Wayne Lumbasi
President William Ruto has urged Kenyans living abroad to channel their investments into verified government housing projects to safeguard their hard-earned money from fraudsters back home.
Speaking during the Diaspora Investment Conference, Ruto said many Kenyans abroad have lost millions by entrusting relatives or unverified agents to build homes on their behalf, only to discover years later that the projects never existed or were of poor quality.
“The government will provide secure platforms where Kenyans abroad can invest without fear of being conned,” Ruto said, adding that the state was committed to protecting diaspora investments and ensuring accountability in public housing schemes.
The president encouraged the diaspora community to take advantage of the Affordable Housing Programme, which he described as a safer and more transparent option for owning property in Kenya. The initiative allows Kenyans, including those living overseas, to buy houses directly from government-approved developers through regulated payment systems.
Remittances from Kenyans abroad remain one of the country’s largest sources of foreign exchange, surpassing export earnings from coffee and tea. The Central Bank of Kenya estimates annual diaspora remittances at over $4 billion, highlighting their importance to the national economy.
BOMA YANGU HOUSING INVESTMENT PORTAL
Ruto’s remarks come as the government intensifies efforts to attract more diaspora participation in key development projects. Authorities say housing is among the most viable avenues for investment, with thousands of affordable units currently under construction across major towns.
The president urged Kenyans abroad to verify all investment opportunities through official channels, warning that fraudulent schemes continue to target unsuspecting investors. “Your money should build your home, not enrich conmen,” he said.
By formalising diaspora engagement, the government hopes to boost both investor confidence and Kenya’s long-term housing development goals.
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