Venas News

Category: BUSINESS

  • Shylock business to boom in Kenya as government implements the law of interest rates

    Shylock business to boom in Kenya as government implements the law of interest rates

     

    Shylock business involves arrangement where an individual offers cheap loans to a borrower without security or collateral. As the government moves to implement the new interest rate law, Shylock business is expected to thrive.

    When President Kenyatta signed into law the interest rate bill, many Kenyans were happy, but their excitement will be short-lived as banks vowed to lock out small borrowers from accessing loans. The banks will implement this by coming up with new requirements, which small borrowers will not meet.

    If banks successfully lock out small borrowers, this population will turn to Shylock for unsecured loans. Shylock will in turn warmly receive them.

    The most interesting thing about Shylock is that some don’t even require security or referees. You simply agree on which date to start repaying the loan and the amount you will be repaying monthly.Again, you can renegotiate the terms if you are unable to repay the stated amount within the stipulated time. Banks will not allow that.

    It is expected that parliament will come with another law to regulate SACCOs and micro finance institutions.Again, customers who will not like the new terms will turn to Shylock.

    One advantage of Shylock business and loans is that interest is always lower than banks and SACCOS.And since every Kenyan needs good things, this is the most ideal place to seek a loan when you are desperate.

    As we approach a very tricky future, we are expecting more and more Shylock to start operating in Kenya to tap into the new crop of Kenyans who are hungry for soft loans.

  • Apartments for Rent in Nairobi, Prices per Estate- one bedroom

     

    If you are searching for houses in various apartments in Nairobi, then the following estates are ideal for you. We have listed approximate rent you will pay for a one bedroom apartment in various estates in Nairobi

    Estate Rental Price (Ksh)
    Pipeline 8,000-15,000
    Nyayo 12,000-18,000
    Tassia 8,500-14,000
    Embakasi 8,500-15,000
    Imara Daima 12,000-19,000
    Mathare North 6,500-12,000
    Nairobi West 18,000-30,000
    Langata 15,000-35,000
    Kibera 6,500-13,500
    Eastleigh 7,500-14,000
    Rongai 6,500-13,000
    Ngong 7,000-12,000
    Kilimani 25,000-45,000
    Hurlingham 25,000-60,000
    Githurai 9,000-13,500
    Kawangware 6,500-12,000
    Donholm 9,000-15,000
    Umoja 7,500-13,000
    Huruma 5,000-10,000
    Kasarani 11,000-18,000
    Kahawa Sukari 10,000-15,000
    Kahawa West 7,500-13,000
    Uthiru 8,000-13,000
    Otiende 12,000-17,000
    South C 18,000-35,000
    South B 17,000-35,000
    Dagoretti 10,000-18,000
    Satellite 10,000-18,000
    Dandora 6,000-12,000
    Fedha 12,000-21,000
    Hamza 12,000-17,000
    Highrise 9,000-15,000
    Jacaranda 12,000-18,000
    Kabete 13,000-25,000
    Kahawa Wendani 12,000-17,000
    Kangemi 8,000-13,000
    Utawala 7,000-12,000
    Komarock 7,500-14,000
    Karen 25,000-50,000
    Kileleshwa 25,000-60,000
    Kayole 6,000-12,000
    Kinoo 7,000-13,000
    Kiserian 5,000-11,000
    Mlolongo/Kitengela 6,000-15,000
    Lavington

     

    		 30,000-65,000

     

    Prices of most apartments in Nairobi for a one bedroom house range from Ksh 12,000-Ksh15,000.These are specifically for the lower middle class.The upper middle class usually pay Ksh 18,000-Ksh 35,000 while those in the upper class pay Ksh 35,000-Ksh 60,000.The rich,who stay in Runda,Muthaiga,Nyari,Kitisuru,kileleshwa and Lavington can afford Ksh 70,000-Ksh100,000 per month

  • Why it’s Useless to Own a personal car in Nairobi when your Salary is Less than Ksh 80,000:Minimum salary required to own personal car I Kenya

     

    Experts say it’s not wise to own a car in Nairobi when your salary is not more than Ksh 80,000.

    The experts add that for you to own a car, you must have at least Ksh 12,000 every month for fuel and maintenance, parking space and at least a specious house to live so that you can maintain your ego.

    Buying a car in Kenya elevates someone to a new level, where he changes friends, people he hangs out with, where he takes lunch and above all, what he carries in the pocket. All these come with a cost.

    Analysts say, for you to survive in this life you have to live in  very nice apartments, that cost not less than Ksh 15,000.If this apartment  must have a parking yard, then rent must be in the range of Ksh 15,000-Ksh21,000

    If your salary is Ksh 80,000,you will receive Ksh 62,000 in your bank account after taxation.Now,subtract Ksh 15,000 to rent,Ksh 7,000 to lunch,Ksh 12,000 to fuel,Ksh 5,000 to miscellaneous and Ksh 10,000 to shopping .You will realize that you’ll remain with less than Ksh 10,000 to save.

