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INTRODUCTION

The Eric Edward Roy Fund (EERF) for Education in Africa is a commemoration of Eric Roy one of the Loita Group Directors.

The fund was established by Eric’s family and business partners at Loita Holdings Corporation Africa. The purpose of the fund is to advance the ideals and visions Eric held for the development of African communities.

Eric firmly believed that education could be used as a tool for the improvement and advancement of African communities through educating African Youth.

Eric's claim to world citizenship began in the early 1960s. Born in Berkeley, California, on November 14, 1961, he moved to Ankara, Turkey, in 1964. For the next 13 years, Eric travelled extensively, residing in Uruguay, Canada, Lebanon and Egypt.

This world experience served to influence Eric's values and his commitment to not only be a good U.S. citizen, but a good global citizen. After completing his degree at Occidental College (Los Angeles, California) in 1983, he joined the Peace Corps, serving in Morocco.

Returning to the U.S. in 1986, he entered Johns Hopkins University School for Advanced International Studies, graduating in 1988. He joined Citibank and in 1989 was posted to Nairobi, Kenya.

In 1992, Eric and several of his Citibank colleagues simultaneously founded their own Banking and Financial Service Company; Loita Capital Partners International Limited and a sister Information Technology firm, Fintech International. Loita Capital Partners seeks to offer competitive financing and financial advisory services to the African Business community. Loita has set up regional offices in South Africa and Kenya and has steadily built a reputation today as a Banking and Investment firm dedicated to serving Africa's financial sector. Loita draws its technical support and expertise from a dedicated and talented staff sitting in offices across Africa.

Eric loved Africa and was deeply committed to helping communities create an environment where future generations could grow and prosper. The Eric Edward Roy Fund was created on April 1, 2000 in Eric's memory. The fund aims at serving young Africans through education in order to help them and their communities attain a bright future.

			MISSION STATEMENT The Eric Edward Roy Fund for Education in Africa will support primary and secondary education in Africa through targeted grants to schools and students. Its objectives will be to : Achieve equitable education on a regional and gender basis. To encourage students to complete their studies at least to a secondary level. To challenge the private sector to support investments in education.



PROPOSED ACTIVITIES AND TARGET COUNTRIES The commencement activities of the EERF will include: The funding of basic educational materials such as school supplies, desks and teaching aids Provision of special facilities such as laboratories, computer centers and small libraries Merit-based scholarships for selected primary and secondary students. As as financial resources increase, so too will the breadth of its activities. The initial target countries will be Malawi and Kenya. The EERF's activities will be extended to other countries of Eastern and Southern Africa and Ghana. For Further Information Please contact ybazian@loita.com The Eric Edward Roy Fund For Education in Africa c/o Loita Capital Partners International 111 Alice Lane, 2nd Floor East Wing Sandton Johannesburg 2196 SOUTH AFRICA or 111 Valley Road, New Rochelle, N.Y. 10804 USA