Kenya is one of the fastest developing countries in Africa. It has a growing middle class, and foreign direct investment is on the rise. This means that there are plenty of opportunities for entrepreneurs to start businesses in Kenya with little or no money!
In this blog post, we will explore some ideas for what you can do if you have only 200k (Ksh).
Businesses to start with 200k
Start a mini supermarket
Kenya has an underdeveloped supermarket industry. It is, however, one of the most promising sectors in terms of growth and profit margins are high too.
You can start small with just 200k Kenyan shillings, and reinvest the profits into the business to scale it up to a giant supermarket.
Start a baby clothing store
Kenya is one of Africa’s fastest-growing economies with a GDP growth estimated at over six percent in 2018 (according to World Bank data). This means many Kenyans have a disposable income thus raising their spending power.
Baby items are one of fastest moving items partly because parents are often excited on receiving their bundle of joy and therefore go all out and splurge.
Start an online retail store
Over the years, Kenya’s internet and mobile penetration has risen steadily from 16% to 21% . This means it is becoming easier to find potential customers online.
You will first need an e-commerce website before you can start selling your products.Once this has been set up and your store is ready for launch, you will be able to sell anything from gadgets and clothes to furniture all at the click of a button.
Become a fashion designer
Kenya has a growing fashion industry with lots of opportunities for young designers.
With the rising popularity of Instagram, it is now easier than ever to showcase your designs and find customers in Kenya or other countries where you can sell online.
Start a cooking business
There are many Kenyans (especially bachelors) who want someone to cook for them.
If you enjoy cooking or if you’re just good at it, start your own catering business by preparing healthy meals that are tasty as well.
200k is enough to buy the necessary culinary equipment and cooking ingredients.
Start a bakery or coffee shop
Kenya is known for its love of tea and baked goods, so why not start a business that taps into this? Whether you make cakes or breads from scratch, there will always be demand for baked products.
Sell handcrafted goods
You can sell handcrafted goods in markets such as Masaai Market or online through Etsy.
You can visit Maasai Market on Saturday mornings or Muthaiga Village Crafts Centre on Sundays in order to sell your items while also networking with other business people.
Create a co-working space
Kenya is a hotbed of entrepreneurship, which means there’s always something new to try.
Creating a co-working space would be an excellent option because most small business people cannot afford to rent an office thus providing them with an alternative solution where they can work and stay focused.
An example of a great co-working space is KIKAO in Eldoret Town.
Start developing websites for businesses
If you’re interested in a more intellectual line of work, developing websites for businesses is an excellent choice.
There are plenty of opportunities to get your foot into the door with this type of job and being able to offer a wide range of services can help keep things fresh while also ensuring that there’s always something new waiting around each corner.
Develop an app for businesses in Kenya
If you’re looking to take your technical skills a step further, developing an app is another excellent way to get involved with the tech industry.
Whether it’s building from scratch or assisting even more experienced developers with all of their tasks- there are plenty of opportunities when it comes to this type of work.
Become a game developer in Kenya
If you want to get into the gaming industry, there’s no better way than by becoming an actual game developer and handling everything from start to finish- designing levels, scripting dialogue and characters, creating art assets etc.
This is one of those careers that requires hard work because you ‘re not just creating one game, but rather a new world for the player to explore.
Become a digital marketer in Kenya
Digital marketing is one of those industries that’s been around for years, but has only recently seen its true potential due to technological advances.
The idea behind this career path is simple : create content for a company’s website, apps or social media platforms in order to sell their products.
If you’re looking for a business to start in Kenya with Ksh 200,000 and want the best chance of achieving success, there are many things that need to be considered.
Making sure your product or service has high demand is key. What does this mean? It means if people will buy it and pay top dollar for it then go ahead but make sure they have enough money to spend on what you’re selling first!
Also consider how competitive your industry is before investing too much time into something new because starting up costs can quickly rack up in an already saturated market.
Lastly, when beginning any type of business venture one must keep their eye on all aspects of managing finances from revenue streams to expenses so as not find yourself running out of