Category: BUSINESS

 

Car spare parts business is one of the most profitable business in Kenya. The business is booming as we speak even after several entrepreneurs pursue the venture.

To start the business, you should have one thing in mind; that there is competition, very stiff, but if you do what we mention below then it will be a smooth sail for you.

First you should understand that most Kenyans import cheap cars from Japan, either by SBT or purchase locally from Car Bazaar. Having this in mind, the spare parts to source include Toyota car spare parts, Mazda spare parts, Isuzu spare parts and Nissan spare parts. These are the vehicles that dominate the Kenyan roads.

From our research, you need at least Ksh 2 million to start the business. I guess it’s quite some amount but you can manage.

Data we have here shows that over 80 % of Spare parts businesses in Kenya post profits of over Sh 100,000 per month. But there are selected few that make up to Ksh 3 million per month.

The best places to start the business include Nairobi, Kisumu, Busia, Mombasa and Nakuru.

Where to source spare parts

The best and cheapest way to obtain spare is by importing direct from the source through credible online spare parts companies.

 

How To Become a Millionaire in Kenya-Genuinely

Kenya has over 20,000 millionaires, many of them living in urban areas. To become a millionaire in Kenya is not an easy task. An individual has to go through a lot of obstacles in order to make the first million.

Many millionaire in Kenya acquired their wealth through inheritance, others through corruption, luck, others through stealing while the rest acquired through business. As a Kenyan who doesn’t want to rub shoulders with the government, acquiring wealth genuinely is the surest way to become a millionaire-nobody will come for you.

Below are various ways to become a millionaire in Kenya:

Business

If you have capital, even if it’s Sh 1000 you can develop an idea that can make you a millionaire. The following are small businesses that have made people millionaires in Kenya:

1. Car Wash Business
2. Agrovet
3. Fast Food Restaurant
4. Hardware
5. Real Estate firm
6. Trading in Shares
7. Online marketing
8. Blogging
9. Online Forex Trading
10. Garage
11. Tent making

Farming

This one is not debatable. We have thousands of success stories where farmers make a million in less than 3 months by planting cash/food crops whose profits are extra ordinary.

Farming is one of the surest ways of making a kill in Kenya. If you want to be rich, plant the following crops.

1. Cabbages
2. Tomatoes
3. Water melon
4. Mangoes
5. Bananas
6. Carrots
7. Spinach
8. Sweet Potatoes

You can also do fish farming in Kenya.

Another way-but risky-of getting rich is by participating in games like Sportpesa,Betin,Betway and BetYetu.You might one time win a jackpot and become an instant millionaire. But this game is highly addictive, if you aren’t lucky, you can end up spending a fortune.

 Poultry farming

Rearing chicken is a very good venture in Kenya. Even if you start small, you will at last become a millionaire. What you should pray for is your chicken not to be affected by diseases.

Employment

This one I can’t promise you but I can only give you hope that after years of struggle, you will make it.Education in Kenya is not as rewarding as business but there are individuals who have become millionaires.

If you get a nice job in areas like NGO, UN, Central Bank, and other institutions that can pay you over Sh 200,000 per month becoming a millionaire can be a reality.

Join Politics

Politics is the only profession that pays more than one bargains for. If you are lucky as a politician I swear you will be listed by Forbes as one of the richest persons in Kenya.

 

 

 

You have a noble idea, of turning your dreams into reality. Farming is one of those ventures you could pursue and become a millionaire in Kenya. But identifying the best area to launch your dream is the most important aspect of farming.

Thank God more than half of Kenyan land is fertile. This is one thing Kenyans should brag about. We are truly blessed but sometimes we ignore what we have and venture into crowded fields, ending up losing to able entrepreneurs.

If you want to practice farming in Kenya, the following are towns you can get high yields.

Kitale

Kitale is known to have very huge tracts of land. Though we have hundreds of farmers in the area, there is still enough idle land to practice farming.

The best crops to plant in Kitale include maize, beans, Avocado, sugarcane, tomatoes, sweet potatoes, cabbages and carrots.

Kisii

Kisii is the most fertile area in the entire republic of Kenya.Though lack of land is a hindrance to many able farmers, a lot of crops are produced in the area.

