BY: Mamour. M Mbenga (Kifa)
A renowned Gambian Musician, social activist, philanthropist and an entrepreneur, Mr. Modou Lamin Bah popularly known as Egalitarian Chairman of Real Time Investment Company Ltd on 14th February, signed a Memorandum of Understanding(MOU) with Mr. S.M Ali Chairman of AXX Investment LLC a potential UAE investor.
The signing ceremony was held in Dubai; UAE by both parties under the management of the two corporate companies.
OBJECTIVE AND PURPOSE OF THE JOINT VENTURE:
The objective is to contribute to the development of The Gambia, the joint venture agreement will operate under the name “Nation Development Organization” and the primary focus will engage in various initiatives that aim at fostering economic growth, social, sustainable and infrastructural development in The Gambia.
DUTIES AND RESPONSIBILITIES OF PARTNERSHIP:
Following the successful signing ceremony of both parties Mr. Bah said AXX Investment LLC shall be responsible to provide financial resources, strategic guidance, and managerial expertise to ensure the successful establishment and operation of the Nation Development Organization.
He briefly said Real Time Investments Company Ltd shall be responsible for establishing and operating the organization office in Dubai, UAE. Mr. Bah will also contribute his expertise in project management, local knowledge, and networking to advance the joint venture’s objectives.
As a successful entrepreneur with wider networks he prefers to establish an office in Dubai, UAE, which shall serve as the regional headquarters for the Nation Development Organization.
The office will be equipped with necessary facilities and staffed with qualified personnel to carry out the organization’s activities effectively.
Mr. Bah emphasizes areas of financial investment and funding opportunities for the Nation Development Organization.
“AXX Investment will create the funding and make the investment to the joint venture based on an agreed – upon financial plan”, he said. While Mr. Bah will secure additional funding through grants, partnerships, and other source of funding initiatives to support the identified projects in the Gambia.
PROJECT PRIORITIES:
The joint venture agreement will aim to prioritize and focus in areas on diverse initiatives such as infrastructural development, agriculture, technology, energy, financial, education programs, healthcare initiatives and sustainable economic projects.
By strategically addressing these sectors, the joint venture aims to contribute significantly to the holistic development of The Gambia most importantly enhancing the quality of life for its citizens and creating a lasting positive impact on the nation’s socio – economic landscape.
ABOUT:
AXX INVESTMENT LLC:
AXX Investment LLC is a world class business gateway in Dubai, UAE it is an autonomous body that ventures in various economic development initiatives.
Their social economic projects have created a wider network to various stakeholders globally, they offer financial consultancy services, participate in economic business forums, create partnership development projects.
The company has been in existence for more than a decade and has a wider exposure to the finance world.
AXX Investment (Project Financing)
The company focuses on financing of long – term infrastructure, industrial projects and public services based upon a non – recourse or limited recourse financial structure, in which project debt and equity used to finance the project are paid back from the cash flow generated by the Project.
Among their financial development initiatives are; long term infrastructure financing, Industrial projects financing, Public Services Financing, Real Estate Development Projects, Energy Sector Development Projects, Technology Resource Financing etc.
Mr. S.M Ali Chairman of AXX Investment:
Mr. Ali is a prominent and reliable potential investor residing in Dubai, UAE, presently he assumes his responsibilities as the Chairman of the AXX INVESTMENT.
He is an esteemed protagonist and a highly respectable intellectual; Mr. Ali has been a constant identity and a beacon of hope to many investors. His magnitude, manners, discipline has earned him a wider connection in the global business industry.
He is known to be very influential in economic policymaking with a remarkable three decades of familiarity and exposure to the finance world.
He attributes and registered a series of achievements and development in various sectors and the wider world. He has been a key figure; designing the venture capital platform within India and across the globe.
ABOUT:
Mr. Modou Lamin Bah Founder and Chairman Real Time Investment Company Ltd; his contribution to society, humanity, specifically on Youth matters and promoting women empowerment.
Mr. Modou Lamin Bah prominently known in the Sub – Region as Egalitarian was born in the Gambia.
He is one of the top – notch prominent musicians in the region whose art work contributes change to the lives of many.
He applied his creative art(Music) in order to amplify his voice in promoting global unity and peace.
He has won a series of both national and international awards which earned him global recognition among top prominent public figures and world leaders.
Two decades ago he used music to promote child education, vulnerable class and the orphanage society by using gate tickets as a form of a revenue to raise self – help projects for children with special needs.
Mr. Bah continues to stretch his effort and commitment in various sectors moreover now in the investment industry that gained him a global network with successful and prominent business tycoons and other prominent figures in the globe.
Mr. Bah is the Founder of the Egalitarian Foundation a charity body that supports youths that have future potential, he is the financial incubator with the support of his partners.
Mr. Bah has initiated a sponsorship education program named “Educate Your Neighbor” that is currently supporting children with special needs, drop – out students and youths at large.
The Foundation is currently running a sponsorship program of 100 participants on an IT program and also supporting the ill with their medical bills.
He also has a kind interest in promoting diverse cultural values and as well as promoting sports education and development within youth football academy.
