Actually I am an IT Guy... world reknown in my field of specialization...i however dislike Apple :)

@masukuma, why the dislike? @kenyalyrics, et al, fill us in on the details of this idea as requested by @young #post48

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I don't own any but i hear wazees talk of small risks in this real estate investment.

What about transport services? Options -
2. Buying muguu kumi FVZ, Tata,Scania etc and supply constuction materials such as sand, kokoto, and if you buy a tipper you can also do soil dumping. For FVZ you will have to tim up 7m to 8.5m but can find second hand with that amount. For others may be you can buy cash.
3. Medium load transport. Buy Isuzu FRR, OR MIT FH and transport goods, Mbao, Ndizi, cement, sokeri, etc
4. Buy a bus (coach) and ferry people from town to town e.g Kisumu kenya to Malindi via Mombasa Kenya etc
5.Mathree?

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If you are not yet decided don't let your money stay with the banks. Risk something and buy plots/land in developing areas. Give youself time while the value of land is appr...

By the way are you a home owner? If not and you have a family or starting one, just have it in mind that you need your own house. I won't write here that you take all 7m to a house. But you can build it this way. Identify a place buy a GENUINE plot. If not so developed don't even fence but ensure you can see all the beacons. If dev.. consider fencing and planting some trees. You will put your house here. Then Buy 1 or two more plots that you will sell later after a yr or so. This will give you money to build hs. 3m gone

Still too all depends with you and your lifestyle. Degrees or not take heed to graduation ceremonies and see for yrself the multitude. (I cant do that bcoz i am that)
Then don't be so exited to include everyone, f members etc to your 7m.
Last don't invest everything and leave nothing for your expenses. If you have some sources fine. if not just make sure you have enough to take u thru b4 reaping from invest..
Finally .....Blessed is the hand that giveth than the one that taketh.... Invest first and generously give the fruits

Sincere wishes

@Young, I am speaking from my experience. I am a software developer and most of my friends are as well. I know of friends who've managed to set up Java mobile application development companies for as low as 1m. An iOS development company would need Objective C developers, who are rarer and thus more expensive, so I simply tripled my lowest estimate.

But for your sake, I will try a breakdown:

- Physical location does not matter in a mobile app company. They would be selling applications on iTunes to US citizens. So the only location that matters is whether the app is prominently displayed on iTunes or not. This means that @masukuma can house the developers even in his home if he wishes. Location cost: immaterial.

- cost of furnishing and sundry: immaterial. As I said, @masukuma can even house them in his home.

- cost of acquisition of computer hardware: (Assuming 5 iMacs capable of running Software Development Kits) around 500k. Take note that a lot of developers have their own computers, so this cost might even come to be zero.

- cost of software license: Apple computers come bundled with licensed software, so this cost is in the 500k above. The only other software overhead is the iTunes subscription fee, which is 100 dollars a year.

- cost of salaries: depends. From my experience, 50k average. Meaning 250k a month.

- cost for utilities and stationery: software development companies are usually paperless offices, so this cost is immaterial as well.

- cost of registration and biz name: 50k

- cost of advertising and marketing: could be zero if your applications could be shared via social media or word-of-mouth

That comes to WAY less than 4m capital. But I suggested 4m because I know s**t happens in business.

@Kenyanlyrics Who has ever succeeded in anything they don't like doing? How many people have created apps and are not able to sell them either on itunes or Android market?