Kenya diaspora remittances grow to record $4bn

Money sent home by Kenyans living abroad continued on a growth trajectory to hit a record Ksh671 billion ($4.19 billion) in 2023, significantly boosting the country’s current account balance amid falling export revenue. Data from the Central Bank of Kenya (CBK) shows that diaspora remittances in the 12 months to December 2023 increased by 4 …

The US-Africa Leadership Summit: Engagement with the African Diaspora

Among the many ambitious goals coming out of the December 2022 US-Africa Leaders Summit was a focus on working with the African diaspora and young African leaders. Just over a year after the summit, Michael Walsh, Melvin Foote, Wendy Wilson, Krista Johnson, and Sinfree Makoni, noted experts on Africa, join FPRI’s Africa Program Chair Charles …