There are many opportunities for entrepreneurship in Kenya. However, if you want to start a business with higher potential than some other options, it is important to know about the different ones and their success rates before deciding.
The business ideas listed below are not in any particular order of preference. However, they offer a range of options for different levels and amounts invested.
1. E-Commerce business
In Kenya, the e-commerce business is the most profitable business to start in 2021. This business does well because of the internet penetration rate, increasing and giving more products to be sold online.
E-commerce in Kenya is a relatively untapped business growing quickly because of the high number of internet users.
As of December 2020, Kenya had an internet penetration of approximately 85.2. in 2021 there will be many potential customers for any business, especially e-commerce business, an online business selling products on a website or social media platform (Facebook).
Agriculture is the backbone of the Kenyan economy. It contributes to about 36% of GDP and employs more than 70% of the workforce in Kenya. Agribusinesses are highly profitable because agribusiness has a low entry barrier and huge potential for growth with relatively small capital investment.
The following agribusiness ventures have been deemed high profit: Agroforestry, Crop Production, Animal husbandry, etc.
In 2021 Agribusiness is still one of the profitable business ideas in Kenya, where the vast majority of the population still lives in rural areas, and agribusiness is the backbone of their livelihood.
3. Selling clothes (Mtumba business)
Another great business in Kenya is selling clothes. The business is especially profitable if you have a lot of money to invest. You can buy mitumba clothes from abroad and sell them in Kenya at an affordable price.
There are many shops for these businesses, but the best way to start your business is by first selling online platforms like Instagram or Facebook. This will help you understand what Kenyan customers want before opening up more permanent stores around town.
The business requires little capital investment and has high-profit margins because most people with deficient income levels cannot afford expensive clothing and other goods offered in malls, making it difficult for clients to demand better prices.
4. Mobile money business
The Mobile money market in Kenya had seen major changes since 2007 when M-Pesa first launched.
There is plenty of opportunity in the mobile money sector, such as M-Pesa Agent, where you will provide M-pesa services to Kenyans.
5. Motorcycle Spare Parts Business in Kenya
The motorcycle business in Kenya is lucrative. This is because motorcycles are a major means of transport for many Kenyans. This need has been exploited by motorcycle spare parts business owners who sell various spares from motor oil to tires and batteries to brake pads.
This type of business will work well anywhere in Kenya, where there are many tiny motorcycle towns.
6. Digital Marketing and Graphic Design
The Digital marketing industry has been growing by leaps and bounds. Digital marketing uses online channels to reach a potential customer base to promote products, services, or ideas through various media such as text messages, emails, social media posts, etc.
As more Kenyans are getting connected to the internet, digital marketing services will keep on rising.
The advantage of digital marketing to other traditional businesses is the low costs involved. All you need is the skill, and you can set it up as a sole entrepreneur or hire consultants who will do the work for you.
7. Restaurant business
The restaurant business is one of the most profitable businesses to invest in Kenya. This kind of business does well in cities and towns like Nairobi, Mombasa, Kisumu, etc., where there is a large number of people.
If managed well, a restaurant can run into profits since people must eat. Restaurant business.
The Restaurant business is one of the most profitable businesses to invest in Kenya. This kind of business does well in cities and towns like Nairobi, Mombasa, Kisumu, etc., where there is a large number of people.
8. Agro vet Business in Kenya
Agro vet business is one of the profitable business ideas in Kenya. Starting an agro vet business in Kenya will lead to profits since the Kenyan economy is largely agriculture-based, meaning there will always be customers.
9. Construction Business in Kenya
Kenya is a developing country, and everywhere you go, you will find Construction going on, be it roads, businesses or houses.
There is enough demand, and the returns are good in this kind of business Especially selling construction materials or setting up a hardware business
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