Beyond real estate: Diversification path for Kenya’s diaspora

Guests follow proceedings during the Kenya Diaspora Alliance (KDA) partners briefing at the Laico Regency Hotel in Nairobi on December 5, 2019.

Photo credit: File | Nation Media Group

Kenyans living and working abroad constitute a fundamental pillar of the nation’s economic framework. In 2024, diaspora inflows topped $4.95 billion (approximately Sh752.4 billion), surpassing foreign exchange earnings from tourism, tea, and horticulture.

According to the CBK, by the first half of 2025, remittances were above $2.5 million, which shows a great improvement. While the volume of these funds continues to rise, a large portion ends up in the same destination- real estate.

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Note: The results are not exact but very close to the actual.