7/31/2008
Visit to OXFAM... and Thé Ataya
7/30/2008
Electricity cut
7/29/2008
Working in small teams...
7/28/2008
Planning our next steps
Hello readers, this is Christian, WOW’s “Expert Intern” for the summer program. To follow up on Sachiko, Laurent, Rose and Aicha’s great posts, I wanted to give you an update of our current activities.
Having finished the first set of meetings and interviews with the directors of WOW’s present and future portfolio companies last Friday, we settled into a planning session today to map out our strategy for the next three weeks. This week we plan on updating the quarterly reports for the companies who have already received WOW funding. This will allow us to better assess the impact these investments have had by analyzing whether these funds have allowed these companies to take concrete steps towards their objectives. It will also allow us to think about improving our due diligence process so to make future support for WOW’s partners more appropriate and effective.
The second task for the week is to begin reporting on the new set of companies which will be incorporated into WOW’s portfolio. These reports are important considering they give investors a chance to better acquaint themselves with prospects and risks associated with each company. As we have learned up to now, some of the first round of investments were put to good use and others less so; we therefore hope that the summer internship’s primary contribution will be to create tools and models to help both WOW and its partners align their common goals to foster rapid and sustainable development of promising Senegalese businesses.
To better achieve our aims we have broken into 3 small groups: Aicha and Rose are working on the two Enda Ecopole businesses and Entreprises Bracelets, Laurent and Sachiko have taken on Marché.com and Chez Maye, while Amara and I are focusing on Mountaga Tall and Ben Loxo. The scope of work is considerable and the challenges clear, but we are determined to put our heads together and rise to the occasion!
Until next time,
~Christian
7/27/2008
Île de Gorée
7/25/2008
Work sharing out
7/24/2008
Thursday, Visiting "Delices de la Mer" and "FEEM Design"
This day is very interesting in terms of discovery because we visit on the morning "Delices de la Mer" wich is a company managed by a very ambicious woman.
She really want to participate to her country's development trough her business.
On the afternoon we visit a fashion shop named "FEEM Design" and lead by Yaye Fatou. It is an artistical show room with a friendly atmosphere within it is exibit original dress models.
7/23/2008
Visiting GIE benn Loxo at JOAL
This wednesday, everybody woke up early because we were leaving at 7:00 am for our trip to Joal, a small town on the littke coast, two hours from dakar. Since there were no traffic jam, we get there around 9:00.
Then we went to the "Khelcom" market, the biggest fish market in Joal and in the region.
The last visit of the day were to the little port of Joal were we found men getting huge quantities of yet (cymbium) out of their shells.
We ended this trip, after an excellent "thiebou dien", and went back, all exhausted, but most happy to have been out of the city for a day.
-Rose
7/22/2008
Meeting with the Chambre de Commerce
7/21/2008
Visiting new portfolio companies
- SOPRA
- Bio Essences
7/20/2008
Saint-Louis
7/18/2008
Friday at the office...
7/17/2008
Enda Ecopole and Entreprise Bracelets
7/16/2008
First brainstorming sessions
7/15/2008
First day with WOW partners
- GIE Oumou Mountaga TALL
- Restaurant Chez Maye
- Marché.com
7/14/2008
Kick-off; Summer Internship Program
In the morning, Suparna, our CEO, Malick, Christian(development expert who is helping WOW this summer) and 5 interns met at WOW's office. Meeting started with watching a WOW's video(http://wowforafrica.com/wow/), and after quick introductions of each of us, Suparna gave us an idea of WOW's mission, portofolio companies, Economy of Senegal, and her expectation of this summer internship.
We learnt that the goals of this summer internship program are still open-ended. In addition to help current portofolio companies, WOW has a few projects, such as opening a business center for local entrepreneurs, starting business training sessions etc. Also, how WOW should be organized might need consideration. Suparna emphasized that she wanted us not only to focus on "what to do," but also to create the system/frameworks on which WOW can work on in an efficient way in the future.
-Sachiko