Savanna East Africa's 2011 goals
US-based Savanna has a revenue objective of USD 10 million from its investments in East Africa this year.
In a webcast broadcast this week, CEO Phip Verges said the company’ s 2011 business plan builds on early work done in the Newmarket Technology Greenfield Partnership Programme.
The programme is building a portfolio of investment in business in East Africa, initially in Kenya.
These nclude oil and gas investments. and involvement in initiatives in technology and systems integration services and utility support services.
This year, the company will complete acquisitions that were started in recent years, including those of a systems integrator and a condom manufacturing business, Palm Healthcare. These are expected to be concluded soon.
Savanna East Africa will also continue to develop organic projects to develop affordable housing in Kenya, and WiFi utility monitoring projects.
It is currently also involved in a pilot project to use WiFi in a water metering system in Kenya.