Dr. Pascal Mwambi of Lushangonyi, Wundanyi, Taita Taveta, and Amref International University in Nairobi became a founder of Diaspora University and Diaspora University Town (DUT) with the signing of the DUT Townhouse Investment and Development Agreement (THIDA). He is today a developer of two of the planned 3,500 townhouses that will pull Ksh 25 billion to Taita Taveta County. He also became a founder of Diaspora University and began developing a plan for the Bioethics department to advance the ethics of medical and biological research.

He discussed the Diaspora University development plan and the Diaspora University Town (DUT) development plan with the project director, Dan Kamau. The two agreed that the planned town approach should be embraced going forward to achieve environmental sustainability for ourselves and future generations.

Regarding the DUT development approach, Dan informed Dr. Mwambi that the DUT project's capital input is currently valued at about Ksh 6 billion. The capital comprises assets of Diaspora University Trust, Townhouse Developers, and MSMEs.

Dan said his 2026 goal is to grow the DUT assets past the Ksh 10 billion mark by allocating all 3,500 townhouses to developers through THIDA, increasing the number of MSME agreements, and constructing over 20 buildings. He added that the next stage is to grow the DUT assets to Ksh 200 billion by 2030, comprising the Diaspora University endowment, valuation of 3,500 townhouses, valuation of other properties, and valuation of MSMEs/Organizations.

Dr. Mwambi, who has taken the time to read through the DUT website, stated that as Taita Taveta residents increasingly understand the benefits of DUT, they will become founders of this university and a well-planned town that will benefit generations.

The two then visited the KCB Bank Voi branch, where they met with Branch Manager Benson Mutie. Dr. Mwambi asked the bank manager to help the Voi residents understand the DUT approach and the bank's financial products. He asked the Bank manager to help Taita Taveta tap the KMRC finance through the DUT townhouses development plan.

The two financial products currently offered by KCB Bank that can be applied to the DUT Townhouses development plan are: personal unsecured check-off or non-check-off loan, and the Kenya Mortgage Refinance Company (KMRC) mortgage loan of up to Ksh 10.5 million, 25 years, and 9% interest that is issued through 34 financial institutions that are KMRC's primary mortgage lenders.

The bank manager, upon learning that Dr. Mwambi works at Amref University, stated that Amref University and KCB Bank are in the final stages of an MOU that will enable Amref employees to access the personal unsecured check-off loan.

Dr. Mwambi is today a townhouse developer in the 3,500 DUT Townhouse developer system. The 3,500 DUT townhouse developer system is established and is capable of attracting about Ksh 25 billion to Taita Taveta, about Ksh 7 million per unit.

As a developer of two townhouses, Dr. Mwambi is today part of the people working to bring this money to Taita Taveta. He is asking his fellow scholars at Taita Taveta University (TTU) and other institutions to join DUT and bring this money to Taita Taveta. Scholars also have the opportunity to write founding plans for about 30 academic departments that will have buildings on the university's land.

To the Taita Taveta residents, especially those working in government and companies with which KCB has MOUs, Dr. Mwambi's message is: sign your THIDA, get a personal loan, and be counted in bringing the Ksh 25 billion to Taita Taveta as we create 20,000 jobs, develop a university, and build the first well-planned town in Taita Taveta and Kenya.

KMRC was started in 2019 with capital input from GOK, 20 Kenyan financial institutions, Shelter Afrique, and the World Bank. The company thereafter received two credit lines from the World Bank and the African Development Bank totaling about KSh 40 billion. The amount withdrawn by the end of 2025 was Ksh 35 billion. Ksh 19 billion was applied to fund 5,148 mortgages spread across 39 counties. Ksh 17 billion was held in cash deposited with the following banks: KCB 4.5 billion, HFC 2.1 billion, ABSA 2.5 billion, NCBA 5.7 billion, Coop 2.1 billion.

Another fact is that KMRC was created similarly to Fannie Mae in the U.S. Over the last 90 years, Fannie Mae has grown steadily and today provides mortgage financing of $4.5 trillion. KMRC will grow and, by 2030, could surpass Ksh 500 billion and issue over 200,000 mortgages.  

STEP BY STEP PROCESS OF DEVELOPING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

The owner can occupy their house and live in a well-planned town with a clean and healthy environment, a University, a level 5/6 university hospital, good basic education schools for children, and other amenities.

If the owner does not live in the house, the owner can lease the house to DUT in accordance with THIDA Article 12 and receive Ksh 65,000 a month.

STEP 6. COMPLETED HOUSE EQUITY

Upon completion, each house will have equity calculated as Sale Price less the mortgage value. The sale prices are recorded in the DUT THD page https://dut.or.ke/thd

1. Year 1 Sale Price. Ksh 8 million
2. Year 2 Sale Price Ksh 8.5 million
3. Year 3 Sale Price Ksh 9 million
4. Year 4 Sale Price Ksh 9.5 million
5. Year 5 onward Market Price.

GDP GROWTH APPROACH

DUT uses the GDP Growth approach, which has grown the U.S. economy from $57 billion to the current $30 trillion. DUT will achieve a GDP of Ksh 20 billion.

Ronald Mwangombe was one of the 85 members of the Ndara B Community who spent a full day evaluating the institution's town development plan, which has become the Diaspora University Town (DUT). He is happy that the community members made the right choice of embracing the building of a new town, university, and hospital. Today, DUT is at a point where Voi residents can join to tap Ksh 25 billion from KMRC, with 3,500 townhouses planned, each tapping about Ksh 7 million.

