News Column

Kenya to host Africa remittance institute

February 3, 2014

Kenya has been selected by the African Union Executive Council to host the African Institute for Remittances (AIR). The Council asked the African Union Commission to conclude the host agreement with Kenya so as to ensure the formal take-off of the institute this year. It also asked the World Bank and other development partners to support the institute which is scheduled to be fully operational by 2015. ÂI am delighted that the Executive Council has decided that Kenya will host the AIR. The establishment of the AIR, the first of its kind in the world, is a cornerstone in harnessing Diaspora resources for social and economic development in Africa , said Dr. Mustapha S. Kaloko , Commissioner of Social Affairs of the African Union Commission in a statement issued in Nairobi on Monday. Kaloko called upon development partners to continue supporting the institute. Kenya is one of four member countries that had expressed interest in hosting the AIR secretariat. The AU resolved in 2010 to create AIR in the framework of the Africa-European Union partnership on Migration, Mobility and Employment, to leverage the untapped development potential of remittance flows to the continent

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Source: Agence de Presse Africaine

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