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FORBES AFRICA

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JUNE 2018

4th Annual
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90 YOUNG ENTREPRENEURS ACROSS THREE SECCTORS


ORLD
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AN COMPANY
South Africa ZAR 50.00 (incl VAT) | Nigeria NGN 1,200 | Ghana GHC 15 | Kenya KES 510 | Tanzania TZS 9,300 | Uganda UGX 15,100
Zimbabwe USD 4.50 | Mauritius MUR 130 | Botswana BWP 40 | Namibia NAD 50 | Mozambique 270 0 Mts | Rwanda RWF 3,600
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FORBES AFRICA

www.forbesafrica.com

JUNE 2018

4th Annual
WWW.FORBESAFRICA.COM / JUNE 2018

90 YOUNG ENTREPRENEURS ACROSS THREE SECCTORS


ORLD
WITH THE FIRE AND FURY TO CHANGE THE WO

AN COMPANY
South Africa ZAR 50.00 (incl VAT) | Nigeria NGN 1,200 | Ghana GHC 15 | Kenya KES 510 | Tanzania TZS
T 9,300 | Uganda UGX 15,100
Zimbabwe USD 4.50 | Mauritius MUR 130 | Botswana BWP 40 | Namibia NAD 50 | Mozambique 270 0 Mts | Rwanda RWF 3,600
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FORBES AFRICA

CONTENTS – JUNE 2018 VOLUME 8 NUMBER 5

48
6 | Editor’s Note // Methil Renuka
10 | Brief 360

FOCUS
| ‘THE DAVOS OF AFRICA
48 The inaugural Africa Investment Forum in
November in Gauteng aims to accelerate
Africa’s development and close the annual
$67 billion to $107 billion investment deicit.
BY KAREN MWENDERA AND METHIL RENUKA

| SOWETO BURNING
52
66 On June 16, it’ll be 42 years since South African
policemen gunned down scores of schoolchildren
in the ‘Soweto Uprising’. It was a day that shocked
the world and will be forever seared into the mind of
83-year-old journalist Enoch Gama.
BY CHRIS BISHOP

INTERVIEW
| ‘WOMEN’S LEADERSHIP IS UNDER
56 ATTACK GLOBALLY’
We caught up with former Malawian President
Joyce Banda in Johannesburg just before her return
to Malawi after four years away. One of four female
presidents Africa has had, she spoke about her
plans but is guarded about her return to politics.

ENTREPRENEURS
| GETTING THE WORLD MOOVN
66 Tanzanian-born Godwin Gabriel has a non-tech
background but is challenging the Ubers of the
world with a ride-sharing app of his own.
BY PEACE HYDE

| A FORTUNE IN THEIR BACKYARDS


74 The two 21-year-olds dove into business after high
school in Zimbabwe, turning bananas into a low-
cost alternative to wheat flour.
BY KAREN MWENDERA

Cover image by Motlabana Monnakgotla

2 | FORBES AFRICA JUNE 2018


FORBES AFRICA

CONTENTS – JUNE 2018 VOLUME 8 NUMBER 5

Pg14
COVER STORY
UNDER 30
BY ANCILLAR MANGENA

TRAVEL
| STEPHEN SAAD’S
80 VENEZUELA
The South Africa-based
Chief Executive of Aspen
Group describes his
business trip to Caracas
in Venezuela as going to
a war zone. Yet, it’s one
of his most vivid travel
memories.
BY SAMANTHA STEELE

SPORT
| MORE OLYMPIANS
92 IN SOUTH AFRICAN
Photo by Motlabana Monnakgotla

POOLS
South African swimming
sensation Chad le Clos
still has plenty he wants
to achieve in the pool, but
tells FORBES AFRICA he
has also recently embarked
on a project he hopes will
create a new generation of
Olympic gold medallists.
BY NICK SAID
FORBES AFRICA

CONTENTS – JUNE 2018 VOLUME 8 NUMBER 5

Pg70
CONTENTS – JUNE 2018

YOUR WHISKEY CAN


TAKE YOU FAR
Whiskey aficionado Saverio Cardillo
on South Africa’s top tipple, and
why it may be wise to invest in a
few bottles.
BY MELITTA NGALONKULU

Now you can enjoy reading FORBES AFRICA at:

ACCRA

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4 | FORBES AFRICA JUNE 2018


FORBES AFRICA

EDITOR’S NOTE

THE INSTAKIDS
ON THE BLOCK
‘I
f you can’t I believe the list is but a subset of the greater population
beat ’em, join of bright young entrepreneurs shaking up industries across
’em,” I surrep- Africa. For each person on the list, there may be multiple
titiously tell others operating in the same sectors that we have not heard
myself every morning, of – as yet.
walking into work, and But that is why we need to make a start, as those stories will
greeting the talented young unravel too, and we will continue writing about young talent,
team of African journalists detailing their trajectories, their individual tales of resilience cre-
and designers at FORBES ating businesses and jobs for other young people; for over 40% of
AFRICA, all of who are Africa’s working age population is between the ages of 15 and 24.
under 30. The ‘youth dividend’ and the ‘youth bulge’ may have become
More than a decade older than them, I find it a mission fashionable rhetoric at summits on business and politics, but the
keeping up with their talkathons – millennial minds run faster need is to continue to attract and nurture them.
than Intel Processors. Every day provides new insight into As the savvy African Development Bank President, Akinwumi
their plugged-in world – the latest winter parka on the market Adesina, said to us recently, every university in Africa should
that Pinterest didn’t have on this morning, who Gigi Hadid include entrepreneurship as a subject.
was out with the night before on Instagram, why Bantu Knots And thankfully, as we found, this is also a generation more so-
are the fashion craze I must try, and why they trump tradition cially-conscious: they put money and meaning on the same weigh-
and think technology will one day save the world. ing scale, believing in the dictum of doing well by doing good.
A world where apps equal aptitude, and even the fourth So as a member of Generation X, I salute the Generations
industrial revolution is passé. “Haven’t you heard, we are Y (millennials) and Z that have come after me, and can’t but
already talking the fifth industrial revolution,” they chuckle imagine what Generation Alpha (the children of the millennials)
behind my back, a curt cue to look it up, among other uber- – reportedly already a sizeable consumer market – will be like.
cool things I may have missed in my newsfeed that morning.
Yet, it is this talented, talkative cast of characters I work
with every day that I thank for every issue we put out of
FORBES AFRICA and FORBES WOMAN AFRICA. Their
tech-savviness is a prerequisite for any magazine in a new
digital world.
And this one, our June edition with the ‘Under 30s’, is spe-
cial this year as this is the first time we have tried a gatefold
Photo by Motlhabana Monnakgotla

cover.
For weeks, Africa’s brazen young achievers dominated our METHIL RENUKA, EDITOR
impromptu debates by the desk, as the team headed by Ancil-
lar Mangena pored over at least 600 profiles and pictures, letters@abn360.com
finally agreeing on the 30 in each of the three categories. www.forbesafrica.com

Views expressed by commentators in this publication are not necessarily those held by FORBES AFRICA or its members of staf. All facts printed
in FORBES AFRICA were confirmed as being correct at the time the magazine went to print.

6 | FORBES AFRICA JUNE 2018


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8 | FORBES AFRICA JUNE 2018


African Trade Policy Centre
BRIEF 360
CEOs ON THE COLD
PRISON FLOOR A ROYAL TOUR: WHEN THE
Events honoring Nelson Mandela’s centenary year PRESIDENT TURNED GUIDE
continue to unfold in South Africa, and the former
president’s birthday month in July will see a slew of American travel journalist Peter Greenberg’s film, Rwanda:
them. The Royal Tour, the fourth in his The Royal Tour series of
One of the first in the series will be on July 11, with documentaries, was released on national television in
the Nelson Mandela CEO SleepOut-Liliesleaf Edition Rwanda in April.
hosting 200 CEOs as they spend a cold winter’s night Premiering on American public broadcaster PBS, it
at the iconic Liliesleaf Farm and Museum in Rivonia, was shot during a one-week exploration of ‘the land of a
Johannesburg. An auction is expected to be held for thousand hills’ as Rwanda is known.
Mandela’s outside bedroom at Liliesleaf where he spent The hour-long film depicts the new Rwanda that rose
hours writing, reading and reflecting. from the ashes of the 1994 genocide against the Tutsi.
A week later, on his birthday, business leaders and celebs In the film, Greenberg’s tour guide is none other than
are set to spend a night on Robben Island, inside the President Paul Kagame himself, who shows him around
maximum-security prison and courtyard where Mandela some of Rwanda’s most celebrated attractions including the
spent 18 years. Cell number 7, Mandela’s home during his Akagera National Park and Volcanoes National Park.
imprisonment, is sure to be a magnet. In a break from formality for the president, together,
they go hiking, jet-skiing and cycling. One of the most
memorable scenes
in the film is when
the pair ride bicycles,
SAFETY OF MINES UNDER SCRUTINY: with a cheering crowd
of locals jostling to
‘DEATHS ALMOST EVERY WEEK’ catch a glimpse of
South Africa’s mines, already some of the deepest and most their leader. Another
expensive in the world, are under pressure to improve safety clip shows the two
following the recent death of seven miners after a seismic event, 70 playing tennis with the
kilometers west of Johannesburg. president humorously
Trade unions led by the Congress of South African Trade Unions
promising Greenberg a
(COSATU) in May picketed in Johannesburg’s central business
cow if he wins.
district at the oices of the Chamber of Mines, which represents
some of the country’s biggest mining companies including Sibanye- Greenberg’s The
Stillwater, owner of the mine where the workers died. Royal Tour series sees
This year alone, 33 miners have lost their lives underground, him journey to select
across the country. countries ofering
“The mining industry needs to prioritize this issue as many of audiences vignettes of
our own are dying almost every week,” Sdumo Dlamini, COSATU extraordinary locations,
President, told the protesting miners. historic landmarks and
The Head of Safety and Sustainable Development at the cultural experiences.
Chamber of Mines, Sizwe Phakathi, acknowledged the concerns
This is the first
raised by workers, reiterating the industry was committed to zero-
film from an African
free fatalities at mining operations throughout the country.
country for the series.

10 | FORBES AFRICA JUNE 2018


FORBES AFRICA

BRIEF 360

THE WORLD’S OLDEST MAN MAY BE


SOUTH AFRICAN
Over half of the Young Global
Fredie Blom celebrated his 114th is 112 years old.
Leaders (YGL) class of 2018 are
birthday on May 8. According to Times LIVE, Blom, a
Although it is yet to be verified by former gardener, was born in Adelaide
women, and the majority of
the Guinness World Records, Blom has in the Eastern Cape Province of South the cohort are from emerging
been reported to be the oldest man Africa, 14 years before former South economies.
alive. The person currently holding this Africa president Nelson Mandela, who
record is Japan’s Masazō Nonaka who would have turned 100 this year.

According to the Global Economic


Crime and Fraud Survey (2018)
conducted by PwC, South Africa’s
rate of reported economic crime
at 77% is higher than the global
average at 49%.

KENYA’S FORAY
INTO SPACE
A satellite built by the University of
Photos by WPA Pool via Getty Images / Bloomberg via Getty Images / Nation Media via Getty Images

Nairobi was deployed into space in


May.
The small low-orbiting satellite
was first delivered to the International
TIGER BRANDS ACCEPTS RESPONSIBILITY; Space Station in April and was
launched into space from there.
LISTERIA SCARE HITS INDUSTRY HARD Kenya is now the ninth African
South Africa’s food industry contain the fallout from the biggest nation to launch a satellite into space.
continues to reel from the listeriosis recall of cold meat products with the Funded by the Japanese government,
outbreak. number of cases reported increasing the satellite will loop the earth every
Tiger Brands, Africa’s biggest to 1‚019 since January 2017 and 90 minutes. It will provide Kenya with
food producer, accepted deaths reaching close to 200. weather, mapping, and environmental
responsibility for the cases linked to The company is concerned data for 12 to 18 months.
the ST6 strain of listeria after tests about the financial and reputational President Uhuru Kenyatta
at its Polokwane and Germiston damage as the afected factories and congratulated the University of Nairobi
factories. abattoirs have been closed for more on the milestone. “I’m encouraged by
Tiger Brands’ Enterprise Foods than a month. the venture by University of Nairobi. It
and RCL FOODS’ Rainbow were Meanwhile, Senzeni Zokwana, is an inspiration to Kenyans to study
identified as the largest sources of South Africa’s Minister of Agriculture, space science for development of our
the outbreak, with RCL accounting Forestry and Fisheries, says he is economy,” he wrote in a speech read at
for less than 10% of the cases while concerned about the outbreak and is the deployment ceremony in Japan.
Enterprise has been blamed for investigating reports that imported
about 90%. meat products may also have been a
The food sector is struggling to source of the scare.
– Inputs by Karen Mwendera, Lubabalo
Mashiqana and Steven Muvunyi

JUNE 2018 FORBES AFRICA | 11


FORBES AFRICA

ECONOMY – SOUTH AFRICA

VAT’STHE
MATTER
South Africa’s small but potent one percentage
point VAT increase – high-income households who
haven’t felt it as yet must brace themselves.
BY SAMANTHA STEELE

I
t’s a creeping, insidious, almost risk funds at BDO South Africa. The kind of increases you’ll
invisible increase, casting a net over The more insidious efect of the VAT experience will be small – the problem
every South African pocket: Value increase comes into play with compound is they’re in every transaction you make.
Added Tax (VAT) increased to 15% interest. If slivers of funds that would Here are two examples of everyday costs:
(from 14%) this year in April and is designed go towards retirement (even cents come Bond: A family that pays a bond or
to “predominantly afect higher income into play here, but a mere R100 makes a rental for R7,500 ($600) per month, will
earners”, as the Daily Maverick reported in huge diference) are redirected towards pay an additional R75 ($6). Retirement
February. daily living costs, savings or are simply annuity and pensions: The increases are
South Africans who haven’t felt it yet not put into the compounding accounts incremental on both, but the real danger
should brace themselves for a sweeping tide they would normally go to, the benefits of lies in the magic of compounded interest.
of increases that all-too-quickly add up to compound interest are lost – and that over Adds Frantzeskos: “These costs become
thousands of rands. time becomes thousands of rands. quite substantial over a period of time.”
“It will afect you everywhere,” says For example, a mere 66c loss is easily
Reana Steyn, the Ombudsman for Banking compounded into over R400 ($32).
Services. “Fretting about every single latte you
WHAT SA’S RICH WILL
Says Natalie Napier, partner at the Tax ALSO BE HIT BY: buy is the fastest way to a heart attack
Practice at Hogan Lovells: “It will afect all and a boring life,” says Beckbessinger.
services, and afects everyone where there’s đ  0+, 0%!. %*+)! 04 .0! +" ąĆŌČ “What’s really going to make a diference
a VAT charge.” "+. ,!+,(! !.*%*# +2! āċĆ is addressing the two or three biggest
VAT afects both goods and services, )%((%+* ĨĸāĂĂČąĀĀĩ line items on your budget, which
đ %)%0! +),!*/0%+* "+. ę.'!0ƫ
and it’s the services that are going to add could be your home loan repayments,
.!!,Ěċ Business Live !4,(%*/Č
the nasty and unexpected surprises to your ė.'!0 .!!, +1./ 3$!* your car, groceries, school fees or debt
overall budget. ,!./+*( %*+)! 04 0(!/ .! repayments. Ironically, research suggests
“The biggest impact on all of us will be *+0  &1/0! "+. %*ý0%+*.5 /(.5 spending on once-of experiences has
due to indirect efects. A lot of the operating %*.!/!/Č .%/%*# !û!0%2! 04 a greater impact on our happiness than
.0!/ * .! 1%*# .!( %*+)!ċ
costs for businesses will be increasing. Some spending on stuf we use every day like
*5+*! !.*%*# +2! ąĂăČĀĀĀ
commercial property rentals will be exposed ĨĸăąČĆĀĀĩ  5!. 3+1( ,5 )+.!ƫ our cars. Rather make the sacrifices on
to the VAT hike, and the costs of buying all 04Č / 0$!5 3+1( .!!%2! *+ the big things and give yourself the gift
of the goods and services businesses needs %*ý0%+*.5 .!(%!"ċĘ of much less stress in your budget every
will increase,” says Sam Beckbessinger, đ !$%(! +/0/ 3%(( %*.!/! / 3!((Ģ month.”
+*/1)!./ * !4,!0  ĆŌ ,+%*0
fintech entrepreneur and author of Manage Individually, these costs seem low,
%*.!/! 0+ ăĀŌ %* !4%/! 10%!/ +*
Your Money Like a F*cking Grownup. 2!$%(!/ċ but add them – along with the additional
The wealthiest South Africans contribute đ ćŌġāĀŌ %*.!/! +* 04!/ +* (+ġ costs to a bevy of other financial
80% to VAT, says Cindy Frantzeskos, the $+( * 0++ services–and a household can take a
MD of employee benefits, retirement and substantial hit every month.

12 | FORBES AFRICA JUNE 2018


UNDER

THE STARS OF
TOMORROW
YOU SHOULD
KNOW TODAY
Photographer: Motlabana Monnakgotla
Assistant photographer: Nathi Khumalo
Art Direction: Lucy Nkosi | Katlego Banoe
Stylist: Neo Modisakeng
Make-up artist: Elinah Mangena
Hair stylist: Okunubi Ibraheem Douglas

The 2018 FORBES AFRICA Under 30 is our authentic and most deinitive list of Africa’s most promising young
change-makers. This year is our fourth edition of the list and for the irst time, inspired by the growing number of
young men and women entrepreneurs, we have expanded it to bring you 30 game-changers, all under the age of 30,
across three sectors – business, technology and creative. The 90 in total are challenging conventions and rewriting
the rules for the next generation of entrepreneurs, creatives and tech gurus.
We put in months of rigorous research, sifting through over 600 nominations, vetting them for weeks, verifying
and investigating them. We favored entrepreneurs with fresh ideas and took into account their business size, reve-
nue, location, potential, struggles, social impact and resilience. A panel of judges then debated the inal 90. You may
not know many of their names now and they may not be richest people in Africa, but they could be the billionaires
of tomorrow gracing our future covers. This compilation is exciting, inspiring and ofers a sneak peek into Africa’s
future. Meet the class of 2018. The list is in no particular order.
EDITED BY: ANCILLAR MANGENA
DESIGNED BY: LUCY NKOSI
Under 30
BUSINESS
Yannick Nzonde, 29, DRC
1 Co-Founder: ATI Groupe

N
zonde is a brave man. Five years
ago, he founded ATI Groupe,
a construction company, with
the R6,000 ($478) he earned
from renting out his friend’s BMW that he
had borrowed for a weekend. He is also the
founder of Mulundu Investment Holdings,
which houses ATI Groupe and Chi Groupe,
a management consulting firm. Mulundu
Investment Holdings turns over a million dollars
in revenue each year for the 29-year-old.
This is a long way from where it all began
when he was only 14.
“I had bought a watch from a local market
place in DRC for $5. One of my younger brother’s
friends loved it so much he ofered to buy it from
me for $20. The next day, someone else ofered me
more for the same watch,” he says.
It marked the start of a rewarding
entrepreneurship journey. He sold everything he
could get his hands on. At 15, he relocated to South
Africa where he started buying computers, solar
lights, fat burners and pool tables and selling them
back home.
“I have always been the person to find
solutions to problems and people have always
come to me. I have always been the person to
jump on opportunities once I see a gap in the
market. I have also always wanted to leave a
legacy.”
Nzonde says he lives by the words of American
marketing specialist Guy Kawasaki: “The best
reason to start an organization is to make meaning;
to create a product or service to make the world a
better place.”
One of the many ways he is making the world
better is through providing power solutions in
rural DRC.
“We are the second company to have brought
solar energy solutions to the DRC in the Katanga
region. This changed many lives as people are
used to generators while some had never seen
electricity before,” says Nzonde.
Not bad for a man who comes from a family of
24 and walked 15km to school.
FORBES AFRICA

UNDER 30 – BUSINESS

Ladipo Lawani, 29, Nigeria


3 Founder: L&L Foods

L&L foods is a food processing and


packaging company focused on the
Nigerian market. They source agricultural
produce from local farmers and transform
them into quality snacks. Their primary
line of products is a premium brand of
nuts called Mr Ekpa. Lawani employs 12
people.

Leroy Mwasaru, 20, Kenya


2 Founder: Greenpact

This 20-year-old is making money from waste while


solving a serious problem. He is the founder of Greenpact,
a company which produces and distributes afordable and
high-quality innovative biogas digester systems to get bio-
gas from both agricultural and human refuse. His mission
is guided by the overarching vision to become the leading
provider of clean household energy solutions across East
Africa. He has won many accolades including the Innovate
Kenya challenge in 2013.

Emmanuel Ademola Ayilara, 29, Nigeria


4 Founder: LandWey Investment Limited

LandWey is a real estate development and management


company turning over $14 million per year. It started with
just five employees. Today, they employ 42 full-time staf, 370
realtors and 16,000 consultants.
Ayilara’s journey to entrepreneurship started when he was in
school. His first stint was at a coaching center in Abeokuta, Ogun
State in Nigeria. The business failed. He tried his hand again,
this time, running a vocational training program with over 3,600
students.
“Once I had a taste of success, there was no turning back.
Starting and running businesses became my turf and all I had to
do was build more capacity. I always believed opportunities would
come to those who were most prepared so I put in the hard work
even when no one noticed,” he says.

JUNE 2018 FORBES AFRICA | 17


Mwiya Musokotwane, 28, Zambia
5 Founder: Thebe Investment Management

Musokotwane knew he wanted to be an


entrepreneur at age 16 after reading US
billionaire Warren Bufet’s biography.
It inspired him to secure a degree in
finance. His first venture in business was
when he co-founded a tech startup while
pursuing his Master’s. The business failed.
At 23, he had a dream to build a mega
city. Armed with lessons from the first
business, he worked tactfully. At
24, he left his job to pursue
it. With the help of his
family, he founded Thebe
Investment Management.
The company is the
Nomvula Mhambi, 29, Zimbabwe
owner and developer
of Nkwashi, a 3,100 6 Founder: Disruptive Innovation
acre mega-project
in Lusaka, Zambia.

W
By age 25, he had hen her mother couldn’t aford to take her
generated $1 to university because of the economic and
million in cash political downturn in Zimbabwe, Mhambi
flow. He employs turned to entrepreneurship. She registered
80 people. a catering and events management company at age 19. She was
later invited to work on a concert that featured Akon and Sean
Paul. It opened doors.
A year later, she was called to assist with artiste logistics for
Abubakar Sadiq Mohammed a concert that hosted Ciara, Phat Joe, Lil’ Kim and DJ Scratch.
7 Falalu, 28, Nigeria
Founder: FaLGates
At age 22, her company was contracted by DStv Zimbabwe to
host their Big Brother events. She saw a gap in the advertising
industry and founded Disruptive Innovation, a full service media
Falalu saw an opportunity to school’s yearbook under future communications and advertising social enterprise.
make money when he realized ambition that I wanted to be a For the first two years of the business, many doors were shut
Nigeria consumes about seven farmer,” he says. in her face. When she was close to giving up, she was selected for
million metric tonnes of rice and With a total annual capacity to the Young African Leaders Initiative (YALI) where she won a
only produces 2.7 million metric produce more than 5,000 metric $25,000 grant towards her restroom advertising pilot project.
tonnes, forcing the country to tonnes, he founded FaLGates, a “I tackle urban hygiene and sanitation issues using market-
spend more than $2 billion in rice mill producing a variety of based approaches improving public amenities through social
imports. “I always rice products. They employ 30 innovation initiatives with my advertising and marketing social
had an interest people in Kaduna and over 150 enterprise,” she says.
in farming, I people at their anchored farms Mhambi has partnered with local municipalities, renovating
remember in Niger and Kebbi. They turned dilapidated public toilets, and charging people for use.
writing in over about $450,000 in 2017. This revenue is used to maintain the sites, assist schools in
our high Falalu holds a degree in need of sanitation hardware and help clients get their product to
Computer Science and a their consumers.
Master’s in Management Mhambi also runs a hair and nail lounge and is also into
from Swinburne University agriculture, growing button and oyster mushrooms, which
of Technology, Australia. He she supplies to a majority of Zimbabwe’s supermarkets and
also holds an MSc degree in restaurants producing over 1,000 punnets per week. She
Entrepreneurship from the employs 25 full-time and 12 part-time staf.
University of Nottingham.

18 | FORBES AFRICA JUNE 2018


FORBES AFRICA

UNDER 30 – BUSINESS

Roger Boniface, 29, South Africa


8 Founder: EDISIM

Boniface is the founder of EDISIM, a training provider that uses


simulation to bring real-world learning experiences to the classroom.
In less than three years, he has integrated the business simulations into
some of Africa’s top business schools. He lectures at Wits and GIBS in
South Africa and Strathmore Business School in Nairobi.
“I spend my weekends at diferent flea markets around
Johannesburg and Pretoria and there is no better way to learn about
business. My first counterfeit note experience happened at a flea
market. I got paid for something I sold with a counterfeit R100 ($8)
note,” says Boniface, also the founder of Artson, an events company
that hosts art and wine tasting experiences to explore and develop
the creativity that people often lose throughout the conveyor belt of
life. He also runs JCB, a small textile wholesaler concentrating on
the promotional market and mainly focusing on t-shirts, golf shirts
and caps. While this business has been successful for over 30 years,
Boniface has been running it since 2015. He turns over about R13
million ($1 million) a year.

Gilbert Eugene Peters, 29, Zimbabwe Sihle Ndlela, 28, South Africa
9 Founder: Spidex Media 10 Co-Founder: Majozi Bros Construction

Thisstorystartedlikeman nysuccessful and selling hot dogs on street


entrepreneurshipstories. Peters would buy and corners,” he says.
sell satellitedishestohis coommunity in Harare. The two saw a gap in the
Throughwordof mout th,this business grew until township construction
heemployedtwopeop ple.Together, they installed market.
over2,000 satellite dishes.All this before he was “We decided to become a
19years old. The demmandwaned and Peters went turnkey building contracting
into formalemploym mentas a graphic designer. business ofering services
At 21,armedwith$300, he registered from plan drawing, plan
Spidex Mediawith hthehope of addressing the submission, general
needforfasteradvvertising and design services building and renovations.
in 24 hours. So we became a one-stop
“Iwouldgo where
w I was needed to design construction business,” says
sinceIhad nooff fice, and only a laptop and Ndlela.
became
business cards.I b a CEO, finance The business grew quickly
manager,markete erand salesman,” says This construction company and their clients now range from
Peters. started from humble beginnings malls to residential estates. They
Hisgirlfriend attthetime, now his wife, and went on to become one also bought 51% of a 35-year-old
providedherentire$16 60salary from working as of the leading construction tool hire business called Hire
anice creamshop atten ndant to rent office space. companies in KwaZulu-Natal which has three branches in
Theinvestmentpaidof ff. (KZN). Ndlela co-founded the KZN. They were awarded a $105
Today,Spidex haso offices in Zimbabwe, company with Simphiwe Majozi. million project alongside WBHO
South Africa andZamb bia.It’s one of the The two met on a cold call, as a partner.
largestadvertisingcom mpanies in Zimbabwe formed a friendship and went Before joining Majozi,
withamajoritymarket t share in the financial into business together. Ndlela had been running
sector handling brand portfolios worth over “We both had a string of a successful glass and
$870million. Hehas w won12 business and businesses from primary school aluminium business.
entrepreneurshipaw ardsin Zimbabwe, a right through to high school, Together, the duo went on
businessmanof theye araward at just 25 years ranging from selling sweets, to take the construction
old, and employs 55 peeople. loan sharking, throwing parties industry by storm.

