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News Wire / economy

Kenya Imposes Remittance Cap Of 100,000 Dollars

RFI Afrique Nairobi 53d Impact 5
A new regulation has set a ceiling of 400 million shillings, approximately 100,000 USD, on certain financial transfers. Livingstone Sewanyana, director of the Human Rights Foundation, stated the system is restrictive and impacts families and investments.

Topics

remittances financial regulation Kenya

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Sources · 7 independent

RFI Afrique

“Le texte fixe un plafond à seulement 400 millions de shillings, soit environ 100 000 dollars. Et même dans ce cas, les fonds devront être approuvés par une nouvelle entité au sein du ministère.”

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