The Market for Infrastructure Finance A Navigational Aide

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "The Market for Infrastructure Finance A Navigational Aide"

Transcription

1 The Market for Infrastructure Finance A Navigational Aide Jan Martin Witte, KfW Office Kampala Presentation at East African Power Industry Convention 31 August 2010, Nairobi

2 60 years of KfW Financing with a public mission Promotional bank of the Federal Republic of Germany Founded in 1948 as Kreditanstalt für Wiederaufbau Shareholders: 80% Federal Republic, 20% federal states Headquarters: Frankfurt am Main Around 60 offices worldwide Balance sheet total at end-2008: EUR 395 billion Around 4,200 employees (2008) Best rating: AAA/Aaa/AAA 2

3 Financial Cooperation with Developing Countries KfW Entwicklungsbank and DEG Target group Governments and state institutions in developing countries (Entwicklungsbank) Private sector (DEG) Task KfW Entwicklungsbank finances (infrastructure) investments and accompanying advisory services in developing countries Objectives To sustainably improve the economic and social conditions of the people in developing countries To reduce poverty To protect the natural resources To secure peace worldwide 3

4 Highlights KfW Infrastructure Portfolio Country: Uganda Project: HPP Bujagali (250MW) Client: Bujagali Energy Limited Key Metrics Largest hydropower IPP in SSA Total investment volume: US$ 870 Mio. Will increase Uganda s installed generation capacity by almost 50% Commissioning in April 2012 KfW/ DEG debt of US$15 Mio./ US$ 30 Mio. Additional financing of training programs 4

5 Highlights KfW Infrastructure Portfolio Country: Kenya Project: HPP Kindaruma Client: KenGen Key Metrics Rehabilitation and extension of existing plant to 75MW Total investment volume: US$55 Mio. Construction to start in 2010 KfW debt of US$37,5 Mio. 5

6 Highlights KfW Infrastructure Portfolio Country: Uganda Project: West Nile Electrification Client: WENRECO/ GoU Key Metrics Private concessionaire for island network in rural area of Uganda Total investment volume: US$50 Mio. 2 small hydro plants and refurbishment of transmission + distribution system KfW grant (Government of Germany) of US$ 30 Mio. 6

7 Agenda The Challenge: Africa s Infrastructure Finance Gap Where s the Money? Sources of Infrastructure Finance The role of DFIs in Infrastructure Finance After the Credit Crunch: Perceived or Real Risks? 7

8 The Challenge: Africa s Infrastructure Finance Gap Africa is starved of power Generation capacity inadequate and has been stagnant for 20 years 48 countries have combined capacity equal to Spain Only one in four Africans has access to power Most countries will fail to have universal access by 2050 Power consumption pitifully low and falling Enough to power one light bulb per person for 3 hrs/day 8

9 The Challenge: Africa s Infrastructure Finance Gap Africa increasingly relies on emergency thermal power Emergency Generation Capacity Emergency Generation Capacity as % of Total Cost of Emergency Generation as % GDP Angola % 1.0% Gabon % 0.5% Ghana % 1.9% Kenya % 1.5% Madagascar % 2.8% Rwanda % 1.8% Senegal % 1.4% Sierra Leone % 4.3% Tanzania % 1.0% Uganda % 3.3% Source: Africa Infrastructure Country Diagnostic 9

10 The Challenge: Africa s Infrastructure Finance Gap Africa s power is very expensive Source: Africa Infrastructure Country Diagnostic 10 Chad Cape Verde Madagascar Uganda Burkina Faso Senegal Kenya Rwanda Cameroon Niger Benin Côte d'ivoire Namibia Ghana Lesotho South Africa Mozambique Tanzania Ethiopia Congo Malawi Nigeria Zambia US cents

11 The Challenge: Africa s Infrastructure Finance Gap Power shortages have a significant negative impact on growth Source: Africa Infrastructure Country Diagnostic 11

12 The Challenge: Africa s Infrastructure Finance Gap The infrastructure financing gap in Africa is enormous To remedy this situation Africa needs to build 7,000 MW of generation capacity per year More than five million new power connections per year An extensive transmission network The annual financing requirements are staggering Spending needs: US$40.6 bn/yr Existing spending: US$11.6 bn/yr Efficiency gap: US$5.9 bn/yr Financing gap: US$23.6 bn/yr Source: Africa Infrastructure Country Diagnostic 12

13 Agenda The Challenge: Africa s Infrastructure Finance Gap Where s the Money? Sources of Infrastructure Finance The role of DFIs in Infrastructure Finance After the Credit Crunch: Perceived or Real Risks? 13

14 Where s the Money? Sources of Infrastructure Finance Special characteristics of infrastructure finance Longer maturity Maturities between 5 and 40 years Reflects length of construction period and life of underlying asset Larger amounts Infrastructure requires bulky investments. E.g., costs per installed MW of hydropower ranges between US$2 Mio. and US$ 4 Mio. Higher risk Demand uncertainty Technological obsolescence Political uncertainties Fixed and low (but positive) returns Given the significance of investments to national economies real returns can tend towards zero However, returns are unlikely to be negative 14

15 Where s the Money? Sources of Infrastructure Finance Main sources of finance Public Finance ODA New Donors Private Weak tax revenue (15%-23%/ GDP) and low (and costly) borrowing capacity (esp. HIPIC countries) Even with positive macroeconomic development public funding committed to infrastructure has remained stagnant Financial crisis will affect infrastructure spending in a disproportionate way 1990s/ early 2000s infrastructure not on ODA agenda (<US2$ bn./ yr) Reemergence of infrastructure, rise of commitments to US$4.1 bn. in 2004 and to US$8.1 bn. in 2008 Financial crisis has diverted some funding into emergency fiscal support ODA commitments may decline in years ahead New and potentially significant source of financing (China, India, Gulf States) Since 2001, more than US$1 bn./yr committed to hydropower Focused so far primarily on resourcerich economies (exchange deals and strings attached ) Private finance to infrastructure has tripled since 1990s, today around US$10 bn./yr more than ODA But so far little into power in SSA; demands clear regulatory/ legal environment Financial crisis may affect ongoing transactions and new commitments 15

