CBK woos Kenyans abroad with investment incentives
Tuesday April 06 2021
By CONSTANT MUNDA
Summary
Central Bank of Kenya (CBK) is looking at developing a framework that will offer special incentives to Kenyans abroad who set up businesses back at a home.
CBK partnered with the Foreign Affairs ministry and Kenya National Bureau of Statistics in conducting a poll on the diaspora between January and March 2021.
Central Bank of Kenya (CBK) is looking at developing a framework that will offer special incentives to Kenyans abroad who set up businesses back at a home.
Governor Patrick Njoroge says the findings of a survey the bank ran on Kenyan diaspora and recipients locally will inform the development of a facilitative policy that encourages increased targeted direct investment flows by citizens living and working abroad.
Proposed Law Offers Hope to Kenyans in the Diaspora
Kenyans living in the Diaspora during the 2017 elections
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Kenyans living in the Diaspora may soon enjoy better representation following a Bill that was tabled on Thursday, February 18 seeking to allow them to be nominated in parliament.
Ndia MP George Kariuki has sponsored the bill, arguing that nomination will give them an opportunity to express the interests of all those living in the diaspora.
Ndia MP George Kariuki
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Currently, the constitution gives room for the nomination of 12 persons by political parties proportional to their numbers in the National Assembly to speak for the youth, persons with disabilities, and workers.