JUNE 2018 FORBES AFRICA | 19


Thomas Duncan, 28, Namibia
12 Owner: Anticor

Anticor is a water treatment and chemical specialist company


based in Windhoek specializing in products for the agricultural,
commercial, domestic and industrial markets. Duncan inherited
Anticor from his late father when he was 24 years old. The
Vere Shaba, 29, South Africa business was stagnant and loss-making. In just four years,
11 Founder: Shaba & Ramplin
Green Building Solutions
he turned it around into a profitable business. The company
employs 11 people. He also owns Analytical Laboratory
Services, Namibia’s largest privately accredited and owned

T
his 29-year-old that uses the Integrated laboratory which has three analytical sections, for water quality,
has been the one Green Design approach in microbiology and food chemistry and soil. It employs 15 people.
to watch since engineering. Now, Shaba
2010, when she & Ramplin Green Building
was a part of the winning Solutions is a multi-
team for the international disciplinary consulting firm
design competition on Peace specializing in engineering,
and Environmental Studies green buildings and interiors
by Nobel laureate Wangari services.
Maathai. Shaba was selected as one of
“In 2008, while still a 10 Top Women in Engineering Wesley Beneke, 29,
student, I did my mechanical
engineering practical training
for the annual Standard Bank
Topco Top 100 Women in
13 South Africa
Founder: WCB
at the Volkswagen South Africa Business & Government, Mail Construction
plant in Uitenhage and watched & Guardian’s 200 Young South
as the rolling blackouts and Africans for Environment,
load shedding afected their the Kingdom of Netherlands’
productivity. When the power Inspiring 50 Women in South
went of, the machines would Africa in STEM, and most
come of and thousands of recently, has been selected Beneke grew up in an entrepreneurial family. His mother
workers would sit outside in the as a finalist for the inaugural taught him that running a business was possible as she was
sun,” says Shaba. Gauteng Premier’s Women an entrepreneur herself.
She became an entrepreneur Excellence Awards for Young “I face hardships every single day as I am a black man playing
out of frustration. Achievers. in the ‘white rich man’ space. The system is built to exclude
“The frustration came “I still sit in boardrooms as us and in most cases, my firm and I are constantly found
when I kept on being put in a minority in the boardroom, to be precluded from what is so easily achievable by white
a box. Having graduated as a as the sector is still quite white monopoly. I have had various large clients not pay me and
mechanical engineer, I was male dominated, but I know in so doing, completely wipe out my cash flow. However, my
either seen as a green building that every day I am in the family and staf have stuck by me in those times and made the
consultant or a mechanical boardroom is changing mind- mountains feel like hills,” says Beneke.
engineer but never both.” sets and creating a platform He employs 40 permanent staf, has in excess of 150 contract
She resigned from her job in for the future generations,” staf and has deals worth over $12 million. He counts the
2016 and founded a company she says. Western Cape government and the South African Roads
Agency among his clients.

20 | FORBES AFRICA JUNE 2018


AdVoice BY CHIVAS REGAL

MANAGING SUCCESS EFFECTIVELY IS CRITICAL


TO SUSTAINING AN ENTERPRISE

A
self-taught Nigerian fashion en-
trepreneur, Eseoghene Odiete
created one of Nigeria’s leading
fashion brands, HESEY De-
signs, with a strong vision of empowering
women and youth in her local community.
A self-confessed abstract thinker
Nigerian entrepreneur, Iyinoluwa Aboyeji,
established Flutterwave, and became a
provider of technology and infrastructure
solutions for digital payments across the
African continent.
With their headquarters in San Francisco
and 4 oices across Africa, Flutterwave
enabled over 300 entrepreneurs to build
their own technology businesses, while also
empowering over 400 000 businesses with Iyinoluwa Aboyeji

their financial partners. Though a young


Anita Adetola business the enterprise began with the pur- be a successful entrepreneur it’s essential
14 Adetoye, 26, Nigeria
Founder: Anita
pose of granting Africans the access to the
global economy, build a lucrative economy
to know how to treat and manage success
as that will enhance your business and
Brows Beauty and in turn influence the communities and client-base.
businesses they operate with. For Aboyeji, the drive to achieve, even

A
Chivas, Win the Right Way, season 2 during challenges is what exemplifies
detoye, popularly known
presenter – Gugulethu Cele caught up the attainment of success that lifts others
as ‘Anita Brows’, is an and captures the epitome of Chivas Regal
Irish-Nigerian professional with the financial technology entrepreneur
Iyinoluwa Aboyeji, to discuss some of his Win the Right Way. One of the decisions
makeup artist, beauty that proved tough for the entrepreneur
entrepreneurial milestones over a glass of
educator, and entrepreneur. She is also was when he had to turn away potential
Chivas Regal 12-Year-Old Whiskey.
the founder of Anita Brows Beauty When asked why the pursuit of the business in seeking to ensure that the
based in Lagos. With over seven years financial technology industry, Aboyeji existing clientele were well serviced and
of experience, she has single-handedly responded, “I have learnt that in the next maintained. To most this could have been
built an award-winning brand, creating 30 years more Africans will be joining the an opportunity that meant more capital
jobs for young Nigerians. global working population, which will bring and perhaps an expansion. Having made
about a new common prosperity in Africa. this decision he now knows the strength
“My move to Nigeria was the defining
This was a great motivation factor for my of being disciplined and operating within
moment for me in the beauty industry.
business partners and I”. boundaries.
It was the moment my hobby became a Aboyeji attributes his success to the
livelihood and then became a business. “Our award-winning Omni-channel
payments processor enables seamless grace of God, willingness to learn, seek-
I didn’t choose this path by faith, this ing to build strong relationships and
and secure transactions processing across
path chose me. My goal is to change putting himself in a position of helping
diferent payment instruments like mobile
the face of makeup and beauty artistry,” money, cards, bank accounts, airtime others accomplish great things.
she says. and diferent channels like web, mobile,
She is sought-after worldwide. Over agents, USSD and ATM in over 30 African
the years, she has featured and liaised countries.”
with the founder of international In relation to attracting investors Aboyeji
brand ‘Iman Cosmetics’, and worked says “This lies in telling a good story about Chivas, WinTheRightWay season 2 is
with numerous celebrities across the the world one wants to create and how a TV series that features Africa’s most
this can have great financial returns for the inspiring social entrepreneurs who run
globe. She has also been recognized their businesses based on profit with
in Uganda as the best makeup artist investment.” He emphasises that the key in
purpose. These entrepreneurs use
attracting capital is in building a culture of their shared success to inspire other
in West Africa and won the Future
trust and integrity. African entrepreneurs to be part of this
Awards Prize for beauty. Adetoye ever-growing movement.
Aboyeji echoes shared success is a theory
employs 13 people and has several sold- he can strongly identify with as an entre- Chivas, Win the Right Way airs on
out makeup classes in Europe, the US CNBC Africa and on Dstv, channel 410.
preneur operating on the African continent, The next episode will be at 21h15 CAT,
and East Africa. This year, Anita Brows one will find that this is the core value 22h00 WAT and 00h00 EAT.
will launch a cosmetic range. system of shared success and prosperity. To
17 Joey Friedman, 26, South Africa
Founder: LA Group of Companies
Growing up, Friedman watched
his father run a business and go
15 Akinwande Durojaye, 28, Nigeria
Founder: JustBrandIt
bankrupt.
“It was extremely hard for
me to adjust to receiving food
While at Covenant University, Durojaye saw the need for a donations... we lost our house
printing and branding business. He started doing business and I was not succeeding in
as an intermediary between the students’ association and school. I had learning disabilities
the print world. In 2014, he used this experience to start which were not discovered until
JustBrandIt, a printing, branding and advertising agency I was 13. This led me to feeling
competing with larger companies in Nigeria. The astute like a failure and completely
Information and Communications Engineering graduate incompetent,” says Friedman.
is also the founder of FixMyRide, a fleet management With a lot of financial
company which manages diferent taxi hailing platforms like responsibilities, he had to start thinking of ways to make money.
Uber, Taxify and Oga Taxi. It also houses an auto workshop Nine years ago, he started a business called BOBBLE, a bottle that filters
for vehicle repairs, maintenance and servicing. The name water, then a real estate agency called FRESH REALITY. Then, in 2013, a
FixMyRide was inspired by MTV’s Pimp My Ride show where bigger opportunity presented itself.
vehicles get transformed and upgraded. He employs 13 full- “I saw Lounge Around for sale and made it a priority to raise capital for this
time staf and about 210 contracted drivers. Combined, the with my business partner. I finally am able to do what I love and go to work
companies turn over $1.2 million each year. every day extremely excited,” he says.
He is also the co-founder of FueledUp, a technology-driven Lounge Around, part of the LA Group of Companies, is a premium
company where customers request for fuel and cooking furniture hire company that services prestigious events,.
gas delivery via an app. He is also the co-founder of It specializes in boutique furniture rentals and supplying custom-made
LashBells Food Company, a local snacks production and furniture and decor for a diverse range of events including exhibitions.
packaging company. “I had watched my father run businesses my entire life and felt it was my
destiny to follow in his footsteps and make a business truly work,” he says.
His company is responsible for supplying events like the Vodacom
Durban July, DStv Delicious Festival and Tourism Indaba. They also
Samuelle Dimairho, 27, Zimbabwe worked at Winnie Mandela’s funeral and the 2014 presidential
16 Co-founder: Chengetedzai
Depository Company Limited
inauguration. The company has grown revenue by 1,200%
in four years, employs 105 people and owns a 90,000sqm
warehouse.
Dimairho co-founded Chengetedzai Depository Company Limited,
Zimbabwe’s first central securities depository for the capital markets
with securities’ deposits that have peaked at over $7 billion and trade
settlement now in excess of $2 billion. The company had $1.5 million in
revenue last year. 18 Zuko Tisani, 25, South Africa
Founder: Legazy Technology Conferencing
Dimairho is also the founder of Aura Group, a management
consulting, technology and business process outsourcing services Legazy is a company that supports
company expected to turn over $2 million this year. startups in South Africa in their
Dimairho was featured in the Junior Achievement Worldwide, quest to disrupt. They partner with
2011/2012 Africa Annual report on behalf of Zimbabwe, received the world’s best to up-skill, invest in
the top ICT Company Web Developer of the Year 2011 award, was and collaborate with South African
1st Runner-Up in the Top ICT Company of the startups.
Year 2011 award category, and received top Tisani founded the company
ICT Project of the Year 2012 (Public Sector) in 2016 when he saw the dire need
award. He was also crowned the Junior for investment, training and market
Chamber International (JCI) Creative Young access for the embryonic startup
Entrepreneur of The Year 2014 and also won ecosystem of South Africa. South African startup community
the Entrepreneurs Organisation Global “The statistics released by needed the community of early-
Student Entrepreneur Award 2014. ANDE on the 86% failure rate stage investors; the world’s most
Dimairho voluntarily serves of startup businesses within the disruptive tech startups and
as an advisor to the Graduate first 18 months of starting showed thought leaders on emerging
Development Agency and Young there was a limitation on resources, disruption to be hosted in country
Entrepreneurs Sanctuary Africa, an information and access,” says for our startup community to gain
organization focused on building Tisani. investment, create partnerships
the soft skills of graduates and Legazy raised $1 million to and become as competitive as the
mentoring young entrepreneurs. He host the Web Summit technology largest technology companies
holds several accounting and business conference in South Africa. out there such as your Ubers and
qualifications. “We at Legazy believed the Facebook.”

22 | FORBES AFRICA JUNE 2018


FORBES AFRICA

UNDER 30 – BUSINESS

20 Bidemi Zakariyau, 28, Nigeria


Founder: LSF|PR

Growing up, Zakariyau watched her


father build a taxi service and real estate
company from nothing. She worked for
him during holidays where she acquired
skills in project management, sales and
communications. Her father convinced
her to study law. She interned in law
firms for a few months but left to follow
her passion in media.
She founded LSF|PR which started
as a fashion PR agency. Six months after law school, she saw
“Securing my first client was very opportunities to scale and diversify her
diicult because I had no public client portfolio to include corporate,
relations experience; I would visit consumer and lifestyle brands. She
diferent blogs in Nigeria and look for rented an oice and started hiring
contact numbers in the article credits workers. Today, the agency’s clientele
and call the designers requesting to work consists of local and international brands
with them for free,” says Zakariyau. including Philips, Rémy Cointreau,
When the door finally opened, she Godrej, William Grant and Sons, Brown-
charged very little and worked hard. Forman, ARM, AfriOne, Ventures
Gisela van Houcke, 27, DRC
19 Founder: Zuri Luxury
Hair&Beauty
Client satisfaction led to referrals and
new clients.
Platform. She employs eight women and
runs an online magazine.

Houcke was born in Eastern DRC but was


forced to flee the country and move to the
Zareef Minty, 24, South Africa
United Kingdom at a young age due to the
DRC’s political and economic instability.
21 Founder: ZRF Holidings
She moved back to the DRC to contribute to
the growth of her motherland. While working Minty began his entrepreneurial journey
as the head of legal at BBOXX ltd in Kigali, at the age of 15 when he started his own
she founded Zuri as a hobby in 2015 when she clothing brand, Self Made Billionaires. At
struggled to find quality hair extensions. When the time, the market had brands like AMA
she sold extensions worth $50,000 in a few Kip Kip as one of the only prominent South
months, she turned the hobby into a business. African t-shirt brands. He saw a gap where
“My vision was to build a global platform brands were not necessarily using the
and brand, which would bring together concept of influencers and celebrities to
leading hair and cosmetic products, expertise, grow.
technology and a community of passionate “I got Kenny Kunene and Lee-Ann
customers,” she says. Liebenberg to wear my brand. Kenny
Zuri Luxury Hair&Beauty is a hair even wore my clothing in the promo of his
extensions brand. Their extensions are made second season of So What on ETV. Through
with 100% human Remy. Their products these celebrities, I got media hype where
include lace wigs, extension bundles, closures a lot of newspapers covered my clothing
and lace frontals. brand and with that, it brought a lot of
By end 2016, she had sold hair worth over corporate work,” he says.
$100,000 across the DRC and Rwanda online. Today, ZRF Holdings houses a PR
That year, she also raised $75,000 of equity company, a clothing company and a law
financing to set up a holding company in firm. He was in the Mail & Guardian’s Top
Hong Kong, launched a supply chain oice 200 List, released a book, is a lawyer, motivational speaker and a radio host.
in Guangzhou with three employees and “I am most impressed by Zareef’s ability to conceptualize problems, organize
opened her first store in Kinshasa. Last year, his thoughts, identify important data and facts, and present a balanced argument...
she introduced a line of lipstick and hair he consistently displayed sound judgement, ethics, and leadership… he has the
accessories. ability to innovate,” writes advocate Barry Roux, in a letter of recommendation
Zuri is growing fast and claiming a share of for Minty. You may remember Roux serving as the defence advocate in the Oscar
Africa’s big hair industry. Pistorius trial.

JUNE 2018 FORBES AFRICA | 23


FORBES AFRICA

UNDER 30 – BUSINESS

22 Fred Apaloo, 28, Ghana


Founder: Villa Grace Kene Rapu, 28, Nigeria
23 Founder: Kene Rapu
This hospitality management
graduate moved back home after
studying in the US to make a
diference. For about two months,
when he returned to Ghana, he
cooked and nicely plated all his
meals.
“The motive behind that was
really to send photos to my friends Through her first product line, “I remember on my hunt for
in the US, to show them that Ghana ‘Slippers by Kene’, launched in 2011, property for my factory last year,
wasn’t what they thought it was. A Rapu became an entreprenuer who I met a gentleman who made it
lot of them pitied me for choosing promotes the growth of Nigerian extremely clear he would not, under
to move back,” he says. industry by using locally-sourced any circumstances, rent his property
Apaloo’s interest in creating materials to make slippers and out to women.”
awareness through social media sandals. She says running a business Rapu holds a law degree from the
grew when he realized the photos is hard work, even more so in University of Bristol and a Master’s
were attracting a positive reaction. Nigeria. in Fashion Entrepreneurship from
He then started a brunch series “The odds are against us, as more the London College of Fashion.
called ‘Brunch Friends’. These businesses are expected to fail than In 2016, she was selected by the
were weekend brunch sessions at to succeed. From lack of adequate Tony Elumelu Foundation as one of
his house, where he cooked brunch power supply, to suicient skilled 1,000 African entrepreneurs whose
for his closest friends and family man power, to the costs and scarcity idea could change Africa, and in
and they discussed issues faced by of materials, the list goes on,” she 2017, was listed as one of 100 Most
the young. They encouraged him says, adding that it’s harder for Influential Women in Nigeria by
to expand these sessions. In 2015, women. Leading Ladies Africa.
he founded Villa Grace, a boutique
dining company that hosts intimate
pop-up brunches which have
quickly become some of Accra’s
most exclusive and unique dining
24 Jack Mthembu, 27, South Africa
Founder: First One Adventures
experiences, selling out tables
Mthembu started buying and selling in Entrepreneurs and got a mentor to assist
weeks in advance.
grade three. Instead of giving him money, him. “I had my fair share of disappointment
his grandmother would give him packets having to live seven months on my friend’s
of sweets to sell. In high school, he sold couch in 2016, while in the meanwhile
ice cream to friends and neighbors in turning down jobs on every angle. Because I
the blazing hot township of Namakgale had this burning passion to get my business
in Limpopo. He would also organize fun of the ground and needed all the time
runs on his street and charge people to in the world. I also had the fear of being
participate. consumed by corporate; amongst job ofers
His journey continued and in 2014, I had to turn down was ABSA, Stanlib and
while in his second year at university, he Liberty,” he says.
participated in a business idea competition After a few months, his corporate
hosted by the North West University branding company collapsed but he had
Business Development Centre. He won it a lifeline. He had also founded First One
and used the prize money as capital. He Adventures, a highly-profitable organization
bought a camera and set up a business aimed at developing high school learners
in photography, corporate branding and through life coaching and personal skills
graphic design. development camps. The core focus of
The same year, he was a runnerup for the organization is raising young people
the Nedbank Sustainable Entrepreneurship to be independent thinkers. He also ofers
competition, joined the Branson Centre of accounting services to small businesses.

24 | FORBES AFRICA JUNE 2018


Alexander Knieps,
28 27, South Africa
Founder: Printulu

Reabetswe Ngwane, 25, South Africa


25 Co-Founder: KreamFields This budding entrepreneur comes
from a family of entrepreneurs.
Ngwane’s entrepreneurial journey began when she started Printulu sells commercial print
her first business with a friend. They recycled plastic products such as flyers and
bags, turning them into school bags with solar lanterns, business cards online to South
and provided them to kids in underprivileged areas. African SMEs. The company has
Unfortunately, that partnership did not last. She then started served over 5,000 clients to date.
yet another business with her sister. This time, they recycled It hasn’t always been an easy
tyre tubes to make fashionable bags. The bags cost anything
journey for the German-born
between R500 ($40) to R1,400 ($111). She also makes first-
entrepreneur. When starting
aid kit bags, respiratory bags or masks and seat protectors
for the mining and construction industries. Printulu, an investor promised
him one million dollars in
funding. Unfortunately, according
to Knieps, the conditions of the
Anelisa Mntuyedwa, contract were so unfavourable he
26 28, South Africa
Founder: Gilbert Civils
couldn’t sign the contract.
“At that time, the
development of the website,
Growing up in the rural village of self-funded, was almost done
Chalumna in the Eastern Cape Province, and I was already hiring a team
Mntuyedwa had quite an interesting to go live. I decided I am going
upbringing. She remembers chasing cattle to do this – no matter what –
and helping her parents plough corn fields with investors or without. This
over the weekend. was one of the most diicult
From about age 10, she says she had times in my life: very little
a dream very diferent from her peers. money, no support system in
She wanted to be an entrepreneur with a South Africa and numerous
business listed on the Johannesburg Stock business hurdles,” he says.
Exchange, when all her friends wanted to His success is proof it’s not
be lawyers and doctors. She was inspired Gozie Coker, 29, Nigeria
by her father and mother who had jobs but 27 Founder: Coker Creative
about the cards you’re dealt, but
how you play the hand.
always had a business on the side.
After completing her BSc Honours Coker is the ultimate planner.
in Soil Science in 2013, her parents gave “Planning events is something I have always
her R500 ($40) as a congratulatory gift. done, so much so that growing up, I was
She used it to set up Gilbert Civils, a nicknamed ‘the organ’, short for organizer. I
construction company in the Eastern Cape. derived joy planning all my family and friends’
Her services have been used by the likes of celebrations, from vacations to birthdays, and
Bufalo City and DNA Structures. even anniversaries,” she says.
She spent her holidays interning for event
companies. Soon after graduating from Baylor
University, with a degree in marketing, she
interned with Kennedy Creative, a full-service
event management company in Austin, Texas.
A year later, she went on to pursue a master’s in
Strategic Management from the Cass Business
School in London.
“I used my graduation thesis to test my
business plan for what we now know as Coker
Creative.”
A boutique event company, since its launch
almost four years ago, it has executed events
for private and corporate clients in Nigeria
and internationally. Its clients include Etisalat,
Zippy, Redrick Public Relations, Access and
Bella Naija.

JUNE 2018 FORBES AFRICA | 25


30 Nataliey Bitature, 28, Uganda
Co-Founder: Musana Carts

Bitature was raised by entrepreneurs. She grew up


running around building sites, cleaning shop floors and
counting stock in the evenings. When she was on track
to study investment banking, she volunteered at a school
in rural Ibanda and realized there was another need for
business.
“Entrepreneurship provided for my family and for
the first time I saw that it was something I took for
granted. The teenage girls in the class I taught had very
simple and unambitious dreams and it broke my heart.
I knew I had to get into business that changed lives,
improved communities and gave other Ugandan girls the
opportunities I had had,” she says.
She fundraised $60,000 for building two classrooms
and an IT lab for the girls.
She later co-founded Musana Carts. These are
solar-powered street vending carts designed for micro-
entrepreneurs in Uganda. They are modular, made for
29 Adam Amoussou, 27, Benin
Founder: AMOSCONSULT GROUP
the customization of business features including fridges,
sockets and mobile money terminals. Musana Carts equip
its vendors with finance and business training and ofers
Amoussou grew up in a family of entrepreneurs. He says he a path to legalization for those trapped in the informal
always felt the pressure to succeed. sector.
“You have a standard to keep up to and in Benin, they say ‘a Bitature was named a World Economic Forum Top
man who hasn’t done more than his father has done nothing, he Woman Innovator in 2016 and was invited to present at
is a complete failure’, so I grew up picturing myself taking over the World Bank headquarters for the Spring Meetings
the family business and taking it to the next level,” he says. 2017. She also previously founded two service businesses
His journey to entrepreneurship began in 2012 while in in Kampala: Tateru Properties and Handymen Uganda.
university. “I believe because of the family I come from I’ve
“I had the highest marks in statistics so a couple of friends had the unique opportunity to be exposed to people
came to my place on weekends looking for assistance and I and institutions that can help my causes. When I was
helped, but the following weekend they came accompanied by preparing to pitch Musana Carts to President Clinton and
other classmates,” he says. a panel of esteemed judges in New York, I got to pitch to
In 2012, he started charging them for tutoring sessions. A the Prime Minister of Uganda…,” she says.
few months later, he and his girlfriend at the time, now fiancé,
launched an online clothing shop, which is growing in retail.
In May 2014, they opened street restaurants selling Kotas. The
business died because of competition. In 2015, he sold his car to
start AMOSCONSULT GROUP, a company supplying tropical
fruits to the international market.
“I noticed the infinite potential of our Benin agriculture. So
I went on and did research and found out Benin could supply
one of the highest quality of tropical fruits and products and
they were in high demand. I had the vision that soon my country
will reach food self-suiciency, be among the fastest-growing
economies in Africa and be the vegetable garden where other
African countries and the rest of the world buy good quality food
and products at a very competitive price,” says Amoussou.
The company supplies fruits and produce such as cashew
nuts, pineapples, palm oil and nuts, coconuts, shea butter and
cotton. To meet the demand, they partner with farmers, provide
them with information about the quality of fruits and produce in
high demand, purchase these from them and sell internationally.
The business has expanded into Togo and plans to open a branch
in South Africa this year.

