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ESG & Capital Markets Africa 2020 - Virtual Conference

The only virtual gathering focused on ESG and sustainable finance solutions for the African market

Gold Sponsor

Standard Bank

Multilateral Sponsor

Africa Finance Corporation

WAEMU Sponsor

Agence UMOA-Titres

Silver Sponsor

Nedbank CIB

Silver Sponsor

Rand Merchant Bank (RMB)

Bronze Sponsor

Fitch Ratings

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Africa

Livestream Agenda

Debunking myths to better integrate ESG into your investment approach

Tue 6th Oct 2020, 8:00am (Europe/London)

Debunking myths to better integrate ESG into your investment approach

  • What does ESG integration look like? Addressing commonly held misbeliefs and incorrect assumptions
  • Materiality vs. demand vs. regulation: What is driving ESG integration globally
  • What are the trends we are seeing in ESG integration and across the globe?
  • What tools and resources are available to investors looking to start or improve upon ESG integration practices?

Speaker

Nicole Martens

Nicole Martens

Head of Africa & Middle East

UNPRI

Nicole Martens

Nicole Martens

Head of Africa & Middle East at UNPRI

In her role of Head of Africa & Middle East for the PRI, Nicole’s focus is 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.

Prior to joining the PRI Nicole’s career as a development economist has focused on supporting local and international organisations across the public and private sector in the design and implementation of strategies aimed at achieving large-scale developmental impact in Africa.

UNPRI

Deconstructing the UN’s Sustainable Development Goals (SDGs): How can we start applying these principles to the African market?

Tue 6th Oct 2020, 8:35am (Europe/London)

Deconstructing the UN’s Sustainable Development Goals (SDGs): How can we start applying these principles to the African market?

  • SDGs 101: What are the SDGs, and why are they important for the progress of Africa’s financing and development needs?
  • What does it mean to be ESG compliant?
  • Putting SDGs into practice: How do a selection of the 17 SDGs (education, sanitation, affordable clean energy and infrastructure) fit into the pipeline of Africa’s future development?

Moderator

Tariye Gbadegesin

Tariye Gbadegesin

Tariye Gbadegesin

Chief Investment Officer at ARM Harith Infrastructure Investment

Tariye Gbadegesin is an investment professional with 20 years of experience in the financial services sector and over US$ 3 billion of transaction experience.

She is the Managing Director and Chief Investment Officer of ARM Harith Infrastructure Fund Managers (ARMHIIL); a Joint Venture between Asset & Resource Management Company Ltd (ARM) , a Nigerian institutional investor with US$2.3 billion of assets under management and Harith General Partners (Pty) Ltd (Harith), a South African infrastructure fund manager with over US$1 billion under management.

Tariye is a member of the Advisory Council of the Millennium Challenge Corporation in Washington D.C. She is part of The United Nations Development Program Working Group for Insurance-based Financial Instruments to support Climate Finance as well as the The Global Innovation Lab for Climate Finance.

She was on the founding team to establish the Africa Finance Corporation (AFC), a pan African DFI with US$ 6 billion under management where she led several of AFC’s investments in the sectors of power, transport, industrials, and telecommunications infrastructure. Tariye was the head of the Industrial and Telecommunications Business at AFC, building the business into an US$ 800 million allocator of capital across Africa for the sector.

Tariye has global experience from working at the International Monetary Fund, Boston Consulting Group and PricewaterhouseCoopers. She has a bachelor’s degree in Economics from Amherst College, and an MBA from the Harvard Business School.

ARM Harith Infrastructure Investment

Speakers

Chinua Azubike

Chinua Azubike

Chief Executive Officer

InfraCredit

Chinua Azubike

Chinua Azubike

Chief Executive Officer at InfraCredit

Chinua is the Chief Executive Officer of InfraCredit, the first 'AAA' rated specialised local currency infrastructure credit enhancement facility in Nigeria. He has garnered over 15 years experience in corporate/structured finance and debt capital market roles. Chinua has a strong and practical know-how of domestic debt capital markets with a firm interest in market development, and has acted as a lead adviser in the establishment of key development finance institutions in Nigeria. He was the project lead for the establishment of a Nigeria Infrastructure Credit Enhancement Facility (now InfraCredit) and prior to this role, the Managing Director of Dunn Loren Merrifield Advisory Partners, a corporate finance advisory firm. He holds an M.Sc. in Finance & Financial Law from University of London and studied law at the University of Lagos. He is currently the chairperson of the Regulation Consolidation Sub-Committee of FMDQ Debt Capital Market Development Project.

InfraCredit

Chinua Azubike
Sergey Dergachev

Sergey Dergachev

Functional Head of Emerging Markets Corporates

Union Investment Privatfonds GmbH

Sergey Dergachev

Sergey Dergachev

Functional Head of Emerging Markets Corporates at Union Investment Privatfonds GmbH

Sergey Dergachev joined Union Investment´s fixed income portfolio management team in April 2008. As Functional Head Emerging Markets Corporate Debt and Senior Portfolio Manager, he is responsible for the emerging markets corporate bonds unit, which he has built up at Union Investment since 2009. In addition to that, Sergey plays a vital role in developing and promoting ESG themes and integration for EM debt portfolios at Union Investment. Prior to joining Union Investment, he worked at Frankfurt Trust from 2006 till 2008, as portfolio manager managing emerging markets fixed income debt portfolios (sovereign and corporate debt).

