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Small Business Ideas In Kenya by Kingsleyumeh007(m): 3:15pm On Nov 12, 2018
Are you an entrepreneur or investor? Looking for the best small business ideas in Kenya to start with? If yes, here is the list of best small business opportunities in Kenya to invest in.

Kenya is a country located in East Africa and has about 49.7 million population as at 2017.

As an entrepreneur or investor who is willing to start any kind of business in Kenya, it will be very ideal of you to get to know the benefits and challenges you would face when running a business in Kenya.

Here are the reasons and facts about starting a small business in Kenya that you will find useful

1. Kenya was ranked as number 92nd of ease of doing business by World bank in 2017.

2. Kenya's economy has seen so much expansion by strong performance in tourism, telecommunications, and higher educations. This will be a good sector for entrepreneurs and investors to explore more

3. The agricultural sector is the largest employer in Kenya, contributing 25.3% of the gross domestic product in 2014

4. Kenya is generally considered to be the economic, commercial and logistics hub of East Africa.

5. With a strong diversified economy, Kenya has become the center and headquarters for many industries in the area.

6. Kenya has a low-risk investment environment

7. Kenya is the most advanced and largest economy in East and Central Africa, with strong growth prospects supported by an emerging, urban middle class.

Challenges you will face when running your small business in Kenya

1. Insecurity: Safety and security has recently been a major concern in Kenya, most especially in the city of Nairobi

2. Limitations to infrastructure

3. High level of corruption

4. Lack of advanced technology

5. Poor road networks

6. The high rate of competition: So be ready to adapt and know how to overtake your competitors

7. The high cost of doing business ( such as taxes and access to business funds)

8. Counterfeiting of products

Read more: https://www.gistdeck.com/2018/11/small-business-ideas-in-Kenya.html#ixzz5WeLsxZeP

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