Kenya Mortgage Refinance Company was founded in 2019 and has since raised over Ksh 45 billion in capital and loans for financing residential mortgage loans. In the KMRC 2025 financial statement, the cash balance was reported at Ksh 17 billion. This showed the cash available for residential houses.  

Ronald gives the following reasons to tap this money through the DUT 20,000 job creation and 3,500 townhouses plan:

1. Ksh 25 Billion Mortgage Money is Available.

KMRC was formed in 2019. The company would receive two credit lines from the World Bank and the African Development Bank totaling about KSh 40 billion. The amount withdrawn by the close of 2025 was Ksh 35 billion. Ksh 18 billion was used to fund mortgages in diverse counties, and Ksh 17 billion was held in cash and is available.

Another fact is that KMRC is set up to raise money as quickly as houses are built. The mortgage finance is today advanced by 34 financial institutions (14 banks and 20 SACCOs). The mortgage product: up to Ksh 10.5 million, 9% interest, 25 years.

2. Four (4) Banks Advancing the Mortgages are in Voi.

Of the 34 financial institutions listed as advancing KMRC mortgages, four banks have set up branches in Voi—namely, KCB Bank, DTB Bank, Absa Bank, and Cooperative Bank. Ronald is challenging the bankers in Voi to think outside the box so that this money can come to Voi and Taita Taveta.

3. Making new wealth using the Personal Unsecured Loan Products offered by Banks

The personal unsecured loans offered by these banks will enable Voi residents to access money that they can apply as capital as they become DUT Townhouse developers. Government employees and others who qualify for the personal unsecured loan can take a 750,000 loan to capitalize the development of a townhouse and, in doing so, develop it by investing about Ksh 12,000–15,000 a month through loan payments. A townhouse will bring in Ksh 7 million in KMRC funds to Taita Taveta. The townhouse will increase the developers' wealth.

4. 20,000 Government Employees

Ronald challenges about 3% of the nearly 20,000 government employees in Taita Taveta County to tap into the unsecured loans offered by banks. The government employees include teachers, doctors, nurses, judicial members, police, national government departments, county government departments, and other government commissions. He gives the example of the KCB Bank loan product that reads, “Get a check off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.” Similar products are available in other banks.

5. 20,000 Jobs Creation

When giving the reason of 20,000 jobs created, Ronald makes a plea on behalf of young people aged 25 and below, who will be the main beneficiaries. He asks those blessed with jobs and income to create these jobs by tapping KMRC funds.

6. Income for businesses

As the Ksh 25 billion flows to Taita Taveta, businesses will see a spike in revenue as the money enters the pockets of 20,000 workers who spend it in the Voi region.

7. Developing a New Town, University, and Hospital

Ronald says that one of the moments he felt he had done something important for himself, his family, his community, and future generations of Kenya was when he voted to grant the land the DUT project is now under development. He adds that those who join DUT will also feel proud to become founders of a new town, university, and hospital. When talking about the hospital, he says that, whether he is getting treatment, his grandchild is born, or any other medical event occurs, he will be happy to tell the story of how he and others helped build the hospital. He asks Voi residents to join so they can tell the story too.

STEP BY STEP PROCESS OF DEVELOPING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

The owner can occupy their house and live in a well-planned town with a clean and healthy environment, a University, a level 5/6 university hospital, good basic education schools for children, and other amenities.

If the owner does not live in the house, the owner can lease the house to DUT in accordance with THIDA Article 12 and receive Ksh 65,000 a month.

STEP 6. COMPLETED HOUSE EQUITY

Upon completion, each house will have equity calculated as Sale Price less the mortgage value. The sale prices are recorded in the DUT THD page https://dut.or.ke/thd

1. Year 1 Sale Price. Ksh 8 million
2. Year 2 Sale Price Ksh 8.5 million
3. Year 3 Sale Price Ksh 9 million
4. Year 4 Sale Price Ksh 9.5 million
5. Year 5 onward Market Price.

GDP GROWTH APPROACH

DUT uses the GDP Growth approach, which has grown the U.S. economy from $57 billion to the current $30 trillion. DUT will achieve a GDP of Ksh 20 billion.

Rosinah Kitatu, the Director of St Jude School in Voi, visited the Diaspora University Town (DUT) project in 2025. She would understand the DUT project, which is focused on advancing university education, creating jobs, developing housing, and boosting GDP growth. Today, she is rallying Voi and Taita Taveta residents to become DUT townhouse developers and achieve Ksh 25 billion for Taita Taveta from Kenya Mortgage Refinance Company (KMRC). She says this achievement is for the future of Taita Taveta children.

KMRC was launched in 2019 with KSh 200 million in funding from Kenyan taxpayers. The company, through capital and credit lines, has, by the close of 2025, achieved Ksh 45 billion in financing. The 2025 financial records show that Ksh 19 billion is loaned out and Ksh 17 billion is held in cash. A borrowing of Ksh 35 billion from the credit lines of about Ksh 40 billion from the World Bank and the African Development Bank. A story published in the Business Daily on 11th March 2026 reported that the company planned to raise Ksh 40 billion through a green bond in April 2026.

KMRC is structured similarly to Fannie Mae & Freddie Mac in the U.S., and, just as these U.S. businesses have progressed to finance $7.5 trillion in housing mortgages (about Ksh 900 trillion), KMRC will have the capacity to raise capital to finance housing mortgages on an increasingly larger scale. This means Ksh 25 billion can be tapped from KMRC in the next 5 years to come to Taita Taveta.

