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5 Profitable Businesses You Can Reap Big From Right After College

Inversk Review



To most of us, college life is usually the best phase of life it comes with ample freedom. College is meant to be a stepping stone into the real life. Unfortunately many of us are too engaged with this life that we forget to ready ourselves for the life after campus. We forget that soon, we shall no longer receive the HELB. We ought to be ready to transition to life after college. So let us get our aerials raised as we venture into this.

What we are taught in school is vital. Often times there are business units no matter which course you are pursuing, in most colleges these are placed under the Entrepreneurship unit common to all students in campus.

As a graduate or if you are still in college, the transition is not as tough as most people perceive it. While in school, get to learn what is lacking in the market and what people are in need of and give them that. That is called identifying business gaps and converting them into profitable ventures.

For instance, there is a craze of everyone striving to keep healthy. Everyone wants to look fit and be in good shape. If you have a passion for cooking, you can always supply healthy foods to clients at their doorsteps.

Arrowroots (nduma) and sweet potatoes (ngwaci) are selling like hot cake. Try supplying them, ready and cooked to offices or homes. In one week’s time you will get multiple orders.

The profits are captivating. You get to buy 6 sweet potatoes at Ksh 100 and sell one at Ksh. 30 or 40. That means in six, you make Ksh. 240. A whooping Ksh. 140 in profits. How great is that? Good thing for this business you will need less than Ksh. 1000 starting capital.

Another amazing venture is the mitumba business. This one you can even do it right in college. I had friends who would do this and they would make good money. You go to gikomba, buy ladies’ clothes say dresses, tops, trousers, handbags and then you get to sell them. For instance you buy a top at Ksh.20 or 30, sell it at Ksh. 150 or Ksh 200.  The profits are unimaginable! Ksh. 170 in profit! How about a dress? You buy one at Ksh. 100 and sell it at Ksh. 300. This now gets really enticing! With your Ksh. 2000, you are definitely good to go.

Another ideal business would be pottery; this would demand passion for molding. All you need is a workshop, where you can mold soil, mix it with water, give it a shape, let it settle for some few days and then sell it out. How about you sell it to tourists or people who store ashes in pots? Do you see the fortune? You can even get market from abroad once you get a recommendation.

Another profitable venture is cereals selling business. Get to buy rice in bulk, beans or ndengu. You can start small and then grow to supplying to wholesalers. This business is good because these are commodities that are a must have for every household and they are not perishable. They also come with irresistible profits.

Are you good at public speaking and the forums that come with it? You can moderate events and get paid really well. The likes of Johnson Mwakazi get a livelihood through this. You also can be the next Mwakazi.

Just do not sit and complain that there are no jobs. Create the jobs, you have been in school and acquired knowledge. It is high time you used the knowledge to benefit yourself and the society at large.

I believe that there’s so much more God has impacted in us. We just need to get out of our comfort zones and acknowledge that we can be so much. Let us not limit ourselves. After all, everyone was created uniquely. Let us all absorb that uniqueness.

Arise young people, Arise Kenya and Africa at large! Let us change the world with the knowledge we have acquired. At times we may need a little push, and well, that is okay. But the greatest push and enemy is from within.

Coming from college, first of all you are educated. You know how to handle pressure, customers and finances. You are smart! You passed through school and attained knowledge. Now use it!

Graduates, I hope we all come out of the cacoon of ‘no employment’ and then live miserable lives just because someone does not think you are qualified enough. Start small and watch yourself grow.

If you think you have what it takes, Take up your mat and walk!

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Kenya Today

Fuel Price Soar in the Latest EPRA Review

Kevins Jerameel



Energy and Petroleum Regulatory Authority (EPRA) has hiked the fuel prices for one month of November through December. In a statement signed by EPRA Director General Pavel Oimoke on Thursday, a litre of petrol in Nairobi will now cost Sh 110.59 an increase if SG 2.54 while a litre of diesel has risen by Sh 2.65 to retail at Sh 104.61.

