Diaspora Bonds to Build our Future in Uganda
Creation of a diaspora bond marks the beginning of a new era in diaspora capital deployment.
There is a growing recognition among Ugandans living outside the country of the potential to contribute meaningfully to Uganda’s economic growth. With improved digital platforms, financial services, and government policies encouraging foreign direct investment, the diaspora now has more accessible and secure avenues to invest in diverse sectors such as agriculture, technology, and real estate. This influx of diaspora capital not only bolsters Uganda’s development but also fosters stronger connections between expatriates and their homeland, promoting sustainable economic empowerment and community growth.
What is a diaspora bond?
A diaspora bond is a type of debt instrument issued by a country or an organization to raise funds from its expatriate population living abroad.
These bonds are targeted at members of the diaspora who have a strong emotional or cultural connection to their homeland and are willing to invest in its economic development.
By purchasing diaspora bonds, investors provide capital that can be used for infrastructure projects, social programs, or economic growth initiatives, while earning a financial return.
The Storm is Global. The Shelter is Home.
In times of rising global instability—from inflation to market volatility, policy shifts to geopolitical shocks—security is no longer just about where you are, but where you build. As the world economy wobbles, many are asking deeper questions about legacy, ownership, and resilience. At TUKOLE Foundation, we believe the answer lies in one place: Back home.
That’s why we're proud to help launch a bold, community-first initiative: A Diaspora Bond Program built by and for the Ugandan diaspora—designed to fund real estate, infrastructure, and waste management projects while securing the educational future of every child in our community.
Uganda Diaspora Bond: A New Era of Pride, Profit, and Purpose
With over $2 billion in annual remittances, the Ugandan diaspora is already a powerful economic engine. But most of that capital is spent on short-term consumption—with little long-term impact on the nation’s development or diaspora wealth-building.
The Uganda Diaspora Bond changes that.
Structured as a government-backed investment instrument, this bond will offer the diaspora:
Stable returns
Global accessibility (with no foreign intermediaries)
Direct participation in national development
Unlike speculative schemes or vague national projects, these bonds are targeted, transparent, and tied to tangible impact—including:
Real estate developments that provide homes and housing for families and students
Waste management infrastructure that modernizes sanitation and supports green jobs
Rural banking infrastructure, built through commercial banks, to bridge the financial divide
Public procurement projects that offer diaspora-preferred contracts
WHAT IS THE DIASPORA TAX?
It is a self-imposed levy; a social, cultural, and psychological burden placed on migrants reflecting the constant expectation to send money back home. Often working undesirable jobs, enduring discrimination and hostile working conditions to fulfil this obligation.
This squeeze effect ensures the diaspora finances the host economies through their underpaid labor and home economies through their remittances, yet remain outsiders in both.
Surveys show a range of $200 to $500 per month.
Municipal Infrastructure Set-Asides
In partnership with Ntare Consulting & Financial, and backed by First Diaspora Bank (FDB), this program includes a dedicated Diaspora Infrastructure Set-Aside for cities like Entebbe and Jinja—a fast-growing urban hub in dire need of upgraded roads, clean energy, modern waste systems, and housing.
Program Objectives:
Enhance Infrastructure: Roads, bridges, waste systems, and transport for Uganda’s future cities.
Engage Diaspora Capital: A simple $1,000 entry point makes investing accessible for all.
Drive Economic Growth: Infrastructure attracts business, boosts real estate value, and creates jobs.
Enable Sustainable Development: Projects will align with environmental best practices and ESG goals.
Embed Policy: Advocate for an East African legislative framework for diaspora infrastructure financing.
“Baby Bonds” for a New Generation
In a unique and innovative twist, a portion of the Diaspora Bonds should specifically include a Community Baby Bond Program—a dedicated, long-term, child-centered savings vehicle thoughtfully designed to support the financial well-being and future opportunities of children within the community. This program would aim to provide a stable financial foundation, ensuring that every child has access to resources that can help them thrive and succeed as they grow.
SECURE THEIR FUTURE
Invest in your child's future today by supporting the Baby Bond program.
Secure a financial foundation that grows over time, providing your little one with opportunities for education, entrepreneurship, and a brighter tomorrow.
Sign up now and empower the next generation to thrive.
Each participating parent or guardian will contribute atleast $1,000 annually per child. Funds are held and reinvested until the child’s college graduation, when they may be used for:
Tuition
Homeownership
Starting a business
This strategy reflects a global movement to anchor children in wealth from birth—not through debt or charity, but structured investment. It's a blueprint for replacing student loan burdens with asset-backed security.
Why Real Estate, Infrastructure, and Waste Management?
These sectors aren’t just development priorities—they're economic engines:
Infrastructure
Roads, water systems, ports, and public transit form the backbone of economic growth.
Diaspora bond proceeds can be directed into projects selected under Municipal Set-Asides, with named diaspora co-investors.
Real Estate
Diaspora-led investments in housing developments provide rental income, equity growth, and housing for returning families.
Partner with REITs, construction co-ops, and diaspora housing cooperatives.
Waste Management
Uganda’s urban growth has outpaced its waste systems. Bond-financed projects can build composting centers, recycling infrastructure, and green waste-to-energy plants.
These create jobs, reduce disease, and qualify for climate finance certifications.
The Diaspora Bond Structure
Uganda’s proposed Diaspora Bond, would adopt a hybrid structure informed by international best practices:
The investment opportunity requires a minimum investment of at least $1,000 per year to make it viable, with denominations available in USD and UGX. It could offers competitive returns benchmarked against local treasury bonds, with maturity periods ranging from 5 to 10 years. Entry would be open to both retail and institutional investors through an accessible online platform and community investment events safeguarded by the ability to get a national ID. Governance would be overseen by a mixed advisory board alongside a trustee management service, ensuring strong oversight.
The investment would be backed by diaspora cultural organizations and commercial bank partners, providing additional guarantees. Transparency would be a key feature, with audited use of funds, regular investor updates, and a blockchain registry to ensure full traceability.
Key Performance Indicators (KPIs)
The proposed Uganda Diaspora Bond would be held to the highest impact and accountability standards:
💰 Funds Raised: Targeting $100M in first 5 years
👥 Diaspora Participation: At least 10,000 investors by Year 3
🏗️ Projects Funded: 50+ infrastructure and real estate developments
🧒 Children Sponsored (Baby Bonds): 5,000+ children enrolled
🌱 Sustainability Metrics: ESG-compliant projects, green certification
Global Lessons, Local Action
Countries like Israel, India, Ethiopia, Nigeria, and Kenya have all successfully launched diaspora bond programs. But Uganda’s version will be community-first, transparent, and culturally anchored—built for legacy.
This is not just an investment vehicle.
It’s a return to roots.
A shelter from global storms.
And a blueprint for diaspora-led nation-building.
Secure the Now, to Invest in the Future
We’re inviting you—Ugandans abroad, descendants, friends of Uganda—to:
✅ Contribute $1,000/year to a child’s Baby Bond
✅ Invest $1,000+ in the Diaspora Bond
✅ Join or sponsor a project in real estate, infrastructure, or waste management
✅ Support the TUKOLE Business Network's mission to bridge the diaspora and home
Sign up now to get more information and support the cause.
Pledge your interest now and help shape a brighter, safer, and smarter Uganda—for your children, your community, and your legacy.
To join or learn more contact us
Security isn't just about where you are. It's about where you build.
Let’s build—together.
