Kenyan diaspora act

From: Nicholas Mireri

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BUSINESS

Plan to tap wealth of citizens living abroad

Story by NATION Correspondent
Publication Date: 8/15/2007

Kenyans living abroad could help small enterprises grow, said Planning and national development minister, Henry Obwocha yesterday . The minister said the Diaspora Act, once enacted, would enable them participate more in development issues. “It will form the basic legal framework that will facilitate constructive engagement of diaspora community into the economy,” he said. Speaking during the Second Diaspora/ SMEs (small and medium enterprises) Trade and Investment Conference, Mr Obwocha said the remittances by Kenyans living abroad was Sh70 billion annually. The minister said the conference should find ways to encourage and speed up the process, noting that this should include monitoring and evaluation.