Entrepreneurship Zone: 15 January 2024 :: ‘I’m not a micro-manager’: How one CEO built a business across Africa

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Entrepreneurship Zone: 15 January  2024 :: ‘I’m not a micro-manager’: How one CEO built a business across Africa

 




 


 

 

In less than six years, the Africa-focused eyeglasses company Lapaire has expanded from its original market in Kenya to six other African countries, namely Côte d’Ivoire, Uganda, Burkina Faso, Mali, Togo, and Benin. Founder and CEO Jérôme Lapaire credits a significant part of the company’s growth to his ability to trust people.

“I’m not a micro-manager,” Lapaire says.

This approach proved crucial when the company expanded to Côte d’Ivoire, as it enabled him to relocate there and establish the business, while depending on his team in Kenya to manage operations. “In Kenya … I hired two people. I worked with them for three months and just gave them the keys of the entire business. I gave them access to the bank account, I gave them access to everything and they ran the business.”

“If you want to scale you need to trust people. You can’t scale if you’re on your own and you want to control everything,” he adds.

 



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DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other  Indices quoted herein are for guideline purposes only and sourced from third parties.

 


 

 


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