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</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=1101 style='width:825.45pt;border-collapse:collapse'><tr><td width=917 colspan=4 valign=top style='width:687.5pt;padding:0cm 5.4pt 0cm 5.4pt'></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:solid #D9D9D9 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='margin-left:32.1pt;text-indent:7.5pt;line-height:105%'><b><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:32.1pt;text-indent:7.5pt;line-height:105%'><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif'><a href="http://www.bullszimbabwe.com/">Bullszimbabwe.com </a><b> </b><a href="mailto:info@bulls.co.zw?subject=View%20and%20Comments">Views & Comments</a><span class=MsoHyperlink> </span><a href="http://www.bulls.co.zw/blog">Bullish Thoughts</a><span class=MsoHyperlink> </span><a href="http://www.twitter.com/BullsBears2010">Twitter</a><span class=MsoHyperlink> </span><a href="https://www.facebook.com/BullsBearsZimbabwe">Facebook</a><span class=MsoHyperlink> </span><a href="http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72">LinkedIn</a><span class=MsoHyperlink> </span><a href="https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO">WhatsApp</a></span><span class=MsoHyperlink><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif'> </span></span><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif'><a href="mailto:info@bulls.co.zw?subject=Unsubscribe">Unsubscribe</a><span class=style30><o:p></o:p></span></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoSubtitle style='margin-left:32.1pt;text-indent:7.5pt;line-height:105%'><span class=style30><b><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:windowtext'><o:p> </o:p></span></b></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='margin-left:32.1pt;line-height:105%'><span class=style30><b><span lang=EN-US style='font-family:"Verdana",sans-serif'>Entrepreneurship Zone: 15 September 2020: How these Successful African Entrepreneurs Raised Capital for Their Businesses</span></b></span><b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></b></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span class=style30><b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:3.0pt'><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:3.0pt'><p class=MsoNormal align=center style='text-align:center;line-height:105%'><span lang=EN-US><a href="http://www.finsec.co.zw/"><span lang=EN-ZW style='font-family:"Verdana",sans-serif;color:windowtext;mso-fareast-language:EN-ZW;text-decoration:none'><img border=0 width=889 height=312 id="_x0000_i1037" src="cid:image015.jpg@01D68B38.8ABBEF10"></span></a></span><span class=style30><b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></b></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.0pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:10.05pt'><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:1.0pt'><td width=917 colspan=4 valign=top style='width:687.5pt;border-top:none;border-left:solid #BFBFBF 1.0pt;border-bottom:none;border-right:solid #BFBFBF 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:1.0pt'><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%'><em><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p> </o:p></span></em></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%'><em><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>“I don’t have the capital.”</span></em><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><em><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>“Nobody wants to give me capital.”</span></em><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><em><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>“The banks have turned me down five times.”</span></em><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>These are some of the most common reasons people give for not starting or growing their businesses.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Access to capital is arguably the biggest threat to entrepreneurs around the world. And every year, thousands of passionate people – especially in Africa – give up on their business ideas, projects and dreams just because they can’t find capital.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>But is lack of capital really the “serial killer of business dreams” that we claim it is?<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In my experience and opinion, lack of capital is largely a convenient excuse. Yes, it’s true. In fact, I have found that capital is actually more abundant and available in today’s world.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>And I have proof!<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>The problem is, many entrepreneurs who need capital don’t know where to look for it. That’s why <strong><span style='font-family:"Verdana",sans-serif'>the real problem is actually a lack of awareness</span></strong> about <em><span style='font-family:"Verdana",sans-serif'>where and how to raise capital</span></em>, and not <em><span style='font-family:"Verdana",sans-serif'>a lack</span></em> of capital.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Over the last decade, more capital has been flowing into places like Africa like never before. In 2015, the continent received up to $276.5 million in startup funding. In 2016, the number rose to $366.8 million. And these numbers are just for tech startups alone.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Over the long term, I really don’t see anything that would stop these capital flows from rising higher and higher as the years go by.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In this article, I dispel the myth of capital by showing you several examples of African entrepreneurs who have successfully raised funding to start, grow and expand their businesses.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>I don’t just want to give you the facts. Facts can be boring, especially when you’re desperately looking for capital.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Instead, I’ll be sharing the success stories that prove just how possible it is to raise capital even in tough and challenging environments like Africa’s. And if these men and women can find capital in Africa, you can find it too!