    Now tell me,if your salary is Ksh 80,000 and your are having a family to feed and school fees to pay,will you remain with anything to invest with?

    If you decide not to own a car,am sure you will save at least Ksh 25,000

  • Best Matatu Stages To Board Matatus To Various Towns in Kenya from Nairobi

     

    If you want to travel to Bungoma,Nakuru,Kisii,Mombasa,Kisumu,Machakos,Nyeri or any other town in Kenya,here are the best stages to board a matatu in Nairobi

    Town                                              Nairobi Stage
    Nakuru                                           Tea Room,Accra Road/Nyamakima
    Mombasa                                       Accra Road
    Kisii                                                Afya Centre/Machakos Country Bus/Railways
    Bungoma /Busia/Kakamega            Behind Afya Centre/Machakos Country Bus
    Nyeri/Kiambu                                  Latema Road/Accra Road
    Embu                                                Tea Room
    Kisumu                                             Railways
    Loitoktok/Kajiado                            OTC Nairobi
    Thika                                                 Ronald Ngala
    Eldoret /Kericho/Narok/Bomet        Behind Afya Centre/Raiways/Machakos Country Bus/Tea Room

    There are several other stages where you can board the matatus,but we have listed the most prominent ones. Machakos Country Bus stage is the most common and the cheapest. It accommodates travelers to all towns in Kenya but security is not guaranteed there.

    For those travelling to Kisii,Afya Centre is the most ideal for you.Alternatively,you can board the Guardian or Easy Coach at Railways station.

    From Nairobi to Nakuru,the best and most convenient stage is the Tea Room stage,where several shuttles are located. You can also board a matatu at Nyamakima where Mololine is located.

  • Best Estates To Live in Nairobi if You Are Earning Less than Ksh 50,000

    Best Estates To Live in Nairobi if You Are Earning Less than Ksh 50,000

     

    If you are earning Ksh 20,000,Ksh30,000,Ksh 40,000,Ksh 50,000,Ksh60,000,Ksh70,000 or Ksh 80,000,you are required to live in an apartment if at all you want to save some money for investment, experts say.

    It’s said that if your salary is less than Ksh150, 000, there is no way you can live in a Ksh50,000 house and manage to save more than Ksh 50,000.Experts argue that if you don’t have extra source of income and you are earning Ksh 80,000,the maximum rent you can pay per month is Ksh 15,000.Those paying Ksh 15,000 should not be having a family, that way they can save at least Ksh 30,000 per month.

    Below is the amount of money you are required to pay for rent if you are earning the following salaries:

    Salary (SH) Rent (SH)
    100,000 12,000-18,000
    90,000 11,500-17,000
    80,000 10,000-15,000
    70,000 10,000-14,000
    60,000 9,000-12,500
    50,000 7,500-11,500
    40,000 6,000-9,000
    30,000 5,500-8,500
    20,000 3,500-6,500
    15,000 2,000-4,000
    10,000 1,000-2,000

     

    If you know you are paying more than what we have stated below, please adjust your budget downwards, unless you have extra source of income.

    The most ideal estates for these salaries include Embakasi,Rongai,Githurai,Komarock,Kawangware,Roysambu,Kasarani,Ruiru,Langata,Kayole,Tassia,Nyayo,Donholm,Umoja,Buruburu,Utawala,Huruma,Imara Daima and Kahawa West

  • Sony Digital LED Flat Screen TV is The Best TV in Kenya

    Sony Digital LED Flat Screen TV is The Best TV in Kenya

     

    Is Sony LED flat screen TV the best in Kenya?

    It is estimated that more than 50 % of Kenyans, especially those living in Nairobi would want to buy Sony Digital flat screen. There are several reasons why the brand is so appealing to Kenyans of all classes.

    Sony digital flat screen is so far the best TV to own in Kenya, and the reason why it’s a darling o many is due to clarity and quality of the pictures.

    The fact that the TVs are slightly more expensive than several other brands does not deter customers from buying them. In fact, most Kenyans prefer quality to prices, at least in the modern Kenya. In Nairobi, for instance, most people walk into electronics shop and straight to Sony TVs or if they miss the brand, you’ll see them examining Samsung TVs.

    I have tried to figure out, apart from the quality of pictures, what else motivates these customers! The answer I got is that no customer has ever owned the TV for less than 3 years, implying that they are of the highest quality. Once you have the TV, you won’t hear of small technical issues, the company ensures it doesn’t compromise on quality.

