being considered. i want to conclude with a poignant text from the little book " sea prayer " by khaled hosseini. a father prays over his sleeping son as they wait for dawn and a boat to arrive, to start their perilous journey towards the promise of a new life : pray god steers the vessel true, when the shores slip out of eyeshot and we are a flyspeck in the heaving waters, pitching and tilting, easily swallowed. because you, you are precious cargo, marwan, the most precious there ever was. i pray the sea knows this. inshallah. this summit offers an opportunity to chart a new path for engaging the diaspora. how i pray the sea knows this. i wish you fruitful deliberations and a successful summit. thank you! 3 / 3 bis - central bankers'speeches

is also home to an increasing number of start - ups that have achieved unicorn status - enterprises valued at more than us $ 1 billion - that have been founded by indian diaspora. the benefits from the diaspora should go well beyond the remittances. this is an appropriate time for deepening the conversations on how the diaspora can contribute to economic growth and progress especially in africa where significant opportunities exist, and significant resources will be required to put our citizens on the path of shared prosperity. a undp report indicated that by 2050, more than half of africa's population will be under 25. additionally, 25 percent of the world's labor force will be based in africa. between 10 - 12 million people join the labour force in africa each year, yet the continent creates only 3. 7 million jobs annually. this quandary can only be resolved successfully with significant input from all those that have a connection with the continent, and crucially, the diaspora. nevertheless, further work is needed to improve the business environment and thereby attract additional investments. kenya has implemented several measures to improve the business climate, including significant investments in infrastructure, advancing innovative use of technology, among others. these initiatives are key to promoting competitiveness in the economy. a recent survey by us news and world report ranked kenya at position 26 globally - an improvement from position 39 in 2021 - due to its resilience and momentum. it was also ranked the best country to start and run a successful business across the continent in 2022. as i draw to a close, let me mention a new innovation that will expand the available investment opportunities for the diaspora. this follows the digital innovations that allow transactions to be conducted anytime anywhere and with small ticket sizes. cbk is implementing a central securities depository ( csd ) that will improve efficiency and 2 / 3 bis - central bankers'speeches transparency in the government domestic debt market. the csd will mitigate segmentation in the interbank market and enhance liquidity distribution by strengthening the operation of the secured overnight market. more importantly, the csd provides a new and easy way to invest in government securities and will therefore be beneficial to the diaspora. the kenyans abroad will be able to register csd accounts online, from wherever they are, thereby mitigating the current inconvenience of having to come physically to the central bank. they will also be able to invest in government of kenya securities online. additional investment channels in government securities, including diaspora bonds, are also