For the sixth year running, the Kenya Top 100 survey
has once again given recognition to a section of the businesses that are behind the Kenyan economy’s phenomenal resilience. Just over two thirds of the 245 businesses that participated in the survey this year have been in business for 11 years or more with 17 per cent having been in business for more than 25 years.
Kenya Top 100-Online Newspaper -THE FASTEST GROWING MID-SIZED BUSINESSES IN K...East Africa Kenya Top 100
Our true independence lies in having a critical mass of wealth creators
For the sixth year running, the Kenya Top 100 survey
has once again given recognition to a section of the businesses that are behind the Kenyan economy’s phenomenal resilience. Just over two thirds of the 245 businesses that participated in the survey this year have been in business for 11 years or more with 17 per cent having been in business for more than 25 years.
SPECIAL ISSUE WEDNESDAY, OCTOBER 29, 2014 THE FASTEST GROWING MID-SIZED BUSI...East Africa Kenya Top 100
SPECIAL ISSUE WEDNESDAY, OCTOBER 29, 2014 THE FASTEST GROWING MID-SIZED BUSINESSES IN KENYA Kenya’s fastest growing firms Profiles of 2014 winners Insights from Survey
In most developed nations, corporate social responsibility
(CSR) initiatives center on issues such as environmental sustainability, alternative energy, clean technology, and social welfare. Driving these activities, more often than not, is a company’s desire to appeal to strong consumer sentiment. But in the Middle East and North Africa (MENA), CSR is becoming something fundamentally different.
Insights Success Magazine has introduced 10 Powerful Indian Business Leaders in UAE. Let’s meet 10 of the seasoned business executives and up-in-comers, On the cover, we have highlighted, Rizwan Sajan, Founder and Chairman of Danube Group. Danube has grown into one of the largest building materials company in the region, with 31 branches worldwide - in the UAE.
Kenya Top 100-Online Newspaper -THE FASTEST GROWING MID-SIZED BUSINESSES IN K...East Africa Kenya Top 100
Our true independence lies in having a critical mass of wealth creators
For the sixth year running, the Kenya Top 100 survey
has once again given recognition to a section of the businesses that are behind the Kenyan economy’s phenomenal resilience. Just over two thirds of the 245 businesses that participated in the survey this year have been in business for 11 years or more with 17 per cent having been in business for more than 25 years.
SPECIAL ISSUE WEDNESDAY, OCTOBER 29, 2014 THE FASTEST GROWING MID-SIZED BUSI...East Africa Kenya Top 100
SPECIAL ISSUE WEDNESDAY, OCTOBER 29, 2014 THE FASTEST GROWING MID-SIZED BUSINESSES IN KENYA Kenya’s fastest growing firms Profiles of 2014 winners Insights from Survey
In most developed nations, corporate social responsibility
(CSR) initiatives center on issues such as environmental sustainability, alternative energy, clean technology, and social welfare. Driving these activities, more often than not, is a company’s desire to appeal to strong consumer sentiment. But in the Middle East and North Africa (MENA), CSR is becoming something fundamentally different.
Insights Success Magazine has introduced 10 Powerful Indian Business Leaders in UAE. Let’s meet 10 of the seasoned business executives and up-in-comers, On the cover, we have highlighted, Rizwan Sajan, Founder and Chairman of Danube Group. Danube has grown into one of the largest building materials company in the region, with 31 branches worldwide - in the UAE.
AACC to be held on the 16th and 17th of May 2016 at the Indaba Hotel Fourways Johannesburg.
You can look forward to a “mountain” of information about extending credit in Africa underpinned by financial inclusion.
The topics:
Overview of the Africa Continent by Dr Prega Ramsammy (CEO of FinMark Trust)
Transborder Data Flow by Dr Ina Meiring (Director of Werksmans Advisory Services)
Challenges we face in Africa by Gabriel Davel (previous Credit Regulator SA - now consulting to the countries in Africa)
Regulatory issues in Credit by Lesiba Mashapa (Company secretary at the National Credit Regulators Office SA)
The In’s and Out’s of Debt Counselling by Paul Slot (President of the Debt Counsellors Association)
Lack of innovation in credit granting and Enforcement procedures by Ronél Lewies (Director of Lewies Attorneys)
The need for knowledge to do business in Africa by Pieter Steyn (Chairman of LexAfrica)
A Regulatory view by Ingrid Goodspeed (Chief Director, Financial Sector at National Treasury South Africa)
Data Fraud and Identity Theft by Gray Stopforth (Business Development Director at GBG DecTech Australia)
Enablers - Data by Owen Sorrour (Senior vice president TransUnion Analytical and Decision Solutions)
Enablers - Systems by Peter Rafferty (CEO of FutureSoft)
Enablers - Staff by Stan Horwitz (Managing Director HRN Consulting, HR Network)
Enablers - The Building Blocks to financial services and credit by Frank Lenisa (CMO at Compuscan)
Enablers - Financial Models and Systems by Dave van Niekerk (CEO of GetBucks, a Fintech Company)
To extend the reach and success of this program into the important stakeholder group of high performing Ontario firms, the February 2008 event marked the first Wisdom Exchange in Ottawa, giving CEOs and presidents the opportunity to network with peers from across the province.
The Dollar Business April 2016 Issue Preview - Cove Story on Are India’s MSMEs on a Road to Nowhere? - https://www.thedollarbusiness.com/magazine/april-2016-issue/
ATEED & The Economist Group - Innovation summitLuigi Wewege
The Innovation Summit was created with the primary objective of being able to showcase the very best in New Zealand’s design, innovation and technology industries to the world.
Ease-of-Doing Business Authority of Pakistan is need of the hour. Experts from SMEDA, SECP, Competition Commission of Pakistan, TDAP, FPCCI, Diplomat Business Club and telecos must be inducted to permanently remove bottlenecks for fair and sustainable business growth. (Sajid Imtiaz)
Insights Success is glad to introduce “The 10 Path Breaking South Asian Companies to Watch in 2019” , in order to assist businesses to choose the right companies. Assessing the scenario in versatile perceptions, our magazine has brought light onto the companies, who are providing excellent products and services in their respective fields.
Consumer to Creator: Advancing Entrepreneurship in the UAEWDU15
From Consumers to Creators: Advancing Entrepreneurship in the UAE discusses mobility, opportunity and sustainability in the UAE through: the mobility of skilled expatriates and unskilled migrants across class, ethnic and geographical boundaries; the opportunity to build truly cosmopolitan cultures and multicultural workplaces, neighborhoods and local-to-global markets; and the global values and civil societies needed to build social cohesion, agility and resilience for a thriving culture and sustainable economy.
This writing analyses research and seeks insight concerning:
the drivers of a knowledge economy;
the barriers and catalysts of entrepreneurship in the UAE;
unique perspectives of mindset and motivation;
the components of an entrepreneurial ecosystem;
the characteristics of effective entrepreneurial education;
issues of national identity, nation branding, personal and business branding;
models of global citizenship, civic participation and civil societies;
and
distinctive competitive advantages in UAE culture and history
with hope that this work can contribute to improved economic and social development for the UAE, other developing countries, individuals and all stakeholders in entrepreneurial ecosystems.
AACC to be held on the 16th and 17th of May 2016 at the Indaba Hotel Fourways Johannesburg.
You can look forward to a “mountain” of information about extending credit in Africa underpinned by financial inclusion.
The topics:
Overview of the Africa Continent by Dr Prega Ramsammy (CEO of FinMark Trust)
Transborder Data Flow by Dr Ina Meiring (Director of Werksmans Advisory Services)
Challenges we face in Africa by Gabriel Davel (previous Credit Regulator SA - now consulting to the countries in Africa)
Regulatory issues in Credit by Lesiba Mashapa (Company secretary at the National Credit Regulators Office SA)
The In’s and Out’s of Debt Counselling by Paul Slot (President of the Debt Counsellors Association)
Lack of innovation in credit granting and Enforcement procedures by Ronél Lewies (Director of Lewies Attorneys)
The need for knowledge to do business in Africa by Pieter Steyn (Chairman of LexAfrica)
A Regulatory view by Ingrid Goodspeed (Chief Director, Financial Sector at National Treasury South Africa)
Data Fraud and Identity Theft by Gray Stopforth (Business Development Director at GBG DecTech Australia)
Enablers - Data by Owen Sorrour (Senior vice president TransUnion Analytical and Decision Solutions)
Enablers - Systems by Peter Rafferty (CEO of FutureSoft)
Enablers - Staff by Stan Horwitz (Managing Director HRN Consulting, HR Network)
Enablers - The Building Blocks to financial services and credit by Frank Lenisa (CMO at Compuscan)
Enablers - Financial Models and Systems by Dave van Niekerk (CEO of GetBucks, a Fintech Company)
To extend the reach and success of this program into the important stakeholder group of high performing Ontario firms, the February 2008 event marked the first Wisdom Exchange in Ottawa, giving CEOs and presidents the opportunity to network with peers from across the province.
The Dollar Business April 2016 Issue Preview - Cove Story on Are India’s MSMEs on a Road to Nowhere? - https://www.thedollarbusiness.com/magazine/april-2016-issue/
ATEED & The Economist Group - Innovation summitLuigi Wewege
The Innovation Summit was created with the primary objective of being able to showcase the very best in New Zealand’s design, innovation and technology industries to the world.
Ease-of-Doing Business Authority of Pakistan is need of the hour. Experts from SMEDA, SECP, Competition Commission of Pakistan, TDAP, FPCCI, Diplomat Business Club and telecos must be inducted to permanently remove bottlenecks for fair and sustainable business growth. (Sajid Imtiaz)
Insights Success is glad to introduce “The 10 Path Breaking South Asian Companies to Watch in 2019” , in order to assist businesses to choose the right companies. Assessing the scenario in versatile perceptions, our magazine has brought light onto the companies, who are providing excellent products and services in their respective fields.
Consumer to Creator: Advancing Entrepreneurship in the UAEWDU15
From Consumers to Creators: Advancing Entrepreneurship in the UAE discusses mobility, opportunity and sustainability in the UAE through: the mobility of skilled expatriates and unskilled migrants across class, ethnic and geographical boundaries; the opportunity to build truly cosmopolitan cultures and multicultural workplaces, neighborhoods and local-to-global markets; and the global values and civil societies needed to build social cohesion, agility and resilience for a thriving culture and sustainable economy.
This writing analyses research and seeks insight concerning:
the drivers of a knowledge economy;
the barriers and catalysts of entrepreneurship in the UAE;
unique perspectives of mindset and motivation;
the components of an entrepreneurial ecosystem;
the characteristics of effective entrepreneurial education;
issues of national identity, nation branding, personal and business branding;
models of global citizenship, civic participation and civil societies;
and
distinctive competitive advantages in UAE culture and history
with hope that this work can contribute to improved economic and social development for the UAE, other developing countries, individuals and all stakeholders in entrepreneurial ecosystems.
RBF Africa 2018 - Transforming Africa’s Development Through Innovation, Youth...Global Initiatives
The Responsible Business Forum on Sustainable Development (RBF), held on the 25th – 27th June 2018 was co-organised by Global Initiatives and the United Nations Development Programme (UNDP), in collaboration with the National Business Initiative and WWF South Africa. Under the theme ‘Transforming Africa’s Development through Innovation, Youth and Technology’, the Forum brought together over 400 international business, government and NGO leaders at the Hyatt Regency in Johannesburg.
Insights from the World Economic Forum in Davos, where world leaders discussed the importance of emerging markets and how technology is changing the way we connect with each other.
Editorial: How Africa Natural Resources can drive Industrial Revolution, Nove...Africa Cheetah Run
Africa has a variety of Natural Resources which in return can be used to drive Industrial Revolution. Gold is among the resources spurring economic growth in Africa. To ensure equality Governments should tackle inequality and lay framework for supportive policies.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
How africa can eliminate poverty with market-creating innovation iCSR-in-Action
Africa’s ability to sustain its economic growth will depend mainly on how quickly it will be able to shift from reliance on traditional commodity markets to modern economic structures that focus on market-creating Innovation, which is defined as innovation that transforms existing product and service offerings into products and services that are cheap enough and accessible enough to reach an entirely new population of customers. In this piece, we address the issues surrounding the growth of the African market and proffer solutions on how to eliminate it.
Driving Economic Growth Prosperity, Investment, Entrepreneurship and SME Competitiveness: Register your participation at http://s-scg.com/events/shaping-our-future-conference-zambia-2015-2/
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
2. II BUSINESS DAILY| Monday October 26, 2015
BY JOSPHAT MWAURA
O
n Friday 9 October 2015,
we once again gathered
for an evening of pomp
and celebration of the 2015 Ken-
ya Top100 mid-sized businesses.
Since the inception of the Survey
in2008,theGalaDinnerisdeliber-
atelystyledasaglamorousformal
event complete with black tie or
culturalwear.
The intention is to prepare
the businesses being feted to be-
gin to present themselves in the
high level events that their suc-
cess will bring them globally. We
wanteveryoneofthesebusinessto
readythemselvestostandonstage
inLondon,Tokyo,Paris,NewYork
andBeijingtoreceivetherecogni-
tiontheydeserve.
AndtheGaladinnerneverfails
toexcite.Nearly1,000peoplegath-
er for the evening and the excite-
ment is almost palpable. Every
singlebusinessrepresentedatthe
dinnerisawinnernomatterwhat
positiontheyendupbeingranked.
It is for this reason that many of
themcomewiththeiremployees,
their relatives and business part-
ners to receive their awards and
baskinthemomentofglorywhen
theyarecalledonstage.
Itisespeciallygratifyingtosee
the diversity of those present, of
all ages, of all extractions and in-
volved in a wide cross-section of
businesses.Thisiswhatbusiness
is about - hardwork and success
beingcelebratedbyallofus,with-
outconsiderationofwhateverelse
separatesus.
Selfnominating
NowinitseighthyearinKenya,the
Top100Surveyisavoluntary,self-
nominatingprocessformid-sized
businessesthathaveaturnoverof
betweenSh70millionandSh1bil-
lion.Eachbusinessmustpresent
audited financial statements for
thelastthreeyears.
Itisfromthosefinancialstate-
ments, audited by a professional
accountantingoodstandingwith
theInstituteofCertifiedPublicAc-
countantsofKenya(ICPAK),that
weextractvariousratiostoassess
andrankgrowth,profitability,and
anindicatorofliquidity.Theproc-
essispredicatedontheconfidence
that each participant has in the
waytheyruntheiroperation,and
the performance that they have
delivered.
Those who choose to partici-
pate in the Top100 Survey, here
in Kenya or in Uganda, Tanzania
andRwanda,whethertheyendup
beingrankedamongsttheTop100
for that year or not, are sending
a strong message to the market
that: “we know we are running
our business right and that our
performance is worthy of recog-
nition and celebration.” Govern-
anceandperformancegohandin
hand in facilitating a business to
transitionfromasmall
owner- managed en-
tity, to a national,
regional, continental
and ultimately global
organisation.
To facilitate the
sharing of knowl-
edge, the Top100 Sur-
vey process includes
a conference the day
beforethegaladinner
where all businesses
that participated in
the survey are invited
to send their chief ex-
ecutive and head of
finance.
