Geographical focus

We focus primarily on opportunities in countries where we have local knowledge and expertise.

Sub-Saharan Africa

  • Population: 800 million in 2007 (1.5 billion people by 2050) with a rising working age.
  • One of the fastest growing regions in the world: 6% real GDP growth since 2001.
  • One of the least penetrated areas for investment.
  • Though risks remain, the trend towards increasing economic liberalization and integration into the global economy (particularly China), as well as improving economic and institutional capabilities, provides significant investment opportunities in the region.
  • Telecoms are still less than halfway in terms of eventual mobile penetration rates. The forecast SSA mobile penetration will rise from 18% in 2007 to reach 42% by 2012.
  • Biggest infrastructure need in SSA is currently in transport (roads, railways).


Middle East and North Africa

  • Population of 315 million as of 2008 making MENA the 3rd largest worldwide (2x as large as Japan and more 4x larger than the UK) and 60% of the population is under the age 30.
  • Aggregate GDP of US$1.417tr in 2007, making MENA the world’s 10th largest economic bloc (average economic growth of 5.8% in the five years to 2007 compared with a global average of 3.8% on the same period and experts expect regional growth to out-strip the international average through 2012).
  • Reform-minded governments are liberalizing and opening key industries to private participation.
  • Combination of growth and liberalization creates a range of attractive investment opportunities not available in mature economies.

South Eastern Asia

  • Population of 600 million as of 2008.
  • GDP as of 7% in 2008.
  • Key markets include Indonesia, Malaysia and the Philippines where there’s a huge concentration of young people.
  • Huge opportunities in the transportation and telecoms sectors.
  • Recently, seventeen telecommunication companies have contracted to build a new submarine cable to connect Southeast Asia to the US.

Commonwealth of Independent States

  • The population of the CIS countries is in great expansion reaching an estimated number of 281 million inhabitants in 2008.

  • An extraordinary GDP growth of 30.53% at the year of 2007.

  • An increasing liberalization of the markets and the eventual creation of a common economic space, which offer a great opportunity for increasing investments in the region.

  • In 2007, the CIS telecom market was over US$45 billion and has exhibited an average annual growth of 24%, which make the CIS telecom market one of the fastest growing markets in the world. The market is characterized by a number of remarkable trends such as a swift transition from fixed telephony to mobile telephony, explosion of broadband internet and mobile internet, and the advancement of general telecom services.

  • As for the MENA region, the combination of growth and liberalization creates a range of attractive investment opportunities not available in mature economies.