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Investing in Key Industries in the region. UK-Djibouti Trade & Investment Forum 2013 Abdi Abdullahi - Dahabshiil Regional Managing Director - Europe 08 May 2013. Overview. Opportunities in the region Dahabshiil Group Dahabshiil Bank International (DBI) Business strategy & expansion
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Investing in Key Industries in the region UK-Djibouti Trade & Investment Forum 2013 Abdi Abdullahi - Dahabshiil Regional 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: • sea resources in terms of the fishing industry • tourism industry - hostelling industry and related services. • agriculture - cultivation and animal resources. • infrastructure building • aviation and airline industries • The transportation industry • Many more
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: • International remittances and Foreign exchange services • Dahabshil Bank International, Djibouti • Mobile telecoms • Mobile Payments services (soon)
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 region • the potential business communities and the region • the International aid agencies and the region • foreign governments and the region • Assist and finance individuals, corporates, government and public institutions in the region
DBI - Banking Services • DBI will provide financial services in terms of: • Financing of viable business projects • Financial advisory services • 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)