An article in the Business Daily in Kenya reports that the Central Bank of Kenya (CBK) projects remittances from the Kenyan diaspora will grow to KSh 676 billion. Dan Kamau, the Diaspora University Town (DUT) project director, wants about 0.5% (Ksh 3 billion of the 676 billion) remitted and invested in the DUT townhouse and MSME plans in 2026. He is promising the Diaspora that those who remit their money to invest in DUT will see their wealth grow. He says that DUT will grow the Ksh 3 billion (about $24 million) to become Ksh 20 billion (about $160 million) in new wealth by 2030.
Dan offers three investment plans for the Ksh 3 billion (about $24 million) as follows: 1,000 Units DUT Townhouse development investment of Ksh 750 million (about 6 million); Investment in shares of DUT Credit plan Ksh 1.05 billion (about 8.4 million), and investment in shares of Daktari Biotechnology Ltd Ksh 1.2 billion (about $9.6 million).
In the first investment plan for the townhouse development, the former Kenyan Diaspora member tells his fellow Diaspora that the plan is ready and that 1,000 townhouses can be fully built over the next 5 years. He says once the houses are completed, they will be financed through the Kenya Mortgage Refinance Company (KMRC) product, which is advanced through 27 financial institutions. He says that in 2030, the 1,000 houses could reach an equity value of Ksh 12 billion with a loan of about Ksh 7 billion. The difference of Ksh 5 billion would reflect the return of the Ksh 750 million investment.
The second investment will go to DUT Credit Ltd, which already exists. Dan says DUT Credit Ltd will have its headquarters on one of the 3,778 plots at DUT, a 3-acre plot opposite the Diaspora University. He projects the following results by 2030: Assets of Ksh 70 billion, mainly loans advanced. The assets are financed by loans from other financial institutions and share capital. The biggest asset in the Ksh 70 billion would be loans given to finance some of the 3,778 properties at DUT. He projects that the Ksh 1.05 billion put in through share capital would grow to about Ksh 7 billion by the close of 2030.
Talking about the third plan of Daktari Biotechnology Ltd, shares of Ksh 1.2 billion, Dan says this plan would achieve assets of about Ksh 100 billion, made up of the technologies, properties, machines, supplies, medicines stocks, vaccines stocks, and other assets. Shareholders and loans from financiers would finance these assets. Dan projects that the company will reach a valuation of Ksh 20 billion. The Ksh 1.2 billion would grow to about Ksh 8 billion, about 7 times the original amount.
Further pitching to the Diaspora Kenyans who are projected to remit an average of Ksh 1.8 billion a day in 2026, Dan says the Ksh 3 billion that Diaspora send to DUT will not only grow to Ksh 20 billion in value through the three investments of housing, financial company and medicine vaccine company; but, will also generate income that the capital investors can receive as dividends or rental income.
In conclusion, he tells Diaspora Kenyans that those who choose to remit Ksh 3 billion will be remitting to invest in creating jobs and advancing the rights guaranteed by the Constitution of Kenya, including food, housing, healthcare, theenvironment, and other rights.
He humbly asks Diaspora Kenyans to invest Ksh 3 billion in DUT by signing up to become DUT townhouse developers and taking shares in DKTB as angel investors.
