The cost of doing business in Kenya is becoming unbearable given the increased taxation and regulatory compliances that come with fees.
The situation has seen some prominent companies face liquidation as they struggle to maintain profitability amid increasing operational costs and competitive pressures.
Among the companies that have been hit hard are Copia, Copius, Sendy, iProcure, Savannah Cement, Kansai Coatings, and Mobius, among others.
Engineer Evans Kimori a leadership and governance expert now says that there is no business in Kenya worth Sh. 2 million that can give Sh50,000 in profit per month.
Speaking to Dr. King’ori, Kimori attributed the tough business environment in Kenya to the high level of corruption in the country.
”I am here to confirm that no business can give you 50k profit due to the corrupt state of our country because money is not circulating efficiently,’’ he stated.
My wife and I earn 28k net as primary teachers; how do we use 50:30:20 method?
His sentiments have, however, received backlash from Kenyans, with some claiming that there are businesses that give more than Sh50,000 in profit per month.
Temy Ton said: This guy is not serious,…with two million I can comfortably make more than 100k.
Jane Njeri said: Hiyo ata ni mingi sana yangu nilianza na 250k na inanipea 60k per month Sahi nko mwezi wa Saba kwahii bzna
Environmentalist Arap Kirui: I do dairy farming, 3 cows, 120 to 140 liters of milk a day, that is 6000/= natoa 1k ya feeds, 1 k miscellaneous nabaki na 4k daily, that’s 120k, 20k ni ya workers, nabaki na 100k , I invested only 1.2m.
Other netizens shared some profitable business anyone with Sh2 miillion can start and earn big from them.
Mwangi Macharia said: 2 million can give you 20 pool tables at a budget of 100k ikiwa na licence na location..hata zikupee 3k a month which is on a very lower side uko na 60k safi sana..3k means hii kitu inalalisha 100bob a day..
Dawuud Hussein: I have air bnb. A 1 bedroom goes for 2500 per night. That’s 75k per month. I do with 50k coz some days I will have no clients. So to furnish a just normal but classy 1bedroom it will cost me 250k so at least 5 of them That’s 1.3m. 50kx5. 250k
Rent @16k-80,Clean 10k-, WiFi @ 2k-10, Token gas. 6k, Emergency 10k, Total 116k, 250k-116= 134, Profit 134.
