Phoenix Africa Partners Holding S.A

Oversees the conduct of the Group's investment policy, the evaluation of the results of operating companies, conduct and implementation of merger, exchange or participation, completion of the decentralization of responsibilities, benefits services corresponding to the functions of leadership, management, coordination and control of the Group companies, the research and development for the sole benefit of the group, managing the Group's cash and generally, all commercial, industrial, financial, securities or property and other related directly or indirectly to the purpose defined above, and all similar or related purposes which may facilitate the application or development, while both itself for the account of third parties.