Nuru Social Enterprises Ethiopia (USA)

Nuru Social Enterprise (NSE) is a for-profit company under establishment in Ethiopia. NSE is owned by private social investors from USA. In its business operation model, NSE would focus mainly on businesses which will serve social purpose in addition to generating profit. While doing business addressing social problems, transferring technologies, and creation of job are key components of its objectives. The name “Nuru” derived from Kiswahili, means “Light and hope”. As Nuru had launched its project first in Kenya, the company is named by descriptive word from Kiswahili language which is widely spoken in East African countries. Currently the company is performing multiple preparatory tasks to launch its business. Among other: Recruiting focal person to run establishment of the company and perform representation. Carrying out research and develop business plan for multiple lines (with the help of foreign business consultant). Fulfilling legal requirements to be registered as foreign investor in Ethiopia (by the help of local and international legal advisors) Coordination office opened in Addis Ababa at Bole sub-city near civil service collage About four business ideas identifies, researched and Business plans developed accordingly. Identification of potential business partners is under way by publicizing through appropriate plat forms Registration for the company by appropriate government authorities in underway and will be concluded soon. Implementation modality As its implementation model, Nuru Social Enterprise would like to see the possibility of partnering with the existing local entrepreneurs’ business as opposed to fully own and run a new business by its own. The partnership should be built based on in depth analysis on the potential parties with regards to current status in a particular business; experience on the specific business line; access to existing networks; local knowledge of the business environment; access to technology and expertise and financial capacity. In this context, a partnership is "an association of two or more persons or legal entities to carry on a for profit business as Co-owners with local partners. In verifying the above considerations Nuru social enterprise may take subsequent meetings with the potential business partner often with a number of question from both sides to understand well each other. Besides detailed company profile of the potential partners will be reviewed for better understanding of their businesses. The aim of the partnership is to take the existing business into higher level to meet the new vision to be crafted by the partners jointly. The size of operation, investment scale, customer base and envisaged profit size should be revised accordingly. The contribution of each party in the partnership should also be itemized to determine shareholding. Existing business assets of each party will also be valuated before including into the new ownership arrangement. Implementation…