Showing posts with label entrepreneurs. Show all posts
Showing posts with label entrepreneurs. Show all posts

Monday, January 2, 2012

Astia Global Entrepreneur Program - Call for Applications


The Astia Community is an unparalleled resource for success - a transformative program designed by entrepreneurs for entrepreneurs who want to become dominant players in their sectors.

Who Should Apply?

Exceptional women-led high growth start-ups who know that success is not just about raising money but about growing a business and thriving in today's tough market.
Applications are taken on a rolling basis.

Apply today if you have...

• An innovative idea in either the Technology, Life Sciences or Clean Tech sectors
• A high-growth investment opportunity
• An exceptional team and business strategy
• A significant market opportunity
• A defendable competitive advantage
• At least one woman in a leadership role (at C level) or in significant position of equity and influence


Thursday, November 3, 2011

John S. Knight Journalism Fellowships

The John S. Knight Fellowships accepts applications from qualified journalists and journalism entrepreneurs from around the world for 20 Fellowships each year. Selected journalists will spend a year at Stanford, developing their knowledge and skills, as well as ideas for the betterment of journalism.

Fellows receive a stipend of $60,000, plus Stanford tuition and supplements for moving expenses, health insurance, books, housing and childcare. The deadline to apply is December 1st 2011.

For more information and to apply, visit http://knight.stanford.edu/application/

To find more fellowship opportunities, visit http://www.yipekenya.org/News.htm

Thursday, October 20, 2011

Ashoka – 20 Challenges for 20 Entrepreneurs

Ashoka, the world’s largest community of social entrepreneurs, with support from its global network of Fellows, business entrepreneurs, policy makers, investors, academics, and journalists works collectively to ensure that social entrepreneurs and their innovations continue to inspire a new generation of local changemakers to create positive social change.

During the past three decades after its launch, Ashoka has responded to a wider range of programs and initiatives to deal with the citizen sector’s growing needs by launching thousands of social entrepreneurs and helping them succeed.

In continuation of its efforts to achieve its objectives, Ashoka has now taken up to explore the challenges facing the world today and as a result it has determined 20 main issues that require an immediate attention of excellent entrepreneurs (social or business).

Wednesday, September 21, 2011

September 2011 Events

September 24th 2011: The Botswana Amateur Arts Festival (BAAF)
Venue: Maitisong Gaborone starting at 08:00


The Botswana Amateur Arts Festival (BAAF) is a unique festival dedicated to providing a strong platform for young performers and generate increased exposure for the arts.
The BAAF aims to be a world class performing arts festival that is noticeable in Botswana and internationally.

This is a unique festival that awards amateur artists an opportunity to write, direct, and manage there own production and present it to fellow participants and a panel of judges. The festival also awards the participants a chance to learn from established artists and scholars of the arts in Botswana including Artists and University lectures in small group workshops. Winners in the different categories are awarded at the end, these awards include best actor, best actress, best director, best script etc.


September 26th – 30th 2011: Tunza International Children & Youth Conference on the Environment
Venue: Bandung, Indonesia
Theme: Reshaping Our future through a Green Economy and Sustainable Lifestyle


The United Nations Environment Programme (UNEP) in collaboration with the Government of Indonesia will be organizing its Tunza International Children & Youth Conference on the Environment , from 26th to 30th September 2011. Read more »»


September 26th – October 1st 2011: 4th IMC World Forum on Music
Venue: Tallinn


The IMC World Forum on Music is a global knowledge-building platform on music and society in the 21st century. During the forum a variety of topics will be explored from diverse perspectives: cultural, political and economical. The IMC World Forum on Music is considered one of IMC’s main contributions to setting the stage for the free celebration of music in the world. For more information, visit www.imc-cim.org


September 26th – October 7th 2011: Creative Enterprise Business Skills Training
Venue: Mombasa
Time: 8.30AM – 4.30PM, Monday to Friday
Fees: Kshs. 10, 000 per person



September 26th to October 7th 2011: Entrepreneurship Training Workshops for Dynamic Entrepreneurs (ETWs)
Venue: Eldoret, Kenya


The ETWs equip business leaders with the tools, perspectives and frameworks needed to strengthen their enterprises while engaging multiple competencies for success. Read more »»


September 28th – 30th 2011: ICT Women Empowerment Africa Summit
Venue: Gallagher Convention Centre, Johannesburg, South Africa


The theme of the second annual ICT summit will be “Recognising and Empowering Women in the ICT Sector” Key Discussion Topics will include: An overview of women, gender & ICTs in a globalised economy; Initiatives & practices aimed at attracting more women into the ICT sector; keeping talented women on the road to success within the ICT industry; Empowering women in Africa to use ICT’s for personal advancement; Empowering rural women in Africa through ICT; Male control over women’s use of ICT’s; Career progression of women in the ICT industry; The role played by support systems for women in ICT; and Positioning women as key role players in the ICT market.


