On the sidelines of the conference on Somalia held in London, President Uhuru Kenyatta met with Kenyans working and living in London, and urged them to invest more in Kenya. He urged them to continue sending their monthly remittances, but also look for investment opportunities to grow their home country. Currently, remittances from abroad top nearly a billion dollars- kshs.84 billion.
However, most of the money is for consumption, rather than for investment opportunities. However,
Kenyans abroad have always complained that there is a lack of clear framework on how they can invest in Kenya, and they rely mostly on relatves back home,w ho sometimes end up squandering the money.
Thursday 9 May 2013
President Kenyatta urges Kenyans abroad to invest home.
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