Shocking information we have indicates that all the sugarcane,managu,bananas and other local vegetables you see in Nairobi come from Kisii.

The best crops to plant in Kisii include Tea, bananas, sugarcane, cabbages, carrots, maize,sweet potatoes,English potatoes, soya beans, cassava etc.

Kajiado

Kajiado is also very fertile, and anyone wishing to plant tomatoes, cabbages,carrots,watermelon and sweet potatoes should rush there.

Kericho

Kericho is called “green city” because it rains there almost daily. The presence of rains makes it favorable for several crops being planted in the area.

There are several multinationals practicing farming in Kericho.They include: Williamson Tea, Unilever and many other firms.

Eastern Kenya.

There used to be prolonged dry spell in Makueni, Kitui, Machakos and many parts of Eastern Kenya but that is now history. Today many residents of the area practice farming, and the best crops planted there include mangoes and Avocado

Kiambu

Kiambu is another fertile location where farming is practiced, both in large scale and small scale.

Almost all crops are planted in Kiambu but the most famous include tomatoes, arrow roots,tea,bananas and maize.

Othe areas to practice farming include Transmara, Bungoma, Imenti, Nandi,Bomet and Eldoret.

 

 

It is estimated that over 100,000 people live in Pipeline Nairobi. This is because prices of houses (Bedsitter, Single room, one bedroom) are cheaper compared to other areas within the city.

Two years ago, a bedsitter used to go for Sh 4,500 but due to increase in demand of the houses at the area, the rent has shot up. Today a bedsitter goes for Sh 7,000-Ah 9,000.

The cheapest single room in any apartment in Pipeline is Sh 3,000.You will find that these houses have a toilet which more than 20 people share. The average price of a single room in Pipeline area is Sh 4,500.

One bedroom house, which is suitable for a small family, goes for Sh 8,000-Sh 15,000.The houses that cost much are those located near Mombasa road. It is hard to find a one bed room costing less than Ksh 13,500.

One thing we should give credit to landlords in the areas is the finishing they give to their houses. Most houses have excellent finishing with modern tiles, but the roads connecting the estates and the main road are very poor.

 

 

A gross salary of Ksh 30,000 in Kenya attracts a PAYE tax of Sh 3,126.60.The net pay after tax ,NHIF and NSSF is Ksh 24,893.40.This is the amount you take home-Interesting!

Gross Pay                                  KSh 30,000.00

NSSF Pension Contribution          KSh 1,080.00

Taxable Pay                                KSh 28,920.00

PAYE Before Relief                       KSh 4,288.60

Personal Relief                             KSh 1,162.00

Insurance Relief                           KSh 0.00

PAYE                                            KSh 3,126.60

NHIF Contribution                         KSh 900.00

Net Pay                                        KSh 24,893.40

Effective Tax Rate                         10.42%

 

If you are employed in Kenya and your salary is Ksh 20, 000, the PAYE tax to pay is Sh 1,167.65.That means that your net pay is Ksh 17,002.35.

Remember NHIF deduction is Ksh 750 and NSSF is Ksh 1,080.00

Gross Pay                           KSh 20,000.00

NSSF Pension Contribution          KSh 1,080.00

Taxable Pay                        KSh 18,920.00

PAYE Before Relief          KSh 2,329.65

Personal Relief                  KSh 1,162.00

Insurance Relief               KSh 0.00

PAYE                                   KSh 1,167.65

NHIF Contribution           KSh 750.00

Net Pay                               KSh 17,002.35

Effective Tax Rate            5.84%

 

In this era of desperation, joblessness and despair, making money online in Kenya has remained the only business avenue which can enable an individual empower himself.

It is not easy to find people who can give you the right advice, or the route to take in order to start making money online. Most entrepreneurs would rather die with the idea rather than disclose to the ignorant majority.

Over the years I have managed to interact with many jobless graduates, shockingly, only 10 % of them know how to get rich through online business.

I am sure you have seen companies like Jumia, Brightermonday, Killmall, Tuko,Daily Nation,Buy-rent Kenya,Cheki ,Sportpesa and many more. All these companies have mastered the art of making millions through online business. Here is how to go about it.

