Dear Azeev,
Am successful enterprenuer based in Uganda(East-Africa) and my business operations usually cover wide range of African countries like Uganda, Rwanda, Kenya, Tanzania, D.R.Congo and now Southern Sudan.
I have been in telecommunication industry and the profits have no limit. I came up with the proposal below a year ot two back though am yet to find a funder/JV. I have already worked on the project and its already profit generating though I need a minimal $100,000 funding to be able to make profits well above $1.6m in the next 12-16months. If you think this is hard, try me with any amount and will prove to you what money can do Africa......
Below is a summery of my proposal(what I do).......
Since 2008,I started mobile phone refurbishing. This is where I buy scrap phones from the UK and USA and work on them to virtually turn them unto ββnewββ working handsets.
A handset purchased at $4 usually sales at $37 and above after refurbishing it.
We currently have a proven sales record of over 800handsets per ten days.
With funding, the company is targeting a turnover of more than $5m in the first 12months. This project can surely or easily turn $100,000 into $1m just in 16monhts of investment.
Its unfortunate that most funders are only willing to invest funds above $5m!
Yet with me, I can turn $1k to $1m in just a short priod of time. Yes,if I can do that with 1K, what about with a $1m investment?
We need minimum funding of $100,000 up to $1m to help expand the business. This is to be used in purchasing more scrap phones and refurbishing equipment like computers and software for repairing the sets. The business plan/executive summary is investor ready.....
The investor is guaranteed not less than 40% of the profits/shares/equity every month.
Consider this, in your own city am very convinced that if you put ''crocs' advert'' in your local papers advertising for unwanted mobile phones, you will be surprised how many units would be turned in and I believe some of them would be given out for free.(as in some cases you find people owning more than 3handsets or a few of the ''old models'' that they dumped for newer models lying idle at home!
They are those particular sets am buying and giving new life to sell them here in Africa, where they are still ''hot cakes"!!
The great lakes region has a potential market of 80 million people. In Uganda there are now about 9 to 10 million subscribers. It is acknowledged that the mobile phone market in Africa is the fastest growing mobile market worldwide (Nytimes, october 6, 2009). The total population of the countries proposed as target market, namely the Democratic Republic of Congo (68.7), Rwanda (10.4) and Uganda (32.3) and Tanzania (41) is around 152.4 million (CIA world Factbook). Of this total population 82 million people are above 14. The mobile penetration in Uganda is around 40% and is believed to increase to 70 percent in 2014 (***). The total of mobile phone users in Tanzania is about 15 million which boils down to a penetration of 34 percent of the population (***). The prognoses for Rwanda are a 50 percent penetration in 2012, from around 1 million phone users today (***). The market in DRC is relatively untouched and penetration is about 15 percent of the population (***).
Yet while Africa, according to the U.S. government's Overseas Private Investment Corp., offers the highest return in the world on direct foreign investment, it attracts the least. Its high time the investors took a step to invest in Africa.(We are also interested in investing in real estate, entertainment(discos, casinos,bars,hotels industry and Education(building schools).
Thanks
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Owomugisha Don Edgar
CEO
GOODIECOM INT. LTD.
Mob;+***5
Tel;***7
email-***