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CATHERINE W GICHUKI
DOHA
The Gulf African Bank, supported by real estate companies from Kenya, held an outreach programme on Friday to showcase investment opportunities back home to Kenyan expatriates in Qatar.
From easy money transactions to investment and conveyance, the bank displayed how it can help Kenyan expatriates to save as well as provide loan facilities to them if they want to invest in properties back home.
Real estates companies in attendance, which included Vaal Real Estate, Goshen Acquisitions, Home Africa Ltd, Property Zone East Africa and Mtwapa Luxury Apartments, displayed their products ranging from land plots to apartments and houses that Kenyan expatriates can invest in.
The event was attended by a large number of people who wanted to get a glimpse of the available opportunities in their home countries.
Speaking during the event, Kenyan Embassy Minister Counsellor Daniel Tanui said, “An outreach diaspora programme is an important event for us as an embassy because it provides an opportunity for Kenyans to learn about new business and investment products that are emerging in Kenya.”
He said whenever Kenyans go abroad to seek greener pastures, at the back of their minds they always have plans to invest back home.
“The Kenyans in Diaspora have a key role in the development of our country. This potential has remained untapped although its significance can be seen in terms of remittances and in the transfer of technology,” he said.
Gulf African Bank Managing Director Abdalla Abdulkhalik said Kenyans in Diaspora, wherever they are, invest back home. “Even those who have taken citizenships of those countries, the investments are still channeled to Kenya for upkeep of the extended families as well as for their own investment. Everyone who has left Kenya has plans to invest back home.”
He said Kenyans in the diaspora have become the largest single source of foreign exchange. “In the first three months of this year, they remitted more than $640 million. These higher inflows reflect the improved business confidence in Kenya. Besides family support, they have significantly invested in real estate sector contributing to the growth of affordable housing, one of the government’s four key development agendas,” he explained.
DOHA
The Gulf African Bank, supported by real estate companies from Kenya, held an outreach programme on Friday to showcase investment opportunities back home to Kenyan expatriates in Qatar.
From easy money transactions to investment and conveyance, the bank displayed how it can help Kenyan expatriates to save as well as provide loan facilities to them if they want to invest in properties back home.
Real estates companies in attendance, which included Vaal Real Estate, Goshen Acquisitions, Home Africa Ltd, Property Zone East Africa and Mtwapa Luxury Apartments, displayed their products ranging from land plots to apartments and houses that Kenyan expatriates can invest in.
The event was attended by a large number of people who wanted to get a glimpse of the available opportunities in their home countries.
Speaking during the event, Kenyan Embassy Minister Counsellor Daniel Tanui said, “An outreach diaspora programme is an important event for us as an embassy because it provides an opportunity for Kenyans to learn about new business and investment products that are emerging in Kenya.”
He said whenever Kenyans go abroad to seek greener pastures, at the back of their minds they always have plans to invest back home.
“The Kenyans in Diaspora have a key role in the development of our country. This potential has remained untapped although its significance can be seen in terms of remittances and in the transfer of technology,” he said.
Gulf African Bank Managing Director Abdalla Abdulkhalik said Kenyans in Diaspora, wherever they are, invest back home. “Even those who have taken citizenships of those countries, the investments are still channeled to Kenya for upkeep of the extended families as well as for their own investment. Everyone who has left Kenya has plans to invest back home.”
He said Kenyans in the diaspora have become the largest single source of foreign exchange. “In the first three months of this year, they remitted more than $640 million. These higher inflows reflect the improved business confidence in Kenya. Besides family support, they have significantly invested in real estate sector contributing to the growth of affordable housing, one of the government’s four key development agendas,” he explained.
