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Insight Magazine Issue 1 2018

Insight Magazine is Sierra Leone's most authoritative business and investment magazine. It is part of the stable of business and investment products and services which make up Insight Media and Communications (www.insight.sl). In this issue: We feature AYV’s Anthony Navo Junior – the man who is redefining the media landscape in Sierra Leone; Beatrice Chaytor, AUC trade advisor, brings her authoritative eye to the African Continental Free Trade Area; Fadi Bassir – our new contributor and expert in SSA investment discusses the benefits of equity finance; and Mariama Seray Barrie, agriculturist and writer, makes the case for an integrated approach to agricultural policy. The Mistake That Made Me – our new series dips into the wisdom of making mistakes; The Future is Female – a look at the changing landscape of African entrepreneurship; Did you make money during the elections? Most of you say no! Find more on www.insight.sl

Insight Magazine is Sierra Leone's most authoritative business and investment magazine. It is part of the stable of business and investment products and services which make up Insight Media and Communications (www.insight.sl).

In this issue:

We feature AYV’s Anthony Navo Junior – the man who is redefining the media landscape in Sierra Leone; Beatrice Chaytor, AUC trade advisor, brings her authoritative eye to the African Continental Free Trade Area; Fadi Bassir – our new contributor and expert in SSA investment discusses the benefits of equity finance; and Mariama Seray Barrie, agriculturist and writer, makes the case for an integrated approach to agricultural policy.

The Mistake That Made Me – our new series dips into the wisdom of making mistakes; The Future is Female – a look at the changing landscape of African entrepreneurship; Did you make money during the elections? Most of you say no!

Find more on www.insight.sl

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CHANGE MAKER<br />

Anthony Navo<br />

Junior - an<br />

entrepreneur to<br />

the bone<br />

It’s been a stellar couple of years for Anthony Navo Junior. His TV<br />

station’s ‘Sierra Leone Decides’ series became compulsory pre-election<br />

viewing for Sierra Leoneans home and abroad. He pulled off a stunning<br />

media coup with the Presidential Candidates’ Debate on the 15th<br />

February. BBC Media Action has Africa Young Voices (AYV) radio down as<br />

the most listened to radio station in the North and West of Sierra Leone,<br />

and his media empire has won awards from AWOL and the Sierra Leone<br />

Chamber of Commerce.<br />

If anyone was to debate whether entrepreneurs are born or made – Anthony Navo would be almost conclusive proof of<br />

the former. He is an entrepreneur to the bone. The ability to identify and maximise business opportunities is in his blood.<br />

Freetown-born Navo attended the Prince of Wales School. From there he went to the UK where he studied business and<br />

management at the University of Essex. He began his business activities early: “I have always been entrepreneurial and<br />

started taking an interest in business straight after school,” he explains. His family’s import/export business was where<br />

he cut his teeth – pharmaceuticals, electronic goods and milk powder - gradually taking on increasing responsibility.<br />

He is a man who recognises the value of networks both formal and informal, and stresses that they have been important<br />

to him throughout his career. He says: “A fair proportion of my professional and social network are people I met<br />

during my school days.” He has been a member of the Sierra Leone Chamber of Commerce (SLCC) since 2004. He<br />

was introduced by a man he describes as his patron – the late Alhaji Unisa ‘Awoko’ Alim Sesay, joining the Chamber of<br />

Commerce in the same year that he opened Navo’s International Foreign Exchange Bureau Limited - which is still in<br />

operation on Siaka Stevens St.<br />

In the intervening 14 years, he has remained a committed and active member of the Chamber of Commerce, crediting<br />

the organisation for having a “significant influence on his professional life,” both as a source of advice and of professional<br />

development, by sending him on short courses and encouraging other forms of continuing professional development.<br />

Last year, he was voted in as one of 10 council members of the SLCC and sees the role as an opportunity to give back.<br />

The year 2007 was notable for Navo’s brief flirtation with politics. He was the Sierra Leone People’s Party’s candidate<br />

for Constituency 104 which is also known as Freetown East 1. He lost to APC and took a couple of months out to reflect<br />

on his future. He decided that politics was not for him and in 2008 he returned to handle communications and public<br />

Relations for African Minerals (AML).<br />

The company went on to give him a permanent contract and there he remained until 2014 when the company went into<br />

liquidation. It was a challenging role which combined his local knowledge with the international acumen of Aura – AML’s<br />

international PR agency. When Shandong took over AML, they kept Navo on as their Communications Director,<br />

subsequently promoting him to Chief Officer – the most senior national in the country.<br />

Perhaps his strongest driving force is his concern for youth empowerment. “I have always been a member of youth<br />

empowerment groups. I’ve worked with students for over 15 years. I’m passionate about developing opportunities for<br />

young people,” he says. “In 2009 the young Leaders Sierra Leone Network voted me as their youth ambassador. The<br />

event was held at the British Council.”<br />

He is a man who recognises the value of<br />

networks both formal and informal, and stresses<br />

that they have been important to him throughout<br />

his career. He says: “A fair proportion of my<br />

professional and social network are people I met<br />

during my school days.”<br />

It was this that impelled him to create a platform for young people. Africa Young Voices was the result. In May 2011, he<br />

launched the newspaper. The radio station followed hot on its heels in November 2011 and AYV TV was launched in April<br />

2015. AYV also has its own printing press and prints most of the country’s daily newspapers.<br />

He explains his motivation behind the AYV conglomerate as the desire to create a platform for youth voices and for youth<br />

skills’ development. “One of the reasons that so many young people in Sierra Leone resorted to violence and guns during<br />

the civil war was the lack of education and opportunities. The Truth and Reconciliation Commission report recommended<br />

that an adequate voice be given to young people and women. The Government hadn’t been forthcoming in making that<br />

happen. I saw a gap and stepped in.”<br />

AYV is a combination of social enterprise and profit making venture. To set it up Navo took a $1.2 million loan from GT<br />

Bank to be used for the purchase of necessary technical equipment and operating expenses. “GT Bank was the only bank<br />

who had faith in my business idea,” he remembers. He used his house as collateral. His 10-year business plan, saw the<br />

project as a long-term journey, with the first three years focusing on investment and the next three years beginning to<br />

break even. His planning was spot on and he has paid off almost 90% of his loan.<br />

He credits his success to P + P - a lesson he took to heart from a Chinese lecturer. “Preparation and planning,”<br />

he explains. “I started planning two years prior to 2011. I was not in a rush. I did my research, employed technical<br />

consultants, brought in the necessary expertise to get started.” He describes setting up AYV as “a herculean task”, but<br />

adds that “planning and preparation are the key to getting where you want to be”.<br />

7<br />

www.insight.sl

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