Kenyans living and working abroad remitted Sh53 billion in January 2026. It reflected a slight dip compared to the Sh55.1 billion sent during the same month last year.
According to the Central Bank of Kenya (CBK), the 3.8 per cent decline represents a shortfall of about Sh2 billion year-on-year.
However, overall remittances remain resilient, with total inflows over the past 12 months rising from Sh640.9 billion to Sh648.7 billion — a 1.2 per cent increase.
The CBK noted that diaspora remittances continue to be a critical source of foreign exchange, supporting household consumption and strengthening Kenya’s balance of payments.
As of February 12, 2026, the country’s foreign exchange reserves stood at Sh1.6 trillion.
Analysts attribute the January slowdown partly to stricter regulatory measures introduced by the CBK, including tighter anti-money laundering compliance requirements for money transfer operators.
While aimed at safeguarding the financial system, the new rules have increased operational costs, especially for smaller remittance firms.
Despite the monthly dip, diaspora inflows remain one of Kenya’s most stable economic pillars, cushioning families and reinforcing macroeconomic stability.
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