September 29th – 30th 2011: Tanzania Youth Entrepreneurship Summit
Venue: Ubungo Plaza, Dar-es-Salaam, Tanzania


The objective of the Tanzania Youth Entrepreneurship Summit will be to create and initiate discussions about the promotion and facilitation of small and medium enterprises growth as a solution to the escalating problem of youth unemployment in the country.

Monday, August 15, 2011

Nature Challenge Africa

This is a business plan competition targeting entrepreneurs supporting green businesses in Kenya.

It is an initiative of WWF Kenya Country Office in collaboration with the National Environment Trust Fund. The goal of this challenge is to:

  • Identify business models that have a positive and large impact on natural resources and nature conservation and
  • Ensure access to (inter) national markets, technology and finance for the most viable business cases.

For more information, visit http://bit.ly/poCpVd  

Monday, July 4, 2011

The 9th SIFE Kenya National Business and Entrepreneurship Competition

Date: July 9th 2011
Venue: Panafric Hotel, Nairobi
Time: 7.00am - 4.30pm

For the last 8 years, Students In Free Enterprise (SIFE Kenya) has mentored over 4,000 university undergraduates on business leadership through community outreach projects and business competition.

One key component of SIFE Kenya activities is an annual business competition that helps identify which university had the highest impact in its outreach projects. The winning university then proceeds for an international business competition - this year, set for Kuala Lumpur, Malaysia in early October.

Thursday, November 4, 2010

Business of the living or the dead?


A fascinating article by Kofi Akosah-Sarpong titled ‘Archbishop Palmer-Buckle’s “Funeral Oration’, published in The African Executive this week describes the growing custom among Ghanaians of spending vast amounts of money on funerals. In fact according to Akosah-Sarpong, these ‘bling’ laden funerals often leave the living in debt.

However what we found more intriguing is that the funeral business has also spurred on various related enterprises. Akosah-Sarpong writes:

“Kweku Akosah, one of the leading funeral services proprietors in Ghana, owns the Owners Funeral Services. Owners Funeral Services, driven by Ghanaians sheer obsession with the dead has grown so much that it has branches in most parts of Ghana. Akosah employs over 100 people with varied professionals – wailers, criers, dancers, praise-singers, decorators of the dead, coffin makers, musicians, tailors and seamstresses, promoters, food makers and servers among others.”

In fact death has become so commoditised in Ghana that funeral service owners like Kweku Akosah also offer further incentives to use their services such as financing.

All this in a country where the living still struggle day to day for basic living needs such as food, shelter and education.

Has death been commoditised in your country?

Sunday, October 3, 2010

Social Entrepreneurship Profile: Kibera Community Youth Solar Programme (KCYP)


Kibera Community Youth Programme is a community- based organization formed and run by a group of young people in the Kibera slum in Nairobi. The group have been manufacturing and selling solar torches going by the trade name Kibulight. 

We recently got the opportunity to briefly interview Elizabeth Otieno, a Programme Manager of the organisation regarding the group’s solar energy project. She told us though the group started assembling the Kibulight torches last year, the organisation has been implementing solar project for years. In fact in 2007, KCYP won a clean energy award in Switzerland for their solar technology program.

The market reception for the torches has been promising, though Elizabeth told us that at the price of Kshs. 3,500 (approximately US $44), the torches were beyond the pockets of the majority of the market. The price could be cheaper if the group was in a position to manufacture all the components themselves.

Another marketing challenge the group faces is the influx of cheap products from China that have flooded the Kenyan alternative energy market. Nevertheless, in spite of the challenges the group face, they continue to produce the solar torches for increased security as well as promoting the use of clean energy in Nairobi. 

Read the Kibera Community Youth solar programme profile on Yipe!

Sunday, August 29, 2010

Poverty tourism’s demand-side


Last year when we wrote on slum tourism (slum safari’s) we focused on the emergence of this niche sector as well as the incentives for young entrepreneurs in terms of low barriers to entry.

