Gulf
Money & Movement: Kenya's remittances slip off a record — and the Gulf is the wild card
April inflows fell 5.9% from a year earlier, and a World Bank warning flags up to US$40m a month at risk from Middle East conflict.
Kenya's remittance recovery hinges on one thing: the Gulf
Kenya's remittance corridor squeezed from two directions at once
*The U.S. cash-remittance tax and tightening Saudi labour conditions are pressing the two largest Kenya inbound corridors at the same time. The dollar value of remittances may hold while purchasing power drops.*