₦airaland Forum

List one by each economic sub-sector. They dont exist. What exist are Igbo petty traders selling car spare parts and such kind of informal business. In kenya almost every sub-sector they are at least 10 regional players.

obaaderemi:
I can't begin to list Nigerian businesses like you are listing Kenya's few businesses. Where will I start?
I just mentioned 3 big ones and you started shaking already. All the Kenyan businesses you mentioned are small unknown companies. Try harder, little Indian.

Ruto launched the revolutionary Hustler Fund - and 48 hours later. 6.5Million kenyans have registered. Look likely it could get to all the 30m adult kenyans by the weekend end.

The Hustler Fund - features low interest (almost zero if you borrow and repay within 14days) - 8 percent annually -0.002% daily- but most importantly every 5% is banked into saving & pension plan.

Similar product Fuliza in 3yrs is now loaning out 5B dollars..with only 7 million customers. This one could get into trillions Ksh easily but most important apart from providing low interest micro-loans it will build pension plans for almost every kenyan - informal or not.

Kenya gross saving is about 13% to GDP - very low compared to global average of 25% - and this will likely add almost 5% - reducing the needs to borrow from Chinese and others.


Update - 3:00 PM

Amount disbursed= 2,064,100,521 (up from 1.6b at 11am today)

Total Repayment: 75,809,412 ( Up from 49.7m)

Opted in customers= 6,449,726

Total transactions= 3,542,221

Transactions Per Second (TPS) = 283

Hustler Fund is about bringing dignity and wealth to bottom of the society - the large informal sector - giving every low interest loan - mandatory savings - and pension fund.

To qutoe someone.
Hustler Fund is GoK starting a HR department for informal sector --> mandatory pension + matching benefits + biweekly wage + real time KPI (credit score)

Great Idea.

It should work and perhaps be a model to bootstrap other African markets.

Picture break as Nigerians are unable to name any company outside Dangote and Banking sector that is scaling regional leave alone continental heights.

The idea of igbo petty trader as businessman is archaic.

Kenya GDP PPP last i check was approaching 300B...probably it hard to keep it upto date.
South Africa are facing middle class trap.
And I dont see how it will escape...now with 40% joblessness, immigration mess, corrupt ANC and now ESKOM.
Post Ramaphosa...look likely gone.
Look like Zuma or one his many wives could be in contention

jl115:
Cool story bru....however our gdp nominal is 411 billion and yours is 114 billion

GDP ppp you ain't even close

Not a long booring debate on GDP PPP
Ten yrs ago: Kenya GDP was not even 40B; Today as we close 2022; we are likely to get 120B:
South Africa is stuck where it has been since 2010 and will be in 2030...400B...lows of 350..highs of 450.
Middle class trap is real.
Only Mauritius has escaped it
South Africa is facing LATAM situation.

jl115:
it's not closing......the gdp gap has infact widened

Let me add Innoson. Although I doubt they manufacturer a button - but at least they claim to be exporting cars/

This is what we want to see.

Small SME in Nigeria expand in their states...

Then expand couples of states..they are now medium company

Soon it's national in all states of Nigeria...they are now a national corp

Soon it's open a branch in Benin, Togo, Cameroon...they are now sub-regional corp

It expands to Ghana, Ivory Coast, Senegal, Niger, Chad,...they are regional

Soon it all over Africa...they are now continental company.

And soon like South Africa SAB - or kenya comcraft - expand worldwide - become MNC

Good examples..Nigeria continental Banks. Maybe we can Jumia

But something like Insurance - Nigeria is completely BLANK

Kenya and South Africa it almost every sector

That is how you will become economic giants of Africa.

Otherwise you'll become the entertaintment giants with DRC...one for anglophone africa and the other francophone.

As of now South Africa is on a retreat - and Kenya is expanding.

10yrs Kenya companies will be running Africa and Nairobi will become Africa HQ - it will huge mega city - not huge slum like Kinshasasa or Lagos - but huge metropolis with 100 floors building - housing Africa HQ where someone will be managing Mauratania in 1st floor...Nigeria in 10th floor...and South Africa in the 99th floor.

As for Nigeria - it will be sending petty traders to Africa to sell used car spare parts and smuggled substandard products.- while dabbling in drugs and entertaining Africans with intricate dance moves

Kenyans will be sending proffesionals to manage their subsidaries all over Africa - like is now happening in 10 regional countries in almost every sector.

These usual hyped list of nonsense.

Please give me real business.

I think you had some interest in manufacturing.

Good example Dangote and your banks. Where are similar companies??

