The document introduces Venture Garden Nigeria (VGG), a collection of companies developing automated data collection, data management, and payment processing solutions in emerging markets like Africa. VGG has launched over 12 companies generating revenue in sectors like education, aviation, oil/gas, and finance. One of VGG's companies, Edutech, provides an e-learning platform for universities in Nigeria and has contracts with two major universities. The document also introduces Protea Investment Partners, the funding arm of VGG based in Jersey, which drives VGG's investment activities in Europe and believes in delivering proven technologies to key sectors in Africa.

1. “Invest in Nigeria”
London,
March 2014
PROTEA INVESTMENT PARTNERS

2. INTRODUCING VENTURE
GARDEN NIGERIA
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3. Our Key Team Members
Chief Executive Officer
An execution focused executive with
over 16 years entrepreneurial
experience in high-tech sales, solutions
development and management;
including starting over 5 companies in
Nigeria and in the US.
Bunmi Akinyemiju
Executive Director
Over ten years’ experience driving
innovation in large-scale complex
projects including global strategy and
business development in emerging
market. Kunmi broke the deal for three
global US and Asian airlines to enter the
Nigeria market.
Kunmi Dumuren
CEO FE3DS, LLC; Founder FEEEDS
Advocacy Initiative; U.S. AMBASSADOR TO
NIGERIA & ECOWAS, 2007-2010 & REPUBLIC
OF CONGO 2002-2005
Ambassador Robin
Sanders
Chairman Advisory
Board
Chairman Governing Board
Former Vice-Chairman of the Board of Mobil
Producing Nigeria and Chief Financial Officer
of the ExxonMobil Upstream Companies in
Nigeria. He has served as Project Finance
Director (Europe, Middle East and Africa),
Country HR Manager and General Manager,
Planning and New Business Development.
Mr. Cyril odu
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4. Our Key Team Members Cont’d
►Chief Operating Officer
With over 16 years multifunctional,
multisectoral, multinational work experience,
he brings a rich and exciting combination of
leadership, passion and high execution
capacity to the team
Babatope Makun
►Head, Business Development and Strategy
A Business Development Expert with a keen interest in
developing effective Business systems in Africa,
Sheila’s experience spans across testing the suitability
/viability of products & services in target locations
(esp. Africa), Coordinating Company’s Sales
activities, Prospecting (from Major corporations to
HNWI), Development of Sales processes & tools in
target location and Sales Process Management
Sheila Ash Nelson
► Chief Technology Officer
Over 15 Years’ experience leading
technology teams; over ten years of
extensive experience in software
development both in the public and
private sectors in Nigeria, and the United
States of America. Demola has built over 45
technology solutions for 2 US Fortune 500
companies.
Demola IDowu
►Investment Advisor
Over 13 years’ experience financing,
investing, and building businesses.
Founder and Managing Director, Huron
River Ventures, an $11m early stage
venture capital firm. Previously founded
US corporate venture group for HSBC.
.
Tim Streit
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5. Developed Economies seem to be light years away…
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Aviati
on
Educatio
n
Transpor
t
Healthca
re
Finance
..With fully Automated
Data management
and Electronic
payments systems

6. Technology has been identified as the major driver…
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...One of the most
significant findings in the
last 50 years is that a large
share of economic growth
of any developed country is
driven by Technology &
Innovation

7. But Emerging and Frontier Countries especially in Africa are
significantly behind due to low adoption of technology "
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Especially in
• Automation of Data
collection processes
• Conversion to Electronic
payments platforms
• Mobile phone penetration
• Internet penetration
• Centralized Identity
system/Credit system
Aviation Finance
Education
Power

8. Though many still have peculiar challenges especially in the areas of…
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Cash economies
Manual processes
Lack of data
and Effective
data
management
processes
 Cash ‘Leakages’
 Graft
 Robbery
 No cash registers
 Ledger based inventory
control systems
 Paper accounting
 Inability to plan, seek Foreign Direct
Investment (FDI) etc
 World bank, International Finance
Corporation (IFC) and other
institutions are frustrated
 Population dynamics, consumption,
etc – data quality is poor

9. Emerging Markets
Billing &
Payments
Automation
Data
Venture Garden (VGG) is a collection of companies that develop automated data collection, data
management, and payment processing solutions for emerging markets, particularly Africa - in
several sectors ranging from financial services, education, aviation, and for the petroleum sector.
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What is
BIG DATA = Data
warehouse, analytics,
decision making data
systems

10. VGG has launched more than 12 companies that are generating income with major
customers and are ready for growth capital and national roll-out…Sectors include;
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[Big DATA]
[Automation]
[Payment/Billing
Technologies]
Education
Aviation
Oil and
Gas
Finance
Power
Other
Tech-start
ups
™

