Prime CS Mudavadi stresses the urgent need to reduce transaction costs for diaspora remittance

Prime cabinet secretary Musalia Mudavadi has stressed the urgent need to reduce transaction costs for diaspora remittances. He has called on all stakeholders to engage in candid discussions to address this critical issue, noting that high remittance costs have negatively impacted Kenya's remittance performance. This dialogue comes at a crucial time, as the controversial Adani airport deal continues to stir debate across the nation. Mudavadi proposed a potential solution: The creation of a kenya diaspora bond aimed at funding major projects, including the airport and other essential infrastructure.