[quote author=68816419 post=118875617][/quote]

This is hilarious. None of this qualify for the criteria I asked.

68816419:
Oga , here is just for Yorubas industrialists , not to mention Hausa and Egbos ,

1- Olaosebikan, 31, is the cofounder and chief technology officer of two-year-old Gigster, an on-demand service for software development and design connecting a network of vetted freelancers with companies that need their talent. He is, in other words, incarnating the programming-gig economy and already boasts a client roster including companies like Square, MasterCard and Airbus. With revenue climbing from $1 million to $30 million in the last two years, the founders are optimistic.
2- Chester Group Inc., Robert O. Agbede, Chester is headquartered in Pittsburgh, Pennsylvania, with offices throughout the country as well as internationally

Chester, which turned 100 in 2010, is the largest African‐American‐owned water/wastewater, energy, and environmental engineering firm in the United States and the largest Water, Wastewater and Energy firm in Pittsburgh and Western Pennsylvania.


The Chester Group is also a recognized leader in the shale gas energy market in providing total energy and water solutions for all the major shale gas firms including exploration & production, midstream and distribution companies. Chester is developing energy cost saving solutions through LNG and microturbine technologies for our municipal and industrial clients.
3- Africa's largest energy company, Oil and gas

- COSTAIN WEST AFRICA/SHORELINE ENERGY INTERNATIONAL

- Oando

- Seplat

- SOGENAL GROUP

---------------------------------------------------------------------------------------------------------------------------

Drugfield Pharmaceuticals Limited. It is a wholly indigenous Nigerian company, established in 1993 as a drug manufacturing outfit, after approval by relevant agencies and bodies, including the National Agency for Food and Drug Administration and Control (NAFDAC) and the Pharmacists Council of Nigeria (PCN). It is owned by a family of pharmacists - the Ekundayo family and the Adedipes. They produce a range of therapeutic drugs such as anti-fungals, antibiotics, antivirals, anti-diabetes, anti-hypertensives, analgesics, antihelmiths, haematinics, injectables, intravenous fluids, anti-malarials and multivitamins.
4- Ladi Delano, s a 35-year old Nigerian serial entrepreneur who made his first million as a liquor entrepreneur while living in China.
Today, Delano is the co-founder and CEO of Bakrie Delano Africa (BDA) – a $1 billion joint venture with the Bakrie Group of Indonesia. Bakrie Delano Africa stands as the Bakrie Groups’ investment partner in Nigeria.
5- CAVERTON OFFSHORE GROUP - Africa’s first integrated offshore support service provider

6. Gatwick Airport' owner Bayo Ogunlesi,

......A LOT TO EVEN BEGIN COUNTING

It very simple list Nigeria companies outside Dangote, BUA, and the top banks. Nothing.

Hustle4Naira:
Abeg who is this rvp person?!... I don't know, but it's possible that your constant ranting is what has revived this post on the politics sector.
Mr rvp keep quiet! The only African countries that have the right to raise shoulders with us are Egypt and South Africa.
Busy posting about little businesses.... out of top 20 most valuable indigenous companies in Africa, only one is Kenyan, and that's Safafricom.... the rest are dominated by Nigeria and SA.

South Africa give you MTN - you send them petty traders and drug dealers.

That is NOT how this is suppose to work.

Kenyans are not petty traders in Kigali or Kampala.

Kenya business are doing legit business as subsidiaries or branches.

Anyway at least you're exporting music and movies like DRC you're not totally useless

I am interested in Nigerian companies with at least a branch even in Cotonou city of Benin Republic or Bamenda in Cameroon..or just across the border. First of all you'd have to beat South Africans before kenya companies arrived. They are already arriving in ALORA

If you join africa free trade area - relax the crazy import banning of goods - 5yrs from now - you'll be buying goods from kenya or made by kenya company.

You steel and aluminium is already run by Kenya Towers Group - I think they have 10 factories

GeneralDae:
They are even listing Indians .
I think there was a whole list (almost non ending list) from Nigerians here in 2017 when Nigeria was recovering from recession in 2016 (at a time many companies had closed down). Imagine if we start listing all these kind of industries now (of only blacks oo, no Indian), that would be futile in my opinion and a waste of time.

I was hoping you'll learn something and transition from being petty traders or gov backed monopolies like Dangote into real business. If Nigeria was up it's game - their business empire would rival South Africa.

As we speak it's South Africa - then Kenya - that is holding Africa.

MTN, DSTV, Stanbic, name it as big business in Nigeria.

After 5-10yrs of Africa free Trade - with South Africa retreat - kenya companies will run Africa.

