DUT FREQUENTLY ASKED QUESTIONS (FAQs)
founders, developers & trust
The founders of Diaspora University Town (DUT) and Diaspora University are Diaspora Kenyans, Ndara B Community and Partners. The university and town development is by Diaspora University Trust in accordance with the Master Development Plan and other written conditions and agreements.
Diaspora University Trust is incorporated in accordance with the Trustees (Perpetual Succession) Act. Through a Trust Deed the Trust received the resources established by the founders and Trustees were appointed to develop Diaspora University with the resources. The Diaspora University assets by the end of 2023 were valued at Ksh 3.2 billion.
No. A Trust is not established through share capital. A Trust is established through donations that become the capital. On the other hand, Shares are issued by companies incorporated in accordance with the Company acts.
A person who signs Diaspora University Town – Town House Investment and Development Agreement and puts in capital in accordance with the THIDA becomes a founder of the university as per provisions of Diaspora University founding. The main reason for considering a Townhouse Developer as a founder of the university is that the townhouses are part of the university founding. The townhouses will support the university with faculty and staff housing.
A property developer puts in the capital that develops the property and owns the property at the start of building. A property buyer buys a completed property and owns the property when it is completed. Both a property developer and a property buyer do not 100% own a property if they borrowed money.
20,000 jobs creation
The project will create 15,000 jobs at Diaspora University Town and 5,000 at Ndara B 4,000 acres plan as tabulated.
| JOBS PLANS | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Diaspora University & Hospital | 300 | 450 | 1,500 | 2,000 | 2,500 |
| Town | 300 | 350 | 400 | 450 | 500 |
| Design – Build | 1,600 | 3,000 | 3,000 | 3,000 | 2,000 |
| MSMEs | 800 | 2,200 | 5,100 | 7,550 | 10,000 |
| Diaspora University Town Jobs | 3,000 | 6,000 | 10,000 | 13,000 | 15,000 |
| Ndara B 29 MSMEs Jobs | 2,000 | 4,000 | 5,000 | 5,000 | 5,000 |
| TOTAL | 5,000 | 10,000 | 15,000 | 18,000 | 20,000 |
25,000 town residents
As the 20,000 jobs are created and the human population grows by nature; a town of 25,000 residents will emerge. The Kenya Constitution rights to be achieved are: 42. Every person has the right to a clean and healthy environment; 43. (1) Every person has the right— (b) to accessible and adequate housing, and to reasonable standards of sanitation; (d) to clean and safe water in adequate quantities; 53. (1) Every child has the right—(c) to basic nutrition, shelter and health care.
| RESIDENTS PLANS | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Children Under 18 years | 200 | 3,000 | 5,000 | 7,500 | 10,500 |
| Adults 18 years – 65 years | 800 | 3,500 | 6,000 | 9,000 | 12,500 |
| Adults Over 65 years | – | 500 | 1,000 | 1,500 | 2,000 |
| TOTAL | 1,000 | 7,000 | 12,000 | 18,000 | 25,000 |
diaspora university & hospital
The finance plan for Diaspora University is based on the endowment achieved and the provisions in the Master Development Plan as tabulated:
The endowment will fund: KSh 5.4 billion Property and Equipment Finance; KSh 665 million MSMEs Investments; and, KSh 14 billion Students Finance Fund. As the first class graduates, Diaspora University assets will be about Ksh 30 billion. The assets financed by Endowment 20 billion, loans of about Ksh 10 billion and other donations from philanthropists.