In essence the slum safari article discussed he supply-side for slum tourism. Structural factors such as rapid urbanisation leading to the growth of slums. Indeed for every urban dweller living in the developed world, two exist in the developing world; and it has been projected that this ratio will increase to three by 2025.

However comments to an article published earlier this month in the New York Times on Slumdog Tourism by Kennedy Odede who grew up in Kibera raises demand-side factors for why slum tourism is here to stay. Graphically, Odede describes his own observations as one of the tour attractions. One alarming anecdote is of a group of tourists being taken to visit a woman having a baby at home. As one commentor to the article says:
“This is the kind of story that makes me ashamed to be part of the developed world. But it has an curious angle, and it's that the onlookers, while judging, gawking, and pitying, are in fact there for their own sake. They are seeking the authenticity and reality they lack in their own lives ... We are bored, fat, and out of touch with the earth and our neighbors in it. So we pay to stare at them.”
That’s an interesting take for sure on uneven development, In this case one where poverty stricken countries have the upper hand. If only the money to assuage the feelings quoted above could trickle down to those such as the pregnant woman Odede speaks of.

But then again, if basic services such as maternal care, adequate housing, sanitation and jobs provided to the youth are provided, what then is there to show these novelty-seeking, intrepid travelers? How much does one’s dignity cost, anyway?

Saturday, August 14, 2010

Only innovation makes the leap from poverty to prosperity


A fascinating post on The Curious Capitalist blog, titled “Escaping the middle-income trap” offers valuable advice to government policy makers when planning for economic development. Kenya’s Vision 2030 proposes to make the economy a middle income country; but what happens when that is attained and the time comes to make the leap to a truly world class high-income economy?

Taking the example of Malaysia and comparing it with South Korea, the writer posits that only innovation will enable a country to break out of the trap and make the big leap to high per capita economy. In fact the writer goes so far as to say that it is easier for a country to make it to the middle income level than it is to transition into the big high income league:

"The concept behind the “middle-income trap” is quite simple: It's easier to rise from a low-income to a middle-income economy than it is to jump from a middle-income to a high-income economy. That's because when you're really poor, you can use your poverty to your advantage. Cheap wages makes a low-income economy competitive in labor-intensive manufacturing (apparel, shoes and toys, for example). Factories sprout up, creating jobs and increasing income ..."

However akin to an engine running on its own momentum, this model of high growth starts to plateau with competitiveness rising as well as labour costs of the highly educated and skilled workforce. Thus the “trap.”

And apart from lowering the entry barriers into business, it is more vital that economies begin to innovate. So not only should technocrats focus on consolidating business licences, reducing taxes and other barriers to enterprise; innovation should be actively promoted. At YIPE we call this the W.A.R factor:
  • Promoting Willingness: a scenario where financial institutions recognise the value of new technologies and entrepreneurs are willing to take risks in order to innovate;
  • Promoting the entrepreneur’s Ability: by providing a platform where entrepreneurs can grow their social capital by networking amongst other institutional challenges; and
  • Facilitating Resource transfer: by lowering the information asymmetry faced in access to credit and technical knowledge.

Sunday, August 8, 2010

Secretary Clinton's Remarks At The President's Forum with Young African Leaders

Hillary Rodham Clinton
Secretary of State
Loy Henderson Auditorium

Washington, DC
August 3, 2010

Thank you all so much. I am thrilled to see you. I had to come back to work to recover from my daughter’s wedding. (Laughter.) And one of the reasons I came back was because I wanted the chance to welcome each and every one of you here to the State Department, and to tell you how excited we are to be hosting this Young Leaders Forum.

Now, I know that later this afternoon, you will have the unique opportunity to go to the White House and to meet with President Obama. And I think from what you heard already today and the comments of my friend and extraordinary Assistant Secretary for Africa, Johnnie Carson, this Administration, from the top, is very committed to, concerned about Africa, and especially about Africa’s future, because we know that it is people like all of you and others who are not in this room today who will determine what Africa’s future will be.

I see Africa as a continent brimming with potential, a place that has so much just waiting to be grasped. Sixty percent of the population of Africa is under the age of 25. And that means that there’s a lot of work to be done to make sure that those young people are educated, are healthy, are motivated, are given the tools of opportunity. But it also means that Africa has not just the potential, but the promise of becoming a leader in innovation, in design, in creativity of all that you, your families, communities, and countries can become.