    Another advantage of owning a Digital Sony TV is that the company always issues a warrant of at least 1 year. If a warrant is not issues, be sure that TV might not be genuine-but I doubt whether Sony has many counterfeit TVs

    Finally,the best places to buy Sony TVs is from Sony shops,Nakumatt shop,Jumia,Kilimall and Luthuli Avenue. The cheapest places include Kilimall, Jumia and Luthuli Avenue

  • Business you can do from home in Kenya: You Don’t Need an Office

     

    Do you know you can do business from your house, without necessarily having an office?Well,there are over 10 types of businesses you can do from home in Kenya and make good returns .The most encouraging thing is that the capital required to start the business is affordable to every Kenyan.

    Below is a list of businesses you can do from home in Kenya

    Hair Braiding

    Hair braiding requires almost zero capital as long as you have the skills. The beauty of this business is that you can start from your home if you have no capital of having a special room for the business.

    Your hands will do everything as you make money.

    Blogging

    Most bloggers, almost all of them work from home; surprisingly, some earn even Ksh 1 million in a month.

    The hardest part is to create relevant content and to know how to earn.

    Web design

    If you are a web designer, you don’t need an office to operate your business. You simply require a Facebook page, Twitter account and perhaps a WhatsApp account. You will use these social media handles to reach out to clients.

    Cake business

    I know several people who don’t have a specific room where to operate their business from, but they comfortably bake cakes at home and deliver to clients on request. Others bake at home and sell on the road side.

    Cleaning services

    If you are tired of working for someone, you can start cleaning Services Company and operate from home without pressure. This business is booming in Nairobi especially eastlands.

    What you need here are 2-3 people to do the services. Your work is to move from house to house to look for clients.

    Cleaning Services involve cleaning carpets, sofa sets, houses, clothes and vehicles

    Day care

    Do you know you can have a day care in your room?

    What you need is a specious 2 bedroom house, where you will use one rooms to care for your neighbor’s children during the day. You will do this business in the meantime as you save to get a separate room.

    Conducting tuition classes

    You are a university graduate and perhaps wondering why the government is not creating jobs. You can start tuition classes at your home and make money.

    Laundry and ironing of clothes

    Do you know you can conduct laundry and ironing business in your house? Many Kenyans have done this and succeeded.

    Poultry farming

    Poultry farming doesn’t require you to move from your home, unless you are searching for customers.

    If you rear more than 300 chickens, you’ll be guaranteed of profits.

    Online shop

    Online shop that sells electronics, mobile phones, clothes and shoes can be run from home. What you need is a platform to advertise the business, and then deliver on order to clients.

     

  • Best Business to Do in Machakos Town

     

     

    Machakos is one of the fastest growing town, thanks to devolution. In future, it will become the economic hub of eastern and Nairobi regions. Before everything sky rocket, it’s wise to start business in the town, and based on the feasibility studies at the town, here are the best businesses to conduct in Machakos.

    Selling water

    Machakos is known for having limited supply of water. If you have Ksh 2.5 million, you can buy land where you dig boreholes to harvest water. Then sell to locals.

    Alternatively, you can start supplying clean water with trucks. This business requires a single truck and Ksh 150,000

     

    Constructing guest houses

    This is a noble idea for anyone with a vision.

    So many visitors troop to Machakos each day, making the demand of guest houses to go high.

    Guest house business will do extremely well at the town.

    Hardware

    Since the town is still developing, we found out that construction materials are on demand. A hardware shop is ideal business in Machakos.

    Bodaboda spare parts business

    This is another good business you can set up in Machakos town and realize huge returns. You only need Ksh400,000-Ksh700,000 to set up motorcycle spare parts business.

    Fast Food Restaurant

    Fast food restaurant is not only among the best businesses in Machakos, but also very profitable.

    Just set aside Ksh 250,000-Ksh400,000 for the business, and you will smile all the way to the bank.

    Grocery

    A grocery is where you can sell vegetables and fruits sourced from Kajiado, Nairobi, Kiambu or Kisii.

    There is a deficit of such shops in Machakos, making it easy to thrive if you set it up as soon as today.

    There are also many other businesses you can set up at the town but competition will be stiff.

     

  • Best Routes To Do Matatu Business in Nairobi to Get High Profits

     

    Nairobi has over 40 matatu routes, and each route has varying amount of profit. Before you decide to put your matatu in a particular route, you should first analyze the route to determine the amount of profit and the risks your vehicle will encounter.

    Most matatus in Nairobi were acquired through loans-maybe yours too-and due to that fact, the owners are always on a mission to recover their monies within the shortest time possible.

    Due to wear and tear, a 24 seater matatu should return the money used to acquire it within one and half years and a Nissan matatu should return the capital within one year. But to a achieve this, you must put your matatu in the most profitable route.

    Following reviews from matatu owners, the following are the best routes to put your matatu in Nairobi.

    Rongai-Nairobi-Kiserian

    This is the most profitable route in Nairobi.In this route,no matatu makes less than Ksh 15,000 per day unless it’s not in good condition.