There are many ways of making it online but be warned that the competition is very stiff-just like other businesses.All you need is consistence and persistency in order to beat competition.

If you intend to make money online, the following are some of the ways to be rich.

Making use of social media

Social media (Facebook, Twitter, Instagram and WhatsApp) are the main handles you can use to market your product.

In Kenya, with as little as Sh 5,000 you can buy women shoes, dresses, shirts or handbags and market them on Facebook, Twitter or Instagram.I am sure many people-with time-will come for your product.

What is hard in business is to implement your idea but once you have started any business and you prove that you can be trustworthy then through referrals your business can grow.

Start your own website and market your products

Starting your own website is simple. Simply search for companies like Kenya Website Experts and inform the about your intention to start a website. They will register your domain and host your website for less than Sh 3,000 per year.Alternatively,you can use “blogger”, which is hosted by Google or use Wordress.The two are absolutely free.

Once you have your websites and you get enough traffic, approach corporates and convince them to advertise on your site.do you know a single advert costs up to Ksh 500,000 per month in some websites?

You can also advertise your business through you website. For instance, if you are a data analyst, this is where you should advertise your services.

Do online writing and data entry

This is one area that has created jobs for millions of people worldwide.

Online research writing can be done by anyone regardless of your education background.

You only need to open an account for them and get the job sent to you on regular basis. You can make up to Ksh 600,000 per month.

Sell on OLX

You can also sell your services as well as your products on OLX.

 

If you aren’t sure of how much tax you are supposed to pay in Kenya as PAYE, then you can use the calculator provided below to get exact figures of your tax, net pay, and gross pay.

The calculator is up to date and in line with tax laws of the government of Kenya.

Click here to calculate your tax.

source Aren

 

Kenya has over 42 tribes, most of them not doing well economically. However, there are a few of them which are very successful: they have invested heavily in all sectors of economy and are always in the right side of history.

The poor and desperate tribes in Kenya are languishing in poverty, highly marginalized and not even affording $1 per day.

Some of the most hopeless tribes in Kenya include the Luo, Turkana,Samburu and Nubia.

The most successful tribes in Kenya include the Kikuyu, Somali,Kisii,Luhya,Kalenjin ,Maasai and Meru

One factor that is considered when determining the most successful tribes is the number of people living above a dollar per day in that community. The Kikuyu community is the most hard working and least affected by poverty,followed by Kalenjin,Kisii,Somali and Luhya respectively.

The Luos are ranked among the poorest communities in the country despite having the highest number of educated youths.The community has no specific economic activity,neither does it get involved with business.

One of the major reasons why the Luo community is lagging behind is the fact that most youths rely on white collar jobs to make it in life yet there are few jobs available for job seekers.

Communities like Kisii and Kalenjin have several economic activities that bring income on daily basis.The fact that there are no jobs in Kenya is their least concern.

The Kamba are left behind because they occupied land which is not fertile.They are also not enterprising enough to meet the standards of the Kisii and Kikuyu.

 

 

 

Sportpesa has taken Kenya by storm with information that several people have suffered depression after losing a fortune to sportpesa.Multi bet is one of the easiest ways of winning sportpesa,and if you are clever enough, you won’t lose money at all.

Multi bet allows you to win up to Sh 1 million with just Sh 100, but in most cases it’s difficult to win such amount if you are a bit careless.

I usually play multi bet and I have won up to Ksh 150,000-I have also missed by a whisker winning Sh 1 million, losing only one game among 17 selected outcomes.

Having played the game for three years, I have realized it’s extremely easer to win Sportpesa with a multi bet.

One mistake people make when doing a multi bet is to choose more than 3 options. This is very risky because the more you choose the higher your chances of losing your money.

When I personally do a multi bet, I don’t consider more than 3 teams, unless I want to risk more. But when I have Sh 200,I usually do a single multi bet having thee options and then I do a riskier one with more than three combinations.

The best options for a multi bet are:

Either team A or B will win

Either one team to score and another one don’t score (GN)

The total goals to be scored are less than 2.5

The worst choice is one that you state the team that will score first, or the team will be ahead at the end of first half. You should always avoid these options.