Now, people in this room have already started businesses. You have started NGOs, you have made films, you have helped to make peace, you have worked with at-risk youth, you have cared for people living with HIV/AIDS, you have fought to end mistreatment of some of Africa’s most vulnerable citizens. You have looked for solutions close to home. And you have seen unprecedented progress in your own lifetimes. Poverty and child mortality have declined across much of the continent. Primary school enrollment is up. Ghana, Botswana, South Africa, and others have all recently held elections that were models of freeness and fairness.

Across Africa, more citizens believe they now have the power and the duty to shape their own lives, to help their communities, to hold their governments accountable. So for all of the challenges, which we hear much about, I want to focus on these gains, because it is through this positive progress that we can motivate and incentivize even more to take place. And ultimately, it is up to you. The President and I very much believe in Africa’s promise and we can do what’s possible from afar to assist and to be front-row cheerleaders, if you will. But ultimately, it is up to you, and to citizens like you to make sure that we sustain and deepen the progress.

Every child, boy and girl, deserves to go as far as his or her God-given talents and potential and hard work will take that child. That means education is a right, not a luxury. It means that the best education must be made available to as many young people as possible. It means that every pregnant woman receives prenatal care and assistance for labor and delivery so the child that is brought into the world has a good start. It means that everyone has a safe environment – a house, a roof over one’s head, a fair wage for the work that is done, and that everyone is free to follow his or her conscience in religion and politics to express an opinion without fear of being marginalized, silenced, or worse. We believe that you have the talents, the determination and the ability to bring these dreams to fruition.

When President Obama spoke to the parliament of Ghana a year ago he said, Africa’s future is up to Africans. And he pledged then to work with Africa’s leaders and citizens as friends and partners in a spirit of mutual respect and accountability. We stand ready to be your partners.
What does partnership mean? Well, it means that we have to change the way we pursue development. We have to work harder to expand trade and we have to encourage more trade among African countries yourselves. It means we have to improve private sector competitiveness. Many of you have had the privilege of traveling. You’ve been to Europe. You’ve now been to the United States. You’ve seen the diaspora from your countries and you often see how successful they are. We want that success to be right where you live and to break down the barriers that still exist. (Applause.)

We want to help you modernize how you deliver and create clean energy, how you get more value for agriculture which is still the life blood and the source of income for most people in sub-Saharan Africa. We want to help you strengthen democratic institutions. Elections are great, but that’s only one part of democracy – free press, independent judiciary, respect for human rights and the rights of minorities, giving everybody a stake in their own society. We want to support women and girls to be full participants in their communities and countries. (Applause.) We want to redouble our global efforts in the fight against HIV/AIDs, tuberculosis, malaria. We want to respond to food scarcity and soaring food prices and growing populations with a multi-billion dollar initiative to help eradicate hunger and achieve food security. We want to join with you to fight against climate change, which will be devastating to Africa.

Meanwhile, we want to be sure that your voices are heard on the global stage. Johnnie was referring to my trips to Africa as First Lady. And I recognized then how much work there still was to be done to educate people in my own country about Africa. I held a roundtable for members of the White House Press Corps, and this was probably in – I don’t know, 1997 or ’98 – and one of the first questions that one of the reporters asked me – he said, what’s the capital of Africa? (Laughter.) I thought, oh, do I have a lot of work to do. (Laughter.) And we’ve made a lot of progress there, too – (laughter) but we have a long way to go. Because you know so well that when people think too often of Africa, they think of all the tragedies, the conflicts. We want people to see a more comprehensive picture.

This forum, along with the African Women’s Entrepreneurship Program, and the AGOA Forum taking place here in Washington and in Kansas City, Kansas, this week will help link African and American leaders, activists, entrepreneurs, investors, and especially young people. And we are inviting you to take advantage of that. We designed this forum not to be a one-time event; we want to create the connections that you will continue to exploit, to think about how you can tap into whatever help and skills, references and ideas that you can get from us.

We want you to take advantage of this when you go home, when you return, and maybe begin to think anew about how you can be more effective. And your generation of young Africans has already pioneered information technologies. You are connecting and empowering people in ways that we couldn’t have dreamed of even five, let alone ten years ago. For example, Ushahidi crisis management platform has become a digital tool for social change all over the world.