Sergey studied international business administration at the European Business School in Oestrich-Winkel, as well as at the Ecole Supérieure de Commerce in Rouen and the University of Westminster in London. In addition to that, Sergey is a certified chartered financial analyst (CFA), financial risk manager (FRM) and chartered alternative investment analyst (CAIA). He also holds a Master of Business Administration (MBA) degree from the University of Durham.

Union Investment Privatfonds GmbH

Nicole Martens

Nicole Martens

Head of Africa & Middle East

UNPRI

Nicole Martens

Nicole Martens

Head of Africa & Middle East at UNPRI

In her role of Head of Africa & Middle East for the PRI, Nicole’s focus is 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.

Prior to joining the PRI Nicole’s career as a development economist has focused on supporting local and international organisations across the public and private sector in the design and implementation of strategies aimed at achieving large-scale developmental impact in Africa.

UNPRI

Arvana Singh

Arvana Singh

Principal – Debt Capital Markets

Nedbank

Arvana Singh

Arvana Singh

Principal – Debt Capital Markets at Nedbank

Nedbank

Arvana Singh

Implementing Sustainable Finance products: What can African players learn from successful ESG strategies and issuances in other regions?

Tue 6th Oct 2020, 9:25am (Europe/London)

Implementing Sustainable Finance products: What can African players learn from successful ESG strategies and issuances in other regions?

  • Green bonds, sukuks, SDG linked bonds and loans: Understanding the debut issuer journey
  • What were the key challenges they faced, and how did they overcome them?
  • What are the benefits?
  • How are social bonds operating in different jurisdictions? Would a similar structure translate well to the African market?

Moderator

Nigel Beck

Nigel Beck

Head of Sustainable Finance

Standard Bank

Nigel Beck

Nigel Beck

Head of Sustainable Finance at Standard Bank

Nigel is the Global Chair of the Equator Principles Steering Committee, lead at the International Chamber of Commerce on Sustainable Trade Finance and a member of the Impact Investing National Task Force. Within Standard Bank, he partners with businesses to better serve clients, drive sustainable innovation and capture emerging opportunities within this growth area. He leads a dedicated team with a full range of knowledge, skills and experience necessary to enable the development of sustainable business opportunities (green/social/climate products and services).

Prior to working in banking, he was a consultant on large and small infrastructure/resource transactions and worked within the British Public sector.

He is a Member of the Institute of Environmental Management and Assessment (MIEMA) and is a Chartered Environmentalists. Nigel has a BSc from the University of Cape Town, BSc (Hons) from Pretoria University, MSc & DIC (Environmental Technology) from Imperial College, University of London, and an MBA (Finance) from Wits Business School and Executive Leadership Programme from Duke Fuqua School of Business.

Standard Bank

Nigel Beck

About Standard Bank Group

Standard Bank Group is the largest African bank by assets, operating in 20 African countries and 5 global financial centres. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB.

Standard Bank has a 157-year history in South Africa and started building a franchise outside southern Africa in the early 1990s.

Our strategic position, which enables us to connect Africa to other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses, provide significant opportunities for growth.

The group has over 50 000 employees, more than 1 100 branches and 9 000 ATMs on the African continent, which enable it to deliver a complete range of services across personal and business banking, corporate and investment banking and wealth management.

Headline earnings for 2019 were R28.2 billion (about USD2 billion) and total assets were R2.3 trillion (about USD163 billion). Standard Bank’s market capitalisation at 31 December 2019 was R277 billion (USD20 billion).

The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.

For further information, go to http://www.standardbank.com

Speakers

Giulia Pellegrini

Giulia Pellegrini

Deputy CIO, EM Fixed Income

Allianz Global Investors

Giulia Pellegrini

Giulia Pellegrini

Deputy CIO, EM Fixed Income at Allianz Global Investors

Giulia Pellegrini is Deputy CIO for Emerging Markets Debt at Allianz Global Investors, where she focuses on EM sovereign debt strategies and ESG investing. Prior to joining AllianzGI in 2020, she was Head of Sustainable EM Fixed Income Investing at BlackRock since 2015. Ms Pellegrini was previously Chief Economist for Sub-Saharan Africa in J.P. Morgan’s Emerging Market Research team in London and in Johannesburg and an Economist at the World Bank in the Africa Finance and Private Sector Development Department in Washington D.C. She started her career as an Economist in the Policy & Strategy Division of the Debt Management Office of the Federal Republic of Nigeria in Abuja. Giulia holds master degrees in Development Economics and in Econometrics from the University of Oxford, St Antony’s College and from Birkbeck College as well as a BSc in Economics from the School of Oriental and African Studies – University of London.