<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>But this article isn’t just about stories. It’s about fixing the misconceptions and wrong notions you’ve always had about raising capital for your business.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>At the end of this article, I will introduce you to an interesting book that will open your eyes to the world of finance, and shows you how you can raise funding for any type of business, project or cause.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>But first, you have to finish reading the real-life examples in this article.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>I present to you 10 of the most exciting success stories of African entrepreneurs who successfully raised capital to start, grow and scale their businesses.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Happy reading!<o:p></o:p></span></p><h2 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:8.4pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><b><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333'>1) Lorna Rutto (Kenya)<o:p></o:p></span></b></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><img border=0 width=650 height=350 id="Picture_x0020_12" src="cid:image003.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-Lorna-Rutto.jpg"></span><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In 2010, she quit her bank job to start a waste recycling business.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Her company, <em><span style='font-family:"Verdana",sans-serif'>EcoPost</span></em>, collects and recycles waste plastic into aesthetic, durable and environmentally-friendly fencing posts that serve as an alternative material to timber.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>But her business would have remained a dream without the financial support of international and local investors and NGOs.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Every year, hundreds of international and local organisations support businesses that tackle issues such as environmental pollution, illiteracy, disease and other social problems. They usually provide grants, donations, loans, equity or even training and advice.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>The problem is, many African entrepreneurs don’t know about these funding opportunities, and as a result they don’t apply.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>So in 2010, Lorna applied for and won a $6,000 <em><span style='font-family:"Verdana",sans-serif'>SEED Award</span></em> which served as start-up capital for her business. In the same year, she won a grant award of $12,700 from the <em><span style='font-family:"Verdana",sans-serif'>Enablis Energy Globe-Safaricom Foundation</span></em>.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>She also won a business plan competition organized by the <em><span style='font-family:"Verdana",sans-serif'>Cartier Women’s Initiative</span></em>, and received a prize award of nearly $12,000.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Recently, her business attracted an equity investment from the <em><span style='font-family:"Verdana",sans-serif'>Blue Haven Initiative</span></em> and the <em><span style='font-family:"Verdana",sans-serif'>Opus Foundation</span></em> amounting to <strong><span style='font-family:"Verdana",sans-serif'>$495,000</span></strong>. This was used to expand the business and purchase advanced recycling equipment.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In the free course at the bottom of this article, I reveal the reasons why these organisations are eager to support businesses in developing countries by giving away millions of dollars as grants, donations, loans and equity every year.<o:p></o:p></span></p><h2 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:8.4pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><b><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333'>2) Jason Njoku (Nigeria)<o:p></o:p></span></b></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><img border=0 width=650 height=389 id="Picture_x0020_11" src="cid:image004.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-Jason-Njoku.jpg"></span><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Jason is the co-founder of IrokoTV, a mobile entertainment and internet TV platform that’s particularly popular for its impressive catalogue of African ‘Nollywood’ movies.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>But the struggle in the early days of this business was not as glamourous.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>After failed attempts at previous businesses in the UK, Jason returned to Nigeria in 2010 to build relationships with local movie producers and purchase content rights for his new startup, IrokoTV.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Cash was tight, and starting this business would have been impossible without the £90,000 contribution of Jason’s friend and business partner, Sebastian.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Since then, the growth of IrokoTV has been remarkable. To date, the business has attracted up to <strong><span style='font-family:"Verdana",sans-serif'>$40 million</span></strong> in investment funding from foreign investors, mostly venture capital investors.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Its investors include <em><span style='font-family:"Verdana",sans-serif'>Tiger Global</span></em>, a New York-based private equity firm, and <em><span style='font-family:"Verdana",sans-serif'>Investment AB Kinnevik</span></em>, a Swedish venture capital investor.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Venture capital firms invest more than $140 billion every year in startups and growth businesses across the world. But in Africa, venture capital is only just starting to pick up and they’re very interested in funding highly-scalable businesses that have significant profit potential.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In January 2016, IrokoTV raised $19 million in additional funding to expand its business into Francophone countries in Africa.