innairobi wrote:Tier 1 capital in Nigeria alone is more than a billion dorras if I'm not mistaken. Watatoboa kweli to go into all those countries in 5 years with their current budget?
Nigeria isn't for 2015 but when Equity is larger. It is better of starting with Ghana.
And it doesn't have to go in all alone but join up with Helios.
Look at I&M Bank which owns 50-75%of its subsidiaries but is in partnership in Tanzania, Mauritius and Rwanda. They have a partner in CIEL from Mauritius which has interests and experience in Tanzania. In Rwanda, 20% of I&M Rwanda (formerly BCR) is owned by Gov't of RW.
So Equity can own 51% but also partner with 1) Helios 2) A local bank or existing shareholders 3) A European/American/Chinese 'strategic' investor or fund
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett