• About Us
  • Privacy Policy
  • Contact us
Vutivi Business News
  • Home
  • News
    KZN man’s stolen dream

    KZN man’s stolen dream

    From street food to supplying a retailer

    From street food to supplying a retailer

    CHIETA is pushing for entrepreneurs to be part of main stream economy

    CHIETA is pushing for entrepreneurs to be part of main stream economy

    SMMEs let down as Seda and Sefa fall short of expectations

    SMMEs let down as Seda and Sefa fall short of expectations

    An economic development house built of sand

    An economic development house built of sand

    Boost for black SA and US businesses

    Boost for black SA and US businesses

    Trending Tags

    • COVID-19
    • Small Business
    • Job Creation
    • Spaza shops
    • SEDA and SMME
    • Small business and Seda
    • Africa
    • Soweto
    • Proudly South African
    • African Free Trade
    • Township and retail business
    • Tourists and South Africa
  • Agriculture
    Dumped chicken imports devastating poultry sector

    Dumped chicken imports devastating poultry sector

    Poultry investment will help the economy soar

    Poultry investment will help the economy soar

    Poultry sector wants chicken imports to end

    Poultry sector wants chicken imports to end

    The sweet taste of success

    The sweet taste of success

    Spha chickens are the pride of Bergville

    Spha chickens are the pride of Bergville

    Hydroponic farming is an effective alternative to regular farming

    Hydroponic farming is an effective alternative to regular farming

    Trending Tags

    • farming
    • Hydroponic farming
    • Women and farming
    • Small farmers and tobacco
    • Emerging farmers
    • Teen and farming
    • SMME and water farming
    • Covit-19 and farming
    • Black farmer and Olive Oil
    • Poultry farming
    • SA Poultry Industry
    • African agriculture
    • Commercial Agriculture
  • Tourism
    Woman run township BnB brushes off covid-19 effects

    Woman run township BnB brushes off covid-19 effects

    Minister pledges transparency on tourism fund

    Minister pledges transparency on tourism fund

    Tourism equity to accelerate transformation

    Tourism equity to accelerate transformation

    Tourism body warns of carnage if lockdown level changes

    Tourism body warns of carnage if lockdown level changes

  • Innovation
    An app for the township retail economy

    An app for the township retail economy

    An amazing online mall for SA SMMEs

    An amazing online mall for SA SMMEs

    Cellphone inventor’s dreams nearly crushed by government

    Cellphone inventor’s dreams nearly crushed by government

    Wits lecturer says SMMEs must go online

    Wits lecturer says SMMEs must go online

No Result
View All Result
  • Home
  • News
    KZN man’s stolen dream

    KZN man’s stolen dream

    From street food to supplying a retailer

    From street food to supplying a retailer

    CHIETA is pushing for entrepreneurs to be part of main stream economy

    CHIETA is pushing for entrepreneurs to be part of main stream economy

    SMMEs let down as Seda and Sefa fall short of expectations

    SMMEs let down as Seda and Sefa fall short of expectations

    An economic development house built of sand

    An economic development house built of sand

    Boost for black SA and US businesses

    Boost for black SA and US businesses

    Trending Tags

    • COVID-19
    • Small Business
    • Job Creation
    • Spaza shops
    • SEDA and SMME
    • Small business and Seda
    • Africa
    • Soweto
    • Proudly South African
    • African Free Trade
    • Township and retail business
    • Tourists and South Africa
  • Agriculture
    Dumped chicken imports devastating poultry sector

    Dumped chicken imports devastating poultry sector

    Poultry investment will help the economy soar

    Poultry investment will help the economy soar

    Poultry sector wants chicken imports to end

    Poultry sector wants chicken imports to end

    The sweet taste of success

    The sweet taste of success

    Spha chickens are the pride of Bergville

    Spha chickens are the pride of Bergville

    Hydroponic farming is an effective alternative to regular farming

    Hydroponic farming is an effective alternative to regular farming

    Trending Tags

    • farming
    • Hydroponic farming
    • Women and farming
    • Small farmers and tobacco
    • Emerging farmers
    • Teen and farming
    • SMME and water farming
    • Covit-19 and farming
    • Black farmer and Olive Oil
    • Poultry farming
    • SA Poultry Industry
    • African agriculture
    • Commercial Agriculture
  • Tourism
    Woman run township BnB brushes off covid-19 effects

    Woman run township BnB brushes off covid-19 effects

    Minister pledges transparency on tourism fund

    Minister pledges transparency on tourism fund

    Tourism equity to accelerate transformation

    Tourism equity to accelerate transformation

    Tourism body warns of carnage if lockdown level changes

    Tourism body warns of carnage if lockdown level changes

  • Innovation
    An app for the township retail economy

    An app for the township retail economy

    An amazing online mall for SA SMMEs

    An amazing online mall for SA SMMEs

    Cellphone inventor’s dreams nearly crushed by government

    Cellphone inventor’s dreams nearly crushed by government

    Wits lecturer says SMMEs must go online

    Wits lecturer says SMMEs must go online

No Result
View All Result
Vutivi Business News
No Result
View All Result
HomeHome Page

Businessman injects cool amount of cash to boost SMMEs

Tebogo MokwenabyTebogo Mokwena
December 10, 2020
inHome Page, Small Business
00
0

African industrialist Adam Molai who launched Jua Fund to help small businesses. Picture : Pacific Cigarettes

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedinShare on WhatsappShare on Telegram

