24th March 2021
Online

Silver Sponsor

African Export-Import Bank (Afrexim)

Silver Sponsor

Citi

Silver Sponsor

Development Bank of Southern Africa

Bronze Sponsor

GCR Ratings
200+
Senior Attendees
20+
Expert Speakers
40%
Regional Public & Private Borrowers

Bonds, Loans & Sukuk Francophone Africa 2021 Virtual

THE ON-DEMAND VIDEO RECORDINGS FROM THIS EVENT ARE AVAILABLE TO VIEW BELOW

This unique virtual platform brought together 200+ of Francophone Africa's leading regional and international borrowers, investors, bankers, policy makers and market practitioners to share knowledge, debate and network. The entire Francophone African capital markets community was represented.


The only event bringing international capital markets together with Francophone Africa was held on our Bonds & Loans online platform in March 2021.

Participants used this unique event to re-engage with their existing Francophone Africa clients, build strong business relations with their prospects and hear the market's financial leaders speak on how they are navigating the current economic climate/share their expectations for the future.

Bonds Loans Sukuk Francophone Africa Virtual 2021 Post Event Report

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Bonds, Loans & Sukuk Francophone Africa 2021 Virtual Agenda

Opening remarks

Wed 24th Mar 2021, 9:10am (Europe/London)

Francophone Africa’s economic outlook for 2021 and beyond: Understanding the post-COVID recovery trajectory across the region

Wed 24th Mar 2021, 9:15am (Europe/London)

  • Hydrocarbon vs. agrarian based economies: Which sectors and economies are proving resilient post-pandemic, and where is there a more staggered recovery
  • Which countries are facing up the biggest debt scars from the pandemic crisis? Are there sufficient FX reserve buffers available at the regional central banks?
  • What the is the likely path of sovereign ratings for CFA countries in the market
  • What is the likelihood of an XOF or XAF currency devaluation? Will we soon see progress with any move away from the French Treasury and towards the Eco?

Moderator

Alex Johnson

Alex Johnson

Chief Executive Officer

GFC Media Group

Alex Johnson

Alex Johnson

Chief Executive Officer at GFC Media Group

Alex is Founder and CEO of GFC Media Group. He is responsible for shaping the business strategy as well as overseeing the day-to-day running of the company. Launched in 2009 focusing on capital markets conferences in the GCC, the business today operates across 4 continents and delivers market intelligence and peer-to-peer discussion to over 10,000 senior finance and investment executives per year.

In 2020, in response to the COVID-19 pandemic, GFC Media Group transitioned its entire business online, having spent 10 years only delivering Live conferences and roundtables.

Prior to starting GFC Media Group, Alex worked in various roles in media, research, and events. He has a degree in Economics and Finance from the University of Durham.

GFC Media Group

Alex Johnson

Speakers

Biola Babawale

Biola Babawale

Biola Babawale

Sovereign Strategist at Union Bancaire Privée

Union Bancaire Privée

Greg Smith

Greg Smith

Greg Smith

Fund Manager at M&G Investments

Gregory Smith is a fund manager at M&G Investments, focused on emerging market sovereign debt. He has a PhD in quantitative economics, plus expertise in finance and assessing political risk. Prior to joining M&G he was a senior economist and sovereign debt advisor at the World Bank where he did stints covering East Asia and Africa. His research includes investing with an Environmental-Social-Governance (ESG) lens, sovereign debt management, and what future sovereign debt restructuring might look like. He is author of the book: ‘Where Credit is Due’, that analyses the strategy of African countries that have borrowed in global debt markets.

M&G Investments

How is Benin’s Ministry of Economy and Finance responding to volatility in a post-COVID economy?

Wed 24th Mar 2021, 9:55am (Europe/London)

  • How much funding does the Benin sovereign need to support their economic recovery plan?
  • Hard vs. local currency: How has reliance and availability of USD for the Benin sovereign changed over the last 12 months?
  • How is the G20’s Debt Service Suspension Initiative impacting their funding strategy for 2021/22?
  • How is Benin’s recent issuance helping pave the way for other issuers in the region?

