Here’s a list and explanation of top businesses in Kenya often humorously or critically referred to as “get-rich-quick” schemes or lucrative ventures:
1. Politics
Politics is often seen as one of the fastest ways to accumulate wealth in Kenya. Politicians earn massive salaries, allowances, and perks, with access to public resources that sometimes lead to misuse and embezzlement. Success in politics can indeed make one a millionaire overnight, but it’s often at the cost of intense competition, alliances, and controversy.
2. Church
Religious institutions, particularly mega-churches, have become wealth-generating enterprises. With tithes, offerings, partnerships, and donations, some church leaders have amassed great fortunes. While many operate ethically, critics point to cases of exploitation of believers under the guise of faith and prosperity gospel.
3. Wash Wash (Money Laundering)
The infamous “wash wash” business refers to fraudulent financial schemes like money laundering, counterfeit currency production, and fake gold deals. Although it’s illegal, stories of individuals amassing vast fortunes through these activities have captured public attention. The risks, however, are extremely high, including legal repercussions and loss of reputation.
4. Pharmaceuticals Industry
Legitimate pharmaceutical ventures, such as owning pharmacies or distributing essential drugs, are highly profitable due to the demand for healthcare products. However, controversies arise when individuals profit from counterfeit medicines or inflated government contracts in the healthcare sector.
5. Rosecoco Industry for Ladies (Prostitution)
Prostitution, though illegal in Kenya, is a reality in urban centers. The industry caters to a wide clientele, and some individuals have reportedly made significant wealth through it. However, it carries moral, legal, and health implications, as well as societal stigma.
6. Blogging for the Government
Government-aligned bloggers, often referred to as “keyboard warriors,” can earn hefty paychecks for promoting government narratives or discrediting political opponents. With lucrative contracts for online campaigns and PR, this can be a quick way to gain wealth if aligned with the right individuals or parties.
7. Betting
The betting industry in Kenya has seen explosive growth, with millions of shillings changing hands daily. While most bettors lose money, the owners of betting companies and platforms rake in significant profits. For individuals, winning big in betting can provide overnight wealth, though the odds are incredibly slim.
8. Land Speculation
Real estate, particularly land speculation, is one of the most lucrative businesses in Kenya. Buying land in developing areas and selling it at higher prices can yield massive returns. This is a legitimate and less controversial pathway to wealth, though it requires substantial initial capital and market insight.
9. Tenderpreneurship
Winning government tenders is another fast-track to becoming a millionaire. Tenderpreneurs often secure lucrative contracts to supply goods or services, sometimes with inflated prices or through questionable means. While profitable, it’s often riddled with allegations of corruption and favoritism.
10. Content Creation and Influencing
With the rise of social media platforms, Kenyan content creators and influencers have turned their talents into wealth. Those who land lucrative brand endorsements or go viral can amass significant income in a short time, making this a popular and fast-growing industry.
Conclusion
While many of these avenues can lead to wealth accumulation, not all are ethical or sustainable. It’s always advisable to pursue ventures that align with moral values, legality, and long-term growth. Wealth gained through transparency and hard work often provides more lasting fulfillment.
