I suggest acquiring a piece of Land in Lamu.With the word of construction of a second port there that is scheduled to start in March, speculation has caused a rally in the land prices.
I was reading in the papers that the land that is in the periphery of where the port is to be built was worth 100k @acre in 2009 and by the end of last year it was 10m.
I am planning to buy land there at a place called Mpeketoni.its about 30km from proposed port area but still has high speculation.last time i checked (end of December last year) an acre was going for 350k

Hey guys.Thanks alot for your advice.I really appreciate this forum.I will digest all the advice and I'm sure I will come up with something worthy.

@sanity...I hope you take from the forum what you need to hear and not what you want to hear!

Good luck....comeback sometime and tell us how it has gone.

@sanity,considering the amount,investing in real estate especially commercial may be a huge mountain,tho not impossible as you could buy a smaller land say in kitengela,do 2units (2b/r and 1b/r)which cld fetch upto 25k monthly .OR You could consider getting a mortgage,am not sure how housing finance does it.

@sanity,walk the villages of kenya and find where banks havent reached.Fungua equity agencies plus combine with all other pesa agencies.The idea is, invest in a business with a running system, a franchise (kenchic inn) .Maybe after you grow your money ,invest real estate.But above all,invest your money where your heart is!