Chama to Conglomerate’ captures the global phenomenon of group investment, whereby like-minded people pool their resources together on a regular basis to pursue business projects with long-term returns. This book shows how they can grow from a small club of investors to a big corporate entity.
Chamas (informal investment groups) are an African phenomenon with a history that can be traced way back. There have become really common and come about where individuals come together to form groups with a social and commercial agenda. Unfortunately most of these chamas have a very short lifespan and do not live up to the expectations of founding members.
According to Tony Wainaina, chamas as an investment group phenomenon is a sleeping giant with far greater potential for economic growth.
The book begins by explaining the value of working and investing in a group and the power of compounding. It then goes on to explain the steps in establishing, forming and structuring your investment group.
The use of Trans- Century Limited, recognized as the most successful investment group in East and Central Africa, as a role model for aspiring investment groups is given in detail, together with lessons to be learnt from their success. There are a few more chapters as well on management and administration that highlight in detail the do’s to make a successful investment group.