remittances - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Global payment firms restrict money transfer services to Kenya

Sacco ReviewAugust 19, 202603 mins

Kenyans relying on international payment platforms face new restrictions on receiving money from abroad Freelancers, remote workers and families could face delays or difficulties accessing overseas payments Kenya’s heightened scrutiny over anti money laundering rules is putting greater focus on customer verification and digital transfers Several international payment platforms have restricted or suspended services for…

Kenyan shilling strengthens to 17‑month high of 128.96 against dollar

Sacco ReviewDecember 16, 202503 mins

The Kenyan shilling has climbed to its strongest level in 17 months, opening at 128.96 against the US dollar. The shilling has been trading around the 129 mark for over a year, marking a rare stretch of stability after a turbulent period that saw it touch record lows. The shilling began pulling back from the…

Remittances remind us how our government has failed in creating employment

Sacco ReviewDecember 14, 2025December 14, 2025011 mins

Ignoring the plight of Kenyans who toil in cruel conditions overseas while simultaneously celebrating the billions they send back home is one of the starkest contradictions of our time. It is an act of national hypocrisy that borders on modern-day slavery, sustained by silence, convenience and the desperate economic realities that push thousands to seek…