Finally, changes have occurred in Kenya and now Kenyan youths will have a chance to participate in government business!

Recently the president of Kenya, Hon Uhuru Kenyatta has launched a bill which will help the Kenyan youths to be among the government stakeholders. The bill secures 30% government of Kenya’s procurement business to be done by youths and women in Kenya.

The government has played its part in including the young people and women in Kenya, who in most cases are sidelined or left behind. It’s better to at least try and fail than fail to try. We could altogether succeed and achieve growth for ourselves and for the economic growth of Kenya.

The requirement to Kenyan youths is to register their companies or business with the registrar of companies. Many may think this process is one of the hardest but have good news to them; here are steps of registering your business and company in Kenya.

1. Business Name Search

You must propose a name of your company first. The proposed name must be reserved pending registration. Application for reservation for a company in Kenya is made in writing and must be accompanied with the requisite fee. Names can only be reserved for thirty days. Once a name is approved the applicant should complete a statement of particulars form.

The secret is you should choose a name that will not restrict you in one business.

2. The Memorandum and Articles of Association (MOA)

The MOA should be drawn by a lawyer. The documents set out the following clauses:

·         The company name

·         Location of registered office

·         Company objectives

·         Share capital and share value

·         The subscribers and their shareholdings.

The document is then submitted to the Company Registry at Sheria House in Nairobi together with:

·         Notice of the situation of registered office

·         Particulars of Directors & Secretaries

·         Declaration of compliance with Companies Act Requirement.

·         Statement of nominal capital.

All documents should be duly filled, witnessed and executed, and the prescribed fees paid.

3.Company Secretary

All companies must appoint a qualified certified public secretary as the company secretary. The details should be filled in. They may also consider three names of directors in the date of registration.

4. Certificate of Incorporation is processed thereafter.

The membership of the stock exchange entitles a company to transact the business in the listed securities. Only representatives can enter the floor of the stock exchange to transact the business.  In Kenya a member is required to pay certain fees in the form of entrance fee, membership deposit and annual subscription. The company is required to obtain license from the Capital Market Authority. Nairobi Stock Exchange (NSE) in Kenya is still small and somewhat speculative, currently only about 50 companies are quoted as there are some restrictions for the listing of the companies in the stock market. For a company wishing to sells its stock to the public has first to be listed in the stock exchange.

  There are a certain procedures that a company should follow so as to be listed in the securities exchange. These procedures are as follows,

• The process of going public\going for an IPO (Initial Public Offer)

This where a company applies for listing of their shares in the exchange to the licensing authority. The licensing authority in Kenya is called the CMA (Capital Market Security). It is a regulatory body which controls all the capital market factors in Kenya.

• Once the authority confirms that the company has met the entire exchange requirement the application is approved and the company is allowed to issue a prospectus.

A prospectus is a document inviting the public to purchase the shares or debentures of the company. The objectives of a prospectus are,

• To inform the public that a company has been established.
• To convince the public that a company provides the best opportunity for investment because it has honest and efficient directors.
• To present a true and certified record through which the shares and debentures have been placed before the public for sale.
• To declare that the responsibility of the matters provided in the prospectus lies on the directors of the company.
• Once the shares have been subscribed for, the allotment is done and the public pays for the shares allotted. The process is called selling the approved shares to the public which is normally done by authorized agents such as banks. This process is called floatation process.
• Once the company has sold its shares and it is confirmed that the company has satisfied the entire floatation requirement, it is listed in the exchange formerly and its instrument allowed to transact in secondary market.

After the company is listed all the relevant information of the company on financial and non financial is made public so long as it has an effect on the operations of the instrument.

 

Kenya have various industries that provide different products and services to people in Kenya and also abroad. These industries and companies ensure that their services are of highest quality in order to conquer the available market in Kenya and in the World.

Most established companies that are situated in Kenya include the Rivatex Industry for textile, C and P shoe limited for manufacture of shoes, Crown Paints Limited and many more. Wire Products limited is among the best companies that offer world class services and products to their customers. This company limited was established under the industrial promotional services.

