As we speak the total fund is -7% and yes it is red on paper. Nevertheless, our Intrinsic Value has grown at a higher rate when re-investment of dividends is taken into account, good capital gains made after sales of Safcom & Scan in 2010 bought in the trenches of 08/09. We've only sold at slight losses when re-balancing the portfolio or in pursuit of better prospects e.g recently reduced KGN for more KK ex.div 2010 @9.3.

I like the direction in which you are thinking- cheap, abundant power. I would hold off on nuclear ambitions however, until Turkana wind and Rift geothermal is fully exploited. These technologies are cheaper to implement and easier to manage and maintain than nuclear, not to mention, anyone can leverage these sources without international agencies screaming and yelling at every turn.

There's more than enough wind in Turkana and geothermal heat in the Rift Valley to provide all of Kenya's energy needs, and to have surplus energy to sell.

Best,

Hill

Our Fund is currently an SME in itself which can be sold later to as many public seeking investment diversity after earning from the sort of businesses JH is talking about and also provide debt/equity capital [Corporate Finance]. Thus, our role is equally important in Vision 2030 and we work to see it come to pass everyday.

We would principally direct funding into concerns like Energy, Financial services & Consumer Retail.