Kenyan real estate firms eye diaspora billions

Faith Mwaura of Re/Max

Kenyans in the diaspora have challenged the Government to offer tax rebates for those who want to invest back home. They also want companies offering services in the money market and unit trusts to reach out to them to support their efforts to invest at home.

Speaking in Canada at a recent property and investment expo, participants said the diaspora have a crucial role to play in growing the local economy. “We are willing to invest back home but we would like to deal with reputable and trustworthy organisations. We would also like to engage with more financial institutions that can tailor their products to suit us,” said Mr John Mwangi.