Top 30 Best Towns in Kenya To Do Business
Are you dreaming about launching a small business venture? Okay, now you must know that you just need to find the best place for your small business. A good place for a small company will have characteristics such as quality utilities, low rental costs, a promising future, well-trained and easily available employees.
Many people believe that Nairobi, the capital of the country and the financial centre, is the place to be when it comes to tourism. When you're looking to start your own business, finding the best place to shop is a crucial step. We have built cities and communities that are the hotbed of emerging entrepreneurs in Kenya.
Look at attractive features such as: low cost of living, decent services, a bright future and, most notably, a well-trained workforce. Please note that, despite their popularity among the emerging start-ups, many cities such as Kakamega, Nakuru and Nairobi have failed to make cuts for a number of reasons.
According to data previously presented by the World Bank Organization, the three cities are all dealing with long recognition procedures and high prices that deny the growth and traction potential for small and medium-sized enterprises.
Small enterprises are thriving in Kenya, but some cities are suitable for rising firms. In order for an entrepreneur to transform his company into a successful enterprise, the position of his company is very critical.
If you want to build a prosperous enterprise in Kenya and become rich, there are different cities where you need to start your business. Nairobi is an easy place to start up a business because of its scale and profit margin.
The following are some of the towns in Kenya that one can locate to and start a business. These towns will help you invest and reach where you intend to reach.
Nairobi is the largest city in Kenya and home to some 5 million inhabitants. The main hotels, government institutions, multinational firms, the United Nations and a variety of other businesses have offices in Nairobi. This means that if you set up a company, no matter how small it might be, you 're going to get traffic flow. Hotels, real estate, finance, restaurants, MPESA and matatu are two of Nairobi's most profitable businesses.
Situated 2 hours north of the capital city, Nyer's once quiet town is gradually coming back to life. The area is the perfect starting-up recipe for agribusiness and agribusiness owing to its low cost of life and its rich agricultural hinterland.
Large educational institutions are starting up in the region, and this is slowly increasing the demand for accommodation, particularly for single rooms. Small business projects that are doing well in Nyeri include: poultry farming, rising onion, rabbit production and low-end real estate.
Previous World Bank studies have rated Nyeri as the sixth best city in terms of building permits and the ten quickest to grow.
Although Kilifi rarely shows news reports from local small businesses, there are clear signs that Kilifi is a giant in the making. This is attributed to its strategic geographic location on the coasts of the Indian Ocean, about 60 kilometers from the largest port of the country.
The resort town enjoys considerably lower county government rates than its neighbors and is conveniently linked to Moi International Airport, Malindi Airport, the modern port of Lamu and the current Broad Gauge Railway Line.
At least 7 banks have already established a shop in Kilifi ready to provide much-needed financing for start-ups in and around the country.
Past World Bank surveys also identified Kilifi as the third best location to start a business after Isilo and Thika. Steakhouse company and agribusiness (especially nut farming and exporting) are among the most attractive start-ups in the Kilifi budget.
Along with its geographical location in East Africa, Kisumu City has undergone an economic boom as people hurry to take advantage of a variety of opportunities. The city often sees the mushrooming of satellite towns, an indicator of growing competition for accommodation as a consequence of fast population development.
The growing middle class and recent developments in public infrastructure in the area have rekindled the city's fortunes, and it is high time for small business owners to compete for cash in their strategic role.
The previous World Bank study referred to Kisumu as the second best location in Kenya to start a company after Mombasa, but the most challenging to accomplish at an early point. Many people in Kisumu are customers, which ensure that 99 per cent of the companies you set up are effective.
On quiet days, Kisumu is the best place to start any kind of venture, the demand for any kind of product is crazy. The positive thing about Kisumu is that not everybody is business-oriented, which ensures there is fewer rivalry.
Some of the best businesses to start in Kisumu are:
Fast food restaurant
MPESA and bank agency business
Isiolo is rapidly rising to the top ten best small business cities in Kenya. The city is currently controlled by the Central and Upper Eastern market community, with the eyes focused on a potential development that will see it assume the position of Kenya 's leading resort region. Isiolo is also located in the heart of the South Sudan Port of Lamu, the LAPSSET route.
