Showing posts with label entrepreneurship. Show all posts
Showing posts with label entrepreneurship. Show all posts

Wednesday, April 18, 2012

Project Inspire: 5 Minutes to Change the World Competition

The Singapore Committee for UN Women and MasterCard have come together to organize this joint initiative called “Project Inspire: 5 Minutes to Change the World.” This competition aims to help young changemakers create a better world of opportunities for women and girls in Asia Pacific, the Middle East and Africa.

The competition seeks entries from 18-35 year olds to submit a 5-minute platform to pitch their inspired idea to the world. There is an opportunity to win a $25,000 grant.The grant must show creativity and sustainable impact in the lives of women and girls across Asia, Pacific, the Middle East or Africa through entrepreneurship.

Friday, December 2, 2011

Strengthening Youth Entrepreneurship Support in Tanzania and Uganda - Request For Proposals

This Request for Proposals (RFP) is for a feasibility study to design appropriate youth entrepreneurship support interventions for the PPA Consortium in Tanzania and Uganda.

The study will involve:
• Analysis of Consortium partner approaches and future plans for target countries
• Analysis of youth entrepreneurship sector and key players in target countries
• Design of joint or mutually reinforcing interventions for the Consortium

The feasibility study will enable Consortium partners to determine suitable allocation of resources towards youth entrepreneurship interventions in Tanzania and/or Uganda in year two of the PPA. The project will be delivered by an external organisation or individual over 8 weeks starting January and concluding end March 2012.

The deadline for applications is: 9am Monday 5th December 2011.

Wednesday, July 20, 2011

SEED Awards for Entrepreneurship in Sustainable Development

The SEED Awards for Entrepreneurship in Sustainable Development is an annual awards scheme designed to find the most promising, innovative and locally led start-up social and environmental entrepreneurs in countries with developing and emerging economies. 

An international jury of experts selects enterprises which have the potential to make real improvements in poverty eradication and environmental sustainability while contributing to a greener economy

Tuesday, May 3, 2011

What exactly does Entrepreneurship mean?


One of the most frequent questions we get on Yipe is what exactly does entrepreneurship mean?

And is being an entrepreneur inborn or can it be learned?

Here is a digest we have compiled that should answer those questions and more.

Access the Entrepreneurship 101 directory »»

Friday, October 22, 2010

Are bottom of the pyramid social enterprises sustainable?


A post published at the end of September on the Good Intentions are not Enough blog, questioned the viability of introduction of new bottom of the pyramid innovations such as the cook stoves hailed by Hillary Clinton during the recently ended MDG summit.

The gist of the post is that as benevolent a gesture the stoves are for the 1.2 billion people considered to live in poverty worldwide who will use them, the durability of the stoves is not as assured. This raises the question of whether the stoves and similar social innovations are in and of themselves a sustainable alternative to what is already being used.

Included in the Good Intentions post is also a quote from a vice president of the UN Foundation saying apart from distributing the stoves, “You’ll need a supply chain and business model that delivers them, not on a one-time basis, but as a continuing enterprise.”

And without such a supply chain, after the 2 to 5 years and without a steady supply channel, won’t the target beneficiaries just revert to the traditional kerosene and wood?

This is the oft neglected side of social enterprise. The question of how sustainable must the social entrepreneur’s efforts be? And does it mean that just because an enterprise is for profit that business effectiveness and value for money aside from other financial variables take second place to social impact?

The impetus to scrutinise the value of such socially-oriented innovative solutions has become more topical with the aid versus trade debate. Proponents for trade such as William Easterly have argued for business, being recently quoted in the Financial Times that: “current experience and history both speak loudly that the only real engine of growth out of poverty is private business ...”

And with such voices coupled with austerity measures among traditional donor countries (though the UK unexpectedly increased international aid), social business initiatives to mitigate government and market failures in developing countries are sure to claim the limelight.

Social entrepreneurship must include a strategy for achieving financial sustainability, and that includes ensuring that aside from the sentimental value of providing solar lighting, water pumps and eco-friendly stoves amongst other new technologies, that the nitty gritty business essentials such as supply chains and customer care are included in the package, from the outset.

Let’s remember that without the business model there can’t be a lasting and durable social impact.

Tuesday, September 7, 2010

If only we knew ...

