🇺🇬 BIG NEWS 🇺🇬 Rootical Ventures Uganda Ltd. was officially incorporated yesterday, 𝐛𝐞𝐜𝐨𝐦𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐬𝐭𝐞𝐰𝐚𝐫𝐝-𝐨𝐰𝐧𝐞𝐝 𝐞𝐧𝐭𝐢𝐭𝐲 of Uganda, East-Africa and probably the entire continent.
Rootical is a regenerative venture studio. We power Ugandan entrepreneurs to build and own their agri-food businesses, designed to transform the food system.
𝐁𝐞𝐢𝐧𝐠 𝐒𝐭𝐞𝐰𝐚𝐫𝐝-𝐎𝐰𝐧𝐞𝐝 𝐦𝐞𝐚𝐧𝐬:
✊🏾 We are now a profit-for-purpose company with its mission locked into its legal DNA, forever.
💸 We can work with impact-aligned investors and pay fair-share returns for all.
🚀 The active stewards, involved in the day-to-day pursuit of the company's purpose, will always be at the steering wheel.
🤑 Independence: Rootical can never be speculatively sold.
Mandela Ivan, Joachim Ewechu, SHONA and myself have legally established Rootical as co-founders.
☘ Steward ownership is the perfect way to translate the principles of agroecology and organic agriculture -- Health, Ecology , Fairness and Care -- to business ownership.
💪🏾 Our aim is for Rootical to become fully Ugandan-owned over time, led by its employees and the Rootical venture founders that emerge successfully -- they are best placed to continue steering Rootical towards its purpose.
🎯 Purpose lock: in terms of governance a lot has to be decided still, over the coming years, but one thing cannot be undone: we trusted an external board of golden shareholders to be our mission guardians, josephine akia, Ruth Nabaggala, Fabio Leippert, Bart van der Zande.
🔐 We cannot reverse our steward-ownership set-up. They hold veto rights over all important decisions regarding our governance, financial and legal DNA.
Rootical is intentional on actively promoting steward ownership. We are already transforming the landscape of (agri-food) business ownership in (East) Africa.
➡ 𝘑𝘰𝘪𝘯 𝘶𝘴 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘤𝘰𝘯𝘷𝘦𝘳𝘴𝘢𝘵𝘪𝘰𝘯, 𝘩𝘢𝘱𝘱𝘺 𝘵𝘰 𝘭𝘦𝘢𝘳𝘯 𝘧𝘳𝘰𝘮 𝘺𝘰𝘶𝘳 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦𝘴, 𝘰𝘳 𝘧𝘦𝘦𝘭 𝘧𝘳𝘦𝘦 𝘵𝘰 𝘳𝘦𝘢𝘤𝘩 𝘰𝘶𝘵 𝘧𝘰𝘳 𝘢𝘥𝘷𝘪𝘴𝘦!
🔔 Do you want to co-found a steward-owned agri-food business in Uganda and shake up the food system? We are recruiting our next cohort. Apply today via rootical dot org!
#stewardownership #business #ownership #Africa #Uganda #purpose #impactinvesting #socialentrepreneurship
🙏🏾 Fresh Ventures Studio, Purpose Economy, Steward-owned,The DOEN Foundation, Mustardseed Trust, Biovision Foundation, Ambassade de France en Ouganda for your inspiration and support.