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Olaoluwa Samuel-Biyi, 27, Nigeria
TECHNOLOGY 2 Co-founder: SureGifts,
Director: SureRemit
Samuel-Biyi has been at the forefront of some of the
most innovative technology ventures in Africa, either as a
critical employee, investor, or entrepreneur.
With the help of his co-founders, Adeoye Ojo and
Babafemi Lawal, Samuel-Biyi launched SureGifts, a digital
shopping voucher aggregator and retailer in 2014.
“We pioneered the concept of gift cards in Nigeria and
partnered with the biggest brands on the continent such as
Game, Spar, Samsung and Jumia to power their digital gift
card programs,” he says.
Today, the company operates in Nigeria and Kenya
with over 200 retail brands and utility service providers
on their network. SureGifts vouchers are used by over
250 major companies across the world like Airtel, KPMG
and Coca-Cola for their employee and customer rewards
programs.
His company also developed a project called
SureRemit, a non-cash remittance product that will
leverage cryptocurrency to power remittances intended
for non-cash use-cases like utility payments, groceries and
medicine, leveraging the SureGifts merchant network and
other global partners.
“Again, my team finally brought Africa into the
Blockchain playing field by executing the most successful
Initial Coin Ofering (ICO) out of Africa yet, raising $7
million within two days from participants in 65 countries,
including participation from the largest cryptocurrency
fund in South Korea.”
The SureRemit cryptocurrency, $RMT, is currently on
the market. They employ 30 people
Prior to SureGifts, he managed data-intensive projects
Rivo Mhlari, 23, South Africa
1 Founder: Rikatec
in commercial planning, business intelligence, and
financial analysis at Jumia in Nigeria. He is also a senior
consultant at Venture Garden Group, advising on startup

M
hlari is a master of perseverance. When he first created investing, business risk, strategy, and finance and supports
an information management system using big data and early-stage African entrepreneurs as a Venture Partner at
artificial intelligence to solve problems for vehicles such Greenhouse Capital.
as predicting and detecting vehicle breakdowns, he
was rejected 11 times by the manufacturers and insurance companies he
approached. The rejections were his greatest motivation.
“I realized we were rejected not because what we were doing was not
novel or attractive; we were rejected because they thought what Rikatec
wanted to do was impossible. We were simply ahead of our time,” says
Mhlari.
He founded a marketing consultancy, where he hosted events
and advised small business on strategy; made money and funded the
development of Rikatec prototypes. He also made a noise about the
diiculties of support and funding for tech startups. It earned him a
R500,000 ($40,000) investment to commercially test the product in
exchange for 5% equity in the business.
Today, Rikatec simultaneously provides a connection to the nearest
help option within five minutes of breakdown detection. The company
also provides predictive maintenance for fleets, monitors driving
habits, wear and tear and uses big data and analytics to provide valuable
information that can help reduce operational costs.
Presented by:

STANDARD BANK PIONEERS GAME-


CHANGING AFRICAN TRADE GATHERING
BROADLY INCLUSIVE PAN-AFRICAN INITIATIVE TO DRIVE AFRICAN GROWTH

S
tandard Bank is escalating its a regional opportunity, for the continent,” he able to set and drive its own investment and
highly successful trans-regional added. growth agenda – independently.
trade and business conferences Standard Bank’s broad and established By pioneering the dialogue across Africa’s
into a broadly inclusive pan-African footprint across the continent, as a universal broad trade, corporate and commercial eco-
initiative aimed at driving collective financial organisation, its sector expertise and system, facilitating partnerships for business
growth across the continent. networked global capital market presence, development and boosting intra-Africa trade,
Announcing that this year’s Trans Regional including high level access to the Chinese Standard Bank hopes to build the foundations
Conference is to be held in Lagos from 1 - 4 July, banking system, means that, “gatherings of this of sustainable long-term intra-African trade
Standard Bank will invite clients from across the nature can assemble, identify and unlock key growth in sub-Saharan Africa.
continent to participate alongside key govern- intra-African trade and business opportunities “An additional feature of this year’s confer-
ment officials, legislators, and representatives of – on a scale wide enough to transform Africa’s ence will be a focus on leveraging Africa’s spe-
regional growth and development bodies. growth and development trajectory,” said cial relationship with China,” added Manyathi.
Standard Bank has hosted two previous Manyathi. The Industrial and Commercial Bank of China,
conferences in 2016: in Accra focusing on West On average, regional trade accounts for the world’s largest bank, holds a 20% share-
Africa, and in Nairobi focusing on East Africa. about 50% of most regions’ trade flows. In Asia holding in Standard Bank, Africa’s largest bank.
These separate gatherings brought together - the world’s fastest growing region - regional This critical institutional relationship has
clients and key Standard Bank trade experts and trade accounts for up to 70% of some countries’ resulted in various initiatives across the conti-
client relationship managers from the countries trade flows. Since intra-regional trade in nent - from Renminbi trading, to Africa-China
in each of these regions. Africa currently accounts for only 12% of trade business centers, and landmark deals – that
“Our previous conferences showed us the flows, Standard Bank has identified the rapid collectively constitute Standard Bank’s Afri-
scale of the opportunity for growing intra-Afri- promotion of continental trade as a key priority ca-China trading corridor.
can trade, especially the potential for cross-bor- in achieving the kind of growth that will trans- Driving Africa’s growth means not only
der trade, to change the growth trajectory of form the lives of ordinary Africans. connecting Standard Bank clients to oppor-
the continent,” said Zweli Manyathi, Chief If the continent can increase trade be- tunities in Africa but also increasing general
Executive PBB at Standard Bank. tween African countries to the global average trade between African countries. “Supporting
In addition to providing critical insight into - that is from 12% to 50% - the continent will the growth of Africa’s broader cross-border
how best to help clients leverage Africa’s full be far less reliant on global trade and invest- trade ecosystem is critical to driving sustained
cross-border potential, “we also realized that ment for its own growth. This will also mean growth, employment and the future prosperity
increasing trade was a pan-African, and not just that, for the first time in history Africa will be of Africa’s people” concluded Manyathi.
FORBES AFRICA

UNDER 30 – TECHNOLOGY

Isaya Yunge, 28, Yunge had a diicult childhood. His parents never interest to study the digital economy and the app
3 Tanzania married so he was born and raised an outcast. He was
raised by his grandmother and spent his childhood
business.
That year, he attended a talk about the fourth
Founder:
herding goats, cows and chasing birds on rice industrial revolution, the sharing economy and
SomaApps
plantations. collaborative commons, by Jeremy Rifkin, an
Technologies “Life was tough and hard because sometimes I American economist. It was airmation he would
Company Limited had to miss school and spend the entire day on the one day solve Africa’s problems through digital
farm, so I escaped to search for my parents, both of technology.
who by then, had their separate families which made “I had to sleep in the oice for six months eating
it diicult for me to be accepted by any of them,” he bananas every day... It was during this time a girl I
says. really liked dumped me because I sounded crazy
Peaceful as he was, he says he was always rejected, talking about my startup,” says Yunge.
whether by his step-mother or step-father. It made Today, SomaApps is a scholarship-matching app
his upbringing unstable and unpredictable. He had to that lists and matches students with thousands of
live from one foster family to another. He was forced domestic and international scholarships. His aim is to
to live by himself from the second year of secondary accelerate the advent of mobile software technologies,
school. He worked after school to earn money for artificial intelligence and the Internet of Things in
food and rent. Tanzania. He employs 12 people.
“In 2012, I was at my lowest point and life was “With SomaApps, the impact I am making
hard as I struggled with basic needs, school fees and is helping students from low-income families
rent. I almost gave up on education because of the access fully-funded scholarships to attain quality
chaos around me. One thing that kept me going was education around the world. Within just two
the FORBES list. As a young boy, I would hear on the years, we’ve helped 550 students.”
news from time to time about Africans making it on Along his journey, he has collected a number of
the FORBES list and I aspired to one day be on it.” accolades. In 2006, he was elected to become the
In 2014, he became curious about the tech chairperson of the Junior Council of the United
industry, particularly the app business. Republic of Tanzania, spoke at the G8 Summit at
“I remember I started asking myself questions the age of 17, won the GSMA Mobile Money Africa
like ‘if I am using Facebook, Instagram and Snapchat Hackathon as best startup in Africa in 2017, won
for free how come these companies are wealthy and the prestigious Queens Young Leaders Award and
growing in terms of revenue and user base?’ So, my won at the Start-up Turkey Award as one of the
desperation to understand the industry sparked my top three startups in the world.

Mahmood Oyewo, 26, Nigeria


4 Co-founder: RubiQube

From an early age, Oyewo participated in science fairs and always “This was in response to the complaint that many African apps
wanted to know how things worked. This inquisitiveness led him to get lost in the app stores which kept potential users from finding
start his first company, Mabtech Solutions, before university. them. We unfortunately faced the same fate as we were trying to
“I made radio transmitter circuits as a hobbyist and sold to save other African apps from, the RubiQube mobile app itself got
friends who played pranks by broadcasting messages. I also wrote lost in the noise that characterizes the Google Play and Apple App
C++ applications and sold to secondary schools. These experiences stores,” says Oyewo.
really convinced me I could create an impact with my knowledge In late 2015, they decided to pivot from a mobile application
and also make a living out of it,” he says. to the current video advertising service called RubiQube. It is an
In 2009, Oyewo and his brother, Mukhtar, built a mobile airtime advertising technology company
top-up solution. with focus on video and other
“The solution was to be tied to Globacom’s airtime APIs. We super rich media, with a goal
presented this solution to a director then and of course because we to acquire high-value users and
were young lads, we were never taken seriously.” drive customer engagement
They didn’t let that disappointment afect them. Instead, they through its state-of-the-art
registered an app development and management company called advertising services.
MobiQube. Today, RubiQube Limited
In 2012, with the intention of collating innovative mobile has worked with some of the top
applications in Africa and ofering locally relevant apps to users brands in Nigeria, which include
based on their location, they built a location-based mobile app Nestle, GSK, Visa, Zenith Bank,
aggregator. UBA and Coca-Cola.

30 | FORBES AFRICA JUNE 2018


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Kevin Lubega, 28, Uganda
5 Founder: EzeeMoney
From as far back as his early teenage years, Lubega used every phone or formal bank accounts
opportunity he had to work with and learn from his father. wishing to receive and make
“I have greatly benefitted from watching him come from very multiple payments. They also ofer
humble beginnings to grow various businesses from the ground to pay bills, do collections, and
into multinational organizations making a profound impact on ofer point of sale money transfers
Africans,” he says. and other e-money services to
He was inspired to solve Africa’s problems through banks, non-bank corporations,
technology. To date, he has founded five companies in diverse government and NGOs.
industries, including e-commerce, real estate, financial services EzeeMoney operates in
and oil and gas. Uganda, Kenya, Tanzania,
“Through these ventures, my goal has been to provide Mozambique and Zimbabwe.
sustainable and lasting solutions to Uganda’s and Africa’s They directly employ 80
unique challenges.” people and indirectly about
Incorporated in 2012, EzeeMoney is a fintech firm ofering 8,000.
electronic money services to clients with or without a mobile

Chris Kwekowe, 25,


Leonida
7 Mutuku, 29, 8 & Emerald
Kwekowe, 21,
Kenya Nigeria
Founder: Founders: Slatecube
Intelipro
Whileworking atiHub,one Slatecubehelpsjobseekers
of thetech hubsin Kenya, developjob-relevant skills,gain
Mutukudiscovereddata workexperience,andlandwell-
science andits potentialto payingjobsthrough up-skilling
transform theway wedo coursesandvirtual internships.
business in Africa. “Weaimtobridgethe gap
“I was excited to betweenqualificationand
see how data science employment which has,forso
and analytics change long,beenaleading factor in the
a business to better highunemployment rate ofyouth
Berno Potgieter & Thatoyaona Marumo, respond to users. When alloversub-Saharan Africa,”says
6 28, South Africa I decided to leave
employment, it was
Chris.
Sincelaunchingin 2014,the
Founders: Domestly
pretty clear these kinds companyhas helped hundreds
Potgieter andMarumo met whilestudying atStellenbosch University. of technologies were still of graduates get intofull-time
They both had adream ofone day startingtheir ownbusiness.Passionate not widely in use here employment, trained over13,000
about the tech industryand empowering domestic workers to find better and I was keen to step graduatesinfull-stack web
workopportunities,theyfoundedDomestly,atechnologyplatform that up and fill this gap,” she development,design(graphics
allows consumers tofindandhirecleaning professionals. says. designandanimations),and
In 2015, she founded digitalmarketingacrossNigeria
“Initially,whenwestarted, ouroperations wereentirelyand wholly
Intelipro, a company that andGhanaandhave7,000 active
bootstrapped. In December2014,westarted speakingtoinvestors.At this develops cloud-based userstaking onlineprograms.
stage,the business had donewell indelivering lucrativenumbers.By April applications to help “Tenpercentofourbetatesters
2015,wehad four investors onboardand havecontinued to successfully businesses make data havegoneontostart their own
attract moreinvestors since,”says Marumo. work for them. They businessesandalso gotaccess to
In June 2017,theyannounced thebusiness had secured its first roundof create advanced analytics fundingranging from$5,000to
institutionalfunding from the IndustrialDevelopmentCorporation (IDC). solutions to help their $25,000.”
They haveafootprintin Cape Town, Johannesburg,Pretoria andDurban clients build a deep SlatecubewontheAnzisha
andhavecreated about 1,500jobs. knowledge about their Prizein 2015,presented at
business operations, their theAfricanUnion duringthe
Thecompany has receivedmany awardsincludingbeingin thetop
brand, their customers e-LearningAfrica Conference in
fivestartupcompanies in South Africa in 2015,winner of theMTN App and their industry. Their 2016andwasinvitedbyformerUS
of theyear awardandbest consumer app of theyear in 2016,e-commerce clients include MTN, President BarackObamatoattend
awardsrunnerupbehind Takealot in2016,Cape Townbusiness awards’ Bank of Africa Ghana theGlobal Entrepreneurship
finalist in 2016 and Africa’s most disruptive app award winner for 2016. and Revoltura. Summit in San Francisco.

32 | FORBES AFRICA JUNE 2018


FORBES AFRICA

UNDER 30 – TECHNOLOGY

10 Sunkanmi Ola, 22, Nigeria


Founder: Syracuse Digital

Establishedin2012,SyracuseDigitalisadigitaladvertisingand product
developmentagency.They helpbusinessesgrowthroughdigitalengagement
marketing.SyracusecountsAdidas,Tecno Mobile,MitsubishiMotors and
Infinixamong its clients.Thecompany has reached Nigeria,Ghana,Kenya,
Ethiopia,SouthAfrica,CameroonandtheUK.
Ola also initiatedaglobally focusedstartup,Hirefreehands,throughSyracuse
Digital.It hasan African outlook,backed by aSeattle-based Blockchain venture
firm. He turns over close to half a million dollars each year.
Ola’shardworkhasearnedhim many awards.In2014,he was afinalist
forthe AnzishaAwardsforSuccessfulAfricanEntrepreneurs Under21, he
was the firstNigerianto beadmittedinto the Young Lions Planners Academy
at the Cannes Lions International Festival of Creativity, and is the youngest-
ever candidate admitted into the global executive MBA program at Hult
InternationalBusinessSchool, London.
SyracuseDigitalalso wonthe DigitalMarketingAgency ofthe Yearawardat
the AfricanQualityAchievement Awards in 2015 and has had multiple features
inLürzer’s Archive.

Phiwa Nkambule, 26, Swaziland


9 Co-founder: Riovic 11 Perseus Mlambo, 29, Zambia
Founder: Zazu Africa Limited

N
kambule discovered his love for
The idea for Zazu came when Mlambo was on a bus at 4AM. He met
tech in 2006 fixing computers with Dorica, an 80-year-old who was traveling to sell her fruit and vegetables.
his uncle in a small township in “Before then, I had never thought about how food moves from the farm,
Swaziland. He got his first experience to the shelf or market and eventually to my plate,” he says.
of unlimited internet when he went to the He wanted to make the process of selling easier for people like Dorica.
University of Pretoria in South Africa 2011. He Then he realized most of them didn’t have bank accounts. As such, the first
used it to teach himself web and app development. part of problem-solving was to make sure they had simplified access to
In 2014, he moved to a quiet suburb in Pretoria formal financial services.
where he founded his first technology company, He founded Zazu, a fintech company.
“Picture this, you download the Zazu app on your phone, and you sign
Cybatar, in his garage. Here, he developed cloud
up to get an account. You submit a selfie and your identification documents.
computing and Internet of Things technology, Less than two minutes later, you have an account. In two days, Zazu delivers
an on-demand fuel delivery application, a social the card to your house/oice/farm and you can start spending. You can
network and a tuition crowdfunding platform. finally sell things online or buy from Amazon. If you want, you can pay for
Cybatar won Best Cloud Computing Startup electricity/TV/water/taxes via the Zazu app or buy airtime,” he says.
Africa at the 2015 African Corporate Excellence For each transaction, the Zazu app categorizes it and at the end of the
Awards. month shows you how well you are managing your money eg., 36% spent on
In 2015, Nkambule co-founded Riovic, an groceries, 10% alcohol or 30% rent. If you want, you can set a budget in the
insurance technology company. The company app and when you spend money, if needed, the app encourages you to save
or slow down with your spending.
provides a risk-sharing network where a group of
“But more than the app, we also realized a lot
associated or like-minded individuals pool their of people do not use banks or financial service
premiums together to insure against a risk. It providers because very few people know what
connects those seeking insurance with investors they do. So we approached the Financial Sector
who are willing to share the risk of a pay-out in Deepening Zambia and together, developed five
exchange for returns in the form of premiums. courses around finance. We uploaded these courses
Riovic was named one of the 100 Best Fin-Tech on our USSD platform and anytime that someone
Companies in Africa, was a nominee in the 2016 dials *619#, they get taught about income, loans,
African Fin-Tech Awards and was part of the Top insurance, savings & digital financial services.”
In less than a month of introducing it,
26 Fin-Tech startups in South Africa according to
they taught over 2,000 courses in one
Ventureburn. Riovic owns fintech platforms such district alone.
as PolicyLedge, NeoMutual and Kr8iv Capital.

JUNE 2018 FORBES AFRICA | 33


Nneile Nkholise, 29, South Africa
13 Founder: iMed Tech

Nkholise was an entrepreneur since primary


school. She first sold a pig to make money for her
school fees and made more money either selling
goods or doing hair.
“I still remember when I was around eight,
some lady who owned a tuck-shop in our street
asked us [kids from the street] to go and sell
bananas for her because she had bought a lot and
no one was buying them and so they were about
to go off. I took more than anyone in our group
and somehow all the other kids didn’t know
how or where to sell. I just went street to street,
knocked on every door selling,” she says.
In 2015, she had a dream to start a medical
design, engineering and technology company.
She entered and won the SAB Foundation Social
Innovation Award. At the time, she had nothing in 2016 my business was close
but a big dream and designs on paper. to failure, because the disease
“To have people believe in us at that moment of self-doubt created symptoms
is the greatest achievement because we had so of bankruptcy, poor business
many writings on the wall telling us we cannot management, poor strategy
make it and that we were creating products that development and execution.”
can never fit into the South African market.” Nkholise stood strong and
She gambled her pension fund money from today, iMed Tech employs
her previous job and added to the SAB prize five people and primarily
money to start iMed Tech. focuses on medical prosthetic
“Self-doubt is the greatest hardship I faced and bio-implant design and
in my business. Self-doubt is the reason why manufacturing.

Kola Olajide, 26, Nigeria 14 Bamai Namata, 26, Cameroon


12 Co-founder: Bridge Labs
Founder: Maibeta
Namata grew up in the small town of Mundemba on the Cameroon-
Nigeria border. Here, he learned how to sell products and build a

O
lajide co-founded Bridge Labs clientbase from his mother, a petty trader.
and has designed solutions “Ihave always been fascinated by computers and electronics.
in education, marketing, Everyone else in my surroundings was encouraged to become
insurance and banking. eithera teacher or join the armed forces but I always had a bigger
He has partnered with insurance companies vision and knew long-term thinking was the way to go,” he
to design technology that empowers brokers says.
After completing a degree in mass communication, he
to have a stronger value proposition and ofer
tried and failed to secure a loan from family and friends to
more personalized products, worked with start a business. The only other option was to work and
banks and credit unions to rethink credit scores save money. First, he worked as a plantation laborer for
by writing more inclusive algorithms driven by $28 dollars a month. He swapped this job with another at
data and built learning platforms that enable a local NGO, where he worked for three years and saved up
teachers to make their content accessible enough money for his startup.
outside the four walls of a classroom. In 2015, he founded Maibeta.com a digital on-demand
His wit and hard work have earned him service platform connecting people to professional technicians
many accolades, among them a Microsoft for repairs, maintenance and construction jobs. The company
makes over $150,000, employs nine people, has conducted
technology partnership, a R500,000 ($40,000)
2,300+ transactions and impacted more than 9,000 people.
innovation prize at the annual SAB innovation Namata also received a Tony Elumelu Foundation
awards and a United Nations recognition for Entrepreneurship Programme award in 2016, Avance
best innovation in education to meet the Media’s Cameroon’s most influential in business award in
UN’s Millennium Development Goals. 2017 and was one of Cameroon News Agency’s entrepreneurs
towatch out for list in 2017.

34 | FORBES AFRICA JUNE 2018


FORBES AFRICA

UNDER 30 – TECHNOLOGY

15 Riaz Moola, 26, South Africa


Founder: Hyperion Development

While studying computer science in South Africa, Moola noticed around the world to lower the cost of
that over 80% of his classmates in first year failed due to a lack of efective software development education
foundational programming languages. as a means to solve the tech skills gap
“I initially formed Hyperion as a university volunteering globally,” he says.
community for students studying at southern African universities, He adds Hyperion is currently the
connecting top computer science students to mentor poorer largest provider of coding education in
performing students in programming via an online platform,” he says. Africa and expanding into over 72 countries.
Hyperion then grew to be a code-review centric, mentor-led It was recently recognized as one of the
online course platform for coding education. The company sources top five education technology startups in South Africa and won
and trains specialist online code reviewers, from the top 5% tech second prize in the TechCrunch Pitch-Of London 2017, won first
talent in Africa, allowing them to improve educational outcomes for in Facebook’s Africa Innovation Challenge award as the leading
students around the world. ed-tech startup in Africa, won three funding awards from Google,
“Hyperion has scaled human review of code at 50 times cheaper including a Google Computer Science For High School grant, and is
than its current cost in the global market by leveraging African talent. supported by the South African government, City of London
We integrate this review into mentor-led coding education programs Co-Investment Fund, and University of Cambridge.

Leonard Stiegeler, 29, Nigeria


16 Co-founder: Zando, Jumia & Director:
Ringier Africa AG

Stiegeler attributes his entry into Africa, employing 3,000 people.


business to his mother. Later, when Jumia started to
“When I was 16, she suggested be established in Nigeria, he was
I help out in a local fair trade eager to explore more industries
retail shop in our small village in in the sector with an even wider
Southern Germany, where I was impact generated by digital. He
born,” he says. partnered with Ringier to launch
Selling baskets, instruments digital media and marketplace
and food from countries in Africa, companies on the continent.
he got interested to learn more Ringier Africa operates the leading
about the continent. He visited classifieds and media groups in
Ghana at age 17 and before going to
university, he lived in Uganda for
sub-Saharan Africa. They have
operations in Kenya, Nigeria,
17 Kofi Genfi & Nii Osae Osae Dade, 24, Ghana
Founders: CYST Company Limited
a year, working with the German Ghana, Senegal, Tanzania and
Development Cooperation on Uganda. The company has 700 This duo founded CYST, a software innovation company that
policy projects. direct employees across sub- specializes in artificial intelligence to create technology solutions
While at university at the Saharan Africa and 100 million+ in 2013. CYST has a research arm called CYST Research Institute,
London School of Economics and user reach. which focuses on artificial intelligence-based research and
Political Science, he was asked development such as natural language processing. In partnership
to be part of the founding team with the telecommunications companies, CYST has access to over
of an e-commerce company in 15 million subscribers through its platforms. They count MTN
Cape Town. He agreed and in 2011 Ghana, Vodafone Ghana, AirtelTigo Ghana, Unity Link and Data
co-founded Zando, which then Protection Commission among their affiliates. It means over 15 million
became one of the leading fashion subscribers through its platforms.
e-commerce companies in South CYST’s flagship product, Mazzuma, is a mobile money
Africa. payment system that utilizes distributed secure infrastructure and
He then moved to Nigeria, to cryptocurrency to enable seamless payments. The Mazzuma token,
co-found Jumia, now a leading referred to as MAZ, is a key payment medium in the Mazzuma
general merchandise e-commerce ecosystem. Transactions made on the Mazzuma platform are
company in Africa, outside of South instantaneous.

JUNE 2018 FORBES AFRICA | 35


19 Timothy Adeyele, 29, Nigeria
Founder: Optiweb Communications

Adeyele grew up poor. His father was a painter and his mother a petty
trader. Getting food to eat was hard and they lived in one bedroom. His
parents struggled to pay public school fees of just under $1.50 per term.
“I was usually sent out of school for not paying my fees. For every
time I was sent out, I will go to a cybercafé that was close to my school
to learn how computers work. The idea of being able to operate a
computer was fascinating to me and I was very curious,” he says.
These frequent visits caught the manager’s attention.
“He then decided to teach me operations, which seemed to be the
only thing he could teach me then. I enjoyed every bit of my free lessons
with Mr. Ayo who I fondly called Uncle AY.”
The more he learned, the more curious he got. He had a dream to
start a tech company.
“A number of times, I got the opportunity to share my dreams
with older people including my parents, I was always called lazy
18 Jaun Pienaar, 27, South Africa
Founder: Apex Media because they felt I was being unrealistic and wasn’t serious about life.
They usually encouraged me to forget about the dream of owning a
Pienaarsaysheadmireshowhis production andphotography, technology business and focus on getting a day-to-day job and at least
parents worked over 40 years for recruiting Devan Lowery to help earn to feed,” says Adeyele.
the same company but never saw build out the visual offering. He wanted more out of life. After his secondary education, he
himself working for anyone. In 2014, Pienaar met got admitted into a leading ICT institution in northern Nigeria. He
Music was his first love. He Damon Boyd after a merger struggled to sponsor himself through the training and dropped out. He
spent almost a year convincing with Omnicom PR giant moved to Lagos and took up a job as a cement store sales attendant. He
his parents to let him drop out FleishmanHillard, where they used the little earnings to research about the technology space, send
of high school to study music. were tasked with establishing proposals and attend business meetings.
He later graduated with majors ‘ContentWorks’ - a production “I faced challenges at the point of setting up my business. From
in Guitar Performance and hub for content in Africa for the struggling to get my startup capital, pitching my ideas to various
Theory and Production from the FleishmanHillard network. A companies only to be told ‘no’ discouraged me at some point. In fact, I
Campus of Performing Arts in year later, the pair embarked was ready to give up but something in me kept telling me to push on.”
association with the Academy of on building a business together He did until he got a breakthrough with a Globacom partnership to
Contemporary Music in the UK. that focuses on delivering found Glo Mobile School, an interactive educational SMS platform that
His parents loaned him money industry-changing, sustainable inspires students to learn outside traditional classes.
to convert their garage and solutions for their clients It opened the doorfor thebirthof Optiweb,adigitalandmobile
adjoining room into a recording through platforms, products solutions company thatspecializesin mobileeducationalsolutions,
studio. and messaging, be it a Virtual digital content, social mediasolutions, specialized CRBT, T,, co t
“I lined up a few musicians Reality tour, a mobile app, content gaming, mobile insuran nce solutions,among
who would need demos and reels marketing, a corporate video other services.
to come and record at my studio or digital business process and Optiweb has wonm many awards
and wrote a few hip-hop tracks policy improvement. Pienaar including Etisalat’sMost InnovativeService
that would be used by a few well- enjoys all things technical and Provider of the Year,20 016, Africa’sMost
known artistes and radio stations loves when technology-driven Innovative Digital Mob bil
ileServiceProvider
as part of their on-air identity,” solutions deliver long-lasting of the Year award and the AfricanBrand
he says. change and meaningful growth. Leadership Merit awarrd d,2017.
Apex Multimedia was He was elected a World The company has erationsin
born, with his long-time friend Economic Forum Global Shaper Nigeria, Kenya, Ghana anzania
Kyle Engelsman. In 2011, they in 2017 and has a passion for the and Ivory Coast.
rebranded the business to Apex enablement and advancement of Optiweb
Media with the vision of creating grassroots entrepreneurs, having Communications also
a world-class production facility played active roles in Tomorrow serves as the holding
for Africa and expanded the Entrepreneur, Suits & Sneakers, company to the many
service offering to include design, I am an Entrepreneur and startups and foundation n
ns
website development, video Impello. in Nigeria and abroad.

