Meet the women taking their place as CEO’s in Kenya
A lot has been said about women entrepreneurs in Kenya. Women have distinguished themselves and we have trailblazers like Tabitha Karanja of Keroche Industries, Flora Mutahi of Melvin’s Tea, Gina Din Kariuki of Gina Din Communications, Judith Owingar of AkiraChix, Lorna Rutto of Eco posts, Ruth Mwanzia of Koola Waters, Shikha Vincent of Shikazuri and Michelle Ntalami of Marini Naturals to name a few. Entrepreneurship is mainly about business skills, determination, resilience, networking, and social impact. Women are working their way into this area and are slowly but surely making headway. A lot of focus and support has been given to women entrepreneurs through grants, training, access to finance and favorable government policies like Access to Government Procurement (AGPO) to name a few. More women are encouraged to participate in this sector. Women in the corporate world have an uphill task to get their place and break all the glass ceilings. Sheryl Sandberg – COO of Facebook, in her book LEAN IN, gives insights into what the life of a woman in corporate America is and how to maneuver it. According to Fortune.com, there were 27 women at the helm of Fortune 500 companies as at January 2018. How about corporate Kenya? I admire women in the corporate world because apart from the normal barriers they encounter and overcome, boys club mentality, patriarchy, high technical skills, experience, glass ceiling mentality (Gender stereotyping), sexual harassment, inflexible working conditions and integrity. The corporate world is harsh and cutthroat. The impact is mostly measured in terms of PROFITS and PROFITS. Only recently have corporates embraced a wider scale to measure the impact of CEO’s to include social impact, teamwork, employee innovation and customer retention to name a few. This shift gives women a chance to shine as their natural skills of collaboration and teamwork are an asset. Entrepreneurship is forgiving on the requirements of higher education and experience. A person with a basic education can quickly become a business mogul. However, in the corporate world, experience and education have a lot of weight. The current trend to consider leadership, softer skills and strategic leadership has made it more accessible for women. Due to gender roles and social pressure, many women in the past were not in a position to access higher education and therefore did not get promotions to enable them to rise up. Currently, women are taking up chances to improve their education hence giving them more edge to compete in the corporate world. Experience is a matter of time; men had an advantage of this. In the last 20 years, women have proved that given a fair chance they too climb the corporate ladder right up to the top. Why do we need women in CEO positions? People in the corporate world manage a large amount of money and direct how it is used. Gender diversity has also been proven over the years to increase profits and performance of corporations. Therefore, further inclusion of women has been proved to attract talent in the boardrooms where innovative solutions are created. Invariably more women-friendly products and policies emerge from companies that are managed by women. After all, women are 50% of the consumers of products and services. The simple fundamental reason why women should be in the corporate world is that it’s fair and inclusive to do so. In Kenya, we have many distinguished ladies at the helm of corporates and organizations. This has increased recently, but to date, only 2 women lead corporations listed on the Nairobi Stock Exchange i.e. Maria Msiska of BOC (until 2016) and Nasim Devji of DTB Bank. We can do better. Here are examples of Women CEO’s in Kenya: Jennifer Riria is a pioneer of women in CEO position and has been holding this and similar positions in the microfinance and banking industry for 20 years. She is the CEO of Kenya Women Holdings that has a subsidiary Kenya Women microfinance Bank which is a leading bank for women entrepreneurs. She is a Ph.D. holder and has a Degree and Master degree as well. Stella Njunge: CEO of Sanlam Life, part of Sanlam Kenya Group. She has over 15 years’ experience in the insurance industry, a CPA(K), CPS(K), and holds a degree and masters. Stella also has over 16 years’ experience in Insurance. Catherine Karimi: CEO of APA Life part of Apollo Group a leading insurer in Kenya. She has 18 years’ experience in Insurance industry, a degree, postgraduate certificate in Actuarial Studies, and is a member of Chartered Insurers (UK). Rita Kavashe: is the CEO of General Motors East Africa, Kenya with 35 years’ experience working at GM. She has a degree and postgraduate certificates and rose through the ranks. Phyllis Wakiaga: is the CEO of Kenya Association of Manufacturers. She has a law degree, Higher Diploma in Law and Human Resource Management, Master Degrees in International Trade and Investment Law and Business Administration. There are many more female CEO’s in Kenya. The common items in their profiles are EDUCATION AND EXPERIENCE. This is a true testament that education is an equalizer. Given equal opportunity and based on merit, women can excel and are excelling in the corporate world. Girls need to be encouraged to plan their career path early to help them reach the top CEO positions to bridge the current gap. I look forward to more women taking up the CEO roles and reducing the barriers to getting there. Got an article you’d like to share with us? Share your story with us here.