To bring Ksh 25 billion to Taita Taveta, DUT is welcoming Voi and Taita Taveta residents to become developers of a 5-bedroom, 4-bathroom DUT townhouse by investing about Ksh 15,000 per month through the DUT THIDA system. The DUT Master Development Plan (MDP) is ready to deliver Ksh 25 billion to Taita Taveta through the 3,500 townhouses development, 15,000 job creations, and Ksh 15 billion in GDP growth.

The 3,500 townhouses will be financed through the KMRC mortgage product, advanced by banks and SACCOs, which are the primary mortgage lenders. As the DUT-MDP achieves 3,500 townhouses, 15,000 jobs, and a Ksh 15 billion GDP, the Ksh 25 billion will flow from KMRC to Taita Taveta.

The Ksh 25 billion will be part of financing about 100 million human resource hours as persons produce materials and construct. As 20,000 new jobs are created, the consumption of goods and services will increase, and Voi businesses' revenue will rise. For example, a Voi business generating Ksh 20 million in revenue will see its revenue grow past Ksh 30 million.

STEP BY STEP PROCESS OF DEVELOPING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

The owner can occupy their house and live in a well-planned town with a clean and healthy environment, a University, a level 5/6 university hospital, good basic education schools for children, and other amenities.

If the owner does not live in the house, the owner can lease the house to DUT in accordance with THIDA Article 12 and receive Ksh 65,000 a month.

STEP 6. COMPLETED HOUSE EQUITY

Upon completion, each house will have equity calculated as Sale Price less the mortgage value. The sale prices are recorded in the DUT THD page https://dut.or.ke/thd

1. Year 1 Sale Price. Ksh 8 million
2. Year 2 Sale Price Ksh 8.5 million
3. Year 3 Sale Price Ksh 9 million
4. Year 4 Sale Price Ksh 9.5 million
5. Year 5 onward Market Price.

GDP GROWTH APPROACH

DUT uses the GDP Growth approach, which has grown the U.S. economy from $57 billion to the current $30 trillion. DUT will achieve a GDP of Ksh 20 billion.

The Diaspora University Town (DUT) project, focused on job creation, housing development, and GDP growth, is seeking Kenyans interested in developing and owning a 5-bedroom, 4-bathroom townhouse by investing Ksh 15,000 per month. Through a DUT-THIDA system, Kenyans will develop 3,500 townhouses, as planned in the DUT Master Development Plan (MDP), with 15,000 jobs created, 3,778 property developments, and Ksh 15 billion in GDP growth.  

STEP BY STEP PROCESS OF DEVELOPING & OWNING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

The owner can occupy their house and live in a well-planned town with a clean and healthy environment, a University, a level 5/6 university hospital, good basic education schools for children, and other amenities.

If the owner does not live in the house, the owner can lease the house to DUT in accordance with THIDA Article 12 and receive Ksh 65,000 a month.

STEP 6. COMPLETED HOUSE EQUITY

Upon completion, each house will have equity calculated as Sale Price less the mortgage value. The sale prices are recorded in the DUT THD page https://dut.or.ke/thd

1. Year 1 Sale Price. Ksh 8 million
2. Year 2 Sale Price Ksh 8.5 million
3. Year 3 Sale Price Ksh 9 million
4. Year 4 Sale Price Ksh 9.5 million
5. Year 5 onward Market Price.

GDP GROWTH APPROACH

DUT uses the GDP Growth approach, which has grown the U.S. economy from $57 billion to the current $30 trillion. DUT will achieve a GDP of Ksh 20 billion.

Kenya Mortgage Refinance Company (KMRC) kicked off in 2019 with a Ksh 200 million grant from Kenyans. KMRC thereafter received credit lines from the World Bank and the African Development Bank. By the close of 2025, KMRC had credit lines of about Ksh 40 billion. Its 2025 financial records show the company had about Ksh 23 billion available for lending. Taita Taveta County can tap Ksh 25 billion through the Diaspora University Town (DUT) job creation, housing development, and GDP growth system. KMRC's balance sheet has grown from Ksh 2 billion (2019) to Ksh 45 billion (2025) and will continue to grow as it issues house mortgages.

The first step in tapping the Ksh 25 billion is to have about 400 Taita Taveta residents or friends of Taita Taveta join DUT as DUT townhouse developers, using DUT–THIDA and bank/SACCO loan. The step-by-step process is explained below.

Example of a banking product in the market. “Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.”

Government employees covered by this banking product include those working in public schools, the judiciary, the County government, public hospitals, national government departments, parastatals, and other government agencies. Taita Taveta County has about 20,000 government employees.

Once the capital is established through the DUT – THIDA and Bank/SACCO loans, the capital will, in accordance with the DUT Master Development Plan (MDP), be applied toward 20,000 job creation, 3,500 townhouse development, and Ksh 20 billion new Gross Domestic Product (GDP) development. The jobs, houses, and new GDP will gradually add Ksh 25 billion to Taita Taveta County over about 5 years, from KMRC funds, reflected as 3,500 townhouse mortgages.

The 400 persons will become DUT townhouse developers through the step-by-step process below. The 400 persons will also become Diaspora University founders, 20,000 job creators, and developers of Ksh 200 billion in new wealth.

STEP BY STEP PROCESS

STEP 1. KSH 750,000 to KSH 3 MILLION

Visit a bank and borrow Ksh 750,00 qacdf0, 1.5 million, 2.25 million, or 3 million through the bank's Personal Unsecured Loan products.

Personal Unsecured Loans in the Voi Market

1. KCB Bankhttps://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/personal
2. Coop Bankhttps://www.co-opbank.co.ke/borrow/personal-loan/
3. DTB Bankhttps://dtbk.dtbafrica.com/account/unsecured-loan
4. ABSA Bankhttps://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator
5. Equity Bank https://equitygroupholdings.com/ke/borrow/personal/equiloan/

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the money in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse. https://dut.or.ke/design-build

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4) would be added together.

