Finance
Total 21 Posts
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
DUT Ksh 44.5 Billion Mortgages
Dan Kamau the Diaspora University Town (DUT) project director and Diaspora University Trust executive trustee answered questions on the Ksh 44.5 billion mortgages of townhouses, apartments and other buildings. What is a mortgage? A mortgage is a loan given by a financial institution for the purchase of a building
DUT $100 Million Finance
Dan Kamau, the Diaspora University Town Project Director and Diaspora University Trust Executive Trustee, answered a few questions on the Diaspora University Town project and the $100 million finance the project is seeking. Can DUT take up a finance of $100 million and repay the finance back plus interest? The
The Diaspora Bank
Diaspora Kenyans developers of the Diaspora University Town continue to progress DUT Credit Ltd in Kenya to become the Diaspora Bank. The financial institution is currently implementing the Diaspora University Town (DUT) finance plan. This is a plan that is expected to grow Kenya's banking sector by Kshs 100 billion
Money Resource to Meet Economic, Social & Environment Rights
For Kenyans to meet their economic, social and environmental rights they created the money resource through the Central Bank of Kenya (CBK). Today millions of Kenyans are not meeting their constitutional rights of food, housing, healthcare, clean environment and others. Money resource established in accordance with Kenya Constitution 231 is