Allianz Global Investors

David Rajak

David Rajak

Capital Markets and Investor Relations Executive

Bayport Management Ltd

David Rajak

David Rajak

Capital Markets and Investor Relations Executive at Bayport Management Ltd

David Rajak and his team are responsible for raising funding for the Bayport Management Ltd (BML) group’s subsidiaries as well as for the Mauritian holding company in. The team under David’s stewardship have led the way for both listed and unlisted debt issuances and Impact Funding in both Africa and Latin America in addition to successful European listed debt offerings. Prior to joining BML in 2009, David worked at the Standard Bank Group in both London and Johannesburg within the global markets division where his final position was Head of Syndication for Capital Markets. Following his time with Standard Bank, David joined Rand Merchant Bank in Johannesburg for two years as head of their Debt Capital Markets Distribution team. David received his Bachelor of Business Science degree with Honours in Finance from the University of Cape Town in 1994.

Bayport Management Ltd

David Ashaolu-Coker

David Ashaolu-Coker

Fixed Income Product Specialist

London Stock Exchange

David Ashaolu-Coker

David Ashaolu-Coker

Fixed Income Product Specialist at London Stock Exchange

David is a multi-asset business and product development associate in London Stock Exchange’s Primary market team, with a specific focus on African debt capital markets and product innovation. David has worked on a number of African transactions and was involved in the development of London Stock Exchange’s Sustainable Bond Market. He holds a BA in PPE from University of Manchester.

London Stock Exchange

David Ashaolu-Coker

London Stock Exchange Group (LSEG) is a global financial markets infrastructure business. Its diversified global business focuses on Information Services, Risk and Balance Sheet Management and Capital Formation. The Group supports global financial stability and sustainable economic growth by enabling businesses and economies to fund innovation, manage risk and create jobs. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. These include London Stock Exchange; Borsa Italiana; MTS (a European fixed income market); Turquoise (a pan-European equities MTF); FTSE Russell, a global index, data and analytics provider; global clearing house LCH; and LSEG Technology. Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,500 people.

Further information on LSEG can be found at www.lseg.com

LinkedIn URL: https://www.linkedin.com/company/london-stock-exchange-group/

Twitter handle: @lsegplc

Laila Razack

Laila Razack

Chief Financial Officer

Equites

Laila Razack

Laila Razack

Chief Financial Officer at Equites

Equites

How can credit worthiness within an ESG framework benefit sovereign risk analysis in the long-term?

Tue 6th Oct 2020, 10:30am (Europe/London)

How can credit worthiness within an ESG framework benefit sovereign risk analysis in the long-term?

Speakers

Lupin Rahman

Lupin Rahman

Head of EM Sovereign Credit

PIMCO

Lupin Rahman

Lupin Rahman

Head of EM Sovereign Credit at PIMCO

Ms. Rahman is an executive vice president and portfolio manager in the London office. She is PIMCO's global head of sovereign credit on the emerging markets (EM) portfolio management team and responsible for ESG (environmental, social, and governance) integration across PIMCO's investment strategies. Prior to joining PIMCO in 2008, she spent five years at the International Monetary Fund as an emerging markets macroeconomist. Before joining the IMF, she worked for the World Bank, the Centre for Economic Performance, and STICERD (the Suntory and Toyota International Centres for Economics and Related Disciplines). She has 23 years of investment experience and holds a Ph.D. in economics from the London School of Economics.

PIMCO

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

Green vs. Vanilla: Pricing vs. ROI – How do they stack up?

Tue 6th Oct 2020, 11:40am (Europe/London)

Green vs. Vanilla: Pricing vs. ROI – How do they stack up?

  • USD vs. local currency, green vs. vanilla: How does pricing for a USD denominated green transaction compare to vanilla? How does this change when looking at local currency?
  • With green transactions requiring more work than vanilla, how does this translate in terms of ROI? Is the ROI and/or benefit of green worth it?
  • Short term pain to achieve long term gain: Do the long-term investment benefits outweigh (sometimes) frequent upfront costs?
  • Pricing up alternatives for green products: What products other than debt are offered under the “green umbrella”? How do they price in comparison?

Moderator

Christopher Egerton-Warburton

Christopher Egerton-Warburton

Christopher Egerton-Warburton

Co-Chief Executive Officer at Lion's Head Global Partners

Christopher (Edge) is an expert in the structuring and execution of innovative financing solutions.

Prior to establishing LHGP, Edge spent 14 years at Goldman Sachs within the Debt Capital Markets group. In his last role he was Head of the Sovereign, Supranational and Agency team. He spent six years within the EEMEA emerging markets team, where he worked primarily in Greece, Hungary, Israel, Turkey and South Africa.

In 2002 Edge joined the European Sovereign Financing team, which he headed from 2006, providing vanilla and innovative financing solutions to Goldman Sachs’ leading franchise in this sector. During this time he worked on transactions in Belgium, Germany, and the UK.

He was the lead banker on a new multilateral development institution – The International Finance Facility for Immunisation (IFFIm), on behalf of the governments of France, Italy, Norway, Spain, South Africa, Sweden and the UK.

Edge received an MA in Biochemistry from Christ Church College at Oxford University.