11. INTRODUCING EDUTECH
THE EDUCATION FOCUSED ARM OF VGN
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12. Transformative e-Learning, Built
for Africa!
- A uniquely customized online/offline content delivery platform on a
tablet device with no internet required to operate.
- Rapid video capture technology with automatic slicing and syncing
- Connected to ubiquitous payment channels for automated revenue
collection
What is
™
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™

13. Education in Africa – The Nigerian Case Study
- There are 1.5 million college applicants annually in Nigeria alone
- 127 Universities across Nigeria
- Together they have a capacity to admit only about 250,000 annually
Why?
- Lack of capacity
-Limited Access
Country Population Universities Students:Uni
USA 290million 2,618 100,000:1
Japan 127million 1,223 100,000:1
Nigeria 140million 127 1,050,000:1
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™

14. Track Record
 Bursary/Treasury Automation ONLY: for 13
Universities, processing payments, online
registration and results processing for over
200,000 students across Nigeria to-date via
Eduportal
Traction
 10 year Exclusive Contract signed with top 2
national Universities in the Northern and
Southern parts of Nigeria – OAU & ABU
 Three additional top Universities in
negotiations stage
Revenue/EBIDTA Opportunity
 Revenue Opportunity on OAU and ABU is
$111.5m
 Projected EBIDTA - $83.9m
 Total Addressable Market: 10 of the top
Universities in Nigeria
Building on its early success, Edutech is going to
redefine Education in Nigeria
Barriers to Entry
 Rigorous regulatory approval process
(EduTech is approved with OAU),
 Over 1,500 hours of content recorded,
across over 400 lecturers
 Unique United States hardware technology
used, with West Africa rights locked down
™

15. OTHER ENTITIES AND INCUBATED
COMPANIES
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16. INTRODUCING PROTEA
INVESTMENT PARTNERS
THE FUNDING ARM OF VGN
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17. PROTEA INVESTMENT PARTNERS
Key Differentiators
•Protea Investment Partner is the funding arm of Venture Garden Nigeria. Officially
launched in 2013, Protea is headquartered in Jersey and drives Venture Garden Nigeria
investments activities especially in Europe.
•Protea is driven by the belief that we are able to deliver proven technologies into
targeted sectors in Africa which are key to economic development and sustainable
growth.
• Local advisory team with strong track record to
monitor Technology Companies.
• Specialist intelligence led risk containment
capabilities.
• Partnership with VGG to generate pipeline +
Existing pipeline that demonstrates double bottom
line (high growth + impact investment
opportunities).
• Our business model is designed to limit Exit risks.
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18. PROTEA INVESTMENTS PARTNERS
PEOPLE
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Nicholas Connell – Risk Advisor
Founding partner of Rubus Group, a qualified lawyer with practice experience in
South Africa and the UK. Nic worked as an in-house lawyer with Rand Merchant
Bank (UK) before joining the intelligence industry. Nic holds an LLB from the
University of Witwatersrand and an MBA From Imperial College London. He is a
member of the Law Societies of England & Wales and South Africa. Nicholas is
also a member of the Chartered Insurance institute and Chartered Institute for
Securities & Investment. Nicholas is a South African citizen..
Team - best of both
worlds
•The Nigerian Portfolio Management team have worked together
for many years building technology companies in Nigeria and
USA.
•Fund Management team based in Jersey, having worked together
for many years in fund services and risk management
•Strong historic links between the two halves.

19. PROTEA INVESTMENTS PARTNERS
PEOPLE
Anthony Dunmade – CFO
Over 11 years' experience as a UK qualified accountant in the finance industry. Anthony
previously worked as a manager for a European private equity fund Service company and was
responsible for the financial & management reporting for a large European based fund
manager. He has also worked as a Manager of Accounting Services at State Street Global
Services in Jersey where he was responsible for the production of management accounts,
statutory reporting and audit for a portfolio of complex SPV structures. Anthony is a fellow
member (FCCA) of the UK Chartered Association of Certified Accountants and holds a BA
(Hons) Business Accounting from the University of Lincoln in the UK. Anthony holds British
and Nigerian citizenship.
Joel Haskins – Fund Manager
Over 16 years as a Canadian Chartered Accountant with 9 years in private equity. Joel has held
senior director level positions with two multinational private equity fund service companies .
He also has CFO experience working for a large Swiss based private equity management
company. Joel moved to Jersey in 2008 in order to lead the startup of Northern Trust’s private
equity fund administration business in Jersey and has worked extensively with a large American
hedge fund manager, assisting them in their first two African focused private equity funds. Joel
received a Bachelor of Business Administration (B.B.A) from Simon Fraser University in
Canada and qualified as a Chartered Accountant with PwC. Joel is a Canadian citizen and also
holds permanent residency status in the United Kingdom.
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