Monday, 25 November 2013

Missing USIU student found dead

The body of a Tanzanian student from the United States International University (USIU) who had been missing since last Saturday was found at the City Mortuary where a family member identified him on Thursday.
A search for Mr Jerry Mruma by police and the institution’s community had been going on during the week after he was reported missing to the school’s Dean of Students.
Mr Mruma, who was pursuing a Master of Business Administration degree, disappeared after attending Tanzanian Night Dinner, an event that brought together people to discuss issues on development in that country, at the Sarova Panafric Hotel in Nairobi.
A look at the deceased’s Facebook page shows that the last post he entered was on the day he went missing – a photograph taken inside Panafric Sarova Hotel accompanied by text saying, “This where u’ll (sic) find me this evening”.
In a statement, USIU said that according to CCTV footage viewed by the police, Mr Mruma, 23, left the hotel unaccompanied and on foot around 11:09pm.
Records accessed by the police indicate that his last phone communication was a text message to his girlfriend at 11.38pm telling her that he had left the function and was going to his house at Safari Park View Hostels, the university said.
At the time of his death, Mr Mruma was a representative of graduate students in USIU’s Student Affairs Council, besides being the founder and CEO of Kilimo Yetu, a company that provides investment opportunities in agribusiness through products referred to as ‘agribonds’.
Police said investigations on his death are ongoing.-Daily Nation
Jerry had an interview a few months ago with the varsity news. Here below was the interview.
He believes we should not be living in a poor Africa in this day and age. Meet Jerry Mruma, a USIU MBA student who will turn your 1M into 1.35M within a year. Jerry runs a business that awed even Safaricom CEO Bob Collymore.
Varcity: Who is Jerry?
Jerry: My name is Jerry Isaac Mruma. I was born and brought up in Dar es Salaam Tanzania. I’m 23. I have Bachelor in International Business Administration – Marketing from USIU. I’m now doing my MBA in Entrepreneurship at the USIU. I also happen to be a member of my University’s student government. (
Varcity:  What business are you in?
Jerry: My Company is called Kilimo Yetu Ltd. We package and sell ‘Agribonds’ which are investments in the agriculture industry, that pays 20% to 35% returns in 6 to 12 months depending on the crop an investor decides to invest in. We basically turn your 1 million shillings into 1.35 million in a year, by producing healthy food and creating employment for young guys like me. It’s how we will ensure food security in East Africa and create employment for the multitudes of Kenyan youth who need jobs to feed their families. I pitched my business to Bob Collymore and it intrigued him, he couldn’t believe it at first.
We are based on USIU campus behind Safari Park Hotel, but we work virtually through our website . We also have our field locations where our farm operations take place. We focus on production of wheat, greenhouse horticulture and quail. At some point in the future we will enter Stevia. The opportunities in agribusiness are almost endless.
Varcity: How much did you start your business with?
Jerry: I setup the company for about 25k, which was a bit of what I made from an Agribond I invested in February during market research phase. We could pay back the investment with the first two Agribonds sold.
Like I said, if you have a good product, capital normally brings itself to you.
Varcityand how much is your business worth now?
Jerry: We started operations in August 2013 and are currently putting together projects worth a combined total of 16 million shillings. The business is being funded by earnings I made from a Wheat Agribond that fetched me 80% returns from a close farmer friend. We’re projecting in three years we should be worth a million…dollars.
Varcity: When did you start being an entrepreneur?
Jerry: My first venture was when I was 17. I founded and led a social venture that supplied food and clothing worth Tsh.500,000 to three orphanages in Dar es Salaam. We got the UN involved, it was a great experience.
My real taste of profit came a few months later when I started a school newspaper. I had exclusive production rights and a monopoly in school. We made some good lunch money, it was nice. But it taught me that starting a company doesn’t really require capital. You can start one on a laptop right now. You only need capital to expand because your customers want more.
Varcity:  Who inspired to get into business?
Jerry: My father is a big inspiration. He was a CEO of a nationwide company. I’ve also kept company with different multi millionaires, and I’d take any opportunity to sit at their feet and learn how to get to where they are. Business leaders like Asha Mwanaisha Krishnan, Dr. Scott Bellows, Bob Collymore, Dr. Michael Kirubi and books by Robert Kiyosaki, have all pointed to one thing; if you want a good, wealthy life, build a system that gives people value and generates residual income for you. End of the day, we need to get paid, and business is the best way how.