#SisterhoodGoals: 2 things to learn from Lupita Nyong’o and Danai Gurira
Lupita Nyong’o and Danai Gurira are history makers individually and now, collectively. Eclipsed, the play Danai wrote and Lupita stars in, is the first Broadway production that has a female playwright, a female director, and an all-female cast. The play which premiered last week has received incredible reviews, and we, of course, expected nothing less from these powerhouses. Here are 2 things we learned about sisterhood, friendship, and business from these Motherland Moguls. Keep your promises, even if it takes a couple of years When Lupita arrived at Yale, the first role she was assigned to was to be an understudy in Eclipsed (written by Danai). From then on Lupita promised herself that she would one day do this play. She even mentioned the play in her first Vogue cover story and after a run at the Public Theater in 2015, Lupita emailed Danai and told her “Let’s do Eclipsed” and the rest is history. Have you promised to take a look at your friends resume or give feedback on a new purse design? Stop procrastinating and follow through on your commitment. As friends and sisters, we need to lend each other a helping hand. Your passion can inspire others In Variety magazine Danai stated “It’s very clear to me what my drive is. I tell African women’s stories. It doesn’t mean I don’t do other things, but that’s my thing. It’s rooted in a passion for that, and it’s rooted in a rage because I feel that they are so under- and misrepresented. I’m trying to link these two places, and have Africa be seen by the West in a more multidimensional, complex and celebratory way.” For Lupita, when she was deciding where to go to drama school, she was nervous about only doing work that focused on the Eurocentric point of view. When she arrived in the States from Kenya, she was so grateful that the first play she received was written by an African woman and focused on powerful female characters. Danai followed her passion and created a play that has given other young African women the opportunity to shine. Lupita was inspired and motivated by the play at the beginning of her professional acting career. How many other young, African women have been inspired by Lupita’s acting and activism all across the globe? Are you genuinely following your passions or you just managing with what you can do? You never know the impact your business idea, non-profit or role in a company can have on others. By following your passion, you can inspire and motivate others to achieve their goals. It can be easy to lose yourself on the journey to success. Sisterhood can challenge us to become better versions of ourselves and help us remember what is truly important. Sisterhood in our communities connects all of us like a spider web. If one part of the web tears we all feel it. Think about what we could collectively accomplish if we all kept our promises and helped motivate others like Lupita and Danai.
What you can learn about leaps of faith and other career lessons from Isis Nyong’o Madison
Isis Nyong’o Madison is a tech entrepreneur, investor and influencer in the African entrepreneurship scene. Aside from being named as one of the youngest power women in Africa, she is a principal at strategic advisory and investment firm Asphalt and Ink and previously served as the Vice President and Managing Director at InMobi and Google’s Business Development Manager in Africa. With numerous nods, including several acknowledgements from Kenya’s Business Daily’s Top 40 under 40 Women, Isis Nyong’o Madison is someone all young African women need to look up to. We went through some of her interviews and learnt a few career lessons. 1. Take a leap of faith Kenya in recent years has been touted as the hottest tech hub of Africa but in 2002, this was not the case. Isis chose to come back to Kenya against the advice of a career officer at Harvard in order to pursue tech opportunities in the market. Even if the steps you want to take in your career do not look like the correct ones to others, you need to be able to critically review advice from others and draw your own conclusions. Coming back to Kenya was a leap of faith for Isis and it has paid off. 2. Take a chance on you While she was still a student, Isis flew out to London on her own dime, to meet with MTV Africa head Alex Okosi. This is because she felt that she was the right person for the job. Taking a chance on yourself means not giving up on an opportunity you think suits you no matter the obstacles. 3. Make a decision and stick to it To achieve anything in life, clear decisions need to be made. Once you have decided what direction your career should take, it is important to stick to it. Isis has said in numerous interviews that there are no quick wins. Success takes time; you need to give yourself time. Isis has declined higher paying jobs in her career that did not meet her own personal goals of challenging work, responsibility, and growth. 4. Build/create/do something worthwhile It is not enough to just focus on moving up the ranks, you need something to show for it. It is just as important to build a track record or building something on your own or within a company no matter what role you are in. This is definitely something that can be said of every role Isis has held. 5. Be confident No one is going to hand it to you. You need to go after the career or promotion you want. Once you have taken the time to build something worthwhile, do not be afraid to show it. Use it as a portfolio to show just what you have accomplished and make it hard for anyone to pass you up for or question your promotion. Isis has been asked several times by people with more seniority than her whether she can do the job and her response as always been yes. You’ve shown you can do it, now prove it. 6. Be open to learning You can never learn anything enough and Isis knows this. Take every opportunity you can to learn something new. As Isis puts it, “learn about new ideas, build a new skill or deepen your understanding about a subject you are already familiar with.” 7. Be committed After it’s all said and done, Isis truly does commit to her work. In an interview with Forbes Africa magazine, Isis said about her former firm, “As we are a global organization (InMobi), there are often conference calls in the middle of the night and early hours of the morning. InMobi never sleeps.” To grow your career, you should be willing to give that level of commitment to your career.