    If you pass through the route, you’ll notice that there are so many matatus on the route,but despite that there are always customers on the move.

    The population in Rongai is big and most of them work in town.

    One peculiar habit in this route is that passengers are always willing to pay any amount as long as the matatu is new, which makes the business sweet.

    Embakasi-Nairobi route

    Over 100,000 people live in Embakasi and surrounding estates. If you happen to have a walk at Embakasi in the evening and morning hours, you may think people are migrating-so many people on the road.

    This population sometimes overwhelms the number of matatus on the route.

    The fare from Embakasi to town during peak hours is Ksh 60-Ksh 80 while during off peak hours its Ksh 30-Ksh50

    Here if you have a 24 seater matatu,you will recover your capital within one and half years.

    Nairobi-Donholm

    Though there is Ummoiner which is dominating, making profits here is guaranteed.

    Just like Embakasi route,Donholm and Umoja have young and aggressive population which is always on the move.If you have your matatu on this route,you will smile all the way to the bank.

    Nairobi-Buruburu

    Buruburu has a slightly less population compared to Embakasi,Rongai and Donholm but the route is considered one of the best when it comes to matatu profits.

    Nairobi-Kahawa Sukari

    The best thing you can do here is to avoid the Nairobi-Githurai route and instead choose Nairobi-Kahawa Sukari because of Kenyatta University students.

    Even if your destination is not githurai,you will always pick passengers on the road.

    Nairobi-Kawangware

    Kawangware is one of the estates with the highest number of people in Nairobi. The route is also good for matatu business especially if you don’t have a very new matatu.

     

  • List of online shops in Kenya where you can buy cheap and genuine smartphones and laptops

     

    Nowadays you don’t have to travel all the way to a shop to buy a smartphone or laptop, the product is delivered to your doorstep, thanks to online shops. In Kenya, you can buy a genuine phone or any electronic product through an online shop, which requires just a single click.

    Based on the feedback obtained from customers, these are online shops where you can buy genuine products.

    Jumia Kenya

    Since its inception in 2013, Jumia has grown to become the best online shop in Kenya. At Jumia, you will be assured of buying the most genuine smartphones, shoes, clothes and any electronic you wish to own.

    What is exciting about this company is that they deliver the product to your office or where you live, and payment is done on delivery.

    Another encouraging thing is that the prices at Jumia are always lower than what other online shops sell. Our calculations show that if a phone is priced at Ksh 17,000 at Nakumatt, you can get the same at Ksh 14,500 at Jumia.

    Kilimall

    Kilimall came after Jumia but it’s catching up well. If Jumia customers are unable to get what they want at Jumia, they turn to Kilimall for the same.

    Electronics and phones at Kilimall are not only genuine but also of high quality.

    Kaymu

    Kaymu is another highly rated online shop, thanks to the quality of products the store sell.

    The company is among the big three (Kaymu, Jumia and Kilimall) and has established it’s self as a genuine distributor and seller of electronics and clothes.

    Safaricom

    Safaricom has started its online store, which sell everything and anything. You can order a laptop, a smartphone or any other electronics and have it at your house.

    Though prices at Safaricom are a bit high, the products are very genuine.

  • Why Cereals and Vegetable business is the best Venture in Nairobi when you have low Capital

     

    When you have low capital, it’s always hard to determine what kind of business to start in Nairobi. But after observing consumer trends in the city, I can attest that cereal & vegetable business is the best venture to set up, and here is the reason.

    The first and most important thing to consider before arriving at the decision to open any kind of business is how the market will respond to your new venture. Looking at Nairobi, there is a huge population which rely on serials and vegetables for survival. A good number, which is estimated to be 30 %, have strict instructions from the doctor to consider vegetables as alternative to meat. Knowing very well that profits from vegetable and cereal business exceed the buying price, this is the kind of business that is ideal for anyone intending to make a living.

    When it comes to capital required to start the business, we decided to ask more than 20 traders how much it took them to start. From the calculations, the average capital required to start cereal business in Nairobi is Ksh 50,000-Ksh 150,000.This money is inclusive of rental and transportation expenses.

    It is always advisable to sell cereals alongside vegetables so as to give customers a complete package.

    Where to source cereals and vegetables

    Fresh and reliable vegetables are sourced from Kisii. Cereals can be sourced from Kisii, Central Kenya and Rift Valley. You can also source the cereals from Muthurwa or Gikomba market before you make enquiries on where the traders obtain their cereals from.

    Best location to conduct the business within Nairobi

    The best location for cereals business include Embakasi, Githurai, Kahawa West, Kawangware, South Nairobi West, Kibera, Langata ,Kayole and its environs,and Rongai.

    These are areas where majority of the people rely on unga from posho mill as well as vegetables.

    Profits

    Here is where the beauty of the business lie. The average profit made in this business depends on the capital injected on the business as well as location. If you set the business in densely populated areas like Embakasi, you will make at least Ksh 2,500 per day.