16 Where s the Money? Sources of Infrastructure Finance Cost of capital by funding source Source: Foster and Briceno-Garmendia (2010), Africa s Infrastructure (Washington, DC: World Bank), p.83 16

17 Where s the Money? Sources of Infrastructure Finance Local capital markets remain underdeveloped, shallow and small Local capital markets could be a potential additional source of infrastructure financing in Africa However, with the exception of South Africa local capital market remain underdeveloped, focusing on Commercial bank lending (usually at very unfavorable conditions) Corporate bonds (few) Stock exchange issues (very few) 17

18 Agenda The Challenge: Africa s Infrastructure Finance Gap Where s the Money? Sources of Infrastructure Finance The role of DFIs in Infrastructure Finance After the Credit Crunch: Perceived or Real Risks? 18

19 The Role of DFIs in Infrastructure Financing Development Finance Institutions are an important source of infrastructure finance (I) Development Finance Instiutions (DFIs) have a general mandate to provide finance to the public and/ or private sectors for investments that promote development DFIs are supposed to invest in areas where otherwise the market fails to invest sufficiently DFIs provide credit in the form of Higher risk loans Equity positions Risk guarantees DFIs backed by states in developed economies Total commitment of DFIs on infrastructure in Africa currently <US$4bn./ yr. Total capital expenditures are about US$25bn./yr. 19

20 The Role of DFIs in Infrastructure Financing Development Finance Institutions are an important source of infrastructure finance (II) Bilateral DFIs: Principal DFIs CDC (UK) KfW and DEG (Germany) FMO (Netherlands) Proparco (France) OPIC (USA) Regional DFIs European Bank of Reconstruction and Development African Development Bank European Investment Bank Asian Development Bank Multilateral DFIs World Bank International Finance Corporation Multilateral Investment Guarantee Agency 20

21 The Role of DFIs in Infrastructure Financing DFIs utilize subsidies to make achieve sustainable development objectives Term subsidy applied in its broadest sense to include High levels of liquidity (large levels of paid-in stock, AAA rating, tax exemptions etc.) in DFIs that allow them to leverage cheap finance for infrastructure investment in developing economies Ability to access technical assistance funds (currently estimated at more than US$200 Mio./yr. across all DFIs globally) Subsidies directly passed on to clients in the form of partial credit risk guarantees and longer maturing loans (credit enhancement, e.g. infrastructure loans up to 25 years) 21

22 The Role of DFIs in Infrastructure Financing But DFI engagement goes beyond just financing Source: Dalberg Advisers (2010), The Growing Role of DFIs in International Development Policy (Brussels) p.24 22

23 The Role of DFIs in Infrastructure Financing But DFI engagement goes beyond just financing To achieve these broader objectives, DFIs go beyond simple provision of financing instruments to also focus on: Improvement of enabling environment for infrastructure investment (through capacity building, advisory services, etc. Targeted use of grant funding (provided by bilateral or multilateral donors) to facilitate borderline investments (e.g. in rural electrification, risk mitigation funds, etc.) Early phase support for project pipeline development and much more 23

24 Agenda The Challenge: Africa s Infrastructure Finance Gap Where s the Money? Sources of Infrastructure Finance The role of DFIs in Infrastructure Finance After the Credit Crunch: Perceived or Real Risks? 24

25 After the Credit Crunch: Real or Perceived Risks? The financial crisis has negatively impacted DFI lending to infrastructure projects in Africa The global financial crisis has increased resulted in more aggressive management of (real and perceived) risks through increased capital adequacy ratios and thus increased the cost of capital More careful risk assessment and increased cost of capital translates into smaller dealflow and thus fewer projects funded Special initiatives to address the negative impact of the financial crisis (e.g. the Joint IFI/DFI Action Plan to Respond to the Financial Crisis in Africa with additional funding commitment of US$15bn. for example through Infrastructure Crisis Facility) has brought some relief but the impact of the crisis will be felt for years ahead 25

26 After the Credit Crunch: Real or Perceived Risks? But what about those subsidies? Even on the background of the financial crisis, are DFIs bearing an optimal level of risk? Are they living up to their mandate? Janus-Faced mandate of DFIs: Promote sustainable development by investing in markets and products commercial finance does not invest in AND Mobilize private capital and generate (close to) commercial returns Optimal level of risk: Balance cost of elevated levels of risk (e.g. loss provisions on loans) with need to maintain liquidity to ensure stable and high credit ratings to achieve low costs of borrowing Some evidence suggests that DFIs may take on less risk than optimal. Overall: Capital adequacy ratios are increasing Bad loan reserves are decreasing Portfolio shares particularly in Africa are not constant All of that may reflect better risk management but also scope for taking on additional risk 26

27 Contact Details Jan Martin Witte Division Energy, Transport and Telecommunication / Africa KfW Kampala Office Plot 23 Nakasero Road Kampala (Uganda) Phone:

Financing Education for All in Sub Saharan Africa: Progress and Prospects

Financing Education for All in Sub Saharan Africa: Progress and Prospects Financing Education for All in Sub Saharan Africa: Progress and Prospects Albert Motivans Education for All Working Group Paris, 3 February 211 1 Improving the coverage and quality of education finance

More information

Tracking Agricultural Spending for Agricultural Growth and Poverty Reduction in Africa

Tracking Agricultural Spending for Agricultural Growth and Poverty Reduction in Africa Tracking Agricultural Spending for Agricultural Growth and Poverty Reduction in Africa Shenggen Fan and Anuja Saurkar In most African countries agriculture and poverty are closely related, as the majority

More information

The Myth/Reality of Rising Africa

The Myth/Reality of Rising Africa The Myth/Reality of Rising Africa 2013/4/15 Nomura Research Institute, Ltd. Public Management Consulting Department Emerging and BoP markets Consulting Group Group Manager Junji Koike Marunouchi Kitaguchi

More information

DEVELOPMENT AID AT A GLANCE

DEVELOPMENT AID AT A GLANCE DEVELOPMENT AID AT A GLANCE STATISTICS BY REGION 2. AFRICA 21 edition 2.1. ODA TO AFRICA - SUMMARY 2.1.1. Top 1 ODA receipts by recipient USD million, net disbursements in 213 2.1.3. Trends in ODA 1 Egypt

More information

We re fighting hunger, worldwide - Join us!

