Updated: Mar 23
First Entrepreneurs One Stop Centre Launched in Kenya.
NAIROBI, Kenya, 27 Feb, 2020 - Wylde International has invested Sh50 million in the first one stop shop entrepreneurs Centre in the world in Nairobi dubbed SNDBX.
Left. SNDBX Founder, Joram Mwinamo next to Nairobi Senator, Hon. Sakaja Johnson, Centre left cutting ribbon with Mr David Odera, Board Chair of Wylde International (Centre right), Nicholas Colloff of Argidius Foundation and British Deputy High Commissioner to Kenya, Ms Susie Kitchens (Right) witness the launching of SNDBX, an SME one-stop centre with 24 professional services to support SMEs.
The centre gives entrepreneurs and SMEs timely and personalised access to round the clock business growth experts to help face challenges they are experiencing.
The centre is an all access pass to more than 20 experts including finance, human resources, tax, legal, branding, marketing, debt collection, innovation, governance and risk management among others.
Speaking during the launch Wylde International Managing Director Joram Mwinamo and Founder of SNDBX, says the move was necessitated by the need in the market to help entrepreneurs scale up.
"An environment where ambitious entrepreneurs have supporting cast of seasoned professionals. The SNDBX is a First of its kind in the world, developed over 10 years of working with entrepreneurs, it's designed to ensure sustainable models for business support through a proven methodology localise for the African ecosystem," Mwinamo added.
The move comes even as SMEs in the country struggle to get past the five-year mark.
Latest data from the Kenya National Bureau of statistics indicate that about 400,000 SMES close shop annually in the country with 46 percent of them dying in the first year of establishment.
Those SMEs which shut down especially in the first five years, attribute it to making losses, poor investment choices and market saturation.
"SNDBX will be the engine for entrepreneur growth, we plan to launch other centres in other cities in the country and replicate it regionally," he added.
Nairobi Senator, Hon. Johnson Sakaja applauded the move adding that the concept is what we need for entrepreneurs in the country
Left: SNDBX Founder, Joram Mwinamo, Nicholas Colloff of Argidius Foundation, British Deputy High Commissioner to Kenya, Ms Susie Kitchens and Mr David Odera, Board Chair of Wylde International celebrating the launching of SNDBX an SME one-stop centre to support success of SMES. Looking on (extreme right) is Esther Ndeti.
"We are excited that this was first launched in Nairobi County, " he noted.
On her part, British Deputy High Commissioner to Kenya, Ms Susie Kitchens says the world is watching Kenya as it makes this innovative and disruptive entrepreneurial concept and it will go a long way in building big business in Kenya and the region.
Kenya's SME sector constitutes 98 percent of the businesses in Kenya and provides 30 percent of annual employment.
Here's a few highlight pictures of the event:
Here's some speeches from some of our guests of honour: