Young Entrepreneur who turned down Harvard to pursue business
Young Kenyan entrepreneur Mubarak Muyika sold his first web hosting company Hypecentury Technology in a six-figure deal at the age of 16 and turned down Harvard scholarship to pursue his own business. Selling his first company as a teenager was only the beginning of a long road to success in the tech world. Mubarak Muyika, who is now 22, was listed on the Forbes Africa’s Most Promising Young Entrepreneurs under the age of 30 list in 2015. He was also featured on the top nine tech founders of Business Insider‘s of the ‘Mark Zubergerg’s of their own countries’ ‘.
At the age of 11, Muyika lost both of his parents and was adopted by his aunt and her husband, who owned a small publishing and distribution company, Acrodile Publishers. He assisted by developing an e-commerce site for their business. In 2011 he completed his matric and was offered a full scholarship at Harvard University, but he turned it down and decided to continue with entrepreneurship instead.
In the same year, Muyika registered Hypecentury Technology and hired two of his friends to help him run the services, before it was sold to Elvis Wakwoma, owner of Wemps Telecoms. The returns at Hypecentury Technology in a good month ranged between Kshs. 60,000.00 and Kshs. 80,000.00 which he used to pay his two part-time employees. Hypecentury Technology offered services ranging from domain registration to web hosting and designing.
By August 2012 the company had grown big enough to employ six more people on a full-time basis and relocated to a bigger office. Hypecentury Technology started very small, with Kshs. 50,000.00 which Muyika had saved from a freelance job he had been doing as a student and after high school. His first client was so impressed that he offered him space in his office at Rehema House in Nairobi.
Muyika is now the CEO of Zagace with headquarters in San Fransicsco in the United States. He founded Zagace from his apartment block in 2013 in Nairobi with proceeds from the sale of Hypecentury Technology. Zagace has continued to grow and seeks to become a global brand. Zagace is a cloud software enterprise that helps institutions to manage their inventory. It provides a service of customized business solutions dubbed zag apps that have ERP (enterprise resource planning) capability. The company assists firms, big enterprises and even supermarkets with their app called Zag.
Muyika is a professional computer programmer and internet entrepreneur.