Monday, 4 October 2010

Kenya woos diaspora to invest at home

Kenya is missing out on a potentially huge investment cash inflow from its nationals abroad who do not get information on opportunities in the country, a new government commissioned study has established.

Preliminary results from a study by the International Organisation for Migration for the government found that about 60 per cent of Kenyans living in the UK do not get information on how they can invest their money locally.

This is despite the group having significant financial muscle, as evidenced by millions of dollars in remittances that the group sends to friends and relatives back home every month.

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