High Return Businesses to Invest in Post-Coronavirus

The International
Labour Organization (ILO) has warned that almost 25 million jobs could be lost worldwide
as a result of the covid-19 coronavirus.

This
prediction is the reality on the ground already since many people have closed
their businesses to stay away from the risk of infection in Kenya. Many Kenyans
survive on daily wages from casual labour and with the lockdown of some of the
sectors that create opportunities for many of them, life is shifting from bad
to worse.

But when
we fall, we should get up again and continue with life.

See: Enduring Financial Lessons From Our African Mothers

The coronavirus
pandemic is just a bump on the road for many and once this has passed, those
who plan for what comes next will be the ones to reap the benefits.

There are
several opportunities to get from this season and one of them is creating a
business which could provide the solutions people will be seeking once the
outbreak has been controlled.

Food

With this
in mind, food tops the list.

This is the time for small farmers to position themselves for future post-coronavirus. Since people will always eat, the idea is to ensure that for the small producers, they can start planning to grow their businesses by growing foods that are always in demands.

Read: Getting New Side Hustle in Kenya Now Easy With SwiftAide

Greens and
vegetables are hard to come by and only in plenty during the rainy seasons. If the
small farmer can plan to be producing these throughout the year, then they are well
placed for life after the virus which has forced the world to a lockdown.

Coding

Another opportunity
lies in small day to day chores like cleaning, cooking etc.

Companies like SwiftAide are already creating an ecosystem where whatever service provider you need is available from the comfort of your home.

SwiftAide
is a pool of service providers and users on one platform where convenience,
quality and reliability are offered in an ecosystem that is meant to make life
easier for users especially job seekers and those seeking services.

For those
who can code, creating a similar solution for the needs many people have will
definitely be a worthwhile investment.

Recycling

If you are
saving the earth, then recycling could be your thing.

Recycling has
become a whole employment sector by itself with support from governments, UN
bodies and corporates.

In Kenya,
plastic waste is a big challenge but it also has immense opportunities for
those who can venture into it.

The Kenya
Association of Manufacturers CEO, Phyllis Wakiaga, says that the plastics value
chain in Kenya is working collaboratively to find ways of enhancing the
circularity of the plastic material.

Also, read: Super Rich Kenyans Who Are Not So Philanthropic!

With this
kind of approach, anyone who ventures into this will no doubt make hay while
the sun shines.

Already,
there are companies targeting innovators from universities and colleges, Small
and Medium Enterprises (SMEs) and the Jua Kali sector to provide recycling
services.

One such
initiative is driven by plastic waste recycle social enterprise T3 (Trash
Thread Textile). The aim of the challenge is to seek an innovative way of
providing baling to the plastic waste management industry.

Eventually,
it seeks to create a baling company in Kenya, by Kenyans as a means of evolving
a baling industry in the country.

Baling
involves the compression of bulky materials into easier packages. The technique
is popular among hay farmers, but also functions with plastic waste management.

Value Addition

There are
many opportunities that lie in adding value to products and service in Kenya. For
instance, sine agriculture remains the country’s economic backbone, it means
that there is still more that needs to be done to add value to what Kenyans produce.

For instance,
many farmers produce milk and sell it as it is while there is still so much
more that could be done to double or triple the prices one gets for their fresh
milk.

What of
producing yoghurt, creams, butter, cheeses etc? 
By so doing,, a farmer will make so much more from their milk than just
retailing it when fresh.

Other services
that can do with value addition are event planning, deejaying and many more that
could earn you a pretty penny when done right.

While there
are many opportunities out here, the post-coronavirus period will bring these
and more and only the innovative will manage to reap from it.

Read >> How Kenyans Can Find the Right Jobs

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