Investing in Key Industries in the region UK-Djibouti Trade & Investment Forum 2013 Abdi Abdullahi -...

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Investing in Key Industries in the region

UK-Djibouti Trade & Investment Forum 2013Abdi Abdullahi - DahabshiilRegional Managing Director - Europe

08 May 2013

Overview

• Opportunities in the region• Dahabshiil Group• Dahabshiil Bank International (DBI)• Business strategy & expansion• Partnership with DBI

Opportunities in the region

• The resources and potential in the region are many and they include:

A. sea resources in terms of the fishing industry

B. tourism industry - hostelling industry and related services.

C. agriculture - cultivation and animal resources.

D. infrastructure building

E. aviation and airline industries

F. The transportation industry

G. Many more

Solar-powered mini-fridges (source: inhabitat.com)

Dahabshiil Group

• Dahabshiil was founded with a modest capital base by Mr Mohamed S Duale (now Chairman of Dahabshiil Group) in 1970 in Burao.

• Today, it is a diversified group with global presence in 150 countries, which includes:

I. International remittances and Foreign exchange servicesII. Dahabshil Bank International, DjiboutiIII. Mobile telecomsIV. Mobile Payments services (soon)

Dahabshil Bank -Djibouti

Why in Djibouti?

The country offers strategic location and allows access via sea and transshipment opportunities for many landlocked countries in the region

• The country is expected to service a regional population of some 300 million people including countries such as South Sudan, Uganda, Somali region, Ethiopia and other African countries.

• DBI is well positioned to play a mature role in the financial servicing of the region

DBI Strategic Plan

Expansion into the Somali Region i.e Converting PvT Branches in the Somali Region into DBI Branches offering Islamic banking facilities.

Expansion into the East Africa Region (MG,HR,BS)

Africa is regarded as the next frontier for the capitalist world DBI is prepared to intermediate between:the international banking and the regionthe potential business communities and the regionthe International aid agencies and the regionforeign governments and the region

Assist and finance individuals, corporates, government and public institutions in the region

DBI- Under Construction in Mogadishu

DBI Bank-Bosaaso

Almost Complete in Hargeisa

DBI - Banking Services

• DBI will provide financial services in terms of:

i. Financing of viable business projects

ii. Financial advisory services

iii. Personal and corporate banking

Partnership with DBI

• Successful track record in dealing with challenges

• Intensive knowledge of investment risks • Strong commitment to regional development• Excellent relations with local communities• Solid human and physical infrastructure• Known for its CSR (Nominated for Socially Responsible Bank

of the year at the African Bankers Award 2013)

Dahabshiil Group