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How Humphrey Kariuki Ndegwa Silently Built A Business Worth Over $100 Million Dollars

A few of the most inspiring success stories have been borne from entrepreneurs who had no idea they’d someday find themselves beginning, running, and growing a venture that would not just succeed in its own home nation, but would spread its tentacles to other areas around the world.

Here is the success story of Humphrey Kariuki Ndegwa, a Kenyan entrepreneur who initially started his career in the corporate world, rose in the rankings, but finally came to the realisation that he was not suited for paid employment, inducing him to finally quit his job to begin a business that would someday grow to be worth over $100 million dollars.

Here’s how he did it:

The Early Life And Education Of Humphrey Kariuki Ndegwa

Humphrey Kariuki Ndegwa was born on August 28th, 1957, in Nyeri County from the central highlands of Kenya to a family of 10 children and was one of his dad’s six sons who had a modest lifestyle growing up in the rural regions.

In his early life, Humphrey Kariuki Ndegwa would wake up early in the afternoon with his allies to milk the cows and feed the animals before getting set to head to college. Despite the positioning of his college being 3 km away, Humphrey Kariuki Ndegwa would normally operate to and from school, without having any form of public transportation.

After completing his O’ Levels in Nairobi, he jumped to Kagumo High School for his A’ levels. But while undergoing his schooling, Humphrey Kariuki Ndegwa, 19 years old at the time, experienced a fracture of seven weeks, where he got a job with the assistance of several members of his family to work for the Central Bank of Kenya.

His first job role was that of a clerical staff, after which he went on to work for several different sections such as the Export department, the Foreign Exchange department, along with the Imports department. All in the Central Bank of Kenya.

While working for the Central Bank of Kenya supplied a comfortable lifestyle for Humphrey Kariuki Ndegwa, it didn’t take him too long to determine that he never enjoyed been subservient to other men and women. And this understanding caused him to chart a new course towards entrepreneurship.

His First Venture

During a break from work with the Central Bank of Kenya, Humphrey Kariuki Ndegwa Chose a Visit to the United Kingdom to visit his sister. She had been trying to sell a car she possessed in Norwich for a while without success. Seeing a chance, Humphrey provided to help her sell it back in Kenya just if she would allow him to travel back with it, that she did.

Upon returning to Kenya using the car, Humphrey Kariuki Ndegwa would drive around with it in search of a buyer. One afternoon, somebody left a note on the car asking to be predicted. Following he dialed the telephone number, he realized it was a British who made the inquiry and believed it was a co-British in Nairobi that was hoping to sell the car, since it had a sticker with the “City of Norwich” written on it.

Following the inquiry and a settled trade, Humphrey Kariuki Ndegwa managed to market the car to the British national to get 200% of the price his sister had been attempting to sell the vehicle at.

His powerful sale drove him into the automobile business and kept him there for a long time.

The Start & Growth Of A Successful Group Of Companies

After successfully trading automobiles for several years and having saved a lot of cash, Humphrey Kariuki Ndegwa went on to found the renowned Green Corner restaurant in Kenya, which even former American President Barrack Obama declared within his memoirs. The restaurant has been set up with a bank loan of $15,000 that was repaid quickly within a short period of eight months.

With the achievement of the restaurant, ” Humphrey Kariuki Ndegwa went on to start importing beverages and wines, resulting in him found yet another very successful company then called Wines of The Earth, which is currently widely called WOW Beverages.

His firm was the sole distributor in Kenya for several popular wines, whiskeys, and brands from Europe and America.

But relying on being the sole distributor of the assorted wines wasn’t safe, as the businesses could enter the Kenyan market by themselves in the future, which would inevitably ruin his business in the process. To avert this, ” Humphrey Kariuki Ndegwa enrolled a company named African Spirits, transferred to the drink manufacturing organization, and launched his first flagship product, which was known as Blue Moon Vodka, the current fastest-selling local alcoholic manufacturer in Kenya now (2017).

Moving further, African Spirits launched yet another item, Legend, which is also the quickest selling brandy in Kenya today (2017).

The success of the regional wines was not only a remarkable sense of accomplishment for Humphrey Kariuki Ndegwa, but was also an inspiration for the company, because it’s now (2017) called the strongest local alcoholic beverage business in Kenya.

After some successful businesses at the restaurant and alcohol niches, Humphrey Kariuki Ndegwa moved into the oil industry by becoming a representative of the National Oil Company of Kenya (NOCK). He founded the petroleum firm called Dalbit Petroleum, and with this, he used the opportunity as an agent to buy oil from the NOCK for delivery to other areas of Kenya.

According to an interview Humphrey Kariuki Ndegwa had with Forbes, he said:

“The government allowed us to buy fuel goods from NOCK and spread internally to other areas in Kenya. The margins were modest, but it felt good to be in the petroleum business. This was in the eighties. I had a couple of buddies — the Horsey brothers who owned a building company named Civicon, and they had a contract with the World Food Programme to distribute water in South Sudan, and to build a few of the streets in the country. So I made a partnership with Civicon, and I set up a little depot at Kaboko border between Ibanga and South Sudan. That was the first place we put up a little depot; it had been an 80,000-cubic petroleum storage facility. Thus, from Kaboko, we have the Horseys using their own 8 by 8s trucks to transport the petroleum around to Juba and other places in South Sudan. We were supplying the World Food Programme using petroleum, and then there was a drought in the country and the WFP was using helicopters to make food falls from South Sudan. We were also supplying the WFP with oil in their airfields in South Sudan, and that is where we started making the huge margins. Within eight years, the roads had been completed, and consequently the margins began eroding.”

His Petroleum distribution Firm Now has operations in Sudan, Kenya, Zambia, Tanzania and the Democratic Republic of Congo.

Beyond his oil firm, Humphrey Kariuki Ndegwa later acquired awarded a $400 million dollar electricity tender contract in Mozambique through another company of his which he set up in the year 2008 called Great Lakes Africa Energy.

His Business & Achievements Today

Today, Humphrey Kariuki Ndegwa isn’t only an accomplished Kenyan multi-millionaire, but is a quiet one. He has successfully kept his life private and remained away from the public eye, while building a business empire in the procedure.

His companies employ over 1,000 individuals, and beyond becoming an entrepreneur, he has dedicated himself to the preservation of wildlife in Kenya, by the purchase of the Game Ranch that is home to the Mount Kenya Wildlife Conservancy and Animal Orphanage.

To Sum It Up

While Humphrey Kariuki Ndegwa’s story may not be of a person having an early entrepreneurial knack in his adolescent years, his narrative represents that of millions of individuals around the world who work for organizations but believe deeply that they’re cut-out to direct their own ventures.

If you find yourself in this dilemma, this success story of Humphrey Kariuki Ndegwa is sufficient to get you started.

Original Article Can Be Found Here.

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