Investing is one of the best ways to build and grow your wealth over time. Yes, with the right investments, you can grow streams of passive income to supplement your regular income and even shield yourself from the growing inflation. If you are looking for the best investment options in Kenya to attain your long-term financial goals, then you are in the right place! Here we’ll review some of the best investments Kenya you can go for:
Buy Land for Speculation
Real estate remains one of the best investments Kenya as the sector has shown resilience and continuous growth over the years. The beauty is that there are many nice real estate investment options in Kenya.
For example, you can invest in land for speculation keeping in mind that land has typically appreciated in value over the years.
In fact, according to one report published in February 2024, the price of an acre in Ngong appreciated by 21.4 per cent in 2023 to Sh35 million, while in Thika, an acre rose by 17.8 per cent to Sh27.2 million. In Syokimau, the price of an acre of land appreciated 15.8 per cent to Sh32.7 million in 2023.
You could even develop the land in Kenya you buy for residential, commercial, agricultural, and recreational use or even lease the land for some passive income.
Well, the key is to buy land in regions poised for development and expansion so that as the infrastructure improves and new developments arise, the value of land increases.
You can check out our plots for sale in Kikuyu, which is one of the prime locations you can invest in land speculation. Kikuyu is strategically located less than an hour away from Nairobi’s Central Business District (CBD) with many ongoing and planned infrastructure projects. No wonder the land value in the area is growing quite fast!
You can contact us at +254 723 97 97 97 or email us via sales@fusiongroupafrica.com to start your real estate investment in Kenya today.
Invest in Money Market Funds
Money market funds (MMFs) are among the best investments Kenya options for investors seeking low-risk investments with better returns compared to traditional savings accounts.
How do money markets work in Kenya?
In a money market funds investments you essentially place your money in a fund managed by an investment company that will in turn invest in short-term, high-quality financial instruments like treasury bills, certificates of deposit, and commercial paper on your behalf.
MMF is gaining popularity in Kenya due to their liquidity, stability, and competitive returns. There have thus been a growing number of financial institutions in Kenya that offer money market funds that cater to both individual and institutional investors.
If you are a risk-averse investor or looking for a stable income stream, you should invest in the MMF product.
Here are the steps to get started with Money Markets Funds investment in Kenya:
Step 1: Open a Brokerage Account: You need an account with an investment company or a fund manager to buy money market funds.
Step 2: Choose a Fund: Pick a money market fund to invest in. Look for one with good returns and low fees.
Step 3: Invest Your Money: Put your money into the fund.
Step 4: Start earning: The fund pays you interest based on the returns from those loans. This interest is usually higher than a regular savings account but can change over time.
You can take your money out of the fund whenever you want without penalties, making it easy to access your cash. It is one of the investment opportunities where you can invest your money and get a monthly income in Kenya!
Invest in Government Treasury Bonds and Bills
Investing in government securities, such as treasury bonds and bills, is a nice option to grow wealth in the long term.
Treasury bills are short-term instruments with maturities of up to one year, while treasury bonds have longer maturities, typically ranging from two to thirty years. These securities are considered low-risk since they are backed by the government.
Treasury bonds and bills offer fixed interest returns, making them suitable if you are seeking a stable and predictable income. The Central Bank of Kenya regularly issues these securities, and they can be purchased through commercial banks or directly from the CBK’s website.
The interest rates on these instruments are attractive, providing a reliable investment avenue for both individuals and institutions making it one of the best investments Kenya.
Invest in the Stock Market
The Nairobi Securities Exchange (NSE) is one of the leading stock exchanges in Africa, offering investors a platform to buy and sell shares of publicly listed companies. Investing in stocks can provide substantial returns, especially if you invest in companies with strong growth prospects.
Additionally, the NSE offers products like Exchange Traded Funds (ETFs) and Real Estate Investment Trusts (REITs), providing diversified investment options for investors.
Start a Business in Kenya
If you are willing to take on more risk, you could also start a business to start earning some passive income. There are many business ideas to start in Kenya in 2024, from starting a consultancy business to beauty care services. It is just about finding a well-researched opportunity that suits your interests and skills well.
Wrapping up
In a nutshell, there are many options you can go for including going for long-term investment like buying land for speculation to grow your wealth in the long run. You can contact us via +254 723 97 97 97 or email us at sales@fusiongroupafrica.com to explore real estate investment options to grow your wealth in Kenya.
