How to Build a Multi –Billion Dollar Business in Africa from Scratch
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HOW TO BUILD A MULTI –BILLION DOLLAR BUSINESS IN AFRICA FROM SCRATCH. STRIVE MASIYIWA (AUTHOR). COMPILED BY GEOPHREY TENGANAMBA. TABLE OF CONTENTS CHAPTER ONE:......................................................................................................................................7 EARLY DAYS..........................................................................................................................................7 Early days: My first capital $75................................................................................................................8 "It’s all in the numbers. Show me the numbers".......................................................................................9 Early Days: Raising capital From The World Bank .................................................................................9 Early Days: GOD ANSWERS PRAYER...............................................................................................10 CHAPTER TWO:...................................................................................................................................11 FIGHTING FOR MY DREAM..................................................................................................................11 My five year battle to set up Econet. ......................................................................................................12 God’s Intervention..................................................................................................................................14 A miraculous phone call. ........................................................................................................................16 Something Spiritual, Then Monopoly Is Struck Down...........................................................................17 When "a Storm Arose" ...........................................................................................................................18 "When the storm was lashing our house" ...............................................................................................20 The Whirlwind and the Storm ................................................................................................................21 Whose Report Will You Believe? ..........................................................................................................22 The Audacity of Faith.............................................................................................................................22 The Meeting with Joshua Nkomo...........................................................................................................23 Victory in Court......................................................................................................................................24 CHAPTER 3:.........................................................................................................................................27 Raising money to build the business. ..................................................................................................27 Using the Stock Exchange......................................................................................................................28 Raising our game for the next level........................................................................................................29 How We Raised the Money....................................................................................................................30 Zimbabwean Business ............................................................................................................................31 Why We Listed our Zimbabwe Business................................................................................................32 CHAPTER 4:.........................................................................................................................................33 How Mascom Wireless was born in Botswana. ...................................................................................33 I would not be deterred!..........................................................................................................................34 What is it, you are seeing that others cannot see?...................................................................................34 CHAPTER 5:.........................................................................................................................................37 2 DEGREES COMPANY.........................................................................................................................37 How Far Can You Go? ...........................................................................................................................38 CHAPTER 6:.........................................................................................................................................39 BUYING TELECOM LESOTHO. ..............................................................................................................39 We did not qualify, even to participate...................................................................................................40 Let The Battle Begin...............................................................................................................................40 CHAPTER 7:.........................................................................................................................................43 Understand investing..........................................................................................................................43 Investing must be always at the forefront...............................................................................................44 Raising Money using a Stock Market Exchange. ...................................................................................44 HERE IS MY OWN STORY: ................................................................................................................45 Do your research.....................................................................................................................................46 Owners and Traders................................................................................................................................47 CHAPTER 8:.........................................................................................................................................49 Turning a small business into a big business........................................................................................49 Yes, it is possible....................................................................................................................................50 List of largest companies in the world....................................................................................................50 First Things First: Get Organised. ..........................................................................................................51 Study how organizations are built and managed. ...................................................................................52 Management is the X-Factor ..................................................................................................................53 How they made it....................................................................................................................................54 My Toolbox Principle.............................................................................................................................55 The Toughest Challenge Ahead Of You, Is Building An Organization. ................................................56 Your Organization, and it’s Brand..........................................................................................................57 “Continuous” investment........................................................................................................................58 CHAPTER 9:.........................................................................................................................................61 Modern Management.........................................................................................................................61 “Does he have a lot of children to help him?” ........................................................................................62 Manage your way to the top!..................................................................................................................63 Are you prepared to become very serious?.............................................................................................64 CHAPTER 10:.......................................................................................................................................66 Making Sound Financial Decisions ......................................................................................................66 “Financial Literacy”. ..............................................................................................................................67 How to Hold Onto Money ......................................................................................................................69 Open A Bank Account............................................................................................................................70 Calculate The Cost, “First”… Don’t