Investing back home: a guide for Kenyans abroad
Many Kenyans abroad want to build at home but worry about losing money to people they trust. A few safeguards help you invest with confidence.
Sending money home to build, buy land or start a business is a goal for many in the diaspora. Unfortunately, stories of lost savings are also common. Working through regulated institutions is the best protection.
Keep money in your own name
Save and invest through accounts registered in your name, rather than sending cash to relatives or friends to hold for you. You keep control and a clear record of every transaction.
Verify before you buy
For land and property, insist on an official search, see the title yourself and use an independent advocate. Never pay the full amount before these checks are complete.
Save while you build
A diaspora savings account lets you earn interest while you build up funds, and your savings history can help you qualify for a loan when you are ready to invest.
