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Africa’s energy and social development infrastructure (Healthcare, Education, Housing): Who is investing and what role are financiers & infrastructure companies playing to kick-start these projects?

Broadcast on Nov 25, 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:

  • How do pipelines compare pre and post pandemic? 
  • Which sectors are piquing investor interest? Are governance structures robust enough for investors to want to invest in energy and transport projects?
  • Greenfield vs. brownfield vs. health and educational infrastructure: Which types of projects and which sectors are seeing a renewed appetite for investment?
  • What criteria do DFIs and ECAs focus on when selecting a project for funding? To what extent will they fill the funding and tenor gaps?
  • Multilateral vs. bank funding: How do the funding options for borrowers compare?

Moderator

Christopher Marks

Christopher Marks

Managing Director, Head of Emerging Markets, EMEA

MUFG

Christopher Marks

Christopher Marks

Managing Director, Head of Emerging Markets, EMEA at MUFG

MUFG

Christopher Marks

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 2,700 offices in more than 50 markets. The Group has over 180,000 employees, and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

MUFG aims to be the world’s most trusted financial group through close collaboration among its operating companies, and to respond to all of the financial needs of its clients, serving society, and fostering shared and sustainable growth for a better world.

Please visit our website for more information - mufgemea.com.

LinkedIn Page: https://www.linkedin.com/compa...

Twitter Page: @MUFGEMEA

Speakers

Palesa Ryan

Palesa Ryan

Head of Origination and Coverage for the Social, Health and Education

Development Bank of Southern Africa

Palesa Ryan

Palesa Ryan

Head of Origination and Coverage for the Social, Health and Education at Development Bank of Southern Africa

Palesa Ryan is the Head of Origination and Coverage for the Social, Health and Education sectors at the Development Bank of Southern Africa (DBSA). She has more than 16 years of experience in the financial services industry; spanning across South Africa’s big four banks as well as the key DFIs including the IDC and the Land Bank of South Africa. Her work experience includes Credit, Workout and Restructuring, Coverage (Relationship Management) and Private Equity.

Prior to joining DBSA, Palesa managed the Workout and Restructuring Business Unit at Land Bank, which led the turnaround of the bank’s non-performing loan book in the agricultural sector. During her tenure, she also

sat on numerous committees as either a voting or an alternate member on Credit, Pricing and Asset and Liability Management Committee (“ALCO”) for the Land Bank. She has also served as the Vice President and Head of Non-Bank Financial Institutions (“NBFI”) for ABSA Group Limited.  In this role, she managed a budget in excess of R 330m across Ghana, Kenya, Tanzania, Zambia, Uganda, Botswana, Mauritius, Mozambique and Seychelles. 

Palesa holds a Bachelor of Commerce Degree in Management Accounting and Finance from the University of Witwatersrand, as well as a Diploma (cum laude) in Insolvency Law & Practice from the University of Johannesburg. In October 2020, she qualified as a PPP Professional under the Nepad Business Foundations CP3P Certification Programme.

Outside of work and academia, Palesa has contributed insightful business and development news from around the continent to the Continent and South Africa’s business media including CNBC Africa, Power FM and Radio 702. Palesa is currently serving as the Co-Chair of the Human Settlements Technical Working Group under the Presidency as part of the Inaugural Sustainable Infrastructure Development Symposium. The mother to twin boys, she is recognized as an astute public speaker and Master of Ceremonies, having hosted key international events such as the African Presidential Leadership Conference in 2017.

Development Bank of Southern Africa

Palesa Ryan

The Development Bank of Southern Africa (DBSA) is a leading development finance institution (DFI) in Africa. Established in 1983, the DBSA participates across the entire infrastructure value chain and provides planning, project preparation, financing, and implementation support for economic and social infrastructure in South Africa, SADC and the rest of the African Continent. The institution’s mission is to improve people’s lives, boost economic growth and promote regional integration through infrastructure development. For more information, visit www.dbsa.org

Bhavtik Vallabhjee

Bhavtik Vallabhjee

Head - Power, Utilities & Infrastructure

Absa

Bhavtik Vallabhjee

Bhavtik Vallabhjee

Head - Power, Utilities & Infrastructure at Absa

Bhavtik C. Vallabhjee has over 25 years of Corporate & Merchant Banking experience in South Africa, the Middle East & Europe. He has been engaged in structuring major project finance transactions in sectors such as power (incl. Renewable Energy), water, oil & gas, telecoms, transportation, healthcare & industrial projects. He has worked on several deals in the Middle East and a number of African countries. He has been involved in executing transactions with an aggregate value in excess of US$23bn in his career. He spent 5 years in the Middle East at the height of its infrastructure spending boom where he was a Project Finance banker there. Since 2010, he has been intrinsically involved in the power programs in Africa (Renewables, coal baseload, Emergency Power, etc.), and was part of the teams that successfully closed >25 projects with significant debt underwrites. He is currently Head of Absa Corporate & Investment Banking Power, Utilities & Infrastructure team and works across conventional & renewable power technologies in Africa. He is based in London.