The conference is a forum to
present detailed survey findings,
sharelessonsfromkeynotespeak-
ers and other Top100 businesses,
engage with policy makers and
regulators, and create linkages
between Top100 businesses to
enable them to trade and share
lessonsamongstthemselves.
In this year’s conference, Mr.
Ali Mufuruki, himself an accom-
plishedentrepreneurandregion-
al leader, generously
shared his time and
lessons with partici-
pantsandemphasized
the need to invest in
human capital, both
atanational/regional
level, and in the indi-
vidualbusinesses.He
singledoutthisasthe
limiting factor that
separatedEastAfrica
fromtheAsianTigers,
andlimitsthegrowth
of businesses and by
extension employ-
ment and economic
transformation. He warned that,
ifwedonotaddresstheissuesthat
are causing unemployment and
poverty, our region will not real-
izetheenormouspotentialthatis
attractingbusinessesfromevery-
whereelseintheworld.
We also had occasion to listen
to lessons on growth and upscal-
ing of mid-sized businesses from
thosewhohavewalkedthatpath.
And once again, the issues of the
characterandskillsofyourteams
cametothefore.
Inadditiontoinvestinginsys-
tems and leveraging technology,
each business, and the business
leader in particular, must invest
theirtimeinbringingthequalityof
peopleateverylevel,thattheycan
trusttorunthebusinessasitifwas
theirown-expansionandgrowth
arelimitedbyfoundersholdingon
to too many roles and not having
faithintheirteams.
Chooseyourpeoplewiselyand
then delegate and trust them to
perform. If you have put in place
appropriategovernancesystems,
thesewillenableyoutoholdthem
toaccountandtoarrestanywick-
ednessthatyoumayhavemissed
outintheappointmentprocess.
Vibrancy
These mid-sized businesses
bring energy, vibrancy and resil-
iencetoanyeconomy.Theydeliver
growth,wealth,employment,for-
eignexchangeearnings,andabove
all, national revenue in the taxes
theypay.
Everypolicymakerandregula-
tormustmakeittheirbusinessto
makeitpossibleforthesebusiness-
estogrowmore,toearnmoreand
to employ more people. We were
pleasedtoheartheundertakings
by the Kenya Revenue Authority
(KRA)tore-orienttheirapproach
tothesebusinessestooneoffacili-
tationratherthanunduescrutiny.
TheKenyaPrivateSectorAlliance
(KEPSA)hasalsoprioritizedinitia-
tivestargetedatfacilitatingsmall
andmid-sizedbusinesses.Wehave
reasontolookforwardtonextyear
and hope to recognize and cele-
brateevenmorebusinesses.
Grateful
Iamdeeplygratefultoourpart-
ners in this initiative, the Nation
MediaGroup(NMG)throughthe
BusinessDaily.Everyweek,wesee
storiescarriedinthepaperabout
individual Top100 businesses.
There are so many stories to tell,
so many lessons to pick that I am
confident that there are more
stories to be told through other
channels.
Through these stories, NMG
can re-orient the national con-
versation to focus on value crea-
tion and not the endless political
noisewehear.Ilookforwardtothe
evolutionofthatspace.
jmwaura@kpmg.co.ke
Theviewsandopinionsare
thoseoftheauthoranddonot
necessarilyrepresenttheviews
andopinionsofKPMG
SPONSORS
Invest in t≥usted teams to g≥ow
MrJosphatMwauraistheSeniorPartnerandCEO,KPMGEastAfrica.
We also had
occasion to
listen to lessons
on g≥owth and
upscaling of mid-
sized businesses
f≥om those who
have walked that
path.
ChiefExecutiveOfficer JoeMuganda Editor-in-Chief TomMshindi
ManagingEditor Ochieng’Rapuro
SeniorGraphicDesigner Gennevieve Nahinga
GraphicDesigner ChrispusBargorett
PhotosSalatonNjau
FOUNDERS
3. IIIMonday October 26, 2015 | BUSINESS DAILY
BY JOE MUGANDA
T
he Top 100 Mid-Sized companies’
initiative has over the past 8 years,
awardedandcelebratedenterprise
through this survey that is a partnership
between KPMG and the Nation Media
Group.
Over the years, the Top 100 Mid-Sized
companies have enjoyed the benefits of
association with the big corporations as
crediblebusinesspartners.
Manyofthepastwinnersofthissurvey
havegainedinvaluabletractioninthemar-
ketthathavenotonlyopenednewdoorsfor
growthbutalsomadeiteasiertodealwith
theauthoritiesandformpartnerships.
Some have, for instance, had financial
institutions approach them with offers of
partnershipstheycouldnotimaginewere
possible before their participation in the
survey and their dealings with the tax au-
thoritieshavebecomelesstedious.
Thisyear,Top100Mid-Sizedcompanies
reached out to entrepreneurs in Nakuru,
Kisumu,Mombasa,ThikaandNairobi.The
surveycontinuestogrowintheregionwith
astrongpresenceinTanzania,Rwandaand
Uganda.
Mostimportant,therehasbeenarisein
thenumberandqualityofentriesandeach
competingenterprisehasdemonstrateda
remarkable degree of excellence, innova-
tionandsuccess.
SMEs are andwillremainacriticalpart
oftheEastAfricaneconomy.Theywillcon-
tinuetomakeatremendouscontributionto
industrialisationthroughinnovationand
jobcreation.Thiscontributionissignificant
to the overall performance of the Kenyan
economy which stands among the fastest
growingintheworld.
As in many other places around the
world, financing remains one of the big-
gest challenges that the SMEs face. The
operating environment is also stymied
by difficult economic environment and a
demandingconsumerallwhichrequirea
sizeable amount of persistence, tact and
constantinnovationtomanoeuvre.
Some of the challenges are, however,
within the grasp of the SMEs and can be
dealt with internally. For example, hiring
therightpersonforthejob,usingtechnol-
ogy, opening up the business to dynamic
businessplatformssuchasmobilemoney,
useofresearchandensuringbusinesspres-
enceisfeltincommunitiestheyserve.
Top 100 Medium
Sized companies’
su≥vey a c≥ucial
benchma≥king tool
Nation Media
GroupCEOJoe
Muganda. FILE
The Nation Media Group’s support of the
TOP100Mid-Sizedcompaniessurveyishinged
on our belief in the important role it plays in
helping SMEs to formalize their processes,
pay taxes and create credible structures that
enablethemtogrowtonextlevel.
Itisabenchmarkingcompetitionthatevery
entrepreneurwithhereyesongrowthshould
participatein.
NationMediaGroupandKPMGcontinue
tocelebratethesuccessofexceptionalmenand
women,whohavetakentheriskofventuring
into private business and have impacted not
just their own lives but also the lives of those
theyemployandofferopportunitytoprosper
everyday.
TheNationMediaGroupiscommittedto
providing media platforms where entrepre-
neurscangainbusinessinsights,growcapac-
ity and leverage opportunities to grow from
small to medium and ultimately become big
multi-nationals. From our traditional to dig-
ital platforms, we will continue to walk with
youinyourjourneytogreatness.
RILEY FALCON SECURITY JOINS THE LEAGUE OF
TOP 100 MID - SIZED COMPANIES!!
Riley Falcon Security Staff led by their Director, Tobias See
( seated) pose with their trophy after the firm emerged
among the Top 100 Mid - Sized Companies at the Carnivore
Restaurant Grounds in Nairobi on 9th October 2015.
OUR HEAD OFFICE:
RILEY HOUSE, TOM MBOYA ROAD, MILLIMANI,
P. O. BOX 876 - 40123, KISUMU. TEL: 057 2021380,
2020363, 0722204876, 0733622211, 0703505787, 0703505475
Email: info@rileyfalcon.co.ke
Website: www.rileyfalcon.co.ke
Other Branch Offices: Nairobi, Mombasa, Nakuru, Eldoret, Siaya, Kisii, Embu.
4. IV BUSINESS DAILY| Monday October 26, 2015
BY MAURICE GACHUHI
T
heTop100Mid-SizedCompa-
nies Survey is an initiative of
KPMGKenyaandtheNation
Media Group that seeks to identify
Kenya’s fastest growing medium-
sized companies in order to show-
case business excellence and high-
lightsomeofthecountry’smostsuc-
cessfulentrepreneurship
stories.Themaingoalof
this initiative is to iden-
tifynewrolemodelsand
business heroes, recog-
nise them and most im-
portantly connect them
topeers,keystakeholders
and mentors within East
Africa, as similar surveys
arecarriedoutinUganda,
TanzaniaandRwanda.
Thesurveypresentsan
opportunityforparticipat-
ing companies to bench-
mark themselves against
their peers, contribute to
thedevelopmentofindustrydatabases,
andenjoyrecognitionastopperform-
ersatbothnationalandindustrylevel,
andasmembersofaprestigiousclubof
‘prosperity’creators.Thesurveytakesa
self-nominatingaspectandhenceuni-
versalcoverageisnotexpected.
Everyyearweinteractwiththepar-
ticipants and what has always stuck
outistheenergy,enthusiasmandthe
uniquewarstories.Entrantsinthesur-
vey must have had revenues ranging
fromSh70milliontoSh1billionforthe
lastthreeyears,shouldnotbeabank,
insurance company, Sacco, a legal or
audit firm. For any past participants
whoexceedthe1billionmark,theyau-
tomaticallygraduatetotheesteemed
eliteClub101.
Participants are required to sub-
mittenkeyratiosthroughaFinancial
Questionnaire. Those with the best
revenuegrowthrates,returntoshare-
holders and liquidity rates will rank
high as these are considered the key
insights on the companies’ perform-
ance. The ratios are also weighted to
take into account revenue range and
growth trends with key emphasis on
thecurrentyear’sperform-
ance. Keytonoteisthata
companyperformingwell
ontheseparametersfitsthe
profileofthefastestgrow-
ing mid-sized companies
that are also financially
stable.Some key findings
thisyear;
• Companiesinthecon-
sumerandindustrial
werebyfarthemost
prevalent,withmanu-
facturing,retail,trans-
port,constructionand
ICTaccountingforclose
totwo-thirdsofthesample.
•67%oftheparticipantswerein
thegrowthphaseoftheircyclewith
26%fallinginthematurephase.
7%oftheparticipants,mostlyin
thetourism,advertisingandcrea-
tiveindustriesindicatedthatthey
werere-emergingfromadecline.
•Slightlyover40%ofthefirms
surveyedhadoverKES300Min
revenuesin2015.Likeinprior
years,wenotedthatmostcompa-
niestendedtostagnateattheKES
300Mlevelwiththechallengesof
scalingupbeingthemainobstacle
togrowth.
Keyfindingsof Top100
mid-sizedfi≥ms’su≥vey
2015editionfindsthatcompetition,volatility
ofshillingwerethetwomaingrowthobstacles
•Amajorityoftheparticipants
(80%)registeredarevenue
growth.Mining,Gas(Down-
stream),Infrastructure&Con-
struction,TelecomsandFinance
reportedadeclineinrevenues
mainlyduetoreducedsales/lossof
clients,securityconcerns,reduced
production/closingofmajorout-
letsandhighoperationalcosts.
•Aggressivemarketing/goodmar-
ketingstrategiesandincreased
demandforproductsandservices
werenotedaskeygrowthdrivers
accountingfor75%ofthepartici-
pants.
•Competition(bothfairandun-
fair)andthevolatilityofcurren-
cieswerenotedasthetwomajor
obstaclestocontinuinggrowthat
46%and34%respectively.
•Onemployment,amajorityof
theparticipantshadatleast15
employeesandinoverallhadin-
creasedtheirworkforceby28%
since2011.83%ofrespondents
indicatedtheywerelikelyorvery
likelytoincreasestaffinthenext
The main goal
of this initiative
is to identify
new ≥ole models
and business
he≥oes, ≥ecognise
them and most
impo≥tantly
connect them to
pee≥s,
The2015legattractedmoreyoungerparticipants(1-5yrs)aswellas
olderfirms(aged25+years)comparedtothe2014leg.
AGE OF COMPANY
Localownershipcharacterisesamajorityofthe
participants.
OWNERSHIP STRUCTURE SOURCES OF START-UP CAPITAL
4outof5founderssetuptheirbusinesseswithsomeoftheirownmoney.
Manufacturing 15%
Wholesale 12%
Retail 11%
Transport 9%
Infrastructure/Construction 8%
ICT 8%
Tourism 4%
Agriculture 4%
Manufacturingcompaniesarebyfarthemost
prevalentsectorinthesample.
Manufacturing,Retail,Transport,Construction
andICTaccountforclosetotwo-thirdsofthe
sample.
SECTOR DISTRIBUTION
STAGE OF BUSINESS LIFE CYCLE
5. VMonday October 26, 2015 | BUSINESS DAILY
KPMGEastAfricaCEOJosphatMwaura(left),DiamondTrustBankCEONasimDevji
andNationMediaGroupCEOJoeMuganda duringtheKenyaTop100Mid-SizedCom-
panies2015SurveyGaladinnerattheCarnivoreGroundsinNairobionOctober9.
year.Aslightincreasefromthe2013/
14results.
•Roughly5inevery8(63percent)
ofthesurveyedfirmshaveaninter-
nationalfootprint,aslightdecline
fromthe2013/14results.Theaspira-
tiontoexpandintoEastAfricaroseby
an8%marginbetween2013/14and
2014/15.
•4outof5founderssetuptheirbusi-
nesseswithsomeoftheirownmoney
while1outof4coveredatleastsome
ofthestart-upcostswithabankfacili-
ty.Friendsandfamilyremainasignif-
icantsourceofcapitalwithbusiness
expansionsbeinglargelyfinanced
bybankloans,followedbyfounder’s
savings.
Venturecapitalwassignificantly
mentionedintheTelcoandFinancial
Servicessectorswhereitwasranked
2ndor3rdsourceofcapital.
•OnlistingattheNSE,wenotedin-
creasedinterestwith30percentof
theparticipantsindicatingwilling-
nesstolistwithinthenext2-3years.
Challengestolistingincludedthefear
oflosingcontrolofbusiness,lackof
knowledgeonlistingrequirements,
therigorouslistingrequirementsand
bureaucraciesthatgowithit.
•4outof10respondentsexperienced
challengesinworkingcapitalwith
customerdelaysinsettlementoftheir
billsbeingthemainobstacle.
Overall, based on the survey, small
and medium-sized companies’ current
outlooktowardsperformanceofecono-
my is moderate, with 45 per cent of the
respondentsstatingthattheeconomyis
“substantially” or “moderately better”
than6monthsago.
Theoutlooktowardsindividualindus-
try’sperformanceismorepositive,with
61 per cent declaring the current status
tobe“substantially”or“moderatelybet-
ter”. Interestingly, future outlook (next
sixmonths)ismorepositivewith79per
centexpectinganimprovementintheir
ownindustries.
Itakethisopportunitythankallpar-
ticipants and look forward to the next
year’ssurvey.
MrGachuhiis a senior manager with
KPMGKenya’sauditpractice
mgachuhi@kpmg.co.ke.