We re fighting hunger, worldwide - Join us! Why Walk the World? Since 2003, Walk the World has taken place across all 24 time zones of the globe, beginning in Australia and ending in Samoa, taking in more than 70 countries. This year, thousands

More information

RAINFALL VARIABILITY AND DROUGHT IN SUB-SAHARAN AFRICA

RAINFALL VARIABILITY AND DROUGHT IN SUB-SAHARAN AFRICA RAINFALL VARIABILITY AND DROUGHT IN SUB-SAHARAN AFRICA By R. Gommes Senior Officer, Agrometeorology F. Petrassi Statistical Clerk Environment and Natural Resources Service (SDRN) FAO Research, Extension

More information

The Importance of Aid Fragmentation in Sub-Saharan Africa

The Importance of Aid Fragmentation in Sub-Saharan Africa The Importance of Aid Fragmentation in Sub-Saharan Africa Tobias Pfutze, Oberlin College In its more than fifty year history, foreign aid has never suffered from a lack of big ideas, grand schemes, or

More information

Distance to frontier

Distance to frontier Doing Business 2013 Fact Sheet: Sub-Saharan Africa Of the 50 economies making the most improvement in business regulation for domestic firms since 2005, 17 are in Sub-Saharan Africa. From June 2011 to

More information

Sovereign Credit Ratings and Least Developed Countries

Sovereign Credit Ratings and Least Developed Countries Sovereign Credit Ratings and Least Developed Countries Olu Sonola & Charles Seville 9 December 2014, New York What is a Credit Rating? How Is It Derived? Rating Definition Rating Definition A credit rating

More information

Corporate Overview Creating Business Advantage

Corporate Overview Creating Business Advantage Corporate Overview Creating Business Advantage 14 April 2013 Agenda The power of the group Our achievements Quick facts African regulatory environment Portfolio of offerings Creating value in Africa African

More information

country profiles WHO regions

country profiles WHO regions country profiles WHO regions AFR AMR EMR EUR SEAR WPR Algeria Total population: 37 63 aged years and older (+): 73% in urban areas: 66% Income group (World Bank): Upper middle income 196 196 197 197 198

More information

A Credit Bureau Data Comparison - SA versus Africa The trip through the jungle is easy IF you have the data - question: do we have it?

A Credit Bureau Data Comparison - SA versus Africa The trip through the jungle is easy IF you have the data - question: do we have it? A Credit Bureau Data Comparison - SA versus Africa The trip through the jungle is easy IF you have the data - question: do we have it? presented by Frank Lenisa Director, Compuscan Agenda Regula+on 144

More information

UNFCCC initiatives: CDM and DNA Help Desks, the CDM Loan Scheme, Regional Collaboration Centres

UNFCCC initiatives: CDM and DNA Help Desks, the CDM Loan Scheme, Regional Collaboration Centres UNFCCC initiatives: CDM and DNA Help Desks, the CDM Loan Scheme, Regional Collaboration Centres Africa Carbon Forum 03 July 2013 - Abidjan, Côte d Ivoire Ms. Flordeliza Andres Programme Officer, UNFCCC

More information

The Little Data Book on Africa

The Little Data Book on Africa From Africa Development Indicators The Little Data Book on Africa Basic indicators National accounts Millennium Development Goals Paris Declaration indicators Private sector development Trade Infrastructure

More information

In 2003, African heads of state made a commitment to

In 2003, African heads of state made a commitment to Issue Note November 213 No. 22 Trends in Public Agricultural Expenditures in Africa Samuel Benin and Bingxin Yu 1 In 23, African heads of state made a commitment to invest percent of their total national

More information

DEFINITION OF THE CHILD: THE INTERNATIONAL/REGIONAL LEGAL FRAMEWORK. The African Charter on the Rights and Welfare of the Child, 1990

DEFINITION OF THE CHILD: THE INTERNATIONAL/REGIONAL LEGAL FRAMEWORK. The African Charter on the Rights and Welfare of the Child, 1990 DEFINITION OF THE CHILD: THE INTERNATIONAL/REGIONAL LEGAL FRAMEWORK Article 2: Definition of a Child The African Charter on the Rights and Welfare of the Child, 1990 For tile purposes of this Charter.

More information

Population Growth and the Global Health Workforce Crisis

Population Growth and the Global Health Workforce Crisis 1 November 2011 Population Growth and the Global Health Workforce Crisis Sara Pacqué-Margolis, Carie Muntifering, Crystal Ng, and Shaun Noronha, IntraHealth International With an estimated shortage of

More information

This note provides additional information to understand the Debt Relief statistics reported in the GPEX Tables.

This note provides additional information to understand the Debt Relief statistics reported in the GPEX Tables. Technical Note 3 Debt Relief This note provides additional information to understand the Debt Relief statistics reported in the GPEX Tables. Introduction 1. Debt is a major development issue. There is

More information

MDRI HIPC. heavily indebted poor countries initiative. To provide additional support to HIPCs to reach the MDGs.

