Kenyans in Diaspora are opting to remit money through informal means

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Kenya accounts for 3.7 billion dollars of the 49 billion dollars remitted to sub saharan Africa from diaspora, ranking it the third within the region. Despite Kenya’s advancement in the digital money market and financial service sector, the sending charge stands at 7.8 percent, in comparison to the global rate of 6%.

The post Kenyans in Diaspora are opting to remit money through informal means appeared first on KBC.

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