Kenya loses Sh22bn in US diaspora cash on Trump tax
Nairobi, Sept. 2 -- The amount of money sent home by Kenyans living and working in the United States dropped by nearly Sh22 billion in the first half of 2026, as the fallout from President Donald Trump's tax policies and the economic shocks of the Iran conflict took its toll.
New Central Bank of Kenya (CBK) data shows remittances from the US fell 12.6 percent to $1.178 billion (Sh152.50 billion) in the six months to June 2026, down from $1.348 billion (Sh174.50 billion) a year earlier.
This was the sharpest decline since Kenya began publishing remittance data by country.
The decline wiped out $169.5 million (Sh21.94 billion) from Kenya's biggest source of diaspora cash and pushed US inflows to their lowest first-half level since 2021....
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