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Overview

Nimai Capital will only invest in the financial services sector. Our team of full time experts, Advisors, Investment committee members and Operating Partners carry extensive financial services experience along with regulatory experience which provide us with a unique competitive advantage.

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Regulatory Experience

Securing regulatory approvals, understanding regulatory requirements and laws of the land, clarity in taxation and preserving strong relationships with regulators can pose an important entry barrier for private equity investors in the financial services industry. We are confident that our strong relationships with various regulators in Africa and our understanding of the regulatory structures surrounding our target investee companies and target market countries provide us with a unique strategic and competitive advantage.

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Deep and Extensive Network of Financial Services Professionals

Nimai’s international network of banking relationships is the founding store of setting up Nimai Capital with Focus on Financial services sector. Team Nimai, since its inception, has done business with multiple Banks in more than 50 countries and the core team members of Team Nimai have traveled more than 125 trips and have spent more than 500 days in its target market countries in last decade. This gives Nimai a competitive advantage of deal sourcing, smooth transaction execution and capability to create value. The team's personal connection with Chairman, CEO’s, Senior Bankers, Regulators, Tax and Legal experts provide and enable proprietary information flow.

Nimai Capital managed Nimai Africa Financial Services fund will focus on investment into growth capital of various financial institutions.

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Value Creation in growth equity & new initiatives

  • Additional capital for new product, market and service expansion

  • Recapitalizations

Professionalization

  • System & processes

  • International standards of Regulatory reporting and governance

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Focus

Team Nimai has always believed in Nuclear Focus. With this connection, Nimai capital decided to focus only on financial services sector in 7 countries for investment under “NIMAI AFRICA FINANCIAL SERVICES FUND”. The Nimai Capital target countries are Kenya, Ethiopia, Ghana, Tanzania, Uganda, , Botswana and Rwanda.

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Kenya

Market

  • Total Population46.1 Mn
    Rural Population35.83 Mn
    Adult Literacy Rate78.73%
    GDP USD74 Bn
    Market Capitalization 17.91 Bn
    Market cap/ GDP24.20%
    Average Currency depreciation over the last 5 years3%
    FX Reserve8 Bn
    Unbanked Population25%
    Internet Penetration83%

Regulations

  • Repatriation –100%  

    FDI ownership-100%

    Capital gains tax – 5%

    Dividend tax- 10%

Data as of 2017-2018

Ethiopia

Market

  • Total Population102.4 Mn
    Rural Population82 Mn
    Adult Literacy Rate39%
    GDP (US$)90.97 Bn
    Market Capitalization (US$)N/A
    Market Cap/ GDP (US$)N/A
    Average Currency depreciation over the last 5 years- 8.08%
    FX Reserve3.4 Bn
    Unbanked Population74%
    Internet Penetration18.6%

Regulations

  • Capital gains tax 15%  

    Dividend Tax- 10%

Data as of 2017-2018

Ghana

Market

  • Total Population27.4 Mn
    Rural Population12.78 Mn
    Adult Literacy Rate79%
    GDP (US$)43 Bn
    Market Capitalization (US$) 13.5 Mn
    Market Cap/ GDP31.3%
    Average Currency depreciation over the last 5 years- 10.82%
    FX Reserve (US$)5 Bn
    Unbanked Population59%
    Internet Penetration35%

Regulations

  • Capital gains tax –15%  

    Dividend tax-8%

     

Data as of 2017-2018

Tanzania

Market

  • Total Population53.5 Mn
    Rural Population37.6 Mn
    Adult Literacy Rate77.89%
    GDP (US$)48 Bn
    Market Capitalization (US$)10 Bn
    Market Cap/ GDP20.8%
    Average Currency depreciation over the last 5 years- 6.14%
    FX Reserve (US$)4 Bn
    Unbanked Population35%
    Internet Penetration13%

Regulations

  • Capital gains tax – 20%

    Dividend Tax- 10%

Data as of 2017-2018

Uganda

Market

  • Total Population41.5 Mn
    Rural Population34.68 Mn
    Adult Literacy Rate79.12%
    GDP (US$)30.78 Bn
    Market Capitalization (US$)12.80 Bn
    Market Cap/GDP41.61%
    Average Currency depreciation over the last 5 years6.41%
    FX Reserve (US$)3.7 Bn
    Unbanked Population60%
    Internet Penetration40.5%

Regulations

  • Capital gains tax – 30%

    Dividend tax - 15%

Data as of 2017-2018

Botswana

Market

  • Total Population2.29 Mn
    Rural Population0.95Mn
    Adult Literacy Rate87.7%
    GDP (US$)18.6 Bn
    Market Capitalization (US$)3.48 Bn
    Market Cap/GDP18.71%
    Average Currency depreciation over the last 5 years- 3.34%
    FX Reserve (US$)6.98 Mn
    Unbanked Population40%
    Internet Penetration39%

Regulations

  • Capital gains tax – 30%

    Dividend tax-15%

Data as of 2017-2018

Rwanda

Market

  • Total Population12.21 Mn
    Rural Population8.37 Mn
    Adult Literacy Rate73.2%
    GDP-(US$)9.14 Bn
    Market Capitalization-(US$)3.5 Bn
    Market Cap/ GDP21%
    Average Currency depreciation over the last 5 years- 6.09%
    FX Reserve (US$)1.02 Bn
    Unbanked Population70%
    Internet Penetration47.8%

Regulations

  • Capital gains tax- 30%  

    Dividends tax- 15%

Data as of 2017-2018

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