The Only Two Investment Option to Get Rich in Kenya

Everybody wants to be rich: a robber, teacher, engineer, idler, politician etc. The only difference is the method we choose to accomplish this universal dream.

Before we embark on the two investment methods of getting rich in Kenya, let us all appreciate that everybody wants to be rich and that human beings are naturally selfish. With that in mind, it follows that nobody will help you to be rich - you have to work hard and smart to be wealthy.

In Kenya, right from nursery school to campus you are prepared by your tuitors to be employed by somebody. You were taught to be smart (atleast in your school uniform), to be an early riser, to be disciplined and show utter respect to those in authority. When you pass high school with flying colours, you are invited to the University to study law, medicine and engineering. While here, they don't teach you how to start your own lawfirm, how to open and run a medical clinic or how to build an archictural firm. They teach you how to be servants, how to take instructions from your bosses and turn them into results. Your masters are the government (if you are lucky) or a mix of enterprenuers at Industrial area or upperhill.

While the instructions you received in school are enough to put milk and bread on your table, employment is never going to make you wealthy. The only two investment areas which will put real money in your pocket are entreprenuership and politics. Look the world over for the very wealthy individuals and you will agree with me. From Billgates of Microsft, Richard Brandson of Virgin Atlantic, Uhuru Kenyatta, the late Kirima, the Odinga family, Charles Njonjo, Kenneth Matiba, Daniel Arap Moi, Nicholas Biwot, Moody Awori, the list is endless.

Entreprenuership: this is one important area rarely taught in our schools. When they hint at it is a little too late. It is not uncommon to hear our leaders make speeches,  during graduation, advising young graduants not to expect jobs out there instead go and creat jobs. This is a fellow who has been, for the past 20 years, prepared psychologically to be employed and then you change the tune the last day. Seriously?
All the challenges not withstanding, entreprenuership is a very easy means to get rich. It only requires that you be conversant with the needs of your society and then devising away of supplying them at a cost. You do not have to be in Nairobi to succeed, you can identify a problem in your village, solve it, and the villagers will always reward you with cash. The key pillars of entrepreurship are problem (which are all over Kenya), Solution (which is where you come in) and reward (which will depend on the society's ability and willingness to pay for the product/service).
Hint: There are 30,000 digital tv setboxes in the country today. Nairobi alone has over 2,0000,000 (2 million) viewers. Do the math, get the difference and see what you can do with it before the new Febraury 2014 switchoff date.

Politics: politics, especially in Africa, is a lucrative business. All you need is a loud voice, a group of youthful campaigners, and four to five harambees to prove your willingness to 'serve' the society. Going by the hefty pay our MPs, senetors and county assembly representatives get, you will be rich within the first 5 year and a re-election campaign will not be neccessary. Couple this with their unethical ways of winning tenders for services they can't provide and supply of goods they can't distinguish, politics automatically qualify you as an entreprenuer and that comes with financial reward. Corruption and looting of public coffers have enlarged the bellies of most African politician.
So, how can you make money here? The money is seasonal, so you will have to wait until 2017 or put your ears out for any bi-election in your county. Meanwhile, you can start investing in harambees to start popularising yourself.

My Encounter With Muthurwa Hawkers

It was sotime in 2008 when i first stepped foot in Muthurwa and the welcome was amazing. Every hawker was screaming to the top of his/her voice inviting to buy, or the least, have a look at their wares. I felt more like a tourist in my own country - everybody was interested in pleasing me.
I had always heard of Gikomba and Muthurwa as the hawkers paradises. Tales in the villages had it that in Muthurwa and Gikomba, nice suits that Nairobians came wearing during Christmas, cost no more than ksh. 100 per piece. Children clothings, basic Tshirts and blouses will trade for between ksh. 5 to 10.
I came to Nairobi much earlier (even before Muthurwa was constructed), but being a resident of the western side of Nairobi, it took me very long to undertake this expeditous venture. Children west of Uhuru highway are prohibited from waliking beyond Moi avenue, I was made to understand. During this particular day, though, I felt I had grown big enough to take good care of myself and with security rising in Nairobi, I had no reason to hold back my adventure spirit. 
Back to the hawkers, I was called, pulled closer and persuaded to buy absolutely everything. From women bras to children socks. Obviously I didn't have anything specific to buy but decided to try out a pair of trouser. The vendor had pulled me closer to him and was busy showing me all types, sizes and colours of trousers, even before I made my mind to buy one. To him, all the trousers he was holding would fit and look good on me irrespective colour and size. He had guesssed that I was wearing size 32, which was true.
Searching through the bundle of cloths, I managed to spot a grey 'official' trouser. It was neatly sewn. The measuring tape on the vendors neck confirmed it was size 32. I paid ksh. 900 for it , which was lower than what we pay at Westgate by some hundreds.
I was disappointed that I did not get the deal I used to hear in the villages, but consoled myself that the price could have been much lower had I burgained further. This was a disappointment but what followed left me laughing at my self.
On reaching home, I went straight to my bedroom to fit the new cloth. The grey trouser went up with an amazing ease and came down much easier. The waist was too big for the slender boy I was. How did the hawker trick me into buying something that big? Didn't he confirm it with his tape? I struggled with so many questions and thoughts. I even thought of returning the trouser to the vendor the next day but shelved the idea since I could not remember the location of the hawker in busy Muthirwa market. A tailor who was to reduce the waist discovered it was size 38 and could not fit me unless it was tailored afresh. I discarded the cloth at his stall.
Experience taught me that Muthurwa is not for people like me. People who cannot burgain to save their dear life. And from that day, I have never gone back to Muthurwa except on special occasions when Foward Travellers buses abondon me in Muthurwa bus station. (I have since moved to Eastlands). I have never alighted at Gikomba and do not plan to go there in the near future.

