Tag: forex reserves

Record-breaking $2.85 Billion remittance for Kenya

Commonwealth Diaspora Warsha De Silva -
Diaspora (Commonwealth Union) _In March, Kenyans living and working abroad sent home a remarkable $2.85 billion, as per the...

In 2023, Kenyans living abroad sent Sh670 billion home – CBK

Commonwealth Diaspora Warsha De Silva -
Diaspora (Commonwealth Union) _ In the span of twelve months concluding in December 2023, Kenyans abroad significantly boosted the...

India, 16.5 years behind…

Commonwealth Business Suraj Atapattu -
India (Common wealth) _As per the latest reveal of a comparative study by brokerage firm Bernstein, India has a...

Akure-based cocoa factory looking to boost Nigeria’s forex reserves

Manufacturing and Production News Veronica Elishya -
AKURE (CU)_In December last year, Nigerian agribusiness firm Johnvents Industries commissioned its upgraded cocoa processing plant in the city...

With $590 billion forex reserves, India is now a “net creditor”

Asia Michael Alfonsia -
NEW DELHI (CU)_India's forex reserves hit an all-time high of US$590 billion, while external debt is US$554 billion, making...
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