From Remittance to Investment
How can money sent home build lasting businesses, infrastructure and wealth, alongside what families need today?
- Collins Kotia, CEO, Zaria Mobility (Kenya)
- Questions and contributions from the audience
- Trust is the main obstacle: unclear use of funds, unreliable intermediaries, corruption, and policies announced but not implemented.
- Market entry is practical work: background checks, local knowledge, registration, licences, running costs and ongoing support.
- Pooling money: collective diaspora funding such as Kwanda, with transparent management and reporting.
- Digital payments: M-Pesa, Orange Money, MoMo, TapTap and Wapi Pay, and what transfers cost, how fast and how traceable they are, including between African countries.
- Every market is different: banking and connectivity in The Gambia compared with Kenya’s digital finance.
- Tax and incentives: special economic zones, double taxation, and the gap between policy and practice.
- Sectors raised: education and EdTech, beauty and cosmetics, renewable energy, the creative and blue economies, mining and forestry.
Willingness to invest needs a dependable route into action: credible information, workable structures, accountable partners and knowledge of local conditions.