Ushahidi was developed by young Kenyans to map reports of violence after the election of 2007. And a lot of the young Kenyans we invited were unable to come because they’re staying to vote and to work on behalf of the constitution that will be voted on very soon. This new network has been used by citizen election monitors to help prevent fraud and violence in Burundi, India, Sudan, Guinea, Namibia. It’s revolutionizing and empowering what citizens can do without permission, just on their own. We have seen the way that sophisticated mobile communications tools have also been used in Kenya to educate and empower voters in the lead-up to the referendum on its new constitution tomorrow.

Good ideas leapfrog languages and borders. Technology created and deployed first in Africa was used by U.S. Marines in Haiti to help rescue earthquake victims, and by a Louisiana environmental group tracking efforts to clean up the Gulf oil spill We are working hard to convey that our relationship with Africa is not a one-way street. We expect to benefit. We expect to learn. We expect to look to you for models and ideas of what we can do better ourselves.

So to ensure that new technologies are used more for good – and not for ill – we have promised to work with partners in industry, academia, and NGOs to try to harness the power of connection technologies to help you spur economic, political, and social progress.

The United States has now joined with three local partners to sponsor a contest called “Apps-4-Africa” – A-p-p-s dash 4, the number, dash Africa. Software developers in Kenya, Rwanda, Uganda, and Tanzania have proposed applications for everything from educational games for mobile phones, to interactive maps that can track shortages of blood or medicines, to a mass texting app that could broadcast emergency information to rural villages. The winning apps will be announced in September. And we hope to catalyze these collaborations between technical experts and leaders of civil society to develop practical solutions that will improve people’s lives.

This concept of leapfrogging holds such great promise for Africa. You already have. You didn’t have to put up telephone poles, you went right to cell phones in many parts of Africa. Your electric grid doesn’t have to be massive. It can be local and regional and provide sources of energy from wind and solar as well as fossil fuels. We stand ready to help in any way we can.
I often say that talent is equally distributed, but opportunity is not. Africa has no shortage of ideas, innovations, or entrepreneurial drive. We want this conference to be a start, where we work with you to help you create the conditions in which your ideas can be translated into real-life solutions for Africa and beyond.

I know you’ve been going to workshops and you’ve been talking to one another, and we will maintain a kind of nerve center after this forum to stay in touch with you, to provide assistance if you request it, to connect you up with other people. It’s part of how we’re trying to redefine diplomacy, development, and statecraft in the 21st century. We recently held an entrepreneurship summit in Washington where we invited young business people from predominantly Muslim-majority countries that are lagging way behind in unleashing the entrepreneurial potential of their people. And I think people came in part because they got a free trip to Washington, but also they were curious, wondering kind of what we were up to. But what we were up to was trying to empower them as we now are trying to empower you.

We’re looking for leaders who know that empowering citizens is something that is in everyone’s best interests. The world in which we live in today – top-down hierarchical power – is not sustainable. Oh, it can stay in place for years, but eventually, it is not sustainable. There are just too many ways people are going to get too much information. And technology is going to blow the doors down on governments.

One of my hopes is that we can move toward e-government in Africa, so that you can get more quickly whatever documents you need to start that business, or to register that car, and you don’t have to go through a lot of hands to do it. We’re looking for those kinds of ideas and we want to help you bring them to fruition and then take them to scale.

I’m very excited about what’s possible with your generation in Africa. But you know as well as I that you’re here in part because you’ve already succeeded. And many of you would have the option to go nearly anywhere in the world to pursue your dreams. But you’re here because you care about the future of your families, your communities, your countries. And I urge you to stay with it. Change is not easy. And for many who try it, it can become very frustrating and even discouraging. But it is so worthy an effort, commensurate with your talents and your dedication.

You are educated beyond the average education of most of the people that you know or that you can watch as you drive down the road. You’re here because you had the opportunities and you took them. What we want to help you do is to set forth your vision and then realize it. Because it will not be just for you – although I hope every one of you becomes successful in whatever enterprise you choose to pursue – but it will help to open doors and not go over obstacles, so that people will look at you, especially people younger than you, and believe that they too have a chance for a different future.

Godspeed as you go out from this forum back to your homes, I hope, energized and knowing that no matter how hard it is, you have friends and partners who are rooting for your success.

Thank you all very much. (Applause.)

