Deputy President Gachagua Urges Kenyans in the Diaspora to Invest in Treasury Bonds
Deputy President Rigathi Gachagua has urged Kenyans residing abroad to consider investing in Treasury bonds and bills.
Speaking on October 25, during an interactive session with Kenyans in Belgium, Gachagua emphasised the favourable returns offered by the government securities. He highlighted the government's efforts to facilitate the purchase of these bonds. He emphasized that government-backed securities are the most reliable way to invest in Kenya, offering attractive interest rates. Gachagua also noted that investing in these bonds would enable Kenyans to earn the same interest rates currently paid to foreign lenders.
In addition to bonds, he encouraged diaspora Kenyans to explore the affordable housing program, which offers affordable housing options in well-connected areas. Gachagua is in Belgium to represent President William Ruto during the Gateway Summit in Belgium, organized by the European Commission. At the forefront of the Kenya Kwanza government citizens' welfare initiatives is the housing project to offer affordable and comfortable homes to the people. These affordable homes are built on public land and provide the necessary basic amenities, which eliminate the costs of parks, roads, and electricity.
The Deputy President of Kenya has assured overseas citizens that their contribution is greatly appreciated by the Ruto government and earnest efforts will be made to collaborate with them. He points out the establishment of the State Department of Diaspora Affairs as evidence of the government's dedication to addressing their concerns and capitalizing on their investment potential. To boost citizen participation in national affairs, the DP has announced plans to simplify the procedures for obtaining and updating travel documents and other crucial paperwork.
The Ruto government is focused on implementing effective e-governance to make consular services more efficient. By doing so, individuals living abroad will have greater access to voting opportunities and key policy insights. Additionally, the Deputy President emphasizes that the healthcare system has been revamped to improve its effectiveness, efficiency, and comprehensiveness. He says that the government has developed a program that will provide coverage for terminal illnesses. The contribution for this program has been organized in a way that ensures those with higher incomes contribute more, while those with lower incomes contribute less. Additionally, those who do not earn an income will receive assistance free of charge.