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Kenyan diaspora remittances are set to exceed KES 1.1 trillion in 2026, prompting the government to launch new investment bonds to tap into this economic powerhouse.

The Kenyan diaspora has officially become the country’s economic backbone. New data projects that remittances will surpass the KES 1.1 trillion mark in 2026, eclipsing tea, coffee, and tourism combined as the leading source of foreign exchange.
This financial muscle—equivalent to funding 50 Nairobi County budgets—has prompted the government to launch the Kenya Diaspora Investment Strategy (2025–2030). The goal? To shift these billions from household consumption (school fees and rent) to productive investments like the proposed "Diaspora Bonds" for infrastructure.
However, the strategy faces a hurdle: trust. Kenyans abroad are wary of government vehicles, citing corruption and the historical "disenfranchisement" of the diaspora vote. "We send money home, but we don't see where our taxes go," said a community leader in Toronto.
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