Kenya’s ABC Bank will be in Fortworth, TX on October 12 and 13, 2016

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Due to many requests to return to Dallas, Texas, ABC Bank Kenya will be in Dallas on Tuesday andWednesday of this week.
The team will be at Buffet D-afrique & Bar on Wednesday, October 12th at 7pm. Buffet D-afrique is located at 5250 North Tarrant Pkwy, Suite 130, Fort Worth, TX 76137.
The trip is part of ABC Bank’s strategy on Diaspora engagement and partnership-building to harness the emerging opportunities both in the US and in Kenya that the Diaspora Community can take advantage of. The fair will provide an opportunity to the team to meet with over 3,000 Kenyans drawn from across USA and Canada.
ABC Bank recognizes the crucial role Kenyans in Diaspora play in building the economy of the motherland Kenya, and is keen on partnering with them to conveniently midwife that process.  For instance, Kenyans working abroad increased the money they sent back to the country by 6.3 per cent in June to hit a record Sh15.6 billion, according to the latest data from the Central Bank of Kenya (CBK). The data further shows that remittance inflows from North America increased by Sh831 million or 11.9 per cent and accounted for 49.3 per cent (Sh7.79 billion) of total inflows in June while inflows from the rest of the world increased by 13 per cent.
Higher Diaspora remittances help narrow the country’s balance of payments deficit thereby supporting the local currency. Diaspora remittances are the single largest contributor to foreign exchange ahead of major exports such as tea. This all-important cash flow from abroad is crucial in cushioning the shilling from dollar pressures.
Contact Person: Joseph Waithaka
Joseph Waithaka
Head, Diaspora Banking
ABC Bank Ltd, ABC Bank House, Westlands

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