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Debate on diaspora bond sparks mixed reactions among Kenyans

Prime Cabinet Secretary Musalia Mudavadi during an interview with The Standard Group at his offices in Nairobi on December 17, 2024. [Elvis Ogina ,Standard]

Kenya's ambitious proposal to launch a diaspora bond as a financing model for monumental infrastructure projects has stirred spirited debate among citizens both at home and abroad.

The concept, unveiled by Prime Cabinet Secretary Musalia Mudavadi during Diaspora Day celebrations at the Kenyatta International Convention Centre (KICC), seeks to tap into the robust financial power of Kenyans abroad, whose remittances hit a record $4 billion (Sh520 billion) in the first ten months of 2024.

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