Imara Group

Equity Group (East Africa and DRC) – First quarter results saw EasyBiz and EasyPay platforms grow transaction value by 79% and 313% respectively.

MTN Group (Pan Africa) – First quarter results saw active mobile money customers grow 26% to 59m. The number of active merchants accepting MTN’s MoMo payments increased 47% to 725,211 and the total value of MoMo merchant payments rose 125% to USD 4.3bn.

Safaricom – Full year results to 31 March 22, MPESA revenues grow 30.3%, with future underpinned by phenomenal stats. MPESA crossed the 30m user mark, Lipa na MPESA customers grew 32%, active merchants grew 63%. Staggering 3.2m businesses in Kenya now accept MPESA payment.

Strong first quarter nos. from core stocks in our portfolio + continued VC investment into African Fintech support our key theses: African consumer remains robust despite global events. Financial Inclusion, forges ahead at high speed. IMARA April report, imara.com

MTN has hired JP Morgan to spin out MoMO, their mobile money division. This is v positive for the booming African e-payment revolution which our Imara Fintech Fund is targeting. dailymaverick.co.za/article/2022-0…

AFRICA'S MEGATRENDS OF FINANCIAL INCLUSION, URBANIZATION & ECONOMIC FORMALIZATION GRIND ON AS DURING THE GFC, THE EU DEBT CRISIS, COVID ETC. AFRICA’S RESOURCES AND MINERALS WILL BE IN GROWING DEMAND AS DEVELOPED COUNTRIES DIVERSIFY THEIR SUPPLY CHAINS. imara.com/data/uploads/p…

Congratulations to the Imara Asset Management team for the strong performance of the Imara Fintech Fund - up +15% in 2021 and YTD is down 1%, compared to the Cathie Wood’s ARK Fintech ETF which was down 18% for 2021 and down 28% YTD in 2022.

Investing in African Listed e-payment companies and supporting financial inclusion has very strong positive environment, social impact. MTN’s shared values leads to material ESG re-rating by FTSE Russell, and FTSE/JSE

Imara is delighted to be supporters of the charity AFRIKICKS - Afrikicks passionately believes in providing the essential basic necessity of shoes to children and young adults in Africa, afrikicks.org

'AFRICA’S FINTECH TRANSFORMATION’ – a fascinating report by CR2 Market Insight ‘MAKES AFRICA ONE OF THE FASTEST GROWING TECH MARKETS IN THE WORLD’

Fawry, one of our high conviction African listed fintech holdings, has received a positive outlook from its local brokers, despite a recent sell off, It is on target to achieve ‘at least 35% revenue growth in 2022e’

A GROWING PIPELINE OF AFRICAN FINTECH SPINOUTS LISTING: 'Vodacom Group may consider a separate listing of its financial services business in South Africa to unlock value, seeking to address a stockmarket discount to the carrier’s sum-of-parts worth.'

More positive news for Africa’s booming e-payment sector: ‘Nigerian bank licence frees MTN from traditional business.’ itweb.co.za/content/rxP3jM…

McKinsey Payments Report - ‘THOSE WITH LIMITED PRESENT-DAY CAPABILITIES ARE PRIME CANDIDATES FOR A “LEAPFROG” EVENT, SIMILAR TO THE RAPID EMERGENCE OF M-PESA AS A PAYMENTS VEHICLE IN SUB SAHARAN AFRICA.’  Imara has launched an equity fund targeting E-payments. DM if interested

Thank you @EnterpriseAfrica for publishing a great review of the @ImaraGroup and our focus and expertise in the African Fintech Sector – ‘LOCAL KNOWLEDGE LEADS IMARA TO BACK AFRICA’S FINTECH REVOLUTION’ imara.com/data/uploads/p…

Great news for two of the countries where Imara has offices – the Financial Action Task Force (FATF) during its plenary session ending 21st October 2021, announced the exit of both MAURITIUS and BOTSWANA from its list of Jurisdictions Under Increased Monitoring.

AFRICAN FINTECH NEWS – E-Payments in Nigeria increased 85% y/y. Cash managed by agents in Kenya increased 45%, while the number of agents in Kenya grew 21% to 305k. In Egypt, remittances grew 13% to $32bn. Remittances, a huge potential market for Fintech to disrupt.

WE BELIEVE THAT AFRICA IS POISED TO SEE SIGNIFICANT PAYMENTS GROWTH. LIKE CHINA AND INDIA BEFORE IT, Africa’s explosive digital payments evolution will be driven by local dynamics that include strong consumer interest in using mobile money and low card and banking penetration.

IMARA ASSET MANAGEMENT - A SPECIALIST IN THE AFRICAN LISTED FINTECH SECTOR has launched a concentrated long only equity fund targeting THE BOOMING AFRICAN FINTECH AND E-PAYMENT REVOLUTION.   IF YOU ARE INTERESTED IN THE AFRICAN FINTECH SECTOR PLEASE DM IMARA

Hedge Fund News Africa interviews Imara Asset Management about the booming African Fintech and E-payment revolution  imara.com/data/uploads/p…