Friday, 8 March 2013

Entrepreneurial Spirit in Moi University Community

Entrepreneurship has been a major topic of discussion in the country in the wake of diminishing employment opportunities. The government has spearheaded several initiatives in a bid to promote entrepreneurship including setting up of Youth & Women Enterprise Funds-which provide loans at much lower rates than the commercial banks. With these kinds of boosts, the entrepreneurship spirit has continued to grow with many people now venturing into business. However, Moi University community seems to have been left out in this quest for wealth creation and self-employment.

Establishment of a university in a given locality usually brings with it lots of opportunities which could boost economic prospects of that particular area owing to the large population. Moi University was established in 1984 and 28 years down the line the entrepreneurship spirit in the area leaves much to be desired. Be as it may, the local community has not taken full advantage of the potential business opportunities available that could rake in thousands of shillings if not millions. Some of the sectors that the community ought to have ventured into include:

Real Estate: This is currently one of the most profitable ventures in the country. The perpetual problem of room shortage has always been experienced in the university every academic year. This presents an opportunity for the local community who can build hostels for the students who miss university accommodation. What if we had a building similar to Hostel H put up at Talai Shopping center or Cheboiywo?

Transport: This perhaps is the highest performing sector in Moi University community save for cartels and tribalism that has dogged the sector thereby limiting its full potential. However, much needs to be done since there are still opportunities in the sector.

Entertainment: No offence, but entertainment in this place is just whack. Currently, we only have two main entertainment joints which have small space that cannot even hold 20 people at any given time. Comrades have been forced to buy drinks and enjoy them outside the bar in usually the chilling cold of this part of Kenya. What if we had our ‘Signature’ or ‘Spree’?

Hotel/Catering: No hard feelings but the quality of food here is way below average and perhaps it could be the reason most comrades prefer to cook for themselves. Hotel ventures can be very profitable especially if quality and quantity of food is addressed. In addition to that, the hotels lack food diversity thereby limiting choice of food. As it stands now, there are three ‘hotels’ while the rest are ‘vibandas’. The ‘hotels’ and ‘Vibandas’ alike charge exorbitant food prices which is not commensurate with food quality/quantity with Ugali-Mboga going for Ksh.50 as opposed to market price of Ksh.30. 

Information, Communication & Technology: The profitability of this sector has significantly reduced owing to the proliferation of internet enabled phones and the free wireless internet provided by the university. However, there are still other people who do not have access to computers or smart phones. Currently, there only two cybers with a capacity of 10 people against an estimated population of 12000 students. As a result, comrades have been forced to queue for cyber services.

There are myriad challenges in entrepreneurship. Nonetheless, the local community can still tap the opportunities lying in the sectors discussed above. The development in this area, 28 years down the line could be astounding. However, it’s never too late especially with the fact that the university will never close its doors owing to the accelerated program.