Sunday, February 28, 2010

CEO Praises Rice MBAs Work in Rwanda

Kigali, Rwanda (Sunday, February 28) -- The CEO of one of Urwego Opportunity Bank in Kigali congratulated four teams of Rice MBAs and engineering undergraduates for finding ways to commercialize their Rice bio-medical ideas.

"You are looking to present those ideas to venture capitalists to see whether you can get their support," said Lee. "This work is real and applicable, and I know you appreciate that."

The four teams have brought four bio-technologies to Rwanda to find markets, establish prices, seek suppliers and distributers in Rwana -- all in an effort to create business plans for potential investors.

Click arrow below to see video.

Jeffrey Lee, CEO of Urwego Bank in Kigali


Jeffrey Lee, who describes himself as a financial enterpreneur, has worked from branch banking to project finance, from community banking to corporate banking.

From February 1, 2009, he has been leading Urwego Opportunity Bank in Kigali, Rwanda as CEO.

Teams set to work today

Kigali, Rwanda (Monday, March 1) -- Over breakfast the teams will hear from Dano Jukanovich of Karisimbi Partners and Clare Akamanzi of the Rwanda Development Board.

Karisimbi Business Partners seeks to alleviate poverty by developing ambitious and strategically-placed Rwandan entrepreneurs. "We pick up where micro-finance, business incubation and small business development models leave off," reports their Web site. "Karisimbi Business Partners builds businesses by developing the management capacity of promising mid-sized ventures with untapped potential."

After the meeting, teams begin the legwork of their projects, spreading out across Rwanda to determine market need, potential suppliers and distributors, and see firsthand the face of Rwanda's health care system.

In the evening the teams will report what they learned and will plan their next day's work.




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