COMPANY
CLUB 101
BROLLO KENYA LTD
CANON CHEMICALS LIMITED
ELDOHOSP PHARMACEUTICALSLTD
KENYA BUILDERS & CONCRETE CO LTD
MEGA PACK K LTD
SIGMA SUPPLIES LTD
TRUFOODS LIMITED
VEHICLE AND EQUIPMENT LEASING LTD
INDUSTRY CHAMPIONS
Retail ALLWIN PACKAGING INTL. LTD
Wholesale IZMIR ENTERPRISES LTD
Infrastructure/Construction KISIMA ELECTRO
MECHANICALS LTD
Transport LOGISTIC SOLUTIONS LTD
ICT SOFTWARE TECHNOLOGIES LTD
Manufacturing WARREN CONCRETE LTD
Financial Services WAUMINI INSURANCE
BROKERS LTD
100 ROY TRANSMOTORS LIMITED
99 DE RUITER EA LIMITED
98 KISIMA DRILLING (EA) LTD
97 IRON ART LIMITED
96 SYNERGY GASES (K) LTD
95 GACHICHIO INSURANCE BROKERS LTD
94 PALMHOUSE DAIRIES LTD
93 EMOMENTUM INTERACTIVE SYSTEMS LTD
92 IDEAL MANUFACTURING CO. LTD.
91 BELL ATLANTIC COMMUNICATIONS LTD
90 AVTECH SYSTEMS LIMITED
89 RELIABLE CONCRETE WORKS
88 DEEPA INDUSTRIES LIMITED
87 SOLOH WORLDWIDE INTER-ENTTERPRISES LTD
86 FARMPARTS LIMITED
85 NAIROBI ENTERPRISES LTD
84 SPECIALISED HARDWARE LIMITED
83 NEWLINE LIMITED
82 CUBE MOVERS LIMITED
81 KENBRO INDUSTRIES LTD
80 NATIONWIDE ELECTRICAL LTD
79 OIL SEALS AND BEARINGS CENTRE LTD
78 STATPRINT LIMITED
77 BAGDA’S AUTO SPARES LTD
76 TYPOTECH IMAGING SYSTEMS
75 HYDRO WATER WELL (K) LTD
74 EUROCON TILES PRODUCTS LTD
73 KENYA BUS SERVICE MANAGEMENT
72 ORBIT ENGINEERING LTD
71 EDUCATE YOURSELF LTD
70 EXECUTIVE HEALTHCARE SOLUTIONS LTD
69 MASTER FABRICATORS LTD
68 FURNITURERAMA LTD
67 SMART BRANDS LIMITED
66 COMPULYNX LTD
65 KENCONT LOGISTICS SERVICES LIMITED
64 KANDIA FRESH PRODUCE SUPPLIERS LIMITED
63 DUNE PACKAGING LIMITED
62 DEVSONS INDUSTRIES LTD
61 NAPRO INDUTRIES LTD
60 NDUGU TRANSPORT CO. LTD
59 TOTAL SOLUTIONS LTD
58 HOSPITALITY SYSTEMS CONSULTANTS
57 GENERAL AUTOMOBILE CORPORATION LTD
56 SILVERBIRD TRAVEL PLUS LTD
55 CIRCUIT BUSINESS SYSTEMS LTD
54 WOTECH KENYA LTD
53 RILEY FALCON SECURITY
52 AIRTOUCH COOLING SYSTEMS LTD
51 SOLLATEK ELECTRONICS (K) LTD
50 TRIDENT PLUMBERS LTD
49 HOMESCOPE PROPERTIES LTD
48 ARK CONSTRUCTION LIMITED
47 ZEN GARDEN LTD
46 PRAFULCHANDRA & BROTHERS LTD
45 MIC GLOBAL RISKS INSURANCE BROKERS LTD
44 IMPAX BUSINESS SOLUTIONS
43 RILEY SERVICES LIMITED
42 EXPRESS COMPANY LTD
41 EXON INVESTMENTS LIMITED
40 ASTRAL INDUSTRIES LTD
39 MANDHIR CONSTRUCTION LTD
38 BLUEKEY SOFTWARE SOLUTIONS (K) LTD
37 SPENOMATIC LTD
36 SPECIALIZED ALUMINIUM RENOVATORS LTD
35 BTB INSURANCE BROKERS LTD
34 KISIMA ELECTRO MECHANICALS LTD
33 MPPS (1998) LTD
32 GENERAL CARGO SERVICES LTD
31 RAVENZO TRADING LIMITED
30 JO WORLD AGENCIES LIMITED
29 UNITED EAST AFRICA WAREHOUSES LTD
28 NORTH STAR COOLING SYSTEMS LTD
27 SUPREME PHARMACY LIMITED
26 HAJAR SERVICES LTD
25 LOGISTIC SOLUTIONS LTD
24 MACHINES TECHNOLOGIES (2006) LTD
23 POWERPOINT SYSTEMS EA LTD
22 NOVEL TECHNOLOGIES EA LTD
21 COAST INDUSTRIAL & SAFETY SUPPLIES LTD
20 SHEFFIELD STEEL SYSTEMS LIMITED
19 D&G INSURANCE BROKERS LTD
18 ALLWIN PACKAGING INTL. LTD
17 RUSHAB PETROLEUM LTD
16 TROPIKAL BRANDS A LTD
15 PINNACLE (K) TRAVELS & SAFARIS LTD
14 WAUMINI INSURANCE BROKERS LTD
13 DATAGUARD DISTRIBUTORS LTD
12 AMEX AUTO & INDUSTRIAL HARDWARE LTD
11 WELL TOLD STORY LTD
10 HIPORA BUSINESS SOLUTIONS
9 SOFTWARE TECHNOLOGIES LTD
8 SUPERBROOM SERVICES LTD
7 LEAN ENERGY SOLUTIONS LTD
6 SUPERIOR HOMES KENYA LTD
5 BONFIRE ADVENTURES LIMITED
4 WARREN CONCRETE LTD
3 IZMIR ENTERPRISES LTD
2 PROFESSIONAL CLEAN CARE LTD
1 PHARMAKEN LIMITED
2015 WINNERS
6. VI BUSINESS DAILY| Monday October 26, 2015
1 PHARMAKEN
INDUSTRY PHARMACEUTICALS
S
amier Muravvej made up his
mind to get into business even
beforehegraduatedfromdental
schoolintheyear2002.
Heteamedupwithhiscollegemate
and friend, Leonard Njeru, to found
Pharmaken Ltd, a Mombasa-based
companytodistributemedicaldrugs.
Dr Muravvej, an alumnus of the
University of Nairobi, says he always
wantedtobe‘independent’andquickly
movedintobusinessaftercompleting
hismandatoryinternshipandgovern-
mentservice.
“Ineverwantedtobeemployed.I’ve
alwayswantedtorunabusiness,”says
the dentist, who is also chairman and
CEOatPharmaken.
Initsfirstyearofoperationin2006,
Pharmaken made $3,000 in sales. “It
wasquitedisheartening,”hesaid.
Dr Muravvej kept his eyes on the
prize, and last year he saw sales hit $5
million.
It is this phenomenal growth that
saw Pharmaken emerge the overall
winner in this year’s Top 100 survey
– a study that grades Kenya’s fastest
growingmid-sizedcompanies.
The pharmaceutical distributing
businesswasalsorankedinlastyear’s
survey.
An initiative of Nation Media
Group’s Business Daily and audit-
ing and consulting firm KPMG, the
initiativetracksSMEswithanannual
turnover of between Sh70 million to
Sh1billion.
Dr Muravvej has expanded the list
of goods he supplies beyond drugs to
includemedicalanddentalequipment
aswellasnon-pharmaceuticalproducts
suchasgloves,syringes.
The two dentists partnered with
another investor and started Phar-
maken with a capital of Sh5 million.
Theyraisedathirdofthecashandbor-
rowed the remainder from banks, Dr
Muravvejsaid.
Atinception,thebusinesswassell-
ing only four products. Pharmaken’s
portfolio currently stands at 18 mer-
chandises.
Dr Muravvej, 37, grew up in Mom-
basa and attended Aga Khan Acade-
my for both his primary and second-
arystudies.
He also operates his own clinic
- Smile Dental Centre – situated at
Mombasa’sCityMall.
After graduating from School of
Dental Sciences, the dentist did his
internship at Kenyatta National Hos-
pital and later went to Coast General
Hospital for his mandatory two-year
governmentservice.
Pharmaken has a workforce of 52
employees.
The key challenges in the pharma-
ceuticalbusinessaretheslowclearance
of goods at the port of Mombasa and
highregulatoryfees.
“It takes up to two weeks to clear
our pharmaceutical products at the
port, despite having all documents,”
lamentedDrMuravvej.
Furthermore, the Pharmacy and
Poisons Board charges a registration
fee of $2,000 per product, before any
drugisallowedintotheKenyanmarket,
thedentistdecried.
DrMuravvejreckonsthatthedelays
attheportandthefeechargedbyPPB
increasesthecostofdoingbusiness.
Pharmaken LimitedchairmanSamierMuravvej(seated)receivesatrophyfromNationMediaGroupCEOJoeMuganda afterhis
companywasdeclaredoverallwinnerduringtheKenyaTop100Mid-SizedCompanies2015Survey.
Dentists who cut thei≥ teeth in d≥ugs ma≥ket
Riley Services Ltd staff led by their CEO and Group Chairman, Julius Abiero (seated) pose with their trophy after the firm emerged
amongst the Top 100 Mid - Size Companies at the Carnivore Restaurant Grounds in Nairobi on 9th
October 2015.
Actively contributing to
the growth of Africa !!
Power Plants & Steam Turbines
Boilers & Thermic Fluid Heaters
Vapour Absorption Systems
Water & Effluent Treatment Plants
Remote Monitoring Solutions
..and our
contribution
has not gone
unnoticed..
Spenomatic (K) Limited,
P.O. Box : 39935-00623, Parklands, Nairobi.
Tel: +254-736-447775, +254-715-447611.
Email: info@spenomatic.net
• By making it self reliant in power
using renewable energy sources
• By reducing its energy cost and thus
operational cost
• By using waste heat to provide
process & comfort cooling
• By providing cost effective solutions
for process, drinking and wastewater
• By increasing operational efficiency
of utilities by Chemicals
• By developing Agro-based industries
& providing packaging solutions
• By providing flexibility to operate
remotely by using state-of-the-art
remote monitoring systems
Dairies, Food Processing & Packaging Machines
8. VIII BUSINESS DAILY| Monday October 26, 2015
OfficialsfromProfessionalCleanCareLimited
receivetheirtrophyfromDiamondTrustBankCEO
NasimDevji (right)afterthecompanyemerged
second intheKenyaTop100Mid-SizedCompanies
2015Survey.
PROFESSIONALCLEANCARELIMITED
2 PROFESSIONAL
CLEAN CARE LIMITED
INDUSTRY SERVICES
Kick high
when pitching
fo≥ ventu≥e
capitalists
S
omewhereinthatslushpileofpitches
onmydeskisanoriginalideaanda
bioofanundiscoveredleader.Andhe
orsheisreadytolighttheworldonfire.But
myfear,onesharedbymanyventurecapi-
talists(VCs),isthatImaymissanamazing
pitch.Thepileisjusttoohigh.
How then do you get your idea into a
VC’s hands? What should your pitch look
and feel like? Here are a few pointers to
getnoticed:
1
.Beauthentic.
One of my contacts had her
interestpiquedwhenanex-
convict had an idea to replace
pricey jail pay phone systems.
The VC funded the project,
because she was looking for
entrepreneurswhohadexperi-
encedtheproblemtheywanted
tosolve.Iftheformerinmatehad
hidhisbackground,hisproposal
mighthavegoneunfunded.
2
.Bepersonable.
Whileetiquettecallsfora
professionaldistancefrom
business contacts, I have had
success building close friend-
shipswiththestartupteamsin
which my firm invests. I send
handwritten notes to cheer
up stressed out founders.
Morethanhalfofmycallswith
founders end without talking
abouttheirbusiness,focusing
rather on how they’re doing
personally.
3
. Be humble. Don’t pretend to
knowitall.
There are key things you
need to know about your busi-
ness,thesizeofapotentialmar-
ket and how you plan to reach
thatmarket.ButIadmirethein-
dividualwholeavesegobehind
and shows common sense. Be
clear about why you have a
greatideaandalsoaboutwhat
itisthatyoudon’tknow.Some-
times,thebestansweris,“Idon’t
know.Letmegetbacktoyou.”It
creates an excuse to follow up
andinstillsconfidencethatthe
otherresponsesyougavewere
accurate.
4
.Becreative.
Astartup’sfoundingteam
sent out a hip hop video,
rappingtheirpitch.Thisworked
forthem.Tthefounders,skilled
rappers,putatonofproduction
valueandheartintotheirpitch
and got tons of press. We re-
sponded in kind and also got
attention.
Caveatentrepreneur:Suchbold-
nessisrisky--bigtime.Instead
of an investment from the VC,
youcouldendupwitharestrain-
ing order from a judge. Comic
efforts,inparticular,aretough
topulloff,askanycomic.
5
.Don’tbungletheask.
Yours should be crisp and
memorable. Where does
the investor fit in the bigger
picture? It’s critical to explain
why you’re soliciting a partic-
ular investor. Are they adding
specific value beyond money?
If so, show your excitement
about the prospect of working
withthem.
Remember,thereisalotofcapi-
taloutthere,buttherearealot
of startups, too -- it’s a melee.
Forstreet-fightingtactics,two-
finger pushups and life advice
ingeneral,IalwaysgotoBruce
Lee: “Always be yourself, ex-
press yourself, have faith in
yourself,donotgooutandlook
forasuccessfulpersonalityand
10. X BUSINESS DAILY| Monday October 26, 2015
3 IZMIR
ENTERPRISES
INDUSTRY
SECURITY
PROTECTION
PRODUCTS AND
SERVICES
O
verthepastfewyears,IzmirEn-
terprisesLimitedhasgrownto
becomeacompanyofsufficient
scaletoprovidesolutionsforthedefence
industryinKenya.
It all started as a hobby for Sahir
Mughal,andhisco-CEO,AsiyaMughal,
whoisalsohisaunt,intheearly2000s.
The company deals in security pro-
tectionproductsandservicesthatcover
up to 50 brands for clientele including
governmentsandNGOsacrosstheGreat
Lakesregion.
“We offer personalised services de-
livering products to meet the clients’
requirements,”saidMrSahir.
His drive in setting up Izmir Enter-
prisesgrewfromthepassionthathehad
developed from his interest in defence
activities across the world, which saw
himseekinformationandlinksintothe
industry. This also led to his introduc-
tiontothe Department of Defence, the
governmentagencythathandlesissues
relating to defence and security. And
that was Izmir Enterprise’s stepping
stonethatsawitintroducedtotheKen-
yanmarket.
Ithasnotbeensmoothsailing,how-
ever, with the company facing many
challenges, chief among them difficul-
ties in accessing financing. Normally,
Mr Sahir said, it takes several months
fortheproducttomovefromanorderto
actualproductionanddeliverytoclient,
toeventualpayments,whichhasaffected
thefinancialstatusofthecompany.