Speaker

Arsène Dansou

Arsène Dansou

Arsène Dansou

General Manager, Debt Management Agency at Ministry of Economy and Finance, Republic of Benin

Ministry of Economy and Finance, Republic of Benin

Assessing emerging trends and perspectives on the local currency debt markets

Wed 24th Mar 2021, 10:15am (Europe/London)

  • As government auctions become more established, how are other issuers approaching local bond markets?
  • What regulatory developments are needed to support and promote local currency resource mobilisation?
  • What do DFIs need to see in the local currency markets to unlock more investment into Francophone Africa?
  • Securitisation, green finance, sukuk and other innovations: How is the market progressing on the instruments and products developed to help deepen the local market?

Moderator

Fabrice Toka

Fabrice Toka

Head of Business and Corporate Development

GCR Ratings

Fabrice Toka

Fabrice Toka

Head of Business and Corporate Development at GCR Ratings

GCR Ratings

Fabrice Toka

GCR Ratings (GCR) is Africa’s leading rating agency, with a rating coverage in excess of 500 ratings in over 20 African countries. Through its network of local offices in South Africa, Nigeria, Kenya and Mauritius, GCR has the largest rating team in Africa, which gives it unmatched on-the-ground presence, as well as easy access to market participants.

GCR traces its origins back to 1996 and has since established itself as the leading rating agency in Africa, accounting for the majority of all ratings accorded on the African continent. GCR is licensed as a rating agency in a number of markets, including Kenya with the Capital Markets Authority, Nigeria with the Securities and Exchange Commission, Zimbabwe with the Reserve Bank of Zimbabwe and Mauritius with the Financial Services Commission. In South Africa, GCR is registered as a Credit Rating Services Provider by the Financial Services Conduct Authority and is recognised as an eligible External Credit Assessment Institution (ECAI) by the South African Reserve Bank.

Speakers

Olivier Gui

Olivier Gui

Olivier Gui

Managing Director at Africa Link Capital Titrisation

Olivier GUI currently holds the position of Managing Director of ALC Titrisation, a securitization fund management company licensed by the Securities and Exchange Commission (CREPMF). In this role Olivier is responsible for originating, executing, and managing debt securitization transactions as well as promoting the use of securitization as effective financing instruments within the Franc CFA zone. He joined ALC Titrisation, as the Head of Operations responsible for developing the securitization hub of Africa Link Capital Group (ALC Group). To date, ALC Titristation has successfully closed five (5) securitization transactions amounting to FCFA 135 Billion (EUR 205 million) for three different issuers operating in various sectors (financial services and energy).

Olivier holds a master’s degree in Accounting and Finance (MSTCF) from the University of Cocody-Abidjan in Côte d’Ivoire. His previous position was with the investment bank hub of ALC Group where he started his career in 2007 initially as a financial analyst and grew the ladders to be appointed Head of operations in 2014. In this role, Olivier was responsible for executing project and corporate finance transactions across several sectors including power, oil & gas, real estate, agro-industry, transport and logistics as well as financial services.

Africa Link Capital Titrisation

Ndeye Fatou Diop

Ndeye Fatou Diop

Ndeye Fatou Diop

Treasury Client Solutions, Africa at International Finance Corporation (IFC)

Fatou Diop has joined the Treasury Client Solutions Department of IFC in 2014 covering the EMEA region. During her tenure at IFC, Ms. Diop has worked on several structured credit transactions including risk sharing facilities, securitizations, covered bond transactions in emerging markets, and IFC’s first investment in a project bond in Turkey. Ms. Diop has also worked on various initiatives aimed at developing domestic capital markets and has co-led IFC’s debut Rand bond issuance in the South African onshore market.

Prior to joining IFC, Ms. Diop worked at the National Bank of Canada as a senior quantitative officer focused on counterparty credit risk for derivative products. Fatou holds Bachelor’s degrees in mathematics and in finance from Simon Fraser University in Vancouver, and a Master’s degree in Financial Engineering from HEC Montreal.

International Finance Corporation (IFC)

James Doree

James Doree

James Doree

Managing Director at Lion's Head Global Partners

James Doree joined Lion’s Head in 2011, and has worked with the founding Partners to build investment banking and asset management activities across Africa and Frontier Markets. He now leads Corporate and Investment Banking, covering sectors such as power, infrastructure, affordable housing, industry and financial inclusion. As part of Lion’s Head’s work in African capital markets, James has responsibility for managing the African Local Currency Bond Fund (www.alcbfund.com), which helps companies issue debt in their domestic capital markets for the first time.

