persianas _dubaishow_210408_bb

Persianas Development Company Limited

A Unique Investment Opportunity

© Chapel Hill 2008. All Rights Reserved. Strictly Confidential

2

Executive Summary

Introduction and Background

Country Overview Nigeria – Economic Snapshot

The Investment Opportunity

Value Proposition

The Sponsor

Conclusion

Presentation Outline


3

Executive Summary


4

Economic reform and increasing foreign direct investment across West Africa is yielding positive results and has led to a real estate boom across the region.

Economic growth, the improving investment environment and a growing middle class across West Africa has made expansion into the region exciting and rewarding.

There exists a significant gap between supply and demand in the real estate market and there is an opportunity to take advantage of under-valued and under-managed assets.

Tayo Amusan (“TA”) is a leading Nigerian property developer with a portfolio including the Palms Mall, the largest shopping mall in West Africa, luxury residential developments and a land bank in Nigeria.

TA has formed Persianas Development Company Limited (“PDC”) with the objective of becoming the leading property development and investment company in West Africa.

In order for PDC to attain this leadership position, it needs to broaden its portfolio of developments and also explore real estate opportunities across the region.

PDC believes it can create tremendous value capitalizing on this opportunity by developing a predominantly Nigerian but region wide coverage through expansion across West Africa.

Chapel Hill Advisory Partners, a leading Nigerian investment bank, is working with PDC and its bankers, First City Monument Bank Plc (“FCMB”) to achieve its expansion objectives.

Executive Summary


5



6

With an estimated population of 250 million, the demand for real estate is far in excess of the supply in West the Nigerian market.

While there have been significant investments in real estate, there is still a significant shortfall occasioned by the improved macro-economic environment and rapid GDP growth driven by commodity prices.

It is anticipated that the supply/demand gap across all real estate classes from retail, commercial, residential, hospitality and industrial will persist for the foreseeable future.

Liquidity across the region’s capital markets has improved providing solid investment exit opportunities, through IPOs, secondary offerings, strategic or trade sales and REITs.

The rapid recapitalization of the region’s financial institutions especially in Nigeria has led to improved access to local and foreign currency debt capital.

Attractive yields with landlords typically collecting rents 2-5 years upfront, denominated in US dollars and vacancies for prime properties are typically less than 1%.

Accordingly, Persianas Development Company aims to position itself to take advantage of the immense opportunities that exist in real estate across West Africa.



7

Country Overview


8

The West African Region comprises of 16 countries with a total population of circa 250 million with over 140 million people in Nigeria.

The region has witnessed an upsurge in foreign investments

and is growing steadily due to increased political stability, robust output growth and general confidence in the region.

Nigeria is the largest economy in West Africa, contributing over 70% of the total GDP of the region.

Nigeria is the twelfth largest oil producing country in the world and has the third largest natural gas reserves in the world, with GDP estimated at US$165 billion and per capita income of US$1,180.

Although historically growth was driven by oil and gas, in recent years it has become increasingly more diversified with strong growth in agriculture, real estate and other non-oil sectors.

Sound economic management has created strong and stable growth, partly supported by high energy prices and the diversifying economy, albeit relatively slowly.

Increased confidence in Nigeria and its business environment evidenced by significant investment by local and foreign investors and sovereign risk ratings by Fitch and S&P.

Sound economic management has created strong and stable growth, partly supported by high oil price

Democracy has become entrenched and civil society strengthened

Population is benefiting with higher disposable income

Country Overview

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GDP (US$Bn) 165

GDP per capita (US$) 1,180

GDP growth rate(%) 6.2

Inflation (%) 7

Official Exchange Rate (=N=/$) 116

Oil Price ($pb) (Average) 90

Total External Reserves ($Bn) 52

Total External Debt ($Bn) 3.1

Population (million) 140

Source: Agusto report, Chapel Hill Research

34.6

13.4

12.3

11.8

10.5

Banking & FinancialServices

Transport &communications

Wholesale and retailtrade

Building &construction

Real estate & businessservices

Sector growth rates far exceeding GDP growth

Real GDP growth6.2%

Nigeria – Economic Snapshot


10

10

Real GDP growth stimulated by growth in non-oil sector

3.54.2 4.3

9.3

8.0

3.4

7.48.6

7.0 6.5 6.5 6.6

2004 2005 2006 2007 2008F 2009F

Oil sector Non-oil sector

201 204 224253

318

375403

2003 2004 2005E 2006 2007 2008F 2009F

Source: IMF, EMC, Global Insight

CAGR (06–09) = 16.6% Consumption estimated to grow at least 5% yearly in real terms