Lion's Head Global Partners

Speakers

Olumide Lala

Olumide Lala

Africa Markets - Programme Manager

Climate Bonds Initiative

Olumide Lala

Olumide Lala

Africa Markets - Programme Manager at Climate Bonds Initiative

Climate Bonds Initiative

Modupe Famakinwa

Modupe Famakinwa

Modupe Famakinwa

Head of Funding at Africa Finance Corporation

Africa Finance Corporation

Modupe Famakinwa

AFC, an investment grade multilateral finance institution, was established in 2007 with an equity capital base of US$1.1 billion, to be the catalyst for private sector-led infrastructure investment across Africa. With a current balance sheet of approximately US$6.1 billion, AFC is the second highest investment grade rated multilateral financial institution in Africa with an A3/P2 (Stable outlook) rating from Moody’s Investors Service. AFC successfully raised US$1,150 billion (US$650 million and US$500 million) in 2019, US$500 million in 2017 and US$750 million in 2015 through Eurobond issuances; out of its Board-approved US$5 Billion Global Medium-Term Note (MTN) Programme. All Eurobond issues were oversubscribed and attracted investors from Asia, Europe and the USA.

AFC’s investment approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth. AFC invests in high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. To date, the Corporation has invested over US$7.2billion in projects within 32 countries across Africa.

Nicholas Gunning

Nicholas Gunning

Debt Capital Markets

Standard Bank

Nicholas Gunning

Nicholas Gunning

Debt Capital Markets at Standard Bank

Nicholas joined Standard Bank’s Debt Capital Markets team in 2011 attending to the origination, structuring and execution of both securitisation and corporate bond transactions. During this period he has:

  • Issued and/or traded in excess of 50 short-term rated ABCP issuances across two conduits
  • Structured, executed and/or maintained 5 Standard Bank funded asset backed warehouse structures
  • Structured and executed over 40 rated term debt issuances representing in excess of 50% of the total public securitization volumes and over 90% of the non-bank public securitisation volumes in South Africa over the past decade

Nicholas holds an honours in Economics and an undergraduate degree in Mathematics and Economics, both degrees from the University of Cape Town

Standard Bank

Nicholas Gunning

About Standard Bank Group

Standard Bank Group is the largest African bank by assets, operating in 20 African countries and 5 global financial centres. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB.

Standard Bank has a 157-year history in South Africa and started building a franchise outside southern Africa in the early 1990s.

Our strategic position, which enables us to connect Africa to other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses, provide significant opportunities for growth.

The group has over 50 000 employees, more than 1 100 branches and 9 000 ATMs on the African continent, which enable it to deliver a complete range of services across personal and business banking, corporate and investment banking and wealth management.

Headline earnings for 2019 were R28.2 billion (about USD2 billion) and total assets were R2.3 trillion (about USD163 billion). Standard Bank’s market capitalisation at 31 December 2019 was R277 billion (USD20 billion).

The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.

For further information, go to http://www.standardbank.com

Ahmed Kouchouk

Ahmed Kouchouk

Vice-Minister of Finance for Fiscal Policies

Ministry of Finance, Egypt

Ahmed Kouchouk

Ahmed Kouchouk

Vice-Minister of Finance for Fiscal Policies at Ministry of Finance, Egypt

Ahmed Kouchouk was appointed Vice Minister of Finance for Fiscal Policies & Institutional reform in March 2016. Since then he has been playing a leading role in designing and implementing Egypt’s macroeconomic policies and reforms especially fiscal and debt policies. Mr. Kouchouk he served as the leading negotiator and focal point on behalf of the Government of Egypt with the IMF. Mr. Kouchouk in his capacity, supervises and oversees the work of various policy related units and departments at the Ministry of Finance including Macro Fiscal Unit, Debt Management unit, Public Private Partnership unit, Transparency and Citizen Engagement unit, Public Financial Management unit, and Institutional reform unit. Mr. Kouchouk leads and supervises several work streams at the Ministry of Finance including engagement with International institutions, Rating agencies, Investment Banks and portfolio investors. He also supervises and manage the process of setting and updating the Macro Fiscal Framework including setting fiscal & debt targets over the medium‐term, preparing the annual budget, monitoring budget implementation, managing fiscal risks, and overseeing debt strategy and related policies. Mr. Kouchouk serves as Egypt representative at the Asian International Infrastructure Bank Board (AIIB). In addition, he is the Ministry of Finance nominated focal coordinator with monetary authorities. He served as a Board Member at the Central Bank of Egypt from April 2016 to June 2018. He also leads Egypt’s inter‐ministerial task force managing annual economic dialogue with the EU. Mr. Kouchouk is currently a board member at the Arab African Investment Bank, Egypt National Academy for Training, and Egypt Air Holding Company. Mr. Kouchouk is a professional economist and policy advisor with more than 18 years of applied experience. He worked as a senior economist for the World Bank from June 2013 to March 2016. He worked as an Economic Advisor to the Minister of Finance and Director of the Macro Fiscal Unit from 2012‐2013 and served as the Executive manager of the Macro Fiscal Policy Unit at the Ministry of Finance from 2007‐2008 and 2010‐2012. He also worked for Egypt Ministries of External Trade and Economy. Mr. Kouchouk earned his master’s degree in public policy from Harvard Kennedy School of Government in 2010 and earned a master degree in economics from York University in the United Kingdom in 2002. He has a B.S, in Economics in 1999 from the American University in Cairo. Mr. Kouchouk is married to Amal El‐Sayed (Banker and executive coach). They have two kids Salma (13 years) and Omar (11 years).

