Kuna idea I think we should explore hapa and also people should engage
In China a loan has an interest of about 3-5%
While In Kenya it's in between 15%-22%
"I stand to be corrected"
If that is the amount of return then automatically our(Kenya) unit trust have higher returns
Eg:
MMFs:6%-12%
Fixed fund:15%-22%
Government Bonds:10%-15%
This are just examples and theres much more if we look deep
Now the idea
If we are performing that way can't we find a way to bring that money from such countries and invest in our economy make profit then pay back ,,,,,,
For context
Let's say you access $100k from china with a return of 5% p.a
Then you put the money in a Kenyan MMF with a return of 6%p.a
The difference in return is your take home
In this context its 1%
In $100k that is $1k
1000Γ130=130,000kes in a year
That is around 11000kes per month
Without doing anything
now imagine doing on bigger return firms
The diaspora people can contribute
From Vaso
Hii idea mnaona aje?