For one to register a company in Kenya, one need to first write a letter to the registrar to reserve his or her desired name which may be accepted or rejected on the basis of either a similarly named business or offending the rules on name reservation. This may takes two to three days. If it is accepted the registrar will reserve the name for 30 days. Secondly, there is preparation of Memorandum and Article of Association and Statement of Nominal Capital. These documents are prepared by the advocate describing the objectives, rules, subscribers and authorized share capital of your company.

One also needs to pay stamp duty which depends on your declared nominal capital, but the minimum amounts to Kenya shilling 2,140 which is based on the minimum nominal capital of Kenya shilling. 2,000.Then one fills a form known as Situation of Office Form201 which notes the registered office address of the company that has to be signed by one director or the company secretary.

There is also List of Directors Form203 which is filled which lists the directors and secretary of the company. It is stamped by the company secretary. Then there is Declaration ofComplianceForm 208where a commissioner of oath must sign the form on your behalf

You then need to file documents at Registrarsofficethis involves going to the Companies Registry and paying the registration fee which includes your memorandum and articles of association. There is a varied fee attached to this.

One should get a certificate of incorporation after a period of about 21 days. Finally, one need to get a Company Seal, which is a device that include your company name on documents and is also used as a signature of the company. This can be purchased from a stationer. There is also statutory requirement which includes ;Registering for a Personal Identity Number, Value Added Tax & Pay-As-You-Earn with the Kenya Revenue Authority .One need to Register with the National Hospital Insurance Fund which assist in medical contribution for ones employees. There is also a requirement to register with the National Social Security Fund. It is necessary and mandatory to contribute to one employee’s retirement fund. Also one requires registering for a Business Premises License which is done with the local county office. There is also a need of premises prior to submitting this application. One can be assisted by the business registration agents with the registration process at a fee.

                                                 

The boom in Kenyans pursuing private businesses cannot be ignored. Kenyans are very resourceful people. The resilience of Kenyans is well known all over the world when it comes to businesses. In this day and age, being employed is not guaranteed after one completes university or college in Kenya. Self-employment in Kenya is becoming the better option for many Kenyans. Safaricom company in Kenya knows this and has stepped up to help businesses in Kenya run more smoothly. The Lipa Na MPESA service provided by Safaricom in Kenya is one of the many brilliant innovations that Safaricom continues to create. Lipa Na MPESA in Kenya is a service that is already revolutionizing the way businesses in Kenya run.

What is Lipa Na MPESA service in Kenya?

Lipa Na MPESA in Kenya is a service offered by Safaricom Company that allows business persons to receive payments for goods and services via Mpesa in Kenya. Business people in Kenya receive payments for goods and services through using MPESA Buy Goods service on Safaricom mobile phone in Kenya. The process of paying for goods and services via Mpesa in Kenya involves accessing your MPESA service, clicking on the Buy Goods option, entering the till number of the business owner and making payments. The Lipa Na Mpesa service in Kenya enables customers in Kenya to pay for goods and services without being charged the transaction fee. This means that the business owner can accept payments from KShs10 to Kshs70,000 without the customer being charged transaction fee.

How to register for the Lipa Na MPESA service in Kenya

Business owners in Kenya can register for the Lipa Na MPESA service in Kenya by signing up at a Safaricom retail shop anywhere in Kenya. Registration for Lipa Na Mpesa service in Kenya can also be done by an Safaricom authorized dealer or MPESA agent in Kenya. There are several requirements that are needed in order for registration for Lipa Na Mpesa to occur in Kenya; One needs copies of a KRA PIN certificate, identification card and a trading license. This is to ensure that your business in Kenya is registered and you can start using the Lipa Na Mpesa service. Registration of Lipa Na Mpesa service by Safaricom in Kenya is also done to lock out conmen.

Advantages of Lipa Na MPESA service in Kenya

The obvious advantage of Lipa Na Mpesa in Kenya is the paperless transaction enabled by the service which greatly reduce the risk of theft and fraud. Business owners in Kenya do not have to worry about fake currency while using Lipa Na Mpesa service in Kenya. The business owners in Kenya also do not have to worry about looking for loose change to give to their customers while using Lipa Na Mpesa service in Kenya. Another advantage of Lipa Na Mpesa service in Kenya is increased and enhanced business efficiency. When customers in Kenya pay via the Lipa Na Mpesa service, the business owner does not waste time on counting cash, verifying authenticity and looking for change. Customers in Kenya can also order for goods and pay for them before picking them up or having them delivered. In fact, many supermarkets in Kenya have started utilizing the Lipa Na Mpesa service to enhance online shopping in Kenya. This way a customer can shop online in Kenya, pay for the goods and await delivery from the comfort of their home.