    The business can generate as high as Ksh 10,000 per day if you have both cereals, vegetables and fruits.

    Now,instead of wasting time working for somebody while earning Ksh 20,000 per day,you can venture into this business and make a difference.

     

     

  • Best Investments and business to do in Kenya to make highest profits

    Best Investments and business to do in Kenya to make highest profits

     

    Sometimes when you have money at your disposal, it becomes very difficult to make any tangible investment. It is always advisable to seek advice on the best investment you can make to get the best returns.

    We have more than 100 investment options, but only less than 10 are viable. So, if you are perhaps wondering “which investment has the best return?” ,here is the answer.

    Investing in real estate

    If indeed you want to become the Kirubi of tomorrow, put your money in land and housing. In Kenya, land is the only real asset whose value appreciates each minute.

    It doesn’t matter how much you have as long as the idea is there. In fact, I have seen entrepreneurs starting buying and selling of land with Ksh 100,000, and eventually they become millionaires. Here is what you do

    Areas like Maasai land, Bomet and environs as well as Ukambani and North Eastern are not competitive. You can buy a 50 by 50 plot at Ksh 20,000 and sell it at Ksh 100,000 three months later. Use the same money to buy other plots-and the cycle continues.

    Invest in Money Market Fund

    I know this is new to most of you. Money Market Fund is what every billionaire invests in.The best thing about this investment option is that you can save as little as Ksh1,000 and any amount you wish.Interestingly,you will earn interest on daily basis.

    To make you more excited, the investment has zero risks and higher returns than fixed deposit plan.

    In Kenya, Money Market Fund is offered by almost all insurance companies but the best ones are CIC, Old Mutual, Britam and Amana Capital

    What makes billionaires like Uhuru Kenyatta stick to this kind of investment is that even if the worst happens, you won’t lose your principal amount. The interest too can go as high as 22 % of your savings.

    Developing Rental property

    Rental property especially in Nairobi will return capital injected in constructing the apartments in less than 5 years. The rest of the years you will be making profits.

    If your property is approved by the National Construction Authority and is built with best materials, you will earn profits for at least 50 years.

    Importing used cars

    Though this business has many players, becoming one of them will not harm you.

    The business can be hard to start especially if you don’t have enough clients and connections but when you start getting referrals, you won’t believe profits you’d be making.

    Bonds

    Bonds have fixed interests, but they are considered better than shares because you won’t lose your principal amount.

    If you are risk averse, this is one investment you should consider taking.

     Agriculture

    If you are jobless and willing to bounce back, agriculture is the best investment for you.

    As long as you know what the market wants, you can’t go wrong with farming.

    At the moment, Kenyans eat chicken in plenty, indigenous vegetables, bananas, onions, carrots, watermelon as well as tomatoes. If you plant any of the listed crops, chances are than your life will never be the same again.

    Forex Trading

    This is almost the same as Money Market Fund but it’s mostly traded online.

    For those people who have time to do something online, this is where you can make money.

    What you need is at least Ksh50, 000 to open the account and start trading in money.

    I can assure you there are people driving sleek cars in Kenya after striking it rich in this investment.

    Selling clean water

    Water is life and it’s a rare commodity in our towns. If there is business that is profitable like no other, then selling of clean water in towns is one.

    I cannot tell you more, simply think of starting one and experience the sweetness of such business.

    Selling construction materials

    Since construction is ongoing everywhere, you have to think in this line. You can either have a hardware or start selling timber, sand or building blocks.

  • Fastest growing towns in Kenya

     

    When it comes to development, there are towns that lag behind while others grow exponentially. The new counties have created need for housing, good roads, efficient transport system and land for development, prompting some towns to grow faster than others.As a result, we compile a list of fastest growing towns in Kenya

    Nairobi

    Nairobi is the capital city of Kenya and one of the fastest growing cities in the world. Over the last 2 decades, there has been influx of population to the city, leading to lack of enough houses to accommodate humanity. As a result, real estate companies emerged.

    Today, the city is growing in length and width. To confirm that, visit places like

    Mombasa Road, Upper Hill, Westlands and Ngong Road, you will see construction everywhere.

    At the moment, a common man cannot afford land in Nairobi. In fact, a 50 by 50 piece of land is approximately Ksh 1.5 million in areas neigbouring Nairobi.

    To make it more interesting, the city is about to welcome the tallest building in Africa (The Haas Towers), which will have 66 floors. The building is under construction.

    Mombasa

    Mombasa is the second largest towns in Kenya. The growth of the city is slightly lower than Nairobi but way above several towns in Kenya.

    Since it’s a tourist attraction centre, the need for accommodation and recreation facilities has attracted real property investment as well as growth of hotel industry.

