Welcome to Nambi Club

Hello,

Welcome to the third edition of our weekly newsletter. This past week, we welcomed 10 new members to our community. We are now at 320 members and ploughing ahead. We are open to new members that meet our criteria. Please refer to any new member by asking them to apply here. Other than that, we had a glorious week full of events. Let me update you.

What Did We Do Last Week?

The Nambi members mixer made a return to London, the place where the idea of Nambi was birthed. This event was attended by our Community Manager Peter Kisadha. Also in attendance we had our members like Busie-Matsiko, Serubiri Uhuru, Louisa Kiwana, , Matthew Mukalere and Daniel Mukisa. At this event, we had conversations about the future of Nambi and how we can maximise the community’s potential to benefit our members. Over the course of the week, we will make announcements about our resolutions from this mixer.

Our community manager, Peter Kisaadha, joined the Unlocking Africa’s Potential conference at the Said Institute in a discussion with another Nambi member, Busie-Matsiko Adan.

What to Expect This Week

We are having another mixer this week on Thursday. We will host Intellecap, a VC Firm in the USA that is looking to connect with Ugandan founders in the solar energy sector as well as investors and other ecosystem builders. The event will be at Dymz Hotel and one will need to RSVP to join us. It is also a networking opportunity.

Member Updates

• Congratulations to Nambi member, George Arthur, who raised $40m for his company TowerCo of Africa Uganda. This funding will enable TowerCo to expand 4G/5G network coverage to Uganda’s rural areas.

• Our member, Olivia Byanyima was appointed the new Regional Director for Nordic Impact Fund, a fund that looks to eliminate world poverty in emerging countries through investing in sustainable businesses. In Uganda, Nordic Impact Fund invested $150,000 in Xeno. Xeno was founded by Aeko Ongodia, a member of Nambi.

• Another member, Amanda Kabagambe, a partner at TLG Capital, was the head of the EAVCA Steering Committee Uganda Chapter. She was tasked with pulling off the 8th Annual Private Capital Conference which she successfully did on the 13th of June. The event was held at Speke Resort Munyonyo and attracted over 300 delegates from across Africa.

What Are Our Members Reading?

1. Tackling product-market fit: Tactics and frameworks for new and future founders. Use smaller deals to prove scale and other great ideas for early-stage growth from the founders of Box, Atlassian, and Shippo. From Bassemer Venture Partners. Read the full article here 

2. In the late 90s and early 2000s, TV was the peak form of leisurely entertainment in South Africa and ads had a high return on investment for advertisers. But from the late 2000s, as viewers went from watching big boxes in their living rooms to watching little boxes on their palms, TV’s attractiveness as an advertising medium has continued to wane. From Tech Cabal. Read the full article here.

Goodbye. See you next week!