Exploring the growing fitness industry in Kenya. Kenya Entrepreneurs Look to Get Online. Growth of franchise mode of business in Kenya. Kenyan artist tackles unemployment though redesigning old shoes. Kenyan entrepreneur upcycles old clothes into functional bags. 21% of SMMEs in Kenya are licensed - report. Locals in Kenya boost dairy industry by producing cheese. PigiaMe new features opens doors for entrepreneurs in Kenya - Capital Business. PigiaMe.co.ke, one of Kenya’s leading quality classifieds website, has recently revealed a fresh new look and introduced innovative features to boost visibility and ensure listings stand out on its platform. The classifieds website has added a robust safety and quality checking system that has instilled confidence in users. The technology behind the verification system is backed by a dedicated team that reviews listings posted on the website.
PigiaMe has also taken a hard stand against fraud to keep scammers away. More sellers are now willing to take advantage of the new paid features to grow their sales further. In addition, entrepreneurs can now set up an online shop on PigiaMe by subscribing to the new Business Account, which enables them to showcase their Business in the best light, provide additional information and to build trust with potential customers. By building deeper ties with its sellers, PigiaMe also aims to further improve the safety of online shopping. Sponsored. Ethiopia: 250,000 Condos to Be Built in 20/80 Housing Scheme. By Zelalem Girma The housing scheme has not only been providing affordable houses, but also creating millions of permanent and casual jobs which contributed to the national economy. The Addis Ababa Housing Development Project Office announced that the city administration plans to build 250,000 condominium houses in the 20/80 housing scheme during the Second Growth and Transformation Plan period.
It planned to build about 40,000 housing units each year in the GTP. Office Director General Haregot Alemu told the Ethiopian Herald Thursday that though it was planned to transfer 170,000 housing units to beneficiaries in the last GTP period, 39,000 housing units could not be transferred as work on infrastructural facilities has not been completed. Currently, their construction has reached 92 percent and are expected to be handed over to beneficiaries this year, he added. According to him, most of those already registered will benefit from the housing program in the near future. Kenya: IFC Invests in Co-Op Bank to Support Entrepreneurs and Housing Finance in Kenya. Press release Washington — IFC, a member of the World Bank Group, announced today that it will provide a $105 million loan to the Co-operative Bank of Kenya (Co-op Bank) to support lending to small and medium businesses, women entrepreneurs and the housing sector. The second largest bank in Kenya by total assets, Co-op Bank has 143 branches across the country and a subsidiary in South Sudan.
Small and medium enterprises account for eighteen percent of the Bank's lending, or close to $386 million as of June 30, 2015. Co-op bank will use IFC's financing to extend a wider range of financial services to entrepreneurs, with $30 million earmarked for women-owned businesses. IFC estimates that close to 40 percent of Kenya's SMEs are owned by women, who often have more barriers to gaining access finance than their male counterparts. Alongside the investment, IFC will advise Co-op Bank on how to tailor products to the needs of women entrepreneurs. Dr. International Finance Corporation (IFC) Start-up snapshot: Turning coconut waste into an energy source. Said Twahir Start-up: Kencoco Ltd Said Twahir is co-founder of Kencoco, a Kenya-based company that makes charcoal briquettes from recycled coconut waste and charcoal dust.
The briquettes are a low-cost alternative to environmentally damaging fuels such as firewood, kerosene and wood charcoal. Previously, Twahir ran a transport business and a computer college at the Kenyan coast. He tells How we made it in Africa about the opportunities in transforming agricultural waste into energy. 1. Tell us more about your company. We make briquettes from coconut shells, husks and other biomass materials, which are abundantly available in the coastal regions of Kenya. We have a three-acre piece of land in Kikambala, Kilifi County where we produce and dry our coconut charcoal briquettes. 2.
I raised capital from my family. 3. I would convert our entire three-acres of land into a renewable energy plant. 4. I think I wasn’t very serious in the beginning. 5. Chase Bank launches SME Biz Hubs in Nairobi, Mombasa. Kenya’s Chase Bank has announced it has launched SME Biz Hubs in Nairobi and Mombasa, providing a physical setting for entrepreneurs to meet and obtain access to advisory services. Chase Bank, which hopes to become the bank of choice for Kenyan small and medium enterprises (SMEs), says the SME Biz Hub is its way of promoting Kenyan entrepreneurs. The hubs – located at Hurlingham Branch, Nairobi and Moi Avenue Branch, Mombasa – will allow Chase Bank clients and non-clients to hold meetings, while offering financial and non-financial advisory services from dedicated relationship and portfolio managers.
Internet access and meeting rooms are also available. “Entrepreneurs do not have a forum where they can meet and exchange their experiences with other entrepreneurs. They do not have a forum to engage with their financial partners. “They are at the heart of developing countries’ entrepreneurship and the source of most new employment opportunities and productive investment,” Chase Bank said.
Life-Changing Mini-Marts in Northern Kenya | Barry Segal. This is a guest post by Kathleen Colson, founder and CEO of The BOMA Project, a partner of Segal Family Foundation. On September 19, Ntiriswa Lesurkukwa rose at 5 a.m. to milk her camel and prepare a frugal breakfast--a mug of hot tea--for her husband and four young children. Then she walked 20 kilometers across the arid scrubland of Northern Kenya with her friend and business partner, Ntitoya Arbele.