Ministry of Finance, Egypt

Examining the role of DFIs, IFIs, and ECAs pushing forward Africa’s green project pipeline

Tue 6th Oct 2020, 12:30pm (Europe/London)

Examining the role of DFIs, IFIs, and ECAs pushing forward Africa’s green project pipeline

  • What role are banks and DFIs playing in educating the market on cost-effective ways to issue sustainably?
  • How do DFIs, IFIs and ECAs compare on their ESG mandates? What strategies are they using to push forward the green project pipeline?
  • DFIs as a pillar of ESG financing: What metrics are they using to decide whether to enter a project? What is their stance on transition finance?

Moderator

Louise Gardiner

Louise Gardiner

Louise Gardiner

Founder at First Principles

First Principles

Speakers

Banji Fehintola

Banji Fehintola

Banji Fehintola

Corporate Treasurer at Africa Finance Corporation

Banji is Senior Director and Head of Treasury & Financial Institutions at Africa Finance Corporation (AFC). He is responsible for managing the Corporation’s balance sheet with total assets of about US$4.5 billion and leading the implementation of its annual funding program in the international loan and debt capital markets. Banji joined AFC in January 2008 and as the pioneer Treasurer of the Corporation, he was instrumental in setting up the Corporation’s treasury function and leading AFC to becoming one of the leading African credits in the international loan and debt capital markets.

He has led several landmark borrowing transactions that AFC has executed since its inception. He manages AFC’s relationship with its rating agencies, bankers and asset managers. AFC in one of the highest investment grade rated entities in Africa with a credit rating of A3 (Stable Outlook) from Moody’s. Prior to joining AFC, Banji worked with the Fixed Income, Currencies and Commodities team of Citibank Nigeria and the Tax and Business Advisory Division of former Arthur Andersen. He is a Chartered Accountant, with a first degree in Economics and a Masters degree in International Finance. He is also a CFA Charter holder.

Africa Finance Corporation

Banji Fehintola

AFC, an investment grade multilateral finance institution, was established in 2007 with an equity capital base of US$1.1 billion, to be the catalyst for private sector-led infrastructure investment across Africa. With a current balance sheet of approximately US$6.1 billion, AFC is the second highest investment grade rated multilateral financial institution in Africa with an A3/P2 (Stable outlook) rating from Moody’s Investors Service. AFC successfully raised US$1,150 billion (US$650 million and US$500 million) in 2019, US$500 million in 2017 and US$750 million in 2015 through Eurobond issuances; out of its Board-approved US$5 Billion Global Medium-Term Note (MTN) Programme. All Eurobond issues were oversubscribed and attracted investors from Asia, Europe and the USA.

AFC’s investment approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth. AFC invests in high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. To date, the Corporation has invested over US$7.2billion in projects within 32 countries across Africa.

Deepak Dave

Deepak Dave

Deepak Dave

Chief Risk Officer at African Trade Insurance Agency

Deepak filled the newly created Management position of Chief Risk Officer in February 2020. The position is part of ATI’s medium-term strategy to strengthen its overall risk management function.

Deepak brings over 20 years of global experience in banking, capital markets and private finance to the role. He served in senior positions at GE Capital, Export Development Canada and Barclays Investment Bank. Deepak also founded Riverside Advisory, his most recent position, where he provided senior advisory services to Lion’s Head Global Partners for an African Development Bank facility, the Trade & Development bank on business strategy and Adventis Limited on product development. He holds a Bachelors from McGill University and a Masters from the University of London.

African Trade Insurance Agency

Deepak Dave

ATI was founded in 2001 by African States to cover the trade and investment risks of companies doing business in Africa. ATI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. In 2019, ATI closed the year with exposures of USD6.4 billion and continued to post record results for the eighth consecutive year with 132% growth on the net profit over 2018 owing to strong demand for ATI’s insurance solutions from the international financial sector and from African governments. Since inception, ATI has supported USD62 billion worth of investments and trade into Africa. For over a decade, ATI has maintained an ‘A/Stable’ rating for Financial Strength and Counterparty Credit by Standard & Poor’s, and in 2019, ATI obtained an A3/Stable rating from Moody’s.

One size does not fit all: How can African corporates begin incorporating ESG principles into their long-term growth strategy?

Tue 6th Oct 2020, 13:20pm (Europe/London)

One size does not fit all: How can African corporates begin incorporating ESG principles into their long-term growth strategy?

  • Where to start when defining a corporate ESG policy? Understanding how Environmental, Social and Governance principles fit into your existing strategy
  • What tools can corporates use to measure whether existing and new transactions match up to their newly-outlined ESG principles?
  • Understanding green finance as a risk mitigator: How to educate shareholders on the benefits of increased transparency in green reporting
  • Learning best practices from success stories: Which African institutions have already made their first steps on the ESG pathway – what best practices can they share?