MDRI HIPC. heavily indebted poor countries initiative. To provide additional support to HIPCs to reach the MDGs. Goal To ensure deep, broad and fast debt relief and thereby contribute toward growth, poverty reduction, and debt sustainability in the poorest, most heavily indebted countries. HIPC heavily indebted poor

More information

Ensuring access: health insurance schemes and HIV

Ensuring access: health insurance schemes and HIV Ensuring access: health insurance schemes and HIV Joep M.A. Lange Academic Medical Center, University of Amsterdam Amsterdam Institute for Global Health & Development With great help from: Onno Schellekens

More information

The African Development Bank Group s ICT Operations Strategy

The African Development Bank Group s ICT Operations Strategy The African Development Bank Group s ICT Operations Strategy ITU Regional Cybersecurity Forum for Africa and Arab States June 4-5, 2009 Tunis Ali YAHIAOUI Chief ICT Officer, African Development Bank a.yahiaoui@afdb.org

More information

KfW at a glance. Structure and Mission of KfW. Antje Oberländer, Management Affairs Den Haag/ April 5, 2016

KfW at a glance. Structure and Mission of KfW. Antje Oberländer, Management Affairs Den Haag/ April 5, 2016 KfW at a glance Structure and Mission of KfW Antje Oberländer, Management Affairs Den Haag/ April 5, 2016 Agenda 1 KfW An Introduction 2 KfW Domestic Promotion 3 KfW International Business 2 KfW An Introduction

More information

Challenge 1: Learning About the Physical Geography of Africa

Challenge 1: Learning About the Physical Geography of Africa Challenge 1: Learning About the Physical Geography of Africa Atlas Mountains 3N Nile River 3N 2N Niger River Sahel Sahara Lake Chad Ethiopian Highlands Equator W N S E Congo River River Congo Basin Equator

More information

Manufacturing & Reproducing Magnetic & Optical Media Africa Report

Manufacturing & Reproducing Magnetic & Optical Media Africa Report Brochure More information from http://www.researchandmarkets.com/reports/3520587/ Manufacturing & Reproducing Magnetic & Optical Media Africa Report Description: MANUFACTURING & REPRODUCING MAGNETIC &

More information

Expanding Energy Access by Scaling Up Energy Efficiency in Sub-Saharan Africa

Expanding Energy Access by Scaling Up Energy Efficiency in Sub-Saharan Africa Downloaded from orbit.dtu.dk on: Jun 28, 2016 Expanding Energy Access by Scaling Up Energy Efficiency in Sub-Saharan Africa Ackom, Emmanuel Publication date: 2015 Document Version Publisher's PDF, also

More information

TERTIARY EDUCATION COMMISSION. School Calendars. Africa and Indian Ocean Countries

TERTIARY EDUCATION COMMISSION. School Calendars. Africa and Indian Ocean Countries TERTIARY EDUCATION COMMISSION School Calendars Africa and Indian Ocean Countries June, 2012 1 Table of Contents Country Page ALGERIA 3 ANGOLA 3 BENIN 3 BOTSWANA 3 BURUNDI 3 CAMEROON 3 COMOROS 3 COTE D

More information

Pensions Core Course Mark Dorfman The World Bank. March 7, 2014

Pensions Core Course Mark Dorfman The World Bank. March 7, 2014 PENSION PATTERNS & REFORM CHALLENGES IN SUB-SAHARAN AFRICA Pensions Core Course Mark Dorfman The World Bank Slide 1 Organization 1. Design summary 2. Challenges 3. Design reform principles 4. A process

More information

Semi-arid Areas. Livia Bizikova International Institute for Sustainable Development (IISD)

Semi-arid Areas. Livia Bizikova International Institute for Sustainable Development (IISD) Semi-arid Areas Livia Bizikova International Institute for Sustainable Development (IISD) www.iisd.org Definitions Drylands cover approximately 40% of the world s land area, and support two billion people,

More information

WHO Global Health Expenditure Atlas

WHO Global Health Expenditure Atlas WHO Global Health Expenditure Atlas September 214 WHO Library Cataloguing-in-Publication Data WHO global health expenditure atlas. 1.Health expenditures statistics and numerical data. 2.Health systems

More information

SOLID WASTE MANAGEMENT IN AFRICA

SOLID WASTE MANAGEMENT IN AFRICA SEMINARIO INTERNACIONAL GESTIÓN INTEGRAL DE RESIDUOS SÓLIDOS Y PELIGROSOS, SIGLO XXI SOLID WASTE MANAGEMENT IN AFRICA Luis F. Diaz, George M. Savage, and Clarence G. Golueke Concord, California USA Solid

More information

Global Fund Country Allocations:

Global Fund Country Allocations: Global Fund Country Allocations: 2014-2016 12 March 2014 In 2014, the Global Fund is implementing a new funding model. As partners in the response to HIV, tuberculosis and malaria, we expect to reach more

More information

Affordable Housing Finance New market development in Africa

Affordable Housing Finance New market development in Africa 1 Affordable Housing Finance New market development in Africa Kecia Rust Tuesday, 29 May 2012 Housing Finance in Emerging Markets 5 th Global Housing Finance Conference: Providing Shelter Creating Jobs

More information

AIO Life Seminar Abidjan - Côte d Ivoire

AIO Life Seminar Abidjan - Côte d Ivoire AIO Life Seminar Abidjan - Côte d Ivoire Life Insurance Market Survey of Selected African Countries Bertus Thomas Africa Committee of the Actuarial Society of South Africa Agenda SECTION 1 SURVEY OBJECTIVE

More information

Steel demand in sub-saharan Africa

Steel demand in sub-saharan Africa Steel demand in sub-saharan Africa African Union and the United Nations Statistics Division Regional Seminar on International Trade Statistics, 13 May 2014 This document is protected by copyright. Distribution

More information

Research and Development in Nigeria: Building Research Networks across and beyond Nigeria

Research and Development in Nigeria: Building Research Networks across and beyond Nigeria Research and Development in Nigeria: Building Research Networks across and beyond Nigeria 1 Professor V.O. Okoruwa Department of Agricultural Economics, University of Ibadan, Ibadan, Nigeria 2 Outline

More information

Global Fuel Economy Initiative Africa Auto Club Event Discussion and Background Paper Venue TBA. Draft not for circulation

Global Fuel Economy Initiative Africa Auto Club Event Discussion and Background Paper Venue TBA. Draft not for circulation Global Fuel Economy Initiative Africa Auto Club Event Discussion and Background Paper Venue TBA Draft not for circulation Launched on March 4, 2009 by the United Nations Environment Programme (UNEP), the

More information

African Economic Outlook 2007

African Economic Outlook 2007 African Economic Outlook 2007 Measuring the Pulse of Africa Federica Marzo Henri-Bernard Solignac Lecomte OECD Development Centre 7 June 2007 Chatham House, London 1 2 3 4 What is the African Economic

