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The 5 ways to get filthy rich legally in Kenya
Rank: Member Joined: 1/22/2015 Posts: 682
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These are the only ways you will live in Runda/Nyari, drive your S Class and wear Egyptian cotton, within the law. In order of difficulty:
1. Get an international monthly pay grade, while still living in Kenya
if you can somehow get salary after tax and deductions of above 50,000 USD per year or equivalent in shillings, you'll be set to do anything in Kenya.
Hindrances: these types of jobs are not just lying around, and the ones that offer this pay are super competitive
2. Power couple
Say you are making 300k, date or marry someone who is also making 6 figures, mtakuwa sawa.
Hindrances: Kenyan men traditionally date down. Way down. Aggressive career women making 6 figures are also not that many.
3. Own or manage a business selling an essential good or service
In Kenya, you'll only make big money selling essentials. The typical Kenyan budget does not have much room for stuff outside essentials. This also goes for b2b budgets. Be a Chandaria(large shareholder) or a Collymore(chief executive) at a firm selling essentials, utakuwa sawa.
Hindrances: these businesses usually require enormous amounts of capital and experience to start, buy into, or run. Also super competitive.
4. Own or manage a business selling an addiction
Same gist as point number 3, but now we're talking of addictive substances or services like alcohol and gambling. These do very well in a poor country like Kenya because they provide an escape for the disillusioned citizens.
Hindrances: same as number 3
5. Tenderpreneurship
I'm not talking of the phantom tenders where nothing is delivered. Those are completely illegal and don't fit into the criteria here. I'm talking of the tenders where you deliver, but skim profits off the top. Huge money to be made here.
Hindrances: you need political patronage to get in. Foreign competition is also willing to pay massive bribes to secure the tenders. The deal takes ages to complete, with massive uncertainties along the way.
Those are the 5 legal ways to make big money in Kenya. Of course there is the ukora ways of politics, conning, stealing, counterfeiting, land grabbing etc, but that is a separate discussion. If I've missed any legal ways, feel free to add them. Remember, we are talking big money here, not 100k per month.
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Rank: Elder Joined: 12/17/2009 Posts: 3,583 Location: Kenya
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mimi husikia you can become a zuckerberg huko iHub.
you also left out farming and the NSE.
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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Mike Ock wrote:These are the only ways you will live in Runda/Nyari, drive your S Class and wear Egyptian cotton, within the law. In order of difficulty:
1. Get an international monthly pay grade, while still living in Kenya
if you can somehow get salary of above 50,000 USD per year or equivalent in shillings, you'll be set to do anything in Kenya.
Hindrances: these types of jobs are not just lying around, and the ones that offer this pay are super competitive
2. Power couple
Say you are making 300k, date or marry someone who is also making 6 figures, mtakuwa sawa.
Hindrances: Kenyan men traditionally date down. Way down. Aggressive career women making 6 figures are also not that many.
3. Own or manage a business selling an essential good or service
In Kenya, you'll only make big money selling essentials. The typical Kenyan budget does not have much room for stuff outside essentials. This also goes for b2b budgets. Be a Chandaria(large shareholder) or a Collymore(chief executive) at a firm selling essentials, utakuwa sawa.
Hindrances: these businesses usually require enormous amounts of capital and experience to start, buy into, or run. Also super competitive.
4. Own or manage a business selling an addiction
Same gist as point number 3, but now we're talking of addictive substances or services like alcohol and gambling. These do very well in a poor country like Kenya because they provide an escape for the disillusioned citizens.
Hindrances: same as number 3
5. Tenderpreneurship
I'm not talking of the phantom tenders where nothing is delivered. Those are completely illegal and don't fit into the criteria here. I'm talking of the tenders where you deliver, but skim profits off the top. Huge money to be made here.
Hindrances: you need political patronage to get in. Foreign competition is also willing to pay massive bribes to secure the tenders. The deal takes ages to complete, with massive uncertainties along the way.
Those are the 5 legal ways to make big money in Kenya. Of course there is the ukora ways of politics, conning, stealing, counterfeiting, land grabbing etc, but that is a separate discussion. If I've missed any legal ways, feel free to add them. Remember, we are talking big money here, not 100k per month. In the corporate world there are many ladies with six figure salaries
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Mike Ock wrote:These are the only ways you will live in Runda/Nyari, drive your S Class and wear Egyptian cotton, within the law. In order of difficulty:
1. Get an international monthly pay grade, while still living in Kenya
if you can somehow get salary of above 50,000 USD per year or equivalent in shillings, you'll be set to do anything in Kenya.
Hindrances: these types of jobs are not just lying around, and the ones that offer this pay are super competitive
2. Power couple
Say you are making 300k, date or marry someone who is also making 6 figures, mtakuwa sawa.
Hindrances: Kenyan men traditionally date down. Way down. Aggressive career women making 6 figures are also not that many.
3. Own or manage a business selling an essential good or service
In Kenya, you'll only make big money selling essentials. The typical Kenyan budget does not have much room for stuff outside essentials. This also goes for b2b budgets. Be a Chandaria(large shareholder) or a Collymore(chief executive) at a firm selling essentials, utakuwa sawa.
Hindrances: these businesses usually require enormous amounts of capital and experience to start, buy into, or run. Also super competitive.
4. Own or manage a business selling an addiction
Same gist as point number 3, but now we're talking of addictive substances or services like alcohol and gambling. These do very well in a poor country like Kenya because they provide an escape for the disillusioned citizens.
