Author: Lema Mwangi

Living on a Ksh.40,000 salary in Kenya may seem like a stretch, especially with rising costs of rent, groceries, and transportation. You might find yourself wondering how to balance it all while still saving for the future. The good news is that with some careful planning and smart budgeting, it’s entirely possible to manage your money effectively, meet your needs, and even set aside something for your future goals. Budgeting isn’t just about cutting costs—it’s about making intentional decisions about where your money goes. By knowing exactly what you earn and how much you spend, you can prioritize your essentials,…

Living on a Ksh.20,000 salary in Kenya can seem overwhelming, especially with the rising cost of living. Balancing rent, utilities, food, and other essentials while trying to save money might feel impossible. However, with the right approach, it’s entirely possible to stretch your income to cover your needs, plan for the future, and still live comfortably. Budgeting can help you achieve this balance, and with a bit of financial discipline, you can make your salary work for you. Practical Tips to Budget a 20k Salary in Kenya 1. Assess Your Income and Fixed Expenses Before creating a budget, it’s important…

Starting a business in Kenya has never been more attractive, especially with the ever-growing opportunities in various sectors. For entrepreneurs with limited capital, finding the right business opportunities that brings enough revenue is crucial. With Ksh.100,000 capital, you can explore various business opportunities that cater to the diverse needs of Kenyan consumers. But, what is the most profitable business in Kenya to start with 100K? Let’s explore the list of 15 most profitable businesses you can start with this budget. Which Business is Booming in Kenya? Kenya’s business landscape is evolving, with sectors like e-commerce, agribusiness, retail, and service industries…

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…

The butchery business in Kenya has long been a staple in both urban and rural areas. With a strong demand for meat products across the country, many entrepreneurs consider opening a butchery as a viable business opportunity. But is it truly profitable? In this guide, explore the profitability of the butchery business in Kenya, examine profit margins, and outline the necessary steps and requirements for starting and running a successful butchery. If you are just getting started, learn how to write a business for your butchery business. Is Butchery Business Profitable? The butchery business in Kenya can be highly profitable…

Writing a business plan is a crucial step for any entrepreneur in Kenya who wants to ensure the success and sustainability of their business. A well-crafted business plan not only guides the business in the right direction but also helps in securing funding from investors or financial institutions. Here’s a detailed guide on how to write a business plan in Kenya, covering the essential steps and components of a business plan. 1. Executive Summary The executive summary is the most crucial part of your business plan, as it provides a snapshot of your entire business strategy. It is often the…

Prominent businessman and politician Jimmy “Rich” Wanjigi has been in the spotlight recently for his vocal criticism of the Kenyan government—a government he once played a key role in bringing to power. Known for his business maneuvers and political influence, Wanjigi’s name has also surfaced in various scandals, most notably the Anglo Leasing and Arror scandal. Wanjigi’s political lineage traces back to his father, Maina Wanjigi, who served as a Member of Parliament and influential Cabinet Minister in both Kenyatta I and Moi era. This background has significantly influenced Wanjigi’s business and political moves. An alumnus of the prestigious St.…

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…