GeneralDae:
They are even listing Indians .

Which little ones apart from Nigeria petty traders in Ghana. They should be kicked out because few countries allow petty traders to come to their countries. 5 million petty traders in Ghana. I have seen some in DRC. I met two Igbos in Mombasa 5yrs ago...they were looking to set up spare part shops..I dont know if they managed

Otherwise, Dangote, Globalcom branch in Ghana, the 10 banks - end of story.

mhkent:
Lol, what's this rip guy feeling like, if we start listing these tiny businesses you are bragging about here, do you think this thread would contain us . Never knew Kenyans can brag like this with their oversized coats.

One of Chandaria business in India - if all chandaria business all over the world are amalgated - it one would be one largest fortunes in the world - started in humble beginning Mombasa kenya.

Aegis Logistics Ltd. is India’s leading integrated Oil, Gas & Chemical Logistics company and one of India’s top Importers and Handlers of LPG amongst private players. The company operates through its state-of-the-art Necklace of Liquid & Gas terminals across major ports of India having a storage capacity of 15,70,000 KL for Chemicals & POL and 1,14,000 MT of static capacity for LPG.

This year Manu Chandaria became the first African to receive the Carnegie Medal of Philanthropy, which honours innovative philanthropists and highlights the contributions that they have made to society.


https://www.youtube.com/watch?v=g7LJ3o21UMk&t=166s

Chandaria is not only very brilliant, rich but also the humblest man you'll ever meet who has donated alot including huge part of UON plaza. He use to come to our school at UON whenever we invited him for talks.

Dr. Manilal Chandaria is the Chairman and CEO of Comcraft Group, a business conglomerate that oversees operations in over 40 countries throughout the world. Hailed as one of Kenya’s leading industrialists, Dr Chandaria is a respected known for his extensive charitable work and contributions to the community.Passionate about youth and education, he has created the Chandaria Foundation which has endowed Chandaria School of Business at USIU, and Chandaria Business Innovation and Incubation Centre at Kenyatta University to help students nurture their skills and knowledge. Mr Chandaria was recognized by the Kenyan government with the Elder of the Order of the Burning Spear and granted the Order of the British Empire by Queen Elizabeth in 2003 in recognition for his community work and promotion of Kenyan-British interests.

True icon of real entrepreneurship - not Dangote enslaving Nigeria using gov.

Chandaria never meet gov officials for his steel, aluminimum and now many more areas - he sets up his factory - play fair - and soon dominate based on quality of services.

He has build business incubation centers at many kenya universities now.

Nigerians have a long way to go. If their best businessmen are petty Igbo traders then they have LOOOOOOOOOng way to go. Kenya boast very voracious Kikuyus, Somalis and Indians merchants ....but generally kenya business are likely to mature up to large corporation with operation in 10 countries.

Igbo business remain petty until it's inherited by another petty kin.

And the reason is simple. EDUCATION.

You cannot run complex business with Igbo type apprentership

Kenya-Indians go to Harvard, Yale and come back - turn around their family fortunes - the rest of kenya have learnt from them - educate you kids to the best possible.

The Ivy league kids come and make their small business regional empires.

Now Nigeria idea of business - skip school and come to my shop - I teach you how to sell Jollof rice or car spare parts. That man will never graduate into making his own spare parts - and cars - because of his very limited education.

Majority of kenya business that have gone far are run by very intelligent and educated folks most with IVY league education.

Manu Chandaria found his grandfather business moulding cooking utensil in Mombasa - with his world class education - he turned Comcraft into Africa most successfully industrial congolemerate with operation in 50 africa countries, in most of Asia, Europe and America. Dangote is piece of chicken shiet to Comcraft. They just wont list it because they dont have to....their wealth remain in the family

Almost every roof or cooking utensil in Africa has been made by Manu Chandaria ComCraft.

Bidco shah - also turned around their father soap making little thing - and has send Uniliver out of most of Africa - running 40 brands in 19 countries.

Take your kids to best school or if not hunt for best talent - let them come and run your small business.

All kenyan the more than 300 supermarkets stores bar two (khetias I think & Chandaria - kenyan-Indian) are now own by indigenous kenya. Only

Carrefour is the foreign player. The last South Africa - game stores - is auctioning their last shirt as we speak

The second largest now at 60 stores is owned by late Kinuthia family

Mukuha family - started from selling chicken - now run many business including one largest chicken hatcheries in the region - Karen's Waterfront Mall, schools, and Naivas supermarket chain.

