The Kenyan government has officially rolled out the Remittances Household Survey (RHS). This ambitious initiative is a collaborative effort between the Central Bank of Kenya (CBK), the Kenya National Bureau of Statistics (KNBS), and Financial Sector Deepening Kenya (FSD Kenya). The survey, which will run from July to September 2025, marks a pivotal step in mapping the intricate flow of funds from the diaspora that has become an undeniable force in the nation's economy.
The timing of the survey couldn't be more critical. In 2024, remittances reached a staggering Ksh666.7 billion, accounting for an impressive 4% of the country's GDP. This figure not only highlights the magnitude of these funds but also confirms their status as a leading source of foreign exchange, surpassing traditional powerhouses like tourism and agriculture. Recognizing this shift, the RHS aims to move beyond simple statistics and delve into the human stories and practicalities behind these transfers.
Throughout the three-month period, trained field officers, carrying official identification for transparency, will engage with households nationwide. They will meticulously collect data on the amounts received, the channels used for transfers, the costs and challenges involved, and, most importantly, how these funds are being utilized. The survey's scope is comprehensive, even covering informal and in-kind transfers to provide a holistic picture.
The insights gleaned from this data will be instrumental in shaping future government policy. The primary goal is to inform and develop strategies that not only optimize the flow of remittances but also enhance financial inclusion for the recipients. By understanding the real-world impact and hurdles, policymakers can design targeted interventions to make these essential funds work even harder for Kenyan families and the national economy. This survey is more than just a data-gathering exercise; it's a foundation for building a more resilient and inclusive financial future.