36 | FORBES AFRICA JUNE 2018


FORBES AFRICA

UNDER 30 – TECHNOLOGY

22 Melvyn Lubega, 28, South Africa


Founder: GO1
20 Maya Horgan Famodu, 27, Nigeria
Founder: Ingressive

Famodu founded Ingressive, a tech integration company that


provides market entry services and tech research for corporates
and investors.
“I launched Ingressive LLC to solve the funding pipeline,
redirecting global focus and capital to the continent,” she says.
Famodu also founded Ingressive Capital, a multi-million
dollar venture fund focused on early-stage African tech.
“We have worked with thousands of African tech-enabled
youths. Our client list includes over 50 investors and technology
companies. Our clients have gone on to fund more than 20
African startups. I have funded three high-growth African
technology companies, and we’re continuing to invest now.”
Last year, several of their past clients and partners became
investors in the fund, including Michael Seibel, CEO at Y
Combinator; Jason Seats, Partner at Techstars; and Gbenga
Oyebode, Founder of Aluko & Oyebode, among other top
entrepreneurs and investors. Necessity kick-started Lubega’s entrepreneurial journey; he started
his first business when he was a scholarship student in high school.
“The main school tuckshop was closed in the evenings and
over the weekend, so I saw the opportunity to run a tuckshop

211 Abraham Omani Quaye, 28, Ghana


Founder: Farm
Farmart
out of the boarding house. Luckily my need for money was met
and surpassed by my boarding mates’ desire for food and drinks,
making the business a success,” he says.
The business grew to employ a number of his dorm mates.
After completing his After finishing his undergraduate studies at the University of
undergraduate degree in Cape Town (UCT), he joined the Boston Consulting Group, a
agricultural sciences, he decided to management consulting firm. He worked in 11 countries and in
go into farming. During his search some of the big global companies in Africa.
for land, he came across farmers “There was a range of problems we were brought in to solve for
these clients. A number of these challenges could be traced back to
who complained about their
the issue of companies not investing in their staff adequately.”
produce going to waste because of
He noticed a similar pattern when he had started an investment
low fresh sales. business with friends while at UCT. Many of the smaller
“To avoid this, they’ll have to companies they worked with thought they were too small to care
sell their produce off cheaply to about training and development and the bigger companies did not
the middlemen to avoid getting leverage the best-in-class tools to invest in their staff.
nothing out of their hard work. I After his time with the Boston Consulting Group, he went to the
also discovered in Ghana, farmers suffer over 30% post-harvest losses which University of Oxford where he studied for a master’s in Educational
is really unfortunate,” he says. Learning and Technology. Here, he met one of his co-founders,
Andrew Barnes.
Quaye was motivated to not just be a farmer but a digital farmer and
“Andrew had already been building websites for a number of
help other farmers have access to a ready market, reduce post-harvest losses
years and he had actually built a web design business. He had been
and increase their return on investments. He founded Farmart, an online in the learning space as well, which is how we ended up in the
farmers’ market that links farmers to households and businesses. When an same program at Oxford,” says Lubega.
order is placed on their website, they source fresh produce from farmers and Together, they founded GO1, a training solution that brings
deliver to the client. They deliver produce and groceries in Accra, Tema and together training content which is accessed through an easy-to-
Kasoa. use online platform. Today, the company is recognized as a world
“When we started the business, we didn’t have enough bikes to make leader in employee compliance, professional development and
deliveries which made us lose some deliveries and we quickly partnered on-boarding training. It is backed by investment from the likes
of Y Combinator, the University of Oxford and leading venture
with logistics firms who now support us when there’s a spike in orders. We
capitalists.
also faced lots of challenges with lack of some produce and we decided to
The company employs over 157 people, was listed in the global
start Farmart.” Disrupt100 as one of the most disruptive companies in the world
It has won recognition such as the 2017 Pitch AgriHack Africa winner by and was listed in the Deloitte Technology Fast 500, based on
Technical Centre for Agriculture and Rural Cooperation. percentage fiscal year revenue growth over three years.

JUNE 2018 FORBES AFRICA | 37


24 Cukia Kimani, 26, & Ben Myres, 25, South Africa
Founders: Nyamakop Games

Sinceforming Nyamakopin 2015,KimaniandMyres havebuilt their


studiointo one ofthe most promising emerging startups inAfricangame
development.Theirdebutgame,Semblance,hasbeenexhibitedallover
theworldatconsumershowssuchasE3,PAXEast,GamescomandEGX
inadditiontomorethanadozenintimateartsfestivalssuchasSlamdance
Film Festival,South by South West (SXSW), A MAZEand Outof Index.
They havealso participated inprestigious residenciessuch as the Stugan
retreatand‘TrainJam’.
Duringthistime,Semblance receivedcoveragein large outlets,both
gamingandmainstream.Rolling Stone labelledit “addictive”,whileThe
Guardian ascribes it as“cute”.
Commercially,theduoandtheircompany arepoisedfor success,
havingrunthe studioas aleanstartup usingtheir ownmoney,they
found early investmentinlate2016.By end2017,Nyamakophadsigneda
multi-million randpublishingdeal withrenowned videogames publisher,
Good ShepherdEntertainment andcourtedarareaccess toNintendo’s
newest console,the Nintendo Switch. The game wouldbe the firstAfrican
developed IP torelease onaNintendoplatformever.
Kimaniholds degreesin computer science,maths,anddigitalart
andwasthewinner of theinauguralAMAZE./Johannesburg awardin
2015.Also aWitsgraduate,Myresco-curatedAfricade,the firstgallery
exhibition tofocussolely onAfricanvideo games.In 2015, Myres was
23 Huston Malande, 28, Kenya
Founder: Skyline Design
named one of Mail & Guardian’s Top 200 to watch.

Malande is asmartman.Hewasrankedasoneof thetop24 students


Ink Eze, 28, Nigeria
outof about 400,000 thatsatfor hishighschool finalexamsin 2007.
Hethentook atwo-year gapyear beforegoingtouniversity.During 25 Founder: Aso Ebi Bella
thattime,he interned asacomputer repair assistant whenhe got an
opportunity tofixasend/receiveemailproblemfor abank manager. InkEzeis thefounder of Aso EbiBella,
“Thatmay beasmallproblem, but, forabankmanager,itwas anonline community connecting
actually pretty cripplingandcostly backin2008.Within 15minutesor traditionalfashion enthusiasts with
so,Ihad found out wherethe problemlay and fixed it...Hetook out his SMEsin thefashion,beautyand
cheque book and wrote meacheque of15,000 shillings,”he says. weddingindustry primarily inNigeria
Malandesays he walked out ofthereinadaze. Hehadmade15,000 with growinginterests acrossAfrica
shillingsin 15minutes.That’swhenit dawned onhimpeople value andbeyond.
having theirproblemssolved,andtheycarelittle about who doesit. “The#AsoEbiBellajourneystarted
Hestartedlooking forproblems aroundhim to solveand make withahashtag Icreated in 2013while
money.Hesawademand forblank CDs so peoplecouldstore Iwas an employee ofBellaNaija.com
information. Hebought packs at about 10 shillings each, madeaposter whereIconvincedmy employerto
advertdetailinghe could “burn”documentsonaCDat20shillings. launchathenbi-weekly,nowweekly
Within aweek, he had soldtheentire pack. AsoEbiBella featureontheirsite asit
“Sadly,Iwas asked by the ownersto stopselling the CDs,so Iquit. garneredmillionsof website views,it
They of coursewent aheadtoofferthe service… in fact,afewyears later, becamemy side hustle,” she says.
about halfthespace of thecyber caféwasconvertedinto anaccessories This fashion tech startuphas over
section.” 17 millionorganicweeklyimpressions,
Thatyear,Malande taught himselfwebprogramminganddesign, over1.5millionfollowersacross
registered SkylineDesign, got hisfirst twoclients beforethe endofthe socialmedia,whiletheirplatform,
year,andendedupincorporatingthebusiness into alimitedcompany. AsoEbiBella.com, has garneredover
Skyline DesignLtdis ayouth-leddesignfirmfocusedondesigning 600,000 page views inthe last 11
bespokewebsites andbrandsfor corporateclientssince2008. months.Thecompany has delivered
Currently,ithassix permanentemployees and 12 consultantswith campaignsandcollaboratedwith
activecontracts.Heandhispartnershavealso formed agroupof Nigerian andinternational brands
companies,four subsidiaries wereregistered andareoperationaland includingOrijin, Renaissance (now
six morebeingset upthis year. They turn over hundreds of thousands RadissonBlu) Hotelsand Unilever’s
of dollars each year. Sunlight detergent.
AdVoice BY SHIRO

SHIRO- NIGERIA’S LATEST FINE DINING SENSATION

S
hiro, or castle in Japanese, is a dra- One of the amazing things to note
matic soaring space that immedi- about Shiro is how the mood starts of
ately captures the imagination and with a cool and chic dining experience
stretches the senses. Its signature but transforms as the night unfolds. The
high ceilings and grand statues epitomize energy increases as guests watch the
the essence of Shiro - a place where the sophisticated restaurant transform itself
finest Oriental cuisine and fabulous into something akin to a club or lounge.
cocktails, coupled with the elegance and It’s impossible to ignore, and a pleasure
chic of the Zen-inspired interiors, present to the senses. Shiro has won a number of
a dining experience like no other. coveted awards in India for its spectacu-
Launched in India on the 1st Nov 2006, lar dining experience and nightlife, have
Inspired by the themes, cuisine and ar- hosted Celebrity Chefs from Master
chitecture from Indonesia, Thailand and Chef Australia at their outlets. Renowned
Japan, Shiro is the brainchild of entre- Chefs like Kiran Jetwa, Vikas Khanna, Vu
preneurs Sanjay Mahtani and Jay Singh Dinh Hung have curated exclusive menus
– also known for bringing the iconic for Shiro in the past.

26 June Syowia, 23, Kenya


Founder: Beiless Group
Hard Rock café to India in 2004 and
recently to Lagos in 2015. Their oriental
With roots in Lagos, it only made sense
for co-founder Sanjay Mahtani to launch
brand, Shiro, is lavishly done up in a color a Shiro in Lagos, especially after the huge

S
yowia loves innovating. She palette ranging from rust to caramel and success of Hard Rock Café Lagos. The
is rendered in a unique combination of team have successfully replicated the
co-founded a social venture in
natural stone, wood, bamboo and velvet. Zen-like atmosphere and vibe that exist
the slum area where she grew up
The interiors are complemented luxuri- in all Shiro outlets in India. Towering
immediately after finishing high ously by shimmering lotus pools, plush statues, subdued lighting, and soft fur-
school in 2013. It propelled her to discover furniture and subtle lighting while the nishings, complemented with the exqui-
the power of the internet in enabling small cuisine is a sumptuous array of Japanese, site range of signature culinary delicacies
organizations and businesses to scale up Chinese, Korean, Vietnamese and Thai from around East Asia will make you
through online sales and visibility. So, cuisines which tempt even the most believe that you’re in a diferent world.
while in her second year at university, she discerning palates. Shiro is known for Shiro not only prides itself on its sig-
attended a Google digital training class rendering an extraordinary Asian dining nature food, cocktails and ambiance but
that sparked her interest in technology experience to its guests. With a wide most of all its service. Shiro Lagos prom-
and digital advertising. After the training, range of sushi, sashimi and Cantonese ises to live up to providing excellence as
dim sum to choose from, Shiro ofers the it has done internationally for the last
she bought a laptop and pitched her
best of wines and signature cocktails with decade and to deliver the ultimate dining,
marketing services for free to friends.
an Asian twist; all of this combined with lounging and clubbing experience. Shiro
“One of them who owned a car bazaar exceptional service, which is at par with is not just a restaurant, not just a bar and
agreed and I did such a remarkable job he International standards. not just a club, It’s an Experience.
referred me to his friends,” she says.
In 2015, she founded Beiless,
a company that provides creative
advertising and technology solutions for
businesses. Services include online media
campaigns, social media management,
strategic online communication, digital
advertising and content creation. They
count Kikapu Online, Masaku 7s and
Tennis Kenya among clients.
Last year, she won the Global Student
Entrepreneur Award in Kenya, was
named one of 100 Brightest Young
Minds in Africa by BYM Africa 2017, was
named one of 100 Most Influential Young
Kenyans in 2016, and received the founder
of the year award nomination by The
Founder Kenya in 2016.
28 Abdellah Mallek, 28, Algeria
Co-founder: Sylabs

When Mallek was at university, he launched two


startups, a student mentoring platform and an e-tourism
platform, which failed. He didn’t let failure deter him.
A little over two years ago, he founded Sylabs, a startup
accelerator in the heart of Algiers, the capital of Algeria.
“This is a tech hub founded to foster the
entrepreneurial spirit among Algerians, by proposing

27 Obinna Okwodu, 27, Nigeria


Founder: Fibre
a bunch of services like trainings, working space, a
very large corporate network, mentoring, acceleration
and many more. In two years, we supported 21 small
Growingup,Okwodu spent alotof weekends at
businesses and startups to launch or grow their business.
building sites with his civil engineer father. He
developed a love for real estate, went off to study Ten of them were established in Sylabs and they created
at MIT where he was one of the co-founders of 39 full-time jobs in two years,” he says.
Exposure Robotics Academy, a six-week summer The company has five permanent staff and Sylabs can
robotics training camp that teaches secondary school reach up to 15 employees for big projects.
kids how to program robots.
“We raised $100,000 worth of sponsorship from
various companies for this and ran this program for
three years up until my graduation in 2014.”
After graduation, he worked with the real
estate team at Morgan Stanley in New York before
29 Yasmine El Baggari, 25, Morocco
Founder: Voyaj
returning home to Nigeria. He spent nine months
El Baggari is passionate about connecting Bank, research
looking for problems to solve, particularly where
people andbridging cultures. atHarvard
housing and technology were involved.
“After travelingaroundtheworld to University,andthe
“I found that the issue for most of middle class
50countriesandeveryAmericanstate, USStateDepartment
Nigerians was not solely one of availability of
welcomed in over150+homes,Iwas asaYouth Moroccan Ambassadorto
homes but that there was a big problem in terms of
inspiredtobringmy experiencestothe theUnited States.She has spoken at
accessibility. It was very difficult to find homes to live
worldthroughentrepreneurship,”shesays. international conferences,includingthe
in and it was also very tough to cough up two years’
She launchedVoyaj,anonline platform WorldEconomicForum,the MiddleEast
worth of rent upfront,” he says.
thatconnects people fromaroundtheglobe Studies Association,andObama’sGlobal
He realized this made it difficult for landlords to
for one-on-one meaningful exchanges EntrepreneurshipSummit.
make consistent cash flow from their assets. In 2016,
tofosterglobalunderstanding.Similarto El Baggari has also receivedtheRoyal
he founded Fibre, a real estate booking startup that
Airbnb,withVojaj,youcantravelasaguest AirMarocAwardfromtheAfrican
allows middle-income tenants to rent homes and
andwelcome othersasahost. Studies Association,HampshireCollege’s
pay monthly. The company employs 11 people, have
Forthepastfouryears,herreach $60,000 Awardfor Entrepreneurshipand
raised $630,000 in funding and have booked over a
has includedwork withtheWorld InnovationandtwoIngenuity Awards.
million dollars in tenant revenue.

30 Simba Mubvuma, 26, Zimbabwe


Co-founder: Lexware Inc

Mubvuma co-founded Lexware Inc., a tech company based in Zimbabwe growing as a leader
in innovative technological solutions for the legal profession in Africa. The idea of the company
began in 2014, when he and a university friend created a program called Lex Mobile, which
allowed law students to access court judgments and legislation from smart phones without the
need for the internet.
“This ensured that in a time where broadband coverage was limited and expensive, students
could still access key legal resources from their phones,” he says.
Today, Lexware focuses on increasing efficiency in legal systems, placing its clients as market
leaders in the various countries in which it operates. Over the past two years, the company has
worked with over 50 young freelance developers, creating opportunities for them to utilize their
skills in software development. They have done business with many prestigious law firms around
the continent.

40 | FORBES AFRICA JUNE 2018


2 Maria Borges, 25, Angola
Supermodel
This Angolan beauty was the first-ever model to walk the Victoria’s
CREATIVES Secret annual show in her Afro. Borges was born during Angola’s civil
war. At age 11, her mother died. She was raised by her sister only five
years her senior. Borges started modelling for a living. She took part in
the ‘Elite Model Look Angola’ competition in 2010 and grabbed the
attention of a local model scout who placed her in an overseas agency.
With dreams of following in the footsteps of her idol, Naomi Campbell,
it wasn’t long before she started making waves on the streets of New
York. She booked 17 shows in her first New York Fashion Week season
and became a Givenchy exclusive in her second season. She has also
walked the runway for Tom Ford, Balmain, Dior, Giorgio Armani,
Versace, Oscar de la Renta and Ralph Lauren. In 2016, she became a
global ambassador for L’Oréal.

3 Herieth Paul, 22, Tanzania


Supermodel

Paul was discovered at an open call at Angie’s AMTI, a model


agency in Canada. She signed with Women Management New
York in 2010 and was on the runway to success from there.
She has appeared in Vogue Italia, where she was a cover star,
i-D, Wonderland and Teen Vogue. She was one of three models in
the Tom Ford Fall/Winter 2013 campaign, photographed by
the designer himself. She also walked the coveted Victoria’s
Secret Fashion Show not once but twice, and has joined the
likes of supermodels Gigi Hadid and Jourdan Dunn as the face
of Maybelline.

4 Eddy Kamuanga Illunga, 26, DRC


Painter

Kamuanga Illunga’s work is


1 Thuso Mbedu, 26, South Africa
Actress thought-provoking and tells
stories about the Congolese
This Wits graduate raisedSouth Africa’s flaghigh when nation’s past, present and
nominated in the ‘Best Performance by an Actress’ category at future. He explores shifts in
the 2017 International Emmy Awards, for her role as Winnie on the economic, political and
Mzansi Magic’s TV drama, Is’thunzi. She made her on-screen social identity of the DRC
debut in 2014 in the Mzansi Magic drama series, Saints and since colonialization.
Sinners. Besides Africa, the
In 2014, she had a small recurring role in yet another Mzansi contemporary artist has
Magic soap Isibaya, before landing her a high-profile role as exhibited his works in galleries
journalism student and wild child Kitso on local soap Scandal! across the world, including
Mbedu has also starred as Ipeleng in the international TV series the Saatchi Gallery in London,
MTV Shuga. the Birmingham Museum
Under the mentorship of Amanda Lane, one of South Africa’s and Art Gallery, the Royal
greatest writers and directors, she is currently working on Academy of Arts in London
developing a feature film funded by the KZN Film Commission. and the Fowler Museum in
“Furthermore, I am editing the script of a series I wrote called Los Angeles. His work is also
iDRIVE. iDRIVE, a crime action series set in the digital space. It included in several important
is fast-paced and thought-provoking and I was fortunate to film collections. Business mogul
the pilot in April with money I received from my role as Ipeleng in Charles Saatchi resold one of
MTV Shuga.” Kamuanga Illunga’s paintings
She has also made her first international debut on the Danish for $93,000. His paintings cost
TV series Liberty. It seems there is no stopping her. an average of $45,000 each.

JUNE 2018 FORBES AFRICA | 41


5 Cassper Nyovest, 27, South Africa
Rapper, Entrepreneur

Cassper Nyovest, born Refiloe Maele Phoolo, loved performing


before huge crowds while in primary school, where he fought to
be on every play and show. Inspired by his late brother, Khotso
Motebang Phoolo, who was also a rapper, Nyovest signed a record
deal with Impact Sounds at just 17 years old. He produced hits like
Gusheshe, Malome and Mama I Made It. He has shared the stage
with international artists Kid Cudi, Kendrick Lamar, Nas, Wizkid
and Wiz Khalifa.
The rapper also started his own record label, Family Tree, the
Falz, 27, Nigeria
same year he released his debut album, Tsholofelo. His strings of
awards include the 2015 MTV African Music Awards Winner: 8 Rapper, Actor
Best African Hip Hop Act, 2015 African Music Awards Winner:
Best Sothern Africa Male Artist & Best African Hip Hop Award. Although he got his big break with the song Mary Me, Folarin Falana,
On October 31, 2015, Nyovest made history by becoming known as Falz started music when he was still in school. He released his
the first African artiste to sell out Ticketpro Dome, a venue debut album, Wazup Guy: The Album in May 2014, His second album
in Johannesburg. He is a 2018 nominee for the BET Best Stories That Touch came in 2015, while his third solo album 27: The
International Act Award. Album was released in October 2017. Mary Me earned him a nomination
in the ‘Best Collaboration of the Year’ category at the 2015 Nigeria
Entertainment Awards. In 2016, he accepted the International Viewers’
Choice Award from BET. He has appeared in a number of movies and
series. He is also the founder of Bahd Guys Records.
6 Stacey Gillian Abe, 27, Uganda
Multi-disciplinary contemporary artist
Orapeleng Modutle,
29, South Africa
Abe describes herself as
“reserved”. Her work highlights 9 Fashion designer,
the strengths and fragility of Founder, Orapeleng
the female mind. It attempts to Modutle Style Avenue
critique stereotypical depictions
of her as a black woman.
“My passion started from the This fashion designer is
need to express myself more, quickly becoming one of
I am not an introvert but a bit the most recognizable
reserved,” she says. names in South Africa.
She found it easier to express He showed creativity from a young age. His mother and grandmother
her thoughts, document her used to do needle work and he joined them as a hobby. He followed his
experiences and put down her imagination through art. It all started with passion and studied Fashion Design at Tshwane University of Technology.
painting and drawing in high school in 2008. “I then interned for various fashion houses during my years of study and
“From that, I grew fond of art as a form of expression. I made a decision Stoned Cherie was one of them. Nkhensani Nkosi provided me with a lot
to continue with it at university in 2010. A huge part of my practice now of business knowledge and skills when it comes to fashion and after that I
revolves around highlighting complex situations as autobiographical was amped to start my own,” he says.
documentations of past and continuous experiences. I like creating room He founded and established Orapeleng Modutle Style Avenue which
for dialogue...” has gradually grown into a budding fashion empire based in Brooklyn,
In her multi-layered glass art, video and performance installations, she has Pretoria. He has dressed such names as Bonang Matheba, Thando
examined the unconscious thought processes to question, highlight and Thabethe, Minnie Dlamini, Pearl Modiadie and Nigerian media darling
raise awareness on behaviour and character that influence and make up Toke Makinwa.
an individual.
Abe has shown her works for various exhibitions including at Institut
Français de Kinshasa, Circle Art Agency in Nairobi and the Johannesburg Nomzamo Mbatha, 27, South Africa
Art Gallery. 10 Actress
Mbatha went from a talent search competition to being arguably the fastest-
growing brand and celebrity in South Africa. She is a television actress on
Yemi Alade, 29, Nigeria
7 Singer, Songwriter
shows like Isibaya and Umlilo; a film actress on Tell Me Sweet Something,
The Jakes Are Missing, All About Love and A Hotel Called Memory. In 2015,
she joined the likes of Kerry Washington and Jennifer Garner as the face of
Alade’ssongswill makeyouwanttodance.She singsin English,French,
Neutrogena. Her career continued to grow and she caught the eye of PUMA
Swahili, Portuguese andPidgin English connectingtomost partsof
South Africa who signed her on as an ambassador alongside Usain Bolt and
theworld. Hersong Johnnyhas beenviewedover89 milliontimes on Rihanna. In July 2017, L’Oreal South Africa signed her as their ambassador
YouTube,competingwithinternational artistes.Shehaswonnumerous for their haircare range. She is also an ambassador for AUDI South Africa and
awards,among themtwoMTVAfrica Awards.She travels the world the United Nations High Commissioner for Refugees. She is adored by her
performing and telling African stories through song. fans as a style icon.

42 | FORBES AFRICA JUNE 2018


Joyce Jacob, 28,
11 Kwesta, 29, South Africa
Rapper, Entrepreneur
Nigeria
Founder: Joyce
Kwesta is one of the biggest names in African hip hop. He Jacob Beauty
burst on to the music scene with the release of his debut single
Shap Fede when he signed to Buttabing Entertainment an Arenowned celebrity
independent record label founded by Skwatta Kamp. Since
makeupartist with an
then, he has released a quintuple platinum hit single Ngud’
eyeforstrikingdetail,she
, which is one of only two hip hop singles to have summited
the South African radio airplay chart and appeared on Sway launchedJoyce Jacob
In The Morning, topping the Top 5 Freestyles of 2017. He is Beautyin 2009.She has
an advocate for South African music, an intellectual property workedonthesets of many
activist lending his voice to the fight to protect music copyright localandinternational
in the digital age, a record label owner, hit-maker and a musicvideos,magazine
lyricist who holds the crown as not only the most-awarded photoshoots andTV
rap artiste, but also, male artiste in the history of the South commercials.
African Music Awards. He created history with his double- “Thevisionbehindmy
platinum 2016 double-album, DaKAR II (The Second Coming), brandis toempower
setting the record for the most Platinum singles in a South
African album. Kwesta was named MTV Africa’s Hottest MC of 14 womenof allages,of all
backgroundsandraceto
2017, Best Selling Artist at the 6th Annual SA Hip Hop Awards
feelbeautifulatalltimes
and received the Song of The Year Award for his Ngiyaz’fela
Ngawe feat. throughthepowerof
beautyandmakeup.Partof thatvisionis tohaveapremium line allwomen
canuse and createatruly authenticAfricanbeauty brand,”she says.
Someofhernotableclientele includesformerBritish firstladyCherie

12 Davido, 25, Nigeria


Singer, Songwriter
Blair,AfricanbillionaireFolorunso Alakija,AngelaSimmons,Alek Wek,
Angelique Kidjo and Wizkid, among other notable names.

