Connect with us

News

Mengi: Billionaire who started by selling pens

Published

on

Tanzanian billionaire Reginald Mengi with his family. The business tycoon started by selling ballpoint pens. The author and philanthropist died in Dubai aged 75.

When Forbes Magazine put Reginald Mengi’s fortune at around USD550 million (Sh55 billion) a few years ago, few would have realised that he actually started by selling ballpoint pens.

In fact, with Tanzania experiencing shortage of almost everything during the mid-1983 to 1984, the Tanzanian dollar millionaire, who died in Dubai, had to sweat to get the ballpoint pens, he wrote in his book: I Can, I Must, I Will.

With the government resorting to harassment and detention of traders as it accused them of hoarding the basic necessities during that time, Mr Mengi actually jerked his entrepreneurial spirit and decided to start importing the products from Kenya.

He was denied a USD4,000 (Sh400,000) loan from then government-owned National Bank of Commerce (NBC) but he remained focused and decided to talk to fellow businesspeople in Kenya and finally, it worked out.

Amid challenges, including the lorry, which was transporting the pens from Mombasa, Kenya to Tanzania, getting a breakdown at Horohoro, he finally made it.

“When the components arrived I didn’t know where to put them. So, the best place was my bedroom and it was in that bedroom that I started the assembly of the pens,” he told Forbes Africa magazine in its July 2014 edition.

READ ALSO:   Former singer K Lynn praises 75-year-old billionaire husband for loving her right

Having realised that he could do well with the ballpoint pen selling and purveying business, the next thing in his head was to quit his job at Coopers and Lybrand (now PricewaterhouseCoopers).

Amid a challenging business climate, Mr Mengi was into the trade for good and in fact, he decided to diversify it into other areas, including establishing a Coca-Cola soft drink plant in Moshi, the Bonite Bottlers in 1987.

He sold shoe polish made from ground charcoal and oil, and natural skin exfoliator, which was simply bottled sea mud.

He was on roll and made anything he could: toilet paper, soap, detergent, beds, shoes and toothpaste.

This partly explains the story of Mr Mengi, the founder, owner and executive chairman of IPP Limited and IPP Institute of Technology and Innovation.

IPP has interests in print and electronic media. It also owns Bonite Bottlers.

Mr Mengi also has interests in mining, oil and gas, CNG, pharmaceuticals, large scale horticulture, automobiles, cement and in other manufacturing businesses.

The story of Mengi, who was born in 1944, goes back to Nkuu Village, Machame in Kilimanjaro where he grew up as a poor boy from a poor family.

Mr Mengi writes in his book: I Can, I Must, I Will that his father, Mr Abraham Mengi, was very poor so much that the family owned not even a single acre of land.

READ ALSO:   Former singer K Lynn praises 75-year-old billionaire husband for loving her right

Mr Abraham Mengi and his wife Ndeekyo, bore seven children: Apaansia, Elitira, Asantarabi, Karileni, Reginald, Evaresta and Benjamin.

Having completed his primary school at Kisereny, Mr Mengi joined Nkuu District School where he did standards one to six.

Having passed Standard Six national examinations, he was selected to join Standard Seven at Siha Middle School before proceeding to Old Moshi Secondary School.

He did well with his ‘O’ level Cambridge School Certificate examinations and proceeded with ‘A’ level at the same school.

With the desire to become a chartered accountant, he left the school to pursue further studies when the chance came.

That saw him leaving the school half-way through Form Five and flew from Moshi to Glasgow, via Nairobi and London.

While there, Mr Mengi studied accountancy and articles with Cooper Brothers in the United Kingdom and after being accepted as a member of the Institute of Chartered Accountants of England and Wales, he returned to Tanzania in 1971 where he was employed by the accounting firm of Coopers & Lybrand Tanzania.

He stayed with Coopers & Lybrand Tanzania (PricewaterhouseCoopers) up to September 1989 during which time he became its chairman and managing partner.

In October 1989, Mr Mengi left the company to concentrate on his own businesses.

READ ALSO:   Former singer K Lynn praises 75-year-old billionaire husband for loving her right

Mengi was a generous giver.