STEP 5. COMPLETED HOUSE USAGE

The owner can occupy their house and live in a well-planned town with a clean and healthy environment, a University, a level 5/6 university hospital, good basic education schools for children, and other amenities.

If the owner does not live in the house, the owner can lease the house to DUT in accordance with THIDA Article 12 and receive Ksh 65,000 a month.

Using the example in Step 4, the Ksh 65,000 would be applied to pay the monthly mortgage of Ksh 60,352

The difference between Ksh 65,000 and Ksh 60,352 (Ksh 4,648) would be the owner's monthly income.

STEP 6. COMPLETED HOUSE EQUITY

Upon completion, each house will have equity calculated as Sale Price less the mortgage value. The sale prices are recorded in the DUT THD page https://dut.or.ke/thd

1. Year 1 Sale Price. Ksh 8 million
2. Year 2 Sale Price Ksh 8.5 million
3. Year 3 Sale Price Ksh 9 million
4. Year 4 Sale Price Ksh 9.5 million
5. Year 5 onward Market Price.

Using the Example in STEP 4, a house completed in month 20 would have a sale price of Ksh 8.5 million. This means the equity in the house would be the difference between the Ksh 8.5 million sale price and the Ksh 7,191,686 owed, which equals Ksh 1.3 million.

GDP GROWTH APPROACH

DUT uses the GDP Growth approach, which has grown the U.S. economy from $57 billion to the current $30 trillion. DUT will achieve a GDP of Ksh 20 billion.

Banks in Voi are ready to lend Voi residents Ksh 300 million to join the Diaspora University Town (DUT) townhouses development plan. The banking product offered is the personal unsecured loan. A Voi resident can develop 1 to 4 DUT townhouses by investing between Ksh 750,000 and Ksh 3 million. The development is done through the DUT Townhouse Investment and Development Agreement (THIDA). Rosinah Kitatu, the founder of St Jude School, who has embraced the DUT plan, said in a meeting with Frank Mutura that Voi residents would be happy to be part of founding a university that shall educate their children.  

The residents who take the 400 loans of Ksh 750,000 will pay about Ksh 15,000 per unit per month. Frank Mutura, when visiting the KCB Bank Branch in Voi, engaged Benson Mutie, the Branch manager. The Branch manager stated that the bank can lend money to Voi residents. The loans totaling Ksh 300 million, once issued, will generate about Ksh 5 million of new interest revenue a month.  

The Voi residents and the banks with the Ksh 300 million will progress the DUT 20,000 job creation plan (15,000 DUT jobs plan and 5,000 Ndara B 4,000 acres jobs plan). As these new jobs are paid monthly, the Voi business's and bank's revenue will progressively grow.

The Ksh 300 million invested in developing 400 townhouses will attract about Ksh 3 billion to the Voi region from the Kenya Mortgage Refinance Company (KMRC) as the 400 townhouses are completed, financed, occupied, and a new GDP is achieved in Voi.

The DUT 3,500 townhouses plan, which will include the Ksh 300 million, will attract about Ksh 30 billion from KMRC to the Voi region.  

STEP BY STEP PROCESS

STEP 1. KSH 750,000 to KSH 3 MILLION

Visit a bank and borrow Ksh 750,000, 1.5 million, 2.25 million, or 3 million through the bank's Personal Unsecured Loan products.

Personal Unsecured Loans from Banks in the Voi Market

KCB Bankhttps://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/personal

Coop Bankhttps://www.co-opbank.co.ke/borrow/personal-loan/

DTB Bankhttps://dtbk.dtbafrica.com/account/unsecured-loan

ABSA Bankhttps://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Equity Bank https://equitygroupholdings.com/ke/borrow/personal/equiloan/

Family Bank https://familybank.co.ke/?loans=employee-loans-kenya

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the money in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse. https://dut.or.ke/design-build

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4) would be added together.

STEP 5. COMPLETED HOUSE USAGE

The owner can occupy their house and live in a well-planned town with a clean and healthy environment, a University, a level 5/6 university hospital, good basic education schools for children, and other amenities.

If the owner does not live in the house, the owner can lease the house to DUT in accordance with THIDA Article 12 and receive Ksh 65,000 a month.

Using the example in Step 4, the Ksh 65,000 would be applied to pay the monthly mortgage of Ksh 60,352

The difference between Ksh 65,000 and Ksh 60,352 (Ksh 4,648) would be the owner's monthly income.

STEP 6. COMPLETED HOUSE EQUITY

Upon completion, each house will have equity calculated as Sale Price less the mortgage value. The sale prices are recorded in the DUT THD page https://dut.or.ke/thd

Year 1 Sale Price. Ksh 8 million

Year 2 Sale Price Ksh 8.5 million

Year 3 Sale Price Ksh 9 million

Year 4 Sale Price Ksh 9.5 million

Year 5 onward Market Price.

Using the Example in STEP 4, a house completed in month 20 would have a sale price of Ksh 8.5 million. This means the equity in the house would be the difference between the Ksh 8.5 million sale price and the Ksh 7,191,686 owed, which equals Ksh 1.3 million.

GDP GROWTH APPROACH

DUT uses the GDP Growth approach, which has grown the U.S. economy from $57 billion to the current $30 trillion. DUT will achieve a GDP of Ksh 20 billion.

