Professional Documents
Culture Documents
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Currently in Zimbabwe there are two sources from which energy that are
electricity is processed from. The sources are Kariba hydroelectric power
and Hwange thermal power station. Due to excessive power cuts in that have
salvaged the nation of Zimbabwe people have resorted to firewood, solar
panels and gas stoves as well as generators for lighting and heating purposes
within their homes. The rural electrification program is at the moment
abandoned due to shortage of electricity. The electricity being processed is
not even able to carter for the already electrified areas of the country.
Currently the Zimbabwe Electricity Supply Authority (ZESA) is importing
100 Megawatts of electricity from the Democratic Republic of Congo to try
and solve the problem of power cuts.
Looking into the future of the energy industry locally and internationally, it
is realized that especially for Zimbabwe the economy is coming from a
downtun.The reviving economy means that industrialization is growing thus
a growing capacity in terms of the power needed. However it is noted that
though the capacity of the needed power is increasing the capacity being
produced at ZESA is not increasing. More sources of power are going to be
required thus the business is expected to grow within the energy industry as
people will be opting for means which are of least cost though providing the
same product. This venture also seeks to substitute the imports by at least
50%.The import being the electricity from DRC.
The business venture is also trying to tame the pollutant gas methane by
producing power from it thus reducing the environmental pollution. Studies
have shown that the famous methane gas contributes about 32% of the air
pollution. Of the 32%, the 15% comes from cow dung and the other from
biogas that is human waste. This business venture seeks to tame the methane
gas in accordance with Environmental Management Act.
The legal name of the company is Sunshine Holdings Private Cooperation.
The company is not yet registered but intends to do so by the end of
December 2012.
Sunshine holdings workshop will be located in the southerton industrial area
and will have its offices or headquarters at:
No.6 Norbert House
Corner Kwame Nkurumah and Harare Street.
Operations are set to commence on the 1st of April 2013.Our first plant will
be launched in July 2013.The owners of the company are
Penelope Malunga, Lavinia Chikomo, Lorraine Chikomo, Prince Jinya,
CliveMadzima, Simbarashe Nyadenga and, Liberty Jeketera
Sunshine Holdings is a start up company therefore does not have any
history.
To be a fully integrated, internationally competitive firm offering high
standards of power or energy solutions to customers ready to work with us.
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The methane from the pit latrines is collected into a main septic tank by the
use of pipes. The plant will be erected at the place where the major septic
tank will be located. It is well known that methane is collected by upward
delivery so they will be a collection tank which will be built on top of the
septic tank and will be linked by a pipe. The methane in the tank will be
compressed and is used to heat water in a water tank. The mechanism is
connected to a mini vapor power plant. The vapor power results in the
realization of our final product, electricity.
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The organizational chart of the key personnel is shown in the chart below.
CEO-
CLIVE MADZIMA
COO-
PENELOPE
MALUNGA
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Is responsible for
Î Designing, developing and implementing strategic plan for the
company in the most cost and time effective manner
Î Day to day running of the company and developing business plans for
the long tern future of the organization
Î Accounting to the board and the share holders of the company
Clive brings to the company many years of experience in the energy
industry. He is currently an undergraduate doing Bachelor of technology I
Industrial and Manufacturing Industry.
Is responsible for
Î Develop and plan operational strategies to enhance business growth
Î Architect initiate and execute project management strategies
Develop and initiate logistics to expand the operational presence of the
business
Penelope Malunga is the originator of the idea and brings to the company
her expertise. She is currently studying a Bachelor of technology in
Chemical and process system engineering.
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Is responsible for
Î Overall control of the finance function reporting directly to the CEO.
Î Coordinate with the accounting staff in maintaining all financial records
including the general ledger.
Î Prepare financial statements on operational basis.
Î Interact with department heads to know their budgetary needs.
Î Prepare annual budget
Î Plan, develop and implement internal audits system to check financial
irregularities.
Is responsible for
Î Manages and coordinates work of the process managers reporting
directly to him
Î Devises and plans company policies as well as discussing them with
the top management for approval
Liberty Jeketera is also a an undergraduate doing a bachelor of technology in
Industrial and manufacturing engineering
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Sunshine holdings aretargeting market segments which are densely
populated examples of such areas are missionary schools, farm compounds
and market places.
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The pricing strategy will be a value based approach which follows from our
position of being a high quality producer. A market research was conducted
(a questionnaire is attached in the appendices) and it was established that
customers prefer a product that is dependable, cost effective and durable. It
therefore follows that Sunshine Holdings pricing will be market skimming.
From this market research it was also established that 60% of the target
market is using ZESA as their main source of electricity, 35% use generators
and 5% use solar panels. Therefore sunshine holdings foresee potential in
this market and seek to acquire at least 50%.
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It has been identified that people need electricity all year round so the timing
for our marketing activities will be all year round thus it will be heavy
advertising from the day we will commence operation until our sales start to
increase and then will moderate.