The diaspora inflows are estimated to be much higher than the official statistics which are based on what is remitted through official channels. By CONSTANT MUNDAMore by this AuthorKenyans working and living abroad are now sending home four times more cash than a decade earlier, official statistics show, underlining their importance in growing national wealth. LARGEST SOURCEThat’s a 41.9 per cent growth compared to (Sh183.38 billion) remitted within 12 months through August 2017. An estimated three-quarters of Kenya’s diaspora remittances, however, go to charities and family support obligations such as school fees and medical bills. Kenya Diaspora Alliance (KDA) chairman Shem Ochuodho maintains that could be reversed in favour of investments if citizens abroad were offered incentives such as tax rebates to invest back home.

Source: Daily Nation November 04, 2018 09:33 UTC