by $2.9 million (Sh296 million) between the months of Eugust end September

SOURCE: DAILY NATION