Buying fron Hawkers in Kenya: Cons and Pros

The streets of major towns and cities in Kenya are littered by 3 groups of people; preachers, hawkers, beggers and idlers. As economy bites, the third and fourth groups are diminishing. However, the number of hawkers are going to reduce any time soon.

Hawking business in Kenya has been  facing major challenges and especially from the county askaris who nets and bundle the street vendors and their wares to the patrol vans. More often, you
will encounter Nairobi hawkers dropping their wares as they scrumble for safety, away from the city county authorities. The vendors in these streets have however out beaten the county askaris to some extent. For instance in Nairobi, the hawkers usually display their goods on some collapsible curton boxes. This means that the pedlers in can easily dismantle the display, gather their wares and disappear into the dark corridors before getting caught by the askaris.

In as much as the county governments in Kenya are working
towards containing the street vendors in one strategic position in the towns (Muthurwa, city park and Ngara in Nairobi), we all must admit these street sellers can save the day in numerous ways.

The importance of hawkers in our society is huge. You will readily find affordable goods in the streets without putting in too much search effort. Moreover, hawkers sometimes sell distinctive goods making sure that you do not join the 'Kenya Uniform' bandwagon.

Hawkers offer variety, affordability, and convinience that is second to none.

Limitations of Buying from hawkers

Not all is rosy in buying stuff from our street vendors. It is from a hawker where you buy a trouser which is just your waist size (measurement confirmed by the measuring tape on the vendors neck) only to reach home and find that the trouser is twice your waist size.

I recently bought an energy saver bulb along the streets of Nairobi on reaching home the bulb didn't even light.

You may also buy an umbrella, when found offguard by rain, which will only lead you to the bus stop before it breaks to pieces.

Sometimes you lose your money before you even purchase the ware. Pick pockets in our streets can make your shopping spree a nightmare.

In a nutshell, the quality of products you buy from hawkers is not gauranteed and worse still, there is no warranty. You buy it today, it is defective, tomorrow you look for the vendor and he/she is nowhere. Moreover, your safety and that of your money is not gauranteed. You will be knocked down by the same seller when county askaris strike.

All said, shopping from street vendors is a risk but most people will do it to save cost. If you plan in buying fruits and other foodstuff, you will get the best price at almost the same quality. For clothes, jewelry and footwear, you will get low quality at low cost. For electronics and electrical equipment, do not even think of buying one from a hawker.

Latest Business Ideas for Kenyan Women Wishing to Make That extra cash

Online home based businesses are the latest business ideas for the mums who stay at home as housewives or those retired. These women, some in their 50s, make good money online through these home based jobs they do during their free time. It is as easy as having internet enabled computer and some knowledge on how to use it. Most of these jobs are freelance therefore you are the person to decides when to do it.
Now, how can you tap this extra money in Kenya? The answer is just next.

Freelance writing: With the growth in number of websites, there is a high demand for content to fill these pages. All you need is experience in any field and good grammar and writing skills. You can sign up in these freelance writing sites, write and submit articles for some dollars.

Writing Blogs: How about expressing your feelings on topics of interest and making money out of it? All you have to do is create your own blog and share these ideas you got on fashion, food, politics and parenting tips. You can also sell items on their blogs.

Online stores: You can sign up with Amazon, eBay and Craigslist, just to mention a few, after which you can sell new or used products or become online dealers.

Secretarial and administration works: Very much suitable if you have some training in these fields. You can work as data entry personnel, secretary or administrator.

