Kenyans living and working in diaspora sent home USD 440.08 million in May 2025, the second‑largest monthly inflow ever, narrowly trailing December 2024 (USD 445.39 million).
- •The five‑month total rose to an unprecedented USD 2.10 billion — the strongest January‑to‑May performance in Central Bank of Kenya records.
- •Compared to the same period in 2024, when inflows totaled USD 1.84 billion, this represents a sharp 14 % increase, reflecting higher earnings abroad, stronger remittance behavior, and improved transfer systems.
- •With a monthly average at USD 419 million, Kenya is projected to surpass USD 5 billion in diaspora inflows by year‑end if the momentum continues for the next six months.
Four of the first five months in 2025 are among the top ten monthly inflows ever recorded, demonstrating rare consistency in remittance strength.
- •In the 12 months ending May 2025, total diaspora remittances reached USD 5.01 billion, up 11.8 % year‑on‑year. Several factors continue to fuel this growth: enhanced digital transfer channels, competitive remittance costs, and a broader migrant base.
Where the Money Comes From
From January to May 2025, North America contributed US$ 1.20 billion, making up 57.3 % of the total. Europe sent US$ 370 million (17.7 %), while the Rest of the World added USD$ 524 million (25.0 %).
- •In May, North America remained dominant, delivering over US$ 251 million for the second month in a row.
- •Europe reached its highest monthly figure since January 2024, with US$ 80.5 million.
- •Meanwhile, the Rest of the World rose sharply from US$ 99 million in April to US$ 108.1 million in May, marking a strong month‑on‑month rebound.
Maintaining the current pace, Kenya could receive approximately USD 5.23 billion in diaspora remittances by the end of 2025 — a new annual record.
While peak‑season inflows in November and December could boost performance further, risks remain. These include global labor market volatility and potential increases in transfer costs such as the US’ plan to impose a 5% tax on remittances.
Nonetheless, remittances will remain Kenya’s largest source of foreign exchange, ahead of tea, tourism, and horticulture.
