Sub Saharan Africa Financial Services Report

114 Pages·2017·3.52 MB·English

by  Arora Shiv

Sub-Saharan Africa (SSA) Listed Financial Services Analysis
Cytonn H1’2017 Banking & Insurance Sector Report
November, 2017
Table of Contents
I. Overview of the Firm
II. Executive Summary
III. Country and Regional review- Banking Sector Overview
a) Kenya
b) Other East African Countries (Tanzania, Uganda, Rwanda)
c) Nigeria
d) Ghana
e) Other Sub-Saharan Africa Countries (Mauritius, Zambia, Namibia)
IV. Summary Cytonn SSA Banking Sector Report
V. SSA Insurance Sector Overview
VI. Regional and Country Review- Insurance Sector
a) Kenya Insurance Sector
b) SSA Insurance Companies Under Coverage
c) SSA Insurance Companies Under Coverage Comprehensive Rankings
VII. Appendix
22
I. Overview of the Firm
33
Our Values
r
Our Mission
o
People
F
We deliver innovative&
Passionate and self-driven peoplewho
differentiated financial
thrive in a teamcontext
d
solutions that speak to
n our clients’needs
Excellence
a
Delivering the best at alltimes
t
S
ClientFocus

Putting clients’ interest first at alltimes
e
W
Entrepreneurship
Using innovation and creativity to deliver
Our Vision
differentiated financial solutions
t
a
To be Africa’s leading
Accountability
h
investment managerby
We take both corporate andpersonal
W consistently exceeding
responsibility for ouractions
clients’expectations
Integrity
Doing the rightthings
44
Strategy is
straightforward –
just pick a general
direction and
implement like hell
— Jack Welch
55
About Us
Cytonn Investments Management Plc is an alternative investment manager with presence in
East Africa, Finland and the US. We provide investors with exposure to the high growth East
Africa region. Our investors include global and local institutional investors, individual high net-
worth investors and the diaspora. We also service retail investors through our Cytonn Co-
operative
FACTFILE
250
82 bn Over Kshs.82 5 Five offices across Over250 10 10investment
billion worth of
2continents staffmembers readyprojects
projects under
mandate
A unique franchise differentiated by:
Independence & InvestorFocus AlternativeInvestments StrongAlignment CommittedPartners
Focused on serving theinterest Specialized focus on Every staff member is an ownerin Strong global and local
of clients, which is best doneon alternative assets -Real thefirm.Whenclientsdowell,the partnerships in financing,land
an independent platform to Estate,PrivateEquity,and firm does well; and when thefirm and developmentaffiliate
minimize conflicts ofinterest StructuredSolutions does well, staff dowell
6 Overview of TheFirm
66
Why We Exist
Africa presents an attractive investment opportunity for investors seeking attractive and
long-term returns. Despite the alternative markets in Africa having high and stable returns,
only a few institutional players serve the market. Cytonn is focused on delivering higher
returns in the alternative markets, while providing the best client service and always protecting
our clients’ interests.
WE SERVE FOUR MAIN CLIENTSSEGMENTS: WE INVEST OUR CLIENT FUNDSIN:
● Retail segment through Cytonn Co-operative membership ● RealEstate
● High Net-worth Individuals through Cytonn Private Wealth ● PrivateEquity
● East Africans in the Diaspora through Cytonn Diaspora ● Fixed Income StructuredSolutions
● Global and Local Institutionalclients ● Equities StructuredSolutions
We invest them We deliverthe
We collectfunds in high growth best possible
from ourclients opportunities returns
7 Overview of TheFirm
77
Our Business
Where We Operate
EUROPE
NORTH
AMERICA
AFRICA
Our Business Lines
Investments RealEstate Diaspora Technology Co-operative
Alternative investment We developinstitutional We connect East We deliverworld-class Provides access to
manager focused on grade real estate Africans in thediaspora financial technology attractive alternative
private equity andreal projects forinvestors to attractiveinvestment solutions investmentopportunities
estate opportunities in the formembers
region
8 Overview of TheFirm
88
Our Solutions
To unearth the attractive opportunity that exists in alternative markets in Africa, we offer
differentiated investment solutions in four main areas:
HIGH YIELDSOLUTIONS REALESTATEINVESTMENTSOLUTIONS
Our expertise in the alternative markets enables us to Our comprehensive real estate capabilities enable us to
offer investors high yielding investments. Our robust find, evaluate, structure and deliver world-class real
credit analysis coupled with our quick dealing estate investment products to our investors in the East
capabilities, our extensive research coverage and our African region. Our capabilities include fundraising,
innovative structuring helps to ensure consistent and market research and acquisition, concept design, project
above market returns toinvestors. management and agency and facilitymanagement.
PRIVATE REGULAR INVESTMENTSOLUTIONS PRIVATE EQUITY
Attractive returns in the alternative segmentshave We seek to unearth value by identifying potential
typically been accessible to institutional andhigh companies and growing them through capital provision,
net-worth investors. Our regular investment solutions partnering with management to drive strategy and
provide access to the alternative investments to institutionalizing their processes. Our areas of focus are
members of the CytonnCo-operative. Financial Services, Education, Renewable Energy and
TechnologySectors.
9 Overview of TheFirm
99
Our Products
We serve three main types of clients namely, high net-worth individuals, institutions and retail,
each with diverse needs. Below are the suitability criteria for the various products.
HIGH NETWORTH
INSTITUTIONALCLIENTS INDIVIDUALS(HNWI) RETAILCLIENTS
Cash ManagementSolutions
Regular InvestmentPlan
● Education InvestmentPlan
● Regular InvestmentSolution
● Co-op Premier InvestmentPlan
● Land InvestmentPlan
Real EstateDevelopment
● Real EstateDevelopments
● Sharpland
10 Overview of TheFirm
1100