Herve Mukenge
Nairobi (KEN)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Usta Corporation
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Startup
Location:
Nairobi
Industry:
Invention
Year Founded:
2014
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Not Incorporated
Description:
Usta group is a company in the business of creating acquiring, merging, conducting, growing and managing businesses in any economic sector.
Creating Businesses.
Usta group will be mostly developing innovating businesses as a department, then after 1 to 3 years the Board of Director will be meeting to decide if the department can graduate to become a company on itself (a member company). If a Department graduate to become a member company Usta group’s Strategy and control team will suggest a business plan which will be validated or rejected by the Executive Managing Director. If validated the Executive managing director should create a special comity to evaluate talent in the department and establish at least two possible administration to suggest to the Board of Director. The Board of Director will elect the executive body and decide the funding of the company. The BOD can either decide to fully or partially fund the new group member company.
In a case of a partial funding Usta group should not get less than 75% of the created company. The Board member of the new company should at 75% be appointed by Usta group.
Merging with other businesses
Usta group will also be merging (joint venture) some of its companies or and department with others companies. In this case Usta will mostly be acting as investor of those companies.
For a merging agreement to occur Usta group will need to get at least 60% of the shareholding of the Joint venture.
To note that in this case Usta group is not the one to be merged, The JV agreement will conduct to a new. And the company has already started to make some Interest.
Acquisition of other Businesses
This is the case of a product or company that has been developed or created by an external people/institution, which has attracted the interest of Usta group. The company/product can directly become a company member of Usta group or held as a department and then graduate to be a member company.
Conducting
Usta Group will develop a strong external strategy department to help some external project or and Ideas to come to life? If the project come to grow up to the step of creating a company Usta group shall get 60% to 70%.
Growing companies
In this case Usta group is targeting some startup already registered as company but without any positive Financial result at the moment. Usta group will be helping them either professionally or financially or the both. Usta group will then receive 55% to 65% of the share capital.
Management of business
Usta group will also be in the outsourcing business by supplying and appointing some of our talented employee to run other businesses. By doing this Usta group will be receiving 5% to 20% of the company beneficing of the service.
To note that a company falling in this case would not be considered as Usta group member but Usta group affiliate.