[Jonah Onyango, Standard]Coronavirus caught the world flatfooted, but nothing has pulled a surprise on economic experts more than the hike in diaspora remittances to poor nations during the pandemic. In Kenya, what has kept the economy breathing during the pandemic has been agriculture and diaspora remittances. Read MoreLast year alone, Kenyans sent home more than Sh337 billion, according to Central Bank of Kenya (CBK) data. But since then, they have staged a remarkable recovery as diaspora Kenyans kept the giving spirit alive. “We need to have a strategy in our medium-term debt plan, that we have alternatives, and we are aggressively pursuing euro-denominated loans,” Yatani said.

Source: Standard Digital January 15, 2021 18:12 UTC