    Machakos

    Machakos will be another city in the near future. Over the past few years, the small town has welcomed thousands of investors, who have changed the image of the town. Today, there are new houses coming up, some for residential while others for commercial.

    One acre piece of land in Machakos used to cost Ksh 300,000  five years ago but today you will buy the same at Ksh 3 million-Ksh 5 million.

    There is also an influx of home owners and tenants to the town.

    Kajiado

    I remember 10 years ago when kitengela was the place where everybody wanted to buy land. All of a sudden, land got exhausted and the town started expanding. As of today, Isinya is taken, Mulolongo is taken, Kitengela is taken. Now people are rushing to as far as loitoktok to buy land.

    Kisii

    Kisii is one of the best towns to do business in Kenya. The town is peaceful and has active and aggressive population. It is one of few towns which are busy 25/7.Due to this fact, it has attracted thousands of entrepreneurs, schools, night clubs and colleges.

    Land used to be available in Kisii some time back but today it’s too expensive for a common man.That aside, the town is growing extremely fast.

    Nakuru

    If there is a town that every Kenyan should strive to own something, then Nakuru is the one. Land is still cheap in the town and life is so good for people who live there. But the rate at which land is being sold send some warning to ignorant investors.

    Thika

    Thika is near Nairobi City. It is the town with the most industries and several schools and colleges.

    Thika is one of the fastest growing towns in Kenya. In fact, it’s growing faster than Kisumu.

    Eldoret

    Due to the growing number of millionaires in Eldoret and rift Valley at large, the town is growing faster than anticipated.

    There is construction everywhere and people are relocating once again to the town.

    One motivating factor is cheap land, which you can get with as little as Ksh200, 000.

    Kiambu

    Kiambu is a town of billionaires and a city within a city. If there is a town where every Kikuyu wants to live then Kiambu is the one.

    Nowadays you cannot differentiate between Kiambu and Nairobi.

  • Why You should Live in Ruai if you are working in Nairobi along Mombasa Road or CBD.See Rental Prices

    Why You should Live in Ruai if you are working in Nairobi along Mombasa Road or CBD.See Rental Prices

     

     

    Ruai is one of the fastest developing estates in Nairobi with modern houses and less congestion. If there is an area with modern and affordable apartments, then Ruai is one.

    In this area,a single room is Ksh 2,500-Ksh4,500 while a bedsitter is Ksh3,500-Ksh7,000,and a one bedroom house is Ksh 6,500-Ksh10,000.

    A very spacious two bedroom house costs Ksh9, 000-Ksh16, 000, which is Ksh 7,000-Ksh 15,000 less than what you will pay in estates like Langata, South B,Kasarani and Nyayo.

    If you are working along Mombasa Road, Ruiru, Nairobi CBD or the surrounding areas, Ruai can be the best place to live.

    Let me tell you the best thing about living in the outskirts of the city. When living and working in Nairobi, your health should be paramount, and to be guaranteed a perfect health, you need a less polluted environment with few human beings.Ruai has fresh air, it’s less congested, there is enough space for your kids to play and schools are relatively cheap.

    And if you are wondering about transport cost, from Ruai to Nairobi CBD will cost you Ksh 80-Ksh100 which is Ksh20 more than what you can pay if you live in areas like Githurai.But the cost of living is favourable to struggling Nairobians.

  • Sugarcane business in Nairobi and Why it’s Booming. See The Profits they make

     

    Sugarcane business is one of the most profitable businesses in Nairobi. The business is booming-no doubt-but many Kenyans always despise those engaging in this business.

    After watching them sell on the streets day in day out, we decided to ask them how much they make. Here is the answer.

    Most of those who sell sugarcane on the streets of Nairobi are Kisiis,but there is a significant number of Kikuyu, who have realized that the business is profitable.

    These entrepreneurs source their sugarcane from Kisii, a place called Keumbu.They either collectively hire a vehicle to transport the sugarcane or go for them individually.

    What we heard from them is that a single sugarcane tree costs Ksh 30-Ksh40 in Kisii but when it arrives in Nairobi it costs Ksh80-Ksh100.

    If you make your calculations, you will notice that a single tree earns the businessman at least Ksh 30.

    More than 80 % of them said they sell 30-50 trees of sugarcane per day. If a single sugarcane can make one Ksh 30 then 50 of them will bring Ksh 1,500.

    Now, in a month, the entrepreneur will make Ksh45, 000 while a bank teller will make Ksh45, 000 which is subjected to taxation.

    Apart from those who sell raw sugarcane, there are others who sell sugarcane juice.For your information, sugarcane juice can heal more than 5 diseases.

    What is exciting about the sugarcane business is that there are no extra costs apart from buying a wheelbarrow and transportation.

     

  • How To start a Sports Betting Company like Sportpesa in Kenya

     

    Betting companies in Kenya are making crazy money, and every Kenyan is wondering which procedure to follow in order to register and operate a betting company. Well, there are less than 6 steps to follow before being allowed to operate such a lucrative venture.