He donated cash to groups of the disabled and upon the death of his son, Rodney Mutie Mengi in 2005, he started the Rodney Mutie Mengi Foundation through which he has been sponsoring children to undergo lifesaving heart surgeries in India.

He participated in forming, and then led various business organisations including the Tanzania Chamber of Commerce, Industries and Agriculture, Confederation of Tanzania Industries and the Tanzania Private Sector Foundation.

source:nation.co.ke

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Diaspora

DIASPORA HUSTLES: How a sofa I had taken from a dumpster in US earned me a date with a cop

Published

on

BY BOB MWITI

Life in America can be very humbling, especially when you are starting off.

After I graduated with my master’s degree here in America, I rented a studio apartment in one of the not-so-nice neighborhood in Philadelphia. During the day, I would help the caretaker with some cleaning of the common areas of the building and also in doing some repairs and paintwork. For that work, I would get something at the end of the week, enough to keep me going.

My studio abode was on the 5th floor of this old crammed building that sat next to a railway line. Down at the back side of the building lay the dumpster where all kind of “valuables” such as old TVs, music systems, mattresses, etc would be tossed…sometimes all the way from the top floor by the crazy residents.

During my cleaning duties, I would make sure that all of the mess around the dumpster was taken care of.

One day, during my usual duties, I found this unbelievably good used couch that I immediately thought would be a good addition to my studio which had nothing other than a mattress, no bed and only 2 pots and a plate!..My God of heaven & earth had answered my prayers!…and the Devil of poverty was on the cusp of defeat.🤣🤣🤣🤣🤣

READ ALSO:   Former singer K Lynn praises 75-year-old billionaire husband for loving her right

It was a gigantic couch and I urgently needed some help to take it all the way up to the 5th floor. I awkwardly reached out to a resident I had made friends with, and we went on a mission to take it all the way up!…with a promise of getting him a case of budlight beer! The trip up to the 5th floor took an eternity….we were all soaked in sweat.

Now, this is why they say the devil is a liar!!!.😂😂😂…What I didn’t know was that after all the hard work of pushing it all the way up, the stupid thing would never fit into my little door to my studio….😭😭😭😭….Tried endlessly until the guy gave up and left . I had no choice but to leave the damn thing on the hall way!!!..Well, the next day the caretaker and a cop were knocking on my door seeking an explanation as to why I was blocking the hallway!

Such is the life most of us immigrants go through when we first come to America.It’s not easy but with time things surely improve.

If you are out there wishing to come to USA to study or wishing to become a well paid IT consultant in America, head over to www.appstecamerica.com and check out my company’s amazing STUDY IN USA and IT TRAINING programs.

 

READ ALSO:   Former singer K Lynn praises 75-year-old billionaire husband for loving her right

About me,

I am a former international student in USA and I am a senior IT consultant in the areas of Oracle EBS and Robotics Process Automation.I am the programs director of Appstec America – A consulting company based in Tampa, Florida,USA.

 

My contacts:

success@successwithbobmwiti.com

info@appstecamerica.com

+1 813-573-5619 ext 402

Continue Reading

Immigration News

US Publishes strict guidelines for immigrants who come in as Sheep/Goat Herders

Published

on

U.S. Citizenship and Immigration Services today published a policy memorandum (PM) that requires requests for temporary foreign workers for range sheep or goat herding or production be subject to the same requirements as other temporary agricultural workers.

USCIS is issuing this PM to ensure that H-2A nonimmigrant sheep/goat herders may only fill temporary and/or seasonal herder positions, and that petitioners filing petitions for permanent sheep/goat herders comply with the requirements applicable to permanent positions.

Under the PM, H-2A sheep/goat herder petitions will be subject to the same temporary or seasonal need analysis that applies to all other H-2A petitions, and petitions seeking to hire H-2A sheep/goat herders for 364-day back-to-back periods (or similarly lengthy, consecutive periods for the same job duties for a sheep/goat herder position) with no material or meaningful break between them will not be approved if the petitioner cannot prove it has a temporary or seasonal need for the workers. This PM will ensure that USCIS consistently applies H-2A regulations on temporariness and seasonality to H-2A sheep/goat herder petitions, and that the wages and working conditions of similarly situated U.S. workers are not depressed by the employment of H-2A temporary workers.

