Kenya plans to increase diaspora remittance to sh1 trillion by 2027, Prime Cabinet Secretary Musalia Mudavadi has announced.
Speaking on Thursday, August 29, during the Western Edition of the Kazi Majuu Job Fair in Vihiga County, Mudavadi said that the government has stepped up the number of those getting jobs so that they can benefit from the dollars through remittances.
Mudavadi disclosed that last year, Kenyans working abroad sent home Sh.671 billion which was higher, than the traditional foreign income earners of tea and coffee combined.
“We want to push the remittance to a trillion in the next three years. Currently, Kenyans in foreign countries are increasing in number through our government’s intervention and bilateral agreements,” Mudavadi stated.
He emphasized the role of youth employment abroad in enhancing Kenya’s foreign revenue and improving the livelihoods of families nationwide.
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“If we do not continue to build diaspora remittances as a major resource, we risk a run on the Kenyan shilling,” he warned.
Mudavadi mentioned that Kenyans are in high demand globally due to their work ethic and fluency in language.
He pointed out that even international call centers, such as Delta Airlines, employ Kenyans who work remotely from Nairobi’s Tatu City, earning salaries in dollars.