Conference on Entrepreneurship in Africa (UK 2011): iNVESTORS IN AFRICA presentation

1. INVESTMENT OPPORTUNITIES IN AFRICA By Patrick Domingos Tembwa Director 09/07/2011

2. Outline 09/07/2011

3. Shift in Perceptions of the African Continent: From “The Hopeless Continent” (The Economist, Cover Story-May 2000) From “Hopeless” to “Frontier” Continent 09/07/2011

4. …To “Uncaging The Lions” (The Economist, Schumpeter Editorial- June 2010) From “Hopeless” to “Frontier” Continent 09/07/2011

5. Brighter Growth Prospects: From “Hopeless” to “Frontier” Continent 09/07/2011

6. Africa based companies offer: From “Hopeless” to “Frontier “Continent 09/07/2011

8. Challenging business environment

9. High levels of risk

10. Small consumer marketsBut Africa is NOT Hong Kong yet 09/07/2011

11. Who is investing ? Investment Opportunities in Africa 09/07/2011

12. Where to invest ? Compelling investments Extractive Industry Infrastructure: road, energy, water, telecom Agribusiness Long Term Investments Consumer Markets Financial Services Manufacturing Investment Opportunities in Africa 09/07/2011

13. Introducing Our clients: Private Equity Funds Individual Investors Debt Focused Institutions Their objectives: Tap into a new market Aware of Africa’s potential Want to limit risks 09/07/2011

14. Introducing Our approach: Sub-Saharan Africa Focus Project Driven Support Both Investor(s) and fund recipient(s) Our current focus: Telecom (West Africa) Infrastructure (East Africa) Mining (Central Africa) 09/07/2011

15. Our findings: Investment Trends: Appetite For Traditional Sectors Preferred Focus on some markets : KENS + Ghana Support Both Investor(s) and Fund recipient(s) Market Knowledge: Africa Viewed As ASingle Bloc No Reliable Data Available 09/07/2011

16. Opportunities do Exist !!! Financial Rewards Potentially Huge “Be …The First Kid On the Block!!” In conclusion: 09/07/2011