TheothermajorchallengethatIzmir
Enterpriseshasfacedhasbeenthehuge
investmentintimeandresourcestotrain
andprovideskillstostaff.W
ith every new technology that be-
comes available, the firm has had to
conduct fresh rounds of training to
both the new and existing staff. In ad-
dition to that, when they were starting
out Izmir enterprise, Mr Sahir and his
partner faced hurdles in explaining to
clientstheirproductportfolio.
He adds: “Our market was not just
simple.Inordertogetallourclientsand
meettheirneeds,wehadtoexplaintoall
ofthemmostofourproductsandsolu-
tions,includingavailablenewtechnology
andhowtheyimpacttheproduct”.
Despiteallthesechallenges,thepas-
sion that they had in what they do has
beenmotivatedandinspiredbytheevolv-
ingtechnologythathaschangedtheway
theworldworks.
Looking back, Mr Sahir says that in
ordertosucceedinthemarketyouhave
tobalanceyourself,doyourprojections,
plan yourself, have a proper vision and
focus,understandyourfinancialstatus,
embracethelatesttechnologyandwork
hard.Neverfearcompetition,insteadem-
braceitinapositivewayasamotivation
tobethebestinyoursector.
Besidesthecorebusiness,IzmirEn-
terprisesisalsoinvolvedinanumberof
projects in the communities in which
theyoperate. Hepartnerswithfiveother
charityorganisationsintheseactivities,
including providing support to home-
lesschildren
“Weareeducatingandinspiringthe
youth living in poverty and the under-
privileged.AttheCoast,weworkwithup-
comingorganizationsthatempowerand
supportthepoor.Weworkwithwomen
inprovidingeducationopportunitiesand
helpingthemgotothenextlevelinlife.
IzmirEnterprisesLimitedofficialsposewiththeirtrophyafterthecompanyemergedthird inthesurvey.
Small fi≥m that takes on tough secu≥ity jobs
4 WARREN
CONCRETE
INDUSTRY CONSTRUCTION
& ENGINEERING
O
verthepast26years,Warren
Concrete(K)Ltdhasemerged
asaleadingindustryplayerin
concrete and manufacturing. What
started as a small family business
with just two machines, 25 people
andcapitalofSh7.5m,hasnowgrown
into a regional company with an an-
nual turnover of Sh400 – 460m and
over150employees.
Warren, which has a wide range
ofproducts,includingconcretepipes
and roofing tiles, was originally a de-
partmentinthelargerWarrenKenya,
whichmainlydealtinconcretepipes,
fabricated steel structures, and steel
tanks.
“Warren Concrete business was
boughtbymygrandfather,MrDevshi
Dhanji Patel, and has been passed
down through the family lineage to
the third generation, now being run
bythegrandsons,”saidDineshPremji
Patel, the CEO of Warren Concrete
Ltd. “We have now managed to build
thebusinesstobecomeacompanyof
itsown.”
Quality and efficiency
hasbeenattheheartof
thistransition,seeing
thecompanycontin-
uouslyrevampitself
overtheyears.
“The early 90’s
witnessed the com-
pany open up a branch
in Uganda, Stone Concrete
Ltd,withasimilarbusinessstructure
asWarrenConcrete(K),”saidDinesh.
Thecompanyfocusesonquarryingand
manufactureofprecastproducts.
A major priority in the expansion
hasbeenimplementingthelatesttech-
nologiesandutilizingthemostmedo-
ersandeffectivemachinery.
“Good and efficient
equipmentisofsuchhigh
importancetothecom-
pany,hencewe useEu-
ropeansolidmachiner-
ies, coming from Den-
mark and Germany,”
said Mr Dinesh. “This
hasseenusmovefromjust
twomachinesatthebeginning
to30now,ensuringthedeliveryofqual-
ityservicesandproducts.”
The exponential growth that the
company has experienced over the
yearshasnot,however,comewithout
itsfairshareofchallenges.
“Duplicationoflicensesinthegov-
ernment departments and acquiring
skilled labour are problems we con-
stantly encounter,” said Mr Dinesh.
This,coupledwiththetransportation
hurdlesthatthecompanymeetsevery
day,greatlyaffectthebusiness.
But“weareonlymoreinspiredby
beingpartoftheTop100SmallMedium
Enterprises(SMS)forthesecondtime
running,inadditiontobeingthebest
manufacturing company in Kenya,”
saidMrDinesh.
The company is now the leading
suppliersofconcretetilesinKenya,in
addition to being the second to Bam-
buriCementKenyainthemanufacture
of building blocks. Warren Concrete
nowsupplies70percentofcontractors
inNairobi,andiscurrentlyworkingon
more innovative ways and looking at
variousoptionsofbringingnewprod-
uctsintothemarket.
For companies looking to follow
intheirfootsteps,Dineshemphasizes
thattheoneimportantfactorisquality.
“Believeintheuniquenessandquality
of your product without compromis-
ingonthepriceoftheproducts,despite
whatyourcompetitionmaybeselling
thesameproductfor,”saidMrDinesh.
“Afterall,yougetwhatyoupayfor.”
Equipment make≥
≥ides on booming
const≥uctiontog≥ow
OfficialsandstafffromWarrenConcreteLimitedcelebrate afterthefirmwasdeclaredindustrychampioninthemanufacturing
categoryandfourthoverallduringtheKenyaTop100Mid-SizedCompanies2015Survey.
11. XIMonday October 26, 2015 | BUSINESS DAILY
5 BONFIRE
ADVENTURES
INDUSTRY TOURS &
TRAVEL
BY LYNETTE IGADWA
S
imonKabumetthewom-
anwhowouldbehiswife
at a Lukenya excursion
and after interacting with her
realisedtheybothhadaburn-
ingpassionfortravel.
Theideaofrunningatours,
travelandeventscompanywas
conceivednexttoabonfiredur-
ingoneoftheexcursionswith
SarahattheMaasaiMaraGame
Reserve, giving birth to Bon-
fire Adventures and Events
Limited.
Thatwasin2008,asKenya
wasgrapplingwiththeeffects
of post-election violence that
significant reduced tourist
numbers.
Tourcompaniesthatrelied
heavilyonforeigntouristswere
hithardest,makingthecouple
spot a gap in catering for the
domesticmiddleclass.
“Hotels across the country
had lowered their accommo-
dationratesmakingitpossible
formorelocalstosampletheir
services,”saysMrKabu,anEco-
nomicsandStatisticsgraduate
ofEgertonUniversity.
The journey started with
the couple inviting friends to
accompanythemtotheirwild
tours and excursions around
ataffordablerates.
Withtime,friendsentrust-
edalltheirtravelplanningand
organizing to the couple who
were keen to change percep-
tions that only foreign tour-
ists could sample the coun-
try’sbeauty.
Without wasting time, the
Kabus planted their seed of
sh20,000 into a business ven-
turethatstartedwithoutanof-
ficeorabankaccount.
More established tour
companies were at the time
focusing on corporate clients
and tried to shrug off Bonfire
Adventuresbaby-stepsbutthat
didnotdampenitsspirit.
Acknowledging that they
lacked experience in the tour
andtravelbusiness,thecouple
embarkedonadoortodoorre-
search so they could give cli-
ents what they had sampled
firsthand.
“We learnt fast tricks of
the business, enabling us to
handle clients from different
social backgrounds includ-
ing celebrities,” says Mr Kabu
who had worked as a tout on
route44.
Todaywithover60employ-
ees, the company does hotel
bookings,airticketing,airport
transfers,excursionsandany-
thing travel for its customers
spreadacrosstheworld.
It has over 100 travel pack-
ages to destinations across
the globe for newly-weds, an-
niversaries, birthdays and re-
tirements.
Integrityandhardworkare
some of the values that have
seen the business venture
growintoamulti-millionshil-
ling company that has waded
through the murky waters
whenever western govern-
ments issue travel advisories
by focusing on the domestic
market.
With five branches in
Nairobi and one in Nakuru,
the company is set for bigger
things including becoming
the biggest tour company in
Southern, Eastern and Cen-
tralAfrica.
“We have grown to be the
biggest promoter of domestic
tourism in Kenya,” says Mr
Kabu, who worked for Unga
Limited prior to venturing
intothetourbusiness.
Social media has played a
keyroleinmakingthecompany
one of the most popular tour
andtravelfirmsinthecountry.
Customers post photos taken
during travel on the company
Facebook page making the
business get referrals and re-
peatclients.
MrKabu viewsbusinessas
acallingwhichrequiresoneto
be proactive, consistent, hon-
estandpatient.“Integritywill
enable you get repeat clients
and referrals while patience
will chase away the spirit of
expecting results overnight,”
hesays.
Officialsandstafffrom
BonfireAdventures
Limitedreceivetheir
trophyfromNation
MediaGroupadvertising
directorMichaelNgugi
(3rdleft)afterthefirm
wasrankedfifthinthe
KenyaTop100Mid-Sized
Companies2015Survey.
Tou≥ ope≥ato≥
thatg≥ewoutof
love fo≥ t≥avel
2015
2014
2013
12. XII BUSINESS DAILY| Monday October 26, 2015
6 SUPERIOR HOMES
INDUSTRY REAL ESTATE
BY GEORGE OMONDI
I
fsmartinvestmentsfollowhighre-
turns,thentheAthiRiver–basedreal
estatefirm,SuperiorKenya,hasbeen
quitediligent.Inacrowdedresidential
housingmarket,ithasmanagedtokeep
a consistent growth record by putting
moneyinlocationswiththehighestre-
turnspotential.
When Machakos County opened
its vast land resources for investments
a few months ago, it took up the offer
andlaunchedaflagship700-unithous-
ingprojectinacountyonceregardedas
Kenya’salternativecapitalcity.
The firm which, was registered in
2004 with initial capital of just Sh500
millionistodayundertakingtheMacha-
kosprojectvaluedatSh15billion,hardly
eight years since it began construction
in2007.
Uponcompletion,Greenparkwillalso
have a shopping area, two schools and
asundownerclubhouseonits163-acre
pieceofland.“IcansaySuperiorHomes
hasgrownfromhumblebeginningstobe
recognisedwithintherealestatesector
whereitemploysover200peopledirect-
ly and another 800 indirectly,” says the
firm’sdirectorIanHenderson.“Wepride
ourselvesinnurturingtalentamongour
employees,givingthemopportunityto
transferskillsandemployothers.”
Thefirmseesmoreroomforgrowth
via innovation. It made an early name
in the residential housing segment by
introducingthetry-before-you-buycon-
cept,allowingpotentialhomeownersto
enjoythecomfortofthepropertybefore
makingapurchasedecision.
That concept, which literally trans-
latesto “test-driving”thehouse,itssur-
rounding and neighbourhood before
committingmoneyintheproperty,has
impressedthefirm’sclients,saysmarket-
ingmanagerAngelicaWambui.
“Ithas giventhemconfidenceinthe
companyandtheworkwearedoing.We
havenothingtohide,”shesays.
Recently,thefirmalsointroducedBuy
OverLongTerm(BOLT)concept,where
a client can pay for a house within one
to three years. This financing method,
MsWambuisaid,istargetedatbusiness
peopleordiasporaclientswhooptnotto
goformortgages.
Likeallotherstart-ups,thefirm’spast
isauthoredbysetbacks.MrHenderson
recallsthechallengestheshefacedwhen
hefirstapproachedfinancierstobuyinto
the Greenpark project. “We had to rely
oncapitalfromanotherbusinessinthe
UK.”Hesaid.
Healsorecallsthatthegatedconcept
wasalsoahardsell.“Ittooktimebefore
clientsfullyunderstoodtheconceptand
welcomedtheidea.”
SuperiorHomesseesitselfreplicating
theGreenparkmodelinothercountiesin
thenextfiveto10years.Atthemoment,
thefirmsaysithasanumberofdevelop-
mentinthepipelinebutcan’tgopublic
about them yet as they are still in early
stagesofnegotiations.
Ithashoweverconfirmeditsplanto
construct holiday lodges around Lake
Elementaita of Nakuru County. The 50
“leisurelodges”beconstructedona12-
acreparceloflandwillbecompletedin
OctobernextyearatcostofuptoSh200
million.Theprojecttargetsholidaymak-
erstothenearbyNaivashaandNakuru
towns.
Thefirmalsoholdsdearitscorporate
social responsibility (CSR) division. At
the moment, its CSR project involves
identifying public schools with chil-
dren from the humble background.
Once a school is selected, its students
areprovidedwithmaterialandexperts
to guide them through creating hand-
madecards.
Superior Home’s associate in UK
(HCL), then help in finding market
wherethecardsaresoldtofinanceschool
projects.“Weseeourselvesgrowingthe
CSRdivisiontogreaterheightsinthenext
fiveyears”,saysMrHenderson.
OfficialsfromSuperior Homes LimitedreceivetheirtrophyfromNationMediaGroupadvertisingdirectorMichaelNgugi(left)after
thefirmwasranked sixthduringtheKenyaTop100Mid-SizedCompanies2015Survey.
Realto≥’s supe≥io≥
homes win it top
honou≥s in su≥vey
1ST NOV.215 @51 BUTERE ROAD INDUSTRIAL AREA
MOBILE:732 333 334 NAIROBI.
LOTS OF OFFERS AND GIVE AWAYS TΗIS FESTIVE SEASON…
DONT BE LEFT OUT VISIT OUR KISUMU
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Dіrесt Imроrtеrѕ, Whоlеѕalеrѕ & Rеtaіlеrѕ оf Mоtоr Vіhісlе Sрarеѕ & Aссеѕѕоrіеѕ.
Ηеad Offiсе: P.O. 44 - 41, Makaѕеmbо Rоad, Kіѕumu, Kеnуa Tеl: + 254 - 57 - 2238378
Naіrоbі Branсh: 51 Butеrе Rоad, Ind. Arеa Naіrоbі, Kеnуa Mоbіlе 732 333 334 Emaіl: іnfо@amехautоѕѕрarеѕ.соm Wеbѕіtе: www.amехautоѕѕрarеѕ.соm
SΗOP ONLINE@ www.amехautоѕрarеѕ.соm
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Direct Importers, Wholesalers & Retailers of Motor Vehicle Spares & Accessories
1ST NOV.215 @51 BUTERE ROAD INDUSTRIAL AREA
MOBILE:732 333 334 NAIROBI.
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Ηеad Offiсе: P.O. 44 - 41, Makaѕеmbо Rоad, Kіѕumu, Kеnуa Tеl: + 254 - 57 - 2238378
Naіrоbі Branсh: 51 Butеrе Rоad, Ind. Arеa Naіrоbі, Kеnуa Mоbіlе 732 333 334 Emaіl: іnfо@amехautоѕѕрarеѕ.соm Wеbѕіtе: www.amехautоѕѕрarеѕ.соm
SΗOP ONLINE@ www.amехautоѕрarеѕ.соm
NAIROBI BRANCΗ
Head Office: P.O. Box 404-40100, Makasembo Road, Kisumu, Kenya Tel: 0722 793780/0733 333334
Nairobi Branch: P.O. Box 17880-00500 Nairobi, 51 Butere Road, Ind Area Nairobi, Kenya Mobile: 0732 333334,
Email: info@amexautospares.com | Website: www.amexautospares.com
1ST NOV.215 @51 BUTERE ROAD INDUSTRIAL AREA
MOBILE:732 333 334 NAIROBI.
