Dan Kamau the Diaspora University Town (DUT) Project Director, is currently looking to tap Ksh 25 billion from the Kenya Mortgage Refinance Company (KMRC) to finance 3,500 townhouses. Dan says the DUT Master Development Plan (MDP) was established by researching U.S. systems that grew the U.S GDP from $57 billion in 1933 to the current $30 trillion in 2026. He says KMRC, which started in 2019 is similar to Fannie Mae, which started in 1938. KMRC Financial report of period ending June 2026 show KMRC had Ksh 16 billion available in cash for financing mortgages.
As Dan talks to Kenyans he is inviting to become DUT townhouse developers he is also talking to bank managers. His goal is to have all the 3,500 townhouses have developers. Once all the 3,500 units have developers, the current goal is to complete all houses by 2030. He says the planned Design-Build approach will produce the 3,500 townhouses in batches of 20 in 16 weeks. On completion mortgages will be issued to the developers or the persons to whom they sell. The DUT 15,000 jobs creation plan will establish the buyers.
So far, Dan has visited the Bank managers of KCB, ABSA, Cooperative and DTB Banks that have branches in Voi. These banks are part of the 34 financial institutions listed as primary mortgage lenders by KMRC partners.
www.dut.or.ke
As he invites government employees and Kenyans to become townhouse developers by taking check-off loans offered to them, he is also visiting the banks' branches close to them. As he visited universities and schools in Taita Taveta and Kiambu County he also visited KCB bank branches in Wundanyi, Kiambu, Juja and Githunguri, and the Cooperative Bank branch in Kiambu.
Discussing Kenya's GDP growth with the bank managers, Dan is pointing to the $24 trillion in banking assets held by U.S. banks, with $21 trillion held by the top 25 banks. He notes that the U.S population of about 350 million is 7 times Kenya's population of about 50 million, and the U.S. $24 trillion banking assets is over 340 times Kenya's banking assets of about $70 billion. This difference shows the banking sector's potential for asset growth. The biggest assets of the banking sector are loan advances.
Dan further points to the three Singaporean banks that are in the top 100 banks in the World with assets of $1.4 trillion. He says these three banks' assets are 20 times those of Kenyan banks, which total $70 billion. Singapore's land size is almost the size of Nairobi, and it has a population of 6 million. Dan says that the Kenyan banking sector, which Kenyans established through Article 231 of the Constitution of Kenya, must grow and play a role in facilitating the achievement of the constitutional rights Kenyans granted themselves in Articles 42, 43 and 53.
JOINING DUT ILLUSTRATION
A Teacher/Government Employee can use the DUT system and available banking products to develop a DUT Townhouse. This illustration shows how a teacher can apply Ksh 11,632 a month of their pay to earn Ksh 1 million by becoming a DUT townhouse developer. Upon completion of the townhouse the buyer will be one of those taking up one of the 15,000 DUT jobs created.
CLICK HERE TO DOWNLOAD DUT THIDA
For every Kenyan family to achieve good housing over 20 million formal jobs need to be created and 7 million housing units developed in the next 10 years (by 2035), as Kenya's population grows to 65 million. The DUT system and its developers will create as many jobs as possible and develop as many houses as possible. For example a developer who sells a DUT townhouse unit and achieves Ksh 1.3 million will have the opportunity to build more housing units and grow their wealth using the DUT job creation and housing development system.
FREQUENT ASKED QUESTIONS (FAQ) & ANSWERS
CONTACTS
Dan Kamau +254 743 203 168
Ronald Mwangombe +254 704 494 185
Lucy Malemba +254 723 898 827
Naomi Masawi +254 759 952 559