They serve both the local as well as the export markets within East Africa region as their products are well known for quality and reliability. Their main interest is to produce goods that are affordable and yet made to the highest standards possible. The company ensure their products variability for their clients to have different designs in the products they purchase from this company. Some of the products they produce include;

PVC coated chain link

These products are thermally bonded and protected against rust. This product is mainly used in fences for playgrounds, gardens, super highway, railway, airport, ports and residence. The major specification of this product width of up to 8 Ft, Mesh size of 80mm by 80mm, knuckled edge with a diameter of 18 meters.

Chain Link Product

It is made from galvanized wire and the wires run vertically and are bent into a zig-zag pattern so that each zig hooks with the wire immediately on one side forming a characteristic diamond pattern. The best chain link produced include the specification of standard sizes between 4Ft to 8 Ft, Mesh size ranging from 50mm to 80mm square, the thickness of wire being 1.80mm to 4mm diameter, Zinc Coating and the type of edges where they may be various types. There are a variety of chain link products produced in this company with different specifications and they include SHAMBA chain link type A, SHAMBA chain link B and SHAMBA chain link special heavy duty.

Barbed Wire

This product is a type of steel fencing wire constructed with sharp edges or point arranged at intervals along the strands. It is majorly used by people to construct inexpensive fences. Wire Products limited provide one of the best types of barbed wire which is strong and it is made of specifications such as lengths of up to 610Mts, diameters of up to 16G (1.60mm) and high tensile wire with the superior quality. Wire products produce SHAMBA 610Mts, SHAMBA 480Mts and SHAMBA 12.5G 220Mts all with different specification which are unique in their production.

Weld mesh and BRC’s products

This is another wire product manufactured by this company and produced in square or rectangular mesh from steel wire, spot welded at each intersection which are usually affixed to steel uprights. For the purchase on any type of the weld mesh sheets, the customers need to know the best type they can buy that suits their needs. The major parameters that need to be put in place include the mesh size/hole size, dimensions, wire diameter and protection type as also applied to BRC’s products.

Nails

Wire products Limited also manufacture nails of all the various sizes and types. The nails that they commonly manufacture include the ordinary nails which range from 0.75inches to 6inches maximum, diameter of various sizes and different standards, Panel pins which have small heads and thinner body mostly for furniture making, clout nails with big head with shank diameter used for ceiling, insulation boards, battens and general boards, fencing staples which are U shaped nails for fencing purposes and supplied in black or galvanized form with common size include 1 inch and 1.5 inches, roofing nails as well as twisted nails which have a twisted body for better grip available in wire diameter from 3.80mm to 4.50mm

Razor wire

This is a mesh of strips with sharp edges whose purpose in to prevent passage by humans as it is designed to inflict serious cuts on anyone attempting to pass it therefore have a strong psychological deterrent

Kenya is home to a plethora of cement manufacturing companies.  Perhaps that explains the reason why the real estate and property development industry in Kenya has been growing at a fast pace recently. Cement in Kenya is of great importance in every building project, and that is definitely something that all these cement manufacturers within Kenya have close to their hearts. Cement manufacturing is an aspect that has been in Kenya for quite some time now. Much as some companies only set up base in Kenya recently such as Savanna and Mombasa cement companies, cement industry in Kenya has since been pretty much competitive. Let us now have a look at some of the best cement manufacturing companies in Kenya today;

Bamburi Cement Limited in Kenya

Undoubtedly the most popular cement manufacturing company in Kenya today is Bamburi cement limited which caters for the cement demand in the country. Bamburi Cement Company is actually among the oldest in the cement market in Kenya, and that definitely explains why it has since time immemorial been perched at the top of the list.  Bamburi has got branches in Nairobi, Mombasa and Athi River, but of course the main one is at Bamburi in Mombasa. In Nairobi, Bamburi cement limited has offices on 6th Floor of Kenya Re Towers, P. O. Box 10921 Ragati Rd in Upper Hill. The mataus to the offices in Nairobi are boarded Kencom area in Nairobi.

