NAIROBI OUTER RING ROAD PROJECT UPDATES

Updated August 06 2017

The Outer Ring Road improvement project will open up its environs to new economic development just as the adjoining and now completed Thika Superhighway project did for close-by areas. The Ksh. 8.5 billion project was officially launched in January 2015 and is projected to complete in 2018.

The following websites provide further information on the project:

Other useful links on road projects undertaken by the Government of Kenya.

STANDARD GAUGE RAILWAY PROJECT

The standard gauge railway project is cause for excitement since this project will modernize the railway system in Kenya. The railway line will open up large parts of the country to new investment. In addition, all are hoping it will bring some structure and balance to the transport system, especially when it comes to freight transport within Kenya and to neighboring countries. The travel time between Mombasa and Nairobi will be cut from 10 hours to 4 hours.

NAIROBI BYPASS ROAD PROJECT

The Nairobi bypass system (see google map – external link) was designed to ease traffic from the main city arteries. A lot of progress has been made on the completion of these bypass roads. With the building of this road system, areas lying along the way have started to experience quick economic growth due to easier accessibility. Individual bypass roads include:

  1. The completed eastern bypass connects Mombasa Road to Ruiru-Kiambu Road and Thika Highway.

  2. The nearly complete southern bypass connects Mombasa Road with the Nairobi-Nakuru highway at Kikuyu circumventing the city center and Westlands which are major high traffic areas.

  3. The completed northern bypass linking Limuru Road to Thika Highway

  4. The recently announced western bypass that will connect the southern bypass at Gitaru and the northern bypass at  Ruaka.

Other useful links on road projects undertaken by the Government of Kenya.

USEFUL LINKS

Did you know Brazil has the largest African Diaspora population at 56 million followed by the USA at 42 million?


Kenyan Embassy/High Commissions

Government of Kenya Online Services

  • ecitizen website : Online registration with national ID and scanned copy of passport photo needed.

Diaspora Engagement & Studies

Diaspora Demographics

The 102,000-plus Kenyans in the US surpass the national US average in household median income and in college education according to a study by the Rockefeller Aspen Diaspora Program.


Diaspora Remittances


Kenya Economic Outlook:


Stocks and Securities 

INFORMATION ON HOSPITALS IN INDIA

One of the major worries for all Kenyans is the health and well-being of our loved ones especially when it comes to accessing quality healthcare. In this section we provide important links to healthcare institutions in India that provide specialized patient services to international patients.


Hospitals in India


See also
transearthmedicaltourism.com 


Health Insurance Resources

New websites recently  introduced are giving Kenyans the opportunity to compare and shop online for heath insurance plans from leading Kenya insurance companies.

COLLEGE SAVINGS PLANS IN THE US

Thankfully, just like with retirement if you start planning for your child’s college education early, financing it becomes less painful. With the upward trend in college tuition, low return rates from a conventional savings account might not be able to keep up with the constant increase.

State and private college savings plans and other alternative methods (such as using a Roth IRA account for college savings) are a good place to start:

State 529 College Savings Plans 

College savings plans are a great way of saving for college since they are tax deductible during the life of the plan and at withdrawal. Nearly every state has at least one savings plan, but in choosing the right college plan for your child, certain factors such as administrative fees (in cases where you cannot purchase the plan directly and have to use a broker), tax breaks and performance come into play. Morningstar, an independent investment research company, annually ranks the best college state savings plans based on many of these factors and is a good starting point in choosing which plan is the best for your child. It is also important to note that you do not have to purchase a savings plan offered by your state of residence, you can purchase a plan from any state. However, your state might offer better tax breaks on their plans but this might be offset by higher administrative fees or low performance.

More resources:

College Savings Plans Network (CSPN) is also a good resource for learning more about state college savings plans from all participating states.

This U.S.News article provides information on the kind of questions you should be asking about your college savings plan.

Picking the right college plan: Forbes Magazine article.

This article from 360 degrees of financial literacy looks at pro and cons of 529 college plans.

 Private 529 College Savings Plan 

The private college saving plan is offered by Tuition Plan Consortium, LLC (TPC), a national group of private colleges and universities. The unique feature of this plan is that it allows one to lock up the present day tuition rate for up to 30 years at nearly 300 participating institutions.

More resources:

Pros and cons of the private 529 College Savings Plan: New York Times article.

Is the private plan right for you: nerdwallet article.

If not used for college related expenses, you will have to pay a tax penalty (income tax and 10% penalty) to withdraw funds from the 529 college savings plan for other purposes.

Use Roth IRA Account for College Savings

Alternatively, one can use a Roth IRA to save for a child’s college education. Although not as popular as a 529 college savings plan, using this individual retirement account (IRA) offers certain advantages over college savings, especially if the money ends up not being spent on education, it can be easily steered to other use without incurring penalties as in the case of a 529 plan. Additionally for college expenses, the Roth IRA is exempt from early withdrawal penalties (i.e. before the age of 59 1/2). However, by using the Roth IRA for college savings, you are taking away a valuable component of your retirement plan since the annual maximum allowable contribution is $5500 ($6500 if your are over 50 years).

More resources:

Read all about Roth IRA at rothira.com