Executive Summary

Over the last decade, the full impact of the fault lines in development finance’s ecosystem is becoming evident to all, narrowly in the financial industries and widely in the beneficial industries it sets out to empower. This is mainly due to the increase in the growth levels of developing countries, and an attenuating, though contrary increased level of poverty. The conclusion is obvious; Growth has not been as inclusive as Development Finance institutions would have wanted.

While returns are narrowly defined as financial for most commercial ventures, as championed mostly by commercial banks, Development Financial institutions offers a breather, in measuring returns in more social terms and far reaching indices that helps to make the growth levels of developing economies more inclusive.

As relieving as that might sound, the reality paints a completely different picture. The panacea to the mess is struggling to make its needed impact. Hence, the need for a value driven sourcing, structuring and effective management of financing instruments provided by these institutions has become a major priority for multilateral agencies, recipient countries and developed economy’s development agencies, leading to an increased need for a rigorous and structured approach to understanding, identifying, measuring, mitigating and monitoring operational developmental financing.

To resolve these requirements, CNBC Africa and Development Finance Summit (DFS) have come together for a collaboration to integrate the ecosystem of principal actors within Infrastructure, Trade, and Project finance world.

The summit will bring together selected Entrepreneurs, Commercial Banks executives, Fund managers, Institutional investors, Policymakers, Multilateral organizations and Development Finance institutions to discuss proposals for helping investments funds and loans reach the ‘last mile’.

In addition the conference will seek to provide input into the performance measurement models of the various development finance institutions with focus on Africa.

About Us

DFS Africa was conceived by Banks & Oakfield and Quill Partners, a team of privately owned Financial Advisory firms solely focused on leveraging foreign and local finance (trade, development, corporate and project) to facilitate investment in Africa.

CNBC Africa is a television network that provides extensive and dedicated coverage on African business, finance, and politics. The CNBC Africa network covers the continent in the North, East, South and West, providing the balance of regional headlines and local stories.

Banks & Oakfield and Quill Partners are a nexus of Political will facilitators, Deal Originators, Deal Structurers, Financial Modelers and Financial Analysts possessing deep global and local strategic partnerships required to deliver national developmental goals across Africa and most OECD countries. We strive to get that critical sweet spot between economic viability, social impact and political goodwill, via strategic partnerships and an unbridled desire for local content empowerment.

Our joint venture is involved in the whole value chain of modern global developmental initiatives; from strategic advice and consultancy on government policies, to vetting and agreeing with foreign technical partners (if needed) to forming local companies that would ensure knowledge transfer.

Our principals have a combined 50+ years experience of advising National Governments and Global Multinational Corporations in delivering Socio-economic and sustainable benefits across sectors such as, Agriculture, Extractives and Renewable Energy.

Both CNBC Africa and DFS are working in unison for the summit. The summit’s key objective is to facilitate a pan-African conversation that will help create a funnel to attract investments and development finance into Africa.

We intend to reach out to the real sector of the economy for a more robust and inclusive growth. Essentially helping to create jobs making a lasting difference to people's lives.

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CONFERENCE PAPERS

Papers accepted for presentation will comprise original work not previously published.
Interested experts who would like to present relevant papers should contact the organizing team by e-mail - info@developmentfinancesummit.com

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Conference Format

The Development Finance Summit 2017 (DFS 2017) will offer a unique avenue for project developers, policymakers, and development finance practitioners from Nigeria and around the world to discuss and build knowledge on financing infrastructure projects in Nigeria and Africa at large.

The sessions would focus on tracking progress on performance, identifying gaps, challenges, and emerging issues within the infrastructure finance and development world, as well as recommending timely corrective policy actions in the priority areas.

By providing up-to- date information, undertaking comparative analyses, and discussing success stories and lessons learned, the DFS 2017 would make a strategic contribution to Africa’s sustainable growth process.

The Conference will comprise two plenary sessions, which will feature presentations and discussions by prominent policy makers, project developers, investors, bankers, policy makers, private sector actors, representatives from multilaterals, and infrastructure development organizations.

The breakout sessions will allow for more in-depth and technical analyses of salient issues related to the thematic focus of the Conference such as:

  • Importance of Infrastructure development to sustainable growth
  • How efficient infrastructure financing leads to inclusive growth
  • How small and medium infrastructure project can raise finance from DFIs
  • Posturing for success – creating funnels for development finance
  • Case studies of transactions and successful SPVs accessing finance
  • Role of DFIs in infrastructure financing
  • Risk, Assets, and Liability Management in Development Finance



The Deal Room – As part of DFS 2017, we have put together a ‘Deal Room’ where pre–qualified businesses and entrepreneurs can pitch their businesses to selected Africa focused institutional investors that have indicated an interest in providing financing (via equity and/or debt) to specific businesses/sectors.