Rhino Cement Foundation in Kenya

Much as Rhino cement in Kenya is newer in the Kenya cement industry, its market share has been growing at a fast pace in the recent times. Rhino Cement company sells its cement all across Kenya and beyond. Rhino Cement Company is located within the Athi River Mining Premises.

East African Portland Cement Company in Kenya

There is really no doubt that East African Portland Cement Company (EAPCC) is the second largest cement manufacturer in Kenya.  The East African Portland Cement Company is based in Athi River near Nairobi, and it serves a considerable market segment in Kenya. Most of the company products are used by the high end players in the real estate and property development industry in Kenya. This is because of the high degree of quality of cement of East African Portland Cement Company.  If you want to buy cement that will offer you the best service and ensure you build structures that will last, this is the company you need to count on in Kenya. East African Portland Cement Company (EAPCC) is located on your Way to Kitengela off the Nairobi Mombasa Road in Nairobi Kenya.

Athi River Mining Limited in Kenya

Just as the name implies, Athi River Mining Limited  is the most popular cement manufacturer in Kenya. Athi River Mining Limited is located in Athi River region of Machakos County in Kenya. Apparently, more than 90% of all cement manufacturers in Kenya today are located within Machakos County and mainly in Athi River.  With a cement ready market in Nairobi and Machakos among many other adjacent towns in Kenya, there is really no doubt that cement companies in this part of Kenya will always continue to flourish.

Savanna Cement in Kenya

Last but least, Savanna cement also fits the classification of the best cements manufacturers in Kenya.  Savanna Cement in Kenya was incorporated less than two years ago, and it is increasingly getting popular not just in Athi River but also in other parts of Kenya. Savanna Cement in Kenya is located in Kitengela. The cement company in Kenya has an increasing market share in Machakos and Nairobi. The ideal location of Savanna Cement company makes it much easier to access raw materials and manpower in Machakos region of Kenya.

There is no doubt that the cement industry in Kenya is going to grow at a fast pace in the coming days or years.

The company started in 1997.Michael Joseph is the man behind its for less than 15 years in the market. He is credited to have managed the company well before his responsibilities were passed on to the current manger. The current manager who is Bob Collymore has not failed to deliver. Safaricom made it to the top because of developing three strategies. The three strategies employed include;

Mobile Money Transfer [M-Pesa]

The introduction of this service yielded a lot of positive results for the company. The service was introduced in 2007.It is simply a service used by Safaricom customers to send and receive money from as far as the United Kingdom. It is also used to pay bills such rent and electricity. Before its introduction, people used services like the post office which were expensive and sometimes took long. The challenges that Kenyans faced in the past forced them to choose this service therefore the growth of Safaricom was fostered more. The service has been sought by other competitors in the industry although its success is still improving. Anyone who is interested in registering for the service only requires a Safaricom sim card and an identification card.

Billing per second

This means that Safaricom subscribers were to be charged per second depending on the time spent on calls. The introduction of this service earned the company a great amount of revenue. Earlier the calls were charged per every minute but when Safaricom introduced this strategy, it attracted many subscribers due its cheapness. This was started around the year 2000 when mobile were expensive.

The Internet

Safaricom ventured into the internet business offering data bundles and internet services to its subscribers. The company has enabled access of internet through phones and computers. Atlist fifty percent of those using internet prefer Safaricom because it is cheap and fast. The service provides the company with a lot income. The introduction of the service was simply the best strategy.

An asset in Kenya is any resource with economic value that an individual, corporation or Kenya owns or controls with the expectation that it will provide future benefit. Assets are not necessary for business purpose in Kenya, all house furniture’s, refrigerators, electronics, utensils, or any equipment in your house are as well assets. All these cost a lot of cash especially if quality is observed when purchasing. To still reap something out of old assets in Kenya, people are opting to sell second hand assets.

