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
No comments:
Post a Comment