TICAD8 JICA Side EventsTICAD 8

Event Details

Private Sector Infrastructure Development Opportunities in Africa

Date
2022/8/24 (Wed)17:00-18:30(JST)
Field
Infrastructure, Investment
Type of Event
Online Webinar
Co-Host
African Development Bank (AfDB)

Background

African countries have been recording significant economic growth that has primarily been achieved by promoting private sector development. In accordance with this, greater importance has been accorded to urban and inter-city infrastructure such as waste water treatment and its reuse, transportation, and telecommunications. However, these projects require a great deal of investment, and mobilizing financial resources is not easily achieved. Moreover, projects in developing countries can be greatly affected by many external constraints such as macroeconomic instability, political disturbance, and an unclear regulatory framework on the part of the relevant authorities, and these can be often seen in Africa as well.
However, we can observe a couple of success cases where international developers overcame these challenges together with development financial institutions (DFIs) and other stakeholders and mobilized their knowledge and knowhow in the African infrastructure market. These successes might provide meaningful lessons for unlocking huge investment at scale opportunities for infrastructure development in the region.
Therefore, it is meaningful to discuss the primary obstacles international developers and DFIs faced during their infrastructure projects on the ground and derive implications that will be useful in unlocking private investment in Africa. A momentum of promoting investment in the private sector in Africa is highly anticipated amongst event participants.

Key Questions

  • What are the major obstacles that international developers are facing on site in the process of forming infrastructure projects in Africa?
  • What prevents DFIs and other financial institutions from financing infrastructure projects in Africa?
  • What successful practices are being implemented on the ground in real projects and their financial transactions?

Objective

To identify actionable opportunities for African developers, investors, lenders, suppliers, and contractors in the African infrastructure sector, based on the following objectives:
① To derive positive implications by sharing both successful practices and obstacles on the real ground-level of projects amongst multiple stakeholders (i.e., developers, DFIs, other financial institutions)
② To bridge the technical and financial needs of African countries and potential investors among Japanese and non-Japanese private companies, which will boost private sector-driven infrastructure development in Africa

Speakers

Mr. Keiichiro Nakazawa
Senior Vice President, JICA
Mr. Solomon Quaynor
Vice President for the Private Sector, Infrastructure and Industrialization Complex, AfDB
Mr. Vivek Mittal
CEO, Africa Infrastructure Development Association (AfIDA)
Mr. Mike Salawou
Acting Director for the Infrastructure and Urban Development Department (PICU), AfDB
Ms. Sue Barrett
Director, Head of Infra TMEA, Sustainable Infrastructure Group (SIG), European Bank for Reconstruction and Development (EBRD)
Ms. Chiharu Shirai
Senior Investment Officer, Infrastructure Africa, International Finance Corporation (IFC)
Mr. Shohei Hara
Director General of Private Sector Partnership and Investment Department, JICA
Mr. Rami Ghandour
Managing Director, METITO UTILITIES LTD
Ms. Tshepidi Moremong
Chief Operating Officer, Africa50
Mr. Vuyo Hlompho Ntoi
Joint Managing Director, African Infrastructure Investment Managers (Pty) Ltd
Mr. Yoshio Kushiya
General Manager, Smart Infrastructure Business Department No.2, Sumitomo Corporation



*The deadline for registration is 17:00, Tuesday, August 23 (Japan time).