President Ruto Oversees Kenya-Qatar Financial Agreement and Announces New Remittance Plan - November 2025

President William Ruto oversaw the signing of a landmark financial cooperation agreement between Kenya and Qatar, aiming to bolster financial integration and attract investment. The deal was made between the Nairobi International Financial Centre Authority (NIFCA) and the Qatar Financial Centre (QFC). Speaking in Qatar, President Ruto announced new government measures to significantly reduce the cost of remittances for Kenyans in the diaspora. The President directed the Central Bank of Kenya (CBK) to collaborate with the International Association of Money Transfer Networks (IAMTN) to create a more affordable framework. During the visit, President Ruto also hosted an diaspora engagement with Kenyans living in Qatar.

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Wednesday 1:08 PMKenyans

Ruto Announces New Plan to Cut Cost of Sending Money Home for Kenyans in Diaspora

President William Ruto has announced new government measures to significantly reduce the cost of sending money home for Kenyans in the diaspora. Speaking in Qatar, Ruto directed the Central Bank of Kenya (CBK) to collaborate with the International Association of Money Transfer Networks (IAMTN) to create a more affordable and efficient remittance framework.