How to Start an Agribusiness in Kenya

Agriculture is one of the biggest contributors to Kenya’s gross domestic product (GDP). It contributes to 24% of the country’s GDP and accounts for 65% of the exports. However, there are still many available opportunities in this sector through Agribusiness in Kenya.

Agribusiness in Kenya

If you are thinking of having a piece of this vast industry here is how you can start your agribusiness in Kenya;

Research and Find Out Your Product

Before you submerge your head into this industry, it is essential to know your product. Carry out a comprehensive research and know what you need to deal in.

There are various agribusiness ideas. Some include; dairy farming, vegetable production, potato farming, poultry rearing, egg supplying, tomato farming, fruit farming, etc.

Look at the climate, location, or the prevailing market forces. Find your niche sector and if the pros outweigh the cons then you are good to go.

Come Up with a Business Plan

For your agribusiness plan in Kenya to have a firm foundation, you have to come up with a decent business plan. It does not have to be complicated.

This blueprint acts as a guide in situations such as fund allocation, bills, and location of the business.

Capital

Capital is a very essential aspect to any agribusiness venture. This can come from personal savings, loans, grants, help from family or friends and so much more.

Agribusiness doesn’t necessarily need you to break your back or bank. You can start small and make your way up slowly. However, you need a stable source of funds when you start out in order to lay a strong foundation.

Carry out research on your specific niche from other established and successful agribusinesses and see what the cost is.

Register Your Business

This is one of the areas that many people assume. It is essential to register your agribusiness venture. You should set it up as a company, a partnership or sole proprietorship.

Registering your agribusiness makes it easy to do business with corporate clients or even financial institutions like banks.

Set Up Your Business

As soon as you are done with the above steps you can simply set up your business and take off. Market your business where necessary. You can start with friends and family as you make your way up. Use social media where necessary because it’s a fast and effective avenue.

Just remember, thorough research and financial discipline is very essential when you carry out agribusiness in Kenya.