Monday 29 January 2018

Essential Details About Diaspora Investment Support In Kenya

By Jerry Stone


A good number of Kenyans have secured jobs in foreign countries. This has made diaspora investment to be one of the largest sources of the foreign source of income apart from export and tourism. Despite the increase in a money transaction, most people living abroad are reluctant in investing due to fear of failure. The following are guidelines in diaspora investment support in Kenya to consider.

Analyze different options that one can consider. There are different platforms that one can invest in. However, it is important if one takes enough time evaluating all the options to decide on a suitable choice. Look for blogs and website that are relevant to this consideration to gain a wide range of information about it.

Inquire a professional financial consultant about your financing plan. You can easily access a suitable financial consultant from the different avenues you can utilize in your venture. Your ideal expert must have reliable working experience, especially in a foreign venture. He or she should advise on the best banking institution to consider and the most suitable amount to use in your financing.

Establish forums with members from a similar foreign locality to discuss on the way forward. Although you can locate a reliable avenue to venture into, considering the help of other people from your nationality increases the chances of locating a suitable capitalization platform. Ensure that there is reliable management to oversee your respective meetings to maintain their relevance.

Decide on investing in real estate. The real estate business has established itself on the map of Kenyan economy over the past years. Even so, one should be very keen with the company venturing with since not all of them can provide good returns as expected. Search for a real estate firm which is renowned for its quality returns and reasonable policies which safeguard foreign investments.

Decide on investing in treasury bonds. Treasury bonds are a more reliable and secure platform to invest in, but one should acknowledge relevant information about it to make the right decisions as well. This includes the best time lines to invest on and intermediate banks as well. This option is highly considered since it is government controlled and has high interest compared with financial institutions.

Check whether micro finances institutions are ideal options. Saccos are micro-financing institutions which have been licensed in Kenya which work similarly with banks but have much better regulations and benefits compared to them. In this case, one is expected to be very careful with them since some of them have not yet established themselves well enough to be considered reliable. Even so, they are a suitable platform for making personal investments.

Consider having a personal business. Establishing a business eliminates chances of failure since you can keep track of your investment, unlike other options which act as intermediate. However, to succeed in this one needs to depend on a trustworthy person who is experienced in the respective business intending to establish. This will ensure that everything turns up as expected.




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