Friday, 27 April 2007

Diaspora has deep pockets to build Kenya

By Matunda Nyanchama

It is said Kenyans abroad remit home close to $1 billion (Sh70 billion) annually.

The remittances have served the country in many ways, including stabilising the shilling. The Government has recognised the potential of Kenyans in the Diaspora. In the past few months, there has been a whirlwind of Government activity to speak, entice and persuade Kenyans abroad to do more for the country’s economic growth. The message has been two-fold: The Diaspora could do more in direct investment and become agents that influence the flow of foreign investment.[Read more]

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