    Before you start, it’s important to note that owning such a company requires strict measures where customers are highly protected. Any mistake a company commits that impacts negatively on a customer, the company will either be heavily fined or a license be withdrawn.

    Here is the procedure of registering such a company

    In order to start an online gaming business, you will need the following:

    Register your company with the registrar of companies

    The first step is to choose a name, do a name search and reserve it at the office of registrar of companies. The best company to register in this case is either partnership or limited.

        A professional iGaming software

    Obtain a professional gambling software from credible companies.

    This is a software that will automatically update on live games, completed games, and games to be played. It is also responsible for fixing odds for the games based on performance history.

    The software is highly complex, which is at the same time very expensive to acquire.

        A gambling license

    A gambling license is required. This license is obtained from the Betting Control and Licensing Board – Kenya, which is responsible for regulating the operations of betting companies in Kenya.

    A merchant account

    A merchant account is the most important aspect of starting a betting company. This is the account where you deposit huge sums of money to award winners. In Kenya, you need to have at least Ksh20 million in this account.

    A dedicated server

    A dedicated server is a must because there is a lot of activities that will happen on your site.

    Your website can be hosted by Bluehost, Namecheap of Godaddy, which are credible web hosting companies.

    A dedicated server is one that you don’t share with anybody.

    After fulfilling the requirements, you can start and run your company comfortably.

    Finally, a company like Sportpesa makes at least Ksh 400 million a day. This is where you should be in terms of profitability.

     

     

     

  • Best and profitable business for women in Kenya

     

    Kenyan women are the most enterprising in East Africa. Even so, there are businesses classified as best for women especially those intending to make good profits.

    Latest survey shows that this is the most ideal business for women.

    Boutique

    It is by nature that women will always convince men into buying products. Boutique business is one business that best fits women.

    This business involves a lot of talking and bargaining, which is what women prefer.

    Fast food restaurant

    Men can do the business but they can’t be as successful as that run by a woman. Fast food restaurant is very profitable in towns like Nairobi and Mombasa, and it’s most ideal for women entrepreneurs.

    Grocery

    Grocery is not only a booming business in Nairobi, but also very ideal for women especially of ages 30-50

    The demand for fresh vegetables in Nairobi is crazy and the supply is low. If you start a grocery business in Nairobi, there is 100 % guarantee of making profits.

    Salon

    Women don’t have competitors when it comes to salon business. It is a nice thing considering the fact that the business is good in every town in Kenya.

    The only problem with this business is that competition is very haigh, but if you are good in it, customers will flock your business

    Cake making business

    For your information, if there is business that can make you instant millionaire in Nairobi, then cake making is one. The business has been found to be ideal for women especially who have undergone training in hotel management.

    Selling cosmetics

    There is nobody who understands women like fellow woman. Kenyan women use cosmetics in masses, and they have to source it from cosmetics shop. If you have one, then chances of making it in life are high.

    For heaven’s sake, the business is not ideal for men-they know nothing about cosmetics.

    Juice blending business

    We are simply listing profitable businesses here, and juice blending is one. The business is suitable for women because they are patient.

    Selling second hand clothes/mitumba

    Women can convince you to buy anything, and mitumba business is one that is ideal for them.To start the business requires at least Ksh3, 000, which is affordable.

  • Kenyans who Wear most Expensive Watches,Uhuru among them. See The Cost

     

    President Uhuru Kenyatta is listed among individuals who wear the most expensive watches in Kenya. The most expensive watch in Kenya costs Ksh 600,000.

    Here is a list of people who wear the most expensive watches in Kenya

    Uhuru Kenyatta

    Apparently, Kenya’s fourth President, Uhuru Kenyatta, wears a Classic Rolex watch, which costs Ksh 600,000.The watch is gold coated and has superior features compared to other ordinary watches. He has four of such watches.

    Uhuru is among the top 5 wealthiest individuals in Kenya, with an estimated net worth Ksh 50 billion.

    Sanjiv Shah

    Sanjiv Shah is the Chief Executive Officer of RMA Motors (Kenya) .He wears a Rado Florence watch which costs Ksh 600,000.

    Rado Florence is a men’s   Watch which is Stainless Steel and has a Yellow Gold PVD Coated Case. The watch is water proof and can last for at least 10 years.

    Joshua Oigara

    Kenya Commercial Bank CEO, Joshua Oigara wears a Montblanc watch, which goes for Ksh 500,000.

    Oigara is listed among the highest paid CEOs in East Africa with a monthly salary of Ksh 3.5 million and annual bonus of over Ksh 20 million.

    Jeff Koinange

    Jeff Koinange, former CNN employee and current JKL show host wears a Breitling for Bentley watch whose price tag is Ksh 400,000

    Mr Koinange earns Ksh 500,000 from KTN alone. The eloquent English speaker has several other businesses.