Many Kenyans have found a business in disposing old assets around Nairobi. The store owners in Kenya who buy the second hand assets from Kenyans sell them at a profit after doing some repairs on them. What we fail to understand is that what you people term as of no benefit, others in Kenya find the asset very beneficial. For the Kenyans who understood this difference found a niche in this business and tapped into purchasing and selling second hand assets in Kenya, especially Eastlands part of Nairobi.

This purchase and resale of second hand assets business in Kenya is booming mainly around these Eastland parts of Nairobi; Umoja is leading in second hand business and a Kenyan can find outlets at Mutindwa, Peacock and around “Kwa Chief” in Umoja section of Nairobi. Other second hand assets outlets around Umoja include, Umoja Market, Engesa area and Manyanja Road. Umoja is on the east of Nairobi along Outer Ring Road off Jogoo Road in Nairobi. Other outlets in this part of Nairobi are trading in the old assets from Kenyans with new assets.

Other known areas include Pipeline in Nairobi along Outer Ring Road and Dandora especially around Dandora Ruaraka round about in Eastlands of Nairobi. The business of trading in old assets in Kenya is proving to grow aggressively as many joints are now open within Nairobi town. Due to nature of this business, it is hard to get a well-defined company in Kenya dealing with purchase of old assets. Most of these second hand shops in Nairobi are informal structures built along the roads in Nairobi. Hard Company in Dandora area deals with the purchase and re-sale of second hand items from Kenyans and it is just about the only established company within Eastlands area of Nairobi.

I will consider this as a new type of business in Kenya, though trading in of assets has always been there, but it was mainly done for commercial assets and only valuable assets in this case. It is amazing if you can trade in your analog television in Kenya with a digital plasma! It’s really a good deal, right?

The benefits of trading in old assets in Kenya are clearly seen and starting such a business in your area does not require a lot of capital, especially if you only deal with only old assets. Kenyans can dispose their outdated assets in their area of residence in Nairobi. Kenyans also have an idea to start this business and bridge the gap in Kenya. People in Kenya are also selling the old assets through Olx on the internet too.

Banking services in Kenya have been growing in popularity quite fast over the past couple of years. This has been occasioned by an increase in the number of banking institutions in Kenyan local market. Kenyans can now easily access banking services in Kenya from wherever they are all over the country. With the advent of mobile banking in Kenya, again people don’t have to transact business in banking halls in Kenya anymore. As a Kenyan account holder, you can simply log on to your bank account, deposit money, transfer money to your phone, and even request for mini-statements on the mobile phone gadgets in Kenya. In that case, therefore, virtually anything that you would accomplish in a banking hall can still be accomplished using your phone today.

Many international money transfer services have since found their way into the Kenyan market. However, the most common of them all are Western Union and MoneyGram in Kenya. If you walk around the streets of Nairobi, you will find that most banks have signs of Western Union and MoneyGram outside the banks. Local money transfer services in Kenya such as RIA which is offered by the Kenya Commercial Bank have also been growing in popularity quite fast in the recent times. It is important to appreciate the fact that, among all of these banking services in Kenya, Western Union is the oldest of them all.

Western Union found its way into the Kenyan market more than one decade ago and still continues to thrive even in the current harsh economic times. This has made accessing Western Union services in Kenya quite simply for many Kenyans and especially those who reside within the city of Nairobi. If you would like to access Western Union Services while in Nairobi, you simply have to visit any local bank with a western union sign. Kenyans should remember to carry their national identification documents. If you have been sent to collect money on behalf of someone sent either from the United States or any other part of the world, there are some details which you have to take with you if you want to withdraw your money. You will require identification card of the person and the pin to access the cash sent from abroad.

Western Union in Kenya is more of an online money transfer services but it is under the jurisdiction of the United States Federal Government. Since the security of online money transfer services has not been effected in most parts of the world, you will be required to come with total proof that the money you want to withdraw is deservedly yours. In that case therefore, you ought to make sure that you have all the details right.

