Job searching in Kenya has become a daunting task for many, with over 1.4 million Kenyans actively seeking employment. The harsh reality is that seven million Kenyans are currently unemployed, according to a survey conducted by the Kenya National Bureau of Statistics (KNBS).
The survey, released on March 22, has shattered the myth of a 40 percent unemployment rate, highlighting the grim state of joblessness in the country.
In the face of such staggering figures, some Kenyans are opting to take matters into their own hands by starting their own businesses.
With various options available and different amounts of starting capital required, entrepreneurship has become an attractive alternative to the relentless job hunt.
One lucrative business opportunity is setting up a movie shop, requiring an estimated capital of KES 70,000 to 100,000.
This venture involves renting a stall and purchasing the necessary equipment, with reliable internet access being crucial to keep up with the demand for emerging videos, especially among university students who make up willing clients.
The salon business is another viable option, with a starting capital of KES 50,000 to 100,000. The location, services offered, and interior design are key factors that can make a salon stand out and attract a loyal clientele.
As car ownership rises in Kenya, starting a car wash business presents an opportunity to tap into this market. With a starting capital of KES 50,000 to 100,000, an accessible yard, reliable water supply, and necessary equipment are essential for success.
For those interested in the food industry, opening a butchery requires a capital investment of KES 50,000 to 80,000. Location plays a significant role in this venture, as proximity to potential clients and a reliable source of meat are critical factors to consider.
The popularity of mobile money transfers in Kenya has soared, making it a potentially profitable business option. With a starting capital of KES 20,000 to 50,000, setting up a money transfer business requires a branded shop, an ETR machine, and efficient service to attract and retain clients.
Commercial cleaning services are in demand, as more companies outsource this task. To venture into this business, an estimated capital of KES 80,000 to 100,000 is necessary for hiring reliable staff, procuring equipment, and marketing the services to potential clients.
The Boda Boda business has experienced rapid growth, with many Kenyans relying on motorcycle taxis for transportation. With a starting capital of KES 50,000 to 80,000, obtaining a motorbike, protective gear, and necessary permits can set you up for success in this industry.
The digital age has opened up opportunities for online businesses, and an online accessories store is one option with a lower starting capital of KES 30,000 to 40,000. Utilizing social media platforms to showcase products and engage with potential customers can lead to success in this virtual marketplace.
As the number of working parents increases, daycare centers have become essential.
With a starting capital of KES 20,000 to 30,000, securing a children-friendly environment and facilities, along with effective marketing, can help attract parents seeking professional childcare services.
Lastly, the milkbar business presents a lower-cost option with a starting capital of KES 20,000 to 30,000. Success in this venture relies on proper refrigeration systems, a reliable milk supply, and identifying a market gap, especially with the increasing popularity of milk ATMs.