Varcity: Your greatest challenge so far?
Jerry: Overcoming my own weaknesses is always the only challenge. The opportunities are there. My company is well positioned to accomplish a lot. I’ve made the right partners from Gillad Millo at Amiran who supports young people and farming, to farm owners ready and willing to work with us. Investors are contacting us every day. My focus is now on providing something they will appreciate. Also waking up at 6 becomes easy when I think of the range rover, beach mansion, Rolex and all that other stuff Kanye West talks about so much.
Varcity: Do you think Uwezo Fund will be of help to you?
Jerry: I’m not Kenyan so I don’t really qualify for Uwezo Fund. But that might be a good thing. Uwezo Fund is going to create many millionaires some of whom are reading this article. This means indirectly, three or four years from now, I’ll have many investors in Kilimo Yetu.
I’d advise young Kenyans to take Uwezo Fund seriously. If anything, take the 1% loan and invest in our Agribonds for 35% returns per year and sit back.
Varcity: How has the business been so far?
Jerry: Business is great. It’s awesome. We have quail agribonds available for 20% returns in 6 months, with the principal amount being guaranteed. Quail eggs are very nutritious and pack high levels of protein, and so are good for the ill and growing. We believe in healthy living. Each Quail Agribond will employ 2 people. We have 3 left.
Varcity: Have you thought of entering into a partnership or a merger?
Jerry: Kilimo Yetu Ltd shares are hard to get. What we can do is enter Joint ventures for different farming projects whereby we provide the investment and training and our partner firm provides the land, water, labour and management. I’m currently working on such a project with some class members of mine at USIU.
There’s more potential for economic gain in Kenya’s agriculture industry than we realize. The answer to Kenya’s economic triumph lies in the farms of this nation.
Varcity:  What drives you into doing what you do?
Jerry: My dreams. I want financial freedom. I want wealth. More importantly, for us to realize a Vision 2030, or an African Superpower, some of us must take on great commitments and challenges in the name of economic freedom for our people. The new freedom fighter is not fighting a war of weaponry, he/she is fighting to become an employment creator, a big tax payer and a symbol of what we are truly capable of if we apply entrepreneurial solutions to our challenges. I want to live rich in a rich African country.
Some of my role models include the following; Ashish Thakkar, Mohammed Gullam Dewji, Paddy Mwangi, even ‘Diamond’ from Tanzania.
Varcity:Where do you see yourself in the next one year?
Jerry: I see myself on one of our field project locations; 20 greenhouses each producing an average of 8000 kilos of vegetables for transport to our waiting markets. I see myself with my team popping bottles of champagne at a hotel with investors who are receiving their returns after our agribonds payout. I see 8 Kenyan families benefiting from the jobs made available by the Agribonds.
Varcity: Any advice for those seeking to join entrepreneurship?
Jerry: Do it now. This is the best time. We must welcome risk when we are this young. Now is the best time. Find a market gap, something simple that you can solve, and get paid for it. Do that which you can where you are and get a profit from it. Anything that makes people’s lives easier or more enjoyable is something you can sell. In a few more decades, Kenya will be inherited by my generation, what will we have to show for it.
Wheat Agribonds at 25% in 6 months are sold out, people just want to invest in this form of food production because it is insured and it goes to produce bread and flour.
We’re laying groundwork for a 10 acre greenhouse project in Kitengela sometime soon. Rates will be 35% returns in 12 months for greenhouse agribonds which are insured and asset backed, providing lowest risk for the investor.
It’s quite exciting stuff.
Varcity:  What else don’t we know about jerry?
Jerry: I serve as graduate representative in the United States International University Student Affairs Council.
Varcity: Parting shot?
Jerry: Buy Agribonds and let us move our countries forward. Minimum investment for Agribonds is 100k. Go hard. Believe in yourself and your dreams. Build a business that gives people value and you will greatly rewarded for it. Jobs should only be temporary, providing a base for you to build your own thing, together with those around you with similar ideas. We cannot in this century live in a poor Africa, we are capable of more than this.-Varsity News