Category: Market Data

The cost of sending money home from abroad remained high in the one-year period ending December 2023, significantly affecting the continent’s remittance inflows. According to the World Bank’s latest Migration and Development report, the global average cost of sending $200 stood at 6.4 percent of the amount being sent in the fourth quarter of 2023….

The Kenya Economic Survey 2024 Report by the Kenya National Bureau of Statistics (KNBS), released on Monday, May 20, revealed that Kenya spent over Ksh 1.2 trillion on importing the top five commodities. According to the report, some of the top commodities Kenya imported in 2023 included petroleum products, industrial machinery, animal and vegetable oils/fats,…