Hindrances: same as number 3
5. Tenderpreneurship
I'm not talking of the phantom tenders where nothing is delivered. Those are completely illegal and don't fit into the criteria here. I'm talking of the tenders where you deliver, but skim profits off the top. Huge money to be made here.
Hindrances: you need political patronage to get in. Foreign competition is also willing to pay massive bribes to secure the tenders. The deal takes ages to complete, with massive uncertainties along the way.
Those are the 5 legal ways to make big money in Kenya. Of course there is the ukora ways of politics, conning, stealing, counterfeiting, land grabbing etc, but that is a separate discussion. If I've missed any legal ways, feel free to add them. Remember, we are talking big money here, not 100k per month. @Mike Ock, Earning Usd 50K p.a. (300K in the bank) will not get you past a rental in kileleshwa. I know so many people who earn such and live in Kile, South B, C. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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obiero wrote:Mike Ock wrote:These are the only ways you will live in Runda/Nyari, drive your S Class and wear Egyptian cotton, within the law. In order of difficulty:
1. Get an international monthly pay grade, while still living in Kenya
if you can somehow get salary of above 50,000 USD per year or equivalent in shillings, you'll be set to do anything in Kenya.
Hindrances: these types of jobs are not just lying around, and the ones that offer this pay are super competitive
2. Power couple
Say you are making 300k, date or marry someone who is also making 6 figures, mtakuwa sawa.
Hindrances: Kenyan men traditionally date down. Way down. Aggressive career women making 6 figures are also not that many.
3. Own or manage a business selling an essential good or service
In Kenya, you'll only make big money selling essentials. The typical Kenyan budget does not have much room for stuff outside essentials. This also goes for b2b budgets. Be a Chandaria(large shareholder) or a Collymore(chief executive) at a firm selling essentials, utakuwa sawa.
Hindrances: these businesses usually require enormous amounts of capital and experience to start, buy into, or run. Also super competitive.
4. Own or manage a business selling an addiction
Same gist as point number 3, but now we're talking of addictive substances or services like alcohol and gambling. These do very well in a poor country like Kenya because they provide an escape for the disillusioned citizens.
Hindrances: same as number 3
5. Tenderpreneurship
I'm not talking of the phantom tenders where nothing is delivered. Those are completely illegal and don't fit into the criteria here. I'm talking of the tenders where you deliver, but skim profits off the top. Huge money to be made here.
Hindrances: you need political patronage to get in. Foreign competition is also willing to pay massive bribes to secure the tenders. The deal takes ages to complete, with massive uncertainties along the way.
Those are the 5 legal ways to make big money in Kenya. Of course there is the ukora ways of politics, conning, stealing, counterfeiting, land grabbing etc, but that is a separate discussion. If I've missed any legal ways, feel free to add them. Remember, we are talking big money here, not 100k per month. In the corporate world there are many ladies with six figure salaries How marriable are these? For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 10/3/2008 Posts: 4,058 Location: Gwitu
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Kindly list the illegal means .Hizi umetaja ni ngumu kidogo. Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Rank: Member Joined: 1/22/2015 Posts: 682
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nakujua wrote:mimi husikia you can become a zuckerberg huko iHub.
you also left out farming and the NSE. ihub ni pr tu. What the few successful ones are doing is to create apps that appeal to NGOs, secure donor funding and pay yourself international salaries with the donor funds Farming and NSE fall under owning/managing a business that deals with essential goods and services
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Socialite  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 1/22/2015 Posts: 682
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Obi 1 Kanobi wrote:Mike Ock wrote:These are the only ways you will live in Runda/Nyari, drive your S Class and wear Egyptian cotton, within the law. In order of difficulty:
1. Get an international monthly pay grade, while still living in Kenya
if you can somehow get salary of above 50,000 USD per year or equivalent in shillings, you'll be set to do anything in Kenya.
Hindrances: these types of jobs are not just lying around, and the ones that offer this pay are super competitive
2. Power couple
Say you are making 300k, date or marry someone who is also making 6 figures, mtakuwa sawa.
Hindrances: Kenyan men traditionally date down. Way down. Aggressive career women making 6 figures are also not that many.
3. Own or manage a business selling an essential good or service
In Kenya, you'll only make big money selling essentials. The typical Kenyan budget does not have much room for stuff outside essentials. This also goes for b2b budgets. Be a Chandaria(large shareholder) or a Collymore(chief executive) at a firm selling essentials, utakuwa sawa.
Hindrances: these businesses usually require enormous amounts of capital and experience to start, buy into, or run. Also super competitive.
4. Own or manage a business selling an addiction
Same gist as point number 3, but now we're talking of addictive substances or services like alcohol and gambling. These do very well in a poor country like Kenya because they provide an escape for the disillusioned citizens.
Hindrances: same as number 3
5. Tenderpreneurship
I'm not talking of the phantom tenders where nothing is delivered. Those are completely illegal and don't fit into the criteria here. I'm talking of the tenders where you deliver, but skim profits off the top. Huge money to be made here.
Hindrances: you need political patronage to get in. Foreign competition is also willing to pay massive bribes to secure the tenders. The deal takes ages to complete, with massive uncertainties along the way.
Those are the 5 legal ways to make big money in Kenya. Of course there is the ukora ways of politics, conning, stealing, counterfeiting, land grabbing etc, but that is a separate discussion. If I've missed any legal ways, feel free to add them. Remember, we are talking big money here, not 100k per month. @Mike Ock, Earning Usd 50K p.a. (300K in the bank) will not get you past a rental in kileleshwa. I know so many people who earn such and live in Kile, South B, C. Fair enough. I've changed to 50k USD after taxes and deductions. Around 450k net basically. Which is around 700k gross.
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