Economist Simon Kapenda Nominated for the Prestigious 2012 Africa Awards for Entrepreneurship

Windhoek, Namibia, August 22, 2012 --( Simon Kapenda, CEO and Chairman of Namibia-based Groot Group has been nominated for the prestigious 2012 Africa Awards for Entrepreneurship (AAE), "the Oscars of business and entrepreneurship in Africa," Gala Event to be held in Accra, Ghana on October 11, 2012.

The Africa Awards for Entrepreneurship was established in 2007 by the Legatum Group to recognize and award business leaders who serve as role models to Africa's aspiring entrepreneurs and who demonstrate business excellence, innovation and profitability.

Since inception of the Awards, more than US$1.4 million (N$11.6 million) has been awarded in prizes and over US$5 million (N$41.5 million) invested to promote business and entrepreneurship in Africa. For the 2012 AAE, Mr. Alhaji Aliko Dangote, Founder and CEO of the Dangote Group, will serve as the Keynote Speaker at the 2012 AAE. Previous speakers at the Africa Awards events have included Sir Richard Branson, Founder and CEO of the Virgin Group as well as Dr. Manu Chandaria, one of Africa's leading industrialists and entrepreneurs.

"I'm extremely honored and it's a great privilege for me of being one of the few select nominees of the 2012 Africa Awards for Entrepreneurship. I thank God and my people at Groot Group and our partners, especially Danny Kamunoko, Managing-Director of SDS Group, for their relentless and unwavering support; tirelessly working to help implement the Groot Group Ecosystem in Namibia. I feel humbled just by the nomination," exclaims Mr. Simon Kapenda.

Simon Kapenda co-founded Groot Group in Columbus, Ohio USA in January 2010 with Robbie Jena and Robert Grier. He serves as Chief Executive Officer of the Company and is responsible for the overall strategic planning, development, and management of the Groot Ecosystem which is comprised of multidimensional light-and-heavy industrial projects development, ranging from a 10-million ton annual output capacity steel mill (Otavi Steel), 900 MW combined cycle gas turbine power plant (Sitentu Power Plant), a 20-million tons of annual output capacity glass manufacturing plant (Tses Glass), and more related industrial projects that would enable a creation of more than 500,000 new direct and indirect better paying and sustainable job opportunities in Namibia within 3 years of implementation.

"It's a beautiful thing that I met you, Simon, an entrepreneur with a big heart. Obviously, to be an entrepreneur is to have strong character, 'ignorance', the spirit to ignore people with negativity against your dream. And I'm glad you have the tenacity and ferocious spirit to do whatever it takes to realize your dream, which ultimately is for our country's economic development. I'll stand there next to you to help you make it happen. This is a good thing for all of us, the Namibian people," states Danny Kamunoko.

Aside the generous prize money, the powerful media spotlight that shortlisted companies receive, as well as access to a close-knit network of other top entrepreneurs, potential investors, clients, capital and other resources, the Africa Awards for Entrepreneurship tremendously forms a platform to benefit the participating nominees and their business activities.

Simon obtained a Bachelor of Science degree in Economics from The Ohio State University in Columbus, Ohio, and is currently studying towards a Ph.D in Economics and Finance. Born in Namibia, nearly for the past 22 years, Simon has made the U.S. as his home.

About Groot Group
Groot Group is a Namibia-based premier rapid industrial development and foreign direct investment management company which focuses on implementing applied neuroeconomics and systems dynamic to efficiently explore, develop, and manage self-sustained ecosystems for the slow-developing and stagnant economies. Learn more about Groot Group at

Rauna Haihambo, Executive PA
Groot Group Ltd
Windhoek, Namibia
Web site:
Groot Group
Rauna Haihambo, Executive PA