FirstIdea Consulting Limited was awarded a contract to carry our due diligence of an investment aimed at supporting Strathmore Business School to expand its Management Development Program in Uganda into Tanzania and Rwanda. The services were meant to assist Financial Sector Deepening Africa (FSDA) make an informed investment decision. FirstIdea Consulting Limited carried out a comprehensive due diligence, including interviews with the various financial institutions and other stakeholders in Kenya, Uganda, Tanzania and Rwanda. They presented a comprehensive feedback and credible recommendation report. The assignment was implemented according to contractual agreements. FSDA confirms that FirstIdea Consulting Limited provided the services to our satisfaction and standards. We therefore recommend them for similar assignments. Dr Julias Alego Director, Professional Education
Financial Sector Deepening Africa (FSDA)
FirstIdea Consulting performed high quality and responsive financial consultancy services for our organisation. Specifically, the Africa Digital Media Institute (ADMI) retained FirstIdea Consulting to complete the following tasks: set up a comprehensive chart of accounts; create a financial filing system, review the accounting system for mis-postings and errors; do data entry for all financial transactions; reconcile Director Capital contributions, do bank reconciliations and mobile money statements, prepare petty cash register, accounts receivable, accounts payable and the asset inventory. In addition, they developed an intuitive financial procedures manual and comprehensive financial statements for 2016. Further, FirstIdea Consulting was mandated to manage the process of recruiting our organisation’s Finance Officer. The candidate has since been confirmed and regularly benefits from FirstIdea Consulting counsel. Although not originally in their mandate, FirstIdea undertook a tax health-check for us, reviewing the regulatory compliance on withholding tax, Value Added Tax, Pay as You Earn (PAYE), National Hospital Insurance Fund (NHIF) and National Social Security Fund (NSSF). We look forward to continued partnership with FirstIdea Consulting during preparation of organisation reports and presentation of the same to Board members for elaborate decision making. The Africa Digital Media Institute (ADMI) can confirm that FirstIdea Consulting provided all services to our satisfaction and standard needs. In the light of the excellent services provided over the last years, we will not hesitate to refer them for similar assignments. Dr Laila Macharia Managing Director
Africa Digital Media Institute (ADMI)