Finance

The annual report of Kenya Mortgage Refinance Company (KMRC) gives a mortgage product as follows: Single digit interest, fixed interest rate, repayment period of 25 years and financing of up to 105%. Diaspora University Town is on track to create 20,000 jobs and develop 6,700 units of housing

The Generation Z demonstrations and demands that led to the finance bill 2024 withdrawal are challenging Diaspora Kenyans to channel their remittances to create jobs. Diaspora Kenyans on seeing thousands, of the approximately 7 million young Kenyans born after 1997 who are aged 18 years to 27 years, “Generation Z,

DUT Credit Ltd goal is to reach Ksh 10 billion revenue in the year the first Diaspora University class completes 4 years of studies. The DUT Credit Ltd systems and plans needed to achieve the goal are established. The DUT Credit Ltd, Voi team, is working toward the goal. The

Central Bank of Kenya reports show the Diaspora remittances growing to $1.2 billion in the months of January to March 2024 when compared to the January to March 2023 of $1 billion. The Diaspora Kenyans in the U.S.A continued to remit the most remitting $644 million that

Diaspora Kenyans have desired to have a Diaspora Bank in Kenya where they are shareholders. The idea was started based on Diaspora remittances and the view of how Diaspora can grow Kenya. The Central Bank of Kenya (CBK) records show Diaspora remittances total from 2004 to 2023 as $34 billion

Diaspora Kenyans are currently challenged by the $1.5 billion Sovereign Eurobond that American investors offered $5 billion as they looked to invest into Kenya and make a return. The 7 year bond issued at 10.375% interest will have a maturity value of about $2.993 billion. The investor’

As recorded by the Central Bank of Kenya (CBK), Diaspora Kenyans have from January 2004 to December 2023 (20 years) remitted $34 billion. The yearly remittances have grown from $338 million (2004) to $4.18 billion (2023). The exchange rate during the period ranged from 1 dollar to Ksh 65