Top 10 Lucrative Business Opportunities In Kenya People Tend To Ignore

Starting a business is not easy even though it may be one of the best decisions you can make, regardless of your employment status.

It is a good way to make money, and the possibilities and benefits are endless, and with Kenya being one of the most rapidly developing African countries, it is one of the best countries to invest in a business right now in Africa.

Not all small business ideas are made equal: Some require more effort and funding than others, while some can be launched with few resources or resources you already have. As a potential small business owner, you’ll want to save as much money as possible on training, rent, supplies, and other necessities.

There are businesses out there that are very lucrative but very few people know or bother about. It’s not that they do not know about the businesses really, but that they don’t see how lucrative these business ideas are.

Most people look down upon these businesses because they take them as tasks meant for the less educated, less civilized, and the poor in society.

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1. Garbage Collection Business

Many people have not discovered garbage collection as a potential business opportunity that can turn your dreams into reality. Due to minimum competition, the garbage collection business is in high demand thus a lucrative business idea for you.

2. Chicken-rearing business

The poultry farming business is highly profitable if it is properly run under acceptable methods. Each type of livestock farming, poultry included, follows specific operational principles if they must run profitably, but when such principles are ignored by the farm authority, it causes serious losses.

3. Snacks Business

The snack business is not only relevant (seeing as everyone needs to eat), but it is also quite versatile as there are no limitations as to the variety of snacks you can sell. If your customers enjoy it and you can prepare it, then you can sell it.

You can easily start with a capital of 5,000 shillings if you want to do business on a small scale. But if you want to go bigger, then a capital of 150,000 shillings should be enough

4. Boda Boda (Motorcycle) Business

Boda boda is a lucrative business and you stand to get a lot of money. To get started you’ll need to find experienced and licensed riders and some motorcycles.

A good motorcycle costs somewhere between 60,000 shillings to 110,000 shillings. This capital, however, is for those who would like to operate a single motorcycle. This amount will cover a new motorcycle helmet, insurance, fuel, and protective jackets.

5. Brick-making business

You do not need to own a brick-making machine. Use the traditional mode of brick-making that makes use of rectangular boxes specifically designed for bricks. Making one costs 300 shillings and to start, you need around three of them with each making three bricks at ago.

6. Smokie and Eggs Business

Around 50,000 shillings is more than enough to start this business. It is one of the most profitable businesses with a very low starting capital. The profit margins in this type of business are huge, especially in a very populated location.

7. Mutura/Bone Soup Business

A kilo of raw mutura can fetch about Ksh500 after it has been prepared. Other additions such as bone soup have high-profit margins of up to 400 percent. Demand for mutura rises during the weekend, as people patronize their favorite joints.

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8. Butchery Business

Meat is a delicacy to most Kenyans, and the high demand for meat, makes butchery lucrative, so there is a possibility that you can succeed in this business.  You can either do small scale by selling in small parts to customers, or you can go large scale and sell in bulk to restaurants, hotels, and other business ventures that use meat.

9. Mobile Money Transfer Shops and Bank Agents Business

The mobile money transfer business is a very hassle-free business to start. Just have money in your account, a good location with human traffic, and rent a secure shop. You could start with the M-Pesa shop and then gradually move to other services as well.

10. Travel Agency Business

With more and more people wanting to travel so as to discover their country and other countries, the travel agency business is growing to be one of the most profitable ones in Kenya.

To start a travel agency business in Kenya, you mustn’t have a fleet of cars, buses, planes, or jets. Just become a certified partner with an already established tour company, select the best places for customers to visit, and let your customers sign up for the trip.

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