| ENDOWMENT (CAPITAL) | KSH | NOTES |
|---|---|---|
| Balance Sheet (Dec 2023) | 3,215,000,000 | Valued through property and other assets |
| Development Income | 1,785,000,000 | Town and property development income |
| Returns from Investments | 5,000,000,000 | Profits from MSMEs and value growth |
| MSMEs Save-Invest Plan | 5,000,000,000 | Shares of MSMEs release to investments |
| Government Incentives (National & County) | 5,000,000,000 | Tax incentives through SEZ & County Bill |
| Total | 20,000,000,000 |
The university intake plan is to grow to 5,000 students and create 1,000 faculty and staff jobs. The budgets as tabulated:
| PERIOD | STUDENTS | BUDGET (Ksh) | MONEY SOURCE | APPLICATION |
|---|---|---|---|---|
| Pre-Students Intake | 200,000,000 | • Endowment • Founding Costs • Registration Costs • Faculty – Staff Pay |
• Faculty/Staff Pay • Buildings/Loan • Environment • Labs/Sports/Library • Students Expenses • Research, Consultancy • Project Centers |
|
| Students Year 1 | 1,000 | 750,000,000 | • Students Cash Payments • Endowment KSh 14 Billion Students Finance Fund. • Research Grants. |
• Faculty/Staff Pay • Buildings/Loan • Environment • Labs/Sports/Library • Students Expenses • Research, Consultancy • Project Centers |
| Students Year 2 | 2,000 | 1,300,000,000 | • Students Cash Payments • Endowment KSh 14 Billion Students Finance Fund. • Research Grants. |
• Faculty/Staff Pay • Buildings/Loan • Environment • Labs/Sports/Library • Students Expenses • Research, Consultancy • Project Centers |
| Students Year 3 | 4,000 | 2,400,000,000 | • Students Cash Payments • Endowment KSh 14 Billion Students Finance Fund. • Research Grants. |
• Faculty/Staff Pay • Buildings/Loan • Environment • Labs/Sports/Library • Students Expenses • Research, Consultancy • Project Centers |
| Students Year 4 | 5,000 | 3,000,000,000 | • Students Cash Payments • Endowment KSh 14 Billion Students Finance Fund. • Research Grants. |
• Faculty/Staff Pay • Buildings/Loan • Environment • Labs/Sports/Library • Students Expenses • Research, Consultancy • Project Centers |
The hospital is for meeting the healthcare rights of the 5,000 university students, 25,000 town residents, Taita Taveta county residents and Kenyans.
Kenya constitution 43. (1) Every person has the right— (a) to the highest attainable standard of health, which includes the right to health care services, including reproductive health care; (2) A person shall not be denied emergency medical treatment.
The hospital development plan will start at Level 2/3 and progress to level 5/6. Below revenue and usage budget are planned to be achieved. The budgets will support the creation of 1,500 medical hospital jobs as per Level 5/6 requirements.
Kenya constitution 43. (1) Every person has the right— (a) to the highest attainable standard of health, which includes the right to health care services, including reproductive health care; (2) A person shall not be denied emergency medical treatment.
The hospital development plan will start at Level 2/3 and progress to level 5/6. Below revenue and usage budget are planned to be achieved. The budgets will support the creation of 1,500 medical hospital jobs as per Level 5/6 requirements.
| PERIOD | BUDGET (KSH) | MONEY SOURCES | MONEY USAGE |
|---|---|---|---|
| Pre-opening | 50,000,000 |
• DUT Healthcare Program (20,000 jobs, 5,000 students & others.) • Government Insurance Funds • Government Payments • Diverse Insurance Payments • Cash |
• Space Rent • Building Loan Repay • Hospital Operation Budget • Diagnostics • Medicines • Management |
| Year 1 | 250,000,000 |
• DUT Healthcare Program (20,000 jobs, 5,000 students & others.) • Government Insurance Funds • Government Payments • Diverse Insurance Payments • Cash |
• Space Rent • Building Loan Repay • Hospital Operation Budget • Diagnostics • Medicines • Management |
| Year 2 | 600,000,000 |
• DUT Healthcare Program (20,000 jobs, 5,000 students & others.) • Government Insurance Funds • Government Payments • Diverse Insurance Payments • Cash |
• Space Rent • Building Loan Repay • Hospital Operation Budget • Diagnostics • Medicines • Management |
| Year 3 | 2,000,000,000 |
• DUT Healthcare Program (20,000 jobs, 5,000 students & others.) • Government Insurance Funds • Government Payments • Diverse Insurance Payments • Cash |
• Space Rent • Building Loan Repay • Hospital Operation Budget • Diagnostics • Medicines • Management |
| Year 4 | 4,000,000,000 |
• DUT Healthcare Program (20,000 jobs, 5,000 students & others.) • Government Insurance Funds • Government Payments • Diverse Insurance Payments • Cash |
• Space Rent • Building Loan Repay • Hospital Operation Budget • Diagnostics • Medicines • Management |
The property and equipment will be financed by endowment and loans as tabulated. The buildings and loans repay and equipment usage in the budgets of University, Hospital and Town will repay the loans.