Diaspora University Town (DUT) project director, Dan Kamau, is seeking potential investors to join the DUT project by investing in DUT Credit Ltd, a financial company being set up at DUT. Dan shows the top 100 banks in the world in assets and says that DUT Credit will be part of DUT's systems and products, helping grow Kenya's banking assets. He adds, “Based on the job creation, property development, and GDP growth approach, DUT Credit could aspire to grow to be in the top 100 banks, given Kenya's population ranking at 26 in the world is in the top 100.”

The top 100 banks in the world hold $118 trillion in bank assets. The 100 banks are in 24 countries of the 195 countries in the world. 21 banks are in China and hold a total of $39 trillion in assets. 13 banks are in the USA with assets totaling $18 trillion. 8 banks are in Japan holding assets of $10 trillion. France, Canada, and the U.K. have 6 banks each with total assets of $10.7 trillion, $10 trillion, and $6 trillion, respectively.

These countries' with 6 banks or more in the 100 top banks list have GDPs in the top ten list as follows: (1) USA, $30 trillion, (2) China, $19 trillion, (4) Japan, $4.2 trillion, (6) UK, $3.9 trillion, (7) France, $3.3 trillion, and (10) Canada, $2.2 trillion.

The largest contributor of banking assets is the loans extended to individuals and businesses for property and other assets. Dan says that the ratio of banking assets to population is one indicator of how the people in a country have established assets to meet their rights to food, housing, environment, healthcare, and other rights.

Among the top 100 banks, the 3 banks in Singapore have the highest asset-to-population ratio at over $240,000 per person. Comparing Singapore and Kenya,  3 banks in Singapore have total assets of $1.4 trillion. The Central Bank of Kenya (CBK) report for 2024 showed all Kenyan banks had assets of Ksh 7.5 trillion (about $60 billion). The report showed KCB Bank was number one with Ksh 1.27 trillion (about $10 billion), followed by Equity Bank with Ksh 1 trillion (about $8 billion). This comparison shows the vast opportunity to grow the Kenyan banking sector's bank assets.

The DUT project will create 20,000 Jobs, develop a 25,000-resident town with the residents living in the planned 3,500 Townhouses, 3,200 Apartments, and other Residential units. About Micro Small & Medium Enterprises (MSMEs) and Organizations will be open. The project will grow Kenya's GDP by 20 billion, create new wealth of about Ksh 200 billion, and grow the banking sector by Ksh 70 billion.

The Diaspora University Town (DUT) plan includes 3,500 townhouses, each a double house with 5 bedrooms and 4 bathrooms.  Below is the step-by-step process for becoming a DUT townhouse developer and owning a house, starting with as low as Ksh 12,000.

STEP 1. KSH 750,000

Have cash of Ksh 750,000 or borrow Ksh 750,000 through the Personal Unsecured Loan products offered by banks.

EXAMPLES OF PERSONAL UNSECURED LOANS IN THE MARKET

KCB Bankhttps://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/personal

Coop Bankhttps://www.co-opbank.co.ke/borrow/personal-loan/

DTB Bankhttps://dtbk.dtbafrica.com/account/unsecured-loan

ABSA Bankhttps://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put in the Ksh 750,000 in the Diaspora University Trust account indicated in the THIDA Article 2.

Sign online at the DUT website https://dut.or.ke/thd

Your file will be open as indicated in THIDA Article 3.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly instalments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse. https://dut.or.ke/design-build

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, it can be issued a KMRC mortgage through one of the 27 financial institutions that issue KMRC mortgages.

At this point, the Principal Balance of the unsecured loan (Step 1) and the House Development Cost (THIDA Article 4) would be added together.

Example based on a TOWNHOUSE completed in month 20.

A person can take an unsecured personal loan of Ksh 750,000 from Coop Bank for 11 years (132 months). If the interest rate is 15%, the monthly instalment is Ksh 11,632.

In 20 months, a person can budget to pay Ksh 12,000 x 20 months = Ksh 240,000.

The Ksh 240,000 would be applied as follows: about Ksh 190,000 to bank interest and Ksh 50,000to principal.

At month 20, the principal of Ksh 750,000, less 50,000, results in a principal balance of Ksh 700,000. The Ksh 700,000 would be paid off during the mortgage issue.

The House Development Cost is budgeted at Ksh 6.5 million.

The total of Ksh 700,000 plus Ksh 6.5 million = Ksh 7.2 million.

Ksh 7.2 million would be issued as a mortgage at 9% over 25 years, secured by the completed house.

The Ksh 7.2 million at 9% over 25 years calculates to a monthly mortgage repayment of Ksh 60,422.  

STEP 5. COMPLETED HOUSE USAGE

If the owner is working in one of the 15,000 Jobs being created at DUT or in the DUT neighborhood, the owner can live in their house in a well-planned town with a clean and healthy environment, a University, a level 5/6 university hospital, good basic education schools for children, and other amenities.

If the owner does not live in the house, the owner can lease the house to DUT in accordance with THIDA Article 12 and receive Ksh 65,000 a month.

Using the example in Step 4, the Ksh 65,000 would be applied to the monthly mortgage of Ksh 60,422.

The difference of about Ksh 4,000 would be the owner's monthly income. This means owning a townhouse by making 20 instalments of about 12,000 each in 20 months, totaling Ksh 240,000.

STEP 6. COMPLETED HOUSE EQUITY

Upon completion, each house will have equity calculated as Sale Price less the mortgage value. The sale prices are recorded in the DUT THD page https://dut.or.ke/thd

1. Year 1 Sale Price. Ksh 8 million
2. Year 2 Sale Price Ksh 8.5 million
3. Year 3 Sale Price Ksh 9 million
4. Year 4 Sale Price Ksh 9.5 million
5. Year 5 onward Market Price.

