Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:CHAIRMAN’S STATEMENT
Dear Investor,
It is my pleasure to present to you this Listing Statement on behalf of the Board of Directors of Nairobi Business Ventures Limited.
As one of the more successful retailers of leather footwear and accessories in Kenya, Nairobi Business Ventures endeavours to build and promote a dominant African leather products brand from Kenya. Our adherence to good quality products and the value for money proposition has led to the Company’s initial success.
Kenya’s potential and that of its people is undermined and this in my opinion needs to change. Kenya has a rich source of raw materials and the skilled labour required to harness the growing demands of the leather market worldwide. Today, Kenya and Ethiopia are among the largest producers of raw leather in Africa.
However, as a country, Kenya exports raw material and imports finished products at a premium unlike Ethiopia, which is processing its raw material, manufacturing various leather products and supplying finished product to various European markets.
Nairobi Business Ventures sees a significant opportunity in the industry and believes that Kenya cannot afford to be left behind in the leather industry.
Nairobi Business Ventures has taken time to do extensive research on the leather industry in Kenya and the Eastern Africa region at large. We have evaluated the challenges we are likely to encounter in our venture and put in place the required mitigations. We would like to join hands on this mission with other Kenyan investors who share in our vision.
Our brand, “KShoe” will be built and established as one of the significant brands emerging from Kenya. To achieve this objective, Nairobi Business Ventures will expand its presence first through retail expansions and invest in backward integration into manufacturing. Our objective is to create world-class leather products and build KShoe as
a formidable brand from Kenya. We believe that we can achieve this objective if we take one step at a time.
I request you to extend all support and good wishes in making this journey a success.
Yours Sincerely,
Dr. Alfred Kithusi
Chairman, Nairobi Business Ventures Limited Pesa Nane plans to be shilingi when he grows up.
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