In a key partnership where East meets West at the Owner Management Program, SBS hosted entrepreneurs from Lagos Business School in an effort to foster educational partnership through networking and learning.
The class participants consisted of entrepreneurs fromStrathmore Business School and Lagos Business School. Both groups were vibrant, responsive and ready to learn on how to grow their businesses while at the same time interacting with people from different cultures, industries and markets.
The main focus was the Kenyan economy that got a glimpse through the words of Julius Kipngetich the new COO of Equity Bank and Mike Macharia, CEO of Seven Seas Technologies. Dr. Kipngetich discussed the growth of Equity Bank and how important it is for the bank to also give back to the community. One of the initiatives to give back is the Wings to Fly Program whereby Equity sponsors pupils chosen by the community to attend secondary school. He says that serving the poor is a very profitable business but they soften the blow by educating their children.
He talked of Equity aiming to be a Financial Supermarket where everybody can get the financial services they require from Equity no matter their social class or net value. He explained how Equity mitigates and counters the problems it faces.
He culminated his presentation by saying that Africa had abundant resources that need and ought to be utilized in order to conquer the world. Africa needs a strategy for Africa by Africans.
Mr. Macharia reiterated what Mr. Kipngetich shared and in addition, provided in depth insight on what he has faced through developing and growing his business. He shared with the class based on his own experiences and this made the session more rewarding because his lessons and experiences while may not have exuded classroom learning, were beneficial and applicable to both sets of participants.
What stood out from both speakers is that people, networking, innovation, ambition and a good strategy/business model are essential to the growth of the business.
One of the endeavours of SBS is to take the responsibility in influencing the leadership of private and public partnerships in the continent.
Such a forum shows the steps that SBS is taking towards achieving one of its endeavors. Entrepreneurship contributes to a significant portion of the African regions economy. Harnessing this talent and key economic driver through a meeting of likeminded people proved a very enriching experience.