Households using kerosene are the hardest hit, in the latest review, kerosene consumers part with Sh 2.98 more for a liter that will cost Sh 104.06.

Kenya’s inflation increased to 5.7% in the month of September from 4.04% the previous month due to increased taxes on petroleum products.

The rate is the highest in 12 months, an indication that the impact of VAT on fuel is sieving into the economy. The price increase which took effect from Thursday night will remain in force till the midnight of December 14.

The rise in fuel proves is attributed to an increase in the landing cost for super petrol by 0.86% from Sh 4,593 per cubic meter last September to Sh 4632 per cubic meter last month while that of diesel increased by 2.08% from Sh 4919 per cubic meter to Sh 4999 cubic meter.

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Auctions Jump as Mortgage Defaults Hits sh38 Billion

Georgina Korir



Default on mortgages jumped 41 percent to Sh38 billion, pointing to widespread distress in the real estate as it is experiencing a slump growth and property auctions pick up.

Latest real estate data from the Central Bank of Kenya (CBK) shows that mortgages shows the industry experienced the biggest hike in non-performing loans (NPLs). Unpaid mortgages increased by Ksh11.2 billion or 41.1 percent, manufacturing by 19 percent, traders by four per cent and personal loans by six percent.

According to the report, 16.9 percent of the Ksh224.8 billion gross loans extended as mortgages were not being serviced at the end of December 2018, up from 12.2 percent in 2017.

“The ratios were above the industry gross NPLs to gross loans ratio of 12.7 percent in December 2018. Deterioration in asset quality was mainly attributed to among other factors; subdued business activities, delayed payments from public and private entities and low uptake of housing and commercial units,” CBK noted.

The real estate industry was dotted with auctions, as the most people who had taken loans on the strength of their pay slips to buy property failed to service them in 2018 and 2019, following the NPLs.

Attributing to a dying economy, which has seen several companies shut, there have been a lot of job cuts in Kenya.

At least 78,400 new formal jobs were created in the economy in 2018 compared to 114,400 in 2017 this, According to the Economic Survey 2019.

Following the interest rate cap which was repealed last week, the banks have also been reluctant to offer loans to individuals and SMEs who are first time borrowers.

As a result, compared with a growth of 23.9 percent in 2015, there was minimal growth in mortgage growth of 0.7 percent last year.

CBK said, “This could be attributed to banks’ review of mortgage terms to offer mortgage loans on increasing credit risk in the real estate sector,”

It is reported that more auctions linked to mortgage defaults were conducted in 2018 compared to 2017.

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Understanding Art Piece Collection Value In The Market

Dennis Kamau



You probably have had a trigger of suspense when art is mentioned either in the movies and you wonder how to value them? Well there are a number of factors to consider when valuing an art piece.

Unknown to individuals when it comes to art, is the value that art piece carries on matters concerning the monetary value. The most important factor when valuing an art piece is the artist of the work.

A piece of work that has been produced frequently by an artist will have a high monetary value than an art piece done by a new artist. Also, works that was produced as old art collections have a quite good impression as they tell a story of occurrence of that season and whether it represents their work.

Subject of work may narrow or broaden the market of buyers as more private buyers are purchasing art directly from the artist (primary market). Certain subjects always attract more clientele than others. Like an art piece of a beautiful lady will sell better or the big five animals than a portrait of an old man.

Subjectivity of work is not a factor that is independent but depends on the drive of demand of buyers. If the demand is high the prices increases. The commercial value of art piece depends on collective intentionality similar to currency.

On a different scale, sizes matter where even though the artist may feel that a small size is efficient the buyer perception is different.  Art piece with big size are expensive in the market like a wonderful sculpt that can sit at the backyard of an individual or next to the welcoming door of the house.

The type of materials used in an art piece can greatly increase the price, Leonard Davinci Mona Lisa painting holds the highest value insurance for a paint, its custodian is the museum. Art is being redefined from the beginnings of illusionist painting to complex photography with binary digits and also, sculpture designs. We humans tend to try and tell a story of what the impression an artist had when coming up with an art design.

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