Tonight on the Kenya Progressive Voice Radio at 9pm ET: Home Link Services for Kenyans Abroad

ISSUE: Lack of trust is making it difficult for Diaspora Kenyans to invest in Kenya. It is difficult to trust even family members. Today, if you add all the monies owed to Diaspora Kenyans by Kenyans in Kenya—owed not as in debt but as in swindles they are trying to recover, it is easily over 1 billion shillings. This does not include monies written off as unrecoverable, too small to bother about or too embarrassing even to mention because it involves family, close relatives or dear friends..

The result is that Diaspora  Kenyans, who should be the biggest source of foreign direct investment in Kenya are holding back and are only remitting what they must remit –largely for education, food and other subsistence needs. A recent World Bank Study shows 2.6 million Kenyans receive a total of $2 billion (Sh160 billion) annually from Kenyans in the Diaspora. If a trustful environment can be created in investment and business management, it is possible that the amount being transmitted could grow 10 times. The multiplier effect of direct investment of over a trillion shilling per annum can immediately uplift the economy to middle income levels within a decade. All that Kenyans need is to learn how to build trust.

• Have you ever sent money to Kenya for a particular purpose and the recipient disappeared with it?
• Have you partnered with people in Kenya only for your “partners” to disappear with your capital?
• Have you tried to create a community project to help your community back at home only for the project money to disappear?
• Have you tried to buy land, property or vehicle in Kenya and lost everything?
• Are you owed money in Kenya and you don’t know how to get it back?
• Have you wished that there would be an organized support services to help you start a business?
• How can Kenyans build Trust?
   

The Next Big idea
 
Trust is crucial in business, especially online. Jupiter Communications estimates that almost $21 billion in revenue will be lost online due to issues related to lack of trust. Trust includes privacy and security concerns, as well as the belief that orders will be delivered on time and that you'll get important information when you need it.

IDEAS (Among others)

• Diaspora Auctioneer  and Debt recovery Service
• Countrywide project and business management service (to manage your projects for you while you are away)
• Bonded project implementers
   

PANELISTS

• Mr. Mburu, CEO Titan Impex Shipping, New Jersey, USA
• Francis Gichuhi Kamau, A4 Architect, Nairobi, Kenya
• Ernest Eugene Osogo,  Ernie Home Delivery Service, Nairobi, Kenya
   

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