Browsing: African diaspora community

• Kenya is among the top three countries receiving the most international remittances across sub-Saharan Africa, after Nigeria and Ghana. Overall, the US, Saudi Arabia and UK account for nearly three-quarters of total annual inflows into Kenya.
• Kenyans living abroad sent home $357 million in March 2023, a 15.5 percent increase compared to February.
• As a whole remittances from the African diaspora are estimated at $95.6 billion annually, making it a key foreign exchange earner.     

Diaspora remittances have risen to become Kenya’s largest foreign exchange earner, surpassing the country’s key exports such as tourism, tea, coffee and horticulture. According to Central Bank of Kenya (CBK) data, diaspora remittances rose by 8.34 percent to $4.027 billion in 2022. In the same period under review, tea exports earned the country $1.2 billion, horticulture $901 million, chemicals $521 million, coffee $301 million and petroleum products $77 million. The widening disparity highlights the crucial role …

• The African diaspora is a diverse group, with communities found in countries all over the world, including the Americas, Europe, and Asia.
• The African diaspora can contribute to Africa’s GDP and development through investment, remittances, and the transfer of skills and knowledge.
• Diaspora investments also add significant value to African enterprise. The World Bank records over US$80 billion sent to and within Africa in 2020.

The African diaspora, the dispersal of people of African descent throughout the world, has had a significant impact on both Africa and the African diaspora communities. The transatlantic slave trade, colonialism, and other historical events have led to the dispersal of millions of people of African descent throughout the world. The experiences of people of Africans in diaspora communities have been shaped by these historical events and continue to be felt today.

The African diaspora is a diverse group, with communities found in countries all …