What you need in order to withdraw money from western union in Kenya

If you want to withdraw money from western union in Kenya, you will have to come with an MTCN number. This is basically the transaction number. It shows where money was sent from and to whom it was sent through the system that the bank has. Apart from the MTCN number, you will also have to come with your national identity card. This is just to prove that the name appearing on the sender part is the same name that appears on the national identity document. Thirdly, you will have to state an answer to the security question that was asked when the sender was sending money to you. You have to answer the question correctly for you to get access to the money. Thanks to modern day technology advancements in Kenya, you can simply ask the sender to forward snapshots of the transaction page to you via applications such as WhatsApp. Let them forward you all the details regarding MTCN, security question and answer, name of the sender and the name of the recipient so as to make it easier for you to access the money through Western Union in Kenya. Once you have submitted the right answer to the security question, the bank teller in Kenya will ask you how much you are expecting through western union and the name of the sender. This is the last process and thus it has to be easy to go through. After that, you get your money and then leave the banking hall. Using Western Union services in Kenya is therefore not rocket science. If you can follow these guidelines, you will definitely achieve that which you want.

Banks in Nairobi where you can access Western Union Services

There is a plethora of banks in the Nairobi CBD where you can be able to access Western Union Money transfer services. These include KCB Tom Mboya Street, KCB Kencom Branch, Equity Bank Kenya Cinema Branch, National Bank Building and Co-Operative Bank House. The KCB Tom Mboya Branch is located along the Tom Mboya Street in Nairobi downtown area just next to the Kenya National Archives and Mr. Price Tom Mboya. The bank is next to the matatu stage for Eastleigh and Kikuyu.

Kencom KCB Branch is today the headquarters of KCB in Kenya. The branch is located along Moi Avenue near the Hilton Hotel on the lower side and Tumaini House on the upper side of Nairobi. As for the case of Equity bank, Kenya Cinema Branch, you can access these services at Kenya Cinema opposite Gill house along Moi Avenue in Nairobi. Last but not least, the co-operative bank house is located along the Haile Sellasie Avenue in Nairobi, one of the busiest roads within the city.

Entrepreneurs are great thinkers, create enough time to think and concentrate in your business, you should have a desire to succeed, break away from the crowd of your friends and think about your business. Start a project which you have knowledge about, if you doubt your knowhow in the project it is advisable to research more about it and also consult some experts for guidance. You should have seen the market niche of your project which is a need to the customers and it is not available or the current providers are not reliable.

Research more on your project before starting, if for example you want to start a restaurant, approach people from the surrounding location where you want your business located, talk with them about the idea, test the business by checking whether they like and can purchase your recipes. People don’t have much time to research about your product, stand out and let your business be known as soon as possible.

Get ready to work on any setbacks which might be deterring you from working on your project, one of this set back can be the financial issue and customer awareness. Having a brilliant idea will not guarantee success; you must work on your idea and sell it to the customers, the initial operation of the business expect few customers, this is the period you should emphasize more on going out to look for customers.

Every mistake you make in your business should be taken positively, work on correcting it to avoid repetition. Self employment comes with freedom because you have no one to report to other than yourself, remember the success of your business depends on how you commit yourself. Be a leader with vision, communication skills, confidence, inspiration, competency and trust worthiness, great leadership skills are core to the growth and development of your business.

Manage your employees well and ensure that they are giving their best, they are part of your business and the business should pay them according to their performance. Keep patient always and remember success don’t come overnight but it is a process. As a business minded person you should not sit back and watch things been done, you should not just wish but you should create. You should always push things to be better every day, don’t wait things to be different be the difference.

Entrepreneurs don’t fear to fail, no matter what if you fail try again because it is not always a smooth road, reflect on what went wrong and push thing forward again trusting that you will make it, learn how to manage the pain of losing. If you build up your passion on succeeding on your project the definitely you will meet your targets. Manage time and finances well, save for growth and development of your business. Always update yourself about upcoming competitors and improve your business to make it a customer’s choice.

Learn to pray for good health everyday and wisdom for there is always a supreme power who is God and through him the bible promises no challenge will put you down, always give for the bible has been right all along and Gods word promises blessings to a hand that gives. All the best in your project.

