">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Tuesday, January 19, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

Kenyan-entrepreneurs make it into global elite New York based business club

Charity Mbaka by Charity Mbaka
3 years ago
in Startups
6 min read
0

The Kenyan division of New York-based Endeavour Global has accepted seven Kenyan entrepreneurs into its fold.

Endeavor Kenya is a subsidiary of Endeavour Global, a not-for-profit organization, supports high-impact entrepreneurs. It has accepted the entrepreneurs into its networks, in a bid to enable them to access the necessary capital and connections required to grow their businesses. The organization expects the businesses to have created north of 25, 000 jobs by 2023.

Endeavor Kenya was launched earlier this July in Nairobi and has since begun to impact the local community of entrepreneurs. IT has secured a KES4.8 Billion investment by Endeavor Catalyst in local fintech, Cellulant, which is run by Mr. Ken Njoroge and Bolaji Akinboro. Other entrepreneurs selected are Paul Mbugua of Eclectics International, Grant Brooke of Twiga Foods, Wandia Gichuru of Vivo Activewear and Bilha Ndirangu and Samuel Gikandi of Africa’s Talking.

Endeavor Kenya chairman and Britam Group MD Benson Wairegi said that the organization has collectively created more than 700,000 jobs and over Sh1 trillion annual revenue. It raised Sh41.3 billion in growth capital in 2016 alone and promises to push for more investments in Kenya “Unemployment is very high among young Kenyans and we need to generate more than 3.9 million new jobs by 2020,” he said. “Endeavor believes that the real heroes of job creation and economic growth are the small subsets of entrepreneurs who scale to contribute the lion’s share of net new jobs.”

He expressed his regret over the limited support tailored for entrepreneurs and companies in this phase of growth in Kenya and added that Endeavour aims to fill this gap.

READ  HAVAÍC invests into Kenyan virtual postbox startup, MPOST, and gears up to participate in its Series A round

“We search for, select, and support these entrepreneurs to think big and actualise their vision,” said Endeavor Kenya CEO Fiona Mungai, “As they scale, Endeavor entrepreneurs multiply their impact by inspiring, mentoring, and investing in those that come behind them.” Endeavor, announced its first Sub Sahara Africa investment in Cellulant. Cellulant co-founder and CEO Njoroge was selected as the first entrepreneur to join Endeavor Kenya, shortly after the office’s launch in 2017 along with co-founder Akinboro. Together they have since tapped into Endeavor’s global network to connect with leaders in the fintech space and leverage investor connections to support the company’s fundraising and expansion efforts.

The funding round was led by The Rise Fund, a global impact investment fund managed by growth equity platform TPG Growth that acquired a stake in Cellulant. The investment involved Endeavor Catalyst, Satya Capital, Velocity Capital, and Progression Africa. The deal is the largest of its kind yet, and is solely dedicated to Africa’s fintech and payments space.

Related posts

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0

“Endeavor is excited to be part of this round for Cellulant,” said Ms Mungai. “Ken and Bolaji have demonstrated that Africa has high impact entrepreneurs who are innovating world-class solutions. We look forward to supporting Ken and Bolaji in their next phase of growth as they emerge as a story of hope and inspiration to other entrepreneurs who are scaling up their businesses.”

Readers 4,031

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Charity Mbaka

Charity Mbaka

Related Posts

Startups

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0
Startups

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0
Startups

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0
Entrepreneurship

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0
Startups

Nigeria’s TeamApt pivots to serve consumers, eyes expansion into West & North Africa

January 14, 2021
0
Business

Cellulant Group CEO Ken Njoroge to step down in June

January 14, 2021
0
work from home kenya
Startups

OZÉ Raises $700k To Digitize African MSMEs & Offer Them Affordable Capital

January 14, 2021
0
Startups

France’s OTT platform Molotov expands into 7 African countries

January 14, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

pregnant woman kenyan

Nakuru County Has Introduced Smart Watches That Will Monitor Expectant Mother

January 19, 2021
uhuru

Here’s Why Facebook Flagged Uhuru’s Congratulatory Message To Museveni

January 19, 2021
digital marketing seo

6 Things A Digital Marketing Report Should Contain

January 19, 2021

Top Graphic Design 2021 Predictions

January 19, 2021

A Non-Profit American Organization Is Demanding For Telegram To Be Removed From The Apple Store

January 19, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: