Yoma Strategic Holdings is a prominent business corporation based in Myanmar, focusing on a diversified portfolio that includes real estate, consumer goods, automotive and heavy equipment, agriculture, logistics, and tourism. In collaboration with the SPA Group, Yoma Strategic adopts a conglomerate approach to develop and expand its various business interests within the country. The company is recognized for its strong governance and transparency, having achieved a top ranking in the Governance and Transparency Index and receiving accolades for its management practices. Its extensive investment portfolio primarily consists of investments in subsidiary corporations, underscoring its commitment to fostering growth across multiple sectors in Myanmar.
Yoma Micro Power Myanmar Company Limited builds, owns, operates, and maintains solar-based micro-power plants. The company offers mini-grids in off-grid areas generating and distributing electricity to power telecom towers in rural areas and off-grid communities. It also offers on-grid commercial and industrial solar systems. The company was founded in 2017 and is based in Yangon, Myanmar.
Wave Money operates as a mobile financial services provider. Wave Money is a financial service platform targeting the unbanked population in Myanmar. It is the first company to be regulated under the Mobile Financial Services Regulation and to secure a licence from the Central Bank of Myanmar.
Electricity infrastructure development is a priority for Myanmar to drive economic growth. According to the World Bank only 16 percent of rural households in Myanmar are connected to the power grid1. The demand for power far exceeds the available production capacity, resulting in regular blackouts. The limited production and distribution of power severely hamper economic development and the powering of telecommunications towers.