• About
  • Advertise
  • Privacy & Policy
  • Contact
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.
Advertisement
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
No Result
View All Result
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
No Result
View All Result
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.
No Result
View All Result
Home News News

Remittances Weak Cover for Shilling

by
5th March 2019
in News
0
Remittances Weak Cover for Shilling
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The shilling has largely remained stable in the recent past against major international currencies such as the US dollar, Sterling pound and the euro, partly helped by strong diaspora remittances.

Parliamentary economic and fiscal advisory team has warned that the act of Kenya is relying on the diaspora dollar to keep the shilling stable faces a high risk in the days ahead.

Remittance inflows rose by 38.55 percent hitting $2.7 billion in 2018. Recently, this played a crucial role in building Kenya’s foreign stock exchange reserves for buffer during times when the shilling is under pressure.

“Though diaspora remittances have grown significantly in the past, they are not reliable as a source of foreign exchange,” the unit within the National Assembly that advises legislators on financial, budgetary and economic matters says in a report released last week.

“Focus should, therefore, be on attracting Foreign Direct Investment (FDI) as well as diversifying and growing the country’s exports.”

According to the United Nations Conference on Trade and Development (UNCTAD) report, Kenya still falls behind Ethiopia, Uganda, and Tanzania in attracting FDI’s despite its developed economy in the region.

Nairobi recorded Sh67.05 billion in 2017 which is a 71.79 percent increase from Sh39.03 billion recorded in 2016. Ethiopia recorded Sh360.29 billion, Tanzania Sh120.09 billion and Uganda recording Sh70.06 billion.

Below are some of our projects that you might want to invest in:

PLOTS AND HOUSES FOR SALE
Kenya2U has Great Property Deals Just for You!
• Intercity Gardens in Kitengela@ Ksh1.895M
• Tinga Springs in Kajiado @ Ksh99,000
• Ruaka Ridge homes in Ruaka @ Ksh7.1M
• Grey Oak property in Nanyuki @ Ksh350,000
• Grey Oak property in Athi River @ Ksh450,000
• Blue Bells Apartment along Beijing Road @Ksh7.4M
• inFinity Properties in Kantafu @Ksh 625,000
Call 0742343908 to Book yours Now!

Source: https://www.businessdailyafrica.com/economy/Remittances-weak-cover-for-shilling/3946234-5007358-8loucez/index.html

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to print (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Skype (Opens in new window)

Like this:

Like Loading...

Related

Previous Post

South Africa’s Biggest Retailers, Massmart Holdings Set To More Stores In Kenya

Next Post

Kenya’s Fresh Produce Gets a New Market, China

Next Post
Kenya’s Fresh Produce Gets a New Market, China

Kenya's Fresh Produce Gets a New Market, China

  • Trending
  • Comments
  • Latest
Chilli Farming in Kenya, The Untapped Venture

Chilli Farming in Kenya, The Untapped Venture

20th August 2020
kenya2uhub.com

List of Chinese Construction Companies in Africa

5th February 2021
Raspberry Farming in Kenya: the sign of sucess

Raspberry Farming in Kenya: the sign of sucess

14th February 2022
One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

15th March 2019
Kenyans in UAE Diaspora to Benefit from EXPO 2020 Dubai

Kenyans in UAE Diaspora to Benefit from EXPO 2020 Dubai

3
Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

1

Aljazera interview with Uhuru – Tuesday 22nd

0

Tazama

0

President Ruto – ” A Momentous Occasion For Kenya”

14th September 2022
“A Cultural Metropolis” – No Place Like Home

“A Cultural Metropolis” – No Place Like Home

15th July 2022
protest in Nairobi, Kenys

Activists Protest Cost of Living Crisis In CBD

7th July 2022
Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

17th June 2022

Recent News

President Ruto – ” A Momentous Occasion For Kenya”

14th September 2022
“A Cultural Metropolis” – No Place Like Home

“A Cultural Metropolis” – No Place Like Home

15th July 2022
protest in Nairobi, Kenys

Activists Protest Cost of Living Crisis In CBD

7th July 2022
Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

17th June 2022
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.

Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.

Follow Us

Browse by Category

  • Business
  • Fintech
  • Hospitality
  • KCB DIASPORA AGENT
  • News
  • News
  • Real Estate

Recent News

President Ruto – ” A Momentous Occasion For Kenya”

14th September 2022
“A Cultural Metropolis” – No Place Like Home

“A Cultural Metropolis” – No Place Like Home

15th July 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Copyright 2022 Kenya2uhub.com Powered by Domains Africa Technologies

No Result
View All Result
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...
 

    %d bloggers like this: