Diaspora remittances remain one of the most reliable capital streams — shaping who shows up in Nairobi rooms and what they’re ready to buy.
Globally, remittances to low- and middle-income countries were expected to reach $685B in 2024, outpacing FDI and official aid in many contexts. World Bank BlogsWorld Bank For Somalia, World Bank/KNOMAD series show remittances consistently form a double-digit share of GDP, underscoring how crucial diaspora flows are for households and SMEs. World Bank
What it means in Nairobi
- Audience: diaspora-backed founders/operators buy fintech, logistics, education, and B2B tools.
- Sponsors: banks/telcos/PSPs can speak to safer, cheaper corridors and SME enablement.
- Program: include a Diaspora Capital segment: compliance, cross-border payments, and moving money into real businesses.
