Top 7 Small Business
Investment Opportunities in Kenya
1. Laundry services
This business thrives well in any economy – recession or not.
There’s a large market to cater to, as many Kenyans are busy with their day
jobs and have little or no time for laundry. To start a laundry business, all
you need are a washing machine, pressing irons, and a few other items. So, it’s
very easy to start, but very lucrative.
2. Open an
Entertainment center
There are a lot of expatriates in Kenya, especially in Nairobi;
and these expats (Kenyans included) definitely need a place to wind down in the
evenings and on weekends. You can cater to these needs by setting up an
entertainment hotspot such as a hotel, bar, restaurant, cinema, casino, fast
food joint, night club, etc. In fact, the list is endless. Just choose a
entertainment business you are passionate about and give it a go.
3. Setup a security
guard company
After the 21st September 2014 deadly terrorist attack on
Westgate Shopping mall in Nairobi, there has been an increased security
awareness throughout Kenya. Unfortunately, the police and military cannot do it
alone; thus creating an opportunity for smart entrepreneurs to make profit
while providing an essential service.
You can setup your own security guard company, train able-bodied
men and women, deploy them to companies that need to protect sensitive
infrastructure and make your money. It is as easy as ABC but you must bear in
mind that your business needs to be license with the assigned regulatory
authority.
Now if setting up a security guard company is too capital and
management intensive for you, you can still profit from the increasing security
consciousness of Kenyans by starting any of the businesses listed below:
·
Import and retail
security products such as CCTV, security cameras, metal detectors, etc.
·
Import and retail self
defense products such as pepper sprays, mace, batons, etc.
·
Start a seminar
brokerage company and organize workshops on security and safety.
·
If you have been in
the police or military, you can start an executive protection agency and
provide escort services to important personalities and high profile
individuals.
·
You can also setup a
vehicle tracking company, if you have the capital, technical know-how and
manpower.
4. Daycare center
One thing about businesses in Africa is that there fundamentals
are the same. When it comes to raising children alongside earning a living,
there is really a big global problem especially for mothers. In Kenya, just
like there worldwide counterpart; mothers are too busy and don’t have enough
time for their babies.
Now there is an option of getting a house help or maid but with
increasing number of reported cases of house helps maltreating, abusing, or
even selling babies left in their custody (child trafficking is a big time
illegal trade); mothers are left with no other choice than to take their kids
to childcare centers.
If you think you are up to the challenge, then you can take a
leap into this business and reap tremendous reward. However, it is important
that “caring for children” should be your passion and don’t forget to hire
seasoned nannies and babysitters.
5. Education
Just as in other African countries, there is a growing need for
quality education in Kenya. Ghana has taken the lead in West Africa and now has
some of the best universities in the continent. You can start by opening a
primary or secondary school. Your school does not have to be gigantic in size,
you just need to have a high quality standard and you will break even.
6. Traveling salon
As people live longer, there's an increasing need for senior
services of all sorts. And not all are related to health care. One such
service, a mobile salon that travels to customers' residences to do their hair
or nails, has nothing but growth potential.
7. Smartphone repair
Smartphones have become indispensable for both business and
personal use. But have you ever tried to get one fixed? It can cost as much to
as it does to buy one. Smartphone-repair services are starting to crop up
around the country, but for now, this market is wide open.
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