Using the Example in STEP 4, a house completed in month 20 would have a sale price of Ksh 8.5 million. This means the equity in the house would be the difference between the Ksh 8.5 million sale price and the Ksh 7.2 million owed, which equals Ksh 1.3 million.

The progressive investments of Ksh 12,000 a month for 20 months (Ksh 240,000) would grow to Ksh 1.3 million.

DUT uses the GDP Growth approach, which grew the U.S. from an economy of $57 billion to the current $30 trillion. DUT will achieve a GDP of Ksh 20 billion.

TO JOIN DUT VISIT OUR OFFICES

Diaspora University Town (DUT) Offices (Voi – Mawatate Road, 10km from MSA-NBI junction, after the weighbridge, close to the Voi River Bridge.)

RED ELEPHANT Building along NBI-Msa Road about 500 m before the Voi-Arusha Road junction when driving from Nairobi.  

The Diaspora University Town (DUT) plan includes 3,500 townhouses, each a double house with 5 bedrooms and 4 bathrooms built on a 50ft x 100ft plot.  Voi Residents have an opportunity to own some of these townhouses and be financed through the Kenya Mortgage Refinance Company (KMRC) product offered through 27 financial institutions. Below is the step-by-step process of becoming a DUT townhouse developer.

Step 1.

Have cash of Ksh 750,000 or visit your Bank or KCB bank and get a Ksh 750,000 Personal Unsecured Check off loan https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/personal or Personal Unsecured Non-Check off loan https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/personal

Step 2.

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put in the Ksh 750,000 cash.

Step 3

Pay the monthly instalments to your bank as the house development continues. In about 12 – 48 months the townhouse will be completed by the DUT Design-Build plan   https://dut.or.ke/design-build

Step 4

On completion of the house, take up the KMRC mortgage of (Balance of unsecured loan plus the House Development Cost). Note that at this point, the house valuation minus the mortgage will exceed Ksh 1 million, and one can cash out the growth by taking a 100% mortgage on the property's valuation or by selling th e townhouse.   https://dut.or.ke/thd

Step 5

Live in the townhouse in a well-planned town with a clean and healthy environment, a University, and a level 5/6 hospital. The alternative is to rent out the townhouse on the terms set in the THDA.  https://dut.or.ke/THIDA2025.pdf

VISIT OUR OFFICES AT THE SITE (Voi – Mawatate Road) or RED ELEPHANT (NBI-Msa Road) TO JOIN DUT.

As Frank Mutura stepped out of the gate of the Standard Gauge Railway (SGR) Voi Station, I was energized as I looked at the 86-year-old Diaspora University Town (DUT) founder. As I welcomed him to Voi, I was taken back to the time the late Prof. Raphael Njoroge and I drove 1,100 km from Worcester, MA, to Raleigh, NC, to a meeting organized by Frank Mutura. This was the first time I met Frank. The discussion at the meeting then was: “Can Diaspora Kenyans become developers and founders of a 3,000-acre university and town?”

Then, a 3,000-acre parcel of land in Kwale County was put on the market, and we felt that the university town development plan we had established could be implemented. The plan included a university modeled after WPI's plan. The Diaspora Kenyans' role would be to develop townhouses and support the opening of micro, small, and medium enterprises (MSMEs).

Now, many years later, when walking down the stairs from the SGR, Frank, looking at the many lights shining in the night in front of our eyes, asked, “Is that Voi?” I reply that indeed all those lights were residents of Voi. Frank remarked that there are many residents and said, “Voi residents should join us to create jobs for their children.”

The drive from the Voi SGR station, over rough, bumpy roads, informed Frank, the road specialist who has been building high-quality roads in the U.S. for 25 years, of the condition of Kenya's roads. He remarked that a lot of work is needed to achieve good roads in Voi and in Kenya.

The discussion that followed established that Voi has about 300 km of road network and that, if built, could provide residents with good roads. Regarding how the Diaspora University will help achieve this, I state that once the first class joins Diaspora University, one of the first projects undertaken by the students will be on the 300 km Voi roads.

Based on his road construction expertise and 25 years’ experience in the U.S. road construction sector, Frank estimated that the Voi 300 Km road network could be fully constructed in 5 years. Regarding funding, I inform Frank that once the Diaspora University opens and implements the WPI university project-based learning approach, the students will establish a funding system similar to how Americans fund their town and city roads.

The following day, we stopped at KCB so Frank could open a bank account. We got to talk with Benson Mutie, the KCB Bank Voi Branch Manager. Frank informed the bank manager that, after relocating to the U.S. at 60, he found a job and the bank approved a $130,000 mortgage loan for his house in North Carolina. He informed the bank manager that over the years, his house has appreciated in value and that he has refinanced the property to raise money to join other Diaspora Kenyans in buying 125 acres in North Carolina, where they are building houses.

The KCB bank manager appreciated the effort Frank Mutura and others have put in founding Diaspora University Town (DUT). Discussing loans for Voi residents who want to join DUT, the bank manager said the bank is ready to offer loans through its loan products. The manager added that those working in government institutions don’t need to have opened bank accounts to be issued loans by the bank.

Based on the 2,000 townhouse developer opportunities, if Voi residents took loans, this would grow the bank loan portfolio by Ksh 1.5 billion and finance DUT's 20,000 job creation plan. The Bank would also have laid the foundation for financing the completed houses through the Kenya Mortgage Refinance Company (KMRC) product, of which KCB Bank is one of 27 primary mortgage lenders.

