Total 18 Posts

How DUT will Develop DUT Credit to Become a Diaspora Bank

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 challenged by $1.5 Billion Bond

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’

The $34 Billion Diaspora Remittances

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

$1 to Ksh 153 Opportunity for Diaspora Kenyans to Create Wealth

A google search reveals that there are currently 6.2 million dollar millionaires in China. Their wealth is in property, share capital, and individual businesses they own. Diaspora Kenyans today have the opportunity to turn some of the dollars they will make in the next 5 years to even become

Frank Mutura of NC Rallies Diaspora Kenyans $500 Million Remittance Plan Commitment

Frank Mutura of Raleigh, NC rallied the Diaspora Kenyans to a commitment that by December 2028 the Diaspora will have remitted $500 million of the projected $20 billion to build the Diaspora University Town (DUT) and create 30,000 jobs in Kenya. Frank told those attending the DUT Saturday update

The DUT Diaspora Kenyans, Ndara B Community & Bank Partnership

The three factors of production are human resource, land and money. The Diaspora Kenyans and Ndara B Community are on track to achieve the three resources for the development of Diaspora University Town plan on 1,500 acres and the Ndara B Community plan for setting up of 28 businesses

Diaspora Kenyans $500 Million DUT – Bank Partnership Plan

From 2004 to 2022 Diaspora Kenyans remitted $29 billion (about Ksh 3 trillion). During the same period the Kenya deposits grew from Ksh 378 billion (2004) to Ksh 4.7 trillion (2022). The loan advances given by the banks from the deposits grew from Ksh 252 billion (2004) to Ksh
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