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Murdoch to empower 1,000 African entrepreneurs

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Charlie Gunningham
// // A new partnership between Murdoch University and the South African-based 'Kingdom Business Network' has been announced.

// A new partnership between Murdoch University and the South African-based ‘Kingdom Business Network’ has been announced.

The Kingdom Business Network (KBN) is a programme created and funded by the South-African diversified investment company Beryl Group, to inspire entrepreneurs to create and acquire sustainable wealth, providing resources and training to build and develop their communities.

KBN Chief Executive Officer Joarina Matthys and four of its entrepreneurs were hosted by Murdoch University for a panel at the 9th Annual Africa Australia Research Forum. They met with Murdoch Alumni, members of the Perth African diaspora and entrepreneurial community.

The KBN was founded 10 years ago by Neverl and Beryl Kambasha and has a goal to empower 1,000 entrepreneurs across Africa by 2022.

“We are passionate about developing quality entrepreneurs who will have a positive impact on their communities,” Joarina said.

“After ten years of operation in South Africa we have made the decision to expand our reach, to other parts of Africa and to seek partnerships within Australia, including with Murdoch.”

Murdoch University Africa Research Group Chair David Doepel said Murdoch was keen to understand what structures facilitated creative and innovative thinking, and to harness the formidable African brain power globally.

“This is absolutely critical to Africa’s participation in the creation of the 4th Industrial revolution,” David said.

“Our digital interconnectedness holds great promise, but it only works if we have the human networks formed to leverage the digital ones.

“We have been exploring how we can be more embedded with each other to ensure the success of this burgeoning phenomena on the continent.”

Mr Doepel said there were 314 tech hubs in Africa in 2016, which had grown to more than 618 in 2018.

“More than 50 per cent of those tech hubs have incubators with in-kind support for idea and early stage start-ups, developing innovations in agtech, healthtech and fintech focused on African solutions for African opportunities.

“Coming together to ensure the success of these entrepreneurs, and finding ways to straddle continents with ideas that lead to businesses that solve problems, exploit opportunities, create jobs and deliver inclusive growth, is the work we must support,” said David.

Ms Matthys said the KBN could also provide a trusted partner for companies interested in investing in African companies or your partners in Africa.

“A key role we play is developing and maintaining strategic partnerships to create a web of networks for our entrepreneurs as well as for people looking for opportunities in South Africa and Africa generally.

“We understand how government and local systems work; if you don’t know who to trust we are the place to come to.”

~~

PHOTO: KBN panel at Murdoch University earlier this week (photo supplied).

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Charlie Gunningham

Former co-founder aussiehome.com, GM reiwa.com, CEO Business News and Accelerating Commercialisation adviser. Charlie has spent 20+ years in Perth's startup scene, as founder, mentor, adviser, writer and investor. There's nothing he likes more than helping early stage tech startups ... and drinking coffee, shiraz or playing in a blues band. Email Charlie here.

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