 It doesn't matter how long an aspiring entrepreneur takes in planning their business. There will always be factors that are unpredictable and beyond their control. Don Rainey, a general partner at Grotech Ventures recently submitted an article to VentureBeat titled “8 things I wish I knew before starting a business”.

The article makes for great reading with real nuggets of advice. Aspiring entrepreneurs are fortunate to get this information now. But for operational entrepreneurs - of course we wish we had read this article before, but there is always room for learning and adapting. After all that’s the life of an entrepreneur.

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.)

Monday, July 19, 2010

Lessons on entrepreneurship and innovation from Brazil


Yesterday’s Sunday Standard had an article written by Prof. Anyang’ Nyong’o, Minister for Medical Services on why Kenya needs a science and technology driven economy to thrive. Coming at the back drop of Brazilian President Lula da Silva’s visit to Kenya, the article raises several points for why Brazil is a major emerging economy,  and which Prof. Nyong’o posits is due to the Brazilian government prioritising innovation as a major development concern. In turn he states that policies regarding technology as well as scientific societies need to be mainstreamed into Kenya’s national development.

However probably as a result of column space, a reader could maybe assume that making the public sector friendlier to technology change is all that is required. That ensuring adequate public resources are directed into science and technology will firmly put Kenya on the trajectory to become the middle income economy envisaged in Vision 2030. But that ignores the human aspect.

Brazil has placed emphasis on it's SME sector which accounts, just like Kenya for the majority of jobs and businesses in the economy. Indeed, according to an article on the Kaufman Institute for Entrepreneurship’s website titled Brazil’s Entrepreneurship Boom, the increase in new companies in Brazil has been linked with the country’s developing entrepreneurial culture and mindset. Each year this has been demonstrated by the number of participants in Global Entrepreneurship Week which increased from 1.5 million entrepreneurs in 2008 to 5.3 million in 2009.

And even though the country’s listing on the ease of doing business index has recorded similar challenges as Kenya in terms of high tax rates; as well as having structural impediments such as an education system that does not engender financial literacy, Brazil’s entrepreneurship development policy is strikingly different in that it focuses on promoting high-growth ventures as opposed to Kenya’s policy of just creating enterprises with the hopes that they will one day be able to create jobs.

This has meant that Brazil’s high impact intervention has brought about more immediate impacts on the economy, than the more laid back approach of just creating ventures with little regard for growth.

Similar to Kenya where according to the Ministry of Youth Affairs and Sports, there are 2.5 million unemployed youth and barely 125,000 are absorbed into the formal sector annually; young people in Brazil aged between 18 and 24 years account for 36% of the country’s unemployed. Nevertheless, lessons learned on Brazil’s focus on innovation as well as the promotion of an entrepreneurial spirit does give hope that indeed Kenya could just be on a positive path to Vision 2030, come the 2014 World Cup in Brazil.

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 »»

Invitation to Entrepreneurship Bootcamp


Seed Capital Investment Ltd  has been established to offer support to young people, businesses and to entrepreneurs in Kenya. It's focus in Kenya is to offer an avenue where those who are in business or aspire to be in business can access information; advice and support that can assist them succeed. 

All projects and programs are facilitated by company directors who are entrepreneurs and managing their own businesses bringing in a wealth of practical experience in business startup and management.

As part of its objectives in supporting entrepreneurs in starting up and fine tuning their businesses, Seed Capital have organized a workshop to address the issue of acquiring funds and starting small and medium enterprises in Kenya under its Youth In Business Program. 

The workshop is on 5th and 6th May, 2010 at the company offices off Ngong road, behind Coptic Hospital.

After the workshop, participants will document their ideas and present them live to a panel of prominent investors for possible funding after which they will receive ongoing business guidance and mentorship until they have formed successful companies which will create employment to other youth.

For further information, please contact:

Rhoda Mwihaki,
Coordinator,
Youth in Business Program,
Seed Capital Investment Ltd.
1 Kindaruma Lane, off Ngong Road,
P.O. Box 4720, 00200
Nairobi Kenya
Tel 020 807 1309, 0710 492836, 0731 535018

www.seedcapitalinvestment.com

Friday, April 23, 2010

Profile: HALCHA Youth & Community Development organization


HALCHA Youth and Community Development organization is based in Garbatulla, a small town in northern Kenya where the populace are faced with poor living standards, low literacy levels, unemployment, unpredictable weather patterns that adversely impact on food security.

