FOR­EIGN CUR­RENCY

The East African - - NEWS -

In Kenya re­mit­tances are now the coun­try’s largest source of for­eign cur­rency, over­tak­ing tra­di­tional sources such as agri­cul­ture and tourism. Tan­za­nia has this year recorded a sharp in­crease in re­mit­tances which has been at­trib­uted to mo­bile tech­nol­ogy. In June, Worl­dremit, a dig­i­tal money trans­fer ser­vice, an­nounced it is now record­ing 10,000 unique monthly trans­ac­tions in the coun­try, un­der­lin­ing the growth.

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