70.71 group presentation to vcs in london
TRANSCRIPT
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Presented by:Anthony Awimbo
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• Who are we• Why 70.71• Why Kenya• Influences• Team• How we work• Current Projects• Going Forward• Summary• Questions & Answers
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• we are an investment synergy
• leveraging our members different skill sets
• this enables sector diversification
• strategic collaborations
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• the brand identity
• 70.71 (is as acronym assimilated from 7th July 2001)
• this when I completed my 1st Degree in Architecture
• registered the domain www.studio7071.net
• the idea for an online design student gallery
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• Dec 2006 vacation 70.71 Group idea mooted
• familiarity of location
• lower initial investments compared to the UK
• higher margin of ROI having mechanisms in place to mitigate risk & understanding market nuances
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• The World is Flat - Thomas L. Friedman
• The Fortune at The Bottom of the Pyramid - C.K. Prahalad
• Long Walk to Freedom - Nelson Mandela's autobiography
• Warren Buffet - His investment philosophy & Berkshire Hathaway
• Richard Branson - Virgin Group , unique venture capital organisation
• Mohamed Yunis - Grameen Bank, developed the concept of microcredit
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• Group Office(email, calendar, tasks, files & notes)
• Customer Relations Management(user portal, export data to quickbooks)
• HR Management(employee details, holidays, timesheets)
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what we are currently doing ?
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• our first venture, company setup in Kenya in 2007
• offers transport services mainly from the Port of Mombasa, Kenya's second largest city
• East Africa’s main trade gateway handled 19.06M tonnes in 2009, up from 16.41M 2008. source: KPA
• customers can review invoices online via
• www.7071transport.com
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• recently secured a contract with Athi River Mining (ARM)
• ARM manufactures 360,000 tonnes per annum of cement
• we all pooled our resources together to buy used UK HGV
• Revenue Share Model
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• ambitious and highly dynamic software developmentcompany based in Nairobi, Kenya.
• aims to provide useful mobile applications
• Kenyan mobile phone subscriber numbers increased 19.3 % to 19.4 million in 2009. source: Communications Commission of Kenya (CCK)
• www.infonetywireless.com
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• vehicle for generating growth for the group
• take equity stakes in other companies
• holding securities of companies listed inAfrican stock markets
• micro venture capital placement/mentoring
• www.7071investments.com
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• 20% stake in Infonety Wireless
• 10% stake in Infonety Wirelessa European company with offices in India that delivers comprehensive Computer Aided Drawings (CAD), Building Information Modelling (BIM) and Visualisation (3D) solutions.
• 40% stake in Studio 70.71 an emerging architectural design facilitation consultancy within Group70.71.
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• grow the active businesses organically
• mechanisms in place to accommodate scalability
• architectural consultancy - especially modular healthcare
• keep on learning as we grow
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• investors tend to find the words ‘Profit’ and ‘Africa’ a misnomer
• cloud computing, open source & template approach
• poverty is solvable through economic development & social transformation
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questions & answers
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