Deputy President Kithure Kindiki announced that diaspora remittances have surpassed Sh500 billion, becoming Kenya’s leading foreign exchange earner. He aims to increase these remittances to one trillion shillings, acknowledging their critical role in the economy. Concerns from Kenyans in Namibia regarding immigration and trade were met with assurances of government commitment to resolve issues swiftly.
According to Deputy President Kithure Kindiki, diaspora remittances have become Kenya’s primary source of foreign exchange, exceeding Sh500 billion. During his address to Kenyan representatives in Namibia, he emphasized the significant role these remittances play in the economy, particularly in supporting key sectors such as tea and tourism. The Deputy President acknowledged that for nearly four decades, these sectors had been leading foreign exchange earners, but remittances have now overtaken them as the most substantial contributors.
He disclosed the government’s ambitious goal of increasing remittances to one trillion shillings as part of the Kenya Kwanza manifesto. The Deputy President highlighted the unique position of the diaspora in national development, stating,
“We place diaspora in a very special place, because you are helping develop our country, and we value that input.” During the meeting, notable concerns were raised by Kenyan professionals in Namibia regarding immigration, travel logistics, and trade.
In response, Deputy President Kindiki reassured the diaspora community that the Kenya Kwanza administration would address these issues adequately and promptly. He expressed commitment to resolving challenges they face, remarking,
“It is in our interest as a country to unlock all of them without exception.” This meeting took place following the funeral of Namibia’s founding President, Sam Nujoma, where Kindiki represented President William Ruto.
In summary, the Kenyan government’s recognition of diaspora remittances as the top foreign exchange earner highlights their crucial economic role. With an ambitious target set for remittances to reach one trillion shillings, the government demonstrates its commitment to improving support for Kenyans abroad. The concerns raised by Kenyans in Namibia underscore the importance of addressing diaspora challenges to enhance their contributions to national development.
Original Source: www.the-star.co.ke
