Alternative Sources of Finance for Uganda: Mara Launch Fund

One of the alternative sources of finance for Uganda is the Mara Launch fund. For many Ugandans, particularly those starting out in business with only a concept, this is a good place to start.

Basic information

Target: Start ups and early stage businesses

Sector focus: All

Amounts provided: UGX 5,000,000- UGX 10,000,000

Funding type: Venture capital

Means, rather than providing a loan, the fund takes a % of shares in the company

Key criteria

Model can be repeated across Africa;

Profitable business within 3-5 years (exit period for fund);

Strong management

Further information

search online for “Mara Launch Fund”

Tel: +256(0)414 233 700/800

Who is behind the fund?

Ashish J. Thakkar; CEO,Mara Group;

Alex Rezida, Partner at Nangwala, Rezida & Co. advocates; and

Peter Mukiza, Managing Partner in Uganda for Quantum capital.

What is the process like?

1. Submit business  plan should include information consistent with the key criteria for the fund.

2. Introductory meeting. If the fund likes the plan, the investor will meet the fund team.

3. Due  means the fund “verifies” the information presented in the plan.

4. Term sheet. Document spelling out the basic terms and conditions.

My view/tips for success in accessing the funds for your business

1. Team:Venture capital funds like Mara know that a great team will develop and implement the idea successfully. If you have no internal capacity, have a professional join you so that your plan includes a strong team.

2. Executive summary. Investors are busy people and so your summary, usually one page, should have one aim in mind: “Make them eager to turn the pages”. In order to do this, ensure that your executive summary captures key aspects of the document including the team, the amount required, the process, the activities to date and other information that provides a “snapshot” of your concept.

3. Repeatable model. The fund is looking for good business ideas that will transform Africa. Can the business model be repeatable not only in Uganda but perhaps Kenya, Rwanda, Tanzania?

4. Understand the fund and persons behind it. A core part of a successful business relationship is whether the two parties “connect”. Investors are people and they usually invest if they like the person behind it.

In July, I met Nigel Ball, director of an affiliated entity. He is a very likeable, straight talking professional. I can therefore expect that the rest of the team will be of this nature.

Otherwise, best of luck.

Disclaimer

Inachee is not an agent or connected to this entity, it is an independent thought leadership and advisory firm. The information provided is based on our research and experience. Whilst we have taken steps to ensure the accuracy of the information presented here, there can be no guarantee that it will remain accurate.…

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What is Manufacturing Financing?

The manufacturing industry as we know it is one of the most important and biggest industries in the world. In fact, it is so large that it has a value of over 2 trillion dollars, and is known to make up 11% of all the industries that exist financial though this is an industry that is very valuable and worth a lot of money, some manufacturing companies find it hard to keep financial sustainability. Financing is no doubt important for every industry, especially for manufacturing companies that have a lot of product production expenses. Financial organizations can be complex for manufacturers to keep up with since they have multiple factors that have a lot to do with funding. This includes completing purchase orders, paying bills to run the factory, buying essential tools and materials and of course running the projection of the machinery and equipment. Once all of this adds up, the price and total can make almost any manufacturing business feel pressured in their finances. But fortunately, there are ways that manufacturers can get help in their financial area so that they have balance in their business. Here are details about manufacturing finances and also how to get a loan for financial help :

What is Manufacturing Financing?

First, What Is Manufacturing Financing?

If there is no excellent financial health when managing a manufacturing business, it is most likely that the manufacturing production will be unsuccessful. But the problem that most companies find with manufacturing is that others can come in very rapidly like a constant clock. This is where some manufacturing companies can stumble because if they can’t keep up with their financial health, it’s nearly impossible to keep up with the overflow of orders. This can lead to the business having to reject a manufacturing request which is not good for business. The good news is that if manufacturers are finding it hard to complete and accept orders due to their finances, they can get manufacturing financing loans. There are many companies and even banks that are willing to support manufacturers with their expenses and product production. Getting manufacturing finance support does just have strings attached to it, but it’s definitely something and is considered applying for if a financial boost what a manufacturing company needs.

How To Get Manufacturing Financial Help

Being able to get a financial loan for a manufacturing company can either be complex, straightforward or plain easy. It usually depends on multiple factors; the company, how much it needs to and what companies they are getting the loan from. All of this varies, so it would be very hard to tell right off the bat if the company can even get a loan. Then, the manufacturing companies have multiple options to choose from and will need to pick one fits their needs and interests. Loan options like; business cash advance, SBA Financing, supplier financing, asset-based lending and more. But despite the fact that there are many factors that apply to get a loan, there are fortunately some …

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Investor Presentation – Powerful PowerPoint Pointers

In an earlier article entitled, “The Investor Presentation – Your Chance to Set The Hook”, I talked about the importance of making an effective, compelling investor presentation. I mentioned that an investor presentation was an opportunity to make a great first impression, establish credibility and create trust. Today I would like to pass along some pointers that will help you do that. And remember, these pointers don’t just apply to investor presentations, they apply to any presentation.

Your slides should be used only for the purpose of supporting your verbal remarks. Your slides should not draw attention away from you. Again, they should support you, not complete with you for audience attention.

The best way to accomplish this is to keep the slides simple. Limit each slide to 3-4 bullets, use fonts that are large enough to be seen from a distance and contrast with the background of the slide.

Use as few words as possible on each slide. Try not to use industry specific jargon. You do not want to confuse your audience or leave them wondering what you are talking about.

It is important to use graphs, charts and images, but use them selectively. You will not achieve any of your business goals simply because of how clever you are at creating graphically pleasing PowerPoint slides. Also, don’t forget that the slides should be easily printable on a black and white printer.

Put energy and passion into your presentation. Have fun and relax and make your audience feel at ease. We are hard wired to enjoy a story. We’ve been listening to stories since we were born. So, use the presentation to tell a great story about your business. Try to concentrate on the 3-4 most important issues you want to discuss. Don’t try to do too much.…

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