Safaricom Company has been on the forefront of major innovations in the telecommunication world in Kenya. Safaricom Company in Kenya has enabled regular Kenyans to access products and services that were previously unavailable to them. Businesses in Kenya can greatly benefit from this Lipa Na Mpesa service. The benefits and convenience make Lipa Na Mpesa service very valuable to all business owners in Kenya.

The areas around campus have a lot of business ventures that anyone wishing to be successful can go ahead and invest in them. It has been realized that many people often complain of the problem of not being paid well but there are plenty of opportunities that a person can use and make money hence becoming richer. The following are some of the ideal business ideas that a person can invest in.

Fashion Business

Majority of campus students love fashion and anyone that can risk investing in the business will surely have a lot of time to invest and make more money. It has come to the realization that youths love dressing in the latest trends of clothes and they always demand for more. It is therefore important that one tries to invest in the business for them to succeed and achieve much progress in their life.

Hotel

The business will surely have plenty of customers that are in most cases students. People cannot survive without food and that makes it the best reason for one to risk supplying food to the respective students. The business is good as the variation in hours of lecturing will make it convenient for business personnel to have stable floor of customers each and every hour of the day. The person should as well have different varieties of foods that they can go ahead to supply and make more money. It is one of the best businesses around campus.

Hostels

One of the most basic requirements of human beings is called shelter. Many businesses that specialize in offering accommodation to students in form of hostels are arguably the most reliable and best paying business around the university. Many students will want to stay in a place that they can have easy access to the classrooms and eventually studying under peaceful conditions. It is therefore advisable for one to invest in the business and make money.

Cyber

The campus institution has a lot of many students that need their assignments to be typed and be submitted within the shortest time possible. Due to this fact, it can be said that individuals using computers to make money can earn a lot from the students. The business has a lot of activities such as photocopying documents and other related fields. It is ideal around campus institutions.

The process of measuring the specific national income of Kenya has been a great challenge because of certain hindrances. However determining the specific national income is crucial to ensure that proper planning is done to improve on the country’s  economic status.

Lack of information

Under all methods of measuring national income, there are problems and difficulties in finding all necessary information for example in Kenya, people may not be officially employed and some businesses are operated at personal and unregulated system hence the authority might not be able to compile this information in their data collection.

Errors and omissions

It is difficult to collect and calculate the exact figures. This is because people may hide what they earn and firms may hide their output so as to avoid paying taxes in what is known as the black economy. For example in Kenya, a firm might hide some of its output so as to evade taxes.

 

Problem of double counting

Only final goods and services should be included I national income accounting. But it is difficult to distinguish between final goods and services and intermediate goods and services. Intermediate goods and services are used to final consumption, for example I Kenya, maize can be consumed and it can also be processed to maize flour or to extract oil hence a possibility of double counting arises

Underground economy

It consists of illegal and unclear transactions where the goods and services are themselves illegal. For example in Kenya, drugs trade, prostitution and smuggling take place on daily basis and their income are not included in the national income hence it becomes difficult to determine the actual national income.

Transfer of payments

Individuals get pension, unemployment benefits and interest on public loans but these payments create difficulty in the measurement of national income. The earnings are the part of individual income and are also part of government expenditure. In Kenya, referees have a pension scheme where they are catered for.

Production of petty products

These are large numbers of petty producers and it is difficult to include their production to national income because they do not maintain any account. The jua-kali sector provides jobs and earnings for thousands of Kenyans, most of who are illiterate and with no accounts.

Changes in the value of money

This leads link to different figures of national income even if the real output may have  changed, for example it is the problem of inflation in Kenya today. Due to price rise, the value of national income for particular year appears to increase even when the product decreases.

 

 

Trading in Kenya is affected by several factors which affect the nature of trade and success of the trade activities.

Transport and communication

Goods need to be transported to places where they are needed. Therefore a good transport network is needed. In many parts of rural Kenya there are poor transport links .this slows down trading activities. Improved communication has made trading easier. A faster and safer method of transferring money through mpesa has also contributed to easening of trade activities since it is convenient and easier.

Availability of products for sale

Goods or services for exchange or sale are required for effective trade to take place. In Kenya, few counties produce what others need most but instead produce similar goods hence trade activities within the counties is minimal.

Availability of market

Most Kenyans do not buy goods that they already have in plenty. They buy what they do not produce in their farms. People may also not have enough money to buy those products hence they avoid the products thus limiting trade.