Earlier this year, the desert area saw the opening of its eight commercial banks, as financial firms scrambled to book accommodation for the future. It is not difficult for an investor to see how exciting the value of Isiolo is.
Once upon a time , the World Bank ranked Isiolo as the second easiest place to start a company.
In the light of Mombasa County's push to raise the prices of single-company registration, parking fees, ads and insurance by more than 100 per cent, the coastal town often supports wide-ranging business growth projects to carry start-ups to its boundaries.
Mombasa is one of the few fortunate cities in the world to have a specialist industrial conflict settlement tribunal. According to the World Bank report, Mombasa is the best place to record assets in Kenya.
The county is a hub of its type, and all major entities, like the NHIF, the Kenya Sea Port, and the Hudum Hub, have offices. Mombasa has a fairly decent network and the majority of courier facilities are available in far less than 24 hours from the capital city of Nairobi. The city and county as a whole are both nationally and globally competitive.
Mombasa is definitely one of the cities that you should consider setting up a business. The best part about the city is that it is a tourism destination, one of the most famous tourist destinations in the world. Without a question, the dollars of international and local visitors should crash into your pockets.
There is no doubt that Eldoret City is growing rapidly (in fact, according to a study of 50×100 plots in Eldoret 's CBD, it is now selling Ksh 100 million compared to Ksh 20 million almost five years ago). The speed of growth of the region, combined with the arrival of Eldoret International Airport, is the tailwind for the development of a city that suffered a great deal during post-election violence in 2007.
According to the World Bank report, Eldoret was once called the second best place to receive building permits and the fifth best place to conduct contracts.
Companies who sell cars, stationery and construction materials should find the Eldoret market very appealing.
The security issues of Garissa do not dissuade any futuristic innovator or investor. The remote region, situated approximately 200 kilometers from the border between Kenya and Somalia, provides major business opportunities.
Garissa County's real estate sector remains in its infancy. There is still clearly a shortage of prescription products. Nevertheless, the city enjoys relatively good transportation system and is strategically located next to the LAPPSET project, the port of Mombasa and the NEP border.
For the first and only time, Garissa was recognized by the World Bank as the strongest city in the nation to execute company contracts in third position when it did come to the decision to award of building permits to new companies.
Known for its great combination of pineapple and coffee plantations, Thika City is famous throughout the world for its powerful industrial production projects. It used to be the 78th greatest spot to do economy in the region since it has relatively less time-consuming processes, extensively in the areas of real estate database.
Cheaper rental prices, a good road network and proximity to the city, along with future plans to transform the place into an Aerotropolis, render it one of the most gorgeous places to start a shop.
Several of the smaller companies that occur to have been conducting well in or around reasons why digital involve transportation services, middle-income property development, building materials, ICT as well as supermarket products.
Thika ranked among Asia 's best manufacturing cities. Located in the suburbs of Nairobi, Thika has a wide range of businesses and a large client base. The establishment of a business in Thika requires the generation of money.
Narok, a tourism town adjacent to the popular Masai Mara Game Reserve, is renowned for its considerably reduced red tape in the business area. The World Bank once listed Narok as the 15th largest speculation endpoint in the realm behindhand Hong Kong , China.
The affluence of the issuance of a business license, the resurgence of the tourist sector and the proximity of the capital render Narok one of the most attractive cities for small businesses and start-ups.
Narok finalizes the list of cities that are best suited to make millionaires. The reason IS that this town is one of the best places to do business is because most of the Maasai Mara visitors make it their temporary home before they stay in town.
It is also where most matatus make temporary stops along the Kisii-Nairobi road. Narok is also a friendly area, which is also good for the industry.
Every broad local business model for the people of Narok and its surroundings revolves around the production of imported garments, the creation of cooking gas, the provision of standby fragments for motorbikes, cafeterias and inquisitiveness workshops.