Writing E-books: If you have a passion and talent to write, you can write e-books on your preferred topic or area of study and sell this opinion or knowledge to the world.

If you are a woman at home, the internet is not just for entertainment and research, you can do some real good business with it.

Finding Legitimate Online Business Opportunities in Kenya

The internet today is home to numerous scam as well as legitimate online business opportunities. So, if you are looking for legitimate online business opportunities in Kenya, there are some tricks you can use to ascertain the legitimacy of the site.

How To Ascertain the Opportunity is Legitimate 

1. When the deal look too good think twice. It is unrealistic that you can make a whopping ksh.500,000 in your first two weeks or a month, in a business you have no prior experience in. Any site trying to woo you with such enormous earning is possibly a scam.
2. Search the website to see if it has any contacts like phone numbers, email address, and most importantly a physical address. Try sending a message to this email address expressing your interest in the business.
3. Search for the logo of the business from reputable bodies on the internet like truste.org, Alexa Ranking and Better Business Bureau. Click on this logo to get more information about the company.
4. Check if the site offers any guarantee or free trial for some period. Also check if they offer any training, as this is vital if you are new to internet marketing.
5. You may also sign up for their free newsletter to help you understand the company and also connect you to your referrer.

It is always to your own advantage to invest time on studying these opportunities before parting with your hard earned cash.

The Basics of Conveyancing in Kenya

Conveyancing is the lawful transfer of property title from one person or a legal entity to another. It is usually a process worth paying for. For instance, if you are buying a house, it is always import to ensure that the sellers have the legal rights to do so. It also offers quicker and smoother transaction during purchase or sale of a property.
Since you cannot evade this process, it is only advisable to look for ways of saving money and time as you go through this vital process.
If you are here in Kenya and you need conveyancing services you may consider doing it online or at physically at the company's address. Online conveyancing services are both cost effective and fast. However, each transaction for a particular property can vary greatly - as the professionals search for title deeds and verify them.
The following are some key points you may need to know before doing this transaction:

What's the Cost of Conveyancing in Kenya?

The conveyancing cost varies just as the companies which offer them and the nature of the transaction. Conveyancing fee in Kenya is charged at a rate of 1,250 per lease, exclusive of legal fees. The legal fees will however depend on the Conveyancing firm. Lower fees are possible when dealing with larger firms with high transaction volumes. High costs do not usually translate to better services. So it is advisable to choose a company with proven reputation other than an expensive one.

Stages in Conveyancing
Whether you are doing these transactions online or at the company's physical address, there are three stages that conveyancing will have to follow:

1. Pre-exchange: At this stage, the original draft is considered to be negotiated by the involved parties. It includes details on the parties involved, costs, the seller's title deed and the amount of deposit to be paid. It is important to get a copy of the contract from your solicitor before making an agreement. When all these enquiries are through and both the parties are satisfied, an official mortgage offer is launched.

2. Exchange of contracts: With everybody satisfied, the contracts are signed and exchanged, and finally the buyer pays the deposit. This legally binds the two parties into a contract. The transfer documents are drawn up, transferring the title from the seller to the buyer and must be signed by both parties. Next, the mortgage documents are signed and then final enquiries are made to make sure there are no undisclosed mortgages or any other thing registered against the seller.

3. Completion: The property is handed over to the buyer and the seller has to move out the same day, if he hadn't. The payment must also be completed then the buyer receives the title deeds and a copy of the transfer documents. Extra costs like stump duty and land registry fee will need to be covered. Finally, the conveyancing solicitor carry out his due to of informing relevant authority of the transaction, paying stamp duty, registering the new ownership at the lands registry and sending the buyer a certificate of completion.

Which Law firms Offer Conveyancing Services in Kenya?

The list of law firms offering conveyancing services in Kenya is long and so may not be exhausted in this post. However, below are examples of firms you can contact for these services:

• CFL Advocates
• B M Mutie & Co. Advocates
• A F Gross & Company Advocates
• Kalinga & Company
• KN Associates LLP, Advocates & Notaries Public
• Mumbi Mionki & Co. Advocates
• Munyi Kithaka & Company Advocates
• Mwagambo & Okonjo Advocates
•  Omari Muumbi & Kiragu Advocates + +254 (020) 5201656
•  Rachier & Amollo Advocates + 254 20 2716012-6
•  Ratemo & Company Advocates -  +254 736708999
• Ratemo & Mberia Advocates
• RM Mutunga and Company Advocates
• Wambua & Maseno Advocates

The domestic conveyancing market in Kenya is price competitive, with a large number of conveyancing companies and solicitors offering similar services. It may also be tempting for one to try out 'conveyancing' for themselves but this may lead to unnecessary legal tussles.