Caleb, In case the Nile Initiative funds can still be traced those who contributed should be encouraged to try the new venture as discussed in the Science Cafe. Perhaps mechanisms could me established to transfer their funds to this new arrangement if they so wished. Aggrey Adrale
--- On Tue, 25/1/11, Caleb Alaka <[email protected]> wrote: From: Caleb Alaka <[email protected]> Subject: [WestNileNet] Fw: RE: Science Cafe & Birth of West Nile Foundation Investment Club To: "A Virtual Network for friends of West Nile" <[email protected]> Date: Tuesday, 25 January, 2011, 22:13 Wendy, Thanks for raising this issue. For the record, I was neither the Chairperson, nor the Vice or even the treasurer. I was not a signatory to that account. I also raised the same issue during the Science Cafe at the Nalya meeting. I was not a signatory to the account and I was not in charge of the money. I also want my contribution. That initiative had several flows. We did not have a fund manager, neither where we educated about collective Investment Funds. We kept idle money which I understand other members ended up borrowing. I do not know the borrowers and I do not know whether borrowed funds where refunded. I did not borrow any money from that fund. Avutia was the treasurer. I think we shall cause a meeting of all the contributors of the Nile Initiative for a meeting. That time, we also did not have the Anti Corruption Court to Charge any person who embezzles public funds. But this new initiative is under a frame work of an organization which is Registered. The fund will be run by a professional fund manager registered and regulated by the Capital Markets Authority. I believe it will also be insured. For me I will try a short at it when the necessary guidelines are adopted by the Forum. --- On Tue, 1/25/11, [email protected] <[email protected]> wrote: From: [email protected] <[email protected]> Subject: RE: [WestNileNet] Science Cafe & Birth of West Nile Foundation Investment Club To: [email protected] Date: Tuesday, January 25, 2011, 1:34 PM Well said Caleb, However what happened to the savings we made towards the West Nile Initiative around 2004. I remember I was if not the only lady, then one of the few who put in some dimes. I have tried to follow up with Dick (Treasurer then) , Eng. Okuni, Droma etc but no proper feedback. As one of the signatories to that account can you explain how I can access my dimes? From: [email protected] [mailto:[email protected]] On Behalf Of Caleb Alaka Sent: Tuesday, January 25, 2011 2:31 PM To: A Virtual Network for friends of West Nile Subject: Re: [WestNileNet] Science Cafe & Birth of West Nile Foundation Investment Club Dear Maandera, The suggestion for 100,000 quarterly was just muted but not yet adopted. Some Members suggested that it should be 100,000/= per month say for two or three years. The fund will have an investment manager who will be an investment advisor. The committee is seating tomorrow to fine tune, its TOR which will be discussed and approved by the Forum. --- On Tue, 1/25/11, Maandera <[email protected]> wrote: From: Maandera <[email protected]> Subject: Re: [WestNileNet] Science Cafe & Birth of West Nile Foundation Investment Club To: "A Virtual Network for friends of West Nile" <[email protected]> Date: Tuesday, January 25, 2011, 5:40 AM Hi All, I have browsed the ideas shared on this net on the Investment Club. Since I am among those who missed the Science Cafe presentation, I have two requests to make. I suppose the first one is part of the report. All the same let me pre-empt it. 1. About the quarterly payment: Does it go on forever or is there a time period e.g 2 years, etc when one pays this 100,000/= quarterly? What happens when one defaults payment in one or two quarters? 2. About the venue for the Science Cafe -- if it does not infringe on the privacy and security of our hosting brother, may I request that a "how-to-get-there" direction is posted for those who are not familiar with K'la or Naalya for that matter? I might not be the only one in Jerusalem who does not know the place. It would be nice if you could kindly provide options for those of us who use public means, including boda-bodas and those who use their own vehicles. I must appreciate the fact that this time members have some video recording of the presentation. I remember requesting this towards the beginning of these Cafe presentations. No one even commended on it. I still think for documentation purposes, recording these events are useful. Thanks for all your efforts. Maandera On Mon, Jan 24, 2011 at 9:40 PM, Caleb Alaka <[email protected]> wrote: --- On Mon, 1/24/11, Caleb Alaka <[email protected]> wrote: From: Caleb Alaka <[email protected]> Subject: Birth of West Nile Foundation Investment Club To: "A Virtual Network for friends of West Nile" <[email protected]> Date: Monday, January 24, 2011, 5:49 AM Ladies and Gentlemen, As you are absolutely aware, one of our objectives as stated in our memorandum and articles of association is to venture into a collective investment scheme. The same is also reflected in our strategic Plan. Good news, Yesterday, during the science cafe under the tutelage of our able sister Christine Munduru, Our own investment expert Denis Aliga together with our ebullient elder Geoffrey Onegi Obel who is the God father of Capital Markets in Uganda made a breath taking presentation on collective investment schemes. Members then resolved to move forward and as a result the Committee on the WNFIC was formed. The members of the committee are the following: 1. Chairperson Richard Okuti Borao 2. Vice Chairperson Adiga Jimmy 3. members Alemi Kenyi William, Akille Igu Rocks, Adukule Winnie, Azabo Francis, Abati Nickson. Azabo Francis is the treasurer, meanwhile Denis Aliga is the Investment advisor and Caleb Alaka is an ex-officio by virtue of his position as the President. Members also agreed that the committee formulates its TOR, and members are urged to contribute a minimum of 100,000 per each three months to the scheme, the funds will be managed by a fund manager registered and approved by the capital markets authority. -- This message has been scanned for viruses and dangerous content by MailScanner, and is believed to be clean. _______________________________________________ WestNileNet mailing list [email protected] http://orion.kym.net/mailman/listinfo/westnilenet WestNileNet is generously hosted by INFOCOM http://www.infocom.co.ug/ All Archives can be found at http://www.mail-archive.com/[email protected]/ The above comments and data are owned by whoever posted them (including attachments if any). 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_______________________________________________ WestNileNet mailing list [email protected] http://orion.kym.net/mailman/listinfo/westnilenet WestNileNet is generously hosted by INFOCOM http://www.infocom.co.ug/ All Archives can be found at http://www.mail-archive.com/[email protected]/ The above comments and data are owned by whoever posted them (including attachments if any). The List's Host is not responsible for them in any way. _______________________________________________
