In a bid to diversify government revenue, the President William Ruto administration seeks to tap into the vast financial resources of the global diaspora with a groundbreaking Diaspora Bond aimed at raising half a trillion shillings in the first quarter of 2025.

Traditionally, the government has relied on increasing taxes and borrowing from development partners, including banks, non-governmental organizations, and foreign governments.

However, with Prime Cabinet Secretary Musalia Mudavadi leading the charge, the initiative promises to fund major infrastructure projects, including a new airport at Jomo Kenyatta International Airport (JKIA) and other key developments.