Population of 140 million growing at an estimated 3%

Unemployment on a downward trend

Incidence of poverty declining

Private consumption is a key growth driver in Nigeria

Growth in the Nigerian Economy is increasingly being driven by the non-oil sector

Non-oil GDP / capita (USD)


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Lagos

PortHarcourt

Abuja

NW

FCTSW

NENC

SS

SE

US$413

9%

US$1,715

34%

US$1,514

26%

US$688

5%US$77

06%

US$581

8%

Us$594

9%

US$1,990

2%

Per Capita IncomeInternally Generated Revenue

Kano

Geographic wealth distribution

Wealth is geographically concentrated in selected regions


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-10

-5

0

5

10

15

20

25

2001 2002 2003 2004 2005

GDPgrowth

Total

Oil

Non-oil

Agriculture OilNon-oil industry Building & constructionWholesale & retail trade Services

41%

15%

14%

2%4%24%*

* In current prices, oil sector accounts for 39% of GDP

Fore

cast

GDPgrowth

%

Inflation%

Real GDPgrowth rate

Inflation

Economic growth& inflation

0

2

4

6

8

10

12

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

10

20

30

40

50

60

70

80

Fore

cast

₦/US$Naira/US dollarexchange rate

0

20

40

60

80

100

120

140

160

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Robust growth and stable inflation


13

040008000

12000160002000024000280003200036000400004400048000

2000 2001 2002 2003 2004 2005 2006 2007 2008

Mobile phonesubscribers

US$

0

200

400

600

800

1,000

Forecast

GDP per capita

Increasing personal income


14

Rapid growth in middle income population

Wealthy

Mass Affluent

Mass Market

2004:3,728,000

2010:5,897,000

Affluent

HNIsHIPsTradersMIPs

Survivors

LIPs

Population (‘000)2004 2010F

5 1189

1,33080053

770403

2,525

9,761

4,897

15,276

Bankable pop.

Working pop.

Total pop.

13,547

48,000

128,000

21,248

66,827147,300

HNIs (High Net Worth Individuals)HIPs (High Income Professionals)TradersMIPs (Middle Income Professionals)LIPs (Low Income Professionals)Survivors

Av. income₦’000

35,0008,0006,0002,500

800<100

US$’000275634720

6<1


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The Opportunity


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The Nigerian real estate sector accounts for 4-5% of the country's total gross domestic product (GDP), and represents nearly 70% of the national capital base.

Real estate is very capital intensive and the non-existence of financing options within West Africa has hindered development in the region.

Real estate in Nigeria is thriving with shortage of residential and commercial developments in major cities.

A dearth of accommodation, high cost of land, government policy regarding ownership of land, transfer costs, high cost of building materials, non-existence of mortgage facilities are all issues that affect the real estate sector in Nigeria and across West Africa.

The demand for retail and commercial property across the region has increased tremendously as a result of an upsurge in investment and commercial activities, tourism and an emerging middle class.

The region is estimated to grow at 5-8% over the next 10 years and various governments are implementing initiatives to develop an active mortgage market to aid the real estate industry.

Huge imbalance between supply and demand for real estate

upfront rent typically 2-5 years

Minimal vacancy loss on premium properties- 0-5%

Average 35% annual rental rate increase for premium properties

Rents for prime office space in Lagos have increased by more 750% since 2003

Real estate


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Lagos is the most populous city in all of Africa with an estimated population of 16 million growing at 4.45% pa.

The city is also the commercial capital of Nigeria, with the largest concentration of economic activity (70%) and industries.

Majority of Nigeria’s largest financial institution, multinationals and corporate organizations have their headquarters in Lagos

Several of the oil majors have shifted portions of their operations from the turbulent Niger Delta to the relative safety of Lagos

There is a large and growing middle/working class; and increasing activity from inward investment and financial institutions.

Population growth in Lagos continues to drive residential and commercial re-location.

Rents in Victoria Island, Ikoyi and Lekki, generally have risen significantly more than inflation historically

Scarcity of prime land has created huge pressures on commercial and residential accommodation

Demographics

Strong market fundamentals

Positive factors reflected in the Lagos real estate market


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Lagos is characterized by an acute lack of premium land with clean title, and a lack of green-field land with major road infrastructure.

