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How to Invest Money in Kenya: 10K up to 1 million

When you have 10K, 50k,100k,200k,500k and 1 million at your disposal, you have to invest wisely, otherwise the money will go up in smoke. There are several ways in which you can utilize the cash to realize handsome returns. In this article, we are going to direct you on wise ways to spend the money for long term returns.

  1. Invest in shares and bonds

The first thing to think of is investing for shares and bonds.Though most blue chip companies are not preforming so well as at now, there are companies like EABL and Safaricom which you can target. I suggest you go for bonds because you are guaranteed of returns in the long run. Bonds require that you invest at least Ksh500,000 in order to get good returns.

If you currently don’t have any business proposal, invest the capital into bonds and shares and you will be happy afterwards.

  1. Start online business like blogging or online store like Jumia

You may have capital of Ksh10,000 to Ksh 50,000. This money is enough to launch a blog or to start online business like Jumia.All you need is someone to create a website for you, then you start creating content. Alternatively, you can start a dating site where you connect

If you are a university graduate and your passion is writing, becoming a blogger is the best option for you. Many people would discourage you, others will belittle you but you will be silently making millions. To start a blog, you need a capital of Ksh5,000 to Ksh20,000, which is manageable.

  1. Buy Unit Trusts

Instead of leaving your cash in the bank, approach a credible insurance company and buy Unit Trusts from them. If you have Ksh1 million, you will earn Ksh 120,000 to Ksh200,000 every year. With Unit Trusts your capital is safe and interest rate per annum range between 9 and 25. The best companies to approach for the product include CIC, Old Mutual or Britam.

If you are in a stable job, I will suggest that you open an account with CIC or Old Mutual and start saving as little as Ksh 1,000 every month, the money will earn interest on daily basis.

  1. Starting a profitable business

Everyday people go online to search for profitable business to start with Ksh 10,000,Ksh20,000,Ksh50,0000,Ksh100,000,Ksh500,000 or Ksh 1 million. While we may not have the same capabilities, at least with the little you have, you can find something to do.We regularly conduct research to determine which kind of business is profitable in Kenya in different scales. For instance, businesses like Cyber Café will not yield anything because of the smartphone era.

Here are profitable businesses you can start with your capital:

Capital of Ksh 10,000 to Ksh 50,000

Selling chapatti and mandazi in the estate

  • Juice blending
  • Small grocery shop
  • Kinyozi plus home salon
  • Blogging

Capital of Ksh100,000 to Ksh 1 million

  • Cosmetics shop—Ksh 100,000 to Ksh 500,000
  • Fast food restaurant—Ksh 100,000 to Ksh 500,000
  • Executive salon and SPA—Ksh200,000 to Ksh1 million
  • Shylock business—Above Ksh500,000
  • Chemist shop—Ksh 1 million
  • Cereals business—Ksh 100,000 and above
  • Small restaurant—Ksh 150,000 to Ksh 1 million
  • Wines and Spirits business—Ksh 150,000 to Ksh 500,000
  • Uber business—Ksh 400,000 to Ksh 1 million
  • Cake baking business—Ksh300,000 to Ksh1 million
  • Mpesa shop—Ksh 100,000 to Ksh500,000

Business requires that you conduct thorough research before you formally launch one. Running any kind of business is not a mean feat, it requires a battalion of skills.

  1. Invest in land

Another wise option is to buy pieces of land and wait for the price to rise before you dispose them. Areas like Nakuru, Joska, Kitengela, Ngong,Thika and Eldoret are the best for this business. You can buy 50 by 100 piece of land at Kabarak Nakuru for Ksh 300,000 and after two years you sell the same at Ksh 1.2 million. You won’t go wrong with land because it doesn’t depreciate.

To buy land, you require between Ksh 200,000 and Ksh 1 million. If you have Ksh 1 million, go for land that costs Ksh 300,000 and buy three plots. Keep the land for some years and dispose when the price has more than doubled.

  1. Fixed Deposit account savings

If you can’t save your money in Unit Trusts, then open Fixed Deposit Account and save it as it earns interest. There are companies like CFC and CBA which offer the best interest rated on fixed accounts.

If you make a mistake and save the money in current account, you will consume it within a short time. Fixed Account will restrict you from withdrawing the cash as you wish.

  1. Forex Trading

Forex Trading is not something you can jump to but if you have someone to guide you, chances are that you’ll eventually master the game and become a millionaire. You need between Ksh 100,000 and Ksh 200,000 to start forex trading business.

  1. Start a consultancy firm

There are so many graduates here who have skills but they are unable to get employment, the best thing to do is to start a consultancy firm. If you did Statistics, spend Ksh 50,000 to Ksh100,000 to launch a consultancy firm, if it’s law then you can launch a law firm if you have gained enough experience.

Alternatively, you can start a construction company or procurement and logistics company.

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