Kenya risks loss of $40m monthly Gulf remittances

Kenya could face monthly losses of up to $40 million in remittances from Gulf states due to the ongoing Middle East crisis, according to a World Bank report. Approximately 500,000 Kenyans were employed in these states in 2022, and the ongoing war has already led to a sharp decline in remittances. African households, particularly in Kenya, are experiencing increased financial strain as employment prospects weaken.