Finance

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

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 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