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Kenyans in the diaspora eye local investments

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Foreign Affairs Cabinet Secretary Alfred Mutua. [Elvis Ogina, Standard]

Kenyans living abroad are set to explore new investments and remittances opportunities in the country in an investment conference set for next month.

Bolstered by the approach that the new administration is taking towards the diaspora with a new State Department for Diaspora Affairs, the Kenya Diaspora Alliance said there is opportunity to double the remittances to between $5 billion (Sh600 billion) and $6 billion (Sh720 billion) by 2030.

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