Moderator

Megan Morrerira

Megan Morrerira

Investor Relations Manager & ESG Officer

SA Taxi

Megan Morrerira

Megan Morrerira

Investor Relations Manager & ESG Officer at SA Taxi

Megan joined SA Taxi in September 2014. Megan is a CA (SA) and holds a Post Graduate Diploma in Accounting (PGDA) from the University of Cape Town. Prior to her tenure at SA Taxi, Megan was an assistant audit manager at EY, where she completed her articles. At SA Taxi, she has extensive experience as a funding analyst responsible for funder reporting, reporting on securitisation vehicles and company secretarial work. In May 2016, Megan took up the role of the Investor Relations Manager for debt stakeholders, where managing engagements for existing and potential relationships is key. Most recently, Megan has also assumed the role of the ESG Officer for the SA Taxi group.

SA Taxi

Megan Morrerira

Speakers

Wangui Maranga-Okello

Wangui Maranga-Okello

Wangui Maranga-Okello

Head of Corporate Finance at Acorn Holdings, Kenya

Wangui is an experienced financial services professional, having gained over 18 years’ experience as a senior portfolio manager with one of the largest fund management firms in East Africa. Currently with Acorn Holdings Ltd as the Head of Corporate Finance, Wangui oversaw the issuance of Acorn’s 5-year bond in October 2019, raising USD 43 million in what was deemed as a first of many in Kenya:

  • The first Green Bond issued in East Africa
  • The first bond to be rated by one of the top rating agencies in the world, Moody’s
  • The first fully secured and collateralised bond
  • The first project bond
  • The first restricted public offer approved by the Capital Markets Authority
  • The first local currency bond to be subsequently listed both on the Nairobi Securities Exchange and London Stock Exchange

Wangui holds an MBA (Finance) from University of Leicester, Bachelor of Commerce from University of Nairobi, is a qualified accountant with the Association of Chartered Certified Accountants (ACCA) and has a Higher Diploma from the Institute for the Management of Information Systems (IMIS).

Acorn Holdings, Kenya

Sonya Dilova

Sonya Dilova

Director, Emerging Markets Corporates

BMO Global Asset Management

Sonya Dilova

Sonya Dilova

Director, Emerging Markets Corporates at BMO Global Asset Management

Sonya Dilova is a Fund Manager in the Emerging Markets Debt team at BMO GAM, which she joined in 2006. Her primary responsibility is managing global EM corporate funds. Prior to BMO GAM, Sonja worked at Fitch Ratings for four years as well as Société Générale where she worked as an Equity Analyst in the Emerging Markets team. She received her PhD in Eastern European Studies from the University of Birmingham in 2000, following a period spent working at the Bulgarian Foreign Investment Agency.

BMO Global Asset Management

Sunmbo Olatunji

Sunmbo Olatunji

Sunmbo Olatunji

Group Treasurer at Access Bank

Access Bank

Bhulesh Singh

Bhulesh Singh

Head of Shared Value

First Rand Group

Bhulesh Singh

Bhulesh Singh

Head of Shared Value at First Rand Group

First Rand Group

Understanding the spectrum of “green”: What assessment and reporting metrics are available to borrowers and issuers? (presentation)

Tue 6th Oct 2020, 14:30pm (Europe/London)

Understanding the spectrum of “green”: What assessment and reporting metrics are available to borrowers and issuers? (presentation)

  • Fifty shades of green: What does the spectrum of green look like?
  • What methods are most effective in tracking how transactions match up to sustainable finance and ESG metrics?
  • Task Force on Climate-related Financial Disclosures (TCFD) reporting: Why reporting on climate risk is becoming more important
  • How to build in TCFD as part of your business’s wider ESG strategy
  • To what extent can ESG assessment and reporting criteria be standardised across the continent?
  • Does standardisation limit access to sustainable finance for high yield African players?

Speaker

Nneka Chike-Obi

Nneka Chike-Obi

Director, Sustainable Finance

Fitch Ratings

Nneka Chike-Obi

Nneka Chike-Obi

Director, Sustainable Finance at Fitch Ratings

Nneka Chike-Obi is a Director in the ESG Research team based in Hong Kong. She joined Fitch Ratings in April 2020 following eight years’ experience in emerging markets impact investing and private equity, focusing on the natural resources and industrial sectors. She previously worked as a commodities analyst at Barclays Investment Bank and ICAP in London. Nneka holds an MSc in Global Politics from the London School of Economics and a BA in International Relations from Stanford University.

Fitch Ratings

Nneka Chike-Obi

Fitch Ratings is a leading provider of credit ratings, commentary, and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective, and insights we provide help investors to make important credit judgments with confidence.

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

For additional information, please visit fitchratings.com.