Established in 1990, Naivas has grown to become the largest supermarket chain in the country with more than 84 stores and 8,000 employees as of June. The Mukuha family and the institutional investors own Naivas Limited –the operating company— through the investment vehicle Naivas International.

Ndegwa family is another conglomerate - let exclude the Mois and Kenyattas - who unlike the stupid Nigerian politician - run very extensive business operations. Not just stashing money abroad.

The Ndegwas are bloody billionaires

Philip Ndegwa and his sons , James and Andrew Ndegwa,
The Ndegwa sons, James and Andrew Ndegwa, split half of their family’s 25 percent stake in NIC Bank —where they’re the majority shareholders — worth Sh5 billion. Their father, Philip Ndegwa (who has been featured here before) created one of Kenya’s single largest business empires of which the over Sh2 billion the sons split is one reason they will croon their eternal financial Hosannas.

Philip Ndegwa: He minted one of Kenya’s most secured fortunes via First Chartered Securities, an indigenous investment outfit founded in 1974 with some 20 civil servants and business moguls as shareholders. Ndegwa’s acquisition vehicle bagged the Insurance Company of East Africa (now ICEA Lion with a 100 percent shareholding to date), before forays in re-insurance, banking, agriculture, logistics, and real estate.


Controlling stake in NIC Bank (whose 20 percent stake the family bought from Barclays in the 1990s) and Ambank, three tea estates and tea processing factories including the world renowned Karirana Estates bought in 1986 after acquisition of MacKenzie Kenya Ltd, milling and beverage manufacturing, the Riverside Park in Westlands where its managed by Knight Frank Kenya with First Chartered Securities as partners.

The property portfolio was worth $100 million (Sh9 billion by 1999) — through its insurance arm, alone! Before selling its interests in Inchcape Shipping (including a ‘garage’ for ships), the Ndegwas operated Africa’s largest dry shipping dock between Cairo and Cape Town!

The alumnus of Alliance High, Makerere (economics) and Harvard was government advisor on economics and planning on his way to being the second governor of the Central Bank in 1982. The chair of KCB and the National Bank of Kenya, KQ (whose privatization he steered), KRA, Society for International Development Kenya Chapter was also an international economic expert with the UN and assistant director of UNEP. The father of James and Andrew Ndegwa died in January 7, 1996. He was buried in a private ceremony.

The eastern african - if you remove kenya companies - what do you have left - nothing much. Maybe a few chinese have now entered the region otherwise kenya companies dominate from making tissue papers to everything.

The late Christopher John Kirubi (20 August 1941 – 14 June 2021), born in Murang'a county, was a Kenyan businessman, entrepreneur, and industrialist. He was a director at Centum Investment Company, a business conglomerate, of which he was the largest individual shareholder.[2]

According to the 2011 Forbes annual rankings of Africa's richest people in Kenya, Kirubi was ranked the second richest man in Kenya and 31st richest in Africa with a net worth of $301 million in the 2011 Forbes inaugural ranking of Africa's 40 richest people.[1] He ranked behind only the Kenyatta family, who were ranked richest in Kenya in 2011 with a net worth of $500 million. However, in 2012, Forbes dropped Kirubi from the list of Africa's 40 richest.[3]

He chaired: (1) DHL Express Kenya Limited, (2) Haco Industries Kenya Limited, (3) Kiruna International Limited, (4) International House Limited, (5) Nairobi Bottlers Limited, (6) Sandvik East Africa Limited and (7) 98.4 Capital FM. He was also a non-executive director of ( Bayer East Africa Limited, (9) UAP Provincial Insurance Company Limited and (10) Beverage Services of Kenya Limited.[4] He died on 14 June 2021 after a long battle with cancer.

TransCentury group - owned by 10 BLACK kenyans - run electrical cable business in east, central and south africa. Almost half the electrical, data and high tension wires you see in entire region are made by them.

Subsidiaries East African Cables in kenya, Tanelec in Tanzania, Kewberg Cableries in South Africa, du Congo in DRC

They manages Avery weights in entire region

They aslo own Civicon is large building construction company- The company has successfully undertaken projects as far afield as Yemen and today we have permanent facilities in Kenya, Uganda, South Sudan and the Democratic Republic of Congo from where it engages in operations in those countries as well as Ethiopia, Burundi, [Mozambique], Rwanda, Tanzania and Zambia.

Kenya Somali - Amina Mohammed Hersi - basically runs lots of things in Kampala Uganda and has sugar factory in Uganda north.

The village girl who changed Kampala''s urban lifestyle
Growing up as a young Muslim Somali immigrant girl in the small town of Bungoma, Kenya, we were not allowed to be seen or heard. We were not supposed to go ...

