RemitSCOPE is expanding its Central Bank data offering to include direct access to interactive dashboards and richer data sources. Building on the annual Central Bank data already available on RemitSCOPE, the platform now links users to more detailed, disaggregated and frequently updated remittance data — including corridor-level insights, monthly trends and additional breakdowns.

This enhanced section currently features data from the Central Bank of Kenya and the Bank of Uganda, including Uganda’s new interactive remittance dashboard. These tools provide deeper insights into remittance flows, including values, volumes, corridors, channels and user profiles.

As more Central Banks publish detailed remittance data and dashboards, RemitSCOPE will continue to expand this section, strengthening access to timely and actionable market intelligence.

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Kenya is a net inbound remittance market, receiving over US$4 billion in 2024 ranking 4th in Africa (with the United States and the United Kingdom as the main sending markets), compared to outflows at US$ 39.9 million (2023). Remittances account for 4.6 per cent of gross domestic product (GDP) and are a leading source of foreign exchange in the country.

The Central Bank of Kenya (CBK) is taking a leading role on the continent and  currently collects and publishes total remittance inflow data in US$ on a monthly basis, broken down by corridor. It also publishes an annual report with a summary of the sector’s performance. The CBK  launched the publication of the Diaspora Remittances Survey and plan to undertake a National Remittance Household survey.

Almost half of all countries (49 per cent) in the index achieved the highest scores of 80 per cent or more, with 80 per cent of countries securing a medium score (60-80 per cent) or higher.

Overlaying these scores onto a map of Africa, the higher index scores appear generally clustered around the mobile money strongholds of East and West Africa. Mobile money wallets are the most likely digital channels chosen by users to receive remittances in these countries.

East Africa has been the traditional home of mobile money for over a decade now and it is perhaps no surprise to see Kenya achieving the top index score (97) with nearby Rwanda (92) and the United Republic of Tanzania (90) also attaining high scores. Taking all East African Community (EAC) countries together their average scores for all index pillars are higher than the continental average.

Explore the the Indexes Dashboard through the Snapshot Indexes and MobileRemit Index.

In 2024, according to the World Bank, over $104 billion flowed into Africa in remittances which is approximately twice the level of overseas development assistance. Remittances provide a lifeline for many families and countries, especially in rural areas where they can make the biggest difference. Within Africa, 19 of the 54 countries are dependent on remittances for at least 4 per cent of their GDP.

Remittance inflows continue to grow (7% Compound Annual Growth Rate (CAGR) in the 3 years to 2024) despite global headwinds. This is not unusual as remittances are often counter-cyclical and increase during difficult events globally or locally. Around 75 per cent of remittances are used for support purposes such as food, housing, education and health, with the remainder available for saving or investment (IFAD, 2022)

Explore the Remittances Dashboard to learn more about remittance inflows and outflows into Africa by country and at a corridor level.