He is a qualified Chartered Management Accountant (UK), has an MBA in Finance from Stellenbosch Business School in Cape Town, South Africa, two Honours and a Bachelors degree in Accountancy & Finance.

Absa

Bhavtik Vallabhjee

Absa Group Limited (‘Absa Group’) is listed on the Johannesburg Stock Exchange and is the parent company of one of Africa’s largest diversified financial services groups.

Absa Group, through its worldwide affiliates and subsidiaries (collectively referred to as “The Group”), offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.

The Group has a presence in 12 countries in Africa, with approximately 42 000 employees.

The Group’s registered head office is in Johannesburg, South Africa, and it owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa (Absa Bank Limited), Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The Group also has representative offices in Namibia, Nigeria, London and New York as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.

For further information about Absa Group Limited, please visit: www.absa.africa

LinkedIn Page: https://www.linkedin.com/compa...

Farid Fezoua

Farid Fezoua

President and Chief Executive Officer

General Electric Africa

Farid Fezoua

Farid Fezoua

President and Chief Executive Officer at General Electric Africa

Farid Fezoua is the President & CEO, GE Africa - leading GE’s operations in Sub-Saharan Africa across all GE businesses including Healthcare, Power, Aviation, Transportation and Oil & Gas. He was appointed to this role in October 2018 as an expansion of his responsibility as President & CEO for GE Healthcare in Africa and a Vice President of the GE Company. In June 2019 Farid was named as Co-chair of the U.S. President’s Advisory Council on Doing Business in Africa (PAC-DBIA).

Over the last 8 years in his role as President & CEO for GE Healthcare in Africa, Farid has been leading GE Healthcare’s business growth while developing sustainable healthcare offerings and partnerships with public and private health providers to address the continent’s biggest health priorities. Focused on addressing the need for larger access to affordable and quality healthcare, Farid also leads the development of major large-scale modernisation programs and public and private sector project development for GE’s Healthcare business across Africa.

Joining GE in 2003 in France, Farid led customer & project financing efforts for GE Healthcare’s Middle East, Africa and Turkey Region. In 2005, Farid was appointed Regional Executive for GE Capital Markets Corporate, leading customer and project finance for all GE businesses in the Middle East, Africa, Turkey & Pakistan based in Dubai.

With a career spanning almost 28 years, Farid has covered various geographies including the Middle East, Africa, Europe, Eastern Europe and Russia. He has extensive experience in the financing of trade and investment flows across the Middle East, Africa and Europe, and a deep knowledge of trade and export /project finance practices together with a large portfolio of banking and institutional relations in the region. He has developed a strong track record of infrastructure project development & financing in the field of power, transportation & healthcare as well as business operations & management.

Prior to joining GE, Farid held several senior positions in the international banking sector specialising in Export and Trade Finance, Correspondent Banking and Institutional Relations. He started his banking career at BCEN-Eurobank, Paris (subsidiary of the Russian foreign trade Bank). He then went on to serve as Deputy Head of Commodity and Trade Finance at B.A.I.I. (Banque Arabe et Internationale d'Investissement, a subsidiary of BNP specialized in trade and investment in the MENA region) and prior to joining GE, was appointed Assistant General Manager & Head of Correspondent Banking and Trade Finance at the Arab Banking Corporation, Paris Branch.

Farid graduated with a degree in International Relations from the Université de La Sorbonne in Paris and speaks fluent French, English, Arabic and Russian.

Farid is based in Johannesburg with his wife and two children.

General Electric Africa

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

Raghav Gandhi

Raghav Gandhi

Chief Investment Officer

Acorn Holdings Limited

Raghav Gandhi

Raghav Gandhi

Chief Investment Officer at Acorn Holdings Limited

Raghav is an experienced real-estate professional with a proven track record of delivering results globally across asset classes. He has jointly led the growth of a major commercial real estate start-up venture in India and headed the development of projects across the MENA region for a major real estate developer in Kuwait, where he was also responsible for optimising returns from a number of underperforming investments. He subsequently established his own consulting practice, which advised GCC families and corporates on real estate transactions and projects in the UK and the Middle East.


Raghav joined Acorn in February 2020 as a consultant for the implementation of the Acorn REITs. He worked closely with the Corporate Finance and Corporate Affairs/Legal teams, as well as with transaction advisors, service providers and investors. Effective 1st November 2020, Raghav was appointed as Chief Investment Officer – AHL / Managing Director – AIML.

Raghav holds an MBA from The Wharton School, University of Pennsylvania and a Bachelor of Sciences in Economics from the London School of Economics.

Acorn Holdings Limited

Alastair Herbertson

Alastair Herbertson

Alastair Herbertson

Director at Emerging Africa Infrastructure Fund

Emerging Africa Infrastructure Fund

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