In addition to his work in Africa, the Middle East and Asia, James has advised European utilities, governments and regulators on corporate and regulatory finance issues, covering energy, rail and postal sectors. James was previously a Senior Consultant at Cambridge Economic Policy Associates and, prior to that, worked for Pricewaterhouse Coopers in Nairobi.He has a Masters in Development Economics and a first class MA in History and Economics from Balliol College, Oxford.

Lion's Head Global Partners

Ripert Bossoukpe

Ripert Bossoukpe

General Director

CREPMF

Ripert Bossoukpe

Ripert Bossoukpe

General Director at CREPMF

CREPMF

How to develop banks’ approach to lending in the syndicated market to widen the region’s funding portfolio

Wed 24th Mar 2021, 10:55am (Europe/London)

Moderator

Constantin Von Moltke

Constantin Von Moltke

Constantin Von Moltke

Director of Syndications and Agency at African Export-Import Bank (Afrexim)

Constantin is Director of Syndications & Agency at the African Export-Import Bank based in Cairo. He has 25 years’ experience of working for both commercial banks and development finance institutions in the loan markets in the Africa, Europe, and the Middle East. Prior to the present position he held management positions with the African Development Bank (Head of Syndication & Co-financing), UniCredit (Global Head Project & Commodity Finance Loan Syndication), and Dresdner Kleinwort Wasserstein (Manager, European Energy & Utilities - Project and Acquisition Finance). In these capacities Constantin has been responsible for advising, arranging and syndicating corporate / project / acquisition financings and structured commodity financings in the financial institution, infrastructure, natural resources and industries sectors. He started his career at the International Trade Centre and United Nations Conference on Trade and Development in Geneva.

African Export-Import Bank (Afrexim)

Constantin Von Moltke

Speakers

Gilles Sakote

Gilles Sakote

Director, Loan Syndication

Societe Generale

Gilles Sakote

Gilles Sakote

Director, Loan Syndication at Societe Generale

Societe Generale

Gilles Sakote
Serge Mian

Serge Mian

Head of Investments and Investor Relations

Oragroup

Serge Mian

Serge Mian

Head of Investments and Investor Relations at Oragroup

Mr. MIAN joined Oragroup in 2017 as Head of investments and investor relations. He is in of charge of the fundraising mobilization along with all strategic initiatives and projects within the Group. He also oversees the Group structured finance department.

Mr. MIAN began his career in the United States in an asset management company before joining Deloitte in France in 2006. Thereafter he worked as an Investment Advisor for JP Morgan Private bank during 5 years before heading back to Africa to lead the M&A practice with the Transaction Services department of Ernst & Young.

Mr MIAN is a graduate of the Ivorian Engineering School of Statistics and Economics and HEC Paris.

Oragroup

Nesbert Ruwo

Nesbert Ruwo

Acting Head, Syndications and Distribution

Development Bank of Southern Africa

Nesbert Ruwo

Nesbert Ruwo

Acting Head, Syndications and Distribution at Development Bank of Southern Africa

Nes is an Acting Head: Syndication and Distribution, and Principal Syndication Officer at the Development Bank of Southern Africa (DBSA).

He has over 10 years’ experience in investment banking and has executed and worked on multi-million-dollar infrastructure deals within the private equity, transport & logistics, oil & gas, energy, telecoms and bulk water sectors in South Africa and across Rest of Africa.

Nes is a CFA Charterholder and holds an MBA (IE Business School), MSc Finance and Investment degree (NUST-ZW) as well as a BBus (Honours) degree (UZ).

Development Bank of Southern Africa

Nesbert Ruwo

The Development Bank of Southern Africa is one of the leading development financial institutions on the continent. Our primary purpose is delivering impactful development finance solutions that ignite transformative change in South Africa and on the rest of the African continent. Improving the quality of life of people in Africa is the fundamental focus of our development impact. We aim to bend the arc of history towards shared prosperity through multifaceted investments in sustainable infrastructure and human capacity.

Our product solutions span all phases of the infrastructure development value chain from infrastructure planning and project preparation, across range of financing and non-financing investments to infrastructure implementation and delivery. Our primary areas of focus include Energy, ICT, Transport, Water and Sanitation. Our secondary area of focus are Education, Housing and Health.