One thing you should remember, as I conclude, is that you should always avoid picking more than 3options when doing a multi bet.

 

If you don’t have millions to buy big cars in Kenya, you can go for a small car that is cost effective but serves the same purpose as a big car.

If you don’t have more than Sh 500,000 to purchase cars like Toyota VX, Porsche, Range Rover, you can use the little money you have to purchase small but elegant cars from local bazaar or import used cars from Japan.

If you are residing in Nairobi for instance, a small car that costs Sh 350,000 can consume fuel of as little as Sh 150 per day. Meaning that in a week you can only spend Sh 600 on fuel. This is much cheaper compared to public transport where most stages nowadays charge not less than Sh 50

Ensure that you purchase a car that does not have more than 1500 cc.You will be sure this car won’t cost much to maintain.

If you want such car, please consider buying one of the following models.

1. Honda Partner
2. Honda Airwave
3. Honda fit
4. Honda Stream
5. Toyota IST
6. Toyota Passo
7. Toyota Prius
8. Toyota Vitz
9. Toyota Axio
10. Toyota Allion
11. Toyota Rectis
12. Toyota Voxy
13. Nissan Note
14. Nissan March
15. Nissan Tiida
16. Nissan Bluebird
17. Mazda Demio
18. Mazda Familia
19. Mazda Axela

All the cars listed above cost less than Sh 600,000 but they are extremely efficient. Their small mileages enable them to be of high demand among middle class in Nairobi.

 

Domain name is very essential because it defines your business. Registering a domain name is a very easy process; it takes not more than 10 minutes.

The first step is to identify a company that hosts websites. Normally, every website hosting company has a section on their main layout of the website where you can test whether the domain name you intend to use is already in use by another company.

If you conduct a search and find that the name is available, contact the host company, informing them that you intend to register your domain name.

The company will issue you with an invoice, which usually costs less than $15

Once an invoice is delivered, you will be required to submit a suitable domain name and the amount requested by the company. In Kenya, KENIC is responsible for registering .co.ke domains.

Note that if you want to use the domain for business within your country, it’s better not to go for .com,instead go for .in,.de, .ng,or any other domain name popular in your country.

 

Gospel is nowadays more lucrative than secular songs. It is believed that any single performance a Kenyan gospel artiste does, he earns not less than Sh 50,000.That is the reason why some gospel musicians are living large and spending big-they are extremely rich.

Here is the list of the richest gospel musicians in Kenya

1. Rufftone- Roy Smith Mwatia
2. Willy Paul
3. Mercy Masika
4. Esther Wahome
5. Ben Githae
6. Size 8-Linet Munyali

Rufftone is the godfather of gospel industry in Kenya. He has permanent fans, who don’t hesitate asking about his newest track. I am one of his fans.

Willy Paul scored a D in KCSE but that did not stop him from achieving his dream of becoming one of the richest gospel artistes in the country. This boy makes more than Sh 500,000 per month. In a good month, he can make up to Sh 1.5 million.

Mercy Masika was until recently one of the poorest gospel artistes, until he released her latest hits-which have shaken the music industry. Mercy is one of the highest paid gospel artistes in the country. In a good month, she can make up to Sh 1 million.

Esther Wahome and Ben Githae are loaded. They made a name and money long time ago. The two have invested heavily, and if they quit music, no one will expect them to be broke.

Linet Munyali aka Size 8 makes a kill every time she is on stage.She has made enough to feed a generation.

 

Kisii is among the most enterprising communities in Kenya. Apart from being vocal in politics they are also not left behind in terms of business. Most of their wealth is drawn from agriculture and business.

We have three names of Kisiis who call the shots when it comes to wealth. Their wealth is distributed everywhere-in real estate, Nairobi Securities Exchange, hyper stores, banking and insurance.

We have three names of Kisii men whose wealth can match that of the likes of Chris Kirubi and Raila Odinga.

Below is a list of wealthiest Kisiis alive

1. Simeon Nyachae
2. Sam Ongeri
3. Ken Mogaka

Simeon Nyachae has always been listed by Forbes as one of the richest people in Kenya. He owns Kabansora, Credit Bank and many other assets.

