Very true...started a tech company 2 years ago...it's worth millions now...far superior returns than the NSE...

Was fortunate enough to land a relatively well paying job (40k pm back in 2004) straight out of campus. Bought 2 plots through my dads sacco for a 100k each - gave one to my dad for being a stand up guy and kept the other. Was quite frugal - lived at home and never bought a car even as peers did.

Dabbled in NSE and won some and lost some - in long run broke even.

Joined Big 4 - in Kenya and was fortunate to land a Big 4 job in the Islands paying roughly 500k tax free when I was 27. Was quite frugal and aggressive at saving. Bought more land. After two years in Islands, financial crisis hit and relocated to kenya with roughly 5 m in Cash and dreams of building an empire.

Found a clearing and forwarding fella who owned a transportation biz with 3 prime movers - said he was consolidating shipments for Thika road imports and was required to move to Dubai so was selling trucks and guaranteeing at least 3 containers a week per truck. Math was amazing – worked out to roughly 600k gross per week and a payback period of less than 12 months based on projections. Did as much due diligence as I could at the time and signed agreements with him in front of lawyers. Got in only to realise the chap was full of BS. Barely a container a week and even then was not paying when he did deliver.

Contemplated suing him for breach of agreements but learnt that the fella was broke so was not worth the litigation cost. After a year of trying to make it work, gave up and sold trucks at a loss - probably lost 1.5 m over the time.Went back into employment and decided to focus on real estate.
Have several rental properties now which provide decent monthly income and happy with direction.

Lessons learnt - transport biz is not for faint hearted. Everyone is out to get you. Owner is always last to get paid after employees, agents, police, government etc- yet he takes all the risks.

Real estate has been good to me- especially rental properties. Have both income and capital gains. Only downside is unlike shares limited liquidity should I want to cash out.

In business, you will get taken no matter how much DD u do. So never invest in an operational business, you are not willing to lose significantly on - and chalk it up to learning.

The margins in this business are amazing and expansion worldwide is much easier

@Kitabu_chako. Welcome to Wazua.

Just as an introduction, Wazua hatupendi ujinga. Predictions straight out of your a$$ are not good.
Your prediction is very wrong. Here is why
Kenya GDP in 2030 is estimated to be between 200-250 billion dollars. Up from 75 billion now.

When you look at other countries the top richest people (0.01% of the population)own between 0.5% of the total economy in portugal to 2.7% of the economy in Colombia.

Let's say in Kenya its higher than the highest at 3%. Basically the super rich(0.01%) of the population will own 7.5Billion dollars). This combined population of the super rich will be 6000-10000 people based of the population estimates will own 7.5 Billion I dont see how one of them will have a whooping 1 billion dollars to himself.

Your prediction is highly unlikely but if you have some facts or you can elaborate a little more we will highly appreciate to get some insight.

Welcome to Wazua na usome Kitabu! Prrriss!

If thats your thinking then you will not start or succeed in business...if you have succeeded so far then you are lucky

1. Never mind copy cats...nobody succeeds by copying another...if they beat you with your idea then you failed to implement it...


2. Many big businesses today never started with patents or have no patents!

3. There are a lot of things which drive a business forward i.e customer service