Understanding next steps in developing the CFA and Congolese franc bond markets

Wed 24th Mar 2021, 11:40am (Europe/London)

  • What are the next steps to encourage a wider pool of issuers? What can potential issuers learn from the success of sovereign offerings?
  • Understanding how to withstand FX volatility of the Congolese franc
  • How are Francophone African borrowers’ ability to source funds changing? What are the strategies to access cross-border financing?
  • What do international investors need to see in the local currency markets to unlock more investment into Francophone Africa?
  • Understanding which players are key to opening up the secondary market and how this can help boost investment into the region

Moderator

Samir Gadio

Samir Gadio

Head of Africa Strategy; FX, Rates and Credit Research

Standard Chartered

Samir Gadio

Samir Gadio

Head of Africa Strategy; FX, Rates and Credit Research at Standard Chartered

Samir Gadio heads up the Africa Strategy team in FX, rates and credit research at Standard Chartered Bank. He is responsible for formulating views and recommendations on fixed income and foreign exchange markets across Africa.

Before joining Standard Chartered, Samir was a strategist covering African markets at Standard Bank, prior to which he was a Sub-Saharan Africa financial economist at Renaissance Capital; he was mainly based in London during these assignments, with time also spent in Lagos and Moscow. He started his career as a lecturer in statistics and options and futures at Manhattan College, New York.

Samir has travelled extensively across Africa and interacted on a regular basis with government and central bank officials, market players and institutional investors operating in the region.

He holds a PhD and MA in economics from Fordham University, New York, and a BS in economics from the Russian Peoples' Friendship University, Moscow. He is fluent in English, French, and Russian.

Standard Chartered

Samir Gadio

Speakers

Desire Balazaire

Desire Balazaire

Chief Executive Officer

Congo Airways

Desire Balazaire

Desire Balazaire

Chief Executive Officer at Congo Airways

Congo Airways

Aboulaye Karamoko

Aboulaye Karamoko

Senior Portfolio Manager

Enko Capital

Aboulaye Karamoko

Aboulaye Karamoko

Senior Portfolio Manager at Enko Capital

Abdoulaye is a Partner, Senior Portfolio Manager of the Enko Africa Debt Fund, located in the London office. He is responsible for trading and product structuring as well as risk analysis and management. Prior to joining Enko, Abdoulaye was the Head of Africa Trading at HSBC and Société Générale. He also spent many years trading rates and FX at Standard Chartered Bank.

Abdoulaye holds a MSc. in Economics and Statistics from ENSEA.

Enko Capital

Fama Diop

Fama Diop

Head of Investments, Senegal

Allianz Global Investors

Fama Diop

Fama Diop

Head of Investments, Senegal at Allianz Global Investors

Head Of Treasury and Investments at Allianz Senegal Assurances Life and Non Life. 10 years Experience In Finance, Accounting and Reporting at Allianz Senegal Assurances

MBA in development Practise /Columbia University and UCAD Dakar. Master In Finance and Accounting/ CESAG DAKAR. Bachelor in Business Administration/ I.A.M DAKAR

Allianz Global Investors

Developing the secondary market to boost international investment into the Francophone region

Wed 24th Mar 2021, 12:25pm (Europe/London)

  • What has the market seen so far in terms of secondary activity?
  • Which players are key to opening up the secondary market?
  • Who is willing to step up and contribute to establishing a benchmark curve?
  • What is the minimum requirement to access international investment flows?

Moderator

Papa Sall

Papa Sall

Country Officer and Markets Head, Senegal

Citi

Papa Sall

Papa Sall

Country Officer and Markets Head, Senegal at Citi

Citi

Papa Sall

Speakers

Babacar Toure

Babacar Toure

Deputy General Director

Groupe BDK

Babacar Toure

Babacar Toure

Deputy General Director at Groupe BDK

Babacar joined BDK as head of capital markets in 2016. He currently holds the position of Deputy CEO of the Bank and oversees BDK’s public securities portfolio and Asset and Liabilities Management (ALM) . Prior to joining BDK, he served as head of operations in the newly created “Agence UMOA-Titres”, the debt management office of the West African Monetary Union. Babacar also spent nearly ten years as a European convertible bonds specialist (research and trading) at Société Générale Paris and Morgan Stanley London.

Babacar holds a MSc. In Finance from University Paris XIII.

