20+ Fast-Growing Businesses in Kenya | Latest Research

Introduction to Fast-Growing Businesses in Kenya

There’s a buzz in the Kenya’s business environment! New technologies, more urbanization and shift in customers’ tastes are some factors leading to rapid growth in some business sectors. If you are considering on establishing a business in Kenya, then it would be wise to focus on these emerging market parts. They will possibly provide you with great opportunities for success. Let’s get into the details and look at some of the most promising business ideas in Kenya today and also you may need to know some of the worst business you should not start in Kenya.

20+ Fast-Growing Businesses in Kenya

1. Renewable Energy

The sky is the limit, where the prospects of Kenya’s energy sustainability are concerned! More and more people there want clean types of energy and this includes solar energy. This means large market prospects for those businesses who are able to:

• Put up solar panels
• Repair and service solar systems
• Deal with solar electric power apparatus like bulbs, phone, and lantern chargers etc

As electricity bills increase and the global warming issue becomes a concern to many, solar energy businesses in Kenya seem to be on the rise.

2. Healthcare and Telemedicine

There’s no denying that the outbreak of Covid-19 and the emergence of the COVID-19 CHS BLP changed the perception on healthcare. This has led to a high appetite for ways to seek medical attention even while in the house. This has provided opportunities for businesses in:

• Telemedicine
• Health monitoring applications
• House call services

With these innovative health technology devices, people will be more healthy even if they do not go to a doctor’s clinic.

3. Agribusiness and Food Processing

Farming is being taken to another level in Kenya. There is great potential in industries involved in taking farm produce and processing it into delicious convenient meals. Some hot areas include:

• Green house vegetable farming
• Broiler and layer poultry farming
• Aquaculture in ponds and tanks

These businesses are supporting citizens’ needs as the population grows and also exporting to other countries.

4. Real Estate and Property Development

As more people shift to urban areas, the urge to acquire domicile and office space is on the raise. That is good news if you are in any of the following:

• Construction of new houses or flats
• Real estate management on behalf of landlords
• Provision of ancillary services such as cleaning and repairs of homes

Since a large segment of the population in Kenya has joined the middle class, demand for housing and housing related service is increasing.

5. Tourism and Hospitality

The beauty of Kenya’s landscapes and the scarcity of wildlife are both pulling back in tourists after a tough few years. These are creating opportunities in :

• Nature based resorts/hotels and conservancies
• Specialized tours and and cultural adventures
• Itineraries preparation assistance

Businesses focusing enabling people to visit Kenya in a responsible manner are getting a lot of customers both from the residents and international tourists.

6. Education Technology (EdTech)

It is not a surprise that the methods of teaching and learning in Kenya are coming to the 21st century! Since many people prefer taking education via internet, there are great opportunities in :

• Site for offering various courses and lessons
• Private interactive sessions with a tutor using online tools
• Skill based applications

People of all ages desire access to education regardless of whether they are school-aged children or adults seeking training for a new job and Ed-Tech is facilitating overwhelming accessibility to education.

7. Transport and Logistics

As the number of buyers who listen to the thrill of online shopping increases, the number of people that require goods to move also increases. This is good for the growth of businesses involved in :

• Delivery services
• Inventory control
• Software for shipping status updates

Be it delivery services for food groceries to homes or even assisting large corporations with internal logistics and distribution processes, there is an ever growing need for transportando logistics enterprises.

8. Waste Management and Recycling

Keeping Kenya clean is becoming big business! There’s growing interest in companies that:

• Collect and sort trash
• Turn waste into useful products
• Help businesses reduce their waste

These eco-friendly businesses are not just good for the planet – they’re also creating jobs and solving big problems.

9. Fashion and Beauty

Kenyans are getting more style-conscious, and that’s great for fashion and beauty businesses. Opportunities are growing in:

• Clothes made from local materials
• Natural beauty products
• Online fashion stores

Businesses that offer unique, sustainable fashion and beauty items are catching the eye of Kenyan shoppers.

10. Fintech Solutions

Money is going mobile in Kenya! Financial technology, or fintech, is changing how people handle money. Hot areas include:

• Mobile banking apps
• Easy ways to pay with your phone
• Small loan services

From street vendors to big businesses, everyone’s looking for easier ways to handle money, and fintech companies are leading the way.

11. E-commerce and Online Retail

Shopping online is becoming more popular in Kenya every day. This means there’s a big chance for smart business people to start online stores.

You could sell all sorts of things online:

• Handmade crafts
• Electronics
• Clothing
• Food and groceries

The key is to find something special that people want but can’t easily get in regular shops. Maybe you know where to find unique local products, or you’re great at spotting the next big trend.

Remember, you don’t need a huge warehouse to start. Many successful online stores begin in someone’s spare room!

12. Digital Marketing Services

As more businesses move online, they need help to stand out. This is where digital marketing comes in.

