If you want to do profitable business in Kenya and become rich,there are specific towns you should launch your business. The obvious town to set up business is Nairobi because of the population and profit margins.
Before you start any kind of business,these are the factors to consider:
- Cost of doing business
- Money circulation
- Demand for that product
Having considered those factors,here is a list of best towns to start business in Kenya:
Nairobi is the capital city of Kenya and home to about 5 million people. Top hotels, government offices, international organizations, UN,and several other companies have headquarters located in Nairobi. This means that if you set up a business, no matter how small it is, you will get traffic flow.
Some of the most profitable businesses in Nairobi include hotel, real estate, insurance, banks, MPESA and matatu.
Mombasa is definitely one town that you should consider setting up a business. The wonderful thing about the town is the fact that it’s a tourist destination, one of the most preferred tourist destinations in the world. The dollars from foreign and local tourists will without any doubt fall onto your hands.
Kisii comes in as the third best town to do business in Kenya. The nice thing about Kisii is that it’s densely population. The town is also an agricultural hub, which means money coming from tea, maize, cash and food crops will all be yours.
Kisii is also peace during and after elections-you know, peace is important when it comes to business.
Thika is also not left among the towns ranked best in terms of business. Situated in the outskirts of Nairobi, Thika has numerous industries and has a huge population who are consumers. Setting up any business in Thika means profits.
Nakuru is a cosmopolitan town but dominated by kikuyu, Kalenjin and Kisii tribes. The town has advantage of being Nairobi and Western Kenya. Traders from Western Kenya pass through the town to Nairobi. This means that if you set up a business in Nakuru, you will save most people time for traveling to Nairobi.
In 2007 when there was post-election violence, Nakuru was among few towns not affected by violence.
Narok closes the list of towns best known for making millionaires. The reason we include this town among the best places to do business is the fact that most tourists to Maasai Mara call it their temporary home until they live the country. It’s also where most matatus make temporary stops as they ply Kisii-Nairobi route. Narok is also a peaceful town, thus favourible for business.
Majority of residents in Kisumu are consumers, which means that 99% of the businesses you will set up there will succeed. During peaceful moments, Kisumu is the best town to start any kind of business, the demand for any product is crazy.
The good thing about Kisumu is that not everyone is business oriented, implying that the competition will be less.
Some of the best businesses to start in Kisumu are:
- Fast food restaurant
- MPESA and bank agency business
- Transport business
- Movers business
Naivasha is another town that’s growing exponentially. If you are into real estate, this is the best town to start your business. The demand for rental houses is high as well as for guest houses.
Ever since devolution started more people have been moving to Machakos in search of greener pastures. There are many upcoming hotels and restaurants. Several people working in Nairobi live in Machakos because they consider the town cheap. Generally, business is booming in Machakos
Another town you should not ignore is Busia.This town is ranked among the busiest towns in Kenya because it’s at the boundary of Kenya and Uganda. As a business man, you’ll have the advantage of importing goods from Uganda cheaply and selling them to Kenyans at handsome profits.
Mtwapa is a small town but full of opportunities for entrepreneurs. This is one of the few towns in Kenya which are of 24/7 economy, others are Kisii and Nairobi. Groceries, butchery, Mpesa, restaurants and pubs are some of the best businesses to start in Mtwapa.