Taxation of goods

High taxes make imports more expensive to acquire. This creates a trade barrier between Kenya and the counties that are willing to do trade with the country.  Some countries do not buy goods from Kenya because of high taxes paid.

Means of payment or exchange

Different currencies have different exchange rates in Kenya hence it becomes tedious to convert currencies, if the currency used for trade would have been a common one, then the problems could be minimal.

Kenyan government policies

The government can help promote trade by signing trade agreements with other countries as seen with the present jubilee government.  Representative or commercial attaché’s helps to explain what goods are available in the country.

Political stability

Political stability attracts business people from other countries. Poor political Stability in the political scene has been experienced in Kenya after the 2007 election violence that led to deterioration of trade activities. Currently pressure between the jubilee government and the opposition is creating a lot of renewed tension that is affecting trade.

 

 

Hawking business in Nairobi has over time faced challenges and more so from the city council askaris in Kenya who bag and bundle the Nairobi traders and their wares to the awaiting city council vans. Once too often, you will encounter Nairobi hawkers scampering for safety and even dropping their wares as they ran away from the authorities in Nairobi town in Kenya. The peddlers in Nairobi town have however out beaten the askaris in Nairobi to some extent. The hawkers in Nairobi usually display their goods on some collapsible cotton boxes. This means that the hawkers in Nairobi can easily dismantle the display, gather their wares and run before getting caught by the authorities.

In as much as the city council of Nairobi askaris are working towards containing the hawkers and sellers in one strategic position in Nairobi, we all have to admit these Nairobi hawkers can save the day in more ways than one. You will easily find affordable goods in Nairobi without putting in too much searching effort.

Water bottles in Nairobi: Water bottles come in handy over the hot weather in Nairobi. The plastic water bottles in Nairobi go for an affordable KSH 100, as compared to supermarkets such as Nakumatt, Turskys, Uchumi, Ukwala, Naivas and others within the city of Nairobi that sell the same water bottle, (of different brands though) at a whooping KSH 300 and above.

Shoes in Nairobi: There is a new fashion bug that has bitten most Nairobi ladies when it comes to shoes. Yes, the doll shoes craze in Nairobi! You will find many varieties of doll shoes displayed by the hawkers in Nairobi. The Nairobi hawkers sell their shoes of all colors and sizes along Tom Mboya Street in Nairobi.

Belts in Nairobi: The luminous coloured thin waist belts are also a favorite amongst most Nairobi fashionistas. The belts in Nairobi can be found on the hawker displays in Nairobi Town. The belts for sale by Nairobi hawkers range from a relatively affordable KSH 100 to KSH 200 or thereabout. Belts are usually sold especially the area towards Ngara in Nairobi opposite Universal church in Nairobi.

Earrings in Nairobi: Hawkers in Nairobi are nowadays selling fancy button earrings for as low as KSH 30. These earrings in Nairobi can be majorly found with the hawkers along Tom Mboya Street, near the Tuskys Beba Beba Branch in Nairobi city centre. The hawkers in Nairobi also have bowtied head bands to accessorize with the earrings.

Chiffon tops in Nairobi: This chiffon top wear is the latest fashion dressing to grace our fashion world in Nairobi. Chiffon tops in Nairobi coupled with Chino pants are the fashion statement of the fashion season in Kenya. These Nairobi hawkers are selling these fashionable tops for as low as KSH 100 along the corridors in Nairobi ranging from Tom Mboya Street towards downtown area as far as OTC stage in Nairobi.

Clearly, most of your fashion needs in Nairobi will be addressed with very little effort here in the streets of Nairobi. It is wise to carry with you money of little denominations as you do not want a Nairobi  hawker scampering away with your change, and of course his goods too.

DIPEK program is an ICT creation and an initiative that incorporates several companies and the government in Kenya. Among the many companies, there is the Pillar Technologies Limited in Kenya. DIPEK aims at empowering ambitious and innovative Kenyans through job creation and business development in Kenya. You need to understand well how the program works before you enrol.

The compensation plan of DIPEK program works where a Kenyan involved earn from every person they bring into their network of business. The earnings under DIPEK in Kenya are in two ways: Registration income and airtime income.

Since a Kenyan is getting a lifetime customer who will register only once, they get one time commission for the registration that takes place or when there is a purchase of PTL business system in Kenya. The worker of DIPEK then monthly gets an income from the airtime the person loads every month at a prescribed percentage that is set by DIPEK. In addition, the registration income is paid weekly the following week, and airtime income is paid every month on the following month. This means that the payments of the work done through DIPEK takes place during the weeks and at the end of every month following the month of doing the work.

