Diaspora Cash Outshines Tea and Horticulture as Kenya’s Top Forex Earner, Says Kindiki

Kenya’s economic heartbeat got a loud shoutout this weekend from Deputy President Kithure Kindiki, who told a gathering of Kenyan professionals in Windhoek, Namibia, that diaspora remittances have taken the crown as the country’s biggest source of foreign exchange.

Speaking on Saturday evening to a room full of diaspora Kenyans who’ve made Namibia their second home, Kindiki didn’t hold back his pride.

“Diaspora remittances have become a cornerstone of our economy, surpassing even our traditional exports like tea and horticulture,” he said, his words landing like a mic drop. “This highlights the tremendous impact Kenyans abroad are having on our nation’s development.”

And the numbers back him up. The Central Bank of Kenya (CBK) reports that Kenyans living and working overseas sent home a jaw-dropping $4.94 billion (Ksh.640.75 billion) in the fiscal year ending December 2024—an 18 percent jump from the $4.18 billion (Ksh.542.89 billion) the year before.

December alone saw a record-breaking $445.4 million (Sh57.1 billion) flood in, smashing CBK’s own projections. While Kindiki kept the stats light in his speech, the message was clear: the diaspora isn’t just a side hustle—it’s the main event.

The Windhoek meet-up wasn’t just a pat on the back, though. It was a chance for Kenyans in Namibia to air their grievances—everything from tricky immigration rules to bumpy trade logistics and travel headaches.

“We’re working hard back home, but we need smoother ways to connect with Kenya,” said Esther Mwende, a nurse who’s been in Namibia for five years. “Sometimes it feels like the system forgets us.”

Kindiki listened, nodded, and promised action. “We hear your concerns, and we’re committed to addressing them,” he assured the crowd. “We’re rolling out five major initiatives to boost the economy and make life better for Kenyans here and at home. That includes creating an environment where you can thrive and keep contributing.”

For years, tea and horticulture have been Kenya’s pride—cash cows that kept the shillings rolling in. But the diaspora’s rise over the past decade tells a new story.

From nurses in Namibia to techies in Texas, Kenyans abroad are wiring home more than just money—they’re sending hope, grit, and a lifeline that’s outpacing the old champs.

“It’s not just about the dollars,” said John Kilonzo, a businessman in Windhoek. “It’s about knowing we’re part of Kenya’s future, even from thousands of miles away.”

Kindiki’s trip to Namibia wasn’t just a cheerleading session—it was a call to keep the momentum going. “We understand the unique challenges you face,” he said, wrapping up. “We’re dedicated to providing efficient services to support your contributions.”