You have worked so hard all-month long and the time has come for you to smile your way to the bank. Sadly, it has become a cycle of you earning huge sums of money that gets drained to the last coin way before you even get to sort out your expenses. Despite having a well-paying job, you have nothing to your name. I have come up with 5 possible ways that you can invest your money in Kenya in 2020:
1. Real Estate
People have really been sleeping on this investment plan. Companies like Cytonn have given investors a chance to play a part in ensuring projects such as RiverRun Estates, Applewood, the Alma, the Ridge and Amara Ridge to come to life. Also, you can decide to buy land, let it appreciate then sell it at a much higher price after several years. In Kenya, land appreciates faster so this is definitely a sure bet. It is worth noting that before you venture into real estate investment, have your finances in order then do your research.
Being a third- world country that has a huge chunk of the society depending on farm produce, it goes without say that more money need to be injected into the agricultural sector. This is one profitable option that has seen people quit their 9-5s to do this fulltime as they earn millions of shillings from it. If you can a way that will make your produce reach the export market, the better. Common agribusiness options include;
- Greenhouse farming
- Offering Agricultural financial services
- Offering Agricultural consultancy services
- Poultry and egg production farming
- Livestock farming
- Large-scale crop farming
3. The Stock Market in Kenya
Now is the best time to invest in the Kenyan stock market. Why? Most companies have undergone depression caused by the corona virus pandemic. The result is a fall in stock prices. Right now, you can be able to buy stock at cheaper prices. However, make sure that you invest in the Nairobi Stock Exchange (NSE) through a certified stockbroker and/or investment banks.
4. The Tourism Sector in Kenya
Kenya is one of Africa’s top travel destinations. In addition, the government does its best to pump in funds so as to boost the sector. One of the most booming businesses is the Airbnb business where you furnish your apartment and put up on Airbnb. This enables tourists and travelers to seek homage at your place at a fee. Other ways include investing or partnering up with top hotels and game parks.
Each day, a new SACCO is being registered. These have come in handy to help small and medium enterprises (SMEs) to find the kick start they need. They also help grow sectors that could have otherwise been overlooked. Investors in SACCOs earn through loan interests and dividends.