More information

The Trade Finance Bank for Africa

The Trade Finance Bank for Africa The Role of Afreximbank and of IFG Africa Chapter in the development of Factoring in Africa By Chairperson, Africa Chapter. B.O. Oramah and Executive Vice-President (AFREXIMBANK) Presentation at the First

More information

Section II: Fuel Price Subsidies in Sub-Saharan Africa

Section II: Fuel Price Subsidies in Sub-Saharan Africa Section II: Fuel Price Subsidies in Sub-Saharan Africa u Over half of all African governments subsidize fuel to protect consumers, with oil exporters having the largest subsidies. u At an average cost

More information

DRINKINGWATERCOVERAGE

DRINKINGWATERCOVERAGE DRINKINGWATERCOVERAGE I n 2002, 83 per cent of the world s population around 5.2 billion people used improved drinking water sources. These include piped water connections and standpipes, as described

More information

Win in Africa with Africa

Win in Africa with Africa Win in Africa with Africa Specific measures and improved skills Ever since the election of Joseph S Blatter as President in FIFA s development work has become more and more diverse particularly in Africa

More information

The Effective Vaccine Management Initiative Past, Present and Future

The Effective Vaccine Management Initiative Past, Present and Future EVM setting a standard for the vaccine supply chain The Effective Vaccine Management Initiative Past, Present and Future Paul Colrain TechNet meeting Dakar, Senegal, February 2013 February 2013 TechNet

More information

Inadequate access, poor government performance make water a top priority in Africa

Inadequate access, poor government performance make water a top priority in Africa Dispatch No. 16 22 March 2015 Inadequate access, poor government performance make water a top priority in Africa Afrobarometer Dispatch No. 16 Thomas Bentley, Kangwook Han, and Richard Houessou Summary

More information

AfricaSan: Second African Conference on Sanitation and Hygiene Durban, South Africa 18-20 February 2008

AfricaSan: Second African Conference on Sanitation and Hygiene Durban, South Africa 18-20 February 2008 A Snapshot of Sanitation in Africa A special tabulation for AfricaSan based on preliminary data from the WHO/UNICEF Joint Monitoring Programme for Water Supply and Sanitation AfricaSan: Second African

More information

Yves Andre Prevost Lead Environment Specialist World Bank Washington, DC

Yves Andre Prevost Lead Environment Specialist World Bank Washington, DC Yves Andre Prevost Lead Environment Specialist World Bank Washington, DC Agenda Overview of Cameroon s power sector Opportunities in hydropower in Cameroon Central African Power Pool Climate change Safeguard

More information

ISO AND AFRICA. Introduction. June 2006

ISO AND AFRICA. Introduction. June 2006 June 2006 ISO AND AFRICA Introduction Of the 156 ISO members, 120 are from developing or are economies in transition. Of these, 37 are members in Africa (the list is attached at Annex 1). Increased membership,

More information

Financing Infrastructure in Africa A Landscape of Evolution and Innovation. Stephane July, Associate Director, West Africa ICP IMO Leader, Deloitte

Financing Infrastructure in Africa A Landscape of Evolution and Innovation. Stephane July, Associate Director, West Africa ICP IMO Leader, Deloitte Financing Infrastructure in Africa A Landscape of Evolution and Innovation Stephane July, Associate Director, West Africa ICP IMO Leader, Deloitte he financing needs for meeting the infrastructure gap

More information

Is China Actually Helping Improve Debt Sustainability in Africa?

Is China Actually Helping Improve Debt Sustainability in Africa? Is China Actually Helping Improve Debt Sustainability in Africa? Helmut Reisen OECD Development Centre Emerging Powers in Global Governance: New Challenges and Policy Options P a r i s 6 J u l y 2 0 0

More information

EXPLORER HEALTH PLAN. Product Summary From 1 September 2013. bupa-intl.com. Insured by Working with Brokered by

EXPLORER HEALTH PLAN. Product Summary From 1 September 2013. bupa-intl.com. Insured by Working with Brokered by EXPLORER HEALTH PLAN Product Summary From 1 September 2013 bupa-intl.com Insured by Working with Brokered by ABOUT BUPA AND JUBILEE ABOUT ABOUT BUPA BUPA, AND JUBILEE AND JUBILEE JUBILEE AND JWS GLOBAL

More information

Doing Business 2015 Fact Sheet: Sub-Saharan Africa

Doing Business 2015 Fact Sheet: Sub-Saharan Africa Doing Business 2015 Fact Sheet: Sub-Saharan Africa Thirty-five of 47 economies in Sub-Saharan Africa implemented at least one regulatory reform making it easier to do business in the year from June 1,

More information

Countries Ranked by Per Capita Income A. IBRD Only 1 Category iv (over $7,185)

Countries Ranked by Per Capita Income A. IBRD Only 1 Category iv (over $7,185) Page 1 of 5 Note: This OP 3.10, Annex C replaces the version dated September 2013. The revised terms are effective for all loans that are approved on or after July 1, 2014. Countries Ranked by Per Capita

More information

HIPC MDRI MULTILATERAL DEBT RELIEF INITIATIVE HEAVILY INDEBTED POOR COUNTRIES INITIATIVE GOAL GOAL

HIPC MDRI MULTILATERAL DEBT RELIEF INITIATIVE HEAVILY INDEBTED POOR COUNTRIES INITIATIVE GOAL GOAL GOAL To ensure deep, broad and fast debt relief and thereby contribute toward growth, poverty reduction, and debt sustainability in the poorest, most heavily indebted countries. HIPC HEAVILY INDEBTED POOR

More information

RULES AND REGULATIONS L OREAL UNESCO FOR WOMEN IN SCIENCE SUB-SAHARAN FELLOWSHIPS

RULES AND REGULATIONS L OREAL UNESCO FOR WOMEN IN SCIENCE SUB-SAHARAN FELLOWSHIPS RULES AND REGULATIONS L OREAL UNESCO FOR WOMEN IN SCIENCE SUB-SAHARAN FELLOWSHIPS 1. Introduction The L Oréal-UNESCO For Women in Science Sub-Saharan Africa Fellowships aims to promote and encourage young

More information

18 th UBS South African Financial Services Conference Beyond South Africa

18 th UBS South African Financial Services Conference Beyond South Africa NEDBANK GROUP LIMITED 18 th UBS South African Financial Services Conference Beyond South Africa October 2015 Mfundo Nkuhlu, Chief Operating Officer Agenda The Nedbank Group journey Nedbank share price

More information

A TEACHER FOR EVERY CHILD: Projecting Global Teacher Needs from 2015 to 2030

A TEACHER FOR EVERY CHILD: Projecting Global Teacher Needs from 2015 to 2030 A TEACHER FOR EVERY CHILD: Projecting Global Teacher Needs from 2015 to 2030 UIS FACT SHEET OCTOBER 2013, No.27 According to new global projections from the UNESCO Institute for Statistics, chronic shortages

More information

Millennium Development Goal 2 Global Education Scorecard: Who s on target?

