Who we are

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Africa Business Development Ltd. (ABD) Dubai, Reg. No. IC20110863, at the Ras Al Khaimah Free Trade Zone Authority, Government of RAS Al Khaimah, United Arab Emirates. ABD will finance socio-economic development in Africa with an innovative and sustainable investment model. ABD will finance private sector initiatives, being the engine of growth in a country, with perpetual bonds at zero interest. The aim is to create jobs and welfare. In Rwanda represented by Rwanda Chamber Foundation, established in Oegstgeest, the Netherlands, Chamber of Commerce No. 27371119, hereinafter referred to as RCF

ABD works closely together with Erasmus Investment International S.A.(EII) and has access to a trading system that is used worldwide to finance large-scale projects with a humanitarian character. The so called Buy-Sell Programs (BSP) generates cash by specialized, discreetly operated Trading Programs, exclusively for banks. More details in the Investors Prospectus.

Africa Business Development Ltd.

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Mission: “To create business expansion and development of commercial, humanitarian, charitable and non-profit (public interest) projects. Furthermore to fund viable and sustainable projects that promote socio-economic growth and long term employment, or that otherwise provide aid to the society or improve quality of life.” Vision: “The development of sustainable energy production and distribution, innovative and affordable community housing and agricultural & livestock projects to ensure food security and regular incomes in order to make a substantial positive difference for countries in Africa”.

Project Rwanda to be realized with the local SPV called Green Business Hub Rwanda Ltd.

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Partner of Erasmus I.I.

We finance projects with a Joint Venture: Trader Company – Investor – ABD, under the conditions of a Buy-Sell Program. We call this Joint Venture the Financing Platform

Africa Business Development

• ABD has access to Investment Capital. • Creating fixed assets & sustainable(new) private

business • ABD as majority shareholder • Long term employment • Educational programs. • No Exit strategy

Why investing in Rwanda? • The business climate after 1994 completely changed:

low corruption, safe, clean • Vision 2020 after the Genocide matched with the EII

requirements • Good Business Climate and legal structure • Serious National Ambition • International Focus • EDPRS II (Rwanda planning 2013 – 2018)

How we work: “Rules of engagement” (1)

GoR and the local private sector deliver feasible and do-able projects within the requirements of ABD, sustainable and strengthening the private sector, making a difference for the country. If it is a good case within all requirements, the Financing Platform will finance this project through ABD. ABD does not subscribe on tenders. ABD will be and stay a majority shareholder in all entities created for the investment program. Minimum shareholding position will 2/3 of total issued shares, staying in control of the assets. Max. 1 / 3 is open for co-investors. Later we might change this into a lower percentage for ABD / GBHR

How we work: “Rules of engagement” (2)

ABD will not pre-finance research, formulating / calculating business cases and investigations. That is up to the potential foreign co-investors, Rwandan private parties, and international suppliers.

After a positive decision from the financing platform, parties might get part of their pre- investment back or they will get shares for it with a good leverage

ABD invested money from the financing platform stays in the country (no exit strategy ; it is a perpetual bond at zero interest) and most of the profit and all sold shares and assets will be re-invested.

ABD only invest if private sector parties involved in the projects, being able to take over management and expand the activities in the future. These parties should gather the right competences together being able to manage large operations. We will facilitate knowledge transfer and coaching.

Investment in the local private sector

The business case must be positive because without profit no company will grow. Dividend is needed for growing the company and for minority shareholders. GBHR dividend must cover costs, and finance the non-profit side program (infrastructure, housing, schools, education, healthcare). Co-investors / minority shareholders, may des-invest on agreed terms and can sell their shares.

For Rwanda we selected 3 domains of high priority:

1. Agro-Food and Live-stock: contribution to the food security and the export power of the country. Irrigation and cultivation of land.

Added value in PHHS, packaging and distribution. Supply Chain optimization is a key-item including, higher yields, better seeds, fertilizers, mechanization, training.

Factories for the processing of agri-products 2. Low cost and affordable Dwelling Units and other buildings in sustainable,

green pilot neighborhoods, and in addition in tier-2 cities

3. Production of sustainable Energy for the projects and delivery to the National Grid

Investment program

Structure for operation

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In Rwanda ABD will work with a new legal entity: Green Business Hub Rwanda Holding (GBHR). Under this Holding we create 3 Divisions for the 3 clusters of activities. Per Division we create operational companies / Ltd’s . In total about 50.

Principles of structure

For the operational companies: Option 1: -GBHR might create a new legal local entity (Ltd.) per project or group of related activities

-local private parties and foreign investors can get or may buy max. 33% of the shares. They will receive a leverage in the number of shares, up to a factor of 10, depending the moment they step in. -They can increase the number of shares by getting dividend (partly) in shares or as a bonus.

-Local Rwandan management will be responsible for the company. -GBHR holds the majority of the shares to control the assets, monitor strategic decissions, secure that part of the profit will be re-invested again in the company.

Option 2: -GBHR acquires 67% - 100% shares of a local company. -The owner(s) / management team will cash or keep shares and shall take the responsibility for the company at a salary and a bonus construction. -After acquiring the shares by GBHR, GBHR will start investing in equity of the company

Dividend Net profit is available for dividend -From the dividend, 20% - 25% shall go to the reserves of the company for growth. -The minority shareholders get their dividend. -The remaining part goes to GBHR to:

-pay dividend to the co-investors at that level -cover administration / overhead costs -finance the non-profit side program in Rwanda -re-invest in other projects in Rwanda

Area Development & Construction

a. Dwelling Units & non-residential

b. Infrastructure & utilities

c. Factories related to construction industry

d. Other buildings for factories & installations

e. Mini-Grid

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Agriculture & Livestock

a. Staple crops incl. irrigation , PHHS, and Horticulture

b. Factories food processing, enabling factories and Slaughtering & meat processing

c. Poultry Industry, Pork Industry

d. Fish Farming & Fish feed factory

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Sustainable energy & water-management

• Biomass to electric Power and biogas

• Solar PV energy

• Hydro Power

• Option: Methane to Power

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• Logistics & construction equipment &

mechanization & workshops in a logistic(s) center

• Education and (vocational) training

Logistics & education

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Project locations (blue=energy, red=housing, green=agriculture

Value of the Investment program 1. Low cost & Affordable housing, other buildings,

Infrastructure: $ 845 M (plus $ 200 M for 2, 3, 4)

2. Food security: $ 530 M

3. Sustainable energy: $ 300 M (incl. options: $ 500 M)

4. Enabling: $ 100 M (logistics, training)

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Options to be decided in the FEED phase: US$ 250 Million Total value incl. realization about $ 2.2 billion

Options under discussion

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1. Methane to power. Hydragas and Hatch consortium. $ 180 M Power transition line Gisenyi – Kigali. $ 25 M. Postponed to second tranche.

2. Upgrade road in PPP: connection RN3 – RN15 Ngoma / Bugesera in PPP incl. bridge over Nyabarongo river. Est. $40 M

3. Clearing CFS (Container Freight Services), bonded warehouses Mombassa

and Dar-es-Salaam and logistic center. PPP with GOR is an option. 5. Factory for bio-plastics $ 30 M, Factory for bio-fuel (Palm oil)

6. Smaller cases: Starch, Water-Hyacinth to biogas $ 10 M, canning,

ceramics, cables

Timeline • Business plan development completed in January

2015 • Preparing EPC contractor(s), March – June

• EPC Consortium contract in June / July • Planning: start 2015 depending financing

• Completion 2020

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