Business Ideas in Kenya for Every Entrepreneur

Are you thinking of venturing into business in future or even now? Here are some business ideas to consider.

1. Real Estate

The number of people in Kenya is ever increasing. As the number of people grows each and every passing day, the demand for houses to live in as well as carry out business activities in is also increasing.

This is the best investment opportunity that you can decide to venture in since it is also the path less taken by people because of the costs involved. Before you venture into this business though, you must realize that majority of Kenyans are middle class and therefore, if you want to make profit out of the business, the cost of your houses or constructions should be within the budgetary allocations of the Kenyan middle class.

As an entrepreneur who decides to venture into the business of real estate, you are always assured of a bright future. This is because the value of land, rent and houses is ever-soaring.

You should also note that urban centers are ever sprouting in Kenya and that this leads to the demand for houses too. This also implies that the best place to invest in is the real estate business in developing urban centers.

2. Brick making industry

Did you know that you can make millions from making bricks? Many people have the notion that brick making industry is for those who are illiterate and with no education at all, but this is a virgin investment area that if ventured into, will make you rich. There is a huge demand for houses and offices in the whole country and people are ever in the lookout for the bricks so as to use them for construction. After the promulgation of the new constitution, County Governments were formed. The creation of County Government has led to the increase in the demand for houses and offices.

3. The health sector

There are people who are reaping millions of shillings from the health sector in this country as pharmacists, nurses and doctors. Among those making millions and smiling all the way to the bank are health personnel who have ventured into the private sector.

If you have what it takes in terms of finance, ability as well as academic credentials then think about starting a clinic, a pharmacy or a hospital and make some real money. Plus, you’ll be making people better and that’s a noble cause.

4. The education sector

As the world changes and as the population increases, so is the demand for quality education. There is a general notion that education in public schools is not that qualitative and so in search of quality education for their children, parents are out to hunt for privately owned schools. With this in mind then, why can’t you think of starting a private school? You should have in mind that the majority of Kenyans belong in the middle class and so as you set up a school, your fees should be within the reach of these Kenyans.

5. Garbage collection

Have you ever thought of becoming a garbage collector one day? Then you might want to consider venturing into the garbage collection business. People are making good money out of this business and it is high time that you realized this and get down to business.

The fact is that there is absence of a well-organized garbage collection system in our country today and if you have a third eye of seeing things the way I do, then this is an opportunity worth investing in.

With devolution in place, County Governments are spending millions in cleaning programs. Why can’t you take this opportunity and make some real solid cash?

6. The transport sector

With all the madness associated with the transport sector in the country, people are really making some hefty cash out of the business. The truth is that people are ever travelling. Investing in automobiles is therefore a worthy venture that will leave you making profit if handled carefully. Make sure that you invest in new automobiles so that you are in a position to minimize on the maintenance costs and maximize on the profits. You should also make sure that you invest in major towns though remote areas where vehicles rarely go like deep into the villages is where real business lies.

7. Collection and recycling of scrap metals

If you are thinking of a quick way to make some solid cash then the most viable investment you should think of is starting a business in collecting and recycling of scrap metal. With the increase in population and with the evolution of the construction sector, people are constantly searching for materials to use. Many companies are after metals too and if you have your small outlet where you will be producing these materials then you will be better off. Currently, 1 kilogram of scrap metal goes for about 20 Kenyan shillings. The same 1 Kilogram can be sold to big recycling firms at 120 shillings. This means that on every kilogram you are making 100 shillings. Is that not good business?

8. Start a mobile money transfer service

Although there are many M-PESA outlets in the country, there are places in this country where they have to walk for kilometers before coming across an M-PESA agent. Look for such places and grab that opportunity and invest. You will surely witness good returns out of the business.

9. The mining and precious stones business

The mining industry has not really taken root in Kenya but is worth investing in. Many Kenyans out there are really interested in precious stones and minerals. Investing in this business gives the promise of good returns. Take it upon yourself to be importing precious stones from such countries as Congo and sell them to people and see if you remain poor. If you are not able in terms of finance, then why not act as a middleman for a while before venturing into the business for yourself in future?