KMRC is similar to the U.S. Fannie Mae and Freddie Mac. The two U.S mortgage refinance institutions have financed over $7.5 trillion in mortgages. The KMRC portfolio will grow as houses are produced and financed.

Mutura said the job in the U.S and the good mortgage product enabled him to own a house and live in good housing for the last 25 years in a city with a clean, healthy environment. He estimated that once he sells the house in North Carolina, he will cash out about $200,000 after his mortgage is paid in full.

Later, Mutura spoke to Voi business persons and residents to encourage them to join DUT and create jobs. He was further invited to St Jude Education Center, where he talked to students and encouraged them to study hard so they could join the Diaspora University and, thereafter, build Kenya. When Mutura asked the students to guess his age, the highest guess was 78 years. One student guessed that Mutura, who is 86, was 72.

The signboard of Diaspora University Town (DUT) along the Voi – Taveta highway reads, “Project by Ndara B Community, Diaspora Kenyans and Partners.” Anyone can become a partner in the project's development through various opportunities. The project is giving people the opportunity to become founders. We will work together to grow Kenya's Gross Domestic Product (GDP) by Ksh 20 billion and achieve property and businesses at DUT valued at over Ksh 200 billion.

1. Diaspora University Founder Partner

Scholars who want to kick off the Diaspora University departments are invited to become partners. A scholar can write a plan for creating an academic department that includes: a building plan, an equipment plan, a degree programs plan, and other inclusions. As the first class progresses to graduation, scholars who become partners will be able to say, “I founded this Diaspora University department." About 60 scholars will become founder partners.

2. Diaspora University Medical Hospital Founder Partner

Healthcare professionals will be able to start the medical departments at Diaspora University Medical Hospital. A healthcare professional can write the plan to be applied to create a department, including a department floor space plan, equipment plan, operational plan, and other plans. The professional can also serve as the operational founder of the department for which they write the plan.

3. Building Materials Seller Partner

The construction budget for the 60 km road network and about 3,700 buildings is currently estimated at Ksh 39.5 billion. A partner will be able to share in this budget through their company, selling products and getting revenue from the supplies they will sell.

4. MSME & Organization Partner

An MSME partner shall open an MSME/Organization at DUT or invest in an MSME opening at DUT. About 300 MSMEs shall be open. Of the 3,778 plots at DUT, 140 plots are allocated to MSMEs. MSMEs will be able to tap into the budgets and revenues created in the town. The planned GDP growth of Ksh 20 billion will generate revenue for MSMEs and organizations. The construction budget of Ksh 39.5 billion will be a source of revenue for the MSMEs.

5. Townhouse Developer Founder Partner

The 3,500 Townhouses Development Plan provides an opportunity to partner in housing development to support those getting jobs. Implemented through a townhouse investment and development agreement (THIDA), the plan will deliver 3,500 townhouses at a cost of about Ksh 25 billion (Ksh 7.25 million per unit).

The townhouses' valuation is projected to surpass the Ksh 10 million mark, as the first-class graduates. The difference between the valuation and the development cost will be the partners' return.

WORLD GDP GROWTH

Diaspora University Town (DUT) is one of the 6 major urban settlement development projects in Kenya. The others are Konza in Machakos County, Northlands City in Kiambu County, Tatu City in Kiambu County, Mwale Medical & Technology City in Kakamega County, and Vipingo in Kilifi County. DUT is progressing with plans to create 20,000 jobs through a university town development spanning 1,500 acres and an Ndara B development plan for industries and farming spanning 4,000 acres.

The results to be achieved by the plans are: a well-planned town with 3,778 properties for business and residential use, with 25,000 residents settled; a university that grows to 5,000 students and has a level 5/6 hospital; and about 330 MSMEs & Organisations, 300 in the DUT Plan and 30 in the Ndara B Plan.

The following are six reasons why Voi residents should join DUT.

1. Becoming a Founder of a University

Voi residents have the opportunity to become founders of a University. In 1865, in Worcester, MA, when residents were asked to become founders of a university, 230 responded and joined. WPI, 160 years later, has an operational budget of over $350 million (Ksh 43.75 billion). This budget employs over 1,000 faculty and staff. One of the greatest achievements a Voi resident can achieve is being listed as “Founder of Diaspora University.”

2. University Hospital Development

The second reason to join DUT is that, through the university's founding, the founders will also achieve a level 5/6 university hospital with all specialties. In our Constitution of Kenya, we wrote, “43. (1) Every person has the right— (a) to the highest attainable standard of health, which includes the right to health care services, including reproductive health care.” Joining DUT means you're helping advance this healthcare right for yourself, your family, your community, and for Kenyans.

3. Develop a well-planned town.

Since Kenya attained independence, the development of well-planned towns and cities has not progressed. Voi residents who join DUT will join Diaspora Kenyans and the Ndara B Community in building the first well-planned new town since Kenya attained independence in 1963.

4. Sharing the Ksh 200 Billion New Wealth Created

One joins Diaspora University Town (DUT) through investing in townhouse development and other investments. This means the investment one makes will have a return. The DUT plan will achieve a new wealth of about Ksh 200 billion. This will comprise the valuation of 6,700 residential units and the 330 businesses operating in Diaspora University Town (DUT) and Ndara B Community lands. Persons in Voi who join DUT will have the opportunity to grow their wealth.

5.       20,000 Jobs Creation and Ksh 20 Billion GDP growth

DUT is progressing to create 20,000 jobs. The Voi residents who join DUT will be joining to create these 20,000 jobs when using the GDP approach that will achieve Ksh 20 billion in new GDP. DUT project uses systems of job creation and GDP growth that have increased U.S. GDP from $57 billion to $30 trillion and Singapore's per capita income to $90,000.