    Ken Oyola

    Ken Oyola, who is the Microsoft’s Global Head of Marketing Activation, wears a KSh. 380,000 Tag Heuer

    Gor Semelang’o

    Gro Semelango, former youth enterprise boss wears a watch whose price tag is Ksh 300,000.

  • Most Expensive towns to live in Kenya

     

    Cheap is expensive, and in most times expensive is expensive. You won’t believe that Ksh 10,000 is not enough for any individual to survive in Nairobi, that’s why we’d like to discuss the most expensive towns to live in Kenya.

    Due to employment dynamics in the country, coupled with harsh economic times, you may find yourself in any town, not by choice but due to demands of life. As you prepare to move please consider to learn that the following are the most expensive towns in Kenya.

    Nairobi

    Nairobi tops the list of the most expensive towns in Kenya. Being the capital city of Kenya, everybody wants a piece of resources being shared at the city.As a result, Nairobi is now overpopulated, rent has sky rocketed as drainage system worsens.

    If you are living in Nairobi, earning less than Ksh 20, 000, then you will be traced to Kayole, korogocho, Mukuru, Mathare, Kariobangi or Kibera, which are slums.In these slums, the average price of a single room is Ksh2,000-Ksh 4,000 while a bedsitter costs Ksh 4,000-Ksh7,000.

    The average person in Nairobi lives in an apartment, which charges at least Ksh13K per month-this is a one bedroom house.

    In order to pay Ksh13, 000, you must be earning at least Ksh50, 000.

    Now tell me, how many people in Nairobi earn over Ksh50, 000? You can see we are living a desperate life while pretending to be rich.

    The rich in Nairobi don’t pay rent, they live in their homes at posh estates like Karen, Runda, Muthaiga and Kileleshwa, but there is a group who pay up to Ksh 600,000 monthly rent.

    Apart from rent, transport and food are also very expensive. I think you know- if you ever use public transport- how matatu conductors hike prices during rainy season.

    Kisumu

    Kisumu is another town where housing and food are expensive.

    The town is simply expensive because people don’t produce, they consume. Rental houses are few because people are not in a hurry to invest in a town where election can lead to something else.

    Thika

    Thika used to be extremely cheap when the Thika Super Highway was not existing, but after the construction of the road, prices of apartments rose significantly. Today the town is ranked among the most

    Kericho

    Food in Kericho is cheap, surprisingly rent is not low as you think. Even a big town like Nakuru is much cheaper than Kericho

    Naivasha

    Naivasha is not a big town but when it comes to cost of living, it’s indeed big. Even employers know that the town is expensive. They, therefore, pay higher per Diem than other towns.

  • How to Start Milk Business in Kenya

     

    Milk business is one of the most profitable ventures in Kenya. The process of starting this business involves a few steps and small capital, unless you intend to start an industry.

    The first and most important thing to note is that you should start the business in areas where there is huge deficit of the product. Research shows that the business is most profitable in Nairobi, Kisumu, North Eastern, all parts of Mombasa, Nakuru and all parts of Ukambani.

    The business is least profitable in Kisii, Bomet, Kericho, Eldoret, Kajiado and Kiambu.

    Capital

    You are required to have Ksh 150,000-Ksh 250,000 to launch the business. Most of this money goes to rent, license and a refrigerator.

    You can obtain capital from your savings, a loan from a SACCO, Chama or from a friend. But the best place to get capital is either SACCO loan or savings.

    Most SACCOS will give you a loan of up to 4 times your savings. Assuming that you save Ksh 5,000 in a SACCO every month, you will have Ksh 50,000 in 10 months. This money will earn you a loan of Ksh 200, 000, which is enough to start milk business.

    Licenses

    This business, unlike operating a normal shop, require at least three licences.The first license is obtained from the county offices. In Nairobi, you can get it from City Hall and it costs Ksh 7,000-Ksh15, 000 depending on the size of your business.

    The second license is obtained from the Dairy Board of Kenya. This license is very important, without it, law will catch up with you.

    The cost of a license from the Dairy Board of Kenya is Ksh 5, 600, but the price might be reviewed either upwards or downwards from time to time.

    If you want to check the price, here is their website: click here

    The third and most important is a public health certificate from the county government. This license is an assurance that you will maintain high standards of hygiene as you operate the business.

    Lastly, you need to set up the business. I would recommend to open the business in Nairobi, Kisumu or Mombasa, because of the high demand of milk in those areas.

    Once you have set up the business, the headache is to find the source. If you are living in Nairobi, the best place to source for milk is kiambu.If you are in Kisumu, source from Kisii or Kakamega and if you are in Mombasa, you can have your milk from Nairobi or Taita.

    Profits

    Our survey shows that the average profit from milk each day is Ksh 3,000-Ksh 10,000.