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In summary, by using a combination of business partnerships and venture capital, Jason has been able to successfully raise significant amounts of capital to grow a company that was described by Forbes Magazine as <em><span style='font-family:"Verdana",sans-serif'>“the Netflix of Africa.”</span></em><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>I explore business partnerships and venture capital in more detail inside the free course.<o:p></o:p></span></p><h2 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:8.4pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><b><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333'>3) Anna Phosa (South Africa)<o:p></o:p></span></b></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><img border=0 width=650 height=350 id="Picture_x0020_10" src="cid:image005.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-Anna-Phosa.jpg"></span><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Anna Phosa is one of Africa’s most successful pig farmers. She’s often referred to as a ‘celebrity pig farmer.’<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>But her business journey wasn’t rosy, and she struggled to raise capital to start and grow the business.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In 2004, Anna started her first pig farm in Soweto with $100 contributed from her personal savings. She started with only 4 small pigs.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>After four years — in 2008 — she was contracted by Pick ‘n Pay, the South African supermarket chain, to supply its stores with 10 pigs per week. This was a first breakthrough and the request grew quickly to 20 pigs per week.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>By 2010, she had signed a major contract with Pick ‘n Pay to supply 100 pigs (per week) over the next five years under a R25 million deal – that’s nearly<strong><span style='font-family:"Verdana",sans-serif'> $1.9 million </span></strong><em><span style='font-family:"Verdana",sans-serif'>(in Aug 2017 terms).</span></em><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>With a contract in hand, Anna was able to raise capital from ABSA Bank and USAID to buy a 350-hectare farm property. Today, her farm houses 4,000 pigs at a time and employs about 20 staff.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Most entrepreneurs who want to start a business often turn to banks and end up disappointed. And that’s because banks tend to focus on growth and mature businesses that have <em><span style='font-family:"Verdana",sans-serif'>healthy cashflows </span></em>and<em><span style='font-family:"Verdana",sans-serif'> collateral</span></em> that can be used to secure the loan. If don’t have any of these, you could be wasting your time chasing a bank loan.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Many entrepreneurs don’t know this but banks are just one out of 15 different options for raising capital. The problem is, too many unqualified businesses approach the banks for loans.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Inside the free course, I’ll explain each of these 15 other options of funding, and the important criteria you have to meet before you ever think of approaching the banks for a loan.<o:p></o:p></span></p><h2 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:8.4pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><b><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333'>4) Ali El-Shafei (Egypt)<o:p></o:p></span></b></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><img border=0 width=650 height=370 id="Picture_x0020_9" src="cid:image006.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-Ali-El-Shafei-e1504102611143.jpg"></span><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Dr. Aly El-Shafei is a MIT-trained academic and mechanical engineer. He is now famed for his patented innovation – SEMAJIB – a versatile magnetic smart bearing which has interesting applications in electricity generation.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In 2017, Dr. El-Shafei won the <em><span style='font-family:"Verdana",sans-serif'>Innovation Prize for Africa</span></em>, a grand award of <strong><span style='font-family:"Verdana",sans-serif'>$100,000.</span></strong> The prize money will be used to further develop his invention and create an industrial prototype.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Before winning this award, he had won €240,000 from the <em><span style='font-family:"Verdana",sans-serif'>European Union’s Research, Development and Innovation Programme</span></em> in 2009. In 2013, he landed a $100,000 grant from Egypt’s <em><span style='font-family:"Verdana",sans-serif'>Science and Technology Development Fund.</span></em><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Every year, there are hundreds of local, regional and international competitions that take place across the world. The amount of capital that can be won from these competitions ranges from a few thousand to millions of dollars.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>But there are more benefits that can be gained from competitions beyond winning. Even if you don’t win, the experience, exposure and feedback can bring remarkable benefits to your business.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In the free course, I provide a long list of business plan competitions and initiatives that you can start targeting for funding.<o:p></o:p></span></p><h2 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:8.4pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><b><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333'>5) OMG Digital (Ghana)<o:p></o:p></span></b></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><img border=0 width=650 height=439 id="Picture_x0020_8" src="cid:image007.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-OMG-Ghana-e1504102732110.jpg"></span><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Dominic Mensah, Prince Boakye Boampong and Jesse Arhin Ghansah started OMG Ghana in 2012 when they were in college. Smartphones were becoming more popular back then, but Jesse and his friends had a hard time finding interesting things to read online.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>So they decided to create a media company that provides content for people like them – young and internet-savvy Africans.