DavidAdeleke,popularlyknownas Davido,hasscaled heights injust six


years.His firstsingle in2011plantedhim firmlyinthe musicbusiness
andDami Duro,recordedin thesameyear,wasthecrown jewelfor his
acclaimed 2012debut studioalbum, Omo BabaOlowo.It madehima
householdname.
“It waspeople like[Nigerian musicveterans] P-SquareandD’Banjwho
mademebelievethatall this was possible,”he saidinan interviewwith
FORBES AFRICAlast year.
Hehas many accoladesincludingtwoMTVAfrica MusicAwardsand
theBET Awardfor‘BestAfricanAct’. Hehasalso worked withMTN,
Guinness,Unilever and hasmillions ofviews onYouTube. Davido has
collaboratedwithYoung Thug,Future,Trey SongzandRaeSremmurd,
and has toured the world. He is a 2018 BET Award nominee.

Shekhinah, 23, South Africa


13 Safia Elhillo, 27, Sudan 15 Singer, Songwriter
Author, Poet
After singingandperformingfor many years throughouther childhood
and early teens,you mayhavefirst seen this faceon IdolsSouthAfrica
Elhillo is the author of The January Children, a deeply personal Season 7whereshemadetheTop32.After beingeliminated fromthe
collection of poems describing the experience of navigating the competition, shere-enteredthecompetitionthefollowingseason. This
postcolonial world as a stranger in one’s own land. time,the teen landed inthe Top 6.At just 17years old, shemadeamark.
“The January Children are the generation born in Sudan under In 2016,shehad twonumber onehitsinglesunderher belt – namely
British occupation, where children were assigned birth years by BacktotheBeach, featuring Kyle Deutsch (also aformerIdols’
height, all given the birth date January 1,” she writes in her dedication. contestant)and LetYou Know.Back to the Beach was achart-topper
In addition, Elhillo received a special mention for the 2016 Pushcart and won‘BestPop &Alternative’ at the MTV AfricaMusicAwardsin
Prize, and is recipient of the 2015 Brunel International African Poetry 2016.Showcasing hersong writing skills,shealso featured on YourEyes
Prize, and the 2016 Sillerman First Book Prize for African Poets. She withBlackCoffee,Breathing withJesseClegg,On It withDJ Sliqe.
has received fellowships from Cave Canem, The Conversation, and In September,shereleased RoseGold, agold certifies albuminfused
Crescendo Literary and The Poetry Foundation’s Poetry Incubator. withtherealities of twenty-something anxieties andvulnerabilities.
Her work has been translated into Arabic, Japanese, Estonian, Shekhinah, bornShekhinah Thandi Donnell, recentlycompleted a
Portuguese, and Greek, and has been commissioned by Under MusicPerformance degreeattheSouth African School of Motion
Armour and the Bavarian State Ballet. Picture Medium and Live Performance.

JUNE 2018 FORBES AFRICA | 43


Nasty C, 21,
Adebayo Oke-Lawal, 28, Nigeria 19 South Africa
16 Fashion designer, Founder of Orange Culture Rapper, Producer

Oke-Lawalhasbeendesigning clothessincethe ageof10. Hefounded


Orange Culturein2011after working withseveral Nigeriandesigners to
turn hisunique vision offashion into reality. Nsikayesizwe David Ngcobo, better known by his stage name Nasty
“Thelabelis morethanaclothingline,it is a‘movement’thatoffers C, has been rapping since he was nine years old, influenced by his
universal silhouetteswithanAfricantouchtoacreativeclass of men, brother who was a producer at the time. His single, Juice Back, and
translatinginto aheady mixtureof Nigerian inspiredprint fabrics, the ensuing remix featuring Davido and Cassper Nyovest, made him a
colour andcontemporaryurban street wear,”hesays. household name.
Hehas also workedasafashion editorfor Wow Magazine,hasstyled In 2016, Nasty C delivered his debut album, Bad Hair, and gave it
numerouscelebritiessuch asKateHenshaw,Rita Dominic,Munachi away for free. The critically-acclaimed award-winning commercial
Abii,LalaAkindoju, Ice Prince andhas doneeditorialworkfor re-release, Bad Hair Extensions, featured four new tracks, including a
magazineslike Vogue ItaliaandNataal.The labelhas collaboratedwith collaboration with US rap artist, French Montana.
numerousbrandssuch asHuawei, DennisOsadebe,Rokus Londonand Last year, he won the Record of The Year award at the South African
Music Awards and in 2015, accepted the South African Hip Hop Award
Maxivive.
for ‘Best Freshman’.
Healso launchedasocialresponsibilityproject calledpaintingyour
Currently, the 21-year-old rap luminary, who recently inked a deal
dreamswerehe inspiresyoung peopleto believeinthemselves. with Universal Music Group, is putting the finishing touches on his
Hehaspartneredwith Nigerianartiste Davidodesigning alimited sophomore album due later this year.
edition collectionsoldexclusively atSelfridges. Amongmany accolades,
thelabelwasselected in 2015by Louis Vuitton andMoetHennesseyfor
theirfirst-ever LVMH prize as one ofthe 20finalists selectedfromover
Beverly Naya, 29, Nigeria
1,221 brandsall over the worldinParis.Last year,he showed forthe first
time ontherunwaysatLondon Fashion Week. Thebrandis currently
20 Actress, Entrepreneur
stocked inLagos,Paris,London, NewYork, Hollywood and Kenya and
Naya is an award-winning actress and budding entrepreneur. She studied
has plans to stock in many more stores. script-writing and film-making at the University of Roehampton in the
UK before relocating to Nigeria to join the Nigerian film industry.
She has acted in a number of well-received movies including When Love
Happens, Before 30, Something Wicked, Catch.er, In Sickness and Health
Wizkid, 27, Nigeria
17 Singer, Songwriter
and The Wedding Party 1 and 2. She has also done theater in London
and Nigeria, among them Stoning Mary and Crave (Psychosis 4:48).
Naya is a brand influencer and has won many awards for her craft. Early
Wizkid is arguably currently runningthe worldof Africa music. The 2018, she produced her first project under her company Be Naya LTD, a
Nigerian singerandsongwriter is spreading theAfrobeat soundto documentary titled Skin which focuses on colourism and empowering
theworld. Heco-wroteandco-produced One Dance,Drake’sHot people to love themselves as they are.
100-topping hit,has signedamulti-album worldwidedeal withSony
MusicInternationalandis aPepsiambassador.WizKid, bornAyodeji
IbrahimBalogun,madehismark with Holla AtYour Boyin 2010and Simphiwe Ndzube, 27, South Africa
hassince wonmany awards,amongthemthe BET AwardforBest
InternationalAct Africa in 2012andMTVEurope MusicAwardfor
21 Visual Artiste
Best Worldwide Act. His rise to famestarted with singing inchurch
Ndzube has always had a love for art.
attheageof 11beforecollaboratingwithM.I in the award-winning
In the early stages of his career, he told
FastMoney FastCars in 2009.HenowhangsoutwithAkonandChris stories inspired by the struggles faced
Brown andhas workedwith Rihanna, French Montana, Trey Songz, by township residents, specifically in
Tinie Tempah and Wale. Masiphumelele where he grew up.
“I’ve always been involved as a creative
growing up, taking formal and informal
Koleka Putuma, 25, South Africa art classes, dancing, and then later going
18 Poet, Author to art school. Art School gave me the
confidence and a bigger perspective of
Putumagrabbed theworld’sattention withher poem Water,athought- the art world and that’s how I went in,
provoking piece of writing andchallenging performance onissues of race often times blindly,” he says.
His work has earned him many
and religion. She’sapoet,director,playwrightand author.Her bestselling
accolades including the Tollman Award
book,Collective Amnesia,is powerful, intersectionaltext thattacklesrace, for Visual Arts in 2015 and a Michaelis
sexuality,class,politics,andpoetry.Author Lawrence Schimel described Prize at the Michaelis School of Fine Art.
it asthemost excitingbook hereadlast year.Collective Amnesia has His recent work has evolved beyond
beenprescribed attertiarylevelandmadepart of thecurriculum.Her the socio and political context of South
poems demand justice,insist onvisibility andoffer healing.Herplays Africa to include influences from books
includeUHM andMbuzeni,Ekhayaand Scoop,thelatter aretheater such as Ben Okri’s The Famished Road,
productionsforyoung audiencesunderthe age ofseven. Her workhas Haruki Murakami’s Kafka on the Shore
traveledaroundtheworld, withher poetrywinning prizes such asthe and Zakes Mda’s Ways of Dying. Now
2014NationalPoetrySlam Championship and the 2016 PEN South Africa based in Los Angeles, he has secured his
Student Writing Prize. next solo show in Shanghai.

44 | FORBES AFRICA JUNE 2018


Rina Chunga-Kutama, 29, South Africa
22 Fashion designer
Chunga-Kutamais adesignerof note.Thefounder of theAfrican
brand,Rich Factory,her journeyinto thebigworld of fashion started
as ameansto makeextramoneyto payher university fees.Today,the
Zambian-born, Botswana-raisedandSouth African-based designerhas
dressedmany celebritiessuch asSouth Africanmusician Zahara and
actresses Terry Pheto and Nomzamo Mbatha.

Kemiyondo Coutinho,
28, Uganda
Playwright,Actress,
23 Filmmaker,
Mapeseka Koetle-Nyokong, 29, South Africa
Entrepreneur
25 Actress, Entrepreneur
Coutinho is a woman of
many talents. You may recognize this face as Dintle on e.tv’s Scandal!. The award-
“As an African woman, winning actress fell in love with performing arts at an early age. She
the narratives I was fed started performing on-stage plays at 13 years old. After studying
all upheld a stereotypical, acting, she bagged a leading role in Second Chances; she also
singular story or view of appeared in several national commercials for products like ABSA,
what it means to be both Joko, Vodacom and Suzuki. In 2012, she landed a role in a stage
African and a woman,” she play called Show Off. This bubbly 29-year-old creative is also an
says. entrepreneur. She recently opened a Gorge Grab n Go Café franchise
It inspired her first piece of at the Sandton Gautrain station in Johannesburg.
work at age 17.
“My first piece of writing
at the age of 17, took those Sonia Irabor, 28, Nigeria
ideas apart and dismantled them giving voice to the women whose
concerns were not being heard. Since then, I have written more
26 Writer, Filmmaker, Actress
plays, more films, started performance platform all with the aim of After spending time as a writer and PR guru, Sonia Irabor enrolled
deconstructing the societal structures put in place to silence my at the prestigious Drama Studio London where she trained for two
narrative,” she says. years. Since then, she has appeared in a number of classical plays
One of her works was writing, directing and acting in a short film such as her critically-acclaimed work as Helen of Troy in Trojan
that deals with Ugandans’ attitude towards women wearing mini-
Women, and the Tanya Ronder play, Table, where she played three
skirts. She is also the founder of Kemistry Klass, an arts organization
aimed at using arts to create change. Here, she teaches, acts, characters in the two-hour production. She is also a screen and
directs, writes and produces projects that all aim at vocalising stage writer most recently known for her work as a co-writer on
silenced voices. the hit Red TV series, Inspector K, now in its second season. She
Just recently, she was selected as one of the recipients of Kevin is currently working on her debut feature film under her newly-
Hart’s Laugh Out Loud Filmmaking fellowship for her script on founded production company, Sonic Boom Media.
immigration in America. As a result, according to Coutinho, Kevin
Hart will produce her next film.
She has held roles in music video production, filmmaking, event Tony Gum, 22,
production and event curation. 27 South Africa
Visual artiste

Sarkodie, 29, Ghana


24 Rapper, Entrepreneur
This multi-talented creative is a
must-watch. Dubbed Cape Town’s
BornMichael OwusuAddo, Sarkodie,started outasanunderground “coolest girl” by Vogue, she won the
rapper,whichhelped himmeet withDuncanWilliams,who helped prestigious 2017 Miami Beach Pulse
Prize for her Ode to She photographic
launchhiscareer.
exhibition. She got an opportunity
Hehasbeen namedone ofthe hottest hip hopMCsinAfricaby both to display this work at the Pulse Art
MTVandTheGuardian.Staying trueto his identity,he isabigadvocate Fair in Miami. Represented by the
of Azonto,aGhanaian genresaidtohavebeenbornoutof Kpanlogo,a Christopher Moller Gallery in South
traditional dance.In2009, he releasedhis debutalbumand firstsingle, Africa, Gum’s work is colorful and
Baby,featuring Mugeez of R2Bees. vibrant. Her famous black Coca-Cola
In 2012,hisalbumRapperholic earnedhim hisfirstBET nomination. In series, and her thought-provoking
2013,he launchedhisclothingline Sark by Yas.Helaunchedhisrecord self-portraits have earned her a place
label, Sarkcess Music. In 2014,hissingleMewu sold almost 4,000 copies on the world stage with exhibitions as
on the first day of its release in Accra. far as New York.

JUNE 2018 FORBES AFRICA | 45


From the 30 Under 30
CLASS OF 2015/17
Clarisse Iribagiza, 30, Rwanda
Founder, DMM.HeHe Ltd
Three years ago, Iribagiza made it to the FORBES AFRICA
30 Under 30 list. She founded a research and innovation lab
company in 2010 called HeHe Labs. Still driving Rwanda’s
booming tech industry, she is also currently pursuing an
ANATII, 25, South Africa

Photos by Motlabana Monnakgotla; Photos supplied; Photo by Y Krache; Photo by Eleanor Goodey; Photo by Jared Siskin/Patrick McMullan via Getty Images
28 Producer, Writer, Director, Artiste
MBA at the African Leadership University whilst raising her
17-month-old baby girl.
Anathi Mnyango, popularly known by his stage name, ANATII, is one of the Iribagiza tells FORBES AFRICA HeHe Labs rebranded to
most sought-after South African music producers. He is an Afro-Neo Soul DMM.HeHe, when it joined the DMM.com Group, a leading
artiste – also known for his multilingual complex lyrics, internal and multi- Japanese technology conglomerate, in 2017.
syllabic rhyme scheme. He has worked with the likes of DJ Khaled, Erykah “We currently serve over two million users across Africa,
Badu, Omarion, Wizkid, Tiwa Savage, AKA and other local and international
empowering businesses to ofer their products and services
artistes. His hard work has earned him multiple national and continental
nominations and awards. He is a multi-platinum producer, has charted on on-demand and guaranteeing great customer experience
iTunes/Apple Music in over 23 countries, I was GQ South Africa’s Best Dressed to the last-mile,” she says. Iribagiza now employs almost 50
Men in 2017. ANATII is also an ambassador for the PUMA South Africa RUN full-time employees.
THE STREETS CAMPAIGN, ambassador for Courvoisier Lumiere and the
United Nations High Commissioner for Refugees.

Jean Bosco Nzeyimana, 25, Rwanda


Founder, Habona Ltd
29 Sasha Pieterse, 22, South Africa
Actress, singer-songwriter When Nzeyimana
was on the FORBES
One of the biggest actresses to come out of South Africa, you
may know her from her role as ‘Alison DiLaurentis’ on the AFRICA 30 Under 30
ABC Family show Pretty Little Liars. She is set to return in the list last year, he was
show’s spinof, Pretty Little Liars: The Perfectionists next year. only 24 years old.
Pieterse is also a musician. She released four country singles in “Being featured
2013. This South African-born is currently in the US version of boosted my visibility,
Dancing With The Stars. and ever since, I have
been receiving emails
and calls from people
and organizations
Tania Omotayo, 26, Nigeria willing to partner with
Model, Entrepreneur us in many ways,” he says.
“The feature also added more credibility – an important
Omotayo is creative director of a thing for any entrepreneur,” he tells us today.
fast-growing fashion brand, Ziva The company he founded, Habona Ltd, ofers
Lagos. With a dedicated in-house
afordable environment-friendly services and energy fuels
design team, her collections are on
trend. in the form of biomass briquettes and biogas waste.
“Ziva Lagos is dedicated to boosting “The growth has been steady but conservative, as we
the Nigerian trade and labor market. want to jump high up after finalizing our research,” he
Hence all fabrics are locally sourced says.
and the clothes designed and
Nzeyimana has also had the opportunity to be a
produced in Nigeria.”
The brand is becoming the go-to for panellist at the Africa 2017 Business Conference in Egypt.
the creative industry, being featured He has also co-founded an organization called Kitabi
in music videos, magazines and Ecocenter in his hometown aimed at promoting nature
even a movie. Since its inception in conservation through eco-tourism.
December 2016, it has had a number
“So far this business has been self-sustaining, and we
of successful pop-up sales. In June
30 2017, Ziva opened its first store in the
heart of Lekki Phase and launched
want to build on the lessons learned to build more eco-
centres across Rwanda and beyond,” he says.
their second store early this year.

46 | FORBES AFRICA JUNE 2018


‘THE DAVOS OF
AFRICA’
The inaugural Africa Investment Forum in
November in Gauteng aims to accelerate
Africa’s development and close the annual
$67 billion to $107 billion investment deicit.
BY KAREN MWENDERA AND METHIL RENUKA

F
rom November 7-9, Africa Inc. will with the problem of lack of electricity, make
convene in South Africa’s Gauteng sure there is a lot more investment to allow
Province, the continent’s seventh trade to happen. Africa could contribute a
largest economy, for the inaugural lot more be it rail, ports, national highways
Africa Investment Forum (AIF). IT MUST BE or aviation. It has to change lives on the
An initiative of the African Development BUSINESS ground and quite honestly, when people ask
Bank (AfDB), it was announced in May if I am an Afro-optimist, I say I am a very
in Johannesburg by AfDB President UNUSUAL. proud African.
Akinwumi Adesina with Gauteng premier Africa is a beautiful place and has
David Makhura. In a sit-down interview with FORBES tremendous potential so we shouldn’t
“It will be the continent’s first-ever AFRICA, the AfDB president shared more always just talk about the potential because
investment market place,” said Adesina, about new investments, and the bread nobody eats potential.
formerly Nigeria’s minister of agriculture. baskets and Silicon Valleys of Africa: We have to unlock that potential. So that
“South Africa is open for business again, is what the Africa Investment Forum is all
and as Gauteng, we are ready to host the How will AIF take Afro-optimism and about. Be it oil, gas, minerals or agricultural
forum on behalf of not only South Africa, the African growth story further? commodities, Africa is awash with rich
but for Africa,” said Makhura, calling the African economies have been growing resources.
forum “the Davos of Africa”. relatively well in a very diicult global The question is how to turn them into
A platform to close Africa’s investment environment. Despite the global economic real dividends with significant amounts of
gap, it will be “a game-changing” initiative. downturn, in 2016, they grew at roughly revenue that allow a better quality of life for
“It cannot be business as usual, it must 2.2%; in 2017, they grew at 3.6%. In 2018, the people. For that, you need to deal with
be business unusual,” said Adesina. they are projected to grow at 4.1%. And the infrastructure deficit.
With Africa’s population set to be two that’s still above the global average. We used to say it is about $15 billion.
billion by 2050, its development needs will So Africa’s head is above the water. But But that has changed. The AfDB recently
require an estimated $600-$700 billion per it’s more than about keeping your head released the African Economic Outlook
annum. So accelerated development will be above the water that matters, it ‘s about report and the deficit is anywhere between
the forum’s focus. how fast you can swim. Africa needs a lot $67 billion to $107 billion every year, so
“The forum will be 100% transactional. of oxygen to do that. And that means a lot which means we must do a faster job
There will be no political speeches. The of firepower in terms of capital to close the pulling capital together because the rest of
only thing allowed will be transactions, infrastructure gap. the world is not waiting.
transactions and transactions,” said Adesina. To be able to drive millions of people
In attendance in November will also be out of poverty, Africa should be growing at How long will it take to close that gap?
African heads of state who will be present double digits. I think within the next decade. But it’s
as the CEOs of their countries. To be able to do that we have to deal going to take a lot of work…

48 | FORBES AFRICA JUNE 2018


FORBES AFRICA

FOCUS – AFRICA INVESTMENT FORUM

make their money on this continent, and


What about the youth dividend; what are that’s already a strong signal. Aliko Dangote
the future industries to tap? makes his money in Africa.
Africa is at the very top in fintech and So we are going to get them involved on
mobile money… but as we look at new types the Africa Investment Forum because it is
of industries, we have to look at them in the trying to send a message to the world that
context of the fourth industrial revolution… we have African businesses that are viable
Akinwumi Adesina
I get excited when I see the youth in Africa businesses making money and doing well
well-educated; they are all on social media, on the continent; so putting capital to help
know how to use apps, which means they them expand can help them become global
already have a leg up. So the key is how to multi-national companies…
re-tool them to operate in that kind of a new
economy. The AfDB is doing that in three And investing in African entrepreneurs?
ways already. First is we have signed up a The issue for entrepreneurs is finding
joint program with Google and Microsoft them, nurturing them and then putting the
to help develop young talented Africans financial backing behind them to thrive.
in computer technology. We as a bank are Africa has a lot of young people. Every day,
already investing in technology parks in David Makhura I wake up I read about a young person
Cape Verde, Angola, Kenya, Senegal, and doing so well. So the best investment that
Rwanda. These are technology parks where Africa can make is to put its capital at risk
you can have the ICT industries emerge; heavily in the ICT industry to give their on behalf of its young people. Because when
almost like trying to create the Silicon countries the platforms they need in the you see a young person walk into a financial
Valleys of Africa. knowledge economy. institution, all you see is risk, risk, risk. We
When it comes to the new economy, The second is the food and agriculture have to change that and try and see creativity,
you have to start early. We have a program industry. Africa has a lot of oil and gas, but innovation and entrepreneurship. So that
trying to create 250 coding centers nobody drinks oil, nobody smokes the gas. way we can put your money at risk to make
in Africa where you get people with Food is the future. The size of the food and them more creative, more innovative and
computational knowledge to do coding agriculture industry in Africa is going to be unleash their entrepreneurship capacity.
services that can help in this new world we $1 trillion by 2030. This is where the wealth That is why at AfDB, we have a program
are moving towards. We are also investing is supposed to come from. helping to invest in the early-stage businesses
in universities for science and technology Unfortunately, in Africa, we always walk of young people... We have a program set up
across Africa to create this new scientific past gold. Just imagine you are seeing gold, with the European Union called Boost Africa
human capital… We need to give African and you see it as dirt and don’t recognize it. to invest in young people.
youth the skills they need for the jobs of the That’s the power agriculture has… The food The other thing we are doing is helping
future, not for the jobs of yesterday. business is the biggest business. Agriculture unleash entrepreneurship in the food and
is not a development sector, it’s not a agriculture industry. The bank has a program
What then are the new wealth social sector, it’s a wealth-creating sector. targeted at getting young graduates, medical
generators? Agriculture is a business and Africa needs to doctors, engineers…who are all going to
If you look at where the money is going fully unlock that potential. agriculture as a business. Last year, AfDB
in Africa, it’s not actually going into oil, gas If you look at the amount of arable land invested over $860 million in that program
and natural resources. Most of the Foreign left to feed nine billion people in the world for about eight countries. Going forward, we
Direct Investment (FDI) is going into the by 2050, it is not in Europe, Latin America, expect to invest $1.5 billion dollars every year
Photos by Karen Mwendera

service industry, at least 64%, and also the Asia, or the US, it’s in Africa – 65% is right in that program for the next 10 years.
financial services sector; maybe about 27% here. What Africa does with agriculture will I really think unless we change the
goes into the manufacturing sector. So determine the future of food for the world. mindset, the labor composition of the
these are the big sectors where you see a agricultural sector and create a new dynamic
lot of FDI. But there are two sectors very How will Africa’s billionaires and group of entrepreneurs in the food industry,
important for me. One is ICT, because this capitalists help achieve these goals? we only will have old people left in it.
is going to be the driver of the economy. If you look at the high-networth- Every university in Africa needs to make
It’s very important for countries to invest individuals in Africa, the majority of them entrepreneurship compulsory.

JUNE 2018 FORBES AFRICA | 49


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Enoch Gama at home with his wife Kitty; (opposite
page) The Hector Pieterson Memorial in Soweto
featuring the image taken by Sam Nzima

SOWETO BURNING On June 16, it will be 42 years since South African policemen
gunned down scores of schoolchildren in the ‘Soweto Uprising’. It
was a day that shocked the world and will be forever seared into
the mind of 83-year-old journalist Enoch Gama.
BY CHRIS BISHOP

H
is face contorts slightly as he, had his own car. He knew serious trouble “They ran to my car. Tsietse said ‘hey!
slowly, but painfully, returns was building. Many of the schoolchildren Soweto is burning – it is bad, it is very bad,
through the murky mist of involved used to call him “Bra E” and held just stay ahead of things. Hide if you can
42 years. His hands tremble him in high esteem. hide because there is going to be trouble
with emotion as he relives horrific images “I just knew the previous night the tonight. If the police shoot, we are going
lodged in the corners of his mind. The people were uneasy as if something was to answer with petrol bombs’. This was
birds singing in the blue sky over the idyllic going to happen, some people didn’t something new in Soweto.”
garden of his family home in Roodepoort, go to work. You had people like Tsietsi The mood turned ugly when news
Johannesburg, contrasting with the moody, Mashinini, Seth Mazibuko and other filtered through the crowd in Orlando
mean, streets of the Soweto of yore. student leaders coming to your house. I that police had shot dead a young student,
Eightythree-year-old Enoch Gama lived was always ahead of what was happening,” Hector Pieterson – a bloody killing
the slaughter of scores of schoolchildren recalls Gama. captured for eternity by the famous
on that fateful winter’s day in Soweto in On the morning of June 16, Gama was photograph by Sam Nzima that he
1976. It was his job to be there as a reporter out driving through the tense streets of smuggled out through police lines to make
for a Johannesburg newspaper and he Soweto and saw a big crowd approaching. the front pages everywhere from New York

52 | FORBES AFRICA JUNE 2018


FORBES AFRICA

FOCUS – 1976 SOWETO UPRISING

to Sydney the next day. “Winnie Mandela, she was very young,
“When people heard it was Hector, they she used to come to the oice and was
were very angry. They armed themselves very friendly with reporters. The gangsters
with Molotov Cocktails and started respected Winnie,” says Gama.
throwing these petrol bombs recklessly. Gangsters and guns were another part of
They were just mad,” says Gama. newsroom life at the City Post. Gangs ruled
The birds outside tweet, many of the Johannesburg streets in the
incongruously, as Gama’s face darkens 1950s – the Spoilers, the Americans and the
with the deepening story. Msomi gang.
“I can still see the madness in their faces Their leaders used to waltz in of the
and their anger. They didn’t know what to street with wide-brimmed hats and long
do,” he says. fine coats looking more Chicago than sub-
“I saw a burning body thrown into a Saharan Africa. Often, they carried small
dustbin. I couldn’t stand it I had to drive “baby brown” pistols, sometimes concealed
through. There were moments when I in a bandage, to intimidate journalists for a
thought I wasn’t going to make it. It was number of sins.
diicult to see where the students were Meer and journalist GR Naidoo. It could be to force them to stay away
coming from. They were coming out of An elderly woman living below called from their girlfriends or stop writing about
buildings with Molotov Cocktails and some the police complaining of the noise; the them or start writing about them. Often a
carried dustbin lids as shields. Among the police, who suspected the party was a gun up the nose proved mightier than the
leaders were very young people. The real front for a political meeting among people pen, until one day.
fighters were the little girls – they were of color, encouraged her to press charges. “One day, they came and they found
ready to die.” They arrested 27 partygoers including the deputy editor having a meeting with
Among them, Susan Shabangu, who Gama and threw them in the cells. the reporters. The gangsters introduced
spent months on the run in the clampdown The court case turned into farce. The themselves and the deputy editor Henk
that followed; like many of the survivors, elderly lady, in her 70s, complained that the Margolis, an American brought in to work on
she escaped into exile to fight the struggle partygoers had banged the floor above her the paper, says: ‘Gentlemen, can I help you?’
and ended up as her country’s mining and as they danced. In court, the judge asked the “They pointed a gun at him, Henk noticed
social development minister. lady to demonstrate the dance. There were this and was not scared. ‘If you think you
It was a horrific chapter of a rich titters in court as ushers cleared the chairs can intimidate me you are wrong, I was born
Photo by Keabetswe Disemelo / Frédéric Soltan via Getty Images

career that saw Gama, the son of a Baptist away and the lady did a high-stepping in Chicago, so I have no time for small fry’.
minister, born in Durban in KwaZulu-Natal, dance. The judge ruled she hadn’t made That day we thought there was going to be a
work his way from reporting the courts suicient noise to convince him, yet Gama showdown. Henk grabbed hold of the leader
in his hometown to working on a national and his colleagues were held to have been a and pushed him outside. That was the last
newspaper. He joined The Post in Durban public nuisance. time the gangs came to the oice,” says Gama
through a friend, who was a reporter on the Gama secured a job on the City Post, with a smile.
paper, called Duke Ncobo. amid the bright lights and jazz of 1950s It turned out that thugs in police
“The newspaper wanted a young cub Johannesburg and arrived at Park Station uniforms proved to be Gama’s downfall. He
reporter and suggested I should write two with nothing but a suitcase. A van from the was arrested numerous times and ended
stories for the editor. He read them and newspaper picked him up to take him to the up spending nine months in prison. He
looked at me, and said ‘did you write this or newsroom buzzing with young journalists. went into exile in the United States and
did someone write this for you?’ I said ‘no’. “You must pretend to be one of them, with his wife of 56 years, Kitty, he was a
He said ‘go to Mr Ncobo’, who said ‘I think otherwise they will give you a hard time,” prime mover in the divestment campaign –
the editor likes you’!” chirped the driver. encouraging US firms to pull out of South
His first arrest came in bizarre fashion. These were colorful and chaotic times Africa – that helped usher in the end of
Ncobo invited the young Gama to a party for young black journalists at the City apartheid.
in a block of flats in downtown Durban Post. A regular caller with stories was a A system that stoked the fiery horror of
belonging to the leading lights of the young and vivacious social worker called June 16 that people who were there will
African National Congress including Fatima Winnie Mandela. never forget.

