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
Showing posts with label Diaspora investments. Show all posts
Showing posts with label Diaspora investments. Show all posts
Monday, 18 January 2010
Friday, 1 January 2010
‘Pakistan Must Recognise Expatriates’ Remittances’
Mohammad Abdul Qudoos
31 December 2009
DUBAI - Pakistani community organisations overseas have to launch a united campaign for the promotion of foreign investment in their home country, a House of Lords member of Pakistani origin said.
Lord Nazir Ahmed of Rotherham told a community gathering on Tuesday that the Pakistani government should, at the same time, frame policies to encourage overseas Pakistanis to invest back home.
Many people in the UK want to invest in Pakistan, they need encouragement and the respect they deserve, he said.
“Overseas Pakistanis remit as much as $9 billion annually to their home country, but their government salutes the US for giving a mere $1.5 billion a year,” Lord Nazir said.
“We should do everything to promote investment in Pakistan and say ‘No’ to terrorism,” he said. Read more
31 December 2009
DUBAI - Pakistani community organisations overseas have to launch a united campaign for the promotion of foreign investment in their home country, a House of Lords member of Pakistani origin said.
Lord Nazir Ahmed of Rotherham told a community gathering on Tuesday that the Pakistani government should, at the same time, frame policies to encourage overseas Pakistanis to invest back home.
Many people in the UK want to invest in Pakistan, they need encouragement and the respect they deserve, he said.
“Overseas Pakistanis remit as much as $9 billion annually to their home country, but their government salutes the US for giving a mere $1.5 billion a year,” Lord Nazir said.
“We should do everything to promote investment in Pakistan and say ‘No’ to terrorism,” he said. Read more
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