The rapid expansion of metropolitan Lagos, both in size and population has outstripped the development of infrastructure facilities. Scarcity of prime land, and the supply-demand imbalance has created huge pressures on commercial and residential accommodation.

As a result, there has been continuing appreciation in the prices of properties in the city over the years. There is a limited number of high quality buildings and options for multi national organizations.

Rents are usually paid in cash two to five years in advance.

Land

Suppliers Market

Positive factors reflected in the Lagos real estate market


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Name South Atlantic Towers

Ark Towers Churchgate Towers

Africa Re House Octagon Towers

Location Victoria Island Victoria Island Victoria Island Victoria Island Victoria Island

Address 7 Adeola Odeku17 Ligali Ayorinde

Plot 30 Afribank Street

1679 Karimu Kotun

13a A.J. Marinho Drive

Year Built 2005 2001 1999 1999 1997No. of Floors 13 12 10 13 12Floor Size (sqm) 1180 460 1000 900 1100Rent ($/sqm) 550 380 375 350 350Service Charge ($/sqm) 200 125 150 175 140Vacancy <1% <1% <1% <1% <1%

CommentsMixed use development

Located within 500 meters of Landmark

Owned by a major Indian trading family

Located in commercial part of VI

Residential VI. Includes Helipad

Tenants

Huawei, Netcom, Petrobras, China National Oil Cpy, Air France

Virgin Atlantic, Shell, Standard Chartered, Pan Ocean Oil

MTN, KLM, Pfizer, Alitalia, IBTC, Churchgate

Landmark, IBM, Petrobras, Motorola

SAP, HP, Microsoft, Exxon Mobil, Nexen

Own Electricity & Water Supply? Yes Yes Yes Yes Yes

Grade A office locations in Lagos


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Name South Atlantic Towers

IBTC Apartments Niger Towers Admiralty Towers

Ocean Parade

Location Victoria Island Victoria Island Ikoyi Ikoyi Ikoyi

Address 7 Adeola OdekuWalter Carrington Crescent Glover Road Gerrard Road Banana Island

No. of Floors 11 13 10 11 11Rent ($/year) 75,000 90,000 72,000 75,000 85,000 Sale Price (US $) N/ A 800,000 N/ A 750,000 750,000 Vacancy None None None None NoneRetail Units Yes None None None None

ManagementSAPETRO Holdings IBTC In-house UAC Plc In-house In-house

Adequate Parking None No Yes Moderate YesOwn Electricity & water Supply? Yes Yes Yes Yes YesSwimming Pool No Yes Yes Yes NoGames No No No No YesTennis/ Squash No Yes Yes Yes YesFunction Room No Yes No Yes NoSecurity Yes Yes Yes Yes Yes

Luxury apartments in Lagos


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Persianas Development Company Limited (“PDC”), is a property development holding company registered in Mauritius and Nigeria. PDC will execute a pipeline of real estate development projects in the commercial, retail, office and luxury residential markets across West Africa. PDC will be focused on quality real estate to cater to the growing demand in West Africa, with a strong focus on the Nigerian real estate market. The principal sponsor of PDC is Tayo Amusan (“TA”), who is arguably the most visionary developer in West Africa and the developer of the largest retail mall in West Africa, the Palms Shopping Mall. TA is targeting lifestyle and destination properties, with a view to defining this

category of the real estate market. TA is bringing assets including the Palm Courts I & II, the Palms Mall and other assets including land into PDC in exchange for which he will receive equity in PDC. TA is also bringing into PDC, a project pipeline of circa US$1 billion. TA will reverse all of his assets into PDC,

which will be the vehicle used to develop all of his projects going forward. This is to ensure that he is fully committed to the business and has no potential or conflict of interest PDC is committed to improving the environment through

the development and operation of world class retail, commercial, entertainment and hospitality centres across West Africa.

Huge imbalance in supply and demand for real estate

Upfront rent typically 2-5 years

Minimal vacancy loss on premium properties- 0-5%

Average 35% annual rental rate increase for premium properties

Relocation of oil workers from Port Harcourt to Lagos

Persianas Development Company Limited


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Persianas Palm Courts is a residential luxury apartment estate developed over 20 years ago located in Victoria Island comprising of 2 blocks of 24 apartments and 3 penthouses.

It provides functional and luxurious accommodation to the expatriate staff of Ericsson, Exxon Mobil and the German Embassy.

The Palm Courts generates annual rental income in excess of USD 1.5 million.

The property is valued at circa USD 25 million.

