Tirus mwithiga Group Director, Retail Banking, NCBA
NCBA Bank has launched the Daring Returnees Forum 2024 in collaboration with Chams Media Ltd., aimed at empowering Kenyans returning from the diaspora. This initiative highlights the bank’s commitment to enhancing financial inclusion and supporting the unique needs of returnees.
The forum provided a vital platform for attendees to explore investment opportunities and share personal experiences while contributing to Kenya’s economic development through skills and knowledge transfer. Industry experts, successful returnees, and thought leaders shared insights to help participants navigate the reintegration process and seize opportunities within Kenya’s evolving economic landscape.
Mr. John Gachora, NCBA Group Managing Director and CEO, emphasized the importance of the forum, stating, “We are excited to support The Daring Returnees Forum 2024. This event aligns perfectly with our mission to empower Kenyans returning home. Our revamped diaspora banking value proposition addresses the needs of individuals at every stage of their journey, from those relocating to those returning.”
NCBA showcased a comprehensive suite of banking services designed specifically for diaspora returnees, including loan facilities, investment advisory services, and other tailored solutions. These offerings aim to facilitate financial stability and investment success for returnees as they reintegrate into Kenyan society.
Alex Chamwada Founder & CEO of CHAMS Media Ltd,
The Kenyan diaspora significantly contributes to the nation’s economy, bringing in approximately $3 billion in remittances annually, which represents about 3 percent of the country’s GDP. Returnees not only provide financial support but also enhance the workforce with valuable skills and knowledge, crucial for driving economic growth.
The Daring Returnees Forum celebrated the bold decisions of Kenyans choosing to return, recognizing their essential role across various sectors in the economy. Through its partnership with Chams Media, NCBA aims to provide a supportive platform for these individuals, facilitating their contributions to the nation’s development.
NCBA is dedicated to fostering economic development through strategic partnerships that enhance its Diaspora Banking services. The bank has established collaborations with fintech companies and money transfer service providers, including Western Union and MoneyGram, to streamline international money transfers for the diaspora.
Additionally, NCBA has partnered with real estate developers to assist Kenyans abroad in acquiring property back home, ensuring a smooth transition for returnees. These efforts solidify NCBA’s position as the preferred financial partner for individuals returning to Kenya, committed to supporting their financial goals and fostering innovation in the sector.
As the Daring Returnees Forum 2024 unfolds, NCBA remains steadfast in its mission to empower the Kenyan diaspora, fostering a brighter economic future for the nation through the talents and investments of its returning citizens.