LOTS OF OFFERS AND GIVE AWAYS TΗIS FESTIVE SEASON…
DONT BE LEFT OUT VISIT OUR KISUMU
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Ηеad Offiсе: P.O. 44 - 41, Makaѕеmbо Rоad, Kіѕumu, Kеnуa Tеl: + 254 - 57 - 2238378
Naіrоbі Branсh: 51 Butеrе Rоad, Ind. Arеa Naіrоbі, Kеnуa Mоbіlе 732 333 334 Emaіl: іnfо@amехautоѕѕрarеѕ.соm Wеbѕіtе: www.amехautоѕѕрarеѕ.соm
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NAIROBI BRANCΗ
.
13. XIIIMonday October 26, 2015 | BUSINESS DAILY
MPPS Accessories, A Different Class
The Top 100 Mid-sized Companies is an annual
survey by the Nation Media Group’s Business Daily
newspaper and professional services firm, KPMG.
It informs the market of the fastest growing mid-
sized companies to look out for.
For MPPS Managing Director Zaheer Abbas
Khimji, customer service is the most important
value for his business. At 26, Zaheer, popular
as Zak, is managing one of the biggest vehicle
accessories firms in East Africa.
“This recognition is the result of the team’s
hard work and their strong adherence to quality
PPS (1998) Ltd, a pioneer of car
alarm systems in Kenya and now
a leading vehicle accessories store
in East Africa, has successfully
leveraged its customer-centric culture to lift its
fortunes further. This year, the firm has been
ranked among the top 100 mid-sized companies
in Kenya, taking position 33.
M
MPPS Workforce
By MILLICENT MWOLOLO >>> mmwololo@ke.nationmedia.com
Zak the
servant
leader
For a first-time customer at the
MPPS showroom on Mombasa
Road, there is nothing to show
that Zak is the Managing
Director or the owner of the
establishment. He passes as an
employee, and that’s because
despite managing assets worth
millions, Zak is sober, cool and
selfless.
He exemplifies the ideals of
a true servant leader. You will,
for instance, never find him in
a suit. He is usually dressed
down in jeans and a company
branded short-sleeved shirt.
This, he argues, has helped him
to remain humble and bond
easily with the staff. “I dress
simply and share meals with our
employees. We are all equal as
human beings,” he says.
But perhaps Zak’s deep
religious culture is what has
shaped him to be the humble
manager and custodian that he
is today. He declares that his first
pillar in life is his trust in God
and principles of virtue such as
equality, fairness, kindness and
tolerance. These, he explains,
guide his daily interaction with
his employees, customers and
the wider public.
“The first thing is treating
people fairly,” he says. Every
month, the company has a
staff meeting where all the
employees are free to speak
out their mind. In addition, Zak
maintains an open door policy
where employees can walk
into his office anytime. “I take
everybody’s opinion as I know
people see things and think
differently,” he says.
Zak has also empowered
managers and employees to
make decisions and implement
them. This makes them feel
valued. MPPS also provides
incentives for staff to work even
harder. “The more profits we
make, we give higher salaries,”
says Zak.
MPPS is quietly engaged in
corporate social responsibility
activities in various parts of
the country. Zak and his family
are soon coming up with a
foundation purely dedicated for
education and health for the less
fortunate.
Late Zulfikar Η. Khimji
Founder
TOP 100 MID SIZED COMPANIES 2015
Repositioning MPPS
The last six years have been a great journey for Zak,
who took over the management of the company
that is known as Mombasa Penny Profit Store,
hence the acronym MPPS, after the passing on of
his father, Zulfikar H. Khimji in 2004.
From 2010, young Zak had to strategize how
to reposition the company back to where it had
been for many years under his father’s leadership.
“MPPS always had a reputation for quality, but
when dad passed away, that reputation went
down,” he explains.
“When I took over, we had to win back that
reputation, and the best way to do this was through
customer satisfaction,” he adds. Today, Zak is more
than satisfied that the company is back to where
his late father wanted it to be.
Having been exposed to business leadership in
his upbringing, Zak has found it easy to manoeuvre
and cope with challenges that came with running a
company at a young age. His late father would take
him along to business and community meetings.
MPPS has upgraded all its operational systems
and doubled its list of suppliers, enabling it to
offer a wider range of products and services to
customers. “Unfortunately, we reduced our
staff by half, but at the same time increased
our turnover by 75 per cent,” Zak says. He
quickly points out that the leaner number
of staff at the moment has not only meant
happier employees, but also a very productive
workforce.
MPPS’ core business remains vehicle
security. Other products and services offered
include pressurized exterior and interior
washing machines, mechanical and electrical
services, accident repair, Bluetooth car kits,
stereo systems and a variety of car care
products, seat and car covers, floor mats,
roof racks, air intake systems and many more
that improve both durability and outlook
of vehicles. The company also stocks and
provides tracking and recovery services,
gear/door/wheel locks, front/rear bars, heat
resistant/anti-shatter window tint that
protect vehicles from damage and theft.
Most of these products are imported
from Germany, UK, India, Italy, Lithuania,
Portugal, Taiwan, Thailand, China and the
United States.
From a struggling position in 2010, the
company now prides itself as being able
to supply accessories to more than 75 per
cent of all the vehicle models in Kenya.
Zaheer Abbas Zulfikar Khimji
Managing Director
and excellent customer service, which has seen our
business grow,” he says of the ranking.
Continuous improvement of skills among staff and
consistency in quality has over the years ensured
that customers get unique, high quality products
with a supreme class of service to back it. This has
seen a very strong customer loyalty, which has
propelled the company into growth. Repeat
clients and referral business has worked well for
MPPS. “Our customers have become our brand
ambassadors,” Zak says, exuding confidence.
The company’s showroom is based at
Piranha Centre on Mombasa road.
Continuous
improvement of skills
among staff and
consistency in quality has
over the years ensured
that customers get unique,
high quality products with
a supreme class of service
to back it.
14. XIV BUSINESS DAILY| Monday October 26, 2015
7 LEAN ENERGY
SOLUTIONS
INDUSTRY ENERGY
BY ANNIE NJANJA
D
inesh Tembhekar opened the
doors of Lean Energy Solu-
tionsin2007,afterleavinghis
well-paying job at the United Nations
DevelopmentProgramme.
In a span of eight years he has en-
durednumerouschallenges,including
anacutelackoffinancingashepushed
thecompanyupthehilltostandamong
themostprofitablesmallandmedium
enterprises(SMEs)inKenya.
His was a humble beginning. He
started off in a tiny home office with
a single employee and lack of ready
capital to grow his business saw him
puthishouseasasecurityaftertaking
aloanfromthebank.
NrTembhekar, whoisthefounder
andmanagingdirectorLeanEnergySo-
lutions,sayschangesareapartofrun-
ningabusinessandanyentrepreneur
should soldier on till his/her dreams
cometrue.Ittookhimtwoyearstostart
makingprofits.
Thisyear,forthethirdtimeinarow,
LeanEnergySolutionshasbeennomi-
natedasoneoftheTop100fastestgrow-
ingMid-sizedcompaniesinKenya.
The Top 100 survey, which is the
product of a partnership between ac-
countingfirmKPMGandNationMedia
Group,featurescompanieswithanan-
nualturnoverofbetweenSh70million
toSh1billion.
In 2013, Lean Energy Solutions
emergedtopintheTop100Small and
Medium Sized enterprises list, a posi-
tion Tembhekar said was as the result
of its leadership in green technology
thathasattractedmajorplayersinthe
market.
The company appeared in fifth
and seventh place last and this year
consecutively.
AthispreviousjobTembhekarwas
mostly involved in helping organiza-
tions improve productivity, which is
how he founded the business aiming
to help companies to reduce their en-
ergyconsumption.
Lean Energy Solutions uses green
energyproducedfrombriquettesmade
from sugarcane dry waste to heat wa-
ter in boilers and produce steam. The
company installs the boilers in indus-
tries, a way of bringing the cost of en-
ergy down and stop the rising costs of
fossilfuels.
Thecompanyhasabriquettingma-
chineinMuhoroni,whereitgetsitssup-
plyofbiomassmaterialsthatarecom-
pressedintobriquettes.Theleftoverba-
gassefromMuhoroniSugarCompany
iswhatthecompanyusestomakethe
briquettes.Thesugarcompanywhich
previously used furnace oil embraced
the use briquette boilers courtesy of
Tembhekar’sinnovativeness.
Use of briquettes prevent carbon
dioxide emissions which is a major
contributor to climate change. It also
reducestheoverrelianceontheimport-
ed oil bringing the cost of production
downandpromotesemployment.
In a past interview with the Busi-
nessDailyTembhekarsaidthatstatis-
ticsshowthat“everytonneofbriquettes
manufacturedbythecompanycreates
a12daysofemploymentandsavesthe
country $150 by reducing reliance on
importedoil.”
Steamcanusedtosterilizemedical
equipment in pharmaceutical indus-
tries, fixing dyes in textile industries
andboilingsyrupforthemanufactur-
ingofbeverages
Industriesusingtheoptionspend25
percentlessoftheamounttheywould
incurbyusingafurnaceoilordieselfuel
toproducesteamenergy.Coca-cola,Sas-
iniCoffee,SpinKnitandFlamingoTiles
aresomeofthecompany’sclientelewho
aremainlyfromthemanufacturingand
processingsector.
Lean Solutions Group signs an
eight year agreement with its clients
anddeploysitsworkerstoruntheboil-
ers.Aftertheeightyearscompaniescan
choose to renew the contract or pur-
chasetheboilers.
Thecompanyemploys200people,
15 of whom are engineers. It has also
madeanentryintotheTanzanianmar-
ket,andplansisthatitwillopenanof-
ficeinUgandabin2018.
Thecompanyhasbeenrecordinga
growth rate of 30 to 50 per cent annu-
allyinturnoverandprofits.Tembhekar
attributesthesuccesstoqualityservice
whichalsosupportsconservationofthe
environment.
LeanEnergySolutionsLimited managingdirectorDineshTembhekar(centre)andofficialsposewiththeirtrophyafterthefirm
emergedseventhduringtheKenyaTop100Mid-SizedCompanies2015Survey.
Fi≥m finds fo≥tune in clean ene≥gy solutions
By EVANS ONGWAE
eongwae@ke.nationmedia.com
To consistently feature in the list of the Top 100 Mid-sized
companies in Kenya, North Star Cooling Systems must be doing
something right. NSCS was one of the winners during this year’s
survey of mid-sized firms.
This is a confirmation that the firm is excelling in its chosen field
of supplying and installing HVAC systems.
Any business should strive to add value to the economy and
should live up to or exceed the expectations of the clients.
Quality service delivery guarantees business continuity and
NSCS has succeeded in delighting its customers.
HVAC systems, which this firm specializes in, is important in the
design of medium to large commercial or industrial, laboratories,
cold rooms and office buildings. These are places where safe
and healthy building conditions are regulated with respect to
temperature and humidity, using fresh air from outdoors.
Ventilation is used to remove unpleasant smells and excessive
moisture, introduce outside air, keep interior building air circulating, and prevent stagnation of the interior air.
Ventilation includes both the exchange of air to the outside as well as circulation of air within the building. It is one
of the most important factors for maintaining acceptable indoor air quality in buildings.
In modern buildings the design, installation, and control systems of these functions are integrated into one or more
HVAC systems.
For larger buildings, building service designers, mechanical engineers, or building services engineers analyze,
design, and specify the HVAC systems. Specialty mechanical contractors then fabricate and commission the
systems.
North Star Cooling System’s unique competency and perhaps the biggest differentiator is that, they do not simply
carry out the project as a typical contracting firm, where as they work closely with all the stake holders of the project
and look at the entire system in a holistic manner keeping in-view of certain critical factors such as optimal design,
efficiency, reliability, life cycle cost and after sale service, among others.
This philosophy and approach earns the confidence of the firm’s esteemed clientele.
NORTH STAR COOLING SYSTEMS LTD, P.O Box 5085-00506, Nairobi, Kenya
Shiv Business Park, Unit No.4, Old Mombasa Road, Tel: - 2013142 Tel/fax: - 551398
Cell:0710-200400 / 0737-777600, E-Mail: - info@northstar.co.ke md@northstar.co.ke
NORTH STAR COOLING
SYSTEMS LTD
Best in professional services
15. XVMonday October 26, 2015 | BUSINESS DAILY
SuperbroomServicesLimitedofficialsposewith
theirtrophyafterthefirmwasrankedeighthduring
theKenyaTop100Mid-SizedCompanies2015
Survey.
SUPERBROOMSERVICESLIMITED
8 SUPERBROOM
INDUSTRY SERVICES
Soyou’rethinkingaboutstartingabusi-
ness?
Terrific. About 543,000 small businesses are
started each month in the United States ac-
cording to data from DocStoc. However, for
those thinking about starting one, it’s often
the mental hurdles that prevent you from
forgingahead.
Unansweredquestionscangetintheway
ofadvancement.AmIreadytostartabusi-
ness?DoIhaveenoughsavingsandtime?
Or,Ihaveseveralbusinessideas--whichone
shouldIpursue?
Startingabusinessisexciting,headystuff,and
it’snotforeveryone.Here’ssomeguidanceto
helpyoudetermineyourentrepreneurialtal-
ents,whetheryou’rereadytojointheranksof
smallbusinessownersandthenextsteps.
WhyStartaBusiness?
Forsome,entrepreneurshipisinspiredbythe
need for autonomy, like in Jayson DeMers’
case. The founder and CEO of Audience-
Bloom, a Seattle-based SEO agency, was 24
years old and working a full-time job at an
online-marketing agency when he began a
side business. “I questioned everything and
feltuncomfortablebeingboundbysomeone
else’s rules,” he says. “I wanted to be free to
make my own decisions, take time off when
I chose to (without asking) and not have to
reporttoanyone.”
Aftergatheringfreelanceclients,DeMers
waseventuallyabletoquithisfull-timejob.
Forothers,startingabusinesscomesfrom
solvingaproblemintheirownlives,likeitdid
with Sujan Patel, the vice president of mar-
ketingatWhenIWork,anemployeesoftware
schedulingcompany.
Last year, Patel, 30 years old at the time,
created two marketing tools to save himself
timeandeffortinhisjob.Aftertellingfriends,
who were also in the marketing field, about
his tools, he discovered they were willing to
payhimmoneyforaccesstothem.
“That’s when I knew I had something
people really wanted,” he says. “It was a bit
ofanaccident.”
He started two new businesses,
ContentMarketer.io and Narrow.io, with
the benefit of marketing his SaaS products
toinanindustrywherehealreadyhadmore
than10yearsofexperience.
Some entrepreneurs go into business for
thechallenge.MikeTempleman,CEOofFox-
tail Marketing, a digital content marketing
firm specializing in B2B SaaS, was at a full-
timejobwherehe’dbeenpromotedandgiven
araise--andhefoundhimselfrestless.
