When Stephen Kiruri graduated from university in Kenya, he had trouble finding employment. Family members and relatives kept asking him to handle their errands. So much so, that Stephen finally resolved to charge for his service -- which led to the birth of Petty Errands. Today, Petty Errands is one of the most successful courier services in Nairobi, and Stephen has been recognized as the “Most Inspiring Business Person” by Kenya Television Networks. Stephen's current decision is whether to continue the business on his own, or whether to sell a minority or majority stake to raise capital for further expansion.
The birth and growth of Stephen Kiruri's small business, along with those of other small firms, are now being captured in case studies shared across several African universities. They are serving as learning tools for Africa's small entrepreneurs seeking business knowledge through real-life “case studies”of small firms. In Nairobi, with IFC’s help, three universities --Kenyatta, Jomo Kenyatta University of Agricultural & Technology, and Strathmore -- have researched dozens of small firms and disseminated the results in Kenya and abroad.
The work is now being taken up beyond IFC by a consortium of universities dedicated to the dissemination of business knowledge globally.
For more case studies developed on small business experiences in Africa, click here.
For more information on the work of the international business school consortium dedicated to disseminating business knowledge in Africa and worldwide, click here.