$125m investment
$125m investment 12
$125m investment 12
$125m investment 12
$125m investment 12
$125m investment $600m Investor return 20% + IRR 12
Africa's profitability is one of the best kept secrets in today's world economy. Kofi Annan, former UN Secretary-General
African GDP growth Source: IMF WEO database, April 2011
African banking assets growth
Traditional Bank $1m+
$100 Traditional Bank
$1m+ $20,000 $100 Traditional Bank
$20,000
2 years
18 months $20,000
30% growth 18 months
$130bn
$100bn $30bn
International players difficult to access $25bn
Traditional Banks aren’t interested $25bn
Traditional Bank
T-bills 12% International Bank
T-bills 12% Traditional Bank Corporates 15%
T-bills 12% Traditional Bank Corporates 15% High net worth 15%
T-bills 12% Traditional Bank Corporates 15% High net worth 15%
T-bills 12%
T-bills 12% Corporates 15%
T-bills 12% Corporates 15% High net worth 15%
Bonds 12% Multinationals 15% Local corps. 15% SMEs 20%
Bonds 12% Multinationals 15% Local corps. 15% SMEs 20% Unbanked
Bonds 12% Multinationals 15% Local corps. 15% SMEs 20% Housing finance Unbanked
Traditional Bank
Credit history Collateral
Traditional Bank Credit history Collateral
Traditional Bank Credit history Collateral
Cash flow Character Traditional Bank Credit history Collateral
Local and international partners Cash flow Character
Cash flow Character Local and international partners
Financial literacy Operational improvement Governance & mentoring Retention & rewards Cash flow Character Local and international partners
FINA BANK
FINA BANK 20 Loan officers
FINA BANK 2,000 SME’s 20 Loan officers
6,000 SME’s FINA BANK 20 Loan officers
6,000 SME’s FINA BANK 20 Loan officers 95% repayment
6,000 SME’s FINA BANK 20 Loan officers 95% repayment 30% Per annum growth
$125m investment
12 SDG Banks
$125m investment 5 million unbanked 12 SDG Banks
$125m investment 5 million unbanked $3.8bn in loans 12 SDG Banks
$125m investment 5 million unbanked $3.8bn in loans To 190,000 SME’s 12 SDG Banks
$125m investment 5 million unbanked $3.8bn in loans To 190,000 SME’s 1.4m jobs 12 SDG Banks
$125m investment 5 million unbanked $3.8bn in loans To 190,000 SME’s 1.4m jobs Investor return $600m. IRR 20%+ 12 SDG Banks
Do we have the people?
Private Equity 65+ years
Private Equity 65+ years Deals closed 59+
Private Equity 65+ years Deals closed 59+ Banking operations 97+ years
Private Equity 65+ years Deals closed 59+ Banking operations 97+ years Africa experience 98+ years
Do we have the opportunities?
$375m investments
$375m investments 41 deals
$375m investments 41 deals 17 countries
$40m
Next 6 months
Ghana
22 26 Ghana
$265m assets Ghana
300 New loan officers Ghana
$150m 300 New loan officers Ghana
300 New loan officers $850m Loan portfolio Ghana
300 New loan officers 215,000 new jobs Ghana $850m Loan portfolio
300 New loan officers 215,000 new jobs $3m profit Ghana
$40m New loan officers 215,000 new jobs Ghana $850m Loan portfolio
$100bn
20% IRR
1.4 million jobs