If you’re good with social media or know how to make websites show up in Google searches, you could start a digital marketing business. You might offer services like:

• Managing social media accounts
• Creating interesting content for websites
• Helping businesses appear in search results
• Running online ad campaigns

The great thing about digital marketing is that you can often do it from home with just a computer and internet connection.

13. Aquaculture

Fish farming is on the rise in Kenya. It is an alternative food production method that does not require large amount of land and water.

In this business, companies such as Victory Farms are illustrating the potential of aquaculture. They are farming tilapia and catfish using aquaculture methods that are environmentally sustainable and enhance food security.

If you have a parcel of land which is adjacent to water, or enough room including a big backyard, then beginning a small fishery business should not be a challenge. With time and experience, you may use this pedestal to be supplying fish for the local markets or restaurants.

14. Local Delivery Services

Today, many people order groceries and food through the apps as compared to a few years ago. Therefore, fast delivery service is highly demanded nowadays.

For instance, you can start a business that carries/ delivers:

• Grocery items
• Food from restaurants
• Shopping packages bought online.

Only a bicycle or motorcycle and mobil phone is required in the beginning. These driver and vehicles can be added as your business expands.

15. Online Consulting Services

There’s a huge number of people and companies requiring professional opinions but do not want to see their advisors in person; and that’s what online consultancy is for.

If there is something that you are a specialist in business, finance or marketing, you may decide to put forth your counsel on the internet. You can:

• Have video conferencing with clients
• Prepare briefs or strategic plans
• Instruct through e-learning

One of the wonderful things about online consulting is that you can do it with clients from all co’s of внутрішня консультаційна діяльність within the country or even outside the country. Therefore anyone willing to work on line too can reach out to the people around.

16. Home Improvement Services

You could start a business that offers:

People are spending more time at home these days, and many want to make their homes nicer. This means there’s a growing need for home improvement services.

• Home repairs and renovations
• Painting and decorating
• Gardening and landscaping
• Home organizing and decluttering

If you’re handy with tools or have a good eye for design, this could be a great business for you.

Subscription boxes are a fun new trend. People pay to get a box of surprise items delivered to them regularly.

17. Subscription Box Services

You could create subscription boxes for all sorts of things:

• Local snacks and treats
• Beauty products
• Books
• Craft supplies

The key is to find a theme that people are excited about and to include items that feel special and valuable.

18. Fitness and Wellness

More and more Kenyans are focusing on their health and fitness. This creates lots of business opportunities.

You might start:

• An online fitness coaching service
• A healthy meal delivery business
• A wellness app that helps people track their health goals
• A yoga or meditation class (in person or online)

The great thing about this area is that you’re helping people feel better while also building a business.

19. Pet Care Services

Kenyans are falling in love with pets, and this means more demand for pet care services.

You could start a business that offers:

• Dog walking
• Pet sitting
• Grooming services
• Pet training classes

If you love animals, this could be a really fun and rewarding business to start.

20. Local Artisanal Products

There’s growing interest in unique, locally-made products. This is great news for artists and craftspeople.

You could create and sell things like:

• Handmade jewelry
• Traditional cloth and clothing
• Homemade jams or sauces
• Carved wooden items

The key is to make things that are special and high-quality. You could sell these online, at local markets, or even export them to other countries.

Examples of Businesses That Have Grown Fast in Kenya

1. Wasoko

Wasoko connects small shops in Africa with suppliers. It helps shop owners get products fast and at a lower cost using a digital platform.

2. Flocash

Flocash offers online payment solutions. It helps businesses in Africa accept payments securely and efficiently across different channels.

3. Victory Farms

Victory Farms is a fish farming business. It produces tilapia fish in Lake Victoria and sells them at affordable prices to local communities.

4. Lori Systems

Lori Systems is a logistics company. It uses technology to make the movement of goods across Africa easier and more cost-effective.

5. BasiGo

BasiGo is transforming public transport with electric buses. Their buses are eco-friendly and help reduce pollution in cities.

6. Zuri Health

Zuri Health provides online medical services. It connects patients with doctors through an app, making healthcare more accessible.

7. Ilara Health

Ilara Health offers affordable diagnostic tools to small clinics. Their tools help doctors in rural areas provide better care.

8. Watu Credit

Watu Credit provides asset financing to small business owners. They help people get loans to buy motorcycles and other assets needed for work.

Conclusion

Amazingly, we have explored plenty of fascinating and scalable business opportunities in Kenya. From more sophisticated ideas such as fintech and e-commerce to more traditional activities such as farming and craft work, one will find plenty to do.

The best business for you, don’t forget, is the one where your skills and interests meet the demand of the market. Identify your strengths and the activities that give you joy. Afterwards, go through this list and see where those things could be incorporated.

Never beginning a business is simple, however it is worth it. There is, in Nduma’s estimation, effort and education and a small luck factor. However considering there are a lot of extending sectors of the economy in Kenya today has never been any better to do it.

So which of these ideas excites you the most? Whatever option you select, we wish you the best as you take on the world of businesses!

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