| PROJECT | BUDGET (KSH) | FINANCED BY |
|---|---|---|
| University Buildings and Fields | 6,000,000,000 |
• Endowment (Ksh 5.4 billion) • Property and Equipment Loans (About Ksh 10 Billion) |
| Hospital Buildings | 3,500,000,000 |
• Endowment (Ksh 5.4 billion) • Property and Equipment Loans (About Ksh 10 Billion) |
| Technical High Buildings and Fields | 2,200,000,000 |
• Endowment (Ksh 5.4 billion) • Property and Equipment Loans (About Ksh 10 Billion) |
| Recreation Park | 1,500,000,000 |
• Endowment (Ksh 5.4 billion) • Property and Equipment Loans (About Ksh 10 Billion) |
| Town Buildings, Dam & Structures | 1,930,000,000 |
• Endowment (Ksh 5.4 billion) • Property and Equipment Loans (About Ksh 10 Billion) |
| TOTAL | 15,130,000,000 |
town plan
The town plan consists of: the 3,778 properties serviced by a 60km road and infrastructure network; a settlement of 25,000 residents; and, plan to establish Town Departments that will progressively develop and sustain the town. Diaspora University Trust is developing the town and looks to achieve the operation budget and created 500 jobs especially in the environment sustenance as tabulated:
| PERIOD | BUDGET (KSH) | SOURCE | APPLICATION |
|---|---|---|---|
| Pre-Students | 160,000,000 | • Endowment |
• Plans and Systems • Development/Operation Plan |
| Year 1 | 265,000,000 |
• Property Rates/Fees • Environment Revenue • Parking Fees • Other Fees |
• Development/Operation Plan • Buildings loan Repayment • Equipment Loan Repayments |
| Year 2 | 480,000,000 |
• Property Rates/Fees • Environment Revenue • Parking Fees • Other Fees |
• Property Rates/Fees • Environment Revenue • Parking Fees • Other Fees |
| Year 3 | 693,000,000 |
• Property Rates/Fees • Environment Revenue • Parking Fees • Other Fees |
• Property Rates/Fees • Environment Revenue • Parking Fees • Other Fees |
| Year 4 | 1,000,000,000 |
• Property Rates/Fees • Environment Revenue • Parking Fees • Other Fees |
• Property Rates/Fees • Environment Revenue • Parking Fees • Other Fees |
Through the town departments and budgets, the following services will be financed and provided: Town management, Environment Sustenance, Clean Water, Clean air, Waste Management, Wastewater Management, Security, Fire Stations, Roads Maintenance and others as residents may progressively add as they settle.
Yes. All the 60km road network of streets and avenues will be paved.
81 properties of the 3,778 are allocated to become town properties. The properties will be financed by the Diaspora University Trust property budgets. Once the development plan is completed, the properties shall be passed to the town system.
The water sources include: Voi River, Boreholes, Mzima Springs, Njoro Springs, Sagalla Dam, Mughe Dam, Lake Challa and other sources. The water plan will ensure clean uninterrupted water supply. The supply will be done through tanks and a 60 km clean water infrastructure.
The energy will come from the power grid. Other sources of energy plans are incorporated including putting solar in all the roofs of townhouses and waste to energy.
msmes and organizations
These are the business and origination plans that will: supply products and services to the town residents and ensure economic, social, children and environment rights are attained every day; support the Town Operation, Management and Environment plans; ensure the Town resident’s; supply goods and services to the University operation plan; meet the Student’s food, housing and social needs; supply the Medical Hospital operation plan with goods and services; and produce and supply other goods and services to the town, Kenyans and export markets.