Millennium Development Goal 2 Global Education Scorecard: Who s on target? Millennium Development Goal 2 Global Scorecard: Who s on target? However, 59 million children remain out of the classroom, donor resources for basic education continue to decline and too many countries

More information

THE ROLE OF BIG DATA/ MOBILE PHONE DATA IN DESIGNING PRODUCTS TO PROMOTE FINANCIAL INCLUSION

THE ROLE OF BIG DATA/ MOBILE PHONE DATA IN DESIGNING PRODUCTS TO PROMOTE FINANCIAL INCLUSION THE ROLE OF BIG DATA/ MOBILE PHONE DATA IN DESIGNING PRODUCTS TO PROMOTE FINANCIAL INCLUSION Joseph Nketsiah GM, Risk Management Division, HFC BANK www.hfcbank.com.gh 1 Using customer data for marketing

More information

G4S Africa. Andy Baker Regional President. G4S Africa

G4S Africa. Andy Baker Regional President. G4S Africa Andy Baker Regional President G4S Africa 1 Macro-economic environment Over the last decade, six of the world s 10 fastest growing economies were in Africa. This is forecast to continue.. Diversity across

More information

Public Sector Clients INVESTING IN AFRICA

Public Sector Clients INVESTING IN AFRICA Delivering Power Solutions to our Private & Public Sector Clients INVESTING IN AFRICA Executive Summary TransCentury ( TCL ) TCL) is pleased to sponsor the 14 th Annual East Africa Power Industry Convention

More information

Accelerating E-Government E-Readiness at Work

Accelerating E-Government E-Readiness at Work Accelerating E-Government E-Readiness at Work Roslyn Docktor McConnell International Agenda Why E-Readiness How to Assess E-Readiness What is the E-Readiness in Africa Where to Act: Applying E-Readiness

More information

MINISTERIAL MEETING ON ENHANCING THE MOBILIZATION OF FINANCIAL RESOURCES FOR LEAST DEVELOPED COUNTRIES DEVELOPMENT LISBON, 2-3 OCTOBER 2010

MINISTERIAL MEETING ON ENHANCING THE MOBILIZATION OF FINANCIAL RESOURCES FOR LEAST DEVELOPED COUNTRIES DEVELOPMENT LISBON, 2-3 OCTOBER 2010 MINISTERIAL MEETING ON ENHANCING THE MOBILIZATION OF FINANCIAL RESOURCES FOR LEAST DEVELOPED COUNTRIES DEVELOPMENT LISBON, 2-3 OCTOBER 2010 Background Paper ADDRESSING THE DEBT PROBLEMS OF THE LEAST DEVELOPED

More information

Libreville Declaration on Health and Environment in Africa

Libreville Declaration on Health and Environment in Africa Libreville Declaration on Health and Environment in Africa Libreville, 29 August 2008 REPUBLIQUE GABONAISE World Health Organization Regional Office for Africa Libreville Declaration on Health and Environment

More information

Raising Capital for Oil & Gas:

Raising Capital for Oil & Gas: Raising Capital for Oil & Gas: Options, Opportunities & Outlook Presented By: Dolapo Oni Ecobank Research About Ecobank Group A Snapshot Facts Present in 39 countries worldwide Operating in 35 African

More information

The Education for All Fast Track Initiative

The Education for All Fast Track Initiative The Education for All Fast Track Initiative Desmond Bermingham Introduction The Education for All Fast Track Initiative (FTI) is a global partnership to help low income countries to achieve the education

More information

What Are the Best Ways of Promoting Financial Integration in Sub-Saharan Africa? Amadou Sy Senior Fellow, Africa Growth Initiative Paris, May 2014

What Are the Best Ways of Promoting Financial Integration in Sub-Saharan Africa? Amadou Sy Senior Fellow, Africa Growth Initiative Paris, May 2014 What Are the Best Ways of Promoting Financial Integration in Sub-Saharan Africa? Amadou Sy Senior Fellow, Africa Growth Initiative Paris, May 2014 1. Why focus on financial integration now? The Africa

More information

Poverty and inequality

Poverty and inequality PART 2 Poverty and inequality Map 27: Among the many determinants of hunger, poverty is one of the most important. But like hunger, poverty too is multifaceted. Not simply a lack of income or consumption,

More information

Presentation to 38th General Assembly of FANAF Ouagadougou, 17-21 February 2014. Thierry Tanoh- Group CEO

Presentation to 38th General Assembly of FANAF Ouagadougou, 17-21 February 2014. Thierry Tanoh- Group CEO Presentation to 38th General Assembly of FANAF Ouagadougou, 17-21 February 2014 Thierry Tanoh- Group CEO Contents Global Demographics Africa Market Size & Growth Drivers Key players & Competitive Landscape

More information

Building Human Capacity in Mining-related Governance and Management

Building Human Capacity in Mining-related Governance and Management Supporting sustainable resources development Building Human Capacity in Mining-related Governance and Management Ian Satchwell, Director October 2012 Background 2010 Australian Review of Aid Effectiveness

More information

UNAIDS 2013 AIDS by the numbers

UNAIDS 2013 AIDS by the numbers UNAIDS 2013 AIDS by the numbers 33 % decrease in new HIV infections since 2001 29 % decrease in AIDS-related deaths (adults and children) since 2005 52 % decrease in new HIV infections in children since

