@StandardMedia

Local entrepreneurs get Sh138m worth of business deals in KCB Lions’ Den Season Two

12 months ago, 13 Jan 00:15

By: James Wanzala

A total of 29 entrepreneurs managed to strike business deals during the KCB Lions’ Den Season Two. The show, which was sponsored by KCB Bank Kenya, saw at least 63 budding entrepreneurs pitch their ideas and negotiate for capital in exchange for a stake in their business. During the 13 episodes, Sh138 million was pledged by the investors, the Lions, with the highest entrepreneur receiving Sh40 million. “We believe that supporting young entrepreneurs is the best bet in securing a sustainable economic future for the country. These small enterprises are the conglomerates of the future,” said KCB Director of Marketing and Communications Angela Mwirigi. The show is expected to go into third season this year. KCB had partnered with the Standard Group for the show, whose main aim is to connect entrepreneurs with successful venture capitalists, who have already cut their teeth in the business world. The entrepreneurs are able to get financial, social and intellectual capital for their new and innovative businesses. The Lions are renowned Kenyan business gurus who are part of the panel and evaluate the ideas before making the decision to invest. The venture capitalists were Homeboyz Entertainment CEO Myke Rabar; Group CEO and Director of Chandaria Industries, Darshan Chandaria; Founder and Publisher of Couture Magazine Africa, Olive Gachara; Blackrock Entertainment CEO Kris Senanu and Co-Founder and MD of Vivo Activewear, Wandia Gichuru. KCB Lions’ Den TV show is part of the KCB Group 2Jiajiri programme expected to benefit at least 500,000 youth in 5 years.
Read More


Category: business news

Suggested

14 hours ago, 07:51
@BusinessDaily - By: Patrick Alushula
Marginalised counties demand Sh28.3bn from Treasury

Kenya’s poorest counties have teamed up to demand the release of Sh28.3 billion that the National Treasury has withheld over the years ...

Category: business corporate news
14 hours ago, 07:43
@BusinessDaily - By: Patrick Alushula
Lobby reads mischief in accountants transfers

ICPAK accuses govt of witch-hunt saying procurement and accounting officers have been denied access to their previous duties ...

Category: business news
23 hours ago, 22:19
@DailyNation - By: Peter Changtoek
Summer flowers for small farmer

Thomas Sang grows flowers that he sells to a firm that exports them earning a tidy sum ...

Category: business news
23 hours ago, 22:19
@DailyNation - By: Isaiah Esipisu
Only smart farming will overcome climate change: Experts

Scientists note that the use of technologies and innovations like solar irrigation, digital agriculture, climate-smart agriculture and climate-smart breeding, is the only way to tackle the negative ...

Category: business news
22 hours ago, 23:14
@TheStar - By: Abel Muhatia @muh ...
Kerosene and petrol prices slashed before Christmas

Poor households that largely depend on Kerosene for lighting and cooking will enjoy the fuel at a cheaper rate for the next one month following ERCs latest review.According to the review, the cost of ...

Category: topnews news business
23 hours ago, 22:34
@TheStar - By: Andrea Bohnstedt
Financing through CSR

A few days ago, president Uhuru Kenyatta said that he would require banks to emulate KCB Group’s corporate social responsibility (CSR) programme and set aside funds for youth empowerment programmes. K ...

Category: topnews news business

@StandardMedia

Local entrepreneurs get Sh138m worth of business deals in KCB Lions’ Den Season Two

12 months ago, 13 Jan 00:15

By: James Wanzala
A total of 29 entrepreneurs managed to strike business deals during the KCB Lions’ Den Season Two. The show, which was sponsored by KCB Bank Kenya, saw at least 63 budding entrepreneurs pitch their ideas and negotiate for capital in exchange for a stake in their business. During the 13 episodes, Sh138 million was pledged by the investors, the Lions, with the highest entrepreneur receiving Sh40 million. “We believe that supporting young entrepreneurs is the best bet in securing a sustainable economic future for the country. These small enterprises are the conglomerates of the future,” said KCB Director of Marketing and Communications Angela Mwirigi. The show is expected to go into third season this year. KCB had partnered with the Standard Group for the show, whose main aim is to connect entrepreneurs with successful venture capitalists, who have already cut their teeth in the business world. The entrepreneurs are able to get financial, social and intellectual capital for their new and innovative businesses. The Lions are renowned Kenyan business gurus who are part of the panel and evaluate the ideas before making the decision to invest. The venture capitalists were Homeboyz Entertainment CEO Myke Rabar; Group CEO and Director of Chandaria Industries, Darshan Chandaria; Founder and Publisher of Couture Magazine Africa, Olive Gachara; Blackrock Entertainment CEO Kris Senanu and Co-Founder and MD of Vivo Activewear, Wandia Gichuru. KCB Lions’ Den TV show is part of the KCB Group 2Jiajiri programme expected to benefit at least 500,000 youth in 5 years.
Read More

Category: business news

Suggested

14 hours ago, 07:51
@BusinessDaily - By: Patrick Alushula
Marginalised counties demand Sh28.3bn from Treasury

Kenya’s poorest counties have teamed up to demand the release of Sh28.3 billion that the National Treasury has withheld over the years ...

Category: business corporate news
14 hours ago, 07:43
@BusinessDaily - By: Patrick Alushula
Lobby reads mischief in accountants transfers

ICPAK accuses govt of witch-hunt saying procurement and accounting officers have been denied access to their previous duties ...

Category: business news
23 hours ago, 22:19
@DailyNation - By: Peter Changtoek
Summer flowers for small farmer

Thomas Sang grows flowers that he sells to a firm that exports them earning a tidy sum ...

Category: business news
23 hours ago, 22:19
@DailyNation - By: Isaiah Esipisu
Only smart farming will overcome climate change: Experts

Scientists note that the use of technologies and innovations like solar irrigation, digital agriculture, climate-smart agriculture and climate-smart breeding, is the only way to tackle the negative ...

Category: business news
22 hours ago, 23:14
@TheStar - By: Abel Muhatia @muh ...
Kerosene and petrol prices slashed before Christmas

Poor households that largely depend on Kerosene for lighting and cooking will enjoy the fuel at a cheaper rate for the next one month following ERCs latest review.According to the review, the cost of ...

Category: topnews news business
23 hours ago, 22:34
@TheStar - By: Andrea Bohnstedt
Financing through CSR

A few days ago, president Uhuru Kenyatta said that he would require banks to emulate KCB Group’s corporate social responsibility (CSR) programme and set aside funds for youth empowerment programmes. K ...

Category: topnews news business
Our App