News Articles

Cash sent home by Kenyans in South Africa up despite work permit woes

Source: Daily Sun, 12/11/2024




Diaspora remittances by Kenyans living and working in South Africa have posted a recovery after years of subdued performance in the post-pandemic period largely on difficulties in getting work permits for skilled workers despite a visa-free deal between the two countries.Yes, the amount of money sent home by Kenyans in South Africa has increased despite difficulties with work permits: Remittances are up In the first nine months of 2024, Kenyans living and working in South Africa sent home $18.28 million, a 127.5% increase from the same period in 2023. Remittances are a significant contribution Remittances can be a major source of income for a country`s GDP. They can also help developing countries in times of need. Remittances are used for many purposes Remittances are used for a variety of purposes, including food, clothing, rent, education, and investment. Remittances from within Africa are used for construction and education Households that receive remittances from within Africa are more likely to use the money for construction, education, and food. Remittances from outside of Africa are used for investment Households that receive remittances from outside of Africa are more likely to use the money for investment. Kenyan Diaspora Remittances Help Kenya`s EconomyRemittances can be considered a significant contribution to a country`s GDP. This external financial source can help bail out


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