So there is Kenyan reality television show resembling the Donald Trump “you are fired” Apprentice. The CfC Stanbic Bank sponsored ‘The CfC Stanbic Bank Magnate”, show seeks to find and nurture Kenya’s future entrepreneurs. The show aimed at providing aspiring entrepreneurs with the opportunity to test their business acumen for a chance to obtain the investment they need to take their business ideas to the next level.
A total of 14 applicants ware selected for the 10 week TV show which is being aired every Thursday from 8pm – 9pm on KBC, Kiss TV and Zuku TV from 27th October, 2011. Aaaah that is yesterday. Now i don’t watch tv much these days and sure i missed that first one, but i hope it is entertaining and i will try my best to check it up next week.
According to CfC Stanbic Bank head of business and personal banking Elly Odhong’
Out of the 14 candidates by a panel of judges will pick one who presents the best idea that can be actualized. CfC Stanbic bank will then award Ksh1.5 million in start up capital to the candidate with best idea to help him/her translate this idea into reality. Even those who will not be able to win this cash will come out of the house with a lot of experience which will be crucial in growing their businesses.
In partnership with SME training firm Investeq Capital, the bank will provide training and mentorship to candidates during the entire period of the show.
The tasks will test the candidates’ intelligence, business acumen, will to succeed, attitude amongst other important aspects that are key attributes of entrepreneurs. The candidates will also face the challenge of living in close quarters with other candidates that they will only have met and having to always strategize on how to emerge at the top either as part of a team or as an individual.
For more information visit: www.the-magnate.com