6.       Opening MSME or Organization

Voi residents who have opened businesses or organizations have an opportunity to expand intoDUT. The DUT system will achieve new revenue for the companies. DUT MSME grow system borrows heavily from the Sanford University and Silicon Valley approaches, as well as the McDonald's 75-year approach, which has built a business with 41,822 restaurants in 120 countries and is reported to have achieved a net profit of $8.6 billion (Over Ksh 1 trillion). With the University's support, one can join DUT and expand their business not only within DUT but across Kenya, Africa, and the World.

The global footwear industry is a multi-billion-dollar market dominated by brands such as Nike, Adidas, Skechers, Puma, and New Balance. With annual revenues in the billions of dollars, the sector continues to expand amid rising demand for sportswear, casual fashion, and performance footwear. This growth has also created jobs in the U.S.A shoe manufacturing industry. Diaspora Kenyans are invited to establish a shoe manufacturing industry that will create jobs at DUT.

The U.S. footwear market in 2025 was expected to generate approximately US$103 billion in revenue. It is projected to grow by 4.93% through 2030. The market was strong, with a consumption rate of 5.67 pairs per person. This calculates to about 1.5 billion shoes produced and sold in the 340 million U.S population.

The U.S. footwear market in 2025 was expected to generate approximately US$103 billion in revenue. It is projected to grow by 4.93% through 2030. The market was strong, with a consumption rate of 5.67 pairs per person. This calculates to about 1.5 billion shoes produced and sold in the 340 million U.S population.

Dan Kamau, formerly of Worcester, MA, who is currently the DUT Project Director, says this is a great opportunity for Diaspora Kenyans to expand Kenya’s GDP and build wealth. He says Kenya’s current GDP is about $130 billion and will grow to over $2 trillion over the next 50 years, driven by these industries.

As the DUT project grows, GDP and creates 20,000 jobs, it will increase footwear consumption by over 60,000 units at DUT. This will create about Ksh 400 million of the new GDP allocated to footwear. This new revenue can support a new industry.

Ndara B Community farming of goats, cows, snakes, and other animals will ensure a steady supply of animal skins used as raw materials in shoe-making.

DUT shoe manufacturing industry will create approximately 300 jobs. Diaspora Kenyans interested in investing and starting this MSME are invited to do so.

As more jobs are created, Kenyans will be able to afford new shoes rather than second-hand ones. Estimates suggest that the sales of second-hand shoes in Kenya exceed Ksh 100 billion annually. The shoe company can reach Ksh 1 billion in revenue in less than 10 years.

Diaspora University Town (DUT) is offering Kenyans an opportunity to develop modern townhouses within a Ksh 200 billion master-planned development that combines housing, education, employment, business establishment, and wealth creation. The 3,500-townhouse development is a central pillar of the DUT Master Development Plan, designed not only to provide quality housing but also to empower Kenyans to become developers, property owners, and founders of a new university and economic ecosystem.

The townhouse plan aligns with the Constitution of Kenya, particularly Articles 42, 43, and 53, which guarantee the right to housing, economic opportunity, and a clean and healthy environment. Beyond housing, the project is expected to create 20,000 jobs, increase Kenya’s GDP by Ksh 20 billion, and generate Ksh 70 billion in new banking and financial assets.

Becoming a Townhouse Developer and Owner at DUT

Unlike traditional housing projects, where buyers purchase completed homes, DUT offers Kenyans the opportunity to become townhouse developers through a structured investment system called the Townhouse Investment and Development Agreement (THIDA). Under this agreement, individuals invest capital and directly participate in the development of one to four townhouses.

This approach transforms buyers into business people who are also founders of the DUT community. The approach enables DUT townhouse developers to build equity, create jobs, and grow wealth as the town expands.

Currently, 500 developers have opened files and are developing 1,320 townhouses with 2,180 units available.

The Step-by-Step System of a DUT Townhouse Development

Step 1: Signing THIDA & Opening a Townhouse Developer File
The first step is to formally sign a DUT THIDA and put in the Capital written in the DUT THIDA. This opens the townhouse developer file for the indicated units. One can develop up to 4 units.

Step 2: Building the Townhouses, Road, and Infrastructure
The second step is assigned to the Diaspora University Trust. The Trust is responsible for the delivery of the constructed townhouses and their users. In this step, the Trust will organize the construction of the house on a 50ft x 100ft plot, roads and infrastructure, water, wastewater, and stormwater systems, environmental protection systems, and the financing of the construction work. The Trust will deliver a completed house within budget.

Step 3: Paying House Development Cost through Owning or Selling the townhouse
Upon completion of the house, the developer can sell it or continue owning it to live in or rent out. In both cases, the financing of the completed house can come from the Kenya Mortgage Refinance Company (KMRC), which is advanced through 27 financial institutions.

Step 4: Usage of the House
After completion, the townhouses will have a ready user base from persons taking up jobs at DUT, Students at Diaspora University, persons living in the region, social programs, tourism, and others. The developer shall have the following options: live in the townhouse; rent the townhouse, receive income, and make a return as the house's equity grows; or sell the townhouse and make a profit.

Step 5: Wealth Creation

The Diaspora University Town townhouse will create new wealth as the house appreciates, as the house supports a university, hospital, medicine and vaccine plant, and other industries that will emerge.

In conclusion, Dan, the project director, emphasizes that through this investment, mortgage support, and integration into a growing economic ecosystem, DUT will be empowering Diaspora Kenyans and Local Kenyans to become property owners, developers, and founders of a transformative, economically and environmentally sustainable town.

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.