Kenya: Diaspora remittances hit 3% of Kenyan GDP

posted in: Africa, Afrique

Nairobi, Kenya (PANA) – The three million Kenyans in the Diaspora remitted 113 billion Kenyan Shillings in 2013, accounting for 3% of the country’s GDP, Foreign Affairs and International Trade Cabinet Secretary, Amina Abdalla, has said.

This, Abdalla said, implies that the Diaspora, which is an important part of Kenya’s social and economic fabric, has huge potential to positively contribute to the growth of the country’s economy.

Speaking at the launch of the Kenya Foreign and Diaspora Policy in Nairobi, the cabinet secretary said in spite of this, Kenyans living abroad face challenges, among them the high cost of remitting money.

Other challenges include the Kenya Government’s inadequate capacity to offer consular services.

There is also the problem of weak structures to inform Kenyans in Diaspora of investment opportunities back home,  and the lack of an integrated database on Kenyans abroad.

“Kenya Diaspora Policy’s broad objective seeks to improve the welfare of Kenyans abroad and to mainstream their participation in the national development process in line with Vision 2030,” she said.

Welcoming guests, who included President Uhuru Kenyatta, who presided over the function, Abdalla said much as Kenya has always had a Foreign Policy, it was the first time it was being published since attaining independence in 1963.

 

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