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Today, the company’s brand and following has spread from Ghana into Nigeria and Kenya. And it’s set to launch sites for South Africa, Uganda, Zambia and Tanzania.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>The team of three entrepreneurs was accepted into <em><span style='font-family:"Verdana",sans-serif'>Y Combinator</span></em>, one of the world’s most prestigious accelerator programs. And in June 2017, they raised <strong><span style='font-family:"Verdana",sans-serif'>$1.1 million </span></strong>from a group of venture capital firms and angel investors.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Angel investors are usually rich people or professional investors who invest in early-stage businesses. These are people who invest their own money in a young business in the hopes of making a high return on investment.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Without angel investors, some of the most successful businesses in the world today, like Microsoft, Google and Facebook may have never existed.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In the free course, I talk more about angel investors, accelerator programs and venture capital investors. These are alternative sources of capital that many entrepreneurs in Africa just don’t explore.<o:p></o:p></span></p><h2 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:8.4pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><b><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333'>6) Aliko Dangote (Nigeria)<o:p></o:p></span></b></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><img border=0 width=650 height=350 id="Picture_x0020_7" src="cid:image008.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-Aliko-Dangote.jpg"></span><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Africa’s richest man, Aliko Dangote, currently worth $12.3 billion <em><span style='font-family:"Verdana",sans-serif'>(mid-August 2017)</span></em>, is a role model to entrepreneurs on the continent.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>While his business interests currently spread across Africa, Dangote’s impressive fortune was built from very humble beginnings.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>He started his business in 1978 with 500,000 Naira borrowed from his grandfather. That’s about <strong><span style='font-family:"Verdana",sans-serif'>$1,400</span></strong> in today’s terms.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>A common mistake we often make as entrepreneurs is to overlook and take for granted those sources of capital that are around us and within our reach. Friends, family, work colleagues, neighbours and people within our social sphere can be interesting sources of capital, especially in the early stages of business.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>And because business flourished, Dangote was able to pay back the loan to his grandfather in about six months.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In the early years, Dangote focused on importing soft commodities, including rice, frozen fish, sugar and baby food into Nigeria. Today, his business interests have expanded into local production of cement, salt, flour and recently, petroleum refining.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>These days, the banks, private and institutional investors are keen to invest in Dangote’s businesses because of the track record of success he has achieved over the years. But in the beginning, it would have been tough – if not impossible – for him to raise startup capital from any of these sources.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Remember, only people who know, like and trust you will be willing to take a chance on you in the early days of your business.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>While it’s still a great option, I’ll show you some of the good and bad sides of raising capital from friends and family in the free course.<o:p></o:p></span></p><h2 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:8.4pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><b><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333'>7) Bethlehem Alemu (Ethiopia)<o:p></o:p></span></b></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><img border=0 width=650 height=350 id="Picture_x0020_6" src="cid:image009.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-Bethlehem-Alemu.jpg"></span><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Bethlehem Alemu grew up in Zenabwork, a poor village in the suburbs of Addis Ababa, Ethiopia.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Her business – <em><span style='font-family:"Verdana",sans-serif'>SoleRebels</span></em> – is one of the most popular and fastest-growing African footwear brands in the world! Her collection of eco-friendly footwear (made from recycled materials) have been sold in more than 50 countries across the world, including the USA, Canada, Japan and Switzerland.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>But her business dream would have never have taken off without the <strong><span style='font-family:"Verdana",sans-serif'>$10,000</span></strong> in capital she raised from family and relatives in 2004.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Despite her poor background, it was possible to get her family and relatives to pitch in their contributions. This is the not-too-glamourous part of getting a business off the ground that glossy magazines fail to mention.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Success comes at a price. It may be embarrassing and downright difficult to ask other people to invest in your business ideas, dreams, vision or project. But you just have to do it if you want to stand a chance.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Using that initial capital, Bethlehem’s business took off and she has gone ahead to launch another fashion business – Republic of leather — that trades in luxury leather products like bags, belts and other non-footwear leather accessories.