Wednesday, June 30, 2010

Disclosing Non-Disclosure

Yesterday a workshop was held by the ICT Board at the University of Nairobi’s Chiromo campus to discuss their Digital Content and Software Applications Grants. The grants have two categories that Kenyan participants can enter:
  • Government information portal: to develop solutions and products that exploit mobile and web technology in the delivery of government information or services, and 
  • Private sector content and applications: to develop innovative solutions and products that exploit mobile and web technology in the delivery of information, entertainment or services 
The venue was packed to capacity with entrepreneurs seeking to find out how their projects could benefit from this Kshs. 300 Million grant facility that is aimed at promoting the development of local digital content and software applications.

After discussing modalities regarding applications and eligibility amongst other grant criteria, one of the contentious issues that emerged was the intellectual property protection for the grant applicant’s projects.

Some participants expressed concern that even if they are not selected, their software could be used by unscrupulous people. However, one way that emerged to mitigate this was a suggestion that non-disclosure agreements could be included in the application supporting documents, if not on the online template.

Non-disclosure agreements (NDAs), also known as confidentiality agreements, or proprietary information agreements are legal contracts between at least two parties to protect non-public business information.

With the ICT Board grant form not providing for NDAs, another suggested way of intellectual  property protection was through the use of patents, copyrights and trademarks. Some participants nevertheless raised the point that the triumvirate of IP protection tools were expensive and beyond the reach of small entrepreneurs. However, a lawyer who gave a short presentation advised that in fact the cost of registering copyrights was Kshs. 600 (US$ 7.40) - not as punitive as earlier thought.

Copyrights, patents and trademarks provide innovators with exclusive rights, including the right to copy, distribute and adapt their work. These intellectual property rights also give the owners the right to commence legal proceedings to prevent unauthorized use of their innovation.

The discussion then veered onto how an entrepreneur engaging a large corporation could protect their idea from being exploited. However the unequal relationship power balance means that even though an entrepreneur may ask a corporate to sign an NDA, they do have the option of refusal. Many entrepreneurs have done away with their NDAs only to see their projects being used by the same companies they approached. In Kenya, there is also the problem of the time and expense it takes to pursue court cases which also act as a deterrence when seeking out the IP rights and protection.

The ICT Board could take up this issue to sensitise the private sector on the ethical sense of respecting the hard work of entrepreneurs. In the meantime, we will protect our innovations the best we can.

Wednesday, June 23, 2010

How entrepreneurs stay motivated


Choose a job you love and you will never have to work a day in your life. - Confucius.
We recently stumbled upon Meme (pronounced “meem”), a technology site tracking innovation, social media, culture and business. The site features an interview with Richard Branson, the renowned entrepreneur - best known for his Virgin brand of over 360 companies.

At the conclusion of the interview where Branson is asked about his philosophy on focus he responds: “I tend not to think of work as work, or business as business. I am passionate about any business or challenge I put the Virgin name to, this helps me to stay focused. I truly believe you have to love what you do and be the best in the market – simply by providing the consumer with the products they want.”

This triggered recall of another interview with social entrepreneur Ami Dar of Idealist.org on Dowser, a site that tells stories about people who are creatively attacking social problems. For those not in the know, Ami Dar is the founder of Idealist.org an interactive platform where people and organizations can take steps towards building a world where all people can lead free and dignified lives.

When discussing what motivates him, Ami Dar in the Dowser interview said “It can be frustrating at times, but when people ask me, ‘How do you motivate yourself, how do you keep going,’ I’ve never felt that I have a choice.  I’ve never in a million years imagined working for a different organization.  This isn’t a job, it’s not a workplace. It’s what I do.”

After the initial excitement of the brain wave that will change the world and revolutionise society has long ended; and the entrepreneur sets to the task of actually making their vision happen, sometimes set backs or sheer fatigue sets in. Then the visionary who was once so elated over their business idea starts to view it as work.

Though it has been said that employees work in a business while entrepreneurs work on their business, however particularly for the micro-entrepreneur sometimes all of a sudden the purpose of the idea looses prominence and the entrepreneur only sees the necessity of getting the work done.

After a while even that business plan we spent so much time on prior to launch gets thrown by the way side and it becomes a matter of survival to stay afloat. At this time it’s important to step aside, pick up the plan and assess whether you still see the bigger picture and whether it still excites you. If it does, then like Richard Branson and Ami Dar think of your business as a vocation. Your legacy to the world.

Then … just get back to work!

Tuesday, June 15, 2010

East African entrepreneurs need a level playing field in the new Common Market


The regional integration of the East Africa community is finally here. With the promise of trade barriers falling, for East African entrepreneurs this bodes well in a common market of 130 million people.

