- Kenya plans to issue its first diaspora-targeted bond in 2025 to diversify foreign funding sources.
- The bond aims to leverage $4.9 billion in annual remittances to mitigate foreign currency risks.
Nairobi, Kenya – Kenya is banking on its growing diaspora as a new source of investment, unveiling plans to issue its first local currency-denominated bond targeting overseas citizens. The move, part of the draft medium-term debt management strategy for 2025, aims to reduce foreign currency exposure while tapping into a vital source of foreign exchange. Diaspora remittances surged to $4.9 billion in 2024, outpacing key exports like coffee, tea, and horticulture.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
