NORTHERN PROVINCE MUSANZE — Business entrepreneurs under the umbrella association of Northern Province Investment Cooperation (NORPIC) have signed an article of association regulating their operation.
NORTHERN PROVINCE
MUSANZE — Business entrepreneurs under the umbrella association of Northern Province Investment Cooperation (NORPIC) have signed an article of association regulating their operation.
At a meeting with the legal team, private sector federation (PSF) and provincial authorities, all shareholders agreed to sign before the official notary the Frw 999 million grand investment project.
According to the statute, share holders are required to pay their contributions in three installments within a period of one year.
The vice chairperson of PSF, Josephine Mukamasabo, hailed the members and NORPC for the partnership and development initiative, promising full support from private sector federation.
NORPIC S.A is made up of 91 initial shareholders, with 1998 shares valued at Frw 999 million with each share valued at Frw500, 000.
Members were asked to honor their commitments contained in the statute.
Other business partners present included FINA Bank, which promised support towards small market enterprises.
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