Kenya's diaspora sent a record $4.3bn in remittances in 2023, a 5% increase from 2022, with real estate being the leading investment choice.
Kenya's diaspora community sent a record $4.3bn in remittances in 2023, a 5% increase from 2022, with real estate being the leading investment choice. To boost remittances for investment, the Commonwealth report suggests exploring Treasury bills, government bonds, corporate bonds, and shares through unit trust funds. Kenya's central bank has introduced the DhowCSD platform to enable Kenyans to invest in Treasury Bills and Bonds from anywhere in or out of the country, while financial institutions are promoting Kenyan investments to the diaspora community in Europe and North America.
August 14, 2024
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