According to the Central Bank of Kenya, diaspora remittance surpassed the forecast, reaching approximately sh. 671 billion ($4.19 billion), marking a significant 18% growth from the previous year. This ranks Kenya as the third largest recipient in sub-Saharan Africa and fifth on the continent, indicating the substantial contribution from the diaspora community.
The report indicates more than half of these remittances are directed towards investments, particularly in real estate and mortgage payments, showcasing a shift towards productive uses of funds. Remittances have become Kenya’s largest source of foreign exchange over the past 9 years, playing a crucial role in stabilizing the economy.
https://www.optiven.co.ke/newsblogs/optiven-lead-diaspora-markets/
Optiven Real Estate in 2024 traversed more than 120 cities all over 5 continents contributing to this feat as the Valuable Brands Awards acknowledged the brand for its diaspora efforts. This focus on real estate has played a key role in national development promoting investment opportunities back home resulting in capital inflow leading to enhanced value additions on the projects.
“This achievement highlights the power of partnership between the Kenyan diaspora community and trusted brands like ours as we continue contributing to Kenya’s progress on the global stage”, diaspora relationship manager Asia Kate Khole highlighted.
Invest with Optiven
Call / SMS : +254 790 667799
Whatsapp: https://wa.me/+254790667799
Email : diaspora@optiven.co.ke
Optiven Office USA
Kent, Washington State (Pacific North West office)
1819 Central Ave South Building C #139, Kent, WA,98032
