Transferability of cellular network operators 2 Continue to lobby ARTP and the licence is yet to be confirmed by ARTP. Senegal government to ensure licence is transferred. If necessary, develop and implement a public relations campaign in relation to this risk. The Group's potential growth in banking 1 Establish a banking risk activity in the coming years would expose it management working committee to several legal and regulatory constraints to develop a communications (primarily banking regulations and central strategy for engagement with bank supervision) as well as a significant banking regulators and central financial risk (for example, financial solvency banks and formulate relevant and quality of portfolio). financial risk control policy. Over time, form a banking risk management unit headed by an experienced banking risk management professional. Wari has limited experience in maintaining 1 Ensure duration matching through an appropriate capital structure and has strategic capital raising. Consider typically funded investments either through appropriate financing structure for its own funds or from operating cash flows. each significant investment or This practice will expose the company to a acquisition. significant financial risk as it ramps up its strategic acquisition program due to the potential for a duration mismatch between capital and investments. Wari’s planned international expansion 3 Regularly review existing treasure increases its exposure to foreign exchange risk management policy, particularly with respect to risk. currency risk exposure and refine as necessary. Ensure appropriate skilled resources in the group treasure unit.
Transferability of cellular network operators licence is yet to be confirmed by ARTP. 2 Continue to lobby ARTP and the Senegal government to ensure licence is transferred. If necessary, develop and implement a public relations campaign in relation to this risk. The Group's potential growth in banking activity in the coming years would expose it to several legal and regulatory constraints (primarily banking regulations and central bank supervision) as well as a significant financial risk (for example, financial solvency and quality of portfolio). 1 Establish a banking risk management working committee to develop a communications strategy for engagement with banking regulators and central banks and formulate relevant financial risk control policy. Over time, form a banking risk management unit headed by an experienced banking risk management professional. Wari has limited experience in maintaining an appropriate capital structure and has typically funded investments either through its own funds or from operating cash flows. This practice will expose the company to a significant financial risk as it ramps up its strategic acquisition program due to the potential for a duration mismatch between capital and investments. 1 Ensure duration matching through strategic capital raising. Consider appropriate financing structure for each significant investment or acquisition. Wari’s planned international expansion increases its exposure to foreign exchange risk. 3 Regularly review existing treasure risk management policy, particularly with respect to currency risk exposure and refine as necessary. Ensure appropriate skilled resources in the group treasure unit.
4_Wari_business_plan_-_21Sept2017_final_-_as_sent_1.docx