More information

PRESS RELEASE FOR IMMEDIATE RELEASE

PRESS RELEASE FOR IMMEDIATE RELEASE PRESS RELEASE FOR IMMEDIATE RELEASE Bujagali Wins Africa Power Deal of the Year for 2007 Kampala, Uganda, 11 March 2008. Bujagali Energy Limited (BEL) today announced that its Bujagali Hydropower Project

More information

Fiscal Space & Public Expenditure on the Social Sectors

Fiscal Space & Public Expenditure on the Social Sectors Briefing Paper Strengthening Social Protection for Children inequality reduction of poverty social protection February 2009 reaching the MDGs strategy security social exclusion Social Policies social protection

More information

Project Finance for Infrastructure in Africa. Arnaud Dornel Lead Financial Sector Specialist The World Bank March 2014

Project Finance for Infrastructure in Africa. Arnaud Dornel Lead Financial Sector Specialist The World Bank March 2014 Project Finance for Infrastructure in Africa Arnaud Dornel Lead Financial Sector Specialist The World Bank March 2014 1 Infrastructure Financing Needs Agenda Project Finance for Infrastructure: Africa

More information

Proforma Cost for international UN Volunteers for UN Partner Agencies for 2016. International UN Volunteers (12 months)

Proforma Cost for international UN Volunteers for UN Partner Agencies for 2016. International UN Volunteers (12 months) Proforma Cost for international UN Volunteers for UN Partner Agencies for 2016 Country Of Assignment International UN Volunteers (12 months) International UN Youth Volunteers (12 months) University Volunteers

More information

Pendulum Business Loan Brokers L.L.C.

Pendulum Business Loan Brokers L.L.C. BUSINESS BROKERS DEVELOPING COMPONENT PART MANUFACTURING PARTNERSHIPS METAL PLASTIC ELECTRICAL Business Brokers Three (3) Component Part Manufacturing Partnerships Categories Hiram R. Davis Corporate Secretary

More information

Quote Reference. Underwriting Terms. Premium Currency USD. Payment Frequency. Quotation Validity BUPA AFRICA PROPOSAL.

Quote Reference. Underwriting Terms. Premium Currency USD. Payment Frequency. Quotation Validity BUPA AFRICA PROPOSAL. Quote Reference Family Quote 2013 Underwriting Terms BUPA AFRICA PROPOSAL Full Medical Underwriting and/or Continuous PreviousMedical Exclusions Premium Currency USD Payment Frequency One annual payment

More information

UNHCR, United Nations High Commissioner for Refugees

UNHCR, United Nations High Commissioner for Refugees Belgium 22 Jul 1953 r 08 Apr 1969 a Belize 27 Jun 1990 a 27 Jun 1990 a Benin 04 Apr 1962 s 06 Jul 1970 a Bolivia 09 Feb 1982 a 09 Feb 1982 a Bosnia and Herzegovina 01 Sep 1993 s 01 Sep 1993 s Botswana

More information

PROCEEDINGS KIGALI 3-4 NOVEMBRE,

PROCEEDINGS KIGALI 3-4 NOVEMBRE, PROCEEDINGS KIGALI 3-4 NOVEMBRE, 2005 The 7 th Conference of Ministers Responsible for Animal Resources was held in the conference room of Intercontinental hotel - Kigali (Rwanda) from 3 rd to 4 th November

More information

African Elephant (Loxondonta africana)

African Elephant (Loxondonta africana) African Elephant (Loxondonta africana) Further Details on Data Used for the Global Assessment For the 2004 assessment, current generation data were obtained from the African Elephant Status Report 2002

More information

Scenario for Vegetable Oil Fortification with Vitamin A in 75 Countries

Scenario for Vegetable Oil Fortification with Vitamin A in 75 Countries Scenario for Vegetable Oil Fortification with Vitamin A in 75 Countries What if All vegetable oil consumed in 75 countries included in DARs for which FAO data is available were fortified to a level of

More information

REQUEST FOR EXPRESSIONS OF INTEREST (Individual Consultant) AFRICAN DEVELOPMENT BANK (AfDB) Energy, Environment and Climate Change Department (ONEC)

REQUEST FOR EXPRESSIONS OF INTEREST (Individual Consultant) AFRICAN DEVELOPMENT BANK (AfDB) Energy, Environment and Climate Change Department (ONEC) REQUEST FOR EXPRESSIONS OF INTEREST (Individual Consultant) AFRICAN DEVELOPMENT BANK (AfDB) Energy, Environment and Climate Change Department (ONEC) CIF Climate Finance Officer The African Development

More information

Assessing Economic Liberalization Episodes: A Synthetic Control Approach. Online Appendix

Assessing Economic Liberalization Episodes: A Synthetic Control Approach. Online Appendix Assessing Economic Liberalization Episodes: A Synthetic Control Approach Online Appendix Andreas Billmeier Ziff Brothers Investments Tommaso Nannicini Bocconi University, IGIER & IZA This Version: November

More information

Grants and Debt Forgiveness in Africa: A Descriptive Analysis

Grants and Debt Forgiveness in Africa: A Descriptive Analysis Grants and Debt Forgiveness in Africa: A Descriptive Analysis Leonardo Hernández International Economics Department The World Bank Washington, D.C. 20433 Saori N. Katada School of International Relations

More information

Per Capita Income Guidelines for Operational Purposes

Per Capita Income Guidelines for Operational Purposes FROM: The President May 29, 2013 Per Capita Income Guidelines for Operational Purposes The Gross National Income (GNI) guidelines covering the Civil Works Preference, IDA Eligibility, IBRD Terms and the

More information

United Nations Development Programme United Nations Institute for Training and Research

United Nations Development Programme United Nations Institute for Training and Research UNDP RBA and UNITAR supporting the strategic development priorities of Africa As we approach the New Year, it is important to reflect on what has been achieved. Throughout 011, UNITAR has worked in close

More information

Migration and Development in Africa: Implications for Data Collection and Research

