Jane, (Not her real name) called me last week and told me that she had been referred to me by her elder brother for advice on real estate. Jane was very excited about the 3% mortgage and car loans that the Government is giving to public officers. In fact, when she called me, she was at a developers office ready to put down a down payment for an apartment off Mombasa road. After a small chat with her, she...
My people, the sons and daughters of Gikuyu and Mumbi are known to be super savers. Am sure we all have examples of men and women who are continuous savers and rarely get time to enjoy the money. Mr Kamau (not his real name) runs a successful business in Nairobi with branches in a few counties. He is married and has a son who just graduated from the University. A few years ago, there was a meeting in a...
John (not his real name) has been my friend for many years and he shares with me about his investment plans. The other day he told me something that left me thinking about the future. John and his brother Peter are the only children of their single mother (call her Mary). Their mother has worked tirelessly to pay for their school fees through to University where they now have at least one degree each....
A few years ago, there was a company that was tendering to transport university students from Nairobi to Machakos daily to attend classes. They had an interesting concept. While their competitors were looking for a 1 year contract, they wanted a 5 year contract after which they would surrender those buses to the university. I thought this was a clever way of ensuring continued business for 5 years and...
Are you looking to invest Kshs 2 Billion? This is how. There is an almost 200 acre parcel of land for sale in Limuru, in my opinion, this land has an unprecedented potential. When i saw this land advertised, I thought to myself, “who would be most suitable to benefit from this great opportunity?” My first guess is a bank or an insurance company. I estimate the value of the land to be approximately...
Write down what you are looking to buy. Be as clear as possible. Eg 5 acres in a high altitude area (above 2000m) suitable for eucalyptus tree farming within a total budget of kshs 1 million or 4brm town house with SQ in syokimau within a gated community. Budget of 12million. This will assist you to filter out what you don’t need. Talk to your valuer. He will do due diligence for you and advice...
Chama dynamics What is your new year resolution? Is it to form a Chama and invest together with your friends? You can decide to do a Chama the kienyeji way or you can decide to be structured and have a long term view of what you want to achieve. ‘ To do Chama the official way, two aspects are involved. One is the legal part where you get registered as a legal entity. This the lawyer can help you or...