Author: Lema Mwangi

If you have a Ksh.50k startup capital, and you are looking for profitable businesses to venture into, you may have several options. This amount of capital, though modest, can cover the essential start-up costs for a variety of ventures The market offers numerous opportunities for small businesses, especially in the retail, service, and food sectors. The key is to identify a business that not only fits within your budget but also aligns with your skills, interests, and the demands of the local market. Related: Most Profitable Business to Start With 50k in Kenya Here are some business ideas you can…

The online marketplace in Kenya has grown exponentially over the past decade. With increased internet penetration, the rise of mobile money, and the convenience of online shopping, more Kenyans are turning to the internet to purchase products. For entrepreneurs, this presents a golden opportunity to tap into a market that’s hungry for diverse, quality, and affordable products. In this article, we’ll explore the most profitable products to sell online in Kenya and the specific categories of products that are in high demand. Why Sell Products Online in Kenya? Selling products online in Kenya is advantageous for several reasons: What Do…

If you were recently employed or got a pay rise to reach a Ksh.30,000 monthly salary, you must figure out how to balance your earnings and expenses. First, Ksh.30,000 is a decent starting salary in most companies and may be sufficient for a one-person household. However, if you have a family and school-going children, you must go the extra step to manage your expenses and find ways to earn an extra income to meet your needs. With the rising cost of living, it’s essential to allocate your income wisely to cover necessities, save for the future, and still enjoy a…

Billionaire Gerald Gikonyo died on Thursday last week at the age of 110 years at his home in Nairobi’s Central Business District. A statement released by Kanyuira Gikonyo, the family spokesman, indicated that Gikonyo died due to complications related to old age. As the founder of Sabina Joy, it is no doubt that the late billionaire lived his life to the fullest. He was an astute businessman, and his other businesses include Rwathia Distributors, Magomano Hotel, New Kinangop Hotel, Timboroa Hotel, and Alpha Hotel. He also owned several high-rise commercial and residential buildings spread across Nairobi. Here are some interesting…

If you want to create a passive income in Kenya, a money market fund is a good investment to consider. There are various money market funds in Kenya, each offering a different rate of return. A money market fund (MMF) is a type of mutual fund that invests in short-term, highly liquid, and low-risk securities. This investment provides investors with a safe place to invest easily accessible, cash-equivalent assets. Money market funds are ideal for investors looking for a low-risk investment with stable income and capital preservation. Key Features of Money Market Funds in Kenya Short-Term Investments Money market funds…