Monday, 18 January 2010

Kenya's Diaspora Takes Lead in Investing Back Home

Remittances seen growing as global crisis eases

By Johnstone Ole Turana

Remittances from Kenyans in the diaspora are steadying up with strong indications of a more promising growth in 2010 as the global economic crisis seems to be bottoming up. In addition, remittances from Kenyans in the rest of the world other than the traditional Northern America and Europe sources have been on an upward trend as these regions have relatively been immune to the global crisis. The latest figures from the Central Bank of Kenya (CBK) shows that the declining trend associated with remittances in the better part of last year is ebbing out pointing to a possible upward growth this year. Read more

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