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Entrepreneur's Corner

A New Dawn For Kenyan Entrepreneurs

BY Steve Biko Wafula · October 23, 2024 05:10 am

KEY POINTS

Being an honest entrepreneur in Kenya today is a rebellion, a quiet revolution against a system that rewards theft and punishes virtue. It takes a unique kind of courage to build when you know your competitors are stealing their way to the top. 

KEY TAKEAWAYS

Let our stories serve as beacons to those who come after us. By refusing to bend to the allure of corruption, we set an example that a better Kenya is possible. Imagine a future where young entrepreneurs don’t feel pressured to compromise their morals to succeed.

As a Kenyan entrepreneur, the past three years have been a trial by fire. Each day, a new story emerges, a familiar face is implicated in a scandal, another staggering sum disappears into a shadowy void, and our ambitions waver. The natural urge to measure success against the accomplishments of others has become a silent toxin. Too often, those accomplishments come not from hard work or innovation but from connections, kickbacks, and the plunder of public resources. For the true entrepreneurs—the builders, dreamers, and problem-solvers—this shadow casts doubt. Yet, it’s imperative now more than ever that we find courage in our principles and a steadfast commitment to integrity.

In a world where ill-gotten wealth is flaunted and celebrated, choosing the narrow path of honesty can feel like weakness. But make no mistake: we are in a race, though not one against the thieves who have plundered our society’s coffers. Ours is a race against ourselves—a test of our resilience, our ability to innovate, and our will to persevere. As others shortcut their way to temporary gain, we hold the line for a future where prosperity is built, not stolen. Our impact may not be broadcast on prime-time news, but it’s rooted in something stronger than any scandal—authenticity.

Throughout history, great innovations and industries were built not by those seeking easy wealth but by those committed to a higher purpose. Think of figures like John D. Rockefeller or Thomas Edison, who endured failures, endured ridicule, yet carved a legacy. They didn’t become iconic through overnight success but by creating value that reverberated through generations. Let us remember that we too are laying foundations, not merely for our benefit but for future Kenyan generations. Our businesses—no matter how small or struggling today—are part of this tapestry.

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This struggle is real, and at times overwhelming. For every honest Kenyan business struggling to meet payroll, there’s a corrupt official siphoning millions from public projects. The temptation to bend the rules, to join the ranks of the corrupt, may whisper promises of comfort and validation. But true success doesn’t come from empty prestige; it comes from knowing we didn’t compromise who we are. As entrepreneurs, we’re called to redefine success—not by the accumulation of wealth, but by the impact of our work and the integrity of our actions.

Building a business with integrity requires grit. A recent study by the Kenya National Bureau of Statistics showed that nearly half of small businesses in Kenya don’t survive past their third year. Most of these entrepreneurs didn’t fail because of poor ideas but because of barriers created by corruption, nepotism, and an unfair economic landscape. As the odds stack against honest businesses, it can be easy to fall into despair. Yet every hurdle crossed and every battle fought builds a foundation for long-term growth.

The global market may seem skewed in favor of those who exploit it, but our efforts have far-reaching impacts beyond mere profit. Every job created by a genuine entrepreneur contributes to Kenya’s GDP, supports families, and strengthens communities. We may not be recognized on the same platforms as those with ill-gotten gains, but our contributions are woven into the fabric of our economy. For every honest business that thrives, an alternative is created to counter the narrative of Kenya as a land of corruption. We are proving that it is possible to build wealth ethically.

Looking back at the journey, the choice to stay true may appear unrewarding in the short term. But remember, success built on integrity outlasts the fleeting power of ill-gotten wealth. Corruption may seem unstoppable, but history shows that even the most entrenched systems of exploitation collapse eventually. We don’t need to look far for evidence—companies built on shortcuts, from Enron to Theranos, crumbled spectacularly. The same will hold true for those in our midst who build on the shaky ground of corruption.

Being an honest entrepreneur in Kenya today is a rebellion, a quiet revolution against a system that rewards theft and punishes virtue. It takes a unique kind of courage to build when you know your competitors are stealing their way to the top. But in this struggle, we find ourselves. In our relentless pursuit of an honest day’s work, we become not just entrepreneurs but custodians of a Kenya we wish to see thrive. Our businesses represent hope for a country struggling to cleanse itself of corruption.

Our journey is not in vain. Data suggests that societies with higher levels of trust and integrity in business have stronger economies, better public services, and healthier populations. In countries like Singapore, where corruption was systematically eradicated, business thrived, foreign investment surged, and innovation flourished. Kenya, too, can follow this path, but only if entrepreneurs are willing to pave the way. Our choices today will determine the landscape of Kenyan business tomorrow.

The sacrifices we make may go unrecognized by those who see wealth as the ultimate measure of success. But true wealth lies in the dignity of our labor and the legacy of our actions. The generational impact of our work is not something that can be stolen. It’s something that is nurtured, built, and passed down. Our businesses may struggle today, but they will become tomorrow’s pillars of strength, symbols of what honest entrepreneurship can achieve in the face of adversity.

As we struggle to compete against giants with unearned fortunes, let us remind ourselves that our victories, though hard-won and fewer, are real. Each client served, each employee hired, each product crafted and sold with honesty brings us closer to the vision of a Kenya we all dream of. We are not merely participating in commerce; we are creating an economic landscape where merit can thrive over theft.

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Let our stories serve as beacons to those who come after us. By refusing to bend to the allure of corruption, we set an example that a better Kenya is possible. Imagine a future where young entrepreneurs don’t feel pressured to compromise their morals to succeed. Imagine a society where innovation is encouraged, where hard work is respected, and where success is earned. That future may seem distant, but it begins with the choices we make today.

It is not enough to avoid corruption; we must actively cultivate integrity. Integrity, like any skill, grows stronger with practice. The more we choose honesty over shortcuts, the more resilient we become. This resilience is our greatest weapon, for even when corruption seems insurmountable, integrity has a way of piercing through. It may not yield immediate results, but it builds a foundation that cannot be easily destroyed.

To my fellow entrepreneurs, I urge you: hold fast. Do not let the theft around you poison your spirit. Every honest venture, no matter how small, chips away at the culture of impunity that has plagued our nation. Our businesses are the antidote to a system that has for too long rewarded dishonesty. By staying the course, we are proving that wealth built on ethics is both possible and sustainable.

While the allure of quick success may be tempting, remember that the true measure of an entrepreneur is not found in his profits but in the impact his work has on others. By choosing integrity, we elevate not just ourselves but our employees, our communities, and our country. Let us forge a legacy that doesn’t end with us but inspires the next generation to dream bigger, to build better, and to live with purpose.

Therefore, the path of integrity is not an easy one, but it is undoubtedly the one worth taking. It demands sacrifice, resilience, and a vision that extends beyond personal gain. Our role as Kenyan entrepreneurs today is not merely to survive the storm of corruption but to rise above it and set a new standard. Together, we are sowing the seeds of a brighter, more equitable Kenya. Let us continue this journey with unwavering conviction, for in the end, the rewards of integrity far surpass the fleeting gains of dishonesty.

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Steve Biko is the CEO OF Soko Directory and the founder of Hidalgo Group of Companies. Steve is currently developing his career in law, finance, entrepreneurship and digital consultancy; and has been implementing consultancy assignments for client organizations comprising of trainings besides capacity building in entrepreneurial matters.He can be reached on: +254 20 510 1124 or Email: info@sokodirectory.com

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