Business

Kenya Calls on Diaspora to Increase Home Investment

Government says most remittances from citizens abroad are spent on consumption.

Modern skyline with glass office towers and apartment blocks under a pale sky
Illustrative image, not from this event. Seth Salimo / Unsplash (Unsplash License (free commercial)) · Source

Kenya is encouraging its citizens living abroad to increase investment in their home country, according to Capital FM.

The government states that 80 per cent of remittances sent by diaspora Kenyans are currently used for consumption rather than investment purposes.

Source: Capital FM · Business

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