Malaba is a tiny town in the western part of Busia County, Kenya. The resort town manages 70% of the road freight transport from and to the port of Mombasa to the nearby small islands of Uganda, Burundi, Uganda, South Sudan and the Republic of the Congo. With the development of a daily rail gage, the area would host a train station that would serve to boost the fortunes of the investors in its surroundings. Other records show that Malaba collects at least 60 million Ksh of revenue each month.
Malaba has also been seen as the easiest location in the country to secure construction licenses and the third best area to enter into contracts. In the previous five years, town has fought strongly by Narok for the figure one spot on comfort of occupational assessment.
Many of the better business projects to be sought by Malabans include: wholesale suppliers of consumer items, imports of leather goods from Tanzania to the country and dissolute nutriment cafeterias to appeal to travelers who can avoid waiting for customs clearance.
Another town you're not allowed to forget about is Busia. This town is ranked among the busiest cities in Kenya as it borders Kenya and Uganda. As a dealer, you’re going to have the privilege of comfortably buying and selling goods from Uganda to Kenyans with a respectable salary.
Mtwapa is a small town but full of opportunities for entrepreneurs. This is one of the few towns in Kenya which are of 24/7 economy, others are Kisii and Nairobi. Groceries, butchery, Mpesa, restaurants and pubs are some of the best businesses to start in Mtwapa.
Mtwapa is a tiny area but full of business opportunities. This is one of the few cities in Kenya with a 24/7 economy, while Kisii and Nairobi are the others. Grocery, butchery, Mpesa, restaurants and pubs are among the best businesses to operate in Mtwapa.
After the devolution started, more residents have migrated to Machakos in search of greener pastures. There are many hotels and restaurants to get to. There are many people working in Nairobi who live in Machakos because they consider the place to be cheap. In fact, the demand in Machakos is booming.
Naivasha is another area which is growing exponentially. If you're in real estate, it's the best place to start a business. The rental home market is solid, as is the demand for guest rooms.
Nakuru is a cosmopolitan region governed by the clans of Kikuyu, Kalenjin and Kisii. The downside of the region is Nairobi and western Kenya. Traders from western Kenya are traveling via the city of Nairobi.
This ensures that if you set up a company in Nakuru, most customers can save time moving to Nairobi. In 2007, when post-election unrest erupted, Nakuru was one of the only metropolitan centres not to be affected by war.
Kisii is Kenya's third best business city. The best part about Kisii is that she's got a huge fanbase. The city is also an agricultural hub that means sales from tea, rice, cash and food crops will all be yours. Kisii is also peace during and after the elections – you know that peace is crucial when it comes to industry.
On the other side, a new survey by the Institute of Economic Affairs (IEA) has shown that the cities of Eldoret and Mombasa are ahead of Nairobi in an promising business environment.
This ranking is broadly consistent with the findings of the 2016 World Bank survey, which once again listed both counties as having an excellent investment climate. The Mombasa Region was ranked first in terms of investment and trade in the IEA survey, the Kenya Urban Areas Efficiency Index 2017.
The City still has the largest number of construction permits accepted at 0.83 per 1,000 residents and a relatively small increase (10 per cent) in the number of commercial licenses granted per resident.
Of the six IEA protected metropolitan areas – Mombasa, Nairobi, Kisumu, Machakos, Eldoret and Nakuru – the registration of property in Mombasa City requires a shortest period of 41 days. In the non-disclosure ranking of the amount of business permits given, little has been done by Nakuru, Kisumu and Machakos.
In comparison, the expense of a single commercial license for a general merchant shop in Nakuru is Sh4, 000, relative to the overall price of Sh5,367. Mombasa's single business license tax for a specific merchant’s store, Sh7,000, was the most costly of the six metropolitan areas studied.
The research looked at how the county government had strategies and values in effect that would translate to a strong business policy and, in exchange, enhanced economic development. "Nairobi — the most populous county — leads to an indicator of property ownership, however returns to coping with new technologies," said the World Bank. The study added that the start-up of a company in Kenya will entail seven procedures.