Overview Founded in early 2005 by a group of international energy, economic development, and technology experts, Africa Biofuel and Emission Reduction (Tanzania) Ltd (AB) is an early stage company intended to provide a triple net return to socially responsible investors. The company operates in East Africa and is registered in Dar es Salaam, Tanzania. AB has developed a diversified agribusiness model to provide a sustainable, scalable business for future returns and to promote the development of biofuel as a new industry in East Africa. The company intends to grow and cultivate an agricultural source of biodiesel fuel while it diversifies its early revenue stream through the sale of: complementary cover crops, global university-based training programs, and byproducts from the land clearing and manufacturing processes. The company has undertaken extensive research to qualify and quantify an indigenous tree, which produces an oily nut. This nut is the basis for an African-sourced commercial oil. AB expects to be the first African company to provide Tanzania with a sustainable locally sourced fuel and a business model for rural development by 2010. Africa Biofuel is seeking to raise USD2.0M in equity financing to complete Phase I of business development.

Company Background Tanzania, like the majority of its neighbors, continues to suffer economic setback from the effect of inadequate energy supply, particularly in the rural areas. Both power and fuel demands have increasingly outstripped supply as the country struggles to eclipse the economic development cycle characteristic of a developing nation. The chronic shortage of affordable fuel contributes to the lack of infrastructure necessary to support sustainable economic growth, health, and welfare. The founders of Africa Biofuel have leveraged their collective experience on the continent to solve the problem of inadequate supply of affordable oil. Currently, fossil diesel at the pump costs approximately USD1.00 per liter in western Tanzania. The Company expects to supply biodiesel for a few cents per liter once full production is achieved.

The Product Africa Biofuel will focus on raising Croton megalocarpus trees, a species indigenous to the area, the nuts of which contain 32% oil by volume. This oil will either be extracted and sold in its natural state as a fuel for large stationary diesel engines or refined into biodiesel suitable for use in existing diesel-powered vehicles. Secondary sources of revenue include the following derivative products: glycerol, biogas, and organic fertilizer.

Benefits Reducing poverty through increased employment at fair wages Reducing hunger via long-term cash flow to local households Promoting gender equity through paid work and opportunities for entrepreneurship Increasing tax revenues from profitable sales of biofuels Reducing air pollution levels via production and distribution of “green” biofuel Long-term economic empowerment since Croton trees have a 45 year lifespan

Market and Competition Although BP, Shell, Exxon, and Engen petroleum companies are actively seeking to enter the biodiesel market, none of these multinationals are currently present in Tanzania with R&D or operating units. Each of these companies represents a potential successful exit strategy for Africa Biofuel. Other biofuel start-ups are now being registered in Tanzania. However, Africa Biofuel is uniquely positioned to contribute to the country’s development through a leadership role in corporate social responsibility. AB intends to develop opportunities for diverse agribusiness and define a new industry sector referred to as “green fuel.”

Milestones Since early 2005, AB has achieved the following significant milestones:

Early investment of $360,000 Founder’s management team installed and working Start-up team identified and recruited Customer/technical advisors identified BOD formed Phase I research and development completed Land and policy issues identified

$360,000 TO DATE FROM

INVESTOR/FOUNDERS

AB representatives pose with

H.E. President Kikwete (second from right) after a briefing.

Today's problems cannot

be solved if we still think

the way we thought when

we created them.

– Albert Einstein

3031 Macomb Street

Washington, DC 20008 USA

+1 (202) 237-2146

Africa Biofuel and Emission Reduction (Tanzania) Ltd

Financials/Capital Requirements AB is a registered company limited by shares in Tanzania. The current monthly cash use rate is USD30,000 and is projected to increase to USD100,000 during the start-up period. Detailed financial projections are contained in a full business plan (available upon request). The company is raising USD2.0M in equity in the form of convertible debt. This capital will enable the company to complete R&D, enter into a land contract with the government, hire local, targeted executive managers, and open a business and field office in Tanzania in late Q1, 2007.

Risk Mitigation Abundant and sparsely populated land Favorable climate Low labor costs International business expertise Full support from the current administration Technical capability of founders Strong alliances with marketing, distribution, research and development institutions Enabling social and political environment in Tanzania Multinational founders have 25 years of collective agri/energy experience Experienced Tanzanian technical management team Phase I of R&D completed

Opportunity Scaleable regional model for 6 neighboring countries Diversified triple-net business model Public-private partnership model Transferable model for rural areas in Africa Birth of biofuel industry in East Africa

Management Team Director of Operations (pending funding) JN brings 25+ years of executive management experience within the sugar industry. During his career he is credited with the profitable oversight of a USD400M operation. He is currently working as an operations consultant to several energy companies in East Africa and resides in Dar es Salaam. Process Engineer (pending funding) BN brings 13+ years of experience in both the sugar and energy industries. He has held management positions with responsibility for all process manufacturing systems and equipment. Mr. N is an engineer graduate of the University of Dar es Salaam. He lives in Dar es Salaam. Plantation Manager (pending funding) JK brings 30+ years of experience in agriculture, land use planning, rural development and environmental management to the team. He obtained a general Certificate in Agriculture, followed by a diploma in farm management from Mlingano Training Institute, in Tanga. He focused on farm management, crop production and protection, farm operations, and machinery management. He lives in Karagwe District, Kagera Region. Lenard Milich, PhD, is Director of R&D and founder of Africa Biofuel. He has 20+ years of international experience focused on food security initiatives and rural/urban sustainable development. Len provides farming systems, plant research, and private-public partnership capabilities to the venture. He currently lives in Bali, Indonesia, and will relocate to Dar es Salaam pending funding. Innocent Bash, Manager, Investor Relations, is a graduate of St. John’s University, Minnesota, USA. Innocent has worked with WilmaFund Africa as the local program manager since graduation. He has strong, positive relationships with government, private sector industry partners, and local university research and development faculty. He lives in Dar es Salaam.

Contact Information

Christine L. Adamow, Director 3031 Macomb Street NW Washington, DC 20008 +1 (513) 255-3196 (USA)

+255 755 234 028 (Tanzania) cadamow@ttt-wilma.com

Innocent L. Bash, Manager, Investor Relations P.O. Box 14317

Dar es Salaam, Tanzania +255 22 2667792

+255 745 847231 mobile ibash@wilmafund.org

“Green fuel” for growth

An indigenous tree that produces abundant oil-bearing nuts

Plantation and refinery locations in

northwest Tanzania

Vast areas of currently unproductive

land available for planting

Use of Start-up CapitalIn USD

Impact analysis, operating capital, Human Resources 400,000Technical research, product development 600,000Education, technical assistance, policy advocacy, student intern program 200,000Land operations, plantation site preparations, relocation assistance 325,000Salvage Sales 400,000Reserve 75,000Total USD2,000,000