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Her inspiring success story has been featured on Forbes, the BBC and CNN. And she was described by Forbes as<em><span style='font-family:"Verdana",sans-serif'> ‘One of The World’s Most Powerful Women’.</span></em><o:p></o:p></span></p><h2 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:8.4pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><b><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333'>8) Giraffe (South Africa)<o:p></o:p></span></b></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><img border=0 width=650 height=372 id="Picture_x0020_5" src="cid:image010.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-Giraffe-SA-e1504104454693.jpg"></span><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Anish Shivdasani and Shafin Anwarsha are the entrepreneurs behind <em><span style='font-family:"Verdana",sans-serif'>Giraffe</span></em>, a South African startup business that provides low-cost automated recruitment solutions, based on a mobile app.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In 2016, the business won the <em><span style='font-family:"Verdana",sans-serif'>Seedstars World Competition</span></em>, beating 63 other startups from 55 countries across the world to win the grand prize of <strong><span style='font-family:"Verdana",sans-serif'>$500,000</span></strong> in equity investment funding.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>On a continent where many entrepreneurs complain about lack of capital, this startup from South Africa beat other businesses from across the world to win the prize. Of course the judges were impressed by the ingenuity of their business model and its potential impact on unemployment in South Africa.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>The truth is, there are hundreds of startups in Africa that could achieve the same feat if only they participated in competitions like this.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Shortly after winning the $500,000 prize, Giraffe attracted an undisclosed additional seed funding from a group of US-based investors, led by the <em><span style='font-family:"Verdana",sans-serif'>Omidyar Network</span></em> – a philanthropic investment firm of Pierre Omidyar (founder of eBay).<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Like I mentioned earlier in this article, one of the benefits of winning a competition is the exposure it gives to you and your business. Very often, the exposure ends up attracting more investors and capital to you.<o:p></o:p></span></p><h2 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:8.4pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><b><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333'>9) Babajide Ipaye (Nigeria)<o:p></o:p></span></b></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><img border=0 width=600 height=315 id="Picture_x0020_4" src="cid:image011.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-Jide-Ipaye-Keexs.jpg"></span><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>For over a decade ‘Jide Ipaye worked as an IT professional, but deep in his heart, he wanted to do something much different. He wanted to make stylish footwear.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>From an early age he’s always loved shoes but the options available to him were quite limited because of his foot size – he’s a size 48 (European). So, finding shoes that are the right size and fit had always been a challenge.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>So, rather than just make bespoke shoes for himself, ‘Jide came up with an idea to manufacture cool and high-quality footwear in Nigeria. That’s how <em><span style='font-family:"Verdana",sans-serif'>Keexs</span></em>, his Africa-inspired brand was born.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>But there was no capital to fund his dream.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>So, in 2015, he successfully raised <strong><span style='font-family:"Verdana",sans-serif'>£17,871</span></strong> on <em><span style='font-family:"Verdana",sans-serif'>Kickstarter</span></em>, the world’s largest crowdfunding platform. ‘Jide used this capital to produce the first batch of 1,200 sneakers that effectively launched the brand and made it a reality.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Crowdfunding is rapidly becoming one of the biggest sources of capital for passionate people who are looking to bring their business ideas, projects and dreams to life.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In 2015 alone, the global crowdfunding industry raised $34.4 billion to support entrepreneurs across the world. But in Africa, crowdfunding remains largely unknown to entrepreneurs on the continent.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In the free course below, I explain how crowdfunding works and the different platforms that exist across the world.<o:p></o:p></span></p><h2 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:8.4pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><b><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333'>10) Zoona (Zambia)<o:p></o:p></span></b></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><img border=0 width=500 height=330 id="Picture_x0020_3" src="cid:image012.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-Zoona.jpg"></span><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Zoona is a financial services business founded by two entrepreneurial brothers – Brad and Brett Macgrath in 2009. One is an ex-JP Morgan banker and the other is a former commercial director of a telecom operator in Zambia.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>The startup provides both in-country and cross-border money transfer services in several African countries – Zambia, Malawi and Mozambique. And so far, it has processed more than $1 billion in money transfers, bill payments and other financial services.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In 2016, Zoona raised <strong><span style='font-family:"Verdana",sans-serif'>$15 million</span></strong> of capital from a group of investors led by the <em><span style='font-family:"Verdana",sans-serif'>International Finance Corporation</span></em>. The funds are being used to scale up the company’s operations as it aims to reach ten markets and 30 million active consumers across Africa by 2020.