Our Vision in Africa
Sumitomo Corporation
November 2023

1© 2023 Sumitomo Corporation

Africa Investment Forum 2023

Confidential

About Sumitomo Corporation
Company Name
Establishment Date
Representative Director
President and Chief
Executive Officer
Paid-in Capital
Number of Offices
Head Office

SUMITOMO CORPORATION
December 24, 1919
Masayuki Hyodo
220billion yen (as of September 30, 2021)
Japan: 20, Overseas: 109 (as of March 31, 2023)
OTEMACHI PLACE EAST TOWER3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo 100-8601, Japan
Phone：+81-3-6285-5000

URL

https://www.sumitomocorp.com/

Shareholders’ equity

Net Income（equity attributable to owners of the parent）

US$28.4billion

as of March 31, 2023

US$4.2billion

Number ofConsolidated Subsidiaries
and Associated Companies

Number of Employees

886

78,235（Consolidated Base）

Sumitomo Corporation Head Office
Consolidated Subsidiaries 636（Japan:135 Overseas:501
Associated Companies 250（Japan:50 Overseas:200）

Corporate
Evaluation

FortuneGlobal500

Sumitomo Corporation has been ranked in the Fortune Global 500, an annual list compiled and published by US
Fortune magazine, for 28 years, as one of the global companies leading the world’s development.

2© 2023 Sumitomo Corporation

Africa Investment Forum 2023

Confidential

Our footprint in Africa
Digital Transformation：
Our Network in Africa（As of June 2023）◼ Safaricom Ethiopia - Telecommunication Business in Ethiopia◼ M-KOPA - “Pay-as-you-go” digital finance platform in Kenya

Mineral Resources : Ambatovy Project◼ Nickel and Cobalt refinery business in Madagascar

For
EnrichingLives ofPeople inAfrica

Power Infrastructure : Major projects in Africa

Dorper wind firm in South
Africa (100MW)© 2023 Sumitomo Corporation

Rades-C Power plant inTunisia (450MW)

Kpone Power plant inGhana (340MW)

3

Africa Investment Forum 2023

Confidential

Shareholders

Company

Highlight – Telecom project in Ethiopia
Safaricom Telecommunications Ethiopia PLC<Vision in Ethiopia>(Established in July 2021)

Vodafone group

Agriculture

Vodafone（UK）

Vodacom（South Africa)

Safaricom（Kenya）（Japan）

BII
（UK）

IFC
(World Bank Group)

Education

Milestone

Entertainment

Healthcare

Oct 2022

Aug 2023

Oct20232030

Nationallaunch

Mobile money
launchService in225
cities/towns

Network accessto almost all
citizens

Insurance

Potential

Mobile Financial Services（M-PESA）
Population

GDP growth ratec.120 million (2022)

c.8%（2012-2021 ave.）

Median AgeMobile penetration

18.6 years old (2022)

Currently over 50%

Telecommunication
Customers4© 2023 Sumitomo CorporationAfrica Investment Forum 2023

Confidential

Enhancing Digital Communication in Africa

Digitalizing
Africa withVodafone Group◼ The spread of digital networks is essential
for social and economic development inAfrica.
◼ It is based on five segments: “Towers”,“Fiber”, “Devices”, “Digital Platform” and“Energy”.

◼ PAYG financing with mobile money –realizing financial inclusion for people whohave no stable income
M-KOPA –Leading Fin-techin Africa◼ Originated in Kenya, and currently inoperation also in Uganda ・ Nigeria ・Ghana▪

Founded in 2011

TIME100▪

3,000,000+ Cumulative customers▪

10,000+ Active sales agents▪

USD210M+ Revenue (in 2022)▪

4 countries

MOST INFLUENTIAL COMPANIES 2023

◼ Start from SHS but current core productare smartphone. Ebike is the next target.
© 2023 Sumitomo Corporation52011

20192021