After the collapse of the East African Community in 1977 due to political wrangling, there is a renewed sense of hope of expanded trade in a wider market. So far the revamped East African Community has set about the arduous task of harmonizing regulations to take into account the need to boost cross-border business and investment.

The Doing Business in East Africa 2010 report however indicates significant issues  concerning the capacity of the member-state entrepreneurs to compete on a level playing field with each other. Despite the efforts at harmonizing laws pertaining to business and coalescing tax policies, internal barriers to enterprise will affect the number of entrepreneurs competing on the common market.


For instance the ease of venturing into enterprise is easiest in Rwanda with 2 procedures and a registered business in 3 days. Compare this with Kenya and Tanzania with 12 procedures and the business registered in 34 and 29 days respectively.

Then there is the crippling cost of starting a business where in Burundi the cost is 151.6% of income per capita in comparison with Kenya or Tanzania where the cost is 37%. And even though Kenya leads in facilitating licensing with 11 procedures for the entire region, the process is still time consuming. It takes 120 days Kenya and 143 in Uganda compared with the rest of member states where the process of procuring business licenses takes well over 200 days.

It is hoped the streamlining of tax revenue collection will facilitate cross-border enterprise. However the problem of enforcing contracts continues to act as a barrier to profitable trade. Where in Rwanda it takes 260 days to resolve contractual disagreements; in Burundi the process takes a whopping 832 days! Thus there still remains a lot to be done so that all East African entrepreneurs can truly benefit from the Common Market.

Read the Doing Business East Africa 2010 report here

Tuesday, June 8, 2010

Nairobi's traffic is not good for business

Today all radio stations are warning Nairobi commuters about the traffic. It began yesterday with the imminent arrival of Barack Obama's number two Joe Biden. Add to that today he is meeting President Kibaki and Prime Minister Raila Odinga while Parliament opens a new session - meaning everyone is texting each other "avoid town"!.

Then there is the massive road works project being undertaken throughout the country with the promise of making Kenya a super highway for domestic and cross-border trade. With the liberalisation of the market that has spawned a new generation of car dealer entrepreneurs whose used car imports cannot quench the market; this should have been the dream Kenya's Vision 2030 policy plan speaks of.

Alas that is not the case. Traffic jams have become the stock in trade. And the problem is not that one has to leave home before the crack of dawn just to get to work on time; but there is also the environmental problem with sub-standard cars jamming the streets spewing fumes to the detriment of the ozone layer. 

Before the cry of Nairobi motorists was "those matatu drivers!". However today, even though matatu's still drive helter skelter, traffic jams still clog the streets.

Though it is commendable that the road work projects have the overall goal of reducing transport costs within Nairobi; for entrepreneurs the costs of being not just located in the Central Business District but now further afield in locales such as Westlands and Kilimani has meant that human traffic walk-in enterprises have had to readress their business models. 

For the rest of us, we wonder what time we will get home today and what time tomorrow we have to wake up in order to get to work on time. 

Thursday, May 6, 2010

Africa Social Entrepreneurs awarded during the 20th World Economic Forum on Africa


Five social entrepreneurs have been recognized as Social Entrepreneur of the Year 2010 in Africa during the Opening Plenary session of the 20th World Economic Forum on Africa, in Dar es Salaam, Tanzania, on 5 May. 

Shona Mc Donald, founder of Shonaquip had previously been recognized as the Social Entrepreneur for South Africa. The other four winners are Godwin Ehigiamusoe of LAPO in Nigeria, Brien Holden and Kovin Naidoo of ICEE, and Victoria Kisyombe of SELFINA in Tanzania. They received their awards in the presence of President Jakaya M. Kikwete of Tanzania and the Co-Chairs of the 2010 World Economic Forum on Africa.

Social entrepreneurs emphasize long-term sustainability instead of short-term gains. Their primary focus is to maximize benefits for society and the environment by implementing innovative approaches to key challenges. They operate social businesses or organizations that are a mixture of non-profits and for-profits in areas such as energy efficiency, education, waste management, health, education, youth and rural development.

The winners will join a group of leading social entrepreneurs from across the African continent as well as others from Europe, India and the USA, and will be active participants providing insights on sustainability and social innovation in the discussions under the meeting’s theme Rethinking Africa’s Growth Strategy.

