Call us on
+44 (0) 207 045 0920

Green, blue and sustainable: What are the markets conditions that will allow an ESG related bond market to develop in Africa?

Broadcast on Jun 15, 2021 from Livestream: ESG & Capital Markets Africa 2021 - Virtual

Gold Sponsor

Absa

Silver Sponsor

KPMG

Silver Sponsor

Nedbank

Silver Sponsor

Proparco

Silver Sponsor

Standard Bank

Bronze Sponsor

Fitch Ratings

Bronze Sponsor

Moody's Investors Service

Bronze Sponsor

Rand Merchant Bank (RMB)

Bronze Sponsor

S&P Global Market Intelligence

Investor Partner

Emerging Markets Investors Alliance

Subscribe for access:

  • Pricing, tenor and a diversity of instruments: How do these factors stack up when looking at issuing sustainably? To what extent do more instruments mean more issuances (and therefore a deeper bond market)?
  • Bringing ‘S’ to the fore: To what extent has and will an increase in social bond issuances aid the recovery from COVID-19 across Africa?
  • Exploring the role of the development finance community: What role are DFIs, IFIs and ECAs playing in supporting the market to issue sustainably and in a cost-effective manner?
  • What more could FIs be doing to aid and deepen the bond market in Africa?
Africa

Moderator

Arvana Singh

Arvana Singh

Head: Sustainable Finance Solutions

Nedbank

Arvana Singh

Arvana Singh

Head: Sustainable Finance Solutions at Nedbank

Arvana has over 10 years of investment banking experience and holds an in depth understanding of credit risk, capital markets and sustainability finance principles. Arvana formulated a market leading sustainability framework for Nedbank and structured and issued South Africa’s inaugural green renewable energy bonds and subsequent Tier 2 green capital instruments. The green renewable energy bond instruments were endorsed by international and global investors and achieved the African Banker Energy Deal of the Year Award and the Impact Initiative of the Year Award for Africa from Environmental Finance. Arvana has also led the development of climate related USD loan mechanisms in conjunction with DFIs. She has completed the Sustainability Practitioners Programme with the University of Cambridge, is a CFA Charterholder and holds a Bachelor of Business Science Degree. Arvana is a contributor to the National Sustainable Finance Working Group in South Africa and is leading the sustainable finance solutions business at Nedbank.

Nedbank

Arvana Singh

Speakers

Nneka Chike-Obi

Nneka Chike-Obi

Director, ESG Research, Sustainable Finance

Fitch Ratings

Nneka Chike-Obi

Nneka Chike-Obi

Director, ESG Research, Sustainable Finance at Fitch Ratings

Nneka Chike-Obi joined Fitch Ratings in the ESG Research team in 2020. She is based in Hong Kong and covers thematic ESG topics with a particular interest in emerging markets, agriculture, and natural resources.

Before joining Fitch, Nneka worked in emerging markets’ impact investing and private equity at Acorus Capital (2015-2020) in Hong Kong and AgDevCo (2012-2015) in London, focusing on the natural resources and industrial sectors. She previously worked as a commodities analyst at ICAP (2010-2012) and Barclays Investment Bank (2007-2009).

Nneka has an M.Sc. from The London School of Economics and a B.A. 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

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

Siby Diabira

Siby Diabira

Regional Director for Southern Africa and Indian Ocean

Proparco

Siby Diabira

Siby Diabira

Regional Director for Southern Africa and Indian Ocean at Proparco

Mrs. Siby Diabira serves as Regional Director for Southern Africa and Indian Ocean based in Johannesburg at PROPARCO. Mrs. DIABIRA previously worked with PROPARCO in Paris as a Senior Investment Officer within the Private Equity Division handling various equity transactions across various regions in Africa, Latin America and Asia. Before Joining PROPARCO, Mrs. Diabira worked for 8 years at BNP PARIBAS dealing with Structured Finance (Buy-out, Capita expansion) and Credit Analysis in France. She started her career as Auditor with PWC. Mrs Diabira holds a Master s Degree in Financing Engineering from Sorbonne University and a Certificate of Business management from University California of San Diego.

Proparco

Siby Diabira

About Proparco

Proparco is the private sector financing arm of Agence Française de Développement Group (AFD Group). It has been promoting sustainable economic, social and environmental development for over 40 years. Proparco provides funding and support to both businesses and financial institutions in Africa, Asia, Latin America and the Middle-East. Its action focuses on the key development sectors: infrastructure, mainly for renewable energies, agribusiness, financial institutions, health and education.

Its operations aim to strengthen the contribution of private players to the achievement of the Sustainable Development Goals (SDGs) adopted by the international community in 2015. To this end, Proparco finances companies, whose activity contributes to creating jobs and decent incomes, providing essential goods and services and combating climate change.

For a World in Common.

For further information: www.proparco.fr/en and @Proparco

Courtney Lowrance

Courtney Lowrance

Managing Director, Sustainability and Corporate Transitions

Citi

Courtney Lowrance

Courtney Lowrance

Managing Director, Sustainability and Corporate Transitions at Citi

Courtney Lowrance leads Citi’s Sustainability and Corporate Transitions team for Europe, Middle East, and Africa. The team provides in-house environmental and social expertise for clients, and supports the bank in sustainable finance and product innovation. She has 20 years of experience in sustainable finance, including a previous role as the global head of Citi’s Environmental and Social Risk Management (ESRM) group. In this capacity, she served as a technical resource for clients in improving their environmental and social management systems. Recently, Courtney spent two years in Beijing as the Principal Environment Specialist for the Asian Infrastructure Investment Bank (AIIB). In this capacity, she oversaw AIIB’s ESG strategy and helped develop the Bank’s first ESG enhanced fixed income fund focused on emerging markets in Asia.

Citi

Courtney Lowrance
Banji Fehintola

Banji Fehintola

Senior Director, Head of Treasury & Financial Institutions

Africa Finance Corporation

Banji Fehintola

Banji Fehintola

Senior Director, Head of Treasury & Financial Institutions 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.