IamLee
JF-Expert Member
- Apr 23, 2017
- 6,628
- 7,820
Do you know how many companies exist in Kenya through foreign remmitances? Do you know that most kenyans who work abroad come back home after building companies and eliviating their families out of poverty? How many real estates, infrastructures, hotels...damn the biggest hospital in kenya under construction is by a kenyan living abroad.. i could go on, if that ain't "building economy" I don't know what is..There is nor country in the world which built it's economy through Remittances, actually Remittances can cause harm to the economies if not we'll regulated.
You need to go outside and bring back technologies and machineries to build the country's economy from within, to enable people to built the economy of the country.
Yes, for short term, Remittances can help some few people, but one of the biggest problem of Remittances is " inflation".