The group was started as a self-help group in 2006 and officially upgraded to a community based organisation in March 2007. The objectives at formation were:
  • To improve the socio-economic status of the youth and wider community
  • Capacity building and mentorship development.
  • The promotion of environmental and wildlife conservation, and
  • HIV/AIDS Advocacy.
The organization is not only committed to improving the living standards of the local community but also actively promotes the status of women in decision making by building confidence and raising self esteem so they can fully participate in their own affairs and make informed decisions.

Amongst it's development activities, HALCHA trains members in dressmaking and tailoring to promote self employment. The organization also emphasizes the preservation of local artisan culture.

HALCHA, which has 40 affiliate youth group members throughout the Garbatulla District has partnered with the Kenya Women’s Finance Trust Maua unit to reach more than 200 women, out of which 60 member beneficiaries have received loans. Another project in partnership with Kenya's Ministry of Youth Affairs has benefited more than 2,000 youth with capacity building and mentorship development, enabling 34 youth groups in the district to receive funding.

These milestones have been achieved in spite of the challenges the organization faces. These include financial constraints as well as the lack of working tools such as sewing machines for the tailoring project. Transport and logistic problems also affect the organization based in a remote rural area.

However HALCHA has the manpower and willingness to promote development and continues undaunted in it’s bid to help in the alleviate of poverty amongst the youth and wider population of Garbatulla District.

HALCHA Youth And Community Development (CBO)
Garbatulla District
P.O BOX 1 – 60300 Garbatulla
Telephone : 254 020 8015687 /0724700862

Source: Report by Ade Roga Hassan, Peacebuilding Mentor, Garbatulla District.

Sunday, April 4, 2010

Sage Kenya, Promoting Entrepreneurship Where it Matters the Most


SAGE Kenya is a country chapter of the Students for the Advancement of Global Entrepreneurship, a global community of teenage entrepreneurs sharing a common purpose. Started in 2009, Sage Kenya’s mission is to help create the next generation of entrepreneurial leaders whose innovations and social enterprises address the world’s major unmet needs.

Much of Sage Kenya’s work is currently within Western Kenya preparing students for success in college and in the competitive global community by linking them to role models from  Maseno and Great Lakes Universities.

SAGE Kenya has also worked with high schools within Kisumu East and West District to inculcate the culture of entrepreneurship among students by assisting them to set up model entrepreneurial projects.

The organization also has a mentorship programme working with university and polytechnics to assign one to two student mentors to each high school to assist participating schools to prepare for district competitions. This opportunity provides the students with a platform to develop their problem solving, opportunity-seeking and informed risk-taking entrepreneurial acumen that will be of use in starting their own commercial or social ventures in the future.

Current projections are that SAGE Kenya will be instrumental in creating between 100 to 400 more new entrepreneurial ventures annually.

During a recent competition, students from various schools presented ventures that included:
  • Agriculture: a solar anti-ripening machine made from local materials such as polythene bags. 
  • Health: a student design team presented a demonstration kit that educates the youth on the effect of nicotine to the lungs. This model is now being used by the Drug Abuse Campaign in Kenya. 
  • Technology: a solar water purifier has been developed . 
  • Food security: a Hydroponic Cultivation system has been developed using designed Shade nets that use old mosquito nets and local tree poles that reduce the cost of pest control among farmers. 
  • E-Government: some student have developed a central database system that can be adopted by the Government to have all the government operations in and a central system. 
  • Eco-Energy: using Jatropha as alternative source of energy, some students have developed a model plantation for a jatropha seed nursery. 
  • Recycling: some students have started to sell curio product made from water hyacinth which is a nuisance from the Lake Victoria.
The timing for a programmes like SAGE Kenya cannot be better, and the organization is lobbying the government to make the education system more relevant and rigorous whilst at the same time promoting an entrepreneurial culture amongst students.

Indeed SAGE Kenya’s approach is a “pattern-changing idea to practical innovation”. The emphasis on the practical, scalable and cost-effective shows that it is a progressive organization that teaches students to create sustainable profits and more jobs for their peers.