Migration and Development in Africa: Implications for Data Collection and Research Migration and Development in Africa: Implications for Data Collection and Research Marzia Rango Migration Research Division IOM UN DESA workshop on strengthening the collection and use of migration data

More information

Eligibility List 2015

Eligibility List 2015 The Global Fund adopted an allocation-based approach for funding programs against HIV/AIDS, TB and malaria in 2013. The Global Fund policy states that countries can receive allocation only if their components

More information

Trade Credit & Political Risk Insurance: Critical Tools to Boost Investments in Africa s Agriculture Sector

Trade Credit & Political Risk Insurance: Critical Tools to Boost Investments in Africa s Agriculture Sector Trade Credit & Political Risk Insurance: Critical Tools to Boost Investments in Africa s Agriculture Sector 5 November, 2009: Dar, Tanzania Albert Rweyemamu African Trade Insurance Agency (ATI) Outline

More information

2014 Africa Food Security and Hunger/ Undernourishment Multiple Indicator Scorecard

2014 Africa Food Security and Hunger/ Undernourishment Multiple Indicator Scorecard 2014 Africa Food Security and Hunger/ Undernourishment Multiple Indicator Scorecard Information & Analysis on Health, Population, Human & Social Development Summary highlights, findings of scorecard and

More information

The Integrated Global Action Plan for the Prevention and Control of Pneumonia and Diarrhoea. Dr Samira Aboubaker WHO/HQ 12 April 2013

The Integrated Global Action Plan for the Prevention and Control of Pneumonia and Diarrhoea. Dr Samira Aboubaker WHO/HQ 12 April 2013 The Integrated Global Action Plan for the Prevention and Control of Pneumonia and Diarrhoea Dr Samira Aboubaker WHO/HQ 12 April 2013 Outline of Presentation Introduction Background Integrated Global Action

More information

TERMS OF REFERENCE FOR THE DEVELOPMENT OF RESOURCE MOBILZATION STRATEGY AND PROCEDURES FOR EBID

TERMS OF REFERENCE FOR THE DEVELOPMENT OF RESOURCE MOBILZATION STRATEGY AND PROCEDURES FOR EBID TERMS OF REFERENCE FOR THE DEVELOPMENT OF RESOURCE MOBILZATION STRATEGY AND PROCEDURES FOR EBID May 2014 ToR for the Preparation of Resource Mobilization Strategy and Procedures for EBID Page - 1 - I.

More information

Financing access to sustainable energy

Financing access to sustainable energy Financing access to sustainable energy Financing access to sustainable energy Our mission PROPARCO s financing aims to contribute to growth, sustainable development and to achievement of the Millennium

More information

The Financial Crisis: Impact on Africa and the role of the AfDB

The Financial Crisis: Impact on Africa and the role of the AfDB The Financial Crisis: Impact on Africa and the role of the AfDB Presentation at the University of Stellenbosh 30 April 2009 Prof. Léonce Ndikumana Director, Development Research Department African Development

More information

The Africa Infrastructure

The Africa Infrastructure AIDI May 2016 www.afdb.org Chief Economist Complex Table of Contents 1. Introduction and Background 1. Introduction and Background 2. The AIDI 2016 Highlights 3. Main Results 4. Conclusions References

More information

Latest trends in technology for news media in Africa. Sibusiso Nkomo

Latest trends in technology for news media in Africa. Sibusiso Nkomo Latest trends in technology for news media in Africa Sibusiso Nkomo The latest trend in news media and communications technology in Africa shows a continent on an upward economic trajectory but still haunted

More information

IS SOVEREIGN DEBT AN ISSUE FOR SUBSAHARAN AFRICA? By Fanwell Kenala Bokosi, PhD. Introduction

IS SOVEREIGN DEBT AN ISSUE FOR SUBSAHARAN AFRICA? By Fanwell Kenala Bokosi, PhD. Introduction IS SOVEREIGN DEBT AN ISSUE FOR SUBSAHARAN AFRICA? By Fanwell Kenala Bokosi, PhD Introduction The issue of sovereign debt has been a continuous issue on the continent. Concern with the high levels of debt

More information

Capacity Building Needs: Responses from the World Bank Group

Capacity Building Needs: Responses from the World Bank Group Capacity Building Needs: Responses from the World Bank Group Carlos A. Primo Braga Director, Economic Policy and Debt Department The World Bank OECD November 2009 Outline 1. Why strengthening debt management?

More information

WEST AFRICAN POWER BARONS FORUM. 1-2 September 2016 ACCRA; Ghana

WEST AFRICAN POWER BARONS FORUM. 1-2 September 2016 ACCRA; Ghana WEST AFRICAN POWER BARONS FORUM 1-2 September 2016 ACCRA; Ghana Background There are 15 countries in the Economic Community of West African States (ECOWAS): Benin, Burkina Faso, Cape Verde, Cote d'ivoire,

More information

OVERVIEW OF PAKISTAN S ENERGY SECTOR. 13 October 2015 Islamabad

OVERVIEW OF PAKISTAN S ENERGY SECTOR. 13 October 2015 Islamabad OVERVIEW OF PAKISTAN S ENERGY SECTOR 13 October 2015 Islamabad Objectives of the Presentation Macro-economic Update - Pakistan Energy Sector Update Pakistan World Bank Group Role in Pakistan s Energy Sector

More information

RENEWABLE ENERGY FINANCING. Challenges, Opportunities & prospects The Ecobank experience. Sunkanmi Olowo

RENEWABLE ENERGY FINANCING. Challenges, Opportunities & prospects The Ecobank experience. Sunkanmi Olowo RENEWABLE ENERGY FINANCING Challenges, Opportunities & prospects The Ecobank experience Sunkanmi Olowo Slide 1 The Pan African Bank Incorporated 1985, Nigerian operation since 1989 Leading pan-african

More information

Appendix A. Crisis Indicators and Infrastructure Lending

Appendix A. Crisis Indicators and Infrastructure Lending Appendix A. Crisis Indicators and Infrastructure Lending APPENDIX A Table A.1. Crisis Indicators (Case Study Countries) Country % as Share of GDP Share of in Bank Crisis Severity Score (principal factor

More information