He would work on side projects at night.
Eventually,thoseprojectsbroughtinenough
incometoallowhimtoleavehisfull-timejob
andstarthisowncompanyattheageof30.
Steps to sta≥ting a small business
16. XVI BUSINESS DAILY| Monday October 26, 2015
9 SOFTWARE
TECHNOLOGIES
LTD
INDUSTRY ICT
S
oftware Technologies Limited
(STL)startedin1991withonly
fiveemployees,andhasgrown
to become one of Africa’s leading IT
solutionsprovider,withover120em-
ployeesaroundtheglobe.
It emerged as the best ICT com-
pany in the 2015 Top 100 mid-sized
companies survey, an initiative of
accounting firm KPMG and the Na-
tion Media Group designed to iden-
tify Kenya’s fastest growing medium
sizedcompanies.
Software Technologies first ap-
pearedontheTop100mid-sizedcom-
panies list in 2009 finishing at posi-
tion97.In2013,thecompanywasonce
againontheTop100listandfinished
atposition78.Thefirmshowedcontin-
uedgrowththisyearwhenitfinished
atpositionnineandwasdeclaredthe
ICTindustrychampion.
Fromitsconception24yearsago,
SoftwareTechnologiesaimedatcom-
ingupwithuniqueservicesthatwould
offersolutionstotheneedsofitsbusi-
nessandindividualclients.
It creates and comes up with its
ownsoftware,whichhasovertheyears
createdhighconfidencelevelsfromits
customers,leadingtoasteadygrowth
ofitscustomerbase.
The company strives to bring in-
novative products made by
Africans to Africa. “We
give our clients quality
productsandservices.
Our standards in the
quality of products
we offer our clients
are international not
local,” said Jyoti Mur-
khejee CEO of Software
Technologies.
Whenitwasestablished,itwasthe
onlycompanyinKenyathatdeveloped
it’sownIPlocally,and,evennow,itis
theonlycompanyinKenyathatoffers
aboardmeetingsmanagementsystem
called the e-Board. E-Board is
a software that allows busi-
nessestomakeuseofthe
best corporate govern-
ance practices and
all aspects of boards,
including recording
board meetings, cre-
ating agendas, and al-
lowingdirectorstocarry
out evaluations, as well as
containingthedirectors’CV’s.
Some of the companies that have
benefitedfromthisinnovationareEq-
uityBank,KenGen,CICGroupInsur-
anceandtheKenyaCentralBank.
Thecompany,whichhasapresence
inTanzania,Uganda,Nigeria,Zambia,
andtheMiddleEast,placesitsclients
asthecentralpillarinallitdoes.
Ithassetupanonlineremotesup-
portsystemforallitslocalandinter-
national clients, which guarantees
maximum satisfaction and has led
to the continued growth of its cus-
tomerbase.
It also continuously works on
bringing technology like cloud com-
puting to Africa, which has helped
businessesruntheirITdepartments
better and at a cheaper cost, as well
as increasing the business solutions
itofferstoitsclients.
Overtheyears,STLhasexpanded
fromIPservicesprovisiontoproviding
servicessuchasconsultancy,support
and training, web and e-commerce
services,andapplicationmigration.
Itremainsrelevanttoitsmarketby
monitoringtheemergingclientneeds
andcomingupwithnewinnovations
toprovidethesolution,andbyavoid-
ingtheredundancyofservicesoffered
byitscompetitors.
STLhasavisionofgrowingtobe-
comeAfrica’sleadingglobalsoftware
solutionscompany.
-AFRICANLAUGHTER
OfficialsandstafffromSoftwareTechnologiesLimitedwiththeirtrophiesafter
thefirmwasdeclaredindustrychampion intheICTcategoryandninthoverall
duringtheKenyaTop100Mid-SizedCompanies2015Survey.
The IT fi≥m that
delive≥ssolutions
fo≥smallbusiness
17. XVIIMonday October 26, 2015 | BUSINESS DAILY
10 HIPORA BUSINESS
SOLUTIONS
INDUSTRY RETAIL LOGISTICS
BY MUGAMBI MUTEGI
H
iporaBusinessSolutionsEast
AfricaLimitedhaslatelybeen
in the news for a number of
reasons.
Thelogisticsfirm,whichspecialises
inverificationofsupermarketprocesses
to reduce losses, was in July, hired by
cash-strappedUchumiSupermarkets
toauditthefinancialhealthoftheretail
chaininthethreeEastAfricannations
whereUchumihadapresence.
UchumirecentlypulledoutofTan-
zania and Uganda citing perpetual
losses. It is, however, not clear if Hi-
pora’s report had anything to do with
thedecision.
Two weeks ago, the firm was once
again in the media. This time around
Hipora,whoseannualrevenuestands
atoverSh200million,hademergedfifth
inthelatesteditionoftheTop100Mid-
Sizedcompaniessurvey.
“Theawardwasagreathonourfor
us.Otherthanendorsingthecompany’s
health and viability, it has made more
peopleknowusandunderstandwhat
we do,” said John Wanjohi, the firm’s
financedirectorandco-owner.
Hipora’s job can be boiled down to
ensuring that whatever retailers buy
from suppliers and what they sell to
customersbalanceoff.
In the event that these inventories
do not reconcile, the six-year-old firm
investigatesthecauseandadvisesthe
supermarket’s management accord-
ingly.
Mr Wanjohi, who is one of the four
equalshareholdersinHipora,initially
worked as a finance manager at Sho-
prite – a South African retail chain
before moving to retailer’s Tanzania
branch in 2008. He teamed up with a
South African friend-turned business
partner,MrTshepoMonnanyana,who
at the time worked at a risk manage-
mentfirminSouthAfrica.
Thetwofiguredoutthatthereexist-
edabigriskmanagementandlogistics
gap in Kenya’s blossoming retail sec-
tor, which lost Sh3 billion every year
to shoplifting, pilferage and outright
theft through well-coordinated rack-
ets transporters, receiving and pack-
agingteams.
Armed with this insight, Wanjohi,
Tshepoandtwootherpartners(aKenya
andaSouthAfrican)decidedtosetup
afirmtoofferarangeofinventoryand
logisticsservicestoretailers.
Hipora,whichisbasedatPanariSky
Centre along Mombasa Road, started
its business in 2009 when it wrote a
proposal to Tuskys Supermarkets to
employworkersfortheretailer.
AftertheTuskysdeal,Hiporastarted
marketingitselfasabrandandwithin
threeyearsofoperation,ithadsecured
moreclientsfromtheregion.
“Tuskys offered us even the space
to operate from. It was a good recep-
tion given we hardly knew each other
asclientandserviceprovider,”saidMr
Wanjohi.
Today, the list of Hipora’s clients
in Kenya include Tuskys, Eastmatt,
Nakumatt, Quickmart, Maathai and
Eastmattsupermarkets.InUganda,it
servesthelikesofUgandaBreweriesas
wellasTuskysandNakumatt.
Under the contract, no deliveries
are paid to retail suppliers until Hi-
pora confirms that the amount due
corresponds with the quantity and
qualitydelivered.
Thecompanyalsoworkswithware-
housesandinstitutionsthat buygoods
in large quantities and receiving and
dispatch sections that are prone to
stocklosses.
Hipora provides companies with
loss control managers, stockroom
controllers, front end checkers, floor-
walkerswhocheckanomaliesthatmay
occurinthesupermarkets.
It recently introduced undercover
agents who covertly provide informa-
tiononanyunderhanddealingsatthe
workstations.Thisintelligenceiscriti-
cal to sealing any loopholes that may
existintheorganization.
Hiporaisnowtargetingcountygov-
ernments, manufacturing plants and
supermarketsuppliersallofwhomdeal
inlargequantitiesofsuppliesandthere-
foreneedtobeefuptheiraccountability
intheirsupplyanddistribution.
HiporaBusinessSolutionsEastAfricaLimiteddirectorJohnWanjohi(right)andofficials
posewiththeirtrophyafterthefirm emergedtenthduringtheKenyaTop100Mid-Sized
Companies2015Survey.
Logisticscompanythathelps≥etaile≥scutlosses
18. XVIII BUSINESS DAILY| Monday October 26, 2015
11 WELL TOLD STORY
INDUSTRY SOCIAL MEDIA
RESEARCH
F
rom the ashes of political tur-
moilthatfollowedKenya’s2007
generalelectionaroseabusiness
ideathatusedstorytellingtoreachthe
youth who were vulnerable to chaos
andviolence.
Two years later the originators of
that idea registered Well Told Story
Limited, a socially dedicated media
research and production company
based in Kenya and Tanzania, focus-
ingonpositivetransformationofyoung
peopleinAfrica.
“Itbecamecleartousinthewakethe
post-election turmoil that there was a
need to give youth in Kenya access to
goodideas,opportunitiesandinspira-
tion so they could take action to im-
provetheirlives,”RobBurnet,46,told
theBusinessDailyinaninterview.
Eight years later, Well Told Story –
theenterprise--finished number11in
theTop100mid-sizedcompanies’sur-
veyanachievementthattestifiestothe
rapidgrowthithasrealizedsinceitwas
formallyregisteredsixyearsago.
“We saw an opportunity in that
space, for a socially motivated com-
panythatcouldcreatevaluesharedby
youth, corporations and by develop-
mentagenciesallanxioustoreachthe
youthdemographicsinpositiveways,”
heexplained.
WellToldStoryLimitedwasfounded
by Mr Burnet who works along with a
group of individuals and has incorpo-
ratedotherpartnersinthebusiness.
The company’s main business is
telling the on-going story of DJB, the
pirateradioDJattheheartofShujaaz
–themulti-mediachannelonFMradio,
social media, video, TV, film and the
Shujaaz comic books that are distrib-
utedintheSaturdayNation,apublica-
tion ofNationMediaGroup andfrom
M-Pesakioskseverymonth.
Like most startups, Mr Burnet re-
calls his first month of doing business
ashardbutthathardenedhisgraspto
pushonuntiltheend.
He categorises his hardest part as
getting to the launch of the platform
with all the necessary partnerships in
place. However, he says the easy part
was connecting with young Kenyans
who loved the Shujaaz media right
fromtheoutset.
Hisfirstclientswereandstillismo-
bile services provider Safaricom and
the Nation Media Group who distrib-
uteShujaazcomicsincludingCocaCola
thatdoesthesameinTanzania.
“We still work with the United
Kingdom government. Our base has
broadened to include the Gates and
Hewlett foundations, Unilever, Voda-
com in Tanzania and others. And the
audiencehasgrowntoo–Shujaaznow
reaches69percentofKenyansaged15-
24,”saidMrBurnet.
“Fromtheoutsetourmotivationwas
to offer genuine, measurable value to
Kenyanyouth.Maybewewerenaïvebut
wefiguredthatourbusinesswouldbe
sustainableandgrowifwedeliveredto
young people first, our clients second
and ourselves third. We still work to
maintainthatorderofpriority.”
Well Told Story Limited break-
through came in the year 2012 when
they won the first of our two Inter-
national Emmy Awards for the way
theytellstoriesacrossmultiplemedia
platforms.
He says knowing they are among
the best in the world at what they do
has been a boost to every part of their
business.
Currently,thecompanyhasaround
40staffinKenyaandTanzania,aswell
as a lot of freelance creatives spread
acrosstheregion.
Well Told Story Limited said their
business segment has not received
much competition. “Almost everyone
elseputsprofitoverpurpose.Westickto
ourcore–weserveouraudiencefirst.”
Hesaystheonlyfearsareaboutmoving
asfastasourmarket.
On expansion plans, the company
plans to spread into further countries
in Africa and is currently developing
opportunities for strategic growth
with focus to stay on under-served
youngpeople.
“We are working on a number of
strongnewideasthataddvaluetoour
existingbrands,”hesays.
WellToldStoryLimitedofficialsposewiththeirtrophyafterthefirmwasranked11th
duringtheKenyaTop100Mid-SizedCompanies2015Survey.LookingonisNSEchairman
EddyNjoroge.
A c≥eative sto≥y
that tu≥ned into
th≥iving business
19. XIXMonday October 26, 2015 | BUSINESS DAILY
12 AMEX
INDUSTRY AUTO/HARDWARE
SUPPLIES
A
mexAutoandIndustrialHard-
ware Limited started out in
1988 as a small retail shop in
Kisumu, with a staff of four.
With an “in-depth” knowledge of
vehiclespareparts,ithasgrowntoday
tobelistedamongtheTop100compa-
nies in the region.
Foracompanytoberecognizedin
thecompetition,theymustbewilling
to submit audited results for the past
threeyears,andhaveanannualturno-
ver of between Sh70 million and Sh1
billion, something they boast of.
The company’s Director, Devesh
Patel,saysthat,theystartedbyslowly
increasingtheirturnoverandcreating
a bigger customer base.
In 2010, they had saved enough to
buythembiggerpremisesforthecom-
pany’s expansion, he says.
“Withanewchangeofenvironment
andafreshteamof24peoplein2013,
westarteddoingwholesalebusinessas
achangeofstrategytoslowlyincreas-
ingoursaleswithverylowmargins.We
haveempoweredourstaffandcreated
agoodworkingcultureinthecompany,
which is crucial for growth,” said Mr
Patel adding that his father, Manhar-
bhai Patel, was the founder.
“Our yearly turnover has grown
steadily in the last three years”.
Thecompanydealswitharangeof
vehicle spare parts.
From suspension arms, body
parts, side mirrors, headlamps to
service parts.
MrPatelsaystheyrecentlylaunched
ane-commercewebsiteallowingcus-
tomerstosecurelypayforgoodsusing
a variety of options including mobile
money, Master Card and Visa Credit
cards.
“Innovation is the way to go in
businessandwehavecreatedanauto
parts e-commerce website to make
things easier for our clients and we
alsoprovidefreedeliveryonallonline
ordersthroughoutKenya.Wealsofully
computerised our operations so it is
easy to monitor inventory, ordering,
sales,” he said.
Headdedthattheyhavealsopart-
nered with Jumia to sell their auto
parts on their online platform. Their
target market include retail shops,
garages, insurance companies, fleet
owners and individuals.
Thedirectorstatesthattheyimport
theirhardwaredirectlyfromtheirfac-
tories in Asia.
Theywillsoonbeopeninganoutlet
onButereRoadinNairobi’sIndustrial
AreastartingNovembertobetterserve
ourNairobiclientsandtheircounter-
partsinthesurroundingenvirons,says
Mr Patel.
They also serve Uganda and Tan-
zania markets.
“We have managed to keep and
growourclientelethroughtheunbeat-
ablepricesontopbrandswhilebreak-
ingeven.Wewillbecreatingafurther
30jobsinourNairobiofficein2016as
we look to expand our customer base
to Central Africa,” he said.
MrPatelquicklyaddsthatthecom-
pany made notable strides from be-
ing position 62 in last year’s Top 100
companies’ survey conducted by the
BusinessDailyandKPMGtonumber
12 this year.
“The experience is amazing. This
big leap (being ahead of 50 compa-
nies compared to last year) has re-
ally empowered our staff and we are
all looking forward to increasing our
productivity and clinch position one
come next year,” said Mr Patel.
