To give participants a practical understanding of the dynamics and mechanics of infrastructure project finance;
Understanding and the application of infrastructure project finance in the financing of infrastructure projects in Africa
February 15, 2023 @ 8:00 am - February 17, 2023 @ 5:00 pm
Increasing population combined with urbanization has put many governments in Africa under intense pressure to maintain and build new infrastructure. Unfortunately, dwindling tax revenues coupled with the limited fiscal headroom available for the governments to borrow has made it difficult for governments to deliver quality and affordable infrastructure for its citizens.
Consequently, many governments are currently seeking alternative mechanisms to address the widening infrastructure financing gap. The Public-Private Partnership (PPP) model has been proposed as the immediate solution to this challenge. Unfortunately, the progress made so far with regards to the financing and delivery of projects through the model has not been impressive. This is partly because the local financial market is hesitant to directly lend to public infrastructure projects, partly in view of the perceived risks of infrastructure projects and partly because of the long- term nature of lending. Players in the local financial market decry the risky and most often complex nature of public infrastructure projects.
International evidence shows that, in order to achieve optimal returns, the financing of infrastructure PPP projects needs to be structured using the project finance model. Unfortunately, few public sector officials have a good and practical understanding of the model: they thus fail to originate and structure projects that spark the interest of the private sector. On the other hand, private sector players avoid directing funds into such projects due to their limited knowledge of project finance.
The three-day action-based training is aimed at unpacking the mechanics and dynamics of infrastructure project finance and how government working with the private sector can structure their projects so as to unlock more financing for Africa’s infrastructure needs.
Using a real and local project, to help participants understand how to sculpt optimal debt size and structure for a project;
To explore some of the challenges of project finance and to propose solutions that could help unlock more local finance for infrastructure projects;
To help participants understand how to apply the project finance model in the financing of infrastructure PPP projects in Africa;
To help public sector officials understand how to structure projects that resonate with the limitations and challenges of the local financial market;
To help public sector officials understand how to structure projects that meet the debt service coverage, return and other requirements of the private sector;
Using a real and live project, to explore qualitative risk analysis in infrastructure projects and how its efficient allocation and management impacts on the financing of projects;
To discuss with public sector officials how the performance management framework adopted for infrastructure PPP projects impacts on the financing of projects;
To enhance the capacity of private sector players in the analysis and evaluation of infrastructure PPP projects;
Public officials at the national and devolved governments in Africa;
PPP Units and associations;
Credit committee officials of commercial banks and savings and credit cooperatives;
Trustees and senior officials of pension funds;
Construction firms
Legal and engineering consultancy firms;
Regulators;
Legal and engineering consultancy firms.
Academia;
Investment firms.
Kshs.135,500 and USD. 1,355 for Kenyan and foreign delegates respectively (in-person attendance)
The rate is inclusive of VAT and attendance to a networking cocktail on the last day of the training. The rate does not include accommodation and other transport costs. The rates are discounted for group registration as indicated below:
| Number of participants | Discount | Kenyan delegate in in Kshs. | Foreign delegates in USD |
|---|---|---|---|
| 1 participant | 0% | 135,500 | 1,355 |
| 2 – 5 participants | 5% | 128,725 | 1,287 |
| 6 – 10 participants | 8% | 124,660 | 1,247 |
| > 10 participants | 10% | 121,950 | 1,220 |
The training fully covers for the training costs and meals during the training. Participants who successfully complete the training will be awarded with certificates and included in the database for potential involvement in subsequent programs.
Participants who attend the training physically will cover for their transport and accommodation expenses.