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Labrish
Nyuuz
Kenya remittances surge past tea and tourism as top earner
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[QUOTE="Nehanda, post: 26740, member: 2262"] Kenya's Deputy President Kithure Kindiki revealed diaspora financial contributions have emerged as the nation's leading source of foreign exchange, surpassing 500 billion Kenyan shillings annually. During conversations with Kenyan representatives based in Namibia, he emphasized these monetary transfers have outperformed traditional revenue generators such as tea exports and tourism sectors, which previously dominated for approximately four decades as primary currency sources for the East African country. The administration aims for these international monetary transfers to reach the trillion-shilling benchmark according to Kenya Kwanza coalition plans. Kindiki expressed appreciation toward Kenyans living abroad, acknowledging their significant role in supporting national economic growth. He stated the administration considers expatriate Kenyans exceptionally important because of their continued financial support that accelerates development projects throughout the homeland. Kenyan professionals residing in Namibia communicated several concerns regarding immigration procedures, transportation challenges, and commercial barriers during their meeting with the Deputy President. These expatriates requested governmental intervention to address these obstacles affecting their international activities. Kindiki assured attendees that the administration remains committed to implementing comprehensive solutions for every issue presented during discussions. He promised to expedite resolution timeframes and expressed surprise at the limited number of reform requests presented. The Deputy President participated in these discussions following his attendance at funeral ceremonies for Namibia's founding President, Sam Nujoma, held in Windhoek. Kindiki attended this significant continental event representing President William Ruto, underscoring Kenya's diplomatic engagement across Africa despite domestic economic challenges facing both administrations. [/QUOTE]
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Labrish
Nyuuz
Kenya remittances surge past tea and tourism as top earner
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