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Diaspora University Town Team Introduce Project to KCB Mortgage Division

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Diaspora University Nairobi Team & KCB Bank Team at KCB Bank Mortgage Division Diaspora University Nairobi Team & KCB Bank Team at KCB Bank Mortgage Division

A team of four from KCB Bank mortgage division were introduced to Diaspora University Town for jobs creation and housing development by a team of 5 of Diaspora University Town. The team was asked to consider the Diaspora University development approach that is anchored on job creation and housing development. The bank team welcomed the project as they reviewed the proposal. They will continue to review to see if the bank products are applicable.

The Diaspora University Town team made of three Diaspora Kenyans who have returned to Kenya and two Kenyans reviewing the meeting agreed that the Diaspora University Town project approach of Gross Domestic Product (GDP) growth is new to Kenya. They further agreed that investing in Jobs creation will replace the investing for plots speculation and the banks that embrace will be the future leaders. 

Talking on GDP Growth through creation of jobs as the anchor of housing Dan Kamau said, “Diaspora got jobs created in the U.S as the U.S GDP grew from $6 trillion to $18 trillion through this GDP growth that also incorporated housing supply and mortgage growth.” Dan added that today thousands in Diaspora have jobs and live in good houses because of the U.S GDP growth saying, “This is what the Diaspora are looking to do. Grow Kenya GDP through good jobs and housing.”

The project Town House Investment and Development Agreement (THIDA) was also reviewed with the Bankers trying to understand the development system. Dan said one of the reasons the THIDA system is set-up is to ensure no slum is created in Town and environmental standards are met as per Kenya Constitution 42 and Kenya Constitution 70. 

Kenya Constitution 42. Every person has the right to a clean and healthy environment, which includes the right— (a) to have the environment protected for the benefit of present and future generations through legislative and other measures, particularly those contemplated in Article 69; and (b) to have obligations relating to the environment fulfilled under Article 70.

Kenya Constitution 70. (1) If a person alleges that a right to a clean and healthy environment recognised and protected under Article 42 has been, is being or is likely to be, denied, violated, infringed or threatened, the person may apply to a court for redress in addition to any other legal remedies that are available in respect to the same matter.

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