TA, arguably the most visionary developer in W/Africa


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Joint venture project between TA and Actis. The mall comprises a double storey centre with a total built area of circa. 24,134sqm and 18,846sqm lettable space.

The mall is fully let and generates over USD$ 6.5 million in rental revenues annually. Yields expected to rise to 15% in 2009.

The Palms Mall project was completed at approximately US$50 million and was voted the African Finance Project Deal of the Year 2004 by the Financial Times.

Biggest Shopping Mall in W/Africa

Highest rents achieved per sqm

African Finance Project Deal 2005

The Palms Shopping Mall


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The Palms has attracted high quality anchor tenants including some of Africa’s leading retail names.

Anchors have signed 10 year leases and also provide a turnover upside.

Daily footfall in excess of 20,000 people with more than 700 tenants wait listed for vacant space.

High quality anchor tenants

Premier shopping destination in Lagos

The Palms Shopping Mall


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Project Pipeline


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PDC is currently exploring other identified strategic opportunities in the retail, luxury residential, office, hospitality and light industrial property markets.

• The Palms Phase II project - an integrated mixed use development to be situated next to the existing palms mall

• Developments of similar mixed-use projects in Ikeja and Festac in Lagos, Enugu, Kano, Ibadan, Abuja and across the country.

• Joint ventures and strategic alliances with land or real estate asset rich multinationals, state governments and government agencies.

• Seme Border ogistics terminal• Lafarge property portfolio• Warri Mall and• Sagamu Mall

Project Pipeline


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Palms Phase II

The Palms phase II project will consist of 3 visually attractive towers. It is located adjacent to the Palms Mall in Lekki and is a nearly 2 million square feet development.

The land is conservatively valued at just over USD 20 million and initial project economics indicate a project completion at around USD 550 million.

The concept drawings have been completed and the project is in the planning approvals stage. Ground breaking on the project will be in Q4 2008.

The project would be completed in two phases; the retail mall will be completed in December 2010 with apartments in June 2011 and the offices should be completed within 36-40 months.

The project upon completion is estimated to generate an annual rental income in excess of USD 55 million.

Palms Phase II


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42,429sqm of retail space on two levels with race track configuration

26,000sqm of lettable space with large food court on the mezzanine level

Shop sizes ranging from 35sqm to 8,000 sqm

Retail

Six levels of covered parking

Providing secured and covered space for 2,200 cars

39,376 sqm of Class A office space on two towers; Tallest wing reaching 35 floors

28,000 sqm of lettable area

Flexible and adaptable design, allowing single or multiple client configurations.

Palms Phase II – Project Details

Office

Parkade


30

5134sqm of multi level health club located on the 20th floor height, with 360 degree view.

One view facing the Lagos lagoon and the other view is of the Atlantic ocean.

Comprises of squash and basket ball courts and all the modern amenities associated with a world-class health club.

Integrated property management with 24 hours power back-up, water treatment plant, sewage processing unit, Security with access control with CCTV monitoring, directed access and infrastructure support.

83 luxury residential apartments in one block comprising of 1 to 3-bedroom apartments and penthouses.


Health club

Residential

Services

Pre-lets & Potential tenants

PDC is in advanced negotiations with multinational tenants for leases covering 50% of the commercial space in the palms phase II development

Existing retail anchor tenants have given in principle commitments to taking up to 30% of the retail space

Line shop owners in the Palms Mall along with up to another 700 retailers are wait-listed for more space

The wait-list for shops at the Palms Mall could swell further if the government of Nigeria were to lift the ban on textile importation.


Palms Phase II – Concept Design


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The Enugu Mall is a joint venture project between TA and the Enugu State Government.

The project is a mixed use development of which a retail mall will be the first phase.

The project will be developed on the site of the Enugu Polo Park on prime land measuring in excess of 80,000 sqm. The first phase total developed area of 16,000 sqm will have a lettable retail space of 12,000 sqm.

Initial economic projections estimate that the project will be completed at around USD 40 million.

The project is expected to commence in Q1, 2009.

The project upon conclusion will generate estimated USD 5 million annual rental and other income.

Concept Drawing for Enugu

Enugu Palms Mall


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Enugu Palms Mall- Concept Design


35

The Festac Mall is a joint venture project between TA and UPDC and will be located adjoining the Festac 77 hotel.

The Festac 77 hotel has been re-developed into a new Novotel hotel by UPDC.

The Festac Mall will be developed on land measuring circa 24,000 sqm.