JUNE 2018 FORBES AFRICA | 53


FORBES AFRICA

TRIBUTE - SAM NZIMA

FAREWELL TO THE
ICON BEHIND THE
CAMERA
Sam Nzima was 42 when he shot the iconic
image of Hector Pieterson. His death, 42 years
on, is a reminder of how he forever redeined
South Africa’s apartheid narrative.
BY FRED KHUMALO

I
n human history, iconic moments are messages as: AWAY WITH AFRIKAANS; down by government edict.
few and memorable. And it is because WE ARE BEING CERTIFIED BUT NOT In 1996, Nzima paid a courtesy visit to
they are memorable that we can’t but EDUCATED. the oices of the Sunday Times in Rosebank,
celebrate them. It did not take long before students where I was assistant news editor.
For Martin Luther King Jnr, the iconic started bursting forth into the streets, He was almost in tears when he said:
moment was the I Have a Dream speech he singing and waving their placards. “When we were starting out back in the late
delivered during a march on Washington At the corner of Moema and Vilakazi 1960s, we were not allowed to work at The
DC on August 28, 1963 that inscribed his Streets in Orlando West, they were Star, which was a white newspaper. Now
name forever in the history books of iconic intercepted by the police. Bullets rang out. you boys are actually sitting on the news
oratory. It was during those few minutes of desk, assigning white reporters! Freedom
For the world of boxing, the moment intense drama that Nzima snapped away a has finally arrived.”
was when, in 1964, Cassius Clay (later series of pictures including the now famous But it was thanks to the foundations
Muhammad Ali) floored the unbeaten image of Mbuyisa Makhubo carrying the laid by the likes of Nzima that such
heavyweight behemoth Sonny Liston in the limp body of 13-year-old Hector Pieterson, transformation – albeit nascent and hesitant
first round in one of the most memorable with the young boy’s sister Antoinette – was at all possible.
upsets in Lewiston, Maine. crying her head of (see previous page). Though Nzima’s 1976 picture was iconic,
For South African photographer Thanks to this image, the world could no Nzima did not benefit financially from its
Sam Nzima, the historic moment came longer ignore the horror of apartheid. The international publication, as copyright
unexpectedly on a cold wintry day, June 16, US government condemned the shooting, resided with the newspaper which
1976. and activists worldwide began lobbying employed him.
Nzima, 42 at that time, and a staf for economic sanctions, which eventually Thulani Nzima said this week that
photographer at the premier black daily brought the apartheid government to its although it took his family 22 years to
newspaper, The World, was one of a few knees. consolidate his father’s rights to the Hector
journalists who’d been tipped of that For Nzima, the picture brought mixed Pieterson image, it gave the family pleasure
“something big” was going to happen on the fortunes: while he became an international knowing his father lived to experience
streets of Soweto on June 16. celebrity, at home he’d become one of the global recognition he received for his
Just how big that “something” was going the state’s enemies. The security police selfless contribution.
Photo by Jay Caboz

to be was anyone’s guess. harassed him, wanting to know what had In recognition of his gallant act, Nzima
When Nzima arrived at Naledi High happened to Makhubo. was honoured with the Order of the
School around six in the morning, students Nzima had to quit his job, and run to Ikhamanga.
were already massed outside the premises, the safety of the homeland of Gazankulu in Born in 1934, Nzima died on Saturday,
preparing placards that bore such powerful South Africa. In 1978, The World was shut May 12 in Nelspruit.

54 | FORBES AFRICA JUNE 2018


FORBES AFRICA

INTERVIEW – JOYCE BANDA

WOMEN’S
LEADERSHIP
IS UNDER ATTACK
GLOBALLY
We caught up with former Malawian President Joyce Banda in
Johannesburg just before her return to Malawi after four years
away. One of four female presidents Africa has had, she spoke
about her plans but is guarded about her return to politics.

D
uring her time away from happened to Julia Gillard. And you go to Catherine Samba-Panza is going through
Malawi, Joyce Banda served Thailand and look at what happened to the in Central African Republic; see what is
as a distinguished fellow at the former Prime Minister… happening in Mauritius to our friend who
Woodrow Wilson Center in the I’ve been speaking a lot in the US and the just left a few weeks ago. So at the end of
United States, and has just finished writing question I always ask is ‘tell me why [as] the the day, you ask, why is it we don’t have any
a book, From Day One, on the issues around oldest democracy for 200 years, you have more female leaders in Africa? My answer
women and the girl child. She shares more: not managed to have one woman in state is we have done well as a continent, we have
house’? found ways of getting our women into state
What are you looking forward to and Coming back to Africa, we haven’t done house, but perhaps what we have to do is
how does it feel? badly, at least we had four women. We went learn how to keep them there. And Africa
I am so happy I have done all I wanted to do to Beijing in 1995; we agreed that it was part hasn’t done badly.
and am going home. of the work plan that we are going to come Somebody asked me about feminism.
There’s much excitement in Malawi... back and get into leadership. I said ‘no, Africa shall have it all; it shall
I guess I am the only one not excited… It I remember asking Mrs Gertrude design its own because we can’t copy
has been a week of hype and I am totally Mongella, who was the Secretary-General what’s happening elsewhere unless we are
surprised and humbled because I didn’t of the UN Fourth World Conference on convinced it’s working there’. But how can
Photo by Karen Mwendera

know just how much Malawians love me. Women: ‘because men are already sitting we copy other models where women are
in the seats, how can we go to parliament?’ still not getting equal pay, where women
We don’t have any female presidents on They said ‘go and push them if you have to’. can’t even go on maternity leave, where
the continent at the moment… why are And we went home, tried our level best and for 200 years, there’s no female president?
there so few women in politics? got into leadership. The continent with the highest number
Women’s leadership is under attack In Africa, go one by one, and check how of women in parliament is Africa – three
globally. Start from Australia, look at what the [female presidents] left, go and see what countries have 40% women in cabinet. And

56 | FORBES AFRICA JUNE 2018


the time I was head of state, I took We have five pillars in the Joyce
advantage of that position to appoint Banda Foundation: one is income, we
my fellow women… The advantage believe that in the rural household
of us getting into state house is we if there is income the woman is in
focus on social issues; we want control and can provide better health
people to have electricity, clean and nutrition and even send the
water and fuel every day. We want girls to school and will also make
hospitals to have medicines, we want decisions about her life; she can make
schools to have school materials but choices to stay or leave an abusive
the challenge is how do we keep the place.
women in state house? The second pillar is education for
the girl child, because if she doesn’t
Is the patriarchal mind-set to go to school, then she is exposed to
blame? all harmful traditions. The third is
It is. In fact I think the death of maternal health. My research has
Mama Winnie Mandela and all that shown that those that have died
has been revealed these past weeks giving birth are between the ages of
has opened the debate and women 11 to 19. So there is a connection with
are sitting down and saying, ‘how education. This girl child should go
could we not have seen?’ Because we to secondary school. The four years
never did… That’s what her daughter in secondary school is not just about
said when she spoke at the funeral: her future, it is also about her health.
‘why did you people wait until my The fourth pillar is leadership.
mother is gone, to vindicate her?’ I believe we must find ways; hence my
That is the kind of pain women are What have you been up to in the last four research, for allowing more and more
going through and nobody seems to care. I years? women to enter politics and participate in
don’t know why the media doesn’t seem to …In the time I have been away from home, leadership. And the last one is human rights,
dig more into this misogyny and abuse to I’ve spoken [at forums] 37 times, received 12 which is a cross-cutting pillar.
women leaders… international awards, written two papers,
written a book, and received an honorary What is the current investment climate
Do you have presidential ambitions doctorate. Everybody who has been with in Malawi?
again? me in the US knows I’ve run non-stop. It I believed the way I left oice, I needed
No. It is not up to me. I don’t care about has been time well spent. to step aside and look the other way. And
going to state house… I am just going back At the Woodrow Wilson Centre, they provide an opportunity for the sitting
home. even assisted me to draw up a tool kit. I can president to freely show his capabilities. He
now go into any country and speak with is my president because I conceded and I
Are you returning to politics? authority about how I feel women should accepted that he can become president, so
I am not planning anything. From this far, be treated, how the space should be created the last thing that I want to is poke my nose
I don’t know the political landscape on at the table for women to participate in into what he is doing right and not.
the ground. I am highly experienced in leadership. But I just feel sad and surprised when
politics. And I was very fortunate. When my they say people are going 36 hours without
husband retired [as chief justice], I decided In Malawi, what are your plans for electricity…
I can enter politics. So I did at age 54, I was women and children, through your I don’t understand some of the hardships
late… the president didn’t allow me to join foundation? my Malawians are facing because I say
the national executive committee so he sent The Joyce Banda Foundation is bigger than this boat is connected when you ask about
me down to the grass roots. Joyce Banda. I established it in 1997 when I the investment climate. Nobody is going
So I came from the grass roots as received the Africa Prize so it cuts across all to invest in a country that has 170MW of
a treasurer in the village. I had the parties. It has 500,000 women beneficiaries electricity. That doesn’t happen.
opportunity to study and I was fortunate in microfinance, it has sent to school 6,500
when elected head of women in 2003 in girls, it has a sponsorship program, and a – Interviewed by Methil Renuka; for the full
my party… youth program. interview, visit www.cnbcafrica.com

JUNE 2018 FORBES AFRICA | 57


FORBES AFRICA

INTERVIEW – ELLEN JOHNSON SIRLEAF

‘BE BOLD AS
WOMEN’
Liberia’s former President in Rwanda, a country known for its high as well as instill practical capacity to
representation of women in Parliament, and understand the complexities of these
and Africa’s irst elected where Sirleaf is awarded the Ibrahim Prize financial transactions. Also, we must
female head of state, recently for Achievement in African Leadership at a implement a legal system that will enforce
special ceremony. against such flow violations.
awarded a $5 million prize for
Access for women is diicult even in
excellence in African leader- Q. Please share your thoughts on the the case of legitimate flows. Even with a
ship, is opening a center for African Union (AU) self-funding reform growing manufacturing sector and agri-
goal, the Kaberuka Proposal. industrial activities usually manned by
the empowerment of women. The dependency of the AU on external women, access is still limited, for rural
sources has been the subject of debate for women particularly.
BY LAURA RWILIRIZA
many years, and the thinking of our leaders There is a big efort being put in by
is that it is better to finance our operations diferent regional institutions; in Liberia’s
by ourselves and alleviate pressure and case, GIABA, the Intergovernmental Action
dictation from these external sources. Group Against Money Laundering in West
On the other hand, we know that to have Africa, has been analyzing the flows and
financial autonomy, every country must determining what is illicit.
be able to contribute consistently. So, the But it is up to women to stand up and put
crux of the reform is to change the payment other women in leadership roles, because
formula and make sure everyone knows the record is clear: women are more
they have to pay their part. credit-worthy when it comes to financial
When it comes to the Kaberuka transactions, and this suggests the more
suggestion, it meets our objective of women there are heading these institutions,
financing our organization ourselves. the more we can be assured that regulatory
However, it does place a burden on the laws will be more efective.
poorer states... So, our position with
the Kaberuka plan is to study it some Q: What are your plans? How would you

E
llen Johnson Sirleaf has an iconic more so when we commit, we do not fall encourage young women to follow in
status in Africa and the world. As into arrears. We want to see the reform your footsteps, or even create their own
the first elected female head of implemented, and for it to include cost- path?
state in Africa, she served as the reduction in structural aspects such as We are establishing the Ellen Johnson
leader of Liberia for two elected terms. travel and positions etc., thus reducing the Sirleaf Presidential Center for Women and
Those terms saw Liberia’s slow and burden on poorer countries. Development. The activities will center
steady march from what was considered around five themes that will promote
a pariah state to a country with what the Q: Will Africa really be able to tackle women in business, women in leadership,
Mo Ibrahim Foundation calls a “trajectory illicit financial flows? And with women women in fragile states, women in
of progress” that has helped transform its being conspicuously absent from migration, and education for women and
economy, survive the shock of Ebola, and financial decision-making, yet being the girls. We will use the life experiences of
Photo supplied

restructure public institutions to respond to greatest losers on such issues, how do we women who have excelled in these areas.
the needs of the people. tackle these discrepancies? For the young women, I say to all, be self-
It is only fitting that FORBES AFRICA We have to become more accountable confident and pursue your goals... Let us be
gets to meet the Nobel Peace Prize winner and pass stringent mandates in institutions, bold as women.

58 | FORBES AFRICA JUNE 2018


FORBES AFRICA

HEALTH TECH

THE NEW
PRESCRIPTION FOR
HEALTHCARE: AI
Each person generates enough medical data in
their lifetime than doctors can keep up with. Is
Africa using the new tools at its disposal to assess
this data and deliver better healthcare?
BY TIANA CLINE

I
n July 2017, news shook South Africa Africa, there is a five-year lag time in cancer
that there are no longer cancer statistics reporting, which prevents any
specialists practising within its meaningful prevention strategies. IBM’s
KwaZulu-Natal (KZN) Province. A lab in Johannesburg is using cognitive
year later, the KZN health department is algorithms to automate the inference of IF WE’RE GETTING
still battling with the fact that terminally-ill
patients lack access to adequate oncology
national cancer statistics in South Africa,
which is expected to bring reporting to near
MACHINES TO
services and, according to the country’s real-time,” says Gciniwe Dlamini, a software RECOGNIZE PATTERNS,
biggest opposition party, the Democratic engineer at IBM Research.
Alliance’s KZN health spokesperson, Dr The good news for patients is that
WE NEED TO GIVE
Imran Keeka, there are only two full-time more than 50,000 cancer clinical trials are THEM ENOUGH
Photo Busakorn Pongparnit and Ipopba via Getty Images
oncologists based at Grey’s Hospital in published annually, so there is plenty of
Pietermaritzburg. data. And yet as new studies and evidence INFORMATION THAT
These challenges extend well beyond
South Africa’s borders – reports state the
emerges, it is nearly impossible for clinicians
to stay on top of the latest cancer care data.
THEY CAN LEARN.
majority of African countries still have fewer IBM’s Watson for Oncology can help identify
than one doctor for every 1,000 people. the most appropriate treatment options for tools that can help them.
To any modern technologist, the answer each patient and sift through the growing In terms of cancer treatment, oicial
is obvious: use every cutting-edge technology amount of medical literature to better treatment guidelines for sub-Saharan Africa
now at our disposal such as the Internet of understand those options. were recently revised for the first time.
Things, the power of cloud computing, and In 2017, Dlamini and a colleague, “Even though the treatment protocols
Artificial Intelligence (AI) to find ways of Waheeda Saib, spent time in Uganda have been simplified, it’s still time-
generating, collecting, and analyzing medical meeting with oncologists from other consuming for the few and overwhelmed
data in order to solve these challenges and countries to see how they used AI for better oncologists in the region to navigate the
deliver necessary care. medical care. They realized the doctors information. So, IBM Health Corps created
“One of the biggest challenges for in Africa are just as skilled but lack the software that automatically and quickly takes
Africa is data access. For example, in South infrastructure and knowhow on the right AI clinicians through the revised treatment

60 | FORBES AFRICA JUNE 2018


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FORBES AFRICA

HEALTH TECH

guidelines, cites helpful and relevant medical gets the results. She doesn’t know what
literature, and generates a treatment plan. symptoms the person had that prompted
It will be technology like this that will help the test, and she doesn’t know what the MANY SOUTH AFRICAN
take healthcare to the next level in Africa,” diagnosis was after the test. She also DOCTORS ARE MOVING
says Saib. doesn’t know what treatment was given
Daniel Saksenberg is the co-founder of to the person and whether they recovered THEIR PRACTICES
Emerge, a high-tech data-driven company
that solves complex business problems using
or didn’t recover and if they did, how
they recovered. It’s really a fraction of
TOWARDS A FULLY
advanced data analytics. He believes that if the picture. If we’re getting machines to DIGITAL SYSTEM, AND
data is collected from a suiciently wide set recognize patterns, we need to give them
of suferers of a particular condition, it will enough information that they can learn.”
WE ARE HOPING THAT
be possible for a machine-learning algorithm Neal Goldstein is a Johannesburg-based THE PRIVATE HOSPITAL
to be trained such that valuable patterns can orthopaedic surgeon, as well as the director
be discerned from the data. of LogBox (an app idea he came up with GROUPS WILL DO THE
“Machine learning has had remarkable
success in being able to recognize patterns
while working as a registrar in the public
sector).
SAME IN THE NEAR
in data that would otherwise be inaccessible Goldstein became amazed by FUTURE.
to human scrutiny and has revolutionized the complete lack of technological
dozens of areas of study to date. Machine interoperability in healthcare.
learning can deliver actionable results “The patient application currently systems. Many South African doctors are
substantially faster than current medical addresses the frustration of patients having moving their practices towards a fully digital
research methodologies which are to complete demographic information on system, and we are hoping that the private
dependent on a researcher first having a countless medical forms over and over hospital groups will do the same in the near
hunch as to which therapy or treatment again, and LogBox will allow for a robust future.”
would be beneficial to patients, and then interoperable shared electronic medical The global healthcare industry is at a
constructing a single-variable study to test record,” he explains. turning point. For AI to fulfil its world-
his or her hypothesis,” says Saksenberg. Like Saksenberg, Goldstein has seen how changing potential, it is vital people
Vast digital databases are required for AI new technology adoption is particularly have confidence in its recommendations,
and machine learning to be efective, and diicult within the medical fraternity in judgment and uses. This trust will be earned
Saksenberg sees Africa being left behind South Africa. through repeated experience, in the same
along with its endless paper trail. “Medical professionals are busy and way we learn to trust that an ATM will
“With AI, there’s a tremendous often rely on “old methods” – just based on register a deposit, or that an automobile will
opportunity in the healthcare sector. Why familiarity,” adds Goldstein. stop when the brake is applied.
hasn’t it kicked of in South Africa? Because “Our approach with LogBox is to We trust things that behave as we expect
doctors in South Africa primarily record expose trainees to our technology early on them to. To establish this level of trust in AI,
their patient visits on paper and machines in their training. The new generation of systems must be accountable and developed
cannot mine data of paper.” practitioners mostly embrace technology with the capability to explain their decision-
In America, and since the advent of and are quite excited to use it. We plan to making process.
Obamacare in 2009, it became compulsory be at the forefront of this new technology “We actually believe it’s augmented
that all doctors record medical visits digitally. drive and hopefully provide innovative user- intelligence, not artificial intelligence and
In South Africa, however, doctors’ notes, friendly applications for both patients and the real risk is the price of not knowing.
paper or otherwise, belong to the doctor and practitioners.” Every day, we pay the price for not knowing
a medial practitioner is under no obligation As with all people, some doctors are early what’s wrong with a patient; not knowing
to hand information over. adopters who quickly work with the latest where to find critical natural resources; or
Yet without access to complete digital technologies, while others aren’t. not knowing where the risks lie in our global
medical records, we only get half the picture. “Most are somewhere on the spectrum economy,” adds Saib.
Saksenberg cites the example of a pathologist between the two extremes,” says Jonathan “AI is a new level of collaboration
who can easily pull up anyone’s blood tests or Broomberg, CEO of Discovery Health. between human and machine and will only
any other data relating to tissue samples. “Globally, most healthcare systems are augment and expand our intelligence, not
“The problem is that the pathologist just moving rapidly towards complete digital replace it.”

62 | FORBES AFRICA JUNE 2018


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TravelRwanda TravelRwanda @TravelRwanda


38"/%"5063*4.$0.
MANDELA
AND THE
MAHATMA
The inaugural India-South Africa Business Summit brought
together titans of business and politics to further deepen ties
bound by two global icons and a shared history.
BY KAREN MWENDERA

G
auteng, South Africa’s richest
province, was the lead actor at
the recent India-South Africa
Business Summit (ISABS), where
Premier David Makhura called for stronger
economic ties with one of the world’s fastest
growing economies.
Hosted in end-April by Invest SA
and Invest India at the plush Sandton
Convention Center in Gauteng, the two-day
summit brought together politicians, CEOs
and investors from both countries to find
ways of improving trade relations that have
fed of warm political relations since the fall
of apartheid.
“We now need to grow together and
Ruchira Kamboj, David Makhura, Lindiwe Zulu, Suresh Prabhu and
ensure shared prosperity,’’ Makhura told Rob Davies at the opening of the exhibition at the summit
delegates from some of South Africa’s
and India’s biggest companies. “Indian
companies have been playing an important “Let us build the type of economies in had been privatized, India’s Minister of
role in the post-apartheid rebuild of the which no one is left out,” he said. Commerce, Industry and Civil Aviation
South African economy.” South Africa’s relations with India date Suresh Prabhu promised to look into the
Gauteng’s trade with India has more than back as far as 1684 when the first Indians matter, a position supported by South
doubled in the past seven years to $5.9 billion arrived during the Dutch colonial era as Africa’s Public Enterprises Minister Pravin
fueled by investments in financial services, slaves. During the struggle against apartheid, Gordhan, who now looks after South African
information technology, medical supplies, oil the Indian community established a number Airways (SAA).
and vehicle manufacturing. Nationally, trade of political groups under Mahatma Gandhi South African Trade and Industry
between the two countries has risen more from 1894. Minister Rob Davies said more Indian
than four-fold to $11.79 billion by the end of To facilitate increased trade, delegates companies can invest in, for example,
2015 from $2.5 billion in 2003, according to from the two countries discussed the the auto sector. “I think we would see a
advisory firm PwC. reintroduction of direct flights between significant contribution to what we are
Makhura reiterated that because of the Johannesburg and Mumbai, stopped in 2015 trying to achieve,” he told FORBES AFRICA.
two countries’ shared history, they should because of losses incurred by the airlines. Davies said if South Africa achieves the
build inclusive economies. While noting that airlines in India $100 billion trade and investment target set

64 | FORBES AFRICA JUNE 2018


FORBES AFRICA

FOCUS – SOUTH AFRICA-INDIA

by President Cyril Ramaphosa for the next


five years, the country would be a “much
more attractive partner” for India and other
countries.
The summit also hosted an exhibition
attended by diferent businesses from
both sides looking to leverage from the
partnership.
One of the exhibitors, 24-year-old South
African entrepreneur Yandi Malembe,
started a natural hair care product line with
her mother. She said the partnership South
Africa has with India has benefited her
business tremendously. South Africa’s Public Enterprises Minister Pravin Gordhan at the
launch of the India-South Africa Business Summit
“The investors who have come on board
have been able to take our business to a
new scale and even been a great part of us the All India Institute of Medical Sciences, is from looking at tech and other business
rebranding and entering the market more the world’s cheapest and smallest ventilator. opportunities between the two countries,
aggressively,” she said, adding that Indian His ventilator would cost $250 whilst the another important factor to take note of is
investors have injected as much as $16,000 average cost is approximately $34,257. the ocean economy and its potential to help
in her Johannesburg-based business Earth “We are working with Invest India and diversify ownership.
Hair. Invest SA and that is what is bringing us “India exports to South Africa petroleum
“The world is moving toward a global together and it is wonderful to understand products; now who is owning those ships
market and I think it’s more than necessary people and how we can bring our that are transporting that? I think women
for us to build these relationships so global technologies to make healthcare and robotics should start getting into that space,’’ she said.
markets can really become more eicient cheaper and empower the people,” he told The summit saw the signing of a
and therefore we are able to trade in an FORBES AFRICA. memorandum of understanding (MoU)
easier way because we all have something Also in attendance at the event was titan between Invest SA and Invest India.
great to ofer, so why not share it?” she said. of Indian industry, Adi Godrej, who was at A second highlight was the release of The
According to South African Small the India-South Africa CEOs Forum and Red Fort Declaration – The Legacy 20 Years
Business Development Minister Lindiwe happily posed for shutterbugs, and told on, Commemoration of 20 years of Strategic
Zulu, small and medium enterprises play FORBES AFRICA: “It was very good to Partnership, a book authored by journalist
a crucial role in the economies of both see the optimism in South Africa for future Fakir Hassen documenting the progress of
countries. growth. There is great scope for India- bilateral relations between the two countries.
“India also is looking at opportunities South Africa cooperation… We are always There was also the release of a White
in South Africa and this is where small and looking at opportunities here… And the new Paper setting out the substantive corporate
medium enterprises and young people in government change in South Africa is a social responsibilities of Indian companies
particular can benefit,” Zulu told the summit. positive sign.” based in South Africa.
“The world is their oyster. They just Highlighted throughout the summit According to a Boston Consulting Group
need to go out there and get it and our was the fact that one of the key industries report, India is expected to be the third
responsibility is to create a conducive South Africa can benefit from is technology largest consumer economy at $4 trillion by
environment for them.” innovation. This in turn can create more jobs 2025, while South Africa provides a gateway
Photos by Karen Mwendera

From India, Professor Diwakar Vaish for South Africans and tackle unemployment to the world’s youngest consumer market
brought his A-Set Robotics, which developed as the world enters the fourth industrial in Africa, making the collaborative efort
India’s first 3D-printed humanoid robot revolution with emphasis on technology and worthwhile.
called Manav. automation. At the pre-summit dinner, India’s High
He also invented the world’s first mind- The Chairperson of the Industrial Commissioner to South Africa, Ruchira
controlled wheel chair that uses neural Development Corporation (IDC), Busi Kamboj, was right in quoting former South
impulses to assist paralyzed patients. And Mabuza, who spoke on one of the important African President Nelson Mandela: “India’s
one of his latest inventions, created alongside panels at the summit, said that apart soul truly does lie in South Africa.”