The Schwab Foundation for Social Entrepreneurship, an affiliate organization of the World Economic Forum, conducts the search and selection of social entrepreneurs in Latin America, Africa, the Middle East, India and South-East Asia. It selects three to five social entrepreneurs per year from each region. Selected social entrepreneurs are connected to the world’s business, political and media leaders through the events and initiatives of the World Economic Forum.

The following winners were awarded Social Entrepreneur of the Year 2010 in Africa:

Godwin Ehigiamusoe, Lift Above Poverty Organization (LAPO), Nigeria
LAPO is the leading microfinance institution in Nigeria with over 240,000 clients. It is recognized for delivering sound financial and social services to alleviate poverty and empowering the disadvantaged. Alongside its financial services offering, LAPO supports enterprise development in diverse areas such as food processing, craftworks, merchandising, fabrication and farming, while the LAPO Development Foundation provides social and health empowerment programmes addressing issues of empowerment, nutrition, health, discrimination, injustice and gender equality.

Brien Holden and Kovin Naidoo, International Centre for Eyecare Education, South Africa and Australia
At least 670 million people, mostly in the developing world, are blind or vision impaired simply because they do not have access to a basic eye examination and a pair of glasses. ICEE works in ten African countries in addition to operations in Asia and Latin America to provide screening services and glasses prescriptions through its “Vision Centres”. It focuses on capacity building in the public sector to deliver eye care services, stimulating the professional role of optometrists and eye care providers, thereby expanding and sustaining its impact to 290,000 beneficiaries. It has also developed its own global supply chain and resource centre to reduce the cost of spectacles dramatically for its own services, and also for NGOs and public providers.

Victoria Kisyombe, Sero Lease and Finance Association (SELFINA) and Sero Businesswomen’s Association (SEBA), Tanzania
In Tanzania, where 75% of the population live in rural areas, and 33% live below the poverty line, most enterprising individuals do not have scarce working capital to buy equipment upfront. Victoria Kisyombe recognized that the capital outlay to buy assets and equipment for small businesses is difficult even on a microfinance loan and thus pioneered the leasing of fixed assets to women, which has led to the development of more than 18,000 value-added businesses and wealth creation. SELFINA’s clients, 60% of whom are in rural areas, become eventual owners of leased equipment and can use it as collateral for further borrowing.

Shona Mc Donald, Shonaquip, South Africa
Shonaquip is a social business that provides high-impact support services that promote inclusion and equal opportunity employment for persons with disabilities. It promotes and supports the safe provision of appropriate wheelchairs, offering professional support services and clinical training for professionals and families. It also designs and builds Africa-appropriate wheelchairs and postural support devices suitable for use in rural, rough terrain and remote areas. Shonaquip have 40,000 clients (80% children) who have been provided with mobility devices and receive ongoing holistic postural support.
 
Source:The World Economic Forum

Thursday, April 29, 2010

Entrepreneur Profile: Sospeter Amenya


Sospeter Amenya of BenCro Transition Designs is a Kenyan social entrepreneur whose work mainly involves designing websites and developing custom software to help in various aspects that are aimed at creating more opportunities for the impoverished society. 

We recently got a chance to interview him regarding the importance of determination to venture into enterprise as well as his future aspirations. 

Here is a snippet of the interview:

Yipe: When and why did you decide to be an entrepreneur?

Sospeter: After doing my IT course at Jomo Kenyatta University of Agriculture, (JKUAT) I started my business soon after graduating in 2008. I had to tarmac (look for a job) for a considerable time before I made a decision to start a business. I also wanted to get start up capital for my business. 

I didn’t get a job though. So the idea of joblessness hit me hard and I started thinking of other means. I decided to put my skills in practice and I joined hands with my friend and started a freelancing webdesign business working from the briefcase. It was not registered though.

In the process of searching for clients, we bumped into one corporate client, an NGO that paid us Ksh 20,000. We used the cash as our starting capital to buy a desktop. And this is how we started. The business is now registered and almost 1yr old.

So the sole reason for starting is unemployment and the urge to create opportunities in future.

Yipe: What has been your learning experience in your business venture?
Sospeter: One failure makes me sharper to cut through the next and the end result is always success.

Yipe: What’s the most challenging aspect of being an entrepreneur from your perspective?
Sospeter: The challenge is lack of understanding from the people you must work with, particularly some clients. Secondly is accessing finance and the long process of business registration. Make it online would encourage others to start their businesses.

Read the rest of the interview here »»