How the DIPEK program makes profits- a detailed training is done to make people in Kenya aware of the profit making ideas and encouraging them to owning a business that earns them a profit. The program system allows the worker to generate profits from the airtime they use and from the airtime their network use. This payment is set equally for all the distributors with the company in Kenya. The payment varies with the network size of the workers.

How the DIPEK program Pay- the program remits its payments through Orange money. The workers are able to reinvest their earnings and could pay bills with the payments. The program in Kenya never uses loyalty points or airtime as payment in any case. This type of business falls under network marketing.

If you are interested in joining this fastest growing business venture, join DIPEK. http://www.softkenya.com/dipek/

Kenya has been experiencing unemployment disaster for decades now, which has left many Kenyans looking for alternative ways to earn their living. The only choice now left is to start a self investment through projects which is still a hard rock to break since financing the projects calls for a lot of resources.

For one to undertake a project in Kenya, it is required to evaluate all the benefits and risks associated with it. Feasibility study is also key activity prior to commencement of the projects.

While undertaking a feasibility study it’s always necessary for one evaluate the best available financing alternatives within Kenya. This is because the capital to start up a business project is always termed as the backbone and the survival of the business mainly still depends on the capital employed.

Many people look for banks to finance their projects just because banks only ask for collateral, but they fail to understand that banks rates directly depend on the inflationary rate of the country such that, you may get a loan at a rate of 12% but after two months time find yourself repaying the same loan at a rate of 20%. This dynamic shift of rates may badly affect your business mainly at the early stages.

I am not sure if you will agree with me; I always recommend SACCO’s and micro financing bodies in financing start up and small projects in Kenya. The reason has been that these associations maintain their fixed rates regardless of the economic inflation in the country. The only challenges you may face is that for you to qualify to get a loan from any SACCO, you must be a member of the same SACCO and not just a member but active member running active account with them. You will also be required to get guarantors mainly three to four of them.  SACCO’s always encourage their members to also encourage or come with their friends in order to avoid the issue of some members lacking guarantors.

As they say, “successful journey starts with a simple successful step” I encourage young people to register with micro-financing bodies or SACCO Associations in Kenya as early as possible.

Good luck!!!

Apparently, I happened to join ZaKenya article writing website recently but am amazed by the huge following the site has garnered in the past few months. ZaKenya is a freelancing site in Kenya. People in Kenya and beyond are now able to get information about Kenya online in an organized manner. Kenyans who are in search of knowledge and facts about Kenya, can now easily access that by just using the ZaKenya website in Kenya. Travellers, tourists, people in the globe interested in Knowing about Kenya can now get all that information in one site. ZaKenya has created a niche for itself in Kenya, whether it is in terms of the huge following on social media platforms, undeterred communication platforms and well laid out customer support avenues, there is no doubt that ZaKenya is bound to make it BIG in the coming days and maybe many years to come.

Originally a simple idea intended to aid Kenyans communicate and learn from each other on the same board, ZaKenya has with no doubt grown in bounds. One thing that I really appreciate about this article sharing platform is the good compensation plan on ZaKenya that they have put forward for all its members and especially the authors like me. No other Website, not even KenyaPlex can match up to what ZaKenya is able to offer. ZaKenya has taken article writing in Kenya to an advanced new level.

Well, you should not perceive me wrongly and think that am just here to send some spam details to you. I have worked with ZaKenya for the past few days and am convinced that this is the right platform on which to share your wealth of knowledge with other Kenyans. Here now is a look at some of the main reasons why I really love what ZaKenya is doing;

Experienced personnel in ZaKenya

ZaKenya as a website is managed by experienced personnel. I had an issue with using the site in the first case when I joined but the personnel had me sorted in the shortest time possible. This means that the personnel value every site visitor and this is one of the reasons I have chosen to stay put.

Expertise on ZaKenya

I do not just work on the internet in Kenya. I am a successful internet marketer and freelance writer based in Kenya. I have shared my knowledge with millions of people across the globe through the online platform. I have worked for many web content creation websites in Kenya and beyond, and even do so today but there is something that really attracts me to ZaKenya. Not just in terms of communication in ZaKenya, they also ensure that the articles availed to the population are perfectly written to send the message across and as such, my articles have been getting consistent traffic since I started sharing them a few days ago.

Communication on ZaKenya

Last but not least, the other reason why I have chosen to stick with the website, ZaKenya is their high level of concern and communication. Communication is crucial in ensuring that there is successful relay of information on the website about Kenya. The experts on ZaKenya website about Kenya always keep all writers posted and informed. I am glad I had the chance to know about ZaKenya. Long Live ZaKenya.