"We had to walk slowly, slowly, because we feared elephants and wild animals," she said later that day. "And as we walked, we talked about how to run our new business, and how to achieve success. " Photo of Ntiriswa Lesurkukwa. Ntiriswa had been chosen to enroll in a high-impact income and savings program that helps women to "graduate" out of extreme poverty in the arid lands of Africa. After a lengthy selection process, BOMA assembles participants into business groups of three women, and helps each group to start a small, sustainable enterprise. Entrepreneur explains why it is easier to be successful in Kenya than India. A few years ago Indian-born entrepreneur Sriram Bharatam travelled to Africa as part of a trade delegation seeking business opportunities. The tour took them to Kenya, Nigeria and Ghana. Sriram Bharatam Although he had (and still has) a thriving IT business in India making “a couple million dollars” a year, he decided to move to Kenya.
The country appealed to him due to the popularity of mobile money platforms, relatively good internet connectivity and because the majority of the population is proficient in English. He extended his initial one week trip to nearly two months studying the business environment. Kenya vs India At age 39 and going through a mid-life crisis, Bharatam saw an opportunity to start a new venture in Kenya. The company has produced more than 450 ‘how to’ videos that entrepreneurs can watch to understand the basics of business management including accounting, finance, human resources and sales and marketing. “I also see many people running businesses on the side. Enterprise in Kenya: Small Business is a Big Dream. Crimea-born Sergey Maximishin grew up in the USSR and worked as a photographer with the Soviet Army. He has worked as a photographer for over two decades and has won many awards since starting his career.
Maximishin currently works for “Focus,” a German magazine. Across one square kilometer of Nairobi’s Gikomba district, more than 4,000 people work for 200 businesses that process scrap metal. Known as jua kali enterprises – the official term for people who work beneath the open sky (jua kali is Swahili for “scorching sun”) – these businesses turn empty oil barrels, construction waste, steel pipes, paint cans and other metal items into everything from pans and tools to life-size statues of animals.
Most of the workers are from western Kenya. They work 12-hour days, with no holidays, sick pay or other benefits. Recently, the jua kali industry has faced a shortage of raw materials. Text and photographs by Sergey Maximishin Enlarge Moses set up his jua kali workshop ten years ago. Q&A: A Kenyan Startup That Has Bikers' Back, Literally. Itnewsafrica.com What do you get when an electronics engineer, a certified accountant and an IT guru come together and decide to become social entrepreneurs?
CladLight. At least that holds true for the CladLight’s trio founders that comprise brothers Charles and Joseph Muchene and friend Michael Gathogo. CladLight is a social enterprise that addresses motorcyclists’ safety through a sustainable business model. Motorcycle accidents in Kenya have become prevalent to the point where major hospitals have annexed special wings for bike victims while riders have also earned the moniker “organ donors” due to the high mortality rates. The World Health Organisation (WHO) estimates that there are between 3,000 and 13,000 accidents annually while Kenyan government figures indicated that the number is sandwiched between the aforementioned figures at 6,205 as at 2013.
Fatalities are however high at 3,000 per year most of whom are pedestrians and motorcycle riders. CladLight: Well, they are pretty smart. Law graduate turns bananas into flour. Kenya's new law to open the door to investors in micro, small - Business - www.theeastafrican.co.ke. Www.africareport.com - Color Creations, Kenya. Tabitha Karanja : Beer boss who took on drinks giant. Tabitha Karanja is the chief executive of Keroche BreweriesThe company is the first Kenyan-owned beer manufacturerKaranja calls for a change in culture to help create more female entrepreneurs (CNN) -- She ventured where few before her had dared, taking on a decades-long business monopoly and overcoming gender stereotypes to become a major player in her country's lucrative drinks industry.
As chief executive of Keroche Breweries, Tabitha Karanja has paved the way for many other female entrepreneurs in Kenya, a country where women are traditionally scarce in the boardrooms, and even rarer in million-dollar startups. Against all odds, the 48-year-old entrepreneur has painstakingly turned the first Kenyan-owned brewery into a lucrative business.
In the process, she had to succeed where others had tried and failed in the face of an entrenched monopoly: East African Breweries. Brewing CEO: How to survive in Africa Female boss on becoming an icon Read this: ' Why women will change world' Investment banker who turned to pizza - Magazines. Ritesh Doshi, CEO, Naked Pizza, Nairobi. Photo/File In Summary Ritesh Doshi, CEO, Naked Pizza, Nairobi Age:32 Education: Brookhouse School, Nairobi (1994-1998)London School of Economics (LSE) (1998-2001) BSc in Management Career: Credit Suisse (2000 - 2002) Investment Banking & Private Equity London & New York Probitas Partners (2002 - 2006) Private Equity London, San Francisco, New York Entrepreneur & Consultant (2006 - 2008) London, Nairobi, Kigali HSBC Bank (2008 - 2012) International Manager London & Amman (Jordan) Naked Pizza Kenya (2012 - Present) CEO (but really Chief Pizza Officer) Nairobi What does an investment banker do after 12 years of working in London, New York, San Francisco, the Middle East and Asia when they experience what they call a “quarter-life crisis”?
“I was in my 20s, making rich people richer. But the financial crunch hit and as things went into a small spin, he took up a job offer with HSBC Bank and found himself back in London. Naked Pizza. Something like that. Opportunities - KenInvest. Jay Bhalla tells the Kenya Open Data Story. Entrepreneur: Kamongo Waste Paper.