JUNE 2018 FORBES AFRICA | 65


FORBES AFRICA

ENTREPRENEURS – GODWIN GABRIEL

GettingTheWorld
MOOVN
Tanzanian-born Godwin Gabriel has a non-tech
background but is challenging the Ubers of the
world with a ride-sharing app of his own.
BY PEACE HYDE

G
odwin Gabriel has always had the gab, combined with grit, self-confidence, Uber or Lyft ad and it is something that is in
the gift of the gab. At 17, he and perseverance would serve Gabriel their metadata. So they must have put our
closed the biggest deal in Dar well, driving him beyond personal and company’s name in their metadata,” says
es Salaam, Tanzania, supplying professional setbacks to create a business Gabriel.
food and beverages to a five-star luxury hotel that would compete with giants like Uber He believes the key to any ride-sharing
overlooking the picturesque Indian Ocean. and Lyft. service’s success is taking care of its drivers.
As he recalls, it all happened in a flash: Gabriel is the founder of Moovn, an To avoid the mistakes made by other ride-
one minute he was a youngster looking for app that seeks to capture a piece of the sharing apps, he has redesigned his app’s
extra income and the next, he was sat across multi billion-dollar ride-sharing market user experience to empathize with the
a table, suited and booted, having lunch with and that he hopes will eventually dethrone driver, a trick he learned in his early days in
the food and beverages manager of the hotel Uber, which, over the past few years, has the hospitality business.
and her team with only $55 in his pocket. experienced significant challenges. The Gabriel’s journey has been a natural
“I was scared I could not aford the bill. company sufered several allegations that evolution marred by a series of ill-timed
When the bill came, it was literally 55 bucks. led to the #deleteuber campaign and the events. Like the time he came close to
I remember sweating and I was literally resignation of CEO Travis Kalanick. In South fulfilling his childhood dream, but didn’t.
getting ready to prepare to wash dishes, but it Africa, Uber drivers have had several clashes “When I was younger I dreamed of being
all worked out in the end and I got the deal,” with taxi drivers, some deadly, prompting a pilot; I was actually hired by American
he says of that meeting. the company to hire private security forces to Airlines to become a junior in their flight-
Then came the hard part. With no money protect them. training program. Everything was lined up
to pay suppliers, Gabriel had to rely on his Despite these woes, Uber still has an to make that dream happen but just before
gab yet again to get the trust of suppliers imposing 74% of the ride-sharing market I reported to the job, 9/11 happened and
to deliver on credit. His natural flair for with operations in over 633 countries. that was a wrap. I went back into a diferent
business made his parents uneasy; fearing Regardless, Gabriel remains unperturbed. industry and never returned.”
he would not return to school, they shipped “We are in our own lane, and before the Then there was the time he was working
him of to the United States (US) in an end of the year, we will be a complete threat as an asset manager. Gabriel had spent
Photo Supplied

attempt to get him back to his books, but it to them. They are studying us, and they a significant amount of time building
was too late. Gabriel had already caught the know who we are. We know this because in his expertise in the hospitality industry,
entrepreneurial bug. the search words or key words on Google, acquiring an enviable clientele that included
For the next three decades, that gift of when someone types in Moovn, you get an Marriott and Starwood hotels. But just when

66 | FORBES AFRICA JUNE 2018


WHEN UBER CAME,
AND THEY WERE
DOING WHAT WE DID
BACK IN THE DAY
WITH TECHNOLOGY, I
SAID TO MY PARTNER
‘WHAT IF WE HAD THAT
TECHNOLOGY WHEN
WE WERE DOING OUR
BUSINESS BACK THEN’?

it seemed like the world was Gabriel’s oyster,


disaster struck, again.
“It was a very strong area for me, but it
wasn’t until 2010 when the aftermath of
the economic recession was really felt and
a lot of these real estate portfolios went
belly-up. It was a really tumultuous time in
terms of most industries and I found myself
constantly working long hours and getting
burned out. So, by the time the last assets
were taken of my hands, I wanted to change
my career,” says Gabriel.
The US subprime mortgage crisis that
sparked a nationwide banking emergency left
most of Gabriel’s portfolios in receivership.
Portfolios previously worth billions of dollars
were now being sold for about $100 million,
and with that, it was time for Gabriel to yet
again look for a new industry and start all
over again. But luckily, he had stumbled on
an idea to provide a cab service to the guests
of the hotels he managed.
“Back in 2006, I started a luxury car hire
business, with a chaufeur in Seattle, for
business executives, because I had already
made access to these hotels. It was a little
side hustle that turned into a big deal. I went
from a couple of cars to 15 to 20 cars, and I
had to outsource a large volume of demand

JUNE 2018 FORBES AFRICA | 67


FORBES AFRICA

ENTREPRENEURS – GODWIN GABRIEL

Gabriel demonstrating
his app

to independent operators.”
“It was one of those things that I was
always interested in, so when Uber came,
and they were doing what we did back in
the day with technology, I said to my partner
‘what if we had that technology when we
were doing our business back then’?”
For Gabriel, an MBA from the University
of Washington’s Foster School of Business
would prove instrumental in helping him to
spot the potential of technology.
“Towards the end of my course, we did a
consulting bid for Microsoft for an education
software for two of the largest economies in
the world, India and China, and I led that
project. I was exposed to technology and
I thought this was amazing. I had no tech Moovn right there and
background and never worked for a tech diferentiates itself then without the
company before. I was just amazed at the by taking a 15% hierarchy.”
margins and I thought this is the industry for commission per ride IF YOU TAKE GOOD The company
me,” says Gabriel.
And that was how he began to look for
instead of the 25% or
more its competitors
CARE OF YOUR already has a presence
in nine states in North
opportunities in the tech space. He initially take. The rationale: if DRIVERS, THEY WILL America with the
approached several developers to build you take good care of planned addition of
an app for him, but getting people to buy your drivers, they will
TAKE GOOD CARE OF three more states, and
into his vision proved diicult. So instead take good care of your YOUR CUSTOMERS. an employee count
of giving up, he decided to build it himself. customers. of 150 people across
Hours of YouTube videos and discussions Gabriel began its various divisions.
in chatrooms later, Gabriel developed a by targeting hotel The company has also
working prototype which he used to test the partners who wanted to book rides for their expanded into Africa with a presence in
viability of his idea. guests, which helped to drive revenue and Tanzania, Johannesburg and Nairobi. It is
“We had the clientele; we had the get the platform to where it is today. Another also present in Dubai.
relationships; and we had the drivers and so way Moovn set itself apart is through a The ride-sharing market has been
I sent out a little survey to some of them and strategic alliance with Vodacom in Africa, plagued in recent years by several
the clients I had and asked ‘what if I created which helped ofset the operational costs of challenges, mostly from local taxi drivers
something like this, would you be interested?’ launching the app. Lastly, there is Gabriel’s who meet the invasion of technology with
The response was overwhelming. At around personal touch which he uses to recruit his animosity, often leading to violent clashes in
the same time, some of the drivers were drivers. some African countries. Gabriel, however,
complaining about being mistreated by some “I was in the airport parking with my believes it’s a matter of negotiation.
of these larger platforms, about not being laptop recruiting drivers, and sometimes I “One of the things I often say is that taxi
able to earn a decent living, and working long have lunch with our ambassadors too. So cabs have long existed in most countries.
hours.” being able to connect with people and speak Taxis cannot fulfill the public demand on
That was when Gabriel decided that he to them and find solutions to their issues is their own, however, and they depend on
would go the B2B route instead of chasing where I get most of my juice. You get to hear the informal sector to ofset some of this
the consumer market that Uber was already things firsthand. This is where we fly, and demand,” he says.
dominant in. In addition to being the we are diferent from other platforms. We And with that, the old gift of the gab
mastermind behind Moovn as well as its don’t have to wait to hear via email but hear has managed to successfully bridge the gap
chief executive, Gabriel sees himself as an it firsthand and that helps us. Whether it is between the two parties.
activist fighting to give the forgotten driver via improvement in the app or improvement Next up, the Herculean task of getting
a voice. in our processes, it is easy to make decisions the world Moovn.

68 | FORBES AFRICA JUNE 2018


FORBES AFRICA

ENTREPRENEURS – SAVERIO CARDILLO

Photos by Motlabana Monnakgotla


YOUR WHISKEY
CAN TAKE YOU FAR
Whiskey aicionado Saverio Cardillo on
South Africa’s top tipple, and why it may be
wise to invest in a few bottles.
BY MELITTA NGALONKULU

O
n a cool April afternoon in Johannesburg, we A South African with Italian heritage, Cardillo says he
are at 4th Avenue in Parkhurst – a charming has a palate for Scottish whiskey. And for this interview
suburb with stylish resto-bars, Afro-chic too, whiskey-tasting is a fitting prelude.
boutiques and eateries spilling on to the streets He gets us to taste the Pogues Irish Whiskey, which is
– for a rather heady experience in the middle of the day. so gentle, soft and easy. My colleague tastes the Jameson
At the Bottega Café here, which gets full on weekends Distillery Edition with the orange, brown sugar, ginger,
and most weeknights, owner Saverio Cardillo is always peach and salt taste.
present. Every tipple, every bit of trivia on them is As a first-time whiskey-drinker, I now understand that
important for this entrepreneur, and he is always on hand not all whiskey tastes bad, thanks to Cardillo, who knows
to ofer customers bespoke whiskey tastings. how to pick the right taste for every palate.
He pulls up a chair and gets talking animatedly about “This is what it’s all about. People come in, sit down and
the bottles of the fermented beverage that imperviously fill drink their whiskey and they don’t get intimidated when
the glass showcases lining all the walls of his café. they come to my restaurant,” he says.
For starters, he says there are two ways to spell it – and The Bottega Whiskey Club, which he started in 2013,
that could be a conversation starter on its own at any party. boasts of over 2,000 members, mostly from the financial
The Irish spell it ‘whiskey’ and the Scots ‘whisky’. sector, lured to the club through word of mouth.
“I call it the heaven journey. It is a little point that no “We have four types of clients – those that know
one knows about. Every single person that walks in here nothing about whiskey and we try and educate you and try
and does not know about it, they walk in and say ‘wow!’ and accommodate your palate. Then we get the guys that
because it is like a little onion; you can just exfoliate all have been to Scotland and have been collecting for years
these layers,” says Cardillo. and years and only buy limited editions. Then you get the
The restaurant is small and intimate but the umpteen guys who buy whiskey to stock up their bars. Then you
bottles of whiskey in every crevice and the cabinets behind also get the collectors that will drink their whiskey,” he
you make it akin to a distillery, minus the bulky barrels of says. The restaurant has over 700 malts, which they use for
course. their whiskey-tasting events. They pair the whiskey with
Cardillo’s love for whiskey started only over eight cigars and sometimes come up with select food pairings.
years ago when he was first gifted a Glen Ord by one of his Surprisingly, for a self-taught whiskey expert, Cardillo
suppliers. says that he is not a collector.
“I tasted it and it was phenomenal. That is how I got “I am not like that. I am the type that needs to know
into single malts and started dabbling in all the Ireland what is in that bottle. I would hate to die one day knowing
malts...” he says. that somebody is going to be drinking my collection not

JUNE 2018 FORBES AFRICA | 71


I HAD A GENTLEMAN
WHO WALKED IN HERE
THE OTHER NIGHT AND
ORDERED A JOHNNIE
WALKER BLUE LABEL AND
HE DRANK IT WITH CREAM
SODA. I DIDN’T EVEN
CRINGE.

knowing what was in that bottle,” he says. the whiskey with ice. There are so many rules that are just falling
But for those that do like to collect their whiskey as a form of away now,” he says.
investment, Cardillo believes they could earn significant returns. The best way to put this to the test is to pour a neat whiskey
“We have bottles that we bought for R500 ($40) or R600 in a glass and drink it, he adds. You will be able to taste all the
($49) and now they are worth a lot of money. The increase in diferent aromas. Thereafter, pour yourself another glass and
value of the whiskey depends on if the distillery closes down. If pour a bit of water and you will be able to taste the barrel’s wood.
they are no longer making any more of it, then the demand for It becomes spicy as the whiskey opens up, and it becomes cloudy,
that bottle of whiskey increases,” he says. and you are able to see the oils release.
Currently, the Jameson Gold Reserve has been discontinued, “This is why when people ask me ‘how are you supposed to
so he advises whiskey drinkers should buy as many as they can of drink your whiskey’, I say ‘it depends entirely on your palate’,”
it, as the value of the bottles are bound to increase by 10%-15%. says Cardillo.
“It currently retails at R893 ($73)… So you could look at “I had a gentleman who walked in here the other night and he
doubling your money in a couple of years. For example, the ordered a Johnnie Walker Blue Label and he drank it with cream
Compass Box, they made just over 5,680 bottles; I was retailing soda. I didn’t even cringe.”
them at R2,000 ($163), but I see now three years down the line, Cardillo also resells whiskey for collectors hoping for returns on
they are auctioning them and selling them at R4,800 ($392) to their long-held bottles.
R5,000 ($408),” he says. “…[I] am a little bit sceptical about selling their collections. I sell
However, a whiskey club as a business is not as lucrative. on behalf of them, and I don’t put my name behind it and I don’t sell
“We turn a lot of stock [from the business], but if I had to do it using the name of Bottega. I let everyone know that it is somebody
it purely as a business, no, I would not make any money from it. else’s collection,” he says.
Not when you consider the rentals and other expenses. The club Cardillo receives commission from the proceeds of the sale.
is purely for coming to see what we have and tasting the diferent “If something goes wrong with the lid or [there’s] counterfeiting
kinds of whiskey,” says Cardillo. in the whiskey, or it leaks, that is my reputation at stake, and that is
There is no right or wrong way to drink whisky. what I have to be careful about,” says Cardillo.
“What you like and what the next person likes are two Cardillo took his hobby and turned it into a business imparting a
diferent things. You can’t get intimidated. You are only supposed wealth of knowledge to discerning drinkers, making him a limited
to drink the whiskey with ice or you are not supposed to drink edition connoisseur among restaurateurs.

72 | FORBES AFRICA JUNE 2018


A FORTUNE
IN THEIR BACKYARDS
The two 21-year-olds
dove into business after
high school in Zimbabwe,
turning bananas into a
low-cost alternative
to wheat flour.
BY KAREN MWENDERA

W
here most
youngsters
would opt for a
business degree
before stepping into business,
Ropafadzo Zimunye and Munashe
Musarurwa, both 21, did it the
other way around.
In a small town named Mutare
in Zimbabwe, just out of high school,
they looked inwardly for inspiration,
and found it in their backyards.
Today, as co-founders of Greenit
Diversified Group, they make
baking flour out of bananas. Such
unconventional thinking came
from need, and their research on
alternative foods – the future of food
in Africa.
“I think alternative foods are the
next big thing on the market because
of the way Africa itself is going,”
says Musarurwa, who is also the
operations manager of Greenit.
The two finished high school in
Photos Supplied

2016 and was dabbling with some


business ideas when they came across
alternative products for bananas.
“My partner was like ‘there’s

74 | FORBES AFRICA JUNE 2018


FORBES AFRICA

ENTREPRENEURS – ROPAFADZO ZIMUNYE AND MUNASHE MUSARURWA

something called banana flour, have you ever heard of it?’” Zimunye, “The most diicult challenge we face is that people don’t take us
Greenit’s CEO, tells FORBES AFRICA. seriously at times,” says Musarurwa.
“I was like ‘no, but let’s do it, let’s try it out’. And we have bananas in They are also more cautious when it comes to making promises or
our backyard, so why not?’” signing agreements, and have learned not to trust easily.
So the two harvested the green bananas, dried them and crushed “Everything that you do has to be written down,” says Musarurwa.
them into powder, not sure if this was going to end up as a disastrous “No matter how small it is, if you want to do something with someone,
science lab experiment. Thankfully, it didn’t. put an agreement to that.”
“It’s not something we invented, it was there traditionally. The thing is Zimunye hopes to study business management while Musarurwa
the traditional one does not outperform wheat flour,” says Zimunye. wants a marketing degree. They also plan to expand their production in
The pair played around with diferent ingredients, and permutations the alternative food sector, producing banana porridge for infants and
and combinations until they came up with a breakthrough product that adults, and diversifying to fertilizer production with banana peels.
morphed into better flour. They were also invited to attend the 10th African Union Private
Immediately, Zimunye wrote down a business plan. With their final Sector Forum in Egypt early
product, they reached out to a local baker as prospective suppliers. “Am I May. They want to expand
seriously going to use banana flour to make cupcakes?” he asked them. their network beyond
Eventually, the pair were able to convince him. The baker prepared a Zimbabwe as Africa is in
batch of cupcakes with their flour and they were a success. need of more alternative food
“We were actually surprised at how well it came out, because I was sources.
sceptical at first,” says Zimunye. Zimunye says he I THINK
They later advertised their product to other bakers, farmers and the won’t rest until he sees
community. their names on FORBES ALTERNATIVE
“We were looking for millions, and in our dreams we thought it would
happen in a day, but when we started going around telling people, they
AFRICA’s Under 30 list. FOODS ARE THE
thought we were crazy!” says Zimunye. NEXT BIG THING
Word got around in the streets of Mutare and that’s when the funding
came in.
ON THE MARKET
“We really tried to sell across the nation because that’s our aim, and BECAUSE OF THE
it’s the most diicult thing to do if you are a Zimbabwean manufacturer,”
says Zimunye. WAY AFRICA
In a country heavily reliant on imports on account of failing food ITSELF IS GOING.
production, Greenit had the opportunity to produce a low-cost
alternative food option locally. They sold their first batches at $3 for 500
grams making it the cheapest flour in Zimbabwe.
“We have now reached about 600 people in five months and made
around $800,” says Zimunye.
One of their aims is to become wheat flour’s biggest competitors. But
to do this, the boys were going to need a lot of goodwill – and financing.
Their first investment came from the $5,000 they won after applying
to the Celebration Church Mutare Padare business forum last year.
This happened to be the same church the boys first met in and
solidified their friendship.
Early this year, they won another $10,000 from the Youth
Entrepreneurs Program financed by CBZ Bank in Zimbabwe.
Despite Greenit’s infancy, the two admit they have been able to
achieve a lot. Their products now retail in some supermarkets and small
shops in Mutare.
Their priority though is to use the money to set up a factory to be able
to keep up with the demand. The duo aim to even sell their products
outside of Zimbabwe.
“Since then we have been able to produce two tonnes of the banana
flour and have sold over 1,000 units,” Musarurwa says.
But as with any business, they have had challenges, and some costly
learnings along the way. Despite their eagerness and professionalism as
business owners, they still face prejudice as young people.

76 | FORBES AFRICA JUNE 2018


FORBES AFRICA

FORBES FASHION

COOL 1
COUTURE
It’s the cooler months coming up in sub-Saharan
Africa, but your ensembles needn’t be as drab as
the weather. Quite the contrary…
COMPILED BY JULIA RICE

6
4

m a ket
et,
t, e
R , (
te
e s i , op
p Ma
Man
Man
4 ( 1)
l c l h wallet, Fossil
uest
equ
4. Brown belt, Top Man,
R339 ($27)
5 3 Grey skinny trousers, Top Man
599 ($49)
6. Azzaro Pour Homme EDT
6
Price on request
7. Camouflage socks, Top Man
7 R269 ($22)
8. Midnight blue suit shoes, Spitz
Price on request
Photos by: Julia Rice

*All dollar prices are approximate values.

Stockists
Diesel shop.diesel.com - Top Man www.topman.com
8 Spitz www.spitz.co.za - Fossil www.fossil.com
Azzaro www.azzaro.com

78 | FORBES AFRICA JUNE 2018


STEPHEN SAAD’S
VENEZUELA
The South Africa-based Chief Executive of Aspen Group describes his
business trip to Caracas in Venezuela as going to a war zone.
Yet, it’s one of his most vivid travel memories.
BY SAMANTHA STEELE

V
enezuela left me with a permanent scar,” says
Stephen Saad, Chief Executive of the Aspen Group
since 1999.
A few days in the country’s capital, Caracas, in
an attempt to retrieve the hundreds of millions of dollars owed
to Aspen by the Venezuelan government, were like nails on a
chalkboard for the bush-loving billionaire.
The noise, the chaos and governmental apathy gave Saad
pause: “You see people, desperate people,” he tells FORBES
AFRICA. “People queuing for food, queuing for medicine... It’s
just been a total disaster, and they’ve got unlimited wealth in oil
and in natural resources and all those things. It’s so, so sad to see
that. It’s very, very disappointing. Unfortunately, there’s a lot of
lawlessness because people are hungry.”
Because of the nature of the pharma industry he is in, visits
to emerging markets are a frequent occurrence for one of

Photo of Stephen Saad by Peter Morey / Apomares via Getty Images


Africa’s wealthiest men, so he wasn’t scared in Caracas – despite
the armed guards they were forced to use around the city he
described as “like going to a war zone”.
Saad should have had a healthy dose of adrenalin when he
landed in what has been ranked as one of the most dangerous
cities in the world.
“Only the brave walk the streets of Caracas after sunset,
when the dizzying frenzy of the daytime city gives way to an
eerie stillness as residents seek refuge indoors,” described The
Guardian last year in an article detailing how the city’s residents
I HAVE DONE MANY FLIGHTS have adapted to constant fear.
Lonely Planet puts it tactfully in their opening description of
WHERE I HAVE TRAVELED the city: “Caracas incites no instant love afairs.”
INTERNATIONALLY AND Saad’s initial experiences in Caracas were foreshadowing for
the rest of his trip.
RETURNED THE NEXT DAY – He describes: “You know you get to a hotel room and turn on
NO HOTEL BED NEEDED! the TV and they normally say, you know, ‘the spa’s on the first
floor, the restaurant’s on the second floor, the gym is on the third
floor’... I turned this one on and it said ‘don’t open your door for
anyone’. It was surreal.”

80 | FORBES AFRICA JUNE 2018


FORBES AFRICA

EXECUTIVE TRAVEL

needed!”
In contrast, his personal holidays are all about
exploiting time with his family and the rule is “the less
Wi-Fi the better”.
He owns a private game farm next to South Africa’s
Kruger Park, called Exeter, where he revels in the
silence and the one-on-one time with his family.
“My father used to take us to Kruger National Park
annually. This inculcated a true love of nature and its
spirituality. I go as often as I can to Kirkmans Kamp
with my family. The real beauty is that there is no
shopping and other worldly distractions and you get
the opportunity to really talk, engage and listen to one
another.”
His trip to Caracas, like many business trips that
have taken him to strange places around the globe, was
related to his work at Aspen Pharmacare where he has
been CEO since 1999.
Saad was in the country meeting the Venezuelan
(Above and this picture)
The city of Caracas Finance Minister, acting as a debt collector for the
company.
He was trying to come to a mutual arrangement
in a cash-poor country that desperately needed
medication.
“I was trying to get some sort of barter arrangement,”
says Saad.
“You need the medicine for your people. But there
is a point where I’ve got to say I can’t do this anymore.
You owe us over a hundred million dollars, and are not
paying a dollar. You’ve raided our warehouse, taken
all our stock… Where does my social responsibility
begin and end with Aspen, and where does your social
responsibility, the government’s, begin and end?
“So I had those type of discussions and I said ‘I’m very
happy to give Venezuela a discount and to do whatever it
Needless to say, this five-star hotel was not what Saad expected and, takes to make sure your people get medicine’... but there
like an ice-bath, gave him a quick reality check. He says: “So you’ve seemed to be limited interest in resolving anything.”
got to a five-star hotel and some of them they don’t have milk, sugar He continues: “Venezuela is undoubtedly one of my
sometimes... It’s a five-star hotel! Now can you imagine paying to stay at most vivid memories, because it’s just a country with
a five-star hotel and they’re battling for milk? What hope in hell has a so many resources, so much potential and opportunity
poor villager?” and to see that a country can descend to that level of
It wasn’t the decaying architecture of the city once called the Paris of mismanagement and the people can be pushed right to
South America that scarred Saad. It was the people and the desperation the edge where they almost lose their humanity.
that hung, smog-like, around the city. “There’s huge crime rates and people are desperate
“Forget about from a business perspective, from a personal for food. They are rushing over borders to try and get
perspective, just to see when you think things can’t get any worse, you food…it’s just, you know, mothers without food for their
see Venezuela, and you realize they can.” kids.”
This trip is one of the many reasons Saad treats business travel as His disillusionment with Venezuela is partly because
expediently as possible. of the impact the government’s ideology has had on the
“I battle to get my umbilical cord to stretch too far from my home country.
and family. So when I travel for business, it’s extremely intense. I go, “Venezuela is often held up as the sort of
go, go and really try and use every minute possible to its fullest, so that revolutionary guide you know, as to where to get to.
I can get back as soon as possible. I have done many flights, where I But it’s really, you go there and you absolutely, you’re
have traveled internationally and returned the next day – no hotel bed despondent when you leave.”