OLX is a site on the internet where you can find everything you need in Kenya. OLX contains details which are uploaded by Kenyans about jobs in Kenya, appliances and items available for sale ranging from phones, seats, fridges, laptops among many others, services available in Kenya, community aspects such as volunteers, electronics, vehicles, classes in Kenya, real estate, hobbies, art and sports, fashion and beauty and many other things.

OLX in Kenya provides a solution to the complications involved in selling, buying trading, discussing, co-ordinating meetings and the other activities which are done on a daily basis. OLX makes it possible for buyers and sellers, employers and employees, service providers and service recipients to meet at the click of a button on the internet. OLX has also widened the market of items from the local people within your environment to the open globe and within the confines of Kenya.

Who are the people who can use OLX in Kenya?

Well, OLX is open to everyone in Kenya who has access to the internet. OLX in Kenya also is open to people wishing to advertise their services, jobs, skills and items for sale. OLX in Kenya is also open to people who need the services, jobs, classes and courses in Kenya, Kenyans who need to purchase the electronics, home appliances and the other items advertised on the site. Here is the way OLX is used in Kenya by different users.

If you are a Kenyan and would like to purchase an item using OLX, it is as simple as ever. You just need to access the internet and go to the OLX site. Make a quick search for the item you need to buy. A list of all available offers for the item you need will appear. Choose the best offer that is available and make contact with the person who has posted the item on OLX. The items available on the site have a price tag and a mobile number of the advertiser. Make a call to the seller and arrange where the person has the item you need for you to go check it out.
 

In case you are a Kenyan wanting to sell an item on the internet, you need to follow this simple procedure. Get to the OLX website. You need to take a photo of the item you want to sell. Click on post an ad, attach the photo and give details about the item you want to sell and at how much you want to sell the item. Post the ad and wait for buyers to call. Pick the highest bidder.

In case you looking for a job in Kenya, you can post your intention of acquiring a job in Kenya on the OLX site. You just need to follow a simple procedure. You should click on add an ad on the site and show your intention as a job seeker. You should present your qualifications and the position you are seeking. An interested Kenyan employer will contact you from the site.

In case you are a company or an individual seeking to hire workers in Kenya, you will post your ad on the OLX site through a simple procedure as follows. Click on add an ad; enter details about the job you are offering, the amount you wish to pay and the details of the job. A well outlined job description will attract the potential applicants whom you can assimilate as employees.

OLX in Kenya has made everything simple and a button away!  Click here to go to OLX site http://www.olx.co.ke

TUSKYS SUPERMARKET

It is situated just at the main entrance of Kericho town in Rift Valley Kenya. It is situated directly opposite Mutai Wholesalers. It is the biggest supermarket in Kericho town. It has two floors that are the ground floor and the first floor and second floor. It has all the house materials with all the needed luxuries. It has the best services from its customers. It also has the packing stage for its customers. It has the best security with CCTV monitoring all round the supermarket.

UCHUMI SUPERMARKET

It is situated at the center of the town just directly opposite the Kericho main prisons in Rift Valley Kenya. It has red and white pains on its outer appearance. It is the second largest supermarket in the town. It has the underground shopping hall. It has all the house materials with all the needed luxuries. It has the best services from its customers. It also has the packing stage for its customers. It has the best security with CCTV monitoring all round the supermarket. It is well managed and its cleanliness of the products is high.

UKWALA SUPERMARKET

It is situated at the middle of the town in Rift Valley Kenya. It is directly opposite the Embassy wholesaler and also Uhuru garden in Kericho. It has its main entrance facing the Uhuru gardens. It has the best and quality services from its customers.it have CCTV cameras both at the main entrance and at all round the supermarket. It has all the house materials with all the needed luxuries and the toys kids.

JUMBO SUPERMARKET

It is situated just at the main entrance of Kericho town in Rift Valley Kenya. It is directly opposite the Ndege Chai SACCO. On its entrance it is Total petrol station. It has enough parking place. It has the best security with CCTV monitoring all round the supermarket hence the best security for its customers. It is well managed and its cleanliness of the products is high. It contains all the luxurious and house materials for any customer in need.