Bidenista Leads In Highest Amount of Billions From Diaspora...

Kenyans living and working abroad have sent home a cumulative amount of Ksh34 billion ($315 million) in the month of May 2021.
According to the Central Bank of Kenya (CBK), this figure presents the highest number of remittances sent into the country.

Moreover, Kenyans in America sent home Ksh2.05 billion ($190.7 million) in May, registering the highest fiscal amount ever sent from the US.

Statistically, the total figure is 22.3 percent more this year than in the month of May 2020.

This upward trend is mainly owed to the massive surge of remittances from America which increased by 31 percent from Ksh15.5 billion Ksh20.4 billion).

In May 2019, remittance from the US stood at Ksh12.6 billion. This was followed by a 60 percent increase in 2020.
Central Bank of Kenya Governor Patrick Njoroge

Remittances from Europe peaked at Ksh7.34 billion this year as compared to the Ksh4.55 billion received in May 2020.

In 2019, Kenyans in Europe collectively transmitted Ksh5.5 billion. This translated to a dip of 18 percent in 2020 followed by a peak of 60 percent by May 2021.


Meanwhile, Kenyans in countries from the rest of the world saw Ksh6.02 billion dispatched into local financial institutions in 2021.

In 2020, Ksh7.43 billion was remitted into Kenya and in 2019 Ksh 7.83 billion was received. Just as in Europe the trend is inconsistent as characterized by multiple percentage dips and peaks.

This is as opposed to the consistent rise of remittances from North America which have been observed to have an upward curve in the last three years.

CBK records indicate Kenyans abroad have increased remittances into the country despite socio-economic setbacks attributed to Covid-19 in the continent and the rest of the world alike.

It has been a period that has seen scores of employees and workers lose livelihoods, as well as commercial entities, lose revenue.

Given that remittances are among the key sources of foreign currency, the Central Bank, Kenya Bureau of Statistics, and the Ministry of Foreign Affairs have converged efforts to smoothen the conveyance of funds to Kenya.

Remittances are also critical in sustaining livelihoods for Kenyans who rely on their families abroad thereby giving more reason to improve channels of sending and receiving monies from overseas.

In other nyus…

Several construction workers are believed to be trapped in the rubble of a collapsed flyover that was under construction in Kangemi, Nairobi.

The collapsed section was part of the Ksh16 billion Waiyaki Way expansion project awarded to China Wu Yi firm.

The project involves the expansion of the 25km James Gichuru-Rironi Road stretch along Waiyaki Way into a superhighway.

The project, which began in 2017, was slated to be completed in December 2020.

There is something very wrong with this story, just can’t point my finger on it

The Kenya National Highways Authority (KeNHA) has issued a statement following an accident that took place at the Kangemi Bridge, causing injuries among some workers. In the statement, the authority disputed earlier reports that indicated the flyover collapsed. KeNHA indicated that it was the soil around the retaining wall that caved in.

A crowd gathers in Kangemi after a flyover under construction collapses.

“Amid ongoing works along the James Gichuru-Rironi road at Kangemi, the soil around the retaining wall for Kangemi Bridge collapsed,” the statement read in part. Following the accident, the three workers were rushed to the hospital. Two escaped with minor injuries while one is still at the Kenyatta National Hospital (KNH) but in a stable condition. All the other workers who were on-site at the time of the accident have also been accounted for.

“KeNHA regrets this unfortunate incident and is keen to ensure that safety is a priority in all road projects.”
The ongoing construction is part of the Ksh16 billion Waiyaki Way expansion project awarded to China Wu Yi firm.
The project began in 2017 and was set to be completed in December 2020. It has, however, been faced with huge delays, forcing Transport CS James Macharia to give the engineers a deadline slated for July 2021. The initial flyover was too small, creating the need to construct a much bigger one.