By Watchdog reporter
Forbes has named two Ugandans on the list 30 most promising African entrepreneurs.
Isaac Oboth and Andrew Mupuya made it on this year’s enviable @Forbes list of Africa’s Most Promising Entrepreneurs!
The magazine compiles reputable individuals and organizations that rule the world of business.
On the list of 30, is Isaac Oboth, 26, the founder Media 256 is said to be one of the most promising young Africans.
Oboth built a business out of disappointment. In 2007, he hired a videographer to film his high school prom with the intention to sell the DVDs. The video was terrible, he says. But in just a day, he sold all 250 copies. He realized that people are willing to pay for what he considered a poor product, so it was clear they would pay more for a good product. “I immediately went online and began googling what it took to shoot and edit great quality videos. Before I knew it, I was spending 16 hours a day behind a computer watching tutorials on shooting and editing,” says Oboth. He founded Media 256, which shoots and edits commercials, documentaries and TV shows.
He employs seven people and makes over $100,000 a year. CNN, Coca-Cola , Nestle and African Leadership Academy are among his clients. One of Oboth’s biggest achievements is a 10-part TV series dubbed Discover Uganda which aired in Uganda and later sold to The Africa Channel, a cable channel in the US.
The other Ugandan is Andrew Mupuya, 24. He is the Founder: YELI Paper Bags Limited.
Raised in an extended family in a village in Manafwa district, eastern Uganda, Mupuya understands struggle. Government grants paid for primary school and he had to find money for clothes. In 2008, 16-year-old Mupuya collected used plastic bottles, sold them to a recycling plant for 28,000 shillings ($8.50) and borrowed 8,000 shillings ($2.50) from his teacher to start YELI Paper Bags, a packaging and manufacturing company producing and marketing handmade eco-friendly paper bags from recycled paper.
YELI has made 5.6 million bags that have sold in Uganda, Rwanda, Kenya, South Africa, Norway and the US. He employs 24 people, turning over $170,000 between June 2014 and June 2016.