JUNE 2018 FORBES AFRICA | 81


FORBES AFRICA

PAYMENT SOLUTIONS

THE CASHLESS MARKET


Are we there yet in Africa, where in some economies, cash is still king?
BY NAFISA AKABOR

use feature phones primarily in areas where there is little to no


infrastructure but growth amongst micro-enterprises.
It allows for any South African to open a bank account directly
from their phone without having to walk into a branch – no
paperwork, no bank charges. While deposits are limited to R14,000
($1,100) a month, customers are able to send and receive deposits,
pay accounts, buy prepaid electricity or data or withdraw cash
at supermarket till points. The solution makes it ‘cashless’ and
operational from a feature phone. It remains to be seen how the target
market will take to the solution, introduced in June.
On the other side, we have the retailer or the merchant, continues
Mitchley. “Point-of-sale devices are costly and require fixed line
internet and power, which is not accessible to everyone, especially in
rural areas.”

G
lobally, there’s a shift towards digital payments, which With a mobile phone and a USSD number, or a QR code,
exceeded cash payments for the first time in 2016. In suddenly, a merchant can accept a payment via a mobile phone
Europe, paper forms of payment (cash and cheques) – allowing funds to go straight to their bank accounts safely,
have steadily declined over the last five years, falling conveniently, and instantly, she says.
from 40% to 31% of consumer expenditure. In India for example, There are several apps on the market that ofer these
the government’s demonetization program removed approximately solutions most prominently at lifestyle markets, shopping outlets,
a quarter of its banknotes in circulation, adding huge impetus to restaurants, and cafes, such as Zapper, SnapScan, KaChing, admyt
digitization. and Starbucks.
This is according to Visa, the world’s largest card payment Additionally, merchants have various POS hardware attached
organization outside of China. The company emphasizes that cash to their smartphones and tablets to accept mobile payments.
is still a useful payment solution for millions of people in Africa and Back in 2017, Starbucks introduced its globally successful
around the world, and in some cases, the only payment tool available. mobile app to the local market, which ties a loyalty program
“We don’t want to take cash away from people but instead, together with a payment solution. According to the company,
promote a digital alternative, which is better, safer, reliable and a over 20,000 customers have downloaded the Starbucks SA app,
more transparent option,” says Geraldine Mitchley, senior director, exceeding its 10% initial target.
strategic partnerships and emerging payments at Visa, sub-Saharan Roland Ellingworth, head of loyalty programs at Taste
Africa. Holdings, which owns Starbucks, says the company does not
“The breakthrough for us is in mobile. While cards and bank want to become completely ‘cashless’. “We want to drive as many
Illustration by Ronnie_21 via Getty Images

accounts have not reached a large portion of the population, now customers as possible into the mobile payment ecosystem, to
everyone has a phone – possibly two or three,” says Mitchley. “This get them onto our digital platform, but we would never do away
is transformational because banks can now ofer financial products with accepting cash.” The company’s long-term goal is to target
through those devices, including payments.” between 20-25% of customers for cashless transactions.
Unlike the rest of the world, in Africa, there are setbacks to going Africa is a hotbed for local innovation, and Mitchley believes
cashless. Although a number of factors are at play, Visa says it boils retailers play a massive role in creating a digital economy but
down to reach – getting more people connected to the network, ultimately the economics needs to work in their favor.
including rural communities and the underbanked, and relevance – “The pace of innovation is also critical. There are so many
are digital payments relevant for consumers, and is it the best way to innovative companies out there, all coming at payments from
pay for something? diferent angles.”
Speaking of ‘underbanked’, First National Bank has a first-of- As Africa makes progress, despite the economics, it seems cash
its-kind mobile bank account in South Africa targeting those who will remain king for a while.

82 | FORBES AFRICA JUNE 2018


FORBES AFRICA

PERSONAL FINANCE

ME MY
MONEY
Well-known South African events producer and show director
Jan Malan on his inancial blunders, the lessons learned and
how he now invests in property.

WHAT WAS YOUR FIRST JOB AND WHAT DID YOU DO WITH WHAT IS THE MOST YOU HAVE SPENT ON A SINGLE SHOW?
YOUR FIRST PAY? [I spent] approximately $900,000. The client wanted only the best of
My first job was as a Public Relations Manager for Madge Wallace a bevy of supermodels, with some clocking in at $25,000, and a stage
Models in downtown Johannesburg, back in the eighties. With my first design that put top designers in New York to shame.
pay, I bought myself a motorcycle.
ART OR FASHION… THE BETTER INVESTMENT IS?
YOUR MOST REGRETTABLE FINANCIAL BLUNDER SINCE [I would say] most definitely art. Art is an investment, fashion is transient.
YOU ENTERED THE EVENTS INDUSTRY, AND HOW WERE
YOU ABLE TO OVERCOME IT? WHAT IS YOUR INVESTMENT PHILOSOPHY?
Not signing a contract before producing a big show in New York. The My main investments at the moment are in property.
show had a substantial budget. It took years to get over that blunder.
YOU ARE AMONGST THE POWER PLAYERS IN THE FASHION
YOUR MOST EXPENSIVE INDULGENCE? INDUSTRY IN AFRICA AND YOU GET TO WORK WITH HIGH-
My beach house on the West Coast [in South Africa’s Western Cape PROFILE CELEBRITIES… WOULD YOU SAY YOU RATE POWER
Province]. WITH MONEY OR SUCCESS?
I would choose success. I get more satisfaction and personal fulfilment
HOW DO YOU FIND THE TIME TO BE FINANCIALLY from knowing I did an amazing job and that I inspire people.
DISCIPLINED?
Being financially disciplined is an integral part of my daily life. – Interviewed by Melitta Ngalonkulu
My previous blunders have taught me never to take anything for
granted.

HOW BIG IS THE AFRICAN FASHION MARKET, AND


WHERE DO YOU SEE IT GOING?
Calculating the size of the African fashion market will take some doing!
You only have to look at the Nigerian fashion market in the last couple of
years with other economies hot on its heels.
African fashion designers have so many drawbacks to deal with,
which their counterparts on other continents don’t have. But yet it is
growing in leaps and bounds. It’s like a beautiful animal that can’t be
tamed.
Photo by karen Mwendera

There has been something brewing of late. I believe we will soon see
its full efect. Africans are rising!
When I started traveling the continent back in 1996 for the M-Net
Face of Africa Model Search, there was very little fashion design to speak
of. Today, literally every country has its own fashion platforms.
ART IS AN INVESTMENT,
FASHION IS TRANSIENT.

84 | FORBES AFRICA JUNE 2018


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OPINION – WEST AFRICA
RAFIQ RAJI

SAVING A LAKE FOR PEACE,


PROSPERITY AND POSTERITY

M
ost Africans choice, it seems, but to begin to
probably some- address not just the symptoms of
times just won- growing insecurity in their do-
der what all the mains but its root causes as well.
fuss about climate change is. The Most recently, the eforts
planet is getting hotter, so what towards saving Lake Chad is en-
diference does it make to their capsulated in ‘The Abuja Declara-
daily lives? It has always been tion’ adopted at the International
hot in Africa. Conference on Lake Chad held
What diference would a one late February in Nigeria’s capital
to two degree increase in tem- Abuja.
perature make to a people mostly Highlights of ‘The Abuja
preoccupied with sourcing their Declaration’ revolve around
daily bread? Mention the Paris restoration of the lake, resolution
Accord, and some sentiments of security issues emanating from
would border on envy towards its drying up, and funding for
the African oicials who got to participate in the negotiations initiatives towards its restoration.
while relaxing in the fabled city, as opposed to endorsing the The most important and perhaps the most diicult is the
many laudable measures towards saving the planet in the agree- ‘Inter-Basin Water Transfer’ (IBWT) project for bringing the lake
ment. back to its earlier much buoyant levels.
But if you were to start the conversation from the palpable Incidentally, the $14.5 billion project was first mooted in the
negative efects of climate change on the ground such as drought, 1960s. Considering how little progress has been made since
floods, famine, and so on in Africa, everyone’s antenna would speaks to the diiculty of the endeavor.
probably shoot up. The plan entails diverting water from the Congo River more
A striking example is the drying up of Lake Chad in West Afri- than a thousand kilometers away into Chari River, which feeds
ca which has had debilitating efects on the countries bordering Lake Chad. Transferring water from the Congo-Oubangui-Sang-
it – Cameroon, Central African Republic (CAR), Chad, Niger and ha Basin to the Lake Chad Basin would also have benefits for the
Nigeria, and a few further afield such as Libya, Sudan and Algeria. communities in between.
Erstwhile fishermen have had to make do with less or simply The feeder dam to be built in Palambo in CAR is expected to
change their vocation altogether. Farmers who relied on the generate at least 700MW of electricity, for instance. The dredging
lake for the natural irrigation of their farms have also sufered of the Oubangui River in CAR would also allow ships to transport
ill-fortune. goods from what is ordinarily a landlocked country. As a result ,
Consequently, as misery tends to beget more misery, criminals irrigation, drought mitigation and desertification control would
and terrorists have stepped in to fill the vacuum. be added benefits.
The cost to the lives and livelihoods of people from the more It begs the question then of how the long-sufering project
than 90% depletion of Lake Chad over the past five decades is would be able to break the jinx on it this time around.
Photo by Kypros via Getty Images

almost unimaginable. But it was not until the insecurity that it On the face of it, the right measures are being put in place. For
engendered began to make life diicult in lands distant from the instance, a $50 billion Lake Chad Fund under the auspices of the
banks of the lake that the authorities in the environs began to African Development Bank is refreshingly assuring.
take proper notice. Still, the participating countries have strained finances. With
Not that eforts to save the lake had not been attempted before. their authorities barely able to address burgeoning infrastructur-
After all, the Lake Chad Basin Commission was established in al deficits inland, the Lake Chad issue may become yet another
1964. But with myriad killings from terrorist groups in Nigeria, African project not lacking in passionate backers with empty
Niger and elsewhere going on unabated, the authorities had little pockets. Still, one should be hopeful.

86 | FORBES AFRICA JUNE 2018


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OPINION – AFRICAN ENTREPRENEUR
VICTOR MAMORA

TO BE WEALTHY AND
WISE IN AFRICA
A
ccording to PricewaterhouseCoopers (PwC), a new
billionaire was created almost every week in China
in the first quarter of 2015. In Africa, with a similar
population figure, we are nowhere near the Chinese
wealth creation machine and yet the opportunities are compara-
ble if not greater.
To become a millionaire in Africa, the popular opinion is that
one needs to start his own business. We have therefore seen many
of our young energetic Africans setting up startups and doing so
with passion to pull themselves and their families out of poverty.
In 2009, I too joined this journey along with my cousin to
start an engineering firm. We were both tired of poverty and
excited at the prospect of forming our own enterprise.
We were so elated when we started employing tens of youth
from the Niger Delta region. We knew these boys would have
ended up becoming militants had it not been for the skills we
helped them develop. But despite our zeal and passion for suc-
cess, the business was not yielding results.
My question is, why was it so hard for us to rise to become dol-
lar millionaires despite our eforts over four years? Our corporate
dream was to build the fastest home-building company in Nigeria
and fly to every part of the world. My cousin and I had good engineering skills and the tech-
But ignorance and the limitations of the business environment nology but it did not result in a sustainable business because we
stymied our eforts to create wealth. lacked knowledge of the sector in Nigeria.
The commonly-held notion that you can be wealthy if you I, like many other Africans, have read about African billion-
start a business seems to be dying. In my quest for clarity on busi- aires such as Aliko Dangote in Nigeria and Johann Rupert in
ness and wealth, I saw many people, both young and old business South Africa, and found inspiration from their successes over
owners, who are nowhere near the money. I also saw people who millions in Africa struggling in the same sectors the duo made
were wealthy for a short season and later broke. And I asked billions over time.
myself, what is the real issue here? My key takeout is that billionaires have something many do
The first thing I discovered was that a wrong paradigm can not. The power to see beyond the physical and present time.
impede the pursuit of wealth. I discovered that a knowledge of It’s intuitive intelligence that works for many billionaires, a
the sector you want to compete in is a prerequisite if you want gift impressed upon them by mentor association and their own
to create wealth. There has never been a shortcut to successfully commitment to excellence.
Photo by Michaeljung via Getty Images

creating wealth that is sustainable. The pathway to this is busi- America’s billionaire President Donald Trump in one inter-
ness but the fuel for that journey is wise decision-making and an view acknowledged that the popular American preacher, the late
understanding of your market. Norman Vincent Peale, influenced his thinking about wealth and
In some parts of Ohafia in Abia State, Nigeria, you cannot success.
speak in the village square unless you have done a good job of Truly, business zeal, though crucial, is not enough.
mentoring and empowering young village boys to succeed in their I have come to the conclusion that a knowledge of the sector,
businesses. understanding what is required to make profit, and the ability to
This brings me to the conclusion that every aspiring and start- do the right thing in the face of fear, are empowering habits every
up entrepreneur needs guidance and support to create wealth. African entrepreneur needs to inculcate and develop.

88 | FORBES AFRICA JUNE 2018


Advertorial BY BCX SuperSport Shootout

WHEN THE STARS


DESCENDED ON LIMPOPO
The BCX SuperSport Shootout, South Africa’s most
sought-after amateur celebrity golf event, raised
millions for the underprivileged and forged strong
relationships on the greens.
BY AVIWE MTILE

T
he 15th edition of the BCX SuperSport Shootout, held
from May 4 to 6, returned for the third consecutive
year to the magnificent Legend Golf &Safari Resort,
also known as the ‘home of the extreme 19th’, in the
Limpopo Province of South Africa.
With it came a stellar array of sport stars, celebrities, politicians
and captains of business. While camaraderie, networking and golf
was the order of the weekend, the Shootout is about so much more.
“Around 80% of the people here have been supporting the
Shootout over the years. They are top leaders in their respective
fields and it’s always a pleasure to catch up with them over a golf
game once a year,” said former South African tennis star Kevin
Curren.
Wimbledon singles finalist, Curren conceptualised the Shootout
event with support from business leader and friend, Terry Rosen- Brian Dames, Rakesh Wahi, Bobby Malabie and Fikile Mhlonto
berg 15 years ago.
Back then it was hosted in KwaZulu-Natal and supported sur-
rounding communities. Telkom and Eskom Chairman Jabu Mabuza
has been a staunch supporter of the tournament over the years.
“Terry and Kevin started something very meaningful. I can
remember the days this was held in the Drakensberg. We’ve seen
a lot of sponsors come and go, but the one thing that has stayed
is SuperSport and MultiChoice, and this has grown in leaps and
bounds. It started by just supporting a community in Estcourt and
now we’re grown to support the LIV Foundation and other charities
and children,” said Mabuza.
Now, the BCX SuperSport Shootout also supports communities
in Limpopo.
As always the tournament kicks of on Friday morning with the
Absa Superskills, a standalone competition featuring five teams of
two.The welcome dinner followed where the champions gathered
for light entertainment, networking, good food and plenty of banter. Victor Matfield, Kevin Curren and Fourie du Preez
Among the sporting legends here this year was Shaun Bartlett,
Neil Andrews, Cameron van der Burgh and Temba Bavuma

Akona and Odwa Ndungane, Shaun Bartlett and Bronson Makobela

who was part of the South African soccer team that won the 1996 to the gala evening at the event.
African Cup of Nations. Saturday night at the Shootout is always a special afair,
“For us sporting legends and former players, it’s a weekend because that’s when the guests show their generosity by digging
to enjoy and also mix with TV personalities and oicials from deep in their pockets to give back to numerous charities.
government and enjoy the weekend. I’ve come out to play here for This year, the gala kicked of on a positive note following busi-
more than a decade now and it’s obviously not just about the game, nessman, Selwyn Nathan’s hole-in-one on the 12th hole, which
but we’ve done a lot to raise funds for charity around the country. I spurred a number of businesses to collectively contribute R2
think we’ve raised more than R20 million ($1.6 million) so far and million ($163,000) towards charity. This was before the auction
look forward to raising more this year,” said Bartlett. began.
“Last year, I played with Mark Williams [South African footbal- This year’s gala dinner paid tribute to MultiChoice’s Chief
ler] and we did relatively well. I’m not sure who I’ll be partnering Executive Imtiaz Patel, who was stepping down as team Super-
up with this year but I’m looking forward to a great weekend and Sport’s captain after leading it the last 4 years.
playing for a worthy cause,” said Mark Fish, who was also part of While friendship and camaraderie were celebrated at the
the Bafana Bafana team crowned African champions in 1996, ahead dinner, the real winners were the charities with more than R2.5
of the event. million donated to them, raising the amount that the event has
Saturday morning arrived and it was time for the champions of generated over the years to over R23.5 million.
their respective fields to battle it out on the fairways and greens. The entire golf event provided vast networking opportunities
One of the big hitters here was 2007 Rugby World Cup cham- and no doubt many business prospects were discussed throughout
pion, Victor Matfield, who, together with his partner Fourie du the weekend.
Preez won the Betterball competition last year. “I had the privilege to play a practice round with the former
“I was lucky enough to play pretty well last year…coming chairman of Alexander Forbes, Sello Moloko, which is good
second in the individual competition. They said to us last night no because he’s in the private sector, and we’re now looking at future
one has ever defended their title successfully, so hopefully we can dealings. There’s been many others. Also one has had the opportu-
do it this year,” said Matfield. nity to meet some of the previous sports personalities like Jimmy
Champion sport stars, business leaders and television personal- Tau and the Ndungane brothers, the rugby players,” said Industri-
ities alike battled it out on the course, but all were looking forward al Development Corporation CEO Geofrey Qhena.
MORE OLYMPIANS IN
SOUTH AFRICAN
POOLS
South African swimming sensation Chad le Clos
still has plenty he wants to achieve in the pool,
but tells FORBES AFRICA he has also recently
embarked on a project he hopes will
create a new generation of Olympic gold medallists.
BY NICK SAID

C
had le Clos recently returned be swimming in those events, they were though I also believe that we should have
from the Commonwealth Games specialists in other disciplines. medalled in the 100-meter freestyle relay.
on Australia’s Gold Coast, where “Earlier, we had finished sixth or seventh “But it was maybe not the team that
he grew his legend further with [in the heats], so to touch in third ahead of should have gone, none were specialist
three gold medals, a silver and a bronze. Scotland in the final was amazing and it felt 100-meter freestyle swimmers and although
He has now set his sights on the World like a gold medal to me. everybody did great times, it wasn’t enough,
Swimming Championships in Hangzhou, “It was really tough, but the guys put it which was a big disappointment for me.”
China, in December, as well as the next together when it mattered and that makes it Le Clos is already South Africa’s most
Olympics in Tokyo in two years’ time, where really special.” decorated Olympian with a gold and three
he expects to face greater challengers as a Le Clos confirmed his status as South silver medals, a haul he is looking to add
new group of young swimmers emerge. Africa’s premier athlete in the pool with to in Tokyo, something he says will be
The 26-year-old’s favorite medal from golds in the 50-, 100- and 200-meter increasingly diicult with a new generation
the Commonwealth Games did not come butterfly events, as well as a silver in the of swimmers coming through.
from his individual haul of golds, but was 100-meter freestyle. “You can see them emerging and wonder
rather the bronze he collected in the 4 x “The butterfly treble was great because how good they will be in two years,” Le Clos
100-meter medley race, which gives an nobody has done that before and it was a big says.
insight into his psyche. Swimming is mostly goal of mine. To win my third consecutive “There is an 18-year-old Hungarian
an individual sport, but Le Clos is clearly a 200-meter butterfly gold was also very boy [Kristóf Milák] who is already just
team player. special as it means I have now been one second of the world record in the
“Truthfully, the best race for me was Commonwealth Games champion for eight 200-meter butterfly. I think I will have to
the relay on the final day when we got the years, which is a big achievement. swim pretty close to the world record to get
bronze,” Le Clos tells FORBES AFRICA. “So from a personal point of view, I was gold.
“We had guys that weren’t meant to happy with my individual achievements, “But it is also exciting for world

92 | FORBES AFRICA JUNE 2018


FORBES AFRICA

SPORT – CHAD LE CLOS

Chad le Clos is thinking of


life outside of the pool and
hoping to launch swimming
academies across South
Africa, as well as overseas
Photos Gregory Shamus and Mike Marsland via Getty Images

JUNE 2018 FORBES AFRICA | 93


FORBES AFRICA

SPORT – CHAD LE CLOS

swimming and the sport. You need new


stars and as an individual, that pushes you
to work even harder. It is a major source of
motivation.”
Le Clos is no veteran, but he has already
been in the South African swimming team
for close to 10 years and is thinking of life
outside of the pool with the recent launch
of the Chad Le Clos Academy in his adopted
hometown of Cape Town.
His dream is to have academies all over
South Africa, as well as internationally, with
five more planned to open before the end of
the year. YOU NEED NEW
“It has been a passion project of mine
for the last five years and finally we have STARS AND AS
managed to get it of the ground,” he says.
“We want to start with kids as young
AN INDIVIDUAL,
as five years old, initially showing them THAT PUSHES YOU
how fun swimming can be before later on
developing individual programs that will
TO WORK EVEN
help them achieve their swimming goals. HARDER. IT IS A
“And those goals don’t have to be to
make it to the Olympics. It might just be MAJOR SOURCE OF
to swim for their school, or make it to the MOTIVATION.
national finals. But obviously it is a dream
of mine to develop boys and girls to swim
for South Africa at the Olympics; that would
just be unbelievable and something I would would do when we train for the Olympics. “There has been an amazing response
cherish for the rest of my life.” “But you would not ask that 11-year-old so far and it is the program that we will
Le Clos has helped develop the rugby player to train against The Beast franchise out. Hopefully, we will have
swimming program for the Academy, the [Springbok Tendai Mtawarira], it would be another five opening in the next six months
first of which is based in Claremont in the madness. all over South Africa.
Mother City, which he says is very diferent “So it is all about pacing the training “We will be training the coaches
to how kids are traditionally trained in correctly to ensure that our swimmers according to our program, and the hope is
South Africa. peak at the right age and continue to have to take it international, but for now we just
“I have always been of the opinion that the love for swimming. They must want to want to have it running smoothly in South
we push kids too hard in their early years. get into that pool, not see it as a chore and Africa first.”
So by the age of 17 or 18 they are burned out something they dread. Le Clos believes he has another “six or
in the pool, or they have left the sport before “We also teach the kids respect for the eight” years left to compete in the pool and
then because it is all too much. sport and respect for their coaches, no hopes one day to perhaps have one of his
“The example I always use is, if you have matter what background they come from pupils as a national teammate.
two boys, both aged 11, one is a swimmer or how talented they are. That is very “I said to my Dad [Bert] the other day
and the other a rugby player. important to me.” how it would be a dream of mine to walk
“Traditionally, that swimmer would be The ongoing drought in Cape Town has a kid to the Olympics. It would mean so
in the pool doing 65 kilometers a week, the scuppered plans for a purpose-built facility much to me. Maybe that will happen while
same training schedule as myself, Cameron for the first academy, but that will come, I am still on the national team, and we swim
van der Burgh or Tatjana Schoenmaker according to Le Clos. together, wouldn’t that be something?”

94 | FORBES AFRICA JUNE 2018


FORBES AFRICA

SOMETIME IN AFRICA

THE CLASS OF 1976


The schoolchildren who took part in the protests that led to the ‘Soweto
Uprising’ – sometimes, you can still hear their singing and chanting.
BY MOTLABANA MONNAKGOTLA

I photographed Moloto at their then assembly point and his face was
a picture of grief as his mind raced back to the tragic events of the day.
The school has been renovated since but in the older building are still
some vestiges of that time – broken windows and furniture.
A few weeks later, I met with Barney Mokgatle, another of the 1976
class, at his home in Alexandra in Johannesburg.
He too talked me through every painful detail of the uprising; he
also said Pieterson was not the first student shot at the march.
Mokgatle was one of the many who went into exile after the day.
“The police were hunting for us, we could not sleep in one place for
two nights because there were people selling us out,” he said.
Mokgatle was the right hand man to Tsietsi Mashinini who led the
march and later died in exile. He recounted their escape and journey to
Botswana through the bushes without fear of the wilderness around
them, with their other friend Selby Semela.
And then he started singing; the masculine man had a voice of the
angels. It was remarkable. As soon as the humming started, I almost
shed a tear, I could feel their struggle and strength as they dodged
Barney Mokgatle
bullets and teargas in the Soweto streets wearing blazers and ties,
some running with missing shoes.

I
t’s not often I find myself driving past the Hector Pieterson But at that moment as he continued talking, they were crossing
Memorial and Museum in Orlando West, in Soweto, an urban serene bushes unaware of the hungry beasts lurking in the dark
township in Johannesburg, where I live. around them, all the way to the borders of Botswana.
But come June 16 every year, I invariably steer my car to the A few days later, we met again for a photoshoot, where a statue
site, mentally revisiting the bloody carnage of 1976; the peaceful student of his friend Mashinini was being erected not far from the Morris
protest and the police firing that led to an iconic photograph the world Isaacson school. Mokgatle does not come to Soweto often but when
came to associate with South Africa’s brutal apartheid regime. he saw the statue, he paused, staring at it for a long time. He finally
Two years ago, incidentally, one of my assignments with FORBES turned and sauntered to a wall where he showed me a collage of his
AFRICA was a story on the student rebels of the ‘Soweto Uprising’. two friends and himself.
Thankfully, the museum gave me three vital leads to help me This story wouldn’t be complete without mentioning my
reconstruct the day etched in blood in South African history. interaction with the ‘girl’ in the iconic photograph of Pieterson taken
It was a Tuesday when I met my first contact, Oupa Moloto, who by journalist Sam Nzima (see pages 52 and 54).
Photo by Motlabana Monnakgotla

was a student at the Morris Isaacson High School in Soweto where it Antoinette, Pieterson’s older sister, is 58 today. “I saw Mbuyisa
happened. “On the day of the event, the school started a little earlier; the [Makhubu, the boy carrying Pieterson in the famous photograph]
mood was diferent, the students were excited but the teachers couldn’t coming from nowhere; I didn’t know him at the time. He was running
pick it up,” recalled Moloto of the first stirrings of the protest against towards me, he passed me. I saw he was carrying a person and I could
the mandatory use of Afrikaans as a language of instruction in black recognize Pieterson’s shoe, I ran with him,” she recalled emotionally.
secondary schools. Today, as I walk the streets of Orlando, I cant but reminisce the
After the interview, I visited the school and walking around, could words of these brave people and I think of the privileges I enjoyed
sense the nervous excitement of the students like it was 42 years ago. I growing up; being able to choose between either isiZulu or Afrikaans as
could hear their voices, their singing and chanting as we stood where the a second language in school.
last assembly was held before the shots were fired at them. Thanks to the class of 1976, we have the freedom.

96 | FORBES AFRICA JUNE 2018


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