Groupe BDK

Louis Banga-Ntolo

Louis Banga-Ntolo

Louis Banga-Ntolo

Head of Central Africa at Societe Generale Securities

Louis BANGA NTOLO started his banking career in 1999 in the Cameroonian subsidiary of Société Génerale Group, where he held several positions of Head: Monetics, Treasury and Capital Markets, Director of Strategy, Marketing and Communication and, Deputy Managing Director between 2009 and 2018.

He was actively involved in the establishment of the Treasury bill market in 2011 and the Cameroonian financial market within Société Générale Cameroon and was appointed by presidential decree, Member of the Financial Markets Commission, the national Financial Market Regulatory Authority.

PhD in Banque, Monnaie et Financement from the Lumières Lyon II University, year 1998, Louis BANGA NTOLO is also vacancy lecturer at several Universities and Business Schools in Cameroon (Douala, Yaoundé SOA, IRIC, ESSEC, UCAC) in the Master's cycles since 2001.

Since October 2018, He is appointed Managing Director of Société Générale Capital Securities Central Africa, the brokerage company created by SG Group in Central Africa the same year.

Societe Generale Securities

Abdoul-Aziz Halidou

Abdoul-Aziz Halidou

Head of Sovereign Debt Capital Market Development

Agence UMOA-Titres

Abdoul-Aziz Halidou

Abdoul-Aziz Halidou

Head of Sovereign Debt Capital Market Development at Agence UMOA-Titres

Agence UMOA-Titres

Abdoul-Aziz Halidou

Agence UMOA-Titres is the regional agency supporting the issuance and management of government securities in the WAMU area. Established in March 2013 by the Central Bank Governor upon authorization of the WAMU Council of Ministers, its mission is to work actively for the establishment of a standard Government securities market within the union.

The Government securities market is the only local market, by tender, exclusively dedicated to the financing of the WAMU Member States. These sovereign issuers seek, through appropriate procedures, the issuance of Government securities by specific actors, either for their own account or for that of third parties.

Agence UMOA-Titres aims to build, in collaboration with all stakeholders, a regional market of Government securities able to play a critical role in the development of WAMU Member States.

The institution is aware of its social responsibility and defines itself as a responsible and citizen corporate by promoting among others child health and immunization. Since 2015, Agence UMOA-Titres is a social partner with a sub-regional foundation in charge of mobilizing funds to support vaccination through private sector.

ESG integration: Global and regional trends and tools: A closer Look at PRI’s African Climate Awareness Initiative

Wed 24th Mar 2021, 13:05pm (Europe/London)

  • Unpacking the key elements of climate awareness within a Francophone and pan-African context
  • Overview of global and regional trends in ESG integration: How African investors can develop their capacity to integrate ESG into portfolios
  • How to empower African investors to make informed decisions on ESG integration and responsible investment

Speaker

Nicole Martens

Nicole Martens

Director, Martens Impact Advisory and Acting Head of Africa & Middle East,

UNPRI

Nicole Martens

Nicole Martens

Director, Martens Impact Advisory and Acting Head of Africa & Middle East, at UNPRI

I am passionate about sustainable development in general and about developing pragmatic and impactful strategies for Africa’s just transition to a low carbon economy in response to the climate emergency.

As a Development Economist, I have dedicated my career to the provision of strategic advisory services in the development space. I have worked with local and international clients across the public and private sector on the design and implementation of strategies aimed at achieving large-scale developmental impact. My work includes a special focus on the identification of innovative finance mechanisms for generating financial return and impact, specifically with reference to integration of environmental, social and governance (ESG) factors into investment processes i.e. responsible investment.

In recent years, my focus has been on identifying and addressing the needs of African investors with respect to integrating ESG into investment processes in an effort to foster the maximisation of long-term sustainable financial returns across the continent. I have specialised in the initiation and management of key stakeholder relationships and partnerships across the region, including those with investors as well as with policymakers and regulators, academic institutions and mission driven organisations.

My work has included the design and roll-out of initiatives to build capacity amongst investors and other organisations on ESG integration and responsible investment approaches – specifically, developing content for and then facilitating workshops, webinars and online learning tools.

I currently sit on a number of committees and working groups where I provide insight on international trends and developments with respect to responsible investment and represent the needs of African investors in this regard. These include:

UNPRI

Closing remarks

Wed 24th Mar 2021, 13:25pm (Europe/London)