LinkedIn Page: www.linkedin.com/company/fitch-ratings

Catalysing Investments to achieve the SDGs

Tue 6th Oct 2020, 15:05pm (Europe/London)

Catalysing Investments to achieve the SDGs

  • The Standards provide rigorous decision-making framework that investors can use to allocate capital
  • The Standards fill the gap between high level principles and reporting
  • The Standards provide assurance to investors that outcomes have occurred

Speaker

Dr. Susan deWitt

Dr. Susan deWitt

UNDP SDG Impact Advisor and Senior Advisor, Bertha Centre for Social Innovation

University of Cape Town

Dr. Susan deWitt

Dr. Susan deWitt

UNDP SDG Impact Advisor and Senior Advisor, Bertha Centre for Social Innovation at University of Cape Town

University of Cape Town

To what extent are “E”, “S” and/or “G” acting as markers to attract more FDI into Africa? What criteria are investors looking at?

Tue 6th Oct 2020, 15:40pm (Europe/London)

To what extent are “E”, “S” and/or “G” acting as markers to attract more FDI into Africa? What criteria are investors looking at?

  • E vs. S. vs G: How much importance are investors placing on each of the three ESG criterion when looking at Africa?
  • What do investors need to see from African borrowers with regards to ESG-compliance to commit to green-based projects?
  • How will investors consider institutions with lower scores and/or nascent ESG frameworks? How does investment appetite vary for green vs. brown?
  • To what extent are African institutions using ESG as a way to attract more FDI into the continent?
  • Understanding impact investing as a tool to increase FDI into Africa: What is the role of impact investing in Africa? And how far along are African funds?
  • What more needs to be done to showcase impact investing as a viable option for institutional investors?

Moderator

Vuyo Ntoi

Vuyo Ntoi

Vuyo Ntoi

Co-Managing Director at African Infrastructure Investment Managers

African Infrastructure Investment Managers

Speakers

Phil Davis

Phil Davis

Phil Davis

Head of ESG at Helios Investment Partners

Phil joined Helios in August 2020 taking responsibility for Helios’s ESG activities across the investment lifecycle. He has 14 years of relevant professional experience, working in over 25 countries around the world. He was previously Head of Sustainability for EMEA at The Carlyle Group. Prior to that, he was an Assistant Director in the Sustainability and Climate Change Consulting team at PwC, and was previously an Environmental Consultant at AMEC Earth & Environmental UK Ltd. Phil holds a BSc in Environmental Management from the University of Birmingham and safety management certification from the Institution of Occupational Safety and Health (IOSH).

Helios Investment Partners

Arvana Singh

Arvana Singh

Principal – Debt Capital Markets

Nedbank

Arvana Singh

Arvana Singh

Principal – Debt Capital Markets at Nedbank

Nedbank

Arvana Singh
Bryn Jones

Bryn Jones

Head of Fixed Income

Rathbone Brothers Plc

Bryn Jones

Bryn Jones

Head of Fixed Income at Rathbone Brothers Plc

Bryn is the Head of Fixed Income for Rathbones, and is lead manager on the Rathbone Ethical Bond Fund, the Rathbone Strategic Bond Fund and manager of institutional mandates. He joined Rathbones in November 2004 from Merrill Lynch, where he managed $2 billion of fixed income assets.

Bryn is a member of the Rathbone Strategic Asset Allocation Committee, Non-Executive Chairman of Rathbones' Fixed Income Committee, and an adviser to the Rathbone Banking Committee. He is a WMA representative for the HMT DMO’s (Her Majesty’s Treasury - Debt Management Office) Gilt market consultation process. He has been a guest speaker at the Euromoney Bond Conference in London, and at the Euromoney Bank Capital Conference in Amsterdam. Bryn appears regularly on CNBC and Bloomberg TV. He also sits on the IA Fixed Income Committee.

Rathbone Brothers Plc

Kome Johnson-Azaura

Kome Johnson-Azaura

Associate Vice President, Investments

Africa Finance Corporation

Kome Johnson-Azaura

Kome Johnson-Azaura

Associate Vice President, Investments at Africa Finance Corporation

Kome is an investment professional at the Africa Finance Corporation, a multilateral development fKome is an investment professional at the Africa Finance Corporation, a multilateral development finance institution established to help address Africa’s infrastructure needs with an investment portfolio of US$4+ billion. Her key knowledge areas include project development and principal investing across the power, heavy industries, telecoms, transport, climate finance, mining, and oil and gas business areas.

A key part of her responsibilities include leading the corporation’s climate finance initiatives as it relates to co-investment opportunities with the US$10 billion Green Climate Fund as well as other sustainable investing programs. She has also significantly contributed to the successful closing of both equity and debt transactions across Africa with a total value of US$4+ billion.

Prior to joining AFC, she worked at Kaizen Venture Partners as an investments and investor relations professional; and at Goldman Sachs in the Securities Division focused on sales strategy.

She holds an undergraduate degree in Civil Engineering (with a Specialization in Architectural Design Engineering) from Stanford University, California, USA and an MBA from INSEAD, Fontainebleau, France.

