A quick update as I’m in the middle of finishing my sermon
for tomorrow and we’re in the middle of a power outage, so I need to preserve my
battery. For those who are curious, I have had a successful day navigating the
top step! We said goodbye to Ted this morning at the airport. We used the time before
the plane arrived (on time) to talk through the way Mango fund and the Seed fund
are working together in Arua. We had a few fine tuning points to make, but
generally we’re very comfortable with the cooperative nature of our relationship.
In reality, there is not a great deal of opportunity for the larger investments
that mango typically make, but instead the Seed fund has the opportunity to see
early investments, carry them through a couple of loan periods and then move
them over to Mango. It has worked in three deals now, and we can see another couple
that might become Mango clients in the next year or two.
Following Ted’s departure, Blasio and I headed over to see
Sylvia our stationary and printing client. By the way, I’m driving here again
and I really have fun with it. The roads are so pitted with deep potholes in
places that all the bikes, cars, trucks and buses wend and weave their way
along the road. At times you can have oncoming traffic on the wrong side of the
road, avoiding the biggest holes. Its rather like a slow motion ballet. Not
exactly the Nutcracker but …. Mayor
Asiki (more on him below) has assured us that this will change as the road gets
remade in February. While I’m glad for Arua, I will miss this bit of fun!
Sylvia is a wonderfully energetic entrepreneur who will
never give up. If only we had another hundred of her in town! Her business has
evolved form an internet café to a printing operation, a stationer and her
latest plans have her moving in to the paper products manufacturing business. The
first piece of equipment to be added will be a commercial paper cutter. I know
she’ll make it work. It is one of the first examples of how people are beginning
to think about how access to regular power can change the landscape.
Following a short visit at a local for profit (but loss
making) nursery school, We travelled to meet the mayor, Charles Asiki (pictured here) at the
West Nile Golf Club!! Yes, there is a 9 hole course, built by the British many
years ago that is located right in the middle of Arua. The Club is in need of a
cash infusion through new membership, and we talked about a few opportunities
to do so. Charles was joined by several old friends and we had a wide ranging
discussion about business opportunities in Arua. I hope we might see some opportunities
arise out of the meeting. A quick note
on Charles. Arua has grown dramatically in the last 10 years. There are almost
80,000 people who reside in town and many more travel into the market every
week. With a small municipal budget, Charles does a wonderful job keeping the
town clean and safe. He is flying to Senegal next week to address a conference
on urban policy. A recognition of the great job he has done. He is in the
middle of his second 5 year term, and I hope he will consider a third, though
it is a major personal sacrifice, so thanks Charles!
No comments:
Post a Comment