Are you looking to start a profitable business? Then, we would like to congratulate you because Kenya has so much potential and there are lots of opportunities available if you have the right connections–or just enough luck!
Kenya is a hub of business in Africa .There are so many opportunities here even if you don’t have a lot of capital to invest with.The key is making sure that you hit the ground running as soon as you have that idea.
In this article we will discuss some profitable businesses you can consider starting here in Kenya.
Profitable businesses in Kenya
Establishing an education institution
The education sector in Kenya has seen a huge boom recently, with schools being built all over the country to meet demand. This means there are plenty of opportunities for entrepreneurs looking to enter this field and start up their own institution.
You could set up your own school or a college program that would draw in students from around the country who are seeking quality education.
Especially now with the introduction of the competence based curriculum there are now numerous opportunities for schools that can be set up to meet the needs of students.
Health Care Sector
Another profitable business you could consider starting in Kenya is in the health sector.
With the government rolling out the Universal Health Care (UHC),there are plenty of opportunities for entrepreneurs looking to enter this field and start up their own clinic or hospital in Kenya.
Alternatively,you can also set up your own private healthcare insurance that would cater to patients who are looking for affordable but reliable insurance.
This is undoubtedly a great opportunity due to Kenya’s increasing middle class population with an increased spending power.
Booming supermarkets can be found in every corner of Nairobi and while they are not immune to the economic downturn, they are still doing well and there is plenty of opportunity for entrepreneurs looking to enter this market.
Kenya is a popular destination for tourists from all over the world. If you have experience in the hospitality industry, then this could be the perfect business.
Consider setting up a franchise service such as a hotel, resort or a campsite amongst other things related to the tourism industry .
As long as you have an experienced team any company can grow quickly given the right investment and conditions.
The telecommunications industry has grown significantly with more than 20 million subscribers and the market continues to grow rapidly.
Mobile telecom’s such as Safaricom, outsource telecommunications jobs often. This means that anyone with expertise in mobile service networks, data handling or switching as well as fixing gadgets can find plenty of work.
Kenya has a lot of potential for renewable energy as well. There is currently an initiative to generate 100% clean and green electricity by 2030, which would mean new jobs in construction, plant operation and maintenance among others.
You can sell solar panels,wind turbines,water pumps and inverters to those who want to be part of the green energy revolution.
Medical Equipment and supplies
Sale of medical equipment is another booming business in Kenya.You can supply hospitals with high quality medical equipment such as scanners, ultrasound machines and the like.
You can import medical equipment and supplies from abroad or set up a manufacturing plant to meet the demand for it.
You can manufacture medical supplies such as surgical masks, gloves, bandages and gauze. You can also supply pharmaceutical products such as antibiotics, vaccines and cough syrups to various hospitals in Kenya.
Technology is a booming business in the country and it has been successfully been deployed to improve services such as online banking, mobile money transfers, shopping malls eCommerce sites etc.
One good example of this growth is M-Pesa which is now one of the most successful innovations in Africa with more than 12 million subscribers who use its platform.
Another booming business is setting up a maize milling plant.
Ugali is a Kenyan staple food that is consumed by almost all Kenyans.This gives you an opportunity to delve into the manufacturing sector where you can buy maize from farmers, grind it, brand it and sell it in retail shops and supermarkets.
Trading in Agricultural produce
According to the Business daily, Kenya exported avocados worth 4.6bn between the month of January 2020 to March 2020. This shows that the agricultural export industry is a lucrative one and you can have a share of this pie by buying agricultural produce from farmers, branding them and then selling to buyers across the world.
Software development company
Kenya has seen an influx in software developers over recent years due to a number of factors that include increased awareness about technology as well as establishment of new training institutes such as ihub and Nailab.
Nairobi is ranked among the top cities in Africa for software developers, and indeed it has been called the silicon savannah. If you have app and gaming development skills ,Kenya is the place to be.
The coffee industry in Kenya has grown tremendously over the recent years. You can take advantage of this by establishing a private coffee processing plant, buying your coffee beans from small scale farmers,roasting them, branding them and finally exporting them across the world or selling them in the local market.
If you have experience in producing coffee, you can apply to become a member of the Kenya Coffee Processing Board and start up your own processing plant.
You will need access to some capital for establishing a factory,buying equipment and buying coffee beans from farmers.
Different types of produce require different levels of expertise so make sure that you have the right skills for this type of investment.
Kenya has become an attractive place to invest in real estate due to its potential for growth and there are lots of opportunities available if you have the money or a good credit history.
You can set up a real estate agency in Kenya or buy land and build a residential estate.
The demand for housing in the country is high, so there’s always going to be someone out there willing to fill your pockets with money should you have something they’re looking for .
A great way of investing your capital in real estate is through flipping.This is buying property that has been repossessed by banks and then reselling it for a profit.
Kenya is ripe with opportunities if you have the right idea, so don’t be afraid to get creative!
There are lots of booming businesses that you can setup here in Kenya and there’s no need for any experience when starting from scratch.
Kenya is the perfect place for entrepreneurs to thrive as there are so many opportunities waiting around every corner that you won’t know where to start
!If you have what it takes to make it a profitable business then you can make a lot of money.
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