What are we all about?
$125m investment
12 SDG Banks
$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 SMEs 12 SDG Banks
$125m investment 5 million unbanked $3.8bn in loans To 190,000 SMEs 1.4m jobs 12 SDG Banks
$125m investment 5 million unbanked $3.8bn in loans To 190,000 SMEs 1.4m jobs Investor return $600m. IRR 20%+ 12 SDG Banks
Why Africa?
African GDP growth Source: IMF WEO database, April 2011
African banking assets growth
How big is the opportunity?
$130bn
$30bn
$100bn $30bn
International players difficult to access $25bn
Traditional banks aren’t interested $25bn
What do we do?
Missing Middle
GovernanceManagement Culture
Missing Middle
Who are we?
Private Equity 65+ years Deals closed 59+ Banking operations 97+ years Africa experience 98+ years
$375m investments 41 deals 17 countries
$40m Next 6 months
20%+ IRR
1.4 million jobs