How To Invest In 5 Million In Kenya
Some of the options include investing in restaurants, buying an existing business, starting your own social media marketing company, or other online services.
You should be able to use your money to invest in something like a real estate property, which you can then resell, rent out to tenants or refurbish and sell for a profit.
We have made this list of 6 different businesses and industries that you can use your 1 million shillings to invest in and we hope it helps you.
1. Invest in the Food Industry
The food industry offers limitless opportunities for aspiring entrepreneurs like yourself.
From selling food from a street vendor to opening your own cafe, restaurant or bar, the sky is the limit.
It doesn’t matter if you are interested in cooking traditional Kenyan dishes or something more exotic like tapas; there’s an opportunity for everyone to get involved.
Now, if you have one million shillings to put into a business, you might want to think about venturing into the food industry. Right off the top of my head, I can think of opportunities in several different areas, such as:
Opening a fast-food franchise (with good marketing and management),
Starting a bakery/pastry shop where you make your own cakes, bread and treats from scratch
Opening a restaurant with traditional Kenyan foods or those from other African countries
Serving your own version of tapas dishes with modern twists
Offering catering services that can be used for home or office events.
2. Invest in Real Estate
Real estate is a complex and often misunderstood industry.
Investing in real estate can be very profitable, but you need to have the right type of business acumen if you want to do well.
If you have one million shillings to invest, then a good option for a Kenyan investment would be buying a property that you can either rent out or resell.
Even if you plan on starting a business in Kenya, it pays to have your savings and investments working for you with real estate.
3. Start Your Own Social Media Marketing Company
With the rise of social media networks such as Facebook, Twitter and others, many Kenyan businesses are now using these platforms to reach their customer base.
In fact, statistics have shown that Kenyan businesses tend to allocate a larger percentage of their budgets towards social media marketing in comparison to other countries.
The good news is that you can start a business by offering social media management and marketing services for these companies.
You’ll need the right skills and experience in social media marketing, so read up on the latest trends and find out how you can use them to your advantage.
4. Invest in a Promising Startup
In most cities, there are always promising startups being launched.
For a Kenyan investment, one of the best choices you can make is to invest in a startup that is still in its infancy.
As an angel investor – someone who invests money into businesses – you will have the opportunity to share your wisdom with upcoming entrepreneurs and be part of something special.
If hopefully, the startup grows into a successful business, then you can participate in the financial rewards that come with it.
5. Invest in Agribusiness
Agribusiness is a growing sector of the Kenyan economy.
From bakeries to dairies, milk companies and others, there are numerous businesses you can start if you have one million shillings available to invest.
And with food prices increasing by the day due to inflation, now would be a good time for agribusiness investments.
Some examples of profitable agribusiness sectors you can invest in include:
Dairy farming
Large-scale fruit and vegetable farms
Sugar cane plantations
Coffee/tea estates or processing plants
Olive oil production orchards
Confectionery products (candy, chocolate)
6. Start an Electronics Shop
Electronics have become very important in the modern world.
However, the cost of buying high-quality electronics can be quite expensive.
If you have one million shillings to invest, then starting an electronics shop is a good way for it to grow into something more profitable. With social media marketing on your side, you can drive more customers to your shop.
And with the right inventory, you can be sure that most people will find pretty much everything they need in one place!
Some of the most profitable electronics to sell in your new shop would include:
Smartphones
Laptops
Televisions
Home theatre systems
Gaming consoles
Since one million shillings might not be enough for a fully-fledged electronics shop, you can start with a small inventory then scale as you make more profit.