Deputy President Kithure Kindiki announced that diaspora remittances are now Kenya’s leading source of foreign exchange, surpassing Sh500 billion. He stated the goal is to increase this figure to a trillion shillings, and acknowledged the challenge raised by Kenyan professionals in Namibia regarding immigration and trade issues.
Deputy President Kithure Kindiki recently highlighted that diaspora remittances have emerged as Kenya’s foremost source of foreign exchange, exceeding Sh500 billion. In a meeting with Kenyan representatives in Namibia, he emphasized the significant role these remittances play in supporting crucial sectors such as tea and tourism, which have historically been major contributors to the nation’s economy.
In conclusion, Deputy President Kindiki underscored the essential role of diaspora remittances in Kenya’s economy, marking them as the top foreign exchange earner now and expressing the government’s ambition to boost them to a trillion shillings. He also acknowledged the needs of Kenyans abroad and assured them that their concerns will be addressed efficiently.
Original Source: www.the-star.co.ke
