KTalkers Clued in on Savings and Investments... Advice Needed..(4 a Friend)

A close friend of mine has about 3M Kenya Shillings that he has recieved as part of inheritance and he was wondering what is the Highest Return earning investment that he could make with this cash in the Next 12 months before he decides what to do with it?

He is Not interested in investing in Commodities,Shares,Stocks etc juu ya the Headache involved plus he is away from Kenya and doesn`t need the headache.
He is thinking more on the lines of a simple High interest earning account or something like that…
@Okiya . @shocks and anyone else please advise.

sportpesa

if he wants risk free, mwambie anunue 364 day bill, next auction ni next Monday.
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Kama anataka a little risk, mwambie anunue shares za KCB / Equity, atakuwa amekula ka capital gains + div. by next year

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If he is away, tell him to buy plots … he will definately profit. No risks here

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Tell him to invest in Uhuru Kenyatta…yes you read it right and returns are huge.He will be re-elected definately so your friend should get someone who knows somebody close to the president.Contribute that Ksh 3M into his campaign kitty and leave your address.Once he is in power you get rewarded big…

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Mwambie anipatie ntarudisha with 600 k on top 12 months

seconded!!!

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Ningekusaidia lakini ulitusi single mathas . Why not consult with waweru?

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He is asking for a friend.

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Fixed deposit account kwa the small banks they have higher intrest rates

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Is the friend called Waweru?

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Hizo akule mandazi apate afya ya mwili. Hakuna haja ya kusumbuliwa akili na peni nane.

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ROR! you dont have 3 mirrions! you aint playing on no money-hungry bisches with that shtick!

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Panafrica money market-18%. Chase Bank 16%.

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These banks must work extremely hard next year to maintain same profit trend. South Sudan is currently a very hopeless country these banks have to look for compensating profits from elsewhere. By December the kenya shilling will be stronger than their currency.

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Seems your friend prefers alternative investment options rather than the traditional ones kama shares,bonds etc .Nowdays kuna new ways za kuinvest your cash with above average market returns. Actually at the Cytonn are taking the same root… they have many financial investment plans that gives you interest returns of up to 18% .Their minimum investment money is 1M ,so with 3M you can really get good returns.
With your 3M you can invest in real estate .More guyz from overseas are now investing in real estate because the returns per annum is about 24%. This is a good bargain considering that banks give you interest returns of less than 10%.
Kabuda, you can connect me to that friend of yours if anahitaji kujua mob before making any investment decisions more so with that kind of money

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Bank of Africa fixed account(monthly )…I put 1.35m and I do receive 70-95K interest monthly…For 1m you can get 6.5% interest monthly…

I would prefer when people tell someone to invest in real estate they can be specific.

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No bank does that, the bank will run at a loss… normal market rate ranges from 5-8%

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Interest of 70k-90k monthly means they offer you interest rate of 63%-80% per annum. Really???

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