Africa is emerging as a key source of remittances for Kenyans competing with traditional lead markets North America and Europe, and eclipsing the Middle East. A joint report released on October 19 by the World Bank and the Central Bank of Kenya (CBK), says an estimated Sh38 billion was sent by Kenyans living and working [...]
KOBA recently appeared on VoxAfrica TV to debate future UK-Africa trade relations, and the emerging trends and challenges. Telecommunications, banking and retailing are flourishing; construction is booming, and so is private investment. Africa’s collective GDP, at $1.6 trillion in 2008, is now roughly equal to Brazil’s or Russia’s. But many people are questioning whether the [...]
Joel Montgomery, Director of International Expansion at Endeavor recently met with Kenya Overseas Business Alliance (KOBA) officials at the Kenya High Commission. Mr Montgomery was in London to meet with a wider Kenya business community in the Diaspora, regarding Endeavor’s recent plans to establish a regional office in Kenya. Endeavor is a global organization, based [...]
According to the Central Bank of Kenya, remittances to Kenya in August 2011 amounted to nearly US$ 80 million, which was about 53% higher than the same level in August 2010. Read full report here. Tweet
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