This PM will assist in safeguarding the integrity of the H-2A program, which was intended for agricultural labor or services that are temporary or seasonal in nature. Adjudicating the temporariness and seasonality of H-2A sheep/goat herder petitions with the same criteria as other H-2A petitions will also support consistency and fairness while protecting the interests of U.S. workers (for example, their wages and job opportunities). The PM is not intended to alter current policy or practice for the adjudication of non-sheep herding or goat herding H-2A petitions, but to ensure that USCIS adjudicates all H-2A sheep/goat herder petitions on a case-by-case basis, considering the totality of the facts presented, and in the same manner as all other H-2A petitions, consistent with the Immigration and Nationality Act (INA) and existing regulations.

READ ALSO:   Former singer K Lynn praises 75-year-old billionaire husband for loving her right

Effective June 1, 2020, USCIS will adjudicate any Form I-129, Petition for Nonimmigrant Worker, filed by petitioners seeking H-2A sheep/goat herder positions in line with this PM. USCIS believes the future effective date allows H-2A petitioners to amend their practices, as necessary.

This PM is being issued in response to a lawsuit brought by worker advocates challenging USCIS adjudications of H-2A sheep herding and goat herding petitions and the D.C. Circuit’s order in that case. Hispanic Affairs Project v. Acosta, 901 F.3d 378, 386 (D.C. Cir. 2018). USCIS agrees with the order and interprets the D.C. Circuit Court’s opinion as indicating that consecutive, back-to-back 364-day approvals of H-2A sheep/goat herder petitions (or similarly lengthy, consecutive periods for the same job duties for a sheep/goat herder position) with no material or meaningful break between them would violate the INA and Department of Homeland Security regulations, absent a petitioner establishing that its need is in fact seasonal or temporary.

USCIS welcomes comments on the PM, the proposed effective date, potential cost savings or increases, impacts on filing practices, and other topics that are the focus of this PM via the Policy Memoranda for Comment page. USCIS will review and consider all comments received during the 30-day comment period from Nov. 14 to Dec. 14, 2019, and may subsequently publish a revised PM, as needed. The guidance contained in the PM will be controlling and will supersede any prior guidance regarding the determination of temporary or seasonal need for H-2A sheep and goat herder petitions.

Continue Reading

News

Rushed early morning burial angers family, residents

Published

on

There was drama in Magumu in Kinangop Nyandarua County after a family decided to bury a kin three days before the set burial date.

The hurried burial of 34-year-old Walter Makumi triggered protest from a section of family members and villagers who had settled for next Saturday as the burial day.

According to witnesses, the burial took place in the wee hours of Wednesday without the knowledge of his wife Jane WanjiruMakumi who worked as technician at Kihara Hospital in Kiambu died last week due to kidney complications and was set to be buried on November 16.

However, his brothers who had a burial permit managed to collect the body without the knowledge of the wife and buried it in their father’s farm in a hushed ceremony.

Following the incident, the emotional Wanjiru and her relatives trooped to the home, but they were kept at bay by their in-laws who termed them as ‘strangers.’According to Wanjiru, trouble started last week when the relatives on two occasions decided to shift the bodies from mortuaries without consulting her.

Tears rolling down her cheeks, she said that the move was meant to lock her from some property that her husband owned and his relatives wanted to take over.“We have been married for eight years and have two boys, but I have been locked out of the burial arrangements as they are after my husband properties,” she said.

READ ALSO:   Former singer K Lynn praises 75-year-old billionaire husband for loving her right

Magumu Location Chief Ng’ang’a Njuguna said there was little they could do to stop the burial as the family had a legal burial permit

BY Standard

Continue Reading


Are you looking for a Church to fellowship in Atlanta Metro Area?

poapay3

Like us on Facebook, stay informed

NEWS TRENDING RIGHT NOW

2019 Calendar

satellite-communication1.jpg

Trending

error: Content is protected !!