This month, Moghe has been named ‘African Businesswoman of the Year’ by The New Economy, a reputable London-based quarterly business magazine for “helping turn around several multi-million dollar projects that have dramatically changed the face of Kampala… during a particularly hard time for the global economy following the financial crisis.”

The MD of Kadhar Investments, Amina is behind the imposing Laburnum Courts luxury apartments in Nakasero, Oasis Mall and Kingstone Hardware Store, a top hardware distributorships in Kampala.

Moghe is also currently setting up a sugar plantation and factory in northern Uganda. She apparently “employs over 6,000 people, mainly women, and ensures that they play an integral part in management, as well as actively supporting girls’ schools in and around the city.”

There are just too many kenya business doing great stuff in the region; I think I will run out of time.

David Langat - has several companies including 3 tea estates in Tanzania and 1 in Malawi


https://www.youtube.com/watch?v=daOTNl7tn84

Although headquartered in Kenya, the DL Group has extensive operations and interests in Tanzania, UAE, China and the United Kingdom. This international presence in Africa, Asia and Europe provides the DL Group with global footprints that lead it to world class excellence in its diverse portfolio of products and services.

I dont have the time they are just too many.
Telcom - Faiba - kenya 4G operator - owned by Chepkwony - owns about 1/3 of all internet/fiber data business in kenya - guy has many other business.


https://www.youtube.com/watch?v=yinTVJ9OQWU

Example 2: Stabex international - owned by Chebet - kalenjin


https://www.youtube.com/watch?v=ZiY_tgmV93w

He has large avacado plantation in uganda

https://www.youtube.com/watch?v=RZoMxxti5pc

After BUA, Dangote and Globalcom - and few banks - that pretty much your business community - then below them are petty informal traders. Kenya has very extensive business men owning things across the region. It's not just Indians. The kenya-indian are like West African lebanese - born and bred here. But even forget about them...I can give you hundrends black owned companies doing great in the region.

Kenya is not Nigeria backwater.

Hass Petroleum - Kenya somalis - check how many countries

https://www.youtube.com/watch?v=vr4hQVPw4No

obaaderemi:
Behind Dangote there is BUA, Glomobile and many more, not to talk of the banks which have bought a couple of your banks. Indians are not as important here as they are in little India. Remind me of the name of your richest businessman again.

Kenyans are only African or black people to reliably win at highest level in sporting events. If you remove kenyans - then dark continent of Africa becomes very grim in sports. Ghana is number 61 in Fifa ranking and it showed. South Africa maybe would have done better...Ghana went there and leaked at least two goals every game . They were worse than even Qatar or Saudi Arabia.

IGpro1:
so you think other Africans have your kind of mentality?
Don't push your inferiority complex on others..
If you were from another country I would listen not a Kenyan, no na.. Turkana still needs food, hope you know.

There is no proper records of anyone in Nigeria because Indians just whittle through their airports and start working - Nigeira is a zoo without work permits.

35,000 is just the Indians working for Dangote alone.

Shma2022:
Nope, you only have 35,000 indians. Kenya has 110,000.

Humprey Kariuki whom Ruto just appointed to Kenya Investment Forum own many things

He own Africa Spirits in Kenya, Ihub Karen, Mt kenya Safaris amongst many other things.

Through Great Lakes Africa Energy we are powering Africa by generating energy from locally available resources. We have key projects in Zambia, Kenya, Uganda, and Mozambique as well as dozens of others in incubation.

Dalbit Petroleum is fueling regional growth by servicing the aviation, mining, manufacturing, transport and humanitarian sectors in the region.

Belgravia Services Ltd specialises in the construction of oil terminals, power plants and related infrastructure. It has so far undertaken key projects in Zambia, DR Congo, Kenya and Tanzania.

Kenya defence forces continues to make huge stride to become a modern armed force.

The National Defence University- Kenya (NDU-K) has today, Friday 2 December 2022, matriculated the first cohort of 177 cadets in a historic and colorful event at the institution’s main campus in Lanet, Nakuru.

The matriculating class comprised cadets from Kenya and allied countries, including Burundi, Mozambique, Rwanda, Tanzania and Uganda.

NDU-K has seven Colleges among them the National Defence College (NDC), Joint Command and Staff College (JCSC), KMA, Defence Forces Technical College (DEFTEC) and the International Peace Support Training College (IPSTC). Others are the Defence College of Health Sciences (DCHS) and the National Intelligence and Research University College under the National Intelligence Service (NIS).