About 300 MSMEs and Organizations will operate from properties built on 140 plots that include the following: Basic and Vocational Education Schools; Manufacturing Industries; Environment Management MSMEs; Healthcare and personal beauty products and services MSMEs; Vehicle sales, repairs, fueling and spares shops; Household goods, food retail outlets and other Consumer Goods outlets; Restaurants, Hotels and Tourism services; Diverse Professional Services; Financial Services; and, other services and products.
> The 300 MSMEs will create 12,000 jobs.
About 300 MSMEs and Organizations will operate from properties built on 140 plots that include the following: Basic and Vocational Education Schools; Manufacturing Industries; Environment Management MSMEs; Healthcare and personal beauty products and services MSMEs; Vehicle sales, repairs, fueling and spares shops; Household goods, food retail outlets and other Consumer Goods outlets; Restaurants, Hotels and Tourism services; Diverse Professional Services; Financial Services; and, other services and products.
> The 300 MSMEs will create 12,000 jobs.
Ndara B Community is starting 30 MSMEs that will produce building material, water, farming products. They will make 4,000 acres of land productive and create 5,000 jobs.
The 300 MSMEs revenue will come from the budgets of the university, town, design-build, MSMEs and others. 12,000 jobs will be created by the revenue that will grow to surpass Ksh 100 billion.
| PERIOD | REVENUE (KSH) | SOURCE | APPLICATION |
|---|---|---|---|
| Pre-Students | 5,000,000,000 |
• University Budgets • Hospital Budgets • Town Budgets • Design-Build Budgets • Residents Purchases • Visitors Purchases • Students Purchases • MSMEs & Organizations • Other |
• Jobs Pay • Buildings Loan Repay • Equipment Lease or Loan Repay • Utilities (Electricity, Water & Other) • Products Purchases • Other |
| Year 1 | 15,000,000,000 | ||
| Year 2 | 20,000,000,000 | ||
| Year 3 | 60,000,000,000 | ||
| Year 4 | 100,000,000,000 |
The main MSMEs are: Daktari Biotechnology for Medicine and Vaccines production; Design Build Company for design and building of roads, infrastructure and property; and DUT Credit Ltd of finance.
The three MSMEs are expected to pass the Ksh 10 billion revenue mark by year 4 as the MSMEs prepare to expand their markets in Kenya and Africa as they create jobs for the students graduating.
The three MSMEs are expected to pass the Ksh 10 billion revenue mark by year 4 as the MSMEs prepare to expand their markets in Kenya and Africa as they create jobs for the students graduating.
Yes. About 200 of the 300 MSMEs and Organizations that will be opened at Diaspora University Town by individuals as sole proprietor or partnership businesses. Preference will be given to the founders who are Townhouse Developers and Ndara B Community members.
>Individuals can also invest in MSMEs through establishment of a company in accordance with the Company act and share capital.
>Individuals can also invest in MSMEs through establishment of a company in accordance with the Company act and share capital.
design-build plan
The 1,500 acres design build plan includes: the 3,778 plots; the 60 km road network; the plots allocation to Diaspora University plans, Town Plan, MSMEs/Organizations plans, Residential and Roads; 4,000 building or structures to be erected; 6,900 properties development and registration; and, 6.900 properties finance plan.