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><em><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>The International Finance Corporation</span></em><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>, or IFC, is an example of an international development institution. And there are several more like it that exist to support and invest in businesses, especially in developing regions of the world like Africa.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Most international development institutions are funded or sponsored by foreign governments or global institutions like the World Bank, United Nations, European Union etc.<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>In the free course, you’ll learn more about these types of organisations and the kinds of businesses they invest in.<o:p></o:p></span></p><h1 style='mso-margin-top-alt:8.05pt;margin-right:0cm;margin-bottom:8.05pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#333333;mso-fareast-language:EN-US'>Ready to learn how to raise capital?<o:p></o:p></span></h1><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>Like I said at the beginning of this article, “lack of capital” is not the problem. The real problem is a “lack of awareness.”<o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;line-height:106%;box-sizing: border-box'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-US'>That’s why I wrote Jackpot, one of the most comprehensive guides ever written for African entrepreneurs who are looking to raise funds to start, grow, or turn around a business.-</span><span style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;color:#111111'><o:p></o:p></span></p><p class=wp-caption-text style='margin:0cm;margin-bottom:.0001pt;line-height:106%'><span lang=EN-US style='font-size:11.0pt;line-height:106%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=178 style='width:133.15pt;padding:0cm 0cm 0cm 0cm;height:1.0pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=6><p class='MsoNormal'> </td></tr><tr style='height:10.05pt'><td width=917 colspan=4 rowspan=2 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:10.05pt'><p class=MsoListParagraph style='background:white'><span style='font-family:"Verdana",sans-serif;color:#111111;mso-fareast-language:EN-ZW'><img border=0 width=650 height=450 id="Picture_x0020_13" src="cid:image013.jpg@01D68B38.481678B0" alt="https://www.smallstarter.com/wp-content/uploads/2016/02/African-Entrepreneurs-Raise-Capital-Cover-image.jpg"></span><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></b></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:10.05pt'><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:10.05pt'><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:10.05pt'><p class=MsoNormal style='mso-margin-top-alt:auto;margin-left:36.0pt;line-height:115%;background:white'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p> </o:p></span></b></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr><td width=917 colspan=4 style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='line-height:105%'><strong><span lang=EN-US style='font-family:"Verdana",sans-serif'>INVESTORS DIARY 2020</span></strong><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:3.25pt'><td width=234 style='width:175.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='text-indent:12.6pt;line-height:105%'><b><span lang=EN-US style='font-family:"Verdana",sans-serif'>Company</span></b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=156 style='width:116.65pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><b><span lang=EN-US style='font-family:"Verdana",sans-serif'>Event</span></b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><b><span lang=EN-US style='font-family:"Verdana",sans-serif'>Venue</span></b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=265 valign=bottom style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><b><span lang=EN-US style='font-family:"Verdana",sans-serif'>Date & Time</span></b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:3.25pt'><td width=234 valign=top style='width:175.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=156 style='width:116.65pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=265 valign=top style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt;line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=234 valign=top style='width:175.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US>Star Africa<o:p></o:p></span></p></td><td width=156 style='width:116.65pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>AGM<o:p></o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US>Virtual <o:p></o:p></span></p></td><td width=265 valign=top style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>24/09/2020 | 11:00 am<o:p></o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt;line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=234 valign=top style='width:175.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US>RioZim<o:p></o:p></span></p></td><td width=156 style='width:116.65pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>AGM<o:p></o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US>Virtual <a href="https://escrowagm.com/eagmZim/Login.aspx">https://escrowagm.com/eagmZim/Login.aspx</a> <o:p></o:p></span></p></td><td width=265 valign=top style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>25/09/2020 | 10:30 am<o:p></o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt;line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=234 valign=top style='width:175.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US>Hippo virtual<o:p></o:p></span></p></td><td width=156 style='width:116.65pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>AGM<o:p></o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US>Virtual <o:p></o:p></span></p></td><td width=265 valign=top style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>25/09/2020 | 12:00 pm<o:p></o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt;line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=234 valign=top style='width:175.