•  Kenyans living abroad remit money home to support consumption, and for investment purposes. Early indications show that Remittances may decline as disposable incomes decline in the countries experiencing the global recession. •  Tourism could be affected as tourists postpone or cancel visits abroad on account of difficult economic conditions and uncertain duration of the economic recession.
However, recent data indicates that tourism has fully recovered in Nairobi but Mombasa and the lodges are still lagging. •  Kenyan exporters and importers use letters of credit issued by financial institutions abroad to facilitate trade between Kenya and the rest of the world. Since confidence is returning and global interbank lending has now resumed, this effect may be very minimal.