Have you been looking for a creative and innoovative business idea? It can’t be easy to identify a business idea that is not already crowded. Luckily, we have some great ideas that will surely be of interest to you. Here are some innovative new business ideas in Kenya you can launch with either a very small or huge capital. A proper and right business idea will get you where you want to go. We believe that our innovative business idea article will help to enhance your knowledge about the best business ideas ever.
Before starting a new business in Kenya, you need to do a detailed analysis of some legal requirements and the market feasibility. The entreprenurship sector of Kenya is an emerging market. It contributes about 75% of the GDP. Here are some latest business ideas in Kenya.
Small business ideas in Kenya
Small business ideas need low capital. Before investing a huge amount in a new business, it is better to invest a small amount of capital. The goal should be to grow it into something big. Low capital business ideas in Kenya are trending now. Here are the types of Business ideas in Kenya with small capital.
1. Small bakery
An example of a great business idea is opening a bakery. To get your business up and running, you would require good marketing skills. Use your small savings to start it at a small scale and reinvest to make it large. You will require raw materials (such as eggs, flour, sugar), baking equipment (pans, ovens, mixing equipment, cake decorating equipments and measuring equipment), raw materials (flour, eggs, sugar), consistent recipes, business permits and licenses.
For business registration and permits, consult a good lawyer. One basic requirement is passion for baking and great marketing skills goes without saying. This idea is not very new but with creative and new baking styles, you can definitely secure a great portion of the target market.
2. Fruit vending machine
Nowadays, everyone is going towards the healthy way of living. Across the globe, fruits are a healthy option. If you invest in a small fruit shop, you will never go wrong. This requires a knife, labor and blender and fruits. Persistence is the key here.
Find a good location and buy fruits from the cheapest outlets. Get a vending machine, where buyers can purchase their favorite fruits by inserting coins and select the options available without any hassle. This is one of the good business ideas in Kenya to start-off with.
3. Mushroom farming
For high returns turn to this. It is one of the best business ideas in Kenya. It is the easiest and cheapest to start. For those who know how to market their merchandise, the market is easily available. You will require mushroom farming knowledge, substrate, room and spawn. For beginners, shiitake and oyster mushroom breeds are recommended. Competition is very low in this business.
4. Making beaded handbags and sandals
One kilogram beads costs Ksh 370 in Nairobi. For a handbag and sandals, a one kilogram of beads is enough. Selling cost of those sandals and handbag will range from Ksh 3500 to Ksh 4000. Training cost and costs of other equipment such as needles and string can be about Ksh 3000 and Ksh 600 respectively. This is one of the unique business ideas in Kenya which you can definitely opt for.
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5. Professional cleaning service business in Kenya
Professional cleaning service is booming in Kenya. It is one of the profitable business ideas in Kenya. The minimum budget of this type of business is Ksh 150,000. Cleaning and organizing offices and homes will be the main objective of the business.
Cleaning agents and various types of innovative cleaning techniques re required in this type of business. In Nairobi, Kahawa Estates, Ruai in Kang’undo road and areas around Jomo Kenyatta international airport are good target areas for this cleaning service business.
7. Brick making business
The real estate market in Kenya is booming. Because of this people of Kenya are looking for cheaper homes. Brick making business is one of the profitable business ideas in Kenya. Brick is the cheaper option rather than stone.
Spades, labor, sub oil and brick making machine are the necessary equipment for this business. The total amount of cost and the estimated budget of this business is approximately Ksh 100,000.
8. Event planning and party planning
Religious events, birthday parties, weddings and other events are taking place in Kenya every day, week, year or month. Holding parties and as well as the planning for the parties is very stressful. The fee of the event planning business depends on the size of the party. The business event management will require very low capital.
The initial expenses of this business can be divided into separate groups, such as initial marketing cost, registration expenses of the business, other equipments, a computer or laptop and a printer. Capital expenditure can be about Ksh 60,000. Cost of a computer should be around Ksh 30,000. Printer cost can be around Ksh 5000. Registration expenses of the business can be around Ksh 10,000. Marketing costs in the initial stage should fall within Ksh 10,000 and office supplies of the business may be around Ksh 4,000.
9. Wall paper selling
Selling wall paper is one of the viable business ideas in Kenya. Most of the people in Kenya live in houses with dull paint. Painting is basically done by their landlords. Many people will be happy if they get better interior looking. As a business man, you will be dealing with handy wall papers.
You can get this kind of wallpapers from the local wholesalers or get them by importing from other countries. Cost of ten meters wall paper roll can be around Ksh 1600. Including other expenses, the total expense of the business might be approximately Ksh 1800 to 2000. After getting the material you can sell that wallpaper roll for 3600Ksh including installation charge for Ksh 1500. It can generate double profit and more revenue.
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10. SEO or link building business
In Kenya, internet related businesses are booming. Every day hundreds of websites are established. You can develop an online community, web page designing and SEO or link building services. Initial investment of this business will be less than Ksh 35,000 approximately. This business is one of the top business ideas in Kenya.
11. Recycled product business
People in Kenya believe in art and they do not want to waste product. Keeping thisin mind, businessman may introduce a new innovative business idea. Start up cost and the initial cost for this business is low. To create roofing tiles from waste plastics is the innovative idea. Small pieces of waste cans, old plastic buckets will help to make the roofing tiles. Initial investment for this business would be around Ksh 50,000 to Ksh 60,000.
12. Farming Chia seeds
Kenyan market is a fast growing market. Nakuru, Western Kenya and Uasin Gishu are among the best places for growing the crop called chia. These areas are warm with well drained soil capacity. The cost of one kilo chia seeds is around Ksh 2000, farming cost of Chia seeds can be Ksh 6000. Initial total investment of chia seeds is approximately Ksh 10,000. After 3 months of processing 2 kilograms of chia seeds will give harvest of around 75 kilograms. The process can easily raise an estimated revenue of Ksh 150,000.
Source: Tuko Kenya
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