Investment Strategies used by Diaspora Citizens in Social Economic Development in Kenya

Simple item page
dc.contributor.authorMbabu, Nelly Muthoni
dc.contributor.authorOndere, Phillip Kilonzo
dc.date.accessioned2025-10-07T13:51:23Z
dc.date.available2025-10-07T13:51:23Z
dc.date.issued2024-06
dc.descriptionArticle
dc.description.abstractThe aim of this study was to explore the investment strategies used by diaspora citizens in social economic development in Kenya. This study was anchored on the Rational Choice Theory. The study adopted a qualitative research design. The target population included employment agencies that take people to gulf region, government official in the ministry of labor and social services and foreign affairs ministries, returned migrant workers from the Gulf Region, diasporas already in Gulf and their custodians. The study used both snow balling and purposive sampling to select the respondents. Questionnaires, interview guide and Focused Group Discussion (FGD) were used as the main instruments of data collection. The data was organized, edited, analyzed and interpreted qualitatively using thematic analysis and was used in identifying key patterns and themes from interviews. This was presented using narrative form and in relation to the key study objective. Based on this objective, the study findings revealed that the diasporas have offered welfare support, creation of investment, poverty alleviation initiatives, monetary remittances while working in the gulf and by venturing into various businesses. The findings also revealed that remittance flows to Kenya are regular and are remitted monthly, directed at nuclear family members and largely cater for basic household needs such as food, household goods, medicine, paying rent, paying school fees, paying household utilities, clothing needs, setting up businesses and for medical services. The study concluded that investment strategies used by diaspora citizens have a significant effect on social economic development in Kenya from 2014-2022. The study recommends that the government should implement a friendly policy that ensures that the members of the diasporas contribute to national development and this is through introducing productive ventures that will encourage them to remit money back home for national development.
dc.identifier.citationMbabu, N. M & Ondere, P.K. (2024). Investment Strategies used by Diaspora Citizens in Social Economic Development in Kenya. Journal of African Interdisciplinary Studies, 8(6), 177 – 191
dc.identifier.issn2523-6725 (online)
dc.identifier.urihttps://ir-library.ku.ac.ke/handle/123456789/31610
dc.language.isoen
dc.publisherJournal of African Interdisciplinary Studies
dc.titleInvestment Strategies used by Diaspora Citizens in Social Economic Development in Kenya
dc.typeArticle
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Full-Text Journal Article.pdf
Size:
235.46 KB
Format:
Adobe Portable Document Format
Download
Thumbnail Image
Name:
Full-Text Journal Article.pdf
Size:
235.46 KB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
2.66 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
RP-Accounting and Finance Department