Wazua
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Earning 100k and above
Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Kusadikika wrote:A 20 year mortgage on 5 million shillings at 15% interest requires monthly payment of 65 thousand shillings for 20 years!!! Who is buying 20 million shilling apartments? A small group of people called investors. All of Nairobi expansion, new estates etc are built on grabbed/stolen land, Railways had a lot of land in places like lavington, all that "flats" since 2000 is railways stolen land, Nairobi University had several houses in lavington, kileleleshwa etc all those ended silently in private hands, sio Kenya power, na several other parastals, all these are built by people who have entered the gravy train and stolen some big government property somewhere just like that, its what people fight for in garment. A New Kenya
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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If I steal a garment plot in lavington and collude with a developer, and we build 20 apartments, we just need to sell 2 apartments, to clear our loan, or top up and steal another house and bomoa it and build another set as we play games with the Banks! Nini ngumu hapo? A New Kenya
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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hamburglar wrote:masukuma wrote:hamburglar wrote:Guys. There is a lot of "dirty" money floating around Kenya. Most people commenting here are "squares", working stiffs doing 9-5, which is very honorable, but there is a demographic that's making more money than god every day in this Nairobi. I've had the pleasure or displeasure of meeting quite a few young guys who are making so much money every day and investing it in real estate. Right now I know a 30 something year old guy that is erecting apartments in Kileleshwa and says that he already has buyers and knows that some of the units will be rented long term. He needs somewhere to invest his money and what better place than buying real estate. If you are not part of the "clique" you will always be wondering how some things are possible, but you would all be surprised to see the bank statements of some of these relatively young guys around this city. Not everything is black and white like how us regular joes think, the former CJ called this a bandit economy and he knew exactly what he was saying. This country has its owners, the rest of us are just passing by. the question is HOW MANY ARE THESE PEOPLE? 10k, 20k, 30k PEOPLE? Probably less than 1k people. yes - definitely. So we actually do have less than 150k people who make 100k a month - (regardless of how they make it) ... sio? this is not to say there is a dude who is not making 50m a month... We are talking about the count of people earning 100k and above being really really small. All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Member Joined: 12/17/2011 Posts: 887
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masukuma wrote:hamburglar wrote:masukuma wrote:hamburglar wrote:Guys. There is a lot of "dirty" money floating around Kenya. Most people commenting here are "squares", working stiffs doing 9-5, which is very honorable, but there is a demographic that's making more money than god every day in this Nairobi. I've had the pleasure or displeasure of meeting quite a few young guys who are making so much money every day and investing it in real estate. Right now I know a 30 something year old guy that is erecting apartments in Kileleshwa and says that he already has buyers and knows that some of the units will be rented long term. He needs somewhere to invest his money and what better place than buying real estate. If you are not part of the "clique" you will always be wondering how some things are possible, but you would all be surprised to see the bank statements of some of these relatively young guys around this city. Not everything is black and white like how us regular joes think, the former CJ called this a bandit economy and he knew exactly what he was saying. This country has its owners, the rest of us are just passing by. the question is HOW MANY ARE THESE PEOPLE? 10k, 20k, 30k PEOPLE? Probably less than 1k people. yes - definitely. So we actually do have less than 150k people who make 100k a month - (regardless of how they make it) ... sio? this is not to say there is a dude who is not making 50m a month... We are talking about the count of people earning 100k and above being really really small. I have never really thought about it like that. Sounds like a really small percentage it's almost unbelievable. 100k is not a lot of money, shoot, that's money that you can blow on a wild weekend. It's just crazy that so few people make that much? But then again, there was a survey that said that poor people are generally happier than the rich, so maybe doing less than 100k is not such a bad deal after all. I don't know.
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Rank: Member Joined: 1/22/2015 Posts: 682
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newfarer wrote:having worked within payrolls of several large Kenyan organisations I can confirm that very very few Kenyans hit 100k.if you are there, thank God.normally,in organisations with 500 permanent employees less than 25 will get 100k Here is an accountant who has spoken. This is the guy who actually sees bank statements of Nairobians. He is the msema kweli. The rest are talking in mere speculations.
