Imara Group Chief Executive:Tom Gaffney

Outlook and Strategy
Opportunities for investment in African capital markets remain attractive in world terms, despite the fact that African markets are not as strong and robust as in prior years. Sentiment towards Africa is also improving. Across the African continent we continue to observe, improving corporate earnings, reasonable dividend yields, and fund flows from the pension fund industry, facilitated by eregulation, and a general increase in formal wage levels. Interest rates remain stable, at reduced rates, due to macro-economic factors and generally improved fiscal discipline at government level. Against this background, Imara is well positioned to continue to seek opportunities that provide better returns to stakeholders. The alignment of longer term strategic objectives with stronger and sustainable earnings remains the Board’s key focus. The current year performance indicates an improved all round performance by the group which remains committed to investing in Africa!

2014 annual report