Did UACNs track record assist in convincing Actis that it was making a good investment?
Ans. One of the things that struck us was that the management team has done a good job in a difficult situation. That track record was important. Its involvement in Quick Service Restaurant was interesting. That’s the most tangible side of a real growth. It’s a sign of track record that was impressive. Besides good returns, what else does Actis’ emphasize in its investment drive? Ans. We are concerned with business that has a good corporate citizenship, sensitive to the environment, good standards in occupational health and hygiene and the ethical standards are good. These are as important to us as good returns. It is not enough to make money and do things that are damaging. Also, it is not enough to be good corporate citizen and make no returns. We see UACN as a company that is working to do both. From your study of the Nigerian economy, what do you hope to see in the country? Ans. I am impressed with what the reforms have been able to achieve in terms of the macro-economics environme