Adam Molai is no stranger to when it comes to entrepreneurship. At 10 he was already selling boxes of matches.
Today he is a successful businessman and is helping fellow Africans break into the entrepreneurial space. The industrialist has launched a $1-million fund to help those who are keen on starting their own businesses.
Molai, who is originally from Zimbabwe, recognises that without entrepreneurs, economies cannot grow nor, can countries advance he said.
“But African entrepreneurs unfortunately do not get the support they need to thrive for a myriad of reasons. Yet Africa is full of enterprising people, ” he said.
It was because of this that Molai launched the Jua Kickstarter Fund, which will provide successful applicants with funds, mentoring and guidance, to enable them to start their own businesses.
Molai studied in Canada and then returned to his homeland Zimbabwe to take over his father’s shop.
He extended the trading hours to 24 hours for seven days, which was a move that was heavily criticised by his peers in the retail industry.
Refusing to relent, the risky move paid off and he was able to double the shop’s takings and set a benchmark for the retail sector in Zimbabwe.
He then turned his sights on tobacco. He founded the Savanna Tobacco Company in 2002 and rebranded it as the Pacific Cigarette Company.
Molai currently runs several successful enterprises in Africa, and now has $125-million worth of assets managed by his TRT Investments firm.
He said that raising start-up capital for SMMEs was one of the biggest challenges in Africa. He also identified a lack of mentoring as another crippling factor.
“Wherever there is adversity, there is opportunity. Africa is rife with adversity, and wherever you turn business prospects are in abundance. Entrepreneurs provide solutions to societal challenges, whilst creating space for the advancement of their communities.
“I feel that Africa is so much more open, and it is full of so much more opportunity than you would find elsewhere. I want to do everything in my power to ensure that this potential is cultivated and unleashed,” he added.
Molai said that he was inspired to create the Jua Fund to highlight the importance of African businesspeople, while at the same time displaying confidence in the talent and the entrepreneurial ability that was rife on the continent.
“Unfortunately, too many young people today access opportunities to higher education, study for jobs, as youth unemployment continues to rise, producing a schooled, unskilled and unemployed generation,” he remarked.
“This attitude kills the inspiration, the desire to dream, create and build someone out of very little resources or even nothing.”

 

Facebook0Tweet0Pin0LinkedIn0Email0
Tags:Jua and SMMEJua fundKickstarter fundMolai fund
Previous Post

New plans to support subsistence farmers

Next Post

From sound engineer to bag designer – It is all possible

Tebogo Mokwena

Tebogo Mokwena

Related Posts

KZN man’s stolen dream
News

KZN man’s stolen dream

April 8, 2021
3
New mall offers SMMEs tailor made leases
Small Business

New mall offers SMMEs tailor made leases

April 8, 2021
2
From street food to supplying a retailer
News

From street food to supplying a retailer

April 8, 2021
2
CHIETA is pushing for entrepreneurs to be part of main stream economy
Home Page

CHIETA is pushing for entrepreneurs to be part of main stream economy

April 8, 2021
5
Tips for SMMEs using social media marketing
Small Business

Tips for SMMEs using social media marketing

April 7, 2021
0
Village woman makes her mark in bed manufacturing sector
Small Business

Village woman makes her mark in bed manufacturing sector

April 1, 2021
1
Next Post

From sound engineer to bag designer - It is all possible

  • Trending
  • Comments
  • Latest
CHIETA is pushing for entrepreneurs to be part of main stream economy

CHIETA is pushing for entrepreneurs to be part of main stream economy

April 8, 2021
KZN man’s stolen dream

KZN man’s stolen dream

April 8, 2021
New mall offers SMMEs tailor made leases

New mall offers SMMEs tailor made leases

April 8, 2021
From street food to supplying a retailer

From street food to supplying a retailer

April 8, 2021
KZN man’s stolen dream

KZN man’s stolen dream

0
How to create jobs in the age of robots and low growth

How to create jobs in the age of robots and low growth

0
Innovative e-commerce approaches can help small businesses in Africa

Innovative e-commerce approaches can help small businesses in Africa

0
Power of branding important for SMMEs

Power of branding important for SMMEs

0
KZN man’s stolen dream

KZN man’s stolen dream

April 8, 2021
New mall offers SMMEs tailor made leases

New mall offers SMMEs tailor made leases

April 8, 2021
From street food to supplying a retailer

From street food to supplying a retailer

April 8, 2021
CHIETA is pushing for entrepreneurs to be part of main stream economy

CHIETA is pushing for entrepreneurs to be part of main stream economy

April 8, 2021

Recent News

KZN man’s stolen dream

KZN man’s stolen dream

April 8, 2021
3
New mall offers SMMEs tailor made leases

New mall offers SMMEs tailor made leases

April 8, 2021
2
From street food to supplying a retailer

From street food to supplying a retailer

April 8, 2021
2
CHIETA is pushing for entrepreneurs to be part of main stream economy

CHIETA is pushing for entrepreneurs to be part of main stream economy

April 8, 2021
5
Vutivi Business News

Vutivi Business News provides enriching content that is interesting and impactful for small business owners.

Follow Us

Read by Category

  • Agriculture
  • Analysis
  • Black business
  • COVID Related
  • Feature Post
  • Finance
  • Home Page
  • Innovation
  • News
  • Opinions
  • Resources
  • Small Business
  • Tourism

Recent News

KZN man’s stolen dream

KZN man’s stolen dream

April 8, 2021
New mall offers SMMEs tailor made leases

New mall offers SMMEs tailor made leases

April 8, 2021
From street food to supplying a retailer

From street food to supplying a retailer

April 8, 2021
  • About Us
  • Privacy Policy
  • Contact us

© 2021 Vutivi Business News All Rights Reserved.

No Result
View All Result
  • Home
  • Contact us
  • About Us
  • News
  • Small Business
  • Agriculture
  • COVID Related
  • Tourism
  • Innovation

© 2021 Vutivi Business News All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
error: Content is protected !!
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Share this ArticleLike this article? Email it to a friend!

Email sent!