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Investment

Why Investing in Kisii is One of the Best Ways to Create Value for Your Money

BY Soko Directory Team · February 24, 2016 12:02 pm

Everyone is looking for that opportunity that will increase their revenue stream. That opportunity that will make them make some extra money needed to meet certain needs in their lives. These opportunities are everywhere and the challenge is to identify the legit ones and the fake ones and then measure the threshold of risk needed to go through the investment cycle before profits come in.

Devolution has created the perfect opportunity for many of us to invest across the country with the challenge being able to identity the opportunities available. Warren Buffett once said that opportunities come infrequently. That when they come, they rain in gold and that we should put out the bucket, not the thimble. This is what devolution has done for us Kenyans.

Whether we are in the diaspora or local, the opportunities are raining gold and we need to put the buckets out there. Our country has the blessed opportunity to actually and truly be a middle income state. The counties have presented us with low hanging fruits in terms of investments and its time to take advantage of the same.

Kisii is a booming town in South-Western Kenya. It is the main urban and commercial centre in the Gusii Highlands and the South Nyanza region. A vibrant town, the Kisii municipality has a population of about 200,000, according to 2012 estimates. It has a large dependent metropolitan population of over 100,000 residents, as per the latest national population and housing census of 2009. Kisii town is the capital of the Kisii County.

The numbers are interesting to look at because any business and investment depends on numbers to grow and thrive. The latest data show an increasing population that is critical to any business.

Kenyans in the diaspora have more disposal income compared to the locals and hence, the perfect opportunity to invest and develop the region. With a myriad of opportunities in manufacturing, agriculture, logistics, security, technology, education, real estate and health, Kisii County is a gold mine in terms of investment opportunities.

Manufacturing has diverse opportunities in having processing plants that will process and add value to raw agricultural produce like tomatoes, potatoes, guavas and bananas. With one processing that can have diverse technology to process diverse value end to these foods. This is an untapped opportunity that will revolutionise farming in the region, create long term sustainable jobs, and uplift the lifestyle of people. With an investment of KES 10M, one can set up a multi-faced processing plant that will do a lot. This funding can be available to the entrepreneur from a bank like Chase which has GES funds available for such.

Agriculture is the main economic activity in the region and despite using old and out dated methods to do farming, the region has failed to take advantage of the increasing metropolitan population to advance with their needs. Farming needs to be upgraded to include irrigation, in order to circumvent the seasonal aspect of rain and this is an opportunity for irrigation equipment. The region consumes milk that is produced from subsistence dairy farming and this is a huge opportunity for a milk plant hence better and mechanised farming. This presents unique opportunities that will have over 1000 % in terms of returns.

Transportation is key for any economy and this region needs better means of logistics to be able to connect the diverse economic activities. Transportation in courier services, farm produce to the market, movement of labour from one point to another are key opportunities that someone can venture into. The return margin on this is about 45% per year.

No business can be able to take place without security. Given that devolution has brought resources closer to the people, this has increased the threshold of security and this is an amazing opportunity for provision of diverse solutions to the needs in the security sector. The returns have a margin of 57% per year if well managed.

With an increasing population, one thing is key, housing is needed and offices are needed courtesy of the devolution aspect. Real estate connects diverse sectors from construction to transportation. Anyone with over 5M can able to invest in the sector and have over 1000% return upon completion. A healthy county is key for prosperity. Health facilities are in dire need because with advancing lifestyles, lifestyle diseases and others are becoming an issue and the county would do with better medical facilities. This is a unique opportunity especially given its location.

Education is the spear that any generation faces the future with. Given the performance of the schools in the region, it leaves a lot of opportunities to invest both in the infrastructure and the human resource aspect to be able to empower the region to perform better. returns here have a margin of between 50-70% depending on management, execution and long term plans.

Money is attracted to a purpose and value in a venture or activity. Kisii County has the value and purpose that would attract any form of money and Chase bank has the bridge to ensure that any investor, be they local or diaspora can be able to cross it and invest well here.

Article by Steve Biko.

 

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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