Browsing Tag

Diaspora Remittance

Put Diaspora Remittances To Better Use, State Urged

The government should develop policies to promote investment products to tap the growing inflows from Kenyans living abroad, analysts said, as official data captured the remittances at Sh44.73 billion in first three months of the year.…

Africans pay dearly to send cash home

Africans are losing $1.8 billion year due to high fees levied on funds sent from abroad by relatives, Britain’s leading think-tank on development said Wednesday. The Overseas Development Institute (ODI) found that Africans face…

Kenyans Diaspora send home Sh10 billion

Kenyans abroad sent home Sh700 million more in February this year compared to the same period in 2013. The remittances rose by 8 per cent to Sh9.6 billion ($110.42 million) from Sh8.9 billion ($102.4 million) in February last…