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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murchr wrote:There seems to be some kind of denial that we are indeed a poor country. We are. Poor sounds and looks good, we are paupers. To understand our level of poverty, today apple's market cap hit $900Billion. Our entire NSE is struggling at $20B! Tafakari hayo. i.am.back!!!!
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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hamburglar wrote:masukuma wrote:hamburglar wrote:masukuma wrote:hamburglar wrote:Guys. There is a lot of "dirty" money floating around Kenya. Most people commenting here are "squares", working stiffs doing 9-5, which is very honorable, but there is a demographic that's making more money than god every day in this Nairobi. I've had the pleasure or displeasure of meeting quite a few young guys who are making so much money every day and investing it in real estate. Right now I know a 30 something year old guy that is erecting apartments in Kileleshwa and says that he already has buyers and knows that some of the units will be rented long term. He needs somewhere to invest his money and what better place than buying real estate. If you are not part of the "clique" you will always be wondering how some things are possible, but you would all be surprised to see the bank statements of some of these relatively young guys around this city. Not everything is black and white like how us regular joes think, the former CJ called this a bandit economy and he knew exactly what he was saying. This country has its owners, the rest of us are just passing by. the question is HOW MANY ARE THESE PEOPLE? 10k, 20k, 30k PEOPLE? Probably less than 1k people. yes - definitely. So we actually do have less than 150k people who make 100k a month - (regardless of how they make it) ... sio? this is not to say there is a dude who is not making 50m a month... We are talking about the count of people earning 100k and above being really really small. I have never really thought about it like that. Sounds like a really small percentage it's almost unbelievable. 100k is not a lot of money, shoot, that's money that you can blow on a wild weekend. It's just crazy that so few people make that much? But then again, there was a survey that said that poor people are generally happier than the rich, so maybe doing less than 100k is not such a bad deal after all. I don't know. Just thought of it too. Imagine this. The bulk of Kenya formal employees is definitely with govt. Now think of the average salaries in those people 1. Teachers-Hundrend of thousands-Average 30k pm 2. Nurses- Around 50k?- Average 35k pm 3. Police- Around 200k?- Average 35k pm 4. Army- Around 100k? - Average 40k pm 5. KRA-About 200k? Average 60k On the private sector side, even the companies that employs the most people eg Safaricom with about 3k people, averages 70k. Actually the bulk of their employees must be at less than 60k. And this is in a country where some guys earn 1m plus in the same sectors
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Rank: Member Joined: 9/2/2010 Posts: 845
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this week, more than 100 angry people stormed a hospital in kikuyu demanding the release of a patient detained juu ya bill ya 180k. it took intervention of sonko to get the matter settled. two weeks ago, sonko was called in to clear hospital bill ya 260k for victims of the election violence in migori. if kenya had so many self-employed and business people making 100k, these would be small issues to be sorted by wanakijiji and local businessmen. hata hiyo mob ya watu 100 kila mtu angetoa 2k and that story would have ended bila drama. but 100k+ people are few and far between. All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Member Joined: 6/22/2011 Posts: 561 Location: House
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There a company my friend files returns for. Its an international company with an office here in kenya. Of the 21 local guys working there, the average salary is 170k p month with only 7 earning below 100k but above 50k
These type of companies in Kenya are as rare as brookside milk in Migori
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Rank: Member Joined: 1/15/2015 Posts: 681 Location: Kenya
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60% Learning, 30% synthesizing, 10% Debating
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Quote:The Growth of High Net Worth Individuals - According to the Knight Frank Wealth report 2017, Kenya had 9,400 high net worth individuals in 2016 and the number is expected to increase to 16,900 over the next 10 years. High net-worth individuals, according to the report, are persons with a net worth exceeding USD 1.0 mn (Kshs 103.3 mn) excluding their primary residence. If such an individual invests at least 25.0% of their assets in real estate, they can afford a Kshs 25.8 mn house. The number of high net worth Kenyans grew by 93.0% between 2006 and 2016, and is projected to grow by 80.0% over 10 years to 2026 supported by entrepreneurial growth, and increased number of senior level employment in large and growing corporates, indicating the potential for increased demand, We are indeed a poor country If Obiero did it, Who Am I?
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