Remittances
KNBS report reveals Ksh931.8 billion in remittances to Kenya
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The Kenya National Bureau of Statistics released its 2025 Remittances Household Survey Report on Tuesday showing total inflows of Ksh931.8 billion from June 2024 to May 2025. The United States accounted for 43.5 per cent of the total. Most funds went to household consumption rather than investment.
Banco de la República reported remittances hit US$1.189 billion in May, up 8.5% from the prior year.
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Nigeria, South Africa and Kenya have introduced licensing regimes for digital assets after years of restrictions. The changes follow rapid growth in stablecoin use for remittances and payments across the continent. Between July 2024 and June 2025, Sub-Saharan Africa processed more than $205 billion in on-chain value.
In Cuba, remittance couriers like Javier face a sharp drop in work due to police raids on currency networks. The government aims to control incoming dollar flows, as remittances become the main foreign currency source after the pandemic. This crackdown has bred fear and economic hardship for those relying on these services.
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The Central Agency for Public Mobilization and Statistics reported Egypt's trade with G20 countries rose to $70.4 billion from January to September 2025, up from $61.7 billion the previous year, a 14.1% increase. The announcement coincided with the G20 Summit in Johannesburg, South Africa, attended by Prime Minister Mostafa Madbouly on behalf of President Abdel Fattah Al-Sisi.