Sam Ongeri on the other hand is very rich. He is one of the largest shareholders of National Bank. He also has interests in real estate and agriculture.

Ken Mogaka is little known-I believe it’s because he is not a politician. This man owns Ouru Super Stores and several assets in Kisii.He is among the wealthiest Kisiis alive.

 

Luhya tribe is ranked fourth among the richest tribes in Kenya, but little is known about who is the richest Luhya in Kenya.

We have collected facts about the persons with the fattest wallets in Western Kenya. You will realize that only politicians are in the list because in Kenya, power and wealth are highly correlated.

One thing you should know is that Evans Kidero is a Luhya, I know you believe he is a Luo.

Below is a list of Wealthiest Luhya in Kenya.

1. Musalia Mudavadi
2. Moses Wetangula
3. Evans Kidero
4. Eugene wamalwa

 

Planting fruits in Kenya can be a big blessing for an entrepreneur especially if you have enough land to do farming and passion to succeed in what you do.

Over the years I have been observing individuals close to me making millions as I waste time watching them, I sometimes feel jealous. Instead of dying with the idea, I better spread the knowledge and information I have sampled concerning the best fruits you can grow in Kenya and become rich overnight.

You can agree with me that starting any kind of business is not an easy task for people who were not born entrepreneurs. But doing farming is one of the easiest routes to take in life to succeed.

Having studied the market, especially in Nairobi and during my day to day life interacted with farmers,I have realized the following fruits can make you rich overnight.

• Watermelon
• Mangoes
• Bananas
• Tomatoes
• Onions
• Pineapples

What surprises me is that anyone planting watermelon and mangoes makes up to Ksh 3 million in three months from one acre piece of land. The sweet story does not end there. This person receives calls almost every minute from middlemen who want to buy the watermelon at any price-the demand for watermelon is crazy.

Mangoes are another kind of fruits that can easily make you rich. Nowadays farmers in Ukambani and Central Kenya are smiling all the way to the bank. Those who used to plant maize have stopped the silly business and embarked on planting mangoes.

Kisiis are also not left behind. You see several tracks overloaded with bananas from Keumbu all the way to Nairobi and Mombasa. Do you know what the farmers make per day?I leave the homework with you.

 

Nissan X-Trail is among few cars that consume low fuel but provide excellent comfort. Nissan X-Trail is relatively cheap and its spare parts are easily available.

I highly encourage anyone intending to buy a Nissan X-Trail to do so because those who have used it before say it’s one of the best.

The best way to acquire a Nissan X-Trail, either used car or brand new, is to import direct through SBT or other reliable companies. You can also buy from local car dealers which are listed on Cheki website.

A brand new Nissan X-Trail costs Sh 1.8 million but a used one can go as little as Sh 800,000.

 

You can buy gold and diamond in Kenya from trusted shops and companies for your personal use. But sometimes it’s hard to get genuine gold and diamond because of second hand goods that pass through the borders.

Fake gold and diamond is usually found in funny streets of Nairobi like Moi Avenue, Luthuli Avenue, and River Road. But if you want a genuine gold or diamond, you can find one in any of the shops in Westlands and along Ngong road.

The companies that sell genuine gold and diamond are in most cases heavily guarded because the metals are precious.

You can buy a golden or diamond wedding ring, or import from China or Dubai. If you want to buy from Kenya, the following are companies selling genuine ones.

1. Kenya Gem Company
2. Ten Thousand Villages
3. Alibaba
4. In Yaya Centre
5. Jumia
6. Kenya Jewelers
7. In Village Market
8. In Galleria Shopping Mall
9. Mombasa Along Digo Road

 

Kalonzo Musyoka is the former Vice President and currently the Co-Principal in CORD coalition.Kalonzo is a rich man, though he tends to hide what he owns.

Sources tell us the Wiper Party leader owns 600 acres of land in Ukambani, a home in Karen, investments in real estate and shares in several companies.

Kalonzo also owns apartments in Nairobi and a Chopper estimated at Sh 800 million.

Our source adds that he might be having investments outside the country.