-AFRICAN LAUGHTER
AmexAutoandIndustrial HardwareLimitedofficials celebrateafterthe firmwasranked inposition12 duringtheKenyaTop100
Mid-SizedCompanies2015Survey.
Moto≥ spa≥e pa≥ts fi≥m ≥evs to ≥ecognition
THANK YOU FOR MAKING US NO 2 COMPANY IN
KENYA IN THE TOP 100 MID-SIZED COMPANIES
2015/16
We thank our dedicated staff and customers for having trust and confidence in
us.
Professional Clean Care Ltd is a leading company in Commercial Cleaning
Services with over 28 years in providing outsourced cleaning services to a wide
variety of clients who need to focus and concentrate in their core business.
We have hundreds of satisfied customers occupying millions of square feet
of office space who can testify that, when it comes to value, quality and
responsiveness, Professional Clean Care Ltd is number one.
We thank God that we were for a third time recognized by KPMG Kenya/Nation
Media Group as the No.2 overall winners out of 100 Top SME’s Companies. We
were awarded the prestigious award on 9th
October 2015.
We wish to mention that we were the first cleaning company to attain ISO 9001:
2008 Certificate in 2011.
The company’s success is due to my hands on leadership skills and good
organizational structure and confidence in my staff.
The company has since opened branches in Nairobi, Mombasa, Nakuru,
Kisumu, Nyeri, Thika, Marsabit, Eldoret. We crossed over to Kampala and
Somalia and very soon venturing to Rwanda.
Visit us at Brunei House,1st
Floor
Witu Road-(off Lusaka Road)
Cell:0725685492/0772145050
Mrs. Betty Wanyoike CEO of Professional Clean Care limited receive their trophy from DiamondTrust
Bank CEO Nasim Devji (left) after the company emerged number two during the Kenya Top 100 Mid-
Sized Companies 2015 Survey Gala dinner at the Carnivore Grounds in Nairobi on October 9, 2015.
Looking on (left) is KPMG CEO Josphat Mwaura.
THANK
YOU
For Quality Cleaning in Hospitals, Offices, Houses &
Commercial Properties
20. XX BUSINESS DAILY| Monday October 26, 2015
INDUSTRY ICT
13 DATAGUARD
DISTRIBUTORS LTD
A
s computer viruses and mal-
warecontinuetomultiplyincy-
berspace, James Kinyua saw an
opportunitytokeepdigitalgadgetssafe
andmakemoneyintheprocess.
Sixyearsago,DataguardDistributors
wassetupasalinkbetweenproducersof
anti-virussoftwareandindividualcom-
puterusersandbusinesses.
Essentially, the company is a major
distributor of products to sub-dealers
likeshopownersandnetworkingcom-
panieswhosellthemtoindividualcon-
sumers, SME enterprises and govern-
mentagencies.
Dataguard has since grown in leaps
andboundstopostimpressivenumbers
that have put it firmly in the league of
Kenya’s fastest growing Medium-sized
companies.
ThoughMrKinyua,whoisthecompa-
ny’schiefexecutive,wasaboutthecom-
pany’s finances – Dataguard definitely
runs an annual turnover in excess of
Sh70million.“Lastyearweenteredthe
Top 100 competition and were at posi-
tion126.Itsayssomethingthatthisyear
weareat13.”
AmongtheclientsithasservedareSa-
faricom,KenyaRevenueAuthority,KCB,
National Hospital Insurance Fund and
BankofKigali.
When a company approaches them
forsolutions,Dataguardwillexecutethe
job through one of their sub-dealers as
they do not deal directly with the cli-
ent.Thecompanydistributesproducts
fromthreeforeigncompanies.Theseare
Kasperskyanti-virussolutionswhichwas
theirfirstproduct;Bitdefenderanother
anti-virus software and ICT hardware
fromanAmericancompanyNetgear.
“It’sbeenachallenginggrowth.There
was a time a lot of people couldn’t even
pronounce Kaspersky but now it has a
marketshareofover50percentinKen-
ya,”MrKinyuasaid.
Under the Netgear brand, they dis-
tribute switches, wireless connection
products, routers and gateways and
storagesolutionsamongothers.
MrKinyuasaidthattheyplantoadd
moreproductstoitsstablebutthisisonly
done after a careful review of the mar-
ket.Hehoweveraddsthatthenumberof
productstheyhandlewouldbecappedat
seven. “We have in the past introduced
someproductsbutrealisethattheyhave
not performed so well so we dropped
them,”hesaid.
As technology continues to develop
new services and gadgets like cloud
computing, smartphones and tablets,
the need for connectivity devices and
anti-virus protection has offered Data-
guard an even bigger opportunity for
growth.
Thecompanyhasspreaditswingsin
theeasternAfricaregionandnowserv-
icesits40sub-dealersinKenya,Uganda,
Rwanda,BurundiandTanzania.
The nature of their operations as
more of a logistics operator has meant
that they have managed to keep a lean
staffof15.
Mr Kinyua said that they face stiff
competitionespeciallyfromonlinesales
of the products they sell as well as indi-
viduals who fly out of the country and
acquiretheitemsthere.
Ente≥p≥ise makes
its ma≥k keeping
digitalgadgetssafe
Dataguard DistributorsLimitedofficialsposewithNSEchairmanEddyNjoroge
(secondright)afterthefirm wasrankedinposition13duringtheKenyaTop100
Mid-SizedCompanies2015Survey.
INDUSTRY INSURANCE
14 WAUMINI
INSURANCE
BROKERS LTD
W
hat started out as an
insurance agency af-
filiated to the Catholic
Churchanditsrelatedinstitutions
hasgrownintoanawardwinning
enterprise in the financial servic-
esindustry,asWauminiInsurance
BrokersLimitedemergedthebest
in the Financial Services category
during the 2015 top 100
survey of the fastest
growing mid-sized
companies in the
country.
“As a team we
felthumbledbythe
recognition, which
wasasresultofrigour-
ous research. The award
has injected fresh motivation
and will go a long way in helping
ourportfoliogrow,”saidthemanag-
ingdirector,NancyMuriuki.
Thisyear,theinsurancebroker-
agesecuredposition14,upfrompo-
sition59,in2014,followingtheTop
100survey,whichisrunbythe Na-
tionMediaGroup’sBusinessDaily
andauditfirmKPMG.Thisisanin-
dicationofgrowthandthegrowing
confidencepeoplehavetowardsits
products,saidMuiruki.
WauminiInsuranceBrokerage
Ltdhasnowbeenlistedforsixyears
runningasoneoftheTop100mid-
sized companies in Kenya. Other
recognitions include the special
commendation award in leader-
ship and management from the
Association of Insurance Brokers
ofinFebruary2010andthecoveted
awardforexcellenceintrainingand
professionalismandprofessional-
ismdevelopmentfromthesameas-
sociation,AIBK,inMarch2012.
Wauminihasinsuredmorethan
10,000organisationsinKenyaand
offersabroadrangeofservicesin-
cludinginsurancebrokerage,gen-
eralinsurance,motorvehicleinsur-
ance,pensionschemeadministra-
tion,grouplifeassurance,
riskmanagementand
medicalinsurance.
It was incor-
porated to fill the
insurance needs
of the Catholic
Church and its re-
lated institutions in
1997. However, it has
grownitsmarkettoinclude
non-Catholicsandwasupgradedto
an insurance broker in 2005. The
company started with an annual
premium of Sh 2m and only three
employeesin1997,buttodayit’s22
permanentstaffhandleSh500min
premiums.
Muriuki said that one of the
biggest challenges has been the
competition for talent, and the
growing numbers of companies
intheinsuranceindustry.
“One of our biggest challenge
inthisindustryisthecompetition
fortalent.Inthepreviousyear,we
trained seven people, and four of
themweretakenupbyotherinsur-
ancecompanies.”
“There is still a slow uptake
of insurance products in Kenya,
whichhasalsoaffectedthegrowth
ofmanyinsurancefirms,aswellas
stiffcompletionfromotherfinan-
cialinstitutions,suchasbanks,that
previouslydidnotofferinsurance
services,”shesaid.
However,Waumini,whichstart-
edoffwithabranchinNairobi,has
sinceaddedanotherthreebranches
in Kisumu, Nyeri, and recently in
Nakuru.
“We have plans to be in every
part of the country and so in the
nextthreeyears,weintendtohave
openotherbranchesinMombasa,
MachakosandEldoret.Wealsoplan
toengagemoreyouthsinsellingin-
surancethuscreatingemployment
and increasing the penetration of
insurance,whichisstillextremely
lowat3percent,”shesaid.
Muriuki reiterated that Wau-
mini stands out among its peers
for its deep-rooted values of trust,
professionalism, team work, self-
lessness, integrity, innovation,
respect, loyalty, and community
citizenship.
“Being a faith-based organiza-
tion,weensurethatweupholdthe
higheststandardsofintegrityand
professionalism. We also conduct
continuouseducationtoourclients
oninsurance,”shesaid.
-AFRICANLAUGHTER
Faithanddiligenced≥ives
insu≥e≥ to Hall of Fame
OfficialsfromWauminiInsuranceBrokersarecongratulatedbyKPMGEastAfricaCEOJosphatMwaura(right)andNation
MediaGroupCEOJoeMuganda(left)after thefirmwasdeclaredindustrychampioninthefinancialservicescategory
duringtheKenyaTop100Mid-SizedCompanies2015Survey. FILE
21. XXIMonday October 26, 2015 | BUSINESS DAILY
BROLLO KENYA LTD
INDUSTRY CONSTRUCTION
Manufacturesawiderangeofvalueaddedsteel
andtubularproductsforthebuildingandcon-
struction,manufacturing,automotiveandpack-
agingindustries.
CANON CHEMICALS LIMITED
INDUSTRY MANUFACTURING
Developsaportfolioofqualitybrandswhichare
partofaneverydayaffordablelife:homecare
(PetroleumJelly,Lotions)Ithas aproudheritage
passionatelycommittedtoempowerandenrich
people’slivesinAfricabydevelopingaportfolio
ofqualitybrandswhicharepartofaneveryday
affordablelife.
KENYA BUILDERS & CONCRETE CO
LTD
INDUSTRY CONSTRUCTION
ManufacturersofAggregatesandPrecastCon-
creteProducts
ELDOHOSP PHARMACEUTICALS
LTD
INDUSTRY
PHARMACEUTICALS
DistributorsofbrandslikeGlaxoSmithkline,
Novartis,Sanofi,BayerE.ALimitedandPfizer
amongstothers.
MaindistributorsforTorrentandMicrolabs.
ImportersofSurgicalsandalliedproducts.
CLUB101
AKenyaBuildersandConcreteCompany Limitedofficial iscongratulated byKPMGEastAfrica
CEOJosphatMwaura(left)andDiamondTrust BankCEONasimDevjiafterthecompanygraduated
toClub101duringtheKenyaTop100Mid-SizedCompanies2015Survey.
MEGA PACK K LTD
INDUSTRY MANUFACTURING
SIGMA SUPPLIES LTD
INDUSTRY MANUFACTURING
Oneofthecountry’slargestfullyintegratedpoul-
trycompany.
Mainproductsincludedressedchicken,cutups,
dayoldchicks(broilersandlayers),tableeggs,
hatchingeggs,poultryequipmentandanimal
feed.
TRUFOODS LIMITED
INDUSTRY MANUFACTURING
Oneoftheeadingproducersofhealthy,conven-
ientfoodsforeveryeatingoccasion-Zesta,Ke-
nylon.Homeiswhere“true”foodis.TruFoods
ispassionateaboutservingupgoodfood.They
understandthepoweroffoodtoconnectpeople,
uniteculturesandenrichdailylife.
VEHICLE AND EQUIPMENT LEASING
LTD
INDUSTRY
LEASING
VehicleandequipmentLeasingLimited(VAELL)isthe
leadingindependentassetleasingcompanyinEastern
andCentralAfrica.VAELLhaveestablishedthemselves
astheforemostexpertsinassetand plantleasing
acquisitionandmaintenanceprovidingservicesinan
arrayofsectorsacrosstheeconomy.VAELLhavebe-
comealeadingproviderofassetleasingacquisition
solutionstogovernmentsintheregion.
HEAD OFFICE:
Astral Plaza, Old Mombasa Road, Kyangombe
P.o Box 7335-00300 Nairobi, Kenya
Tel:020-2081501,Email info@tridentplumbers.com
Website:www.tridentplumbers.com
• Plumbing & Drainage
• Sanitaryware Installations
• FireFighting Services
• Automatic Irrigation
Systems
• Air Conditioning and
Ventillation Systems
• Compressed Air systems
• Boiller Installations
• LPG Gas and Petroleum
Service Systems
• Health Club Services
• Solar Water Heating
Systems
• Water Storage Facilities
• Water Distribution
OUR EXPERTISE
22. XXII BUSINESS DAILY| Monday October 26, 2015
INDUSTRY TRAVEL
15 PINNACLE (K)
TRAVELS & SAFARIS
LTD
INDUSTRY MANUFACTURING
16 TROPIKAL BRANDS
A LTD
Manufacturer of household,
personal care, food and baby
products and distributor of top
quality multinational brands.
INDUSTRY PETROLEUM
17 RUSHAB
PETROLEUM LTD
18 ALLWIN PACKAGING
INTL. LTD
INDUSTRY INSURANCE
19 D&G INSURANCE
BROKERS LTD
20 SHEFFIELD STEEL
SYSTEMS LIMITED
INDUSTRY MANUFACTURING
21 COAST INDUSTRIAL
& SAFETY SUPPLIES
LIMITED
INDUSTRY MANUFACTURING
22 NOVEL
TECHNOLOGIES EA
LTD
INDUSTRY
ICT
23 POWERPOINT
SYSTEMS EA LTD
INDUSTRY ENERGY
24 MACHINES
TECHNOLOGIES
(2006) LTD
INDUSTRY MANUFACTURING
INDUSTRY
SUPPLIES
18 ALLWIN
PACKAGING
INTL. LTD
G
reat customer service: this
is the secret of success, ac-
cordingtoAllwinPackaging
InternationalLtd,whichinjustover
10yearshasgrownfromavirtually
unknown company to become a
leadingsupplierofpack-
agingmachineswith
a monthly turno-
ver of Sh30m-
Sh40million.
AllwinPack-
aging Interna-
tional Ltd, which
suppliespackaging
machines&materials,
coding and water purifica-
tion machines to manufacturing
industries, started as a humble
business in 2004 to cater for a gap
inthemarket.
“With a capital of Sh650,000, I
startedthebusinessin2004topro-
videaffordablepackagingsolutions
formanufacturingindustries,”said
Saji Kuria Khose, Managing Direc-
torofAllwinPackagingInternational
Ltd.“Packagingisverysensitiveand
peopleexpectveryhighquality.Wedo
notjustsupplypackagingmachines
toindustries,butalsomakeaneffort
tofollowupiftheclientisexperienc-
ing any problems. There are times
when we have sent engineers to go
toindustriesatnighttofixmachines
just so that the packaged products
comeoutwell,”saidKhose.
It is not only Allwin’s great cus-
tomerservicethatKhosetakespride
in, but also that the company has
grownwithoutanybankloans.