The ‘Deal Room’ will connect institutional investors, investment companies and private equity funds to vetted, relevant and development focused high growth businesses in Africa. The event offers the opportunity for both investors and businesses to ‘cut through the clutter’ in finding relevant and strategic partners to work with.

If you think your organization will benefit from participating in the Deal Room either as an investor or as a business or project sponsor, please send an e-mail to kayode@developmentfinancesummit.com for more details.

Conference Partners

Investors





   

Call For Papers

The importance of developmental finance in emerging markets cannot be overemphasised. Quantifying needs is a difficult and almost impossible, but the Intergovernmental Committee of Experts on Sustainable Development Financing estimates that the cost of a global safety net to eradicate extreme poverty in all countries is about $66 billion annually and that annual investment requirements in infrastructure—water, agriculture, telecoms, power, transport, buildings, industrial and forestry sectors, etc.—amount to $5 trillion to $7 trillion globally.

The need for credit for small and medium enterprises has been estimated to be up to $2.5 trillion in developing countries (United Nations 2014a). There are also large financing needs for the provision of global public goods to make investments “climate-compatible.” Although data on financing needs specific to African countries are not readily available, it is clear that they are disproportionately large relative to the size of their economies, especially for land- locked as well as post-conflict countries.

Current models of financing infrastructure projects in developing countries focus on two complementary questions:

(1) What infrastructure asset contributes the most to real growth sectors (2) How do we attract the finance for these investments.


Domestic capital is not sufficient to finance large scale infrastructure projects; thus strengthening tax systems, expanding domestic tax bases, and enhancing local financial markets, should continue to be a top priority for African governments. Yet, domestic revenues are only part of the solution and cannot provide all the necessary capital for meeting the SDGs. Official development assistance, private capital flows (foreign direct investment, portfolio, and loan flows), remittances and other forms of external flows will also be essential as a complement to domestic financing.

The volatility and short-term nature of external capital flows present major financing risks to African countries. However, these risks can be mitigated efficiently by prioritizing more stable and long-term finance from sovereign wealth funds, private companies, and development finance institutions. The key objective of our inaugural Development Finance Summit is to facilitate conversations that will help create a funnel for development finance, which reaches out to the real sector of the economy for a more robust and inclusive growth.

The purpose of this summit is to initiate thought provoking discussions and conversations about financing projects that leads to robust and inclusive growth. With the help of quality research papers centred on the key conversation drivers such as; what African countries should do in concrete policy terms to drive increase in private public-partnerships, what are the key infrastructure assets that will stimulate key growth sectors and how much capital is required to achieve inclusive growth.

We believe a good starting point is to address infrastructure bottlenecks as well as institutional and regulatory constraints, improved access to capital and availability of deal pipelines in the key growth sectors.

The conference will focus on infrastructure development and how public goods stimulate growth.

The breakout sessions will allow for further in-depth discussions of significant issues arising from the Conference, allowing for deeper and more technical analyses. The themes suggested below will make it possible to undertake a broad range of discussions on the current state of Africa’s integration, and generate valuable insights for improved policy making. The following areas will be covered:

1.) The African Financial Market: Players, Models, and Products
2.) A comparative analysis of the African Financial Market: with specific focus on Nigeria, Kenya, Ethiopia, Mozambique, Ghana, and South Africa in comparison with other emerging markets such as, Brazil/Argentina, Malaysia/Indonesia and China.
3.) Transaction analysis in Africa; foreign flow, DFI flow, Aggregators, and local participants
4.) Case studies and sample transactions in Africa

Accepted papers will comprise original work not previously published. Young African researchers are especially encouraged to submit their papers. This will provide young African researchers the opportunity to share their work with a broader audience, with a view to extending their network, which is crucial for their future career. A few of the accepted papers will be presented at the various breakout sessions at the conference. All entries must be submitted by 20th June, 2017.

Authors should submit full papers in Microsoft Word or PDF format to info@developmentfinancesummit.com

Contact Details

For general enquiries, please contact us by:
E-mail: info@developmentfinancesummit.com

Telephone
UK: +44-7850131080 / +44 7931898558
US: +1-803-207-0204
Nigeria: +234-8023094979

Event Location
Eko Hotel & Suites Lagos, Nigeria Dates
July 27, 2017