The Kenyans working and living in the middleeast, EU, Orient and USA have been sending billions of shillings every month to Kenya.
They bring in more money than Tea, Coffee and Tourism. This shows they have the ability to fund a Bond all by themselves. This is a good thing in that the Kenyans will earn that interest that Kenya is paying IMF and those other lenders.
Now before anybody says Jubilee govt corruption remember that [COLOR=rgb(184, 49, 47)]A Bond must be paid. Govt cannot default on a Bond meaning the investors would be protected fully.
[COLOR=rgb(0, 0, 0)]They have been talking about that Diapora Bond for years, why not do it now?
[COLOR=rgb(41, 105, 176)]Latest Central Bank of Kenya (CBK) data show the cumulative inflows in the four months to April stood at Sh86.7 billion ($858.6 million), compared to Sh57.7 billion ($571.2 million) in a similar period in 2017.
That bond would help Kenyans living abroad to pocket that bond interest instead of it going to the greedy and evil mzungu.
Good idea…but hii itaumiza wale majamaa wako mashinani wenye ndio beneficiaries.
All over sudden uanze kusikia serikali saidia…in short the diaspora currency flow is better for the micro and macro economies when not in the hands of the government.
Most of the diaspora money usually is to settle up personal liability or portional investments in bloti maguta maguta.
Mind you such bonds attract low interest rates and I doubt diaspora or not will be willing to venture into them.
Good idea but we will have to change the mind set of the diasporans sending the billions first. My bet is that 95% of them do not know what a bond is. And then the government does issue bonds every month anyway. Just rename one of them. [ATTACH=full]177160[/ATTACH]