Kenya remittances rise in Nov, set new record
NAIROBI Jan 21 (Reuters) - Kenyan remittances rose 16 percent to $113.4 million in November compared with the same period in 2012, the central bank said, setting a new annual record high.
Remittances, a major source of foreign exchange for east Africa's biggest economy alongside tea, horticulture and tourism, hit a total $1.18 billion in January to November, exceeding 2012's total of $1.17 billion.
The remittances were at $112.9 million in October.
The average remittance inflows in the 12 months to November was $107 million, Central Bank of Kenya said. (Reporting by George Obulutsa; Editing by James Macharia)
- Army officer takes charge in Burkina Faso, ousting general |
- Branson to meet Virgin Galactic space team after crash |
- Kurdish peshmerga forces enter Syria's Kobani after further air strikes |
- UK says will pay off part of World War One-era debt next year
- Fired-up Republicans have edge in midterm turnout war