Eric Kinoti
Eric Kinoti | |
---|---|
File:Kinoti.png | |
Born | |
Nationality | Kenyan |
Citizenship | Kenya |
Occupation(s) | Businessman, Industrialist, Entrepreneur shade systems EA.ltd |
Years active | 2009–present |
Known for | Business, Philanthropy |
Title | CEO and founder Shadesystems |
Website | www |
Eric Kinoti CEO (Shadesystems EA.ltd)[1] is a Kenyan businessman of African descent born in Mombasa on 8 March 1984. Along with being the Founder and CEO of Shade systems EA.ltd, a million dollar enterprise that has a presence in over 6 countries,[2] he is on the boards of several prominent East African companies. He has won several awards in East Africa and internationally.Has gained recognition of his entrepreneurial endeavours and is also a noted philanthropist. He is the Kenyan youth patron in the Kenyan chambers of commerce and received recognition as a youth entrepreneur from president Kenyatta.[3] Apart from appearing in Forbes 40 Under 40 Most Promising African Entrepreneurs twice,In 2014 Kinoti was named in forbes 30 Under 30 Most Promising African Entrepreneurs [3] In the same year,he received SOMA Awards 2014 Most Influential SME Personality
Early life
After college Kinoti worked as a cashier in a hotel in Malindi and that's where his entrepreneurial journey truly began. Since he worked in the night shift,Kinoti spent his day time buying and distributing eggs around Malindi town. A few years later, he moved to Nairobi where he distributed milk to hotels in the city. [3]He, Kinoti, grew up in Meru, where he assisted his father in the shop as a cashier after school. Kinoti has conceded that, “I started Shade System Company aged 24 with only five employees and a seed capital of Sh60,000. I saw a business gap because this sector was predominantly controlled by non-Kenyans,’’[3] an attestation to his humble beginnings. However, his father, a shop owner, was determined on giving the young Kinoti the best educationavailable.
Education
Mr.Kinoti attended St. Martins Boarding Primary School, Abothogochi Academy, Nkubu High School and earned a Diploma in Business Management from Tsavo Park Institute.[3]
Business
Eric Kinoti immersed himself into entrepreneurism completely in 2007 With a capital of just KSh 20,000 (about $200) He started buying milk from Kinoo and Kiambu and supplying the city hotels both in Nairobi and Mombasa.[4] With a saving of Ksh 60,000(US$600) he borrowed almost KSh2 million (US$20,000) from a Shylock in 2009, I set up Shade Systems where he ended up paying back the money with a million shillings as the interest.He claims that was the worst decision he has ever made. [5] His company, Shade Systems (EA) Ltd which manufacture and supply military and relief tents, branded gazebos, restaurant canopies, car parking shades, marquees, luxury tents, wedding party tents canvas seats and bouncing castles across the region emerged 2nd runners-up and best in manufacturing category in 2014 Top 100 mid size companies in Kenya. Today, Kinoti sits atop five powerful companies in Kenya and has been on Kenya’s government delegation to several international economic meetings.[5] Apart from Shade systems (EA) ltd,Eric Kinoti is also a founder and director of Alma Tents Ltd, Bag Base Kenya Ltd and SafiSana Home Services Ltd.[4] With the onset of the 2009 and 2014 came the expansion Shade Systems to other countries such as Rwanda, Somalia, Congo, Southern Sudan, Uganda and elsewhere with Mr.Kinoti being charged with business affairs in East and Africa|region [5] His company, Shade Systems (EA) Ltd, emerged 2nd runners-up and best in manufacturing category in 2014..[5] His personal business interests are extensive and span the vast of the Kenyan economy.Kinoti has clients all over the African continent and is one of the leading suppliers of all kinds of tents, gazebos, shades and bouncing castles.[3] Kinoti has been regarded as the Warren Buffet of Africa by the sun news [5]
Philanthropy
Having gone through hard times and alot of challenges,Kinoti's desire and dream is to motivate and mentor young entrepreneurs and start-ups to break through. He has been organizing workshops and forums for young entrepreneurs across Africa named Entrepreneurs' Boot Camp with Speakers from all parts of Africa to join budding entrepreneurs, start ups, business leaders and industry champions to share experiences, network,earn , do business and pitch to investors [6] Kinoti also shares his two cents on borrowing and savings for entrepreneurs and businesses [7]
Personal life
Kinoti is married to a wife with whom he has one child. He lives in the Westlands suburb of Nairobi, Kenya.
References
- ^ "Business Center Interview with Eric Kinoti, CEO â€" Shade System". 29 October 2014.
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: line feed character in|title=
at position 26 (help) - ^ "From a shoestring start-up to leading supplier of tents". 16 August 2015.
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at position 30 (help) - ^ a b c d e f "ERIC KINOTI: YOUNG KENYAN ENTREPRENEUR TO WATCH". 7 January 2015.
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at position 26 (help) Cite error: The named reference "entrepreneur" was defined multiple times with different content (see the help page). - ^ a b "Eric Kinoti eLearning: Entrepreneurship – How to start small and how to manage growth". 1 September 2015.
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at position 23 (help) - ^ a b c d e "Shade Systems entrepreneur Eric Kinoti;I make millions but I'm not a millionaire...yet". 8 November 2014.
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at position 27 (help) Cite error: The named reference "man" was defined multiple times with different content (see the help page). - ^ "TwendeMara Boot Camp is Finally Here". 19 December 2014.
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at position 24 (help) - ^ "Borrowing vs Savings for Entrepreneurs and Businesses by Eric Kinoti". 1 July 2015.
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