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Supporting pre-COVID activity and easing the downturn: How are DFIs, ECAs and commercial banks working alongside each other to ease the financial impact of the pandemic on the continent?

Broadcast on Nov 24, 2020 from Livestream: Bonds, Loans & Sukuk Africa 2020 - Virtual Conference

Strategic Partner

National Treasury, Republic of South Africa

Platinum Sponsor

Absa

Platinum Sponsor

Africa Finance Corporation

Platinum Sponsor

Standard Bank

Gold Sponsor

African Export-Import Bank (Afrexim)

Gold Sponsor

MUFG

Gold Sponsor

SMBC

WAEMU Sponsor

Agence UMOA-Titres

Silver Sponsor

Development Bank of Southern Africa

Silver Sponsor

Emirates NBD

Silver Sponsor

Rand Merchant Bank (RMB)

Bronze Sponsor

African Trade Insurance Agency

Bronze Sponsor

Fitch Ratings

Bronze Sponsor

GCR Ratings

Bronze Sponsor

KFW DEG

Subscribe for access:

  • With IMF and World Bank support on the table, are DFIs seeing a slow-down in appetite for syndications from some clients? How are they adjusting to this?
  • How is the relationship between DFIs and commercial banks changing with DFIs taking on an increased role in club deals?
  • Where do commercial banks see opportunities post-pandemic?

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

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.

Miranda Abraham

Miranda Abraham

Miranda Abraham

Loan Syndications Africa at Rand Merchant Bank (RMB)

Miranda has worked across Loan Syndications and Debt Capital Markets for over 20 years, having started her career in the Corporate & Investment Banking team at RBS in 1999. Miranda worked at RBS for 5 years, before joining Barclays Capital (the Investment Banking Division of Barclays) in 2004 and working in the Loan Syndications team there until 2016, when she moved to the Financial Conduct Authority. At the FCA, Miranda was responsible for approving companies for listing on the London Stock Exchange and advising investment bankers on technical corporate finance issues. In January 2019, Miranda moved to her current role of Loan Syndications for Africa, at Rand Merchant Bank, the Investment Banking division of First Rand Group.

Rand Merchant Bank (RMB)

Miranda Abraham

RMB at a glance

Rand Merchant Bank (RMB) is a leading African Corporate and Investment Bank and part of one of the largest financial services groups (by market capitalisation) in Africa – FirstRand Bank Limited. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.

At RMB we are passionate about solving problems for our clients by seeking solutions beyond the obvious. We are innovative in our thinking and turn challenges into opportunities. We call ourselves Solutionist Thinkers who deliver on Traditional values. Innovative ideas.

Our ability to think differently, our collaborative spirit, our client-centric approach and our belief that great minds don’t always have to think alike, is what sets us apart from our competitors. The emerging and necessary focus on ESG as a tool for capital allocation will lead to more effective and efficient capital markets when principles are adopted by stakeholders. RMB continues to embed ESG principles into our frameworks so that we can deliver relevant solutions that are valued by our clients in the markets in which we operate.

As the Corporate and Investment arm of FirstRand Bank Limited (which is wholly-owned by FirstRand Limited), we have access to a network of retail banks in 25 African countries, including representative offices and branches in the UK, India and China.

For more information please visit: www.rmb.co.za

Michael Fischer

Michael Fischer

Director - Financial Institutions Africa

KFW DEG

Michael Fischer

Michael Fischer

Director - Financial Institutions Africa at KFW DEG

Michael has more than 25 years’ experience in international finance ranging from project finance to private equity. During this period, he has been involved in more than 150 finance transactions on the African continent alone.

In 2000 Michael joint DEG - German Investment and Development Company as Vice President New Business Africa. In this position he was responsible for DEG's new business in predominantly East Africa. In addition, he was DEG's key account manager for the company's telecom projects. Before joining DEG in Germany, Michael worked for over 8 years at Dresdner Bank Group in Germany and Southern Africa, predominantly in credit and corporate banking.

Between 2004 and 2018, Michael has been heading DEG’s regional Office in South Africa in Johannesburg. Since May 2018, he has been the Director of the Department Financial Institutions Africa which has branches in Cologne, Johannesburg, Nairobi, Lagos and Abidjan.

Michael holds an engineering and business administration degree from Karlsruhe Technical University, Germany. Over the years he has hold various directorships of African companies and advisory board seats of various private equity funds. Michael is currently a director of Global Credit Ratings and Beefmaster (Pty) Ltd.

KFW DEG

Michael Fischer

DEG: More than finance

For almost 60 years DEG has been a reliable partner to private-sector enterprises operating in developing and emerging-market countries. We provide our customers with tailor-made solutions, including financing, promotional programmes and advice tailored to individual needs. They can thus develop successfully and sustainably, while generating local added value and creating qualified jobs. With our portfolio of around EUR 9 billion in over 80 countries we’re one of the world’s largest private-sector development financiers.

www.deginvest.de/en

Tusekile Kibonde

Tusekile Kibonde

Resident Underwriter, Tanzania

African Trade Insurance Agency

Tusekile Kibonde

Tusekile Kibonde

Resident Underwriter, Tanzania at African Trade Insurance Agency

Ms. Kibonde joined ATI in 2013 as the underwriter responsible for Tanzania. She is in charge of developing business and underwriting political and trade credit risk policies in Tanzaniaas well as non-member countries such as Mozambique. Her responsibilities also include liaising and strengthening the relationship with the government of Tanzania. In addition, she isa specialist inSurety Bonds and she manages energy sector transactions in all ATI markets. Prior to joining ATI, Ms. Kibonde held13 years of banking industry experience having worked for the East African Development Bank (EADB), as aSenior Investment Officer. She oversaw multi-million dollar projects in multiple sectors throughout the region.At a different capacity, Ms. Kibonde is also a Non-Executive Director of Access BankTanzania Ltd since 2019. Ms. Kibonde is a national of Tanzania and holds a Master of Arts Degree in Accounting & Financial Management from the University of Essex in the United Kingdom and a Bachelor of Arts Degree in Business Administration from Richmond College in the United Kingdom.

African Trade Insurance Agency

Tusekile Kibonde

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.

Steven Gray

Steven Gray

Country Manager - West Africa

UK Export Finance

Steven Gray

Steven Gray

Country Manager - West Africa at UK Export Finance

Steven, based in Ghana, is an accomplished senior manager, seasoned in 30+ years of demanding multinational roles spanning challenging societal and economic environments across Africa and the Middle East within the trading, logistics, construction, infrastructure and mining sectors.

As UK Export Finance representative in West Africa Steven is responsible for originating a pipeline of new opportunities across the West African sub-region.
Steven has held a number of non governmental organisation board positions, including Vice Chairman of the UK Ghana Chamber of Commerce, UK, 2016–Present; as the Governing Board Member of the Western Regional Coastal Foundation, Ghana, 2015–2017; and as Board Member of Invest In Africa, Ghana, 2013–2016. Mr Gray has a MBA from Heriot Watt University; and has completed an Executive Leadership Program on Oil, Gas and Mining Governance from the University of Oxford, The Blavatnik School of Government.

UK Export Finance

Steven Gray

Strategic Partner

National Treasury, Republic of South Africa

Platinum Sponsors

Absa Africa Finance Corporation Standard Bank

Gold Sponsors

African Export-Import Bank (Afrexim) MUFG SMBC

WAEMU Sponsor

Agence UMOA-Titres

Silver Sponsors

Development Bank of Southern Africa Emirates NBD Rand Merchant Bank (RMB)

Bronze Sponsors

African Trade Insurance Agency Fitch Ratings GCR Ratings KFW DEG