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Kiboko Financial Services Ltd

Kiboko Financial Services Ltd. 29 th -30 th May Board Meeting. Contents. Key milestones Staff Clients Financials Going forward. Key Milestones. Staff. This is the anticipated structure when we have a full team in place. Client List. Financials: Group premiums/commissions.

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Kiboko Financial Services Ltd

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  1. Kiboko Financial Services Ltd 29th-30th May Board Meeting

  2. Contents • Key milestones • Staff • Clients • Financials • Going forward

  3. Key Milestones

  4. Staff • This is the anticipated structure when we have a full team in place.

  5. Client List

  6. Financials: Group premiums/commissions Note: these are as at 17th May 2013. UGX converted to USD at $1 = UGX 2580

  7. Financials: Other client premiums/commissions Note: these are as at 17th May 2013. UGX converted to USD at $1 = UGX 2580

  8. Financials: Insurer Mix • Our business mix currently is predominantly with Phoenix Assurance. We are working with all the major insurers. However we are finding APA to be the quickest to provide quotations and the most competitive.

  9. Financials: Expenses Note: These expenses are from inception up to 17th May 2013

  10. Financials: Summary • Kiboko Group policies expected to reach $500k by 31/12/2013 (approx $100k commissions). • Forecast gross premiums from other clients, including existing and new, is $425k to year-end. • Premiums received from clients as at 17th May is less than 5% of total. Premium payment is a major issue in the market and we are working with our clients and hope that most accounts should be settled by the end of June.

  11. Going forward • Tie up with a global broker, possibly Willis or JLT as they currently do not have a partner in Uganda. This will allow us to access the oil market when it starts picking up in the next few years. • Consider opening a brokerage in Kenya as bigger market and network through our directors and business associates, ideally before the end of 2013 so we can get the 1/1/2014 renewals. • Any contacts that you have, please refer them to us. • Thanks for listening

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