Finance

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

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

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

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

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

The U.S International Development Finance Corporation (DFC) in its website writes, “We're financing solutions to the most critical challenges facing the developing world today. We offer direct loans and guaranties of up to $1 billion for tenors as long as 25 years, with specific programs targeting small and medium

A mortgage is a loan that is advanced to a borrower to purchase a property. The property serves as collateral of the loan. The primary financiers of mortgages are the banks and financial institutions in a town or city. The secondary financiers are mortgage refinance companies that the primary financiers