The total developed area of 20,000 sqm will have a lettable retail space of 16,000 sqm.

Initial Projections show that the mall should be completed at around USD 50 million.

The project is expected to commence in Q2, 2009.

The project is estimated to generate annual rental and other income of circa USD 6.5 million.

Festac Palms Mall


36

Ikeja Mall Ibadan Mall

Concept drawings of other Malls planned


37

Proposed Kano mixed-use developmentProposed Seme Logistics Terminal

Concept drawings of other Projects planned


38

The Further Pipeline - Other Opportunities


39

TA has several other initiatives and projects in the pipeline worth in excess of USD 2 billion. These include;

The Lafarge Nigeria Property Portfolio TA is the preferred development partner in the tender process to be the

developer partner on the restructuring and regeneration of the existing real estate portfolio of Lafarge which is worth over USD 100 million.

Nigerian Army Joint Venture TA is in discussions with the Nigerian Army in respect of a joint venture to

manage and rehabilitate its existing real estate portfolio. It is estimated that this could require investments in excess of USD 1 billion.

Seme Border Logistics Terminal TA is in the advanced stages of negotiations with the Nigerian Customs in

respect of a development partnership to develop a mixed used border complex and logistics terminal. The project is estimated to cost USD 80 million.

Regional Opportunities in West Africa including Retail and Residential in Ghana etc

Other Opportunities


40

Value Proposition

PWH

Land Bank Persianas Development Company

Assets and Projects

TA’s Equity

Assets & Land Bank

New Equity

Debt IPO

Investment Structure


42

Total new funding required is about [$.] million PDC is seeking an equity investment of [$.] million for a 20% ownership stake in

the company (post-money) The signature project Palms Phase II will have an 80% leverage ratio to completion About [$.] million invested to date by promoters on land acquisition, perfection of

title, pre-development costs, etc.

The four year investment profile is extremely attractive: 75% IRR achieved based on conservative estimates of operating cash flows and

sale prices of the luxury apartments Combined valuation of [$.] million for PDC achieved

Conservative assumptions used; several potential income streams are not factored into the valuation. Additional upside potential include the following:

Revenue upside from retail anchors Income from Branding and advertisement Income from Car parking Limited annual rental growth

Key Investment Highlights


43

Potential Investment Exits

Several exit alternatives will be actively pursued:

Listing on a major public equities market Sale to private or public real estate investment funds Sale to a pension fund

Key Investment Highlights

Finalize IPO

StructureAgree

transaction structure and finalize further

asset acquisition

Construction Start

Commence Pre marketing of

Palms IIand pipeline

launch

Soft Openings

Soft Opening of Retail section of

Palms II and Festac Palms

Capital Raising and

Project MobilizationConclude debt and equity

financing for the project and

mobilization of project team

Q3’ 08

IPO

Initial Public offering of PDC

Q2’ 12Q1’ 09 Q4’ 10 Q1’ 12

High Level Transaction roadmap


45

Tayo Amusan

Tayo is the principal sponsor of Persianas Development Company Limited. He is a graduate of Business Administration from the University of Atlanta. He has over 25 years of real estate development experience in Nigeria and internationally and is the first West African to attract international private equity investment to real estate. In 2005,Tayo together with Actis completed the development of the first retail mall in Nigeria. He has extensive experience and a solid reputation in executing project financing transactions and has received awards for his contribution to the development of real estate in NigeriaHis prior real estate successes were based on exploiting demand- supply gaps and a clear understanding of retail and luxury residential developments. Tayo is the Chairman/ Chief Executive of Persianas Properties Limited (owners of the Palms Mall) and serves on the board of several other companies including Garages Limited and Southern Petroleum Limited. He also acts as an advisor on oil & petroleum matters to Masefield Limited in the United Kingdom

Our People


46

Mr. Bolaji Balogun‘Bolaji Balogun is the Managing Director and Chief Executive Officer of Chapel Hill Denham Group and Managing Partner and Chief Executive Officer of Chapel Hill Advisory Partners. He has over nineteen years experience in investment banking and mobile telecommunications.Bolaji spent eleven years in the investment banking within First City Group, leaving the business in January 2001. From April 1993 to January 2001, he was Executive Director and Chief Operating Officer at CSL Stockbrokers (part of First City Group) and in this role was a member of the Nigerian Stock Exchange (“NSE”) project teams which automated delivery, settlement and trading on the NSE.

