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SHEGER
City Meter Taxi
is a share company established under the Ethiopian Commercial Law, trade
registration and licensing proclamation No.67/1989, article 5, registration
number 04/2/23124/00 to work in the transportation sector. The company has
currently finalized all preparations to enter the free market as an option in a
bid to curb the current transportation problems by providing modern meter taxi
transportation system fully supported by state-of-the-art technology.
Apart
from alleviating the transportation problems, Sheger City Meter Taxi is also
aspiring to promote joint endeavor and create huge capital to build the
financial capacity of the nation by creating wealth through mobilizing resources. Upon going fully operational, the
company will use relatively modern and comfortable vehicles which are in tune
with the pollution reduction efforts of the country and will create jobs for
more than 300 people.
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Summary of Share Offering
(See Prospectus for full details)
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Par Value (per share)
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ETB 1,000 |
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Service Charge (per share)
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ETB 90
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| Terms of Payment |
5-49 Shares Full Payment, 50-500 Shares Half Payment |
Minimum Investment
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5 shares (ETB 5,000 + Service charge)
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Maximum Investment
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500 shares (ETB 500,000 + Service charge)
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Founding Shareholder Benefits
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3% of net profits for 3 consecutive years will be set aside for disbursement to founding shareholders
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| Initial Offering Closing Date |
To become Founding Members until July 7, 2009
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| Initial Offering Closing Date |
None
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The Need
Sheger City Meter Taxi Share Co. was inspired to
introduce the service to Ethiopia and to the capital city by deeply and
meticulously analyzing the current market through commissioned research in the
following areas:
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The current
transportation problems in the city, their magnitude and their possible
solutions
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The level of
accountability for disputes that might arise between the service provider and
customers
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Lack of
up-to-the-standard transportation system in the capital, especially at times
when guests arrive in the city for international conferences and similar other
events, which necessitate the provision of modern, efficient and comfortable
transportation service.
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The possibility of
enabling the owners of the vehicles to become direct and genuine beneficiaries
of the revenue obtained from the sector
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The technical
capability of the current vehicles in the market
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The profitability of
the business for share owners
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The possibilities in
the future for the share owners to acquire the vehicles on purchase
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The feasibility of
expanding the services to regional towns and cities
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Issues pertinent to
dividend distribution
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The need to ease the
sector from the current rate of traffic accidents and discipline problems by
uplifting the professional and ethical standards of the drivers
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The viability of
providing service that is supported by modern technology in order to become
more competent than other service providers in the sector.
These factors have been deeply dealt with in the study
which clearly affirms the profitability of our company from the sector.
For more information on our Company Please click Here .
How to Invest
Simply drop us an
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or call your nearest Emergent Global office (011 6-618-55-94 in Addis
Ababa, Ethiopia or 703-435-9455 in the US or from anywhere else in the
world) and we will walk you through the entire process.
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