NEW CROP OF ENTREPRENEURS EMERGE AS CHASE BANK ENABLIS BUSINESS LAUNCHPAD COMPETITION UNVEIL THE WINNERS
Nairobi, Monday 22nd 2010: The winners of this year’s Chase Bank Enablis Business LaunchPad Competition were announced at a gala event held at Michael Joseph Centre, Safaricom Headquarters.
Pauline Stella Onyango emerged the overall winner after impressing the judges with her elaborate business plan. Pauline runs Stella Gym and Fitness centre in Kisumu and she attributes her winning to her strong visibility study she did before starting her business in 2009. The study helped deliver unique services to her customers as compared to her competitors. “I am so excited today because I know my business is on the right track. Winning the competition has come at the best time because I intend to expand by business to other parts of the region, said Pauline. She also emerged winner in the tourism and logistics category.
Kombani Kinyanjui emerged the best in Marketing and communication category and was the 1st runner up over all. He develops plastic identification cards for institutions e.g. schools, colleges and corporate companies. “This was a last minute entry but I am very happy that we emerged winners in our category. I have gained a lot from the training we have been given and I will use it to expand my business,” said Kinyanjui.
Other winners include Clifford Kimani Mwanja who emerged winner in the Agri Business category. He rears rabbits and involves the community in the farm which he intends to expand to other regions. “Rabbits are very simple too keep. I want to set up the biggest Rabbit farm in East Africa Region,” said Kimani. He also won Ksh 500,000 in this category.
Lorna Ruto who runs a plastics recycling business emerged the winner in the Green and Ecological sector. She recycles plastics to create building materials e.g. poles, boards etc. She also won Ksh 500,000. “1 want to change the world! Specifically I want to fence all the national parks using these recycled poles,” Said Lorna
The competition attracted over 300 entries, from different sectors including Agribusiness, Green and Ecological sector, Media marketing and communication, IT among others. The entries were received after two month of countrywide training by Inoorero University where the University offered the entrepreneurs a series of training sessions on key areas that need to be addressed when preparing a successful business plan. The participants were provided with a solid base of knowledge in core areas, such as Financial Management, Business strategy, Marketing, Human Resources and Legal aspects of a business. The training sessions also provided participants with hands–on experience and perspectives from business people on entrepreneurship and business start up.
“The annual competition is a driver for wealth and employment creation for Kenya as it stimulates an entrepreneurial culture in Kenya, providing inspiration and support to entrepreneurs in setting up their businesses, said Moses Mwaura, Regional Manager Enablis East Africa, adding that “we are very encouraged by the enthusiasm of the Kenyan youth, who want to venture in entrepreneurship. As Enablis, we believe that the business plan competition has opened avenues for more youth to contribute to the economy meaningfully.”
This year’s competition showed interesting emerging trends in the entrepreneurship field with the green and ecological business plans recording a high interest compared to last year’s competition. The sector contributed 17% of total 100 shortlisted. However, Agri business had the highest entries, at 27% of the total 1oo shortlisted. The business and professional services and ICT also generated a lot of interest especially noting that majority of the businesses demonstrated a way of incorporating technology in their businesses.
“We have seen increased interest in green and ecological business which many entrepreneurs now see as new field to exploit for business, and we also noted that most of the business plans submitted are start ups,” said Mr. Mwaura.
Youth dominated the competition with 47% of total shortlisted entrepreneurs being in the 26-35 bracket with another 29% being in the age group between 18 years and 25 years. All parts of the country were well represented, but the majority of the finalists come from Nairobi County with 35%.
“The SME Market is a growing and vibrant sector with a lot of untapped potential. As a financial partner we have allocated resources as well as a strong team to grow our SME business and ensure that we take our entrepreneurs to the next level. As the SME Bank, our Bank’s core target is the SME owner who we strongly believe is the driver of this country’s economy. We are therefore proud to partner with Enablis to empower our entrepreneurs to enable them make sound business decisions,” mentioned Mr. Duncan Kabui, Chief Executive Officer, Chase Bank.
The competition is an initiative of Enablis Entrepreneurial Network East Africa, in conjunction with Chase Bank, Safaricom Foundation, East African Cables, Access Kenya, Africa Commission, Business Daily, ICT Board and Inoorero University.
For more information on the submission of business plans, call Joan Wekesa on 4454440/1/2 or 0722282253 visit our website www.businesslaunchpad.info
1. Pauline-Stella Anyango Opondo - 0701-839073, firstname.lastname@example.org
- Overall BPC winner
- Winner, tourism and logistics category
2. Kinyanjui Kombani - 0722-970148, email@example.com
- Winner, Business and Professional Services category
- 1st runners up (best overall business plan)
3. Lorna Rutto - 0721-953768, firstname.lastname@example.org
- Winner, Green and Ecological category
- 2nd runners up (best overall business plan)
4. Clifford Kimani Mwenja - 0721-792220, email@example.com
- Winner, Agribusiness category
- Youngest entrepreneur award
5. Victor Ooroh Rasugu - 0724-460009/0733-130340, firstname.lastname@example.org
Winner, Manufacturing and Construction category
6. Richard N. Kimani - 0722-979545, email@example.com
Winner, ICT category