Business Chief USA February 2019

BANRO CORPORATION
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and allow the company to look a little deeper
at the financial and technical deficiencies
that also played a key role in the bankruptcy.
Richards says that now the company has
identified what it’s going to take to rehabilitate
the company, the task is now to execute on
the various technical and operational challenges
the company needs to make it competitive
again. “I think the victories we’ve had over the
last year addressed those challenges and
now we have given ourselves the platform to
be successful. We’ve identified the pathway
to success,” he says. “Now it’s time to act and
find the capital to move forward and start the
next stage of this journey.”
The next stage is the size and scale of the
opportunity Banro has at its disposal through
its large land package. The long-term
plan is to grow the company beyond
its two operating mines and key to
unlocking this is through attracting
investors. With all that Banro has
gone through, the level of risk
associated with investing in the
company is understandably
high, but Richards believes
that the successes it has
achieved to date have
already begun to change
that conversation. “It says
FEBRUARY 2019