| PLOTS/USAGE | ACRES | PLOTS | BUILD | PROPERTIES | FINANCE PLAN |
|---|---|---|---|---|---|
| Diaspora University |
• Trust Endowment • University Budgets • Bank Loans |
||||
| University Campus | 155 | 1 | 40 | 1 | |
| University Fields and Parks | 70 | 1 | 5 | 1 | |
| University Recreation Parks | 139 | 2 | 10 | 1 | |
| Tech High School | 39 | 1 | 5 | 1 | |
| Town |
• Trust Endowment • Town Budgets • Bank Loans |
||||
| Town Park and Sewer Plant | 47 | 1 | 4 | 1 | |
| Cemetery | 47 | 1 | 2 | 1 | |
| Town Offices and Other | 17 | 10 | 30 | 10 | |
| Parks | 16 | 69 | |||
| MSMEs and Organizations |
• Trust Investments • MSMEs Investments • Individual Investments • Bank Loans |
||||
| Daktari Biotechnology Ltd | 11 | 1 | 3 | 1 | |
| DUT Credit Ltd | 3 | 1 | 1 | 1 | |
| Design Build | 9 | 1 | 4 | 1 | |
| DUT Materials | 9 | 1 | 1 | 1 | |
| Schools and Fields | 36 | 7 | 20 | 7 | |
| MSMEs and Organizations | 161 | 128 | 320 | 128 | |
| Residential |
• Individuals Capital • Trust & MSMEs • Mortgages |
||||
| 3,500 Town Houses | 403 | 3,500 | 3,500 | 3,500 | |
| 3,200 Apartments | 47 | 8 | 10 | 3,200 | |
| Other Residential Houses | 10 | 45 | 45 | 45 | |
| Roads and Infrastructure | • Property Budgets | ||||
| 60 km Roads & Infrastructure | 281 | ||||
| Total | 1,500 | 3,778 | 4,000 | 6,900 |
In the 5 year design build plan the 60km and about 3,750 structures and buildings will be completed through 300 DB production contracts as follows: 175 townhouse; 20 roads contracts; 25 university; 19 town; 6 other Residential; 45 MSMEs and Organizations; and, 10 apartments. Production Contracts will range from 4 weeks to 50 weeks. A construction finance of about Ksh 1 billion will be applied for building. Once property is completed, the property will be paid off in cash and through loans or mortgage finance. The construction finance account refunded the money.
The estimated construction budget for the 300 contracts is Ksh 38.3 billion. The amount will be applied as tabulated:
| CATEGORY | AMOUNT (KSH) | DESCRIPTION |
|---|---|---|
| NDARA B | Ksh 10.7 BILLION |
1. Ndara B 15 Industrial Companies Supplying Building Products. 2. Ndara B Community Natural Materials from Land |
| WORKERS | Ksh 11.5 BILLION |
3. Professionals and workers time input. 4. About 25 million hours by 3,500 persons in 260 weeks. |
| OTHER | Ksh 12.2 BILLION |
5. Other Materials not supplied by Ndara B. 6. Equipment, Fuel, Tools, and other costs. 7. Space Usage Rent Payments. |
| MSMEs | Ksh 3.9 BILLION |
8. Capital Returns of Business Systems/Companies. 9. Other Professional Pay and Consultant Fees. |
townhouses development
The property development cost is broken into two: Developer Capital of Ksh 750,000 per unit for 50ft x 100ft plot allocation and the total budgeted house development cost (HDC) in accordance with THIDA for the 3,500 townhouses is Ksh 22.75 billion (60%) of the Ksh 38.3 billion budget. The per unit house development cost is Ksh 6.5 million. The total property development cost is Ksh 7.25 million.
The development cost or sale price will be financed through the long term mortgages. The KMRC mortgage product of up to Ksh 10.5 million, single digit interest and 25 years tenor.
The Townhouses will create a new business of about Ksh 25 billion in mortgages for KMRC and the financial institution that is the primary mortgage lender.
The Townhouses will create a new business of about Ksh 25 billion in mortgages for KMRC and the financial institution that is the primary mortgage lender.
apartments & other residentials
The investment in apartments will start much later. Preference will be given to those selling townhouses and the persons taking up jobs.
