Global Remittances have long been a cornerstone of Kenya’s economy, with many families depending on the financial support sent by loved ones living abroad. In 2024, North America led as a source of remittances, contributing a substantial 56% of all funds sent back to Kenya. This inflow of money from countries like the United States and Canada helps families cover important expenses such as education, healthcare, housing, and even day-to-day living costs.
The reality is, for many households, these remittances aren’t just a nice addition, but an essential to their survival and well-being. This growing dependence on diaspora support highlights the broader economic impact remittances have on the country, strengthening Kenya’s financial ties to the global community.
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As remittances continue to grow in significance, businesses have recognized the opportunity to cater to the needs of the Kenyan diaspora, offering services that simplify cross-border money transfers. This demand has only intensified as families look for faster, cheaper, and more secure ways to send money.
In response to this, NCBA teamed up with Xpress Money, a leading global payment platform, to provide customers with a seamless and efficient solution for transferring funds home. This partnership represents a significant step forward in making international money transfers more accessible and hassle-free for Kenyans living abroad.
With this collaboration, NCBA customers can now send money back to their families with ease, thanks to Xpress Money’s extensive network, which spans across dozens of countries. This means that whether you’re in North America, Europe, or elsewhere, sending money to Kenya has never been more convenient.
By offering this service, NCBA is meeting a growing need and is also strengthening the connection between Kenya and its diaspora. This has ensured that no matter the distance, families can stay connected and supported, helping to build a more stable future for those at home.
NCBA’s partnership with Xpress Money also ties into the bank’s broader goal of becoming the go-to institution for the Kenyan diaspora. As Tirus Mwithiga, NCBA’s Group Retail Banking Director, puts it, this collaboration is about providing real value to both senders and receivers.
The bank is focused on ensuring that their remittance services grow in line with the evolving needs of its customers. This partnership is one of many steps NCBA is taking to make financial services more accessible to those living abroad, offering them a reliable platform to support their families back home with ease and peace of mind.
For the Kenyan diaspora, this collaboration goes beyond financial transactions. It’s also a way to stay connected, support loved ones, and ensure that distance doesn’t limit their ability to help.
Whether it’s for tuition fees, healthcare, or daily living expenses, NCBA’s partnership with Xpress Money is making it easier for Kenyans abroad to make a tangible difference in the lives of those back home.
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CEO & Co-Founder, Abojani Investment
Robert Ochieng is a visionary entrepreneur and the co-founder of Abojani Investment, a leading financial education platform in Kenya that has empowered over 20,000 Africans to embark on their investment journeys. As CEO, he has demonstrated an unwavering commitment to financial literacy, successfully demystifying money and investments and making them accessible and relevant to individuals from all walks of life.
Running Thriving Investment Communities
Robert’s influence extends well beyond Abojani Investment’s core offerings. He has actively fostered a sense of community by running investment forums and groups with a vast following of over 300,000 Africans. These communities provide a safe space for individuals to exchange ideas, share experiences, and support each other on their investment journeys.
Vision for the Future
As co-founder of Abojani Investment, Robert envisions a financially empowered Africa. He strives to expand the reach of his financial education initiatives, enabling millions more to gain the knowledge and confidence needed to achieve their financial goals. His vision is to create a society where every individual has the tools and understanding to build lasting wealth and prosperity.
Professional Background
Robert Ochieng is a highly accomplished CEO at the helm of Abojani Investment, an investment and advisory firm in Kenya. He is a seasoned professional with over 14 years of experience in IT, Finance, and leadership.
His career includes key roles at prominent institutions such as Equity Bank, Gulf African Bank, Guaranty Trust Bank (GTBank) and Airtel.
Robert’s expertise has also been sought after by the National Treasury for consultancy on planning and budgeting systems, showcasing his exceptional knowledge and skills in the field. Passionate about driving meaningful conversations and collaborations between academia, industry, and the public sector, Robert actively engages in research projects focusing on digital transformation within the financial services sector. With his visionary leadership and strategic insights, Robert Ochieng continues to make a significant impact in the business world.