From June 1998, he was Executive Director at FCMB Capital Markets, a pre-eminent Nigerian investment bank where he led advisory teams in major corporate and complex transactions, including privatizations, M & A, equity & debt capital raising, IPOs, new listings, buyouts, restructurings, debt conversion, compliance with Securities laws involving investments across sectors including energy, telecommunications, FMCG & financial services. He advised clients on market entry into Nigeria and on the acquisition of Nigerian companies.

In January 2001, ‘Bolaji left FCMB Capital Markets to become a co-founder of Econet Wireless Nigeria.The business (later known as V Mobile) was awarded a national license for US$285 million in January 2001. He was also a founding Director and a member of the license bid auction team, which won the GSM license. He was pioneer Chief Business Development and Strategy Officer and in October 2001, was appointed Chief Marketing Officer. He led the capital raising effort to raise over US$750 million for the license and network build-out. The V Mobile business (now Celtel) has experienced phenomenal success since its inception and is nowNigeria’s second-largest GSM operator with over 12 million subscribers, over US$1.1 billion annual revenues. The business was sold to MTC-Celtel for US$1.65 billion in June 2006. Prior to that, ‘Bolaji had left V Mobile and returned to financial services with the formation of Chapel Hill.He is a Director of FCMB Capital Markets, Lafarge WAPCO Cement Plc (a Lafarge subsidiary) and NAHCO Plc. He is a graduate of the London School of Economics and is a licensed securities dealer in Nigeria.

Our People


47

David LaskyOur People

David holds a Bachelors Degree in English and German Literature from the University ofCalifornia, Berkeley (1995) and a Masters in Economics with emphasis on Transition Economies (1996)from Uniwersytet Jagiellonski, Krakow Poland. He has over eleven years experience in corporate andinvestment banking.

He commenced his career in 1996 at GATX Capital Corporation, San Francisco as an Associate Director where he worked in the Corporate finance Division. From there, he proceeded to Deutsche Bank AG, New York/London in 1998 where he was given the mandate to assist in growing Leverage Buyout “LBO” market in Germany and Poland. He was thereafter transferred to the Global Markets Division Internally as Head of Central European and Baltic Origination to build a market leading bond franchise in Poland and the Baltics. Major high points were; increase in Underwriting over the period to over US$3 billion, attained 40% market share in the Poland, 100% in Baltics (nearest competitor 15 and 0% share), Awarded Polish and Baltic Bond House of the year - 1999 by Euromoney Magazine.

He left for Credit Suisse First Boston AG, London in 2000 were he was Director, Fixed Income Head ofCIS Origination. At CSFB he developed a US$15 million per annum franchise and grew underwritingover a four year period by US$3 billion. He later returned to Deutsche Bank AG, London as ManagingDirector Global Markets in 2004 were he was Head EEMEA Capital Markets (all Public Markets – Debtand Equity) with responsibility to build a market leading franchise. He joined Renaissance CapitalMoscow in March 2007 as Managing Director, Real Estate to establish a Real Estate franchise globally.David is a British and U.S Citizen; he speaks English, German and Polish fluently and has a workingknowledge French and Spanish.


48

Prakash Pantham

Our PeoplePrakash is a management professional with over 15 years of progressive marketing, operations and executive level experience in the ICTindustry. He has significant experience with start-up operations and new business creation and is the Chief Commercial Officer at PDC with responsibity for business development strategic planning, sales and marketing.

His last assignment was with Starcomms Plc as the commercial director overseeing sales, marketing and customer care operations. At Starcomms, Pantham helped to navigate the brand on the path of steady and consistent growth, maintaining very clear market leadership in the PTO sector in terms of subscriber base, customer service delivery and product and service innovativeness.

Prior to joining Starcomms, Pantham was the Head of Distribution with Globacom Limited, the second national operator in Nigeria. While at Globacom, he managed and set up the entire distribution network for the company, across the country.

He has a Masters in Business Administration (Marketing) from the University of Baroda. Before coming to Nigeria, he worked with Reliance Infocomm Limited, India’s leading telecommunication and information management company, as Head, Sales Operations. He also worked as Head - Business Services at Textile Portals Limited, an E-commerce portal and Marketing Manager at Hutchison Telecom in India.


49

[.] Okoye

Our People


50

Next Steps

persianas _dubaishow_210408_bb

Documents

economic growth

real gdp growth

strong growth

chapel hill research

rapid gdp growth

exceeding gdp growth

stable growth

investment company