The investment in the other residential houses is preserved for the Trust, Townhouse Developers and persons taking up jobs. Diaspora University Trust is incorporated in accordance with the Trustees (Perpetual Succession) Act. Through a Trust Deed the Trust received the resources established by the founders and Trustees were appointed to develop Diaspora University with the resources. The Diaspora University assets by the end of 2023 were valued at Ksh 3.2 billion.
finance plan
The finance plan for operations and properties is as tabulated.
| FINANCE PLANS | PLAN (KSh) | FINANCING SOURCE |
|---|---|---|
| Town Development Budget | 160,000,000 | • Trust Endowment |
| Pre - University Opening Budget | 230,000,000 | • Trust Endowment |
| 15 MSMEs Investments | 665,000,000 | • Trust Endowment |
| 30 Ndara B MSMEs Plans | 150,000,000 | • MDP Provisions |
| Construction Finance | 1,000,000,000 | • Trust Endowment/Bank Loan |
| University & Town Buildings | 12,130,000,000 | • Trust Endowment Ksh 5.4 billion • Mortgage Loans Ksh 6.73 billion |
| University Budget (Year 1 to 4) | 7,450,000,000 |
• Students Cash • Trust Endowment – Students Finance Fund of Ksh 14 billion. • MSMEs and Government Grants |
| 3,500 Townhouses | 35,000,000,000 |
• Developers/Owners Capital • Mortgage Loans to individuals by KMRC through the 20 PML Banks & SACCOs |
| 3,200 Apartments | 10,000,000,000 |
• Developers Capital • Mortgage Loans to individuals by KMRC through the 20 PML Banks & SACCOs |
| Other Residential | 700,000,000 |
• Developers/Owners Capital • Property Mortgage Loans from Financiers |
| 12 DUT MSMEs Capital & Buildings | 10,000,000,000 |
• Endowment • Share Capital Investments • Property Mortgage Loans from Financiers |
| 29 Ndara B Community MSMEs | 1,000,000,000 |
• MDP Provisions • Ndara B Land/Natural Resources • Equipment Loans from Banks |
| Other MSMEs Capital & Buildings | 25,000,000,000 |
• Share Capital Investments • Property Mortgage Loans from Financiers • Other Assets Finance |
The 5 year development plan is estimated to achieve Ksh 150 billion new wealth that is held as assets that is financed by capital, Ksh 80 billion and loans, Ksh 70 billion as follows:
| ASSETS | CAPITAL | LOANS | |
|---|---|---|---|
| Diaspora University Trust | 30,000,000,000 | 20,000,000,000 | 10,000,000,000 |
| Individuals and MSMEs | 120,000,000,000 | 60,000,000,000 | 60,000,000,000 |
| TOTAL | 150,000,000,000 | 80,000,000,000 | 70,000,000,000 |
Yes. Kenya Banking has been growing deposits mainly based on remittances. In 2023 the deposits grew by Ksh 900 billion. In the 5 years this plan will be implemented the deposits can grow by over 5 trillion and the Ksh 70 billion financed.
Yes. Finance can be invested through financing MSMEs as share capital or loans. Finance can be invested to be applied to give loans.
integrated production timeline
The table below shows the planned timeline and productions broken into 4 categories. The current goal is to start the first Design-Build contract before April.
Master Development Plan Results
- 20,000 Jobs Created: (DUT 15,000 and Ndara B 5,000.)
- 25,000 Residents Town: Includes townhouses and apartments.
- 3,500 Townhouses, 3,200 Apartments, and 45 Other Residential Units.
- Ksh 20 Billion Endowment: Diaspora University Endowment Fund.
- 5,000 Diaspora University Students.
- Diaspora University Medical Hospital: Includes specialty clinics.
- 300 MSMEs: Micro, small, and medium enterprises.
- 300 Design-Build Contracts Completed.
- 3,778 Properties with 4,000 Buildings: Covering (1.5 million square meters of built space.)
- 60 km Road & Infrastructure Network: (Clean water, sewer lines, stormwater, electricity, ICT.)
- 4 Million Liters of Clean Water Daily: Equivalent to 1.5 billion liters annually.
- Ksh 20 Billion GDP Contribution.
- Ksh 150 Billion New Assets/Wealth: (University Ksh 30 billion, Individuals & MSMEs Ksh 120 billion.)
- Ksh 70 Billion in Property Mortgage & MSME Finance.
- 200,000 Trees Planted in Town.