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US>NTS<o:p></o:p></span></p></td><td width=156 style='width:116.65pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>AGM<o:p></o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US>Virtual <a href="https://escrowagm.com/eagmZim/Login.aspx">https://escrowagm.com/eagmZim/Login.aspx</a> <o:p></o:p></span></p></td><td width=265 valign=top style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>30/09/2020 | 10:00 am<o:p></o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt;line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=390 colspan=2 valign=top style='width:292.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><b><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Companies under Cautionary<o:p></o:p></span></b></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><b><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p></td><td width=265 valign=bottom style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><b><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=390 colspan=2 valign=top style='width:292.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=265 valign=bottom style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=390 colspan=2 valign=top style='width:292.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Bindura Nickel Corporation<o:p></o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=265 valign=bottom style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:3.25pt'><td width=390 colspan=2 valign=top style='width:292.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Padenga Holdings<o:p></o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=265 valign=bottom style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=390 colspan=2 valign=top style='width:292.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Delta Corporation<o:p></o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=265 valign=bottom style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=390 colspan=2 valign=top style='width:292.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Meikles Limited<o:p></o:p></span></p></td><td width=262 style='width:196.7pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=265 valign=bottom style='width:7.0cm;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:99.35pt'><td width=917 colspan=4 style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:99.35pt'><p class=MsoNormal style='line-height:106%;background:white'><i><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Invest Wisely!</span></i><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%;background:white'><b><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Bulls n Bears </span></b><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%;background:white'><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%;background:white'><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Cellphone: </span><span lang=EN-US style='font-family:"Verdana",sans-serif'><a href="tel:%2B263%2077%20344%201674" target="_blank"><span style='color:black'>+263 77 344 1674</span></a></span><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%;background:white'><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Alt. Email: </span><span lang=EN-US style='font-family:"Verdana",sans-serif'><a href="mailto:info@bulls.co.zw">info@bulls.co.zw</a></span><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%;background:white'><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Website: </span><span lang=EN-US style='font-family:"Verdana",sans-serif'><a href="http://www.bullszimbabwe.com">www.bullszimbabwe.com</a></span><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%;background:white'><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Blog: </span><span lang=EN-US style='font-family:"Verdana",sans-serif'><a href="http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw" target="_blank"><span style='color:black'>www.bullszimbabwe.com/blog</span></a></span><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%;background:white'><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Twitter: @bullsbears2010</span><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%;background:white'><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>LinkedIn: Bulls n Bears Zimbabwe</span><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%;background:white'><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Facebook: </span><span lang=EN-US style='font-family:"Verdana",sans-serif'><a href="http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimbabwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA" target="_blank"><span style='color:black'>www.facebook.com/BullsBearsZimbabwe</span></a></span><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%'><span lang=EN-US style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Skype: Bulls.Bears </span><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><img border=0 width=210 height=101 id="Picture_x0020_2" src="cid:image014.jpg@01D68B38.481678B0" alt="cid:image012.jpg@01D0BFE7.544DF490"></span><span lang=EN-US style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:106%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm;height:99.35pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#1F497D;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:white'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#1F497D;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:white'>DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other Indices quoted herein are for guideline purposes only and sourced from third parties.<o:p></o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-GB style='font-size:9.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=917 colspan=4 valign=top style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:9.0pt;line-height:105%;font-family:"Verdana",sans-serif'>(c) 2020 <b>Web</b>:<a href="http://www.bullszimbabwe.com/"> www.bullszimbabwe.com </a><b>Email:</b> <a href="mailto:info@bulls.co.zw">info@bulls.co.zw</a> <b>Tel:</b> +263 4 2927658 <b>Cell:</b> +263 77 344 1674<o:p></o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=917 colspan=4 valign=bottom style='width:687.5pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=184 colspan=2 style='width:137.95pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr></table></div><p class=MsoNormal><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></div></body></html>