Betty Kyalo has revealed the financial muscle behind her Flair by Betty salon which she launched with pomp and colour in an event attended by Mama Ida Odinga.
During a candid question and answer session, she clarified rumours that there were infuential leaders who helped her set the salon up.
"There is no one person who asked me 'Betty what do you need'," she stated while mimicking an aged man's voice.Betty Kyallo and Ida Odinga at the launch of Flair by Betty on June 27, 2020File
"The sole financial help that I got was from my contacts at the bank, my mother and my savings. I also had people who held my hand," she added.
Betty explained that she had friends who supported her and believed in her dream and would spare some of the little money they had to invest in the business.
"There are those friends who stood by me. If I needed Ksh 50,000, some people would say they can afford Ksh 20,000 and I would take it," she explained.
Rumours about influential people sponsoring Betty's salon were fueled by a tweet by Citizen TV news anchor Swaleh Mdoe.
"Have you noticed?There is a trend of some sponsors opening beauty salons/SPAs using female celebrities as fronts and these lasses pretending to own them?" he tweeted on July 7, just days after Flair by Betty was launched on June 27.
Other celebrities with high-end beauty enterprises include Citizen TV news anchor Lillian Muli (La Modelle), socialite Vera Sidika (Vera Sidika Beauty Parlour) and Huddah Monroe.
Musician Wahu Kagwi invested in Afro Siri Salon while Susan Kaitanny owns Posh Palace and Joanna Kinuthia founded Joanna K Cosmetics.
The beauty industry is one of the fastest-growing industries in Kenya, having grown from a value of Ksh26 billion in 2014 to over Ksh100 billion in 2020.
According to the latest report from Edited ,a retail analytics firm, the global beauty and cosmetics industry is valued at Ksh57 trillion.
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