Africa Finance Corporation

Kome Johnson-Azaura

AFC, an investment grade multilateral finance institution, was established in 2007 with an equity capital base of US$1.1 billion, to be the catalyst for private sector-led infrastructure investment across Africa. With a current balance sheet of approximately US$6.1 billion, AFC is the second highest investment grade rated multilateral financial institution in Africa with an A3/P2 (Stable outlook) rating from Moody’s Investors Service. AFC successfully raised US$1,150 billion (US$650 million and US$500 million) in 2019, US$500 million in 2017 and US$750 million in 2015 through Eurobond issuances; out of its Board-approved US$5 Billion Global Medium-Term Note (MTN) Programme. All Eurobond issues were oversubscribed and attracted investors from Asia, Europe and the USA.

AFC’s investment approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth. AFC invests in high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. To date, the Corporation has invested over US$7.2billion in projects within 32 countries across Africa.

The cost of “G”: What is the real cost to companies when implementing increased governance to align with SDGs?

Tue 6th Oct 2020, 16:30pm (Europe/London)

The cost of “G”: What is the real cost to companies when implementing increased governance to align with SDGs?

  • How can companies adjust governance structures to ensure they better aligns with SDGs goals?
  • What is the cost of implementing increased governance to align potential green transactions with UN guidelines?
  • How can institutions better manage capital structures to integrate the cost of ESG reporting into a long-term business plan? Where are the additional costs coming from?

Moderator

Janine Dow

Janine Dow

Senior Director, Sustainable Finance Department

Fitch Ratings

Janine Dow

Janine Dow

Senior Director, Sustainable Finance Department at Fitch Ratings

Janine Dow is a senior director with Fitch Ratings’ sustainable finance (SUF) team and performs a global financial institutions analytical liaison function.

She joined SUF in May 2020, having spent many years in Fitch's financial institutions division, covering banks in Latin America, Europe, Turkey and Africa. She joined Fitch in 1992.

Prior to joining Fitch, Janine was involved in corporate finance advisory and brokering services to emerging European countries.

Janine earned a degree in history from the University of Sao Paulo, Brazil, and a BA in modern Iberian and Latin American regional studies at Kings College, University of London. She is also fluent in Spanish, Portuguese and French.

Fitch Ratings

Janine Dow

Fitch Ratings is a leading provider of credit ratings, commentary, and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective, and insights we provide help investors to make important credit judgments with confidence.

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

For additional information, please visit fitchratings.com.

LinkedIn Page: www.linkedin.com/company/fitch-ratings

Speakers

Alessia Falsarone

Alessia Falsarone

Managing Director, Head of Sustainable Investing

Pinebridge Investments

Alessia Falsarone

Alessia Falsarone

Managing Director, Head of Sustainable Investing at Pinebridge Investments

Alessia Falsarone is a Managing Director in the Global Fixed Income team at PineBridge Investments in New York, a private, global asset manager focused on active, high-conviction investing. As Head of Sustainable Investing, she brings an integrated portfolio management lens to the investigation of the Environmental, Social and Governance practices of global organizations that access developed credit markets. Previously, Ms. Falsarone served as Vice President of Global Investments in the office of the CIO at Citigroup, responsible for portfolio allocation of strategic co-investments as well as international client advisory. Ms. Falsarone was also a quantitative strategist on Citigroup's institutional desk in San Francisco. She started her career as an investment banker with Credit Suisse. Ms. Falsarone is a Governance Fellow of the National Association of Corporate Directors, a Standards Advisory Group member of the Sustainability Accounting Standards Board (SASB), and a member of the UN PRI Advisory Committee on Credit Risk. Ms. Falsarone is an alumna of Stanford University, the MIT Sloan School of Business and the Bocconi University School of Economics.

Pinebridge Investments

Lisa G. Thomas

Lisa G. Thomas

Lisa G. Thomas

Managing Director at Samata Capital

Samata Capital

Mitch Reznick

Mitch Reznick

Head of Research and Sustainable Fixed Income

Federated Hermes

Mitch Reznick

Mitch Reznick

Head of Research and Sustainable Fixed Income at Federated Hermes

Mitch joined Hermes in February 2010 as Head of Research on the Hermes Credit team before becoming Co-Head of Hermes Credit from 2012 to 2019. In 2019, in addition to his role of Head of Research, he became Head of Sustainable Fixed Income and co-manager of the SDG Engagement High Yield Fund. Prior to this he was Co-Head of Credit Research for the global credit team at Fortis Investments. Other roles at Fortis include portfolio manager of European high yield funds, based in London, and senior credit analyst, based in Paris. Before this he worked as an associate analyst in the leveraged finance group at Moody’s Investors Service in New York. Mitch earned a Master’s degree in International Affairs at Columbia University in New York City and a Bachelor’s degree in History at Pitzer College, one of the Claremont Colleges in California. He is a CFA charterholder; Co-Chair of the Capital Markets Advisory Committee of the IFRS Foundation; founding member of the Executive Committee for the European Leveraged Finance Association; member of the Sovereign Working Group and the Credit Rating Advisory Committee for the PRI; member of the technical Working Group (Communications and Technology) for the US-based Sustainability Accounting Standards Board (SASB); a workstream member of the UK-China Green Finance Task Force; and sits on the Green Finance Advisory of the City of London.

Federated Hermes