“I have never taken any bank
loans or overdrafts to in order to
grow, because financing in this
country is very expensive. I have,
instead, chosen to grow in a slow
and steady manner by re-investing
backintothecompany,”saidKhose.
This slow and steady growth
hasseenthecompanynow
achieve 38 employees
and supply over 250
different packaging
machines to various
manufacturing indus-
tries,includingthosein
tea,sugar,cosmetics,and
agro-chemicals.
Allwin’sgrowthalsosawthem
recentlyacquiretherightstobethe
sole distributer of global leading
packagingcompany,Ishida.
“Aroundtwomonthsweago,we
were given the go ahead to be the
onlydistributerofIshida,whichisa
JapanesecompanyinEastandCen-
tralAfrica,”saidKhose.
Passionate about seeing other
start-ups grow, Allwin has kept its
affordablepackagingmachines,de-
spiteacquiringmoreexpensiveones
over the past decade. It is also this
passion that saw Khose help a stu-
dentsetupastart-up,somethinghe
termsashisgreatestachievement.
“Auniversitystudentoncecame
tomesayingthathewantedtostart
supplyingpackagingmachineswith
justastartingcapitalofSh10,000.He
boughtamachineworthSh6,000,af-
terwhichhecamebackforanother
similarmachineafewmonthslater.
Twoyearsdowntheline,thisstudent
camebacktomeandboughtama-
chineworthSh2m,”saidKhose.
Three years ago’ Allwin Packag-
ingInternationalLtdwasamongthe
Business Daily Top 100 Companies
andithasappearedinthelistthree
times consecutively, another feath-
erKhoseisproudtoaddtohiscap.
“Ever since we were selected three
years ago, people started taking us
moreseriously,whichhasdonegreat
forthebusiness,”saidKhose.
The journey to the top has not
been smooth sailing and Khose
terms unfair competition as a ma-
jor impediment. “There are people
who use illegal routes of importing
thesemachinesandthereforedonot
paytaxes.Thisaffectsusbecausethey
endupsellingthemachinescheaply
whichishardtocompetewith,”said
Khose.Healsoattributesthegrow-
ing traffic congestion as another
challengetothebusiness.“Inthe10
yearswehavebeeninthebusiness,
ourproductivityhasbeenreducedby
10-20percentbecauseofthetraffic
jams,”saidKhose.
Buttosucceed,saidKhose,“one
should know their product”, a plat-
formfromwhichAllwin,itself,now
hopestoexpandacrossAfrica.
Packagingfi≥mth≥iveson
excellentcustome≥se≥vice
AllwinPackagingLimited officials receivetheirtrophyfromNationMediaGroupCEOJoe Muganda(centre)afterthe
firmwasdeclaredindustrychampion intheretailcategory. Lookingon is KPMG EastAfricaCEOJosphat Mwaura.
D&G InsuranceBrokersLimited officialsposewiththeirtrophyafterthefirmwas
ranked 19th inthesurvey.
D&GINSURANCEBROKERSLIMITED
23. XXIIIMonday October 26, 2015 | BUSINESS DAILY
25 LOGISTIC
SOLUTIONS LTD
INDUSTRY
LOGISTICS
L
ogistic Solutions Limited is
Mombasa based company that
was founded in 2009 to handle
emptycontainersonbehalfofshipping
lines. The empty containers are ship-
pingboxesthatcanbestuffedwithvari-
ouscontents.
“Last year, Kenya Ports Authority
handledoverone millioncontainers.It
isonlynaturalthatforeverycontainer
that comes to Kenya or the region as
importsmustleaveasloadedorempty
export,” saidAbdikhaniAbbas,thechief
executiveofLogisticSolutions.
The company, which is renowned
for its vast experience in the logistic
service provision industry, credits its
success to its high level of service and
efficiency, which has been influenced
by the huge investment the company
hasmadeinbuyingequipment,suchas
anemptycontainerambulance,reach
stalker, and folk lifts, which make its
workeasierandfaster.
Logistic Solutions had its first list-
ingontheTop100companiesthisyear,
taking position 25. In addition, it has
received awards from WEMA for best
incustomerfocus;theKenyaNational
Chamber of Commerce and Industry
(KNCC)for employer;andKenyaPorts
AuthorityAwards,forefficientdepot.
The company’s success has been
fueled by a strong team whose collec-
tiveexperiencesspantheinlandtrans-
portationbusiness,runninganempty
containerdepot,andtheCFSoperations
todevelopaflexiblefacilitythatcorre-
lates with today’s dynamic container
repositioningdemands.
“Wehaveimplementedanin-house
IT system, which we use to track the
containers, and we have linked this
system to the shipping lines and Ken-
yaPortsAuthority,makingoperations
smooth,”saidMrAbass
Efficiency has also been increased
byone-on-onerelationshipswithcus-
tomers, an open door policy, and the
24 hour, seven days a week operating
system.
The company’s continued invest-
ment in modern fleet facilities and
commitment to deliver goods safely
and on time, whatever the circum-
stances, has ensured the individual
needsofcustomersaremet.
The company has also had its fair
share of ups and downs, with the big-
gestchallengebeingfinances.Inorder
to have competent manpower and re-
sourcesthecompanyhashadtodoalot
ofstafftrainingandresourcemobiliza-
tion,whicharebothexpensiveexercises
toundertake.
Poorinfrastructurehasalsoposeda
challenge,withpoorroadscontributing
to high wear and tear to the contain-
ers, leading to an increase in mainte-
nancecosts.
Traffic snarl ups have also caused
delaysincontainerrepatriation,which
affects vessel loading. The other chal-
lenge has been system breakdowns
at Kenya Ports Authority and Kenya
Revenue Authority. But despite the
challenges, the company has grown
and has discovered new avenues for
earningfurtherrevenues.Newservices
ithasaddedincluderepairingcontain-
ers,andchemicalcleaningofcontain-
ers,whichhasenabledittopreparethe
containersforexport.
Butthecompanyisnotimmuneto
globaltrends.“Sincethedollarhasin-
creased, we have noted a drop in con-
tainer imports into the country. This
will, in return, effect the volumes of
empty containers that we will han-
dle,”saidMr.Abass.
But the great motivation the com-
panyhasisthecreationofemployment
opportunities,withnow160employees,
whichisanachievementitisveryproud
of.Asthecompanycontinuesgrowing
by expanding its range of services, it
anticipatesmorejobopportunitiesstill
fortheyouth.Ithasalsosecuredakey
contractwithoneoftheworld’smajor
shippinglines.
Beyond the normal operations of
the company, it holds an a 10-day eye
clinic project every year with doctors
fromGermany,whocomeintodoeye
tests and surgeries where necessary.
The project targets 3,000 people a
year and is conducted in the remote
villagesinKenya.
Logistic Solutions is also looking
into expanding into Uganda and Tan-
zaniawithinthenext10years.
-AFRICANLAUGHTER
LogisticsSolutionsLimitedofficialsposewiththeirtrophyafterthefirmwasranked
25thduringtheKenyaTop100Mid-SizedCompanies2015Survey.
Containe≥ fi≥m
usestechnologyto
boost efficiency
24. XXIV BUSINESS DAILY| Monday October 26, 2015
34
KISIMA
ELECTRO
MECHANICALS
LTD
INDUSTRY MANUFACTURING
K
isimaElectroMechani-
cals(KEML)wasfound-
ed in 2010 to test bore
hole pumping efficiency and
achieve optimal water yields,
across now 350 sites in Nairo-
bi, Nakuru, Thika, Machakos,
Kitale, Narok, Naivasha, Na-
mangaandKajiado.
Byblendinginnovationand
technology,KEMLhasprovided
low and middle income com-
munities with practi-
calwatersolutions,
witheachproject
uniquely ca-
teredfor.
Its achieve-
mentshaverun
hand in hand
with remarkable
growth. By 2011, the
company was adding its
secondtestpumpingmachine,
andathirdoneby2012,asitalso
moved into bore hole mainte-
nance & rehabilitation work,
thesupplyofpumpsandUPVC
pipes, construction of water
storagesystems,andwaterdis-
tribution.
“Sincerity and transpar-
ency have been the building
blocks of this company,” said
Yashwanth Kumar Shetty, Di-
rector of KEML, who looks af-
terthecompany’soperationona
daytodaybasis.Heisafamiliar
faceatthesiteworkshopalong
MombasaRoad,providingguid-
ancetohisteam.Inthemidstof
a fully set up workshop, small
meetings are carried out, and
theday’splansfordealingwith
clientsaregonethrough.
KEMLcurrentlyhas28staff,
18ofthemdealingdirectlywith
drilling related activities. “My
technical team, and the high
quality of service that we pro-
vide has helped us grow as a
company,”saidYashwanth.
KEM provides the major-
ity of its drilling solutions for
property developers, as well as
for NGOs, such as the Interna-
tional Union for Conservation
of Nature (IUCN), which has
had pumps installed in the
KarenareaofNairobi.
Compassion Inter-
national Kenya
has had similar
servicesprovid-
ed in the Meru
region. “We do
not carry out
much advertising
to target our clients,”
said Yashwanth, “word of
mouthhashelpedus.”
Butthesectoriscompetitive,
meaningKEMLhashadtokeep
abreastofwhatcompetitorsare
offering. It constantly surveys
for innovation and ways of
sourcing in the local and inter-
nationalmarket.“Ouraimisto
supplythebestproductstothe
market,withanemphasisonbe-
ing energy efficient.” The com-
panyalwaysselectsandinstalls
therightsizeofenergyefficient
pump and motor to match the
clientneeds.
As new technology comes
in and trends change the mar-
ket, KEML also trains its staff,
giving them the relevant skills
to adapt to the evolving work
environment. Staff are also en-
couragedtobeprofessional,and
to follow all safety procedures
whenatwork.
Clients are not left out ei-
ther.“Weensureallsafetycom-
ponents to safeguard the cus-
tomer pumping system,” said
Yashwanth.
Client communication has
beengivenahighprioritylevel
bythecompany.“Anyproblems
weencounterduringdrillingare
openly discussed with clients.
Any amount of progress is de-
tailedtotheclientsaswell.”This
openspositivecommunication
channelsensuringclientsareal-
ways up to speed with drilling
projects across Kenya. Clients
are also able to contact KEML
via phone or email, and site
visits are also provided when
necessary.
“Whenever there is a prob-
lem identified by a client, my
teamknowstoalwaysrespond
as soon as possible.” Over the
years,KEMLhavealsolearned
tonegotiatewithclientsandlis-
tentotheirspecificneeds.
With regards to the impact
ofbeinglisted34thinthecom-
panyrankings,Yashwanthsaid:
“I’m very thankful for the rec-
ognition.Infact,ithasplayeda
major part in encouraging our
employees,whoarenowhighly
motivatedafterseeingthecom-
pany’sranking.”KEMLintends
tobethebestandmosteffective
watermanagementcompanyin
KenyaandeasternAfrica.
26 HAJAR SERVICES LTD
INDUSTRY CONSTRUCTION
27 SUPREME PHARMACY
LIMITED
INDUSTY PHARAMACEUTICALS
28 NORTH STAR COOLING
SYSTEMS LTD
INDUSTY ENERGY
Northstarcoolingsystemsisarenownednamefor
theirdesign,installation,repair,maintenanceand
optimizationofmissioncriticalrefrigerationand
HVACsystems.
The companyhashandledvariousprojectsofdiffer-
entsizesanddifferentsectorslikehealthcare,enter-
tainment,government andmayothers
29 UNITED EAST AFRICA
WAREHOUSES LTD
INDUSTRY
LOGISTICS
United(E.A)WarehousesLtdisoneoftheleading
providersofintegratedlogisticssolutionstotheTea,
GeneralandBulkCargoIndustry.Thecompanyisa
100percentKenyanprivatelyownedlimitedcom-
panythatwasfoundedin1999byJustinJ.Ogwapit.
TheUnited(E.A.)WarehousesLtdteamismadeup
ofseasonedprofessionalswhoprovidequalityserv-
icesinImport,Export,TransitCargoDocumenta-
tion,CustomClearance,WarehousingandQuayside
BaggingFreightatourcentresinMombasa,Nairobi,
MalabaandKampala.
Ourpurposebuilt-godownsareconvenientlylocat-
edatourheadofficeinShimanzi,lessthan1kmfrom
thePortofMombasaandspanover150,000sqft.
Thegodownsfeaturefeaturingcustombuiltload-
ingbays,modernconveyorbelts,railwaysidingand
stateoftheartsecurity.
Wehaveafullyfittedmodernteatastingroomand
abuyingdepartmentthatcatersauctionpurchase,
blendingandpackagingofblackCTCteaasperthe
requirementsofallmajormarketsincludingPaki-
stan,SudanandEgypt.
Ourclearing&forwardingarmisfullyconversant
withtheproceduresinvolvedintheimportandex-
portofalltypesoflocalandtransitmerchandiseand
offersarangeofservicesincluding:
•CustomsBrokerage
•FreightProcedures
•On-sitesupervisionofallPortOperations
•BorderPointUnitsatMalabaandLungaLungato
trackallincomingandoutgoingcargo.
• ContinuousCargomonitoringandissuanceofcli-
entadvisories
• SightingandCross-Stuffingofcontainers
• ClearingofPersonalEffects,BulkandContainer-
isedCargo
30 JO WORLD AGENCIES
LIMITED
INDUSTRY ICT
JoWorldAgenciesLtd,alocallyincorporatedcom-
pany,isanInformationSystemsSolutionsand
Supportprovider.Despitehavingreasonableand
reputableclientbase,wehavemanagedtokeepour
servicesatbothapersonallevel,andcorporatelevel
throughtheyears.Wehaveoverthepastdecade
grownbyleapsandboundsandarenowoneofthe
mostefficientandrespectedprovidersinusersup-
portinInformationandCommunicationTechnology.
31 RAVENZO TRADING
LIMITED
INDUSTRY TECHNOLOGY
32 GENERAL CARGO
SERVICES LTD
INDUSTRY TRANSPORT &
LOGISTICS
33 MPPS (1998) LTD
INDUSTRY SUPPLIES
35 BTB INSURANCE
BROKERS LTD
INDUSTRY
INSURANCE
36 SPECIALIZED
ALUMINIUM
RENOVATORS LTD
INDUSTRY
MANUFACTURING
SpecialisedAluminumRenovatorsLimited(SARL)is
aNairobi-basedcompanyestablishedin1992thatis
recognisedacrossEastAfricaasgeneralcontractors
ofhighlyprofessionalservicewhichincludesinte-
riorfitouts,aluminumandupvcfabrications,glass
works,suspendedceilings,joineryworks,architec-
turalstainlesssteelproducts,paintworks,etc.Our
specialtiesserveacross-sectionofthemarket-do-
mestic,commercialandcontractcustomers.
D≥illingcompanyblends
innovation, technology
OfficialsandstafffromKisimaElectroMechanicalsLimitedposewiththeirtrophyafterthecompanywas
declaredindustrychampionintheInfrastructureandConstructiontcategoryduringtheKenyaTop100
Mid-SizedCompanies2015Survey.