Gov't to Safeguard Kenyan Diaspora Against Deceptive Relatives
The government is taking steps to safeguard Kenyans residing overseas from falling victim to scams and ensure the security of their investments in their home country.
It is not uncommon for Kenyans residing abroad to be duped by loved ones and acquaintances into buying non-existent properties like houses and land. To counter this issue, Deputy President Rigathi Gachagua has revealed that the government is teaming up with the Central Bank to introduce a program that enables the Kenyan diaspora to invest in treasury bills and bonds. He expresses that many citizens have suffered economic damages at the hands of their family members and that the government plans to institute a trustworthy mechanism for control and inspection purposes.
Gachagua shared these insights on Friday during the conclusion of the 2023 Diaspora Investment Conference which took place at the Kenyatta International Convention Centre in Nairobi. Over 2,800 individuals from diverse backgrounds, including ambassadors and investment firms, attended the conference which spanned three days. During the event, Gachagua stressed the essential role the diaspora community plays in Kenya's development, citing their remittances as critical sources of economic stability.
The Deputy President implored the Kenyan diaspora to boost their savings, encourage their relatives and friends to pursue employment opportunities overseas and sustain their investments in Kenya while residing abroad. Gachagua mentioned that in 2022 diaspora remittances surpassed the $4 billion (Sh615 million) mark. According to Gachagua, the government acknowledges the immense value that Kenyans residing overseas bring to the table. He noted that remittances hold immense significance as they serve as Kenya's primary source of foreign exchange and are thus cherished greatly.
To streamline and speed up the money transfer procedures utilized by Diaspora workers, the government has instructed the Financial Reporting Centre and Asset Recovery Agency to minimize needless red tape, which is an instrumental move towards closing off opportunities for corruption. Additionally, the Deputy President urges Kenyans abroad to seek opportunities to promote Kenyan products and attract investors in their host countries, aligning with the government's Bottom Up Transformation Agenda. By doing so, Kenya's revenue base will expand, and the finest coffee, tea, macadamia, and avocado fruits can finally reach supermarkets through effective marketing efforts.
Gachagua emphasises the significance of Kenyans abroad assuming the role of ambassadors, lending their support to Kenyan envoys in their efforts to entice investors. He underscores Kenya's position as a pivotal nation boasting a robust democracy and efficient financial infrastructure.
Comments (24)
Relatives are not the problem Rigathi! The problem lies within the government offices when they approve fake title deeds and they turn around and tell us the bought property has to be repossessed because the title deed used to sell the property is fake.
Secondly, the building contractors are conning people in the Diaspora left, right and center! For instance, a construction company registered in Nairobi known as DESIGNCON construction company owned by Anthony Muriithi from Mwea Tembere has been scamming money from people in the Diaspora and we ask for Muriithi to be prosecuted and his company closed down!
I don't understand why these folks keep talking instead of taking action and providing land and ready titles for diaspora. Sacco have paved the way in this despite challenges of fake land and titles. Govt has all machinery to enable a smooth process.
Shame on the Thugs that Voted for the 2😁😎JamBazis.
Nothing said here would safeguard crooked, thieving and corrupt relatives from swindling diaspora relatives. Unfortunately, It is a 'defect' in their character.
You cannot just tell a thief to stop stealing.You could fortify your house,hire top notch guards, but still fall victim. I hear no mention about integrity,respect and ethics-requisite for not stealing.
Behavior modification is required.I leave that to our distinguished social scientists.
Blah Blah Blah! He doesn’t seem to really understand the diaspora issues besides his corrupt comrades in the shìthole!!!
I will say again! Diaspora invest where you are sweating. This is how indians have succeeded. They invet where they are established; they dont send money back home, they bring thier relatives to them and estalish permanent residency and social support. Even the DP has clearly stated that he doesnt need you, just your money! And after you relocate, old and tired - you will get played, your life endangered and all will have be in vain! Let yourchildren thrive and rise up the ranks of where you reside.
You are right on this. Indians, Arabs, Somali tend to work together as family and clans and pull resources for opening smoke shop and liquor store. Rest of Africa don't work together as family in this. They are still at level of coming together during social and funeral functions. Death and not biz unites Africans and they bury a lot of money in the ground and return to broke conditions as default
Best said by @Kinyua! Why do I need a house in Kenya when I spend most of my time living abroad!?
I will invest all my cash in the place that I am staying now! Building a house in the US is much cheaper than building that same house in Kenya.
I don’t even have to build a huge high stone walls to surround the house and put heavy metal bars on every window and doors to keep the crooks out.
Volume please! I concur.
THIS STUPID PEOPLE ARE TRYING ALL WAYS TO GET MONEY FROM THE DIASPORA. SOON YOU WILL BE TAXED FOR SENDING MONEY TO KENYA ,PLEASE MSBB( MWAKILSHI SMALL BALLS BOYS) DONT FALL FOR THIS STUPID SCAM
I am more worried about you @toto falling for the scam since you brains are directly connected to the monied old sugar dads!
Totoshit - Big hole whore! No wonder you consider men to have small balls because your hole is immensely huge! It is all rotten with AIDs too!
Your Excellency, provide power, clean water and roads; don't both with our relas.
Who is “your excellency”??? Those crooks you are referring to as “excellency” for stealing poor people’s money? Walai!!
Them shìthole crooks like to be called, Your Excellency, Mheshimiwa, but they are all a bunch of useless do nothingburgers hellbent on corruption and conmanship!!! Shìthole
Precisely! You inflate their small heads when you call the “Mheshimiwa” and you encourage them to keep on stealing and doing the wrong things to the poor people. Call some crook by his or her name - if it’s Moses Kuria just refer the idiot as such..
Exactly! 👍🏽
They should be called "Mheshimless" till they prove that they are worthy of the respectful tile- Mheshimiwa
I love this if you know what I mean. Go Riggy G, go!
BIGGY IS TRYING ALL HE CAN TO GET MONEY FROM PEOPLE IN DIASPORA. WITH HIS STUPID IDEAS AND BIG COAT HOW DAMNJUDT LIKE MSBB
Riggy is your type of sugar dads just like your beloved Kevin! You love them big buzzy jackets full of stolen money to keep your fist size teats warm. Real men prefer something they can hold on in the chest! You got none!
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