The East Africa Annual Summit
Thursday, July 18, 2019
July
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Get a fresh perspective on East African Credit

The event brings together Kenya’s key capital market participants to discuss the main credit drivers, political risks and the latest and most impactful regional affairs.

Discover new insights on the credit markets

Meet senior Moody's Analysts and market experts

Network with key banking sector market participants.

This event is part of the Emerging Markets Program that brings together over 2500 credit analysts and key market participants to discuss the main credit drivers, geopolitical risks and the latest and most impactful regional trends.

<div class="credit-themes-container dynamic"><div class="w-container"><div class="custom-fa-wrapper"><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Local</h1><p class="custom-item-para alt white">Get the latest Sovereign and Sector credit insights.</p></div></div><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Regional</h1><p class="custom-item-para alt white">Compare and contrast outlooks with key markets.</p></div></div><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Global</h1><p class="custom-item-para alt white">Discover how emerging global trends will impact the market.</p></div></div></div></div></div>

08.00 Registration & Refreshments

08.30 Welcome Address

Sylvia Chahonyo, General Manager, Africa

08.40 Big Picture Presentation

Emerging market growth prospects as the global credit cycle turns

Divergent performance among emerging markets

Near term risks:

  • Deceleration of growth in some emerging markets
  • Geopolitical risks
  • Capital outflows

Changing drives of success:

  • Technology
  • Demographics

Sean Marion, Managing Director, Financial Institutions

09.00 Keynote Address

The East African Promise - Taking a Long-Term View

Dr. Habil Olaka, Chief Executive Officer, Kenya Bankers Association

09.20 Fireside Chat

Fiscal and liquidity situation manageable but less and less sustainable

  • Macroeconomic environment remains favorable but the success of fiscal consolidation efforts hang on rising tax revenues, improving spending efficiency.
  • A relatively deep financial sector supports government access to funding but risk of saturation is gradually building-up.

Lucie Villa, Vice President – Senior Credit Officer, Sovereign

David Rogovic, Vice President – Senior Analyst, Sovereign

10.00 Refreshment break

10.30 Banking panel

Innovation, improving conditions and strong capital supports banks financial position despite elevated asset risks

  • Economic growth continues to improve, strengthening banks’ prospects
  • Financial innovation further supports growth, profitability, and deposit-funded profiles
  • Asset quality risks remain elevated and lending rate caps constrain potential credit growth

Led by Sean Marion, Managing Director, Financial Institutions

Christos Theofilou, Vice President – Senior Analyst, Financial Institutions

Sitoyo Lopokoiyit, Chief Financial Services Officer at Safaricom

11.15 Corporates panel

Corporates still face a challenging operating environment

  • Political continuity has not lead to an improvement in the corporate landscape
  • Credit extension constraints due to interest rate caps continue to act as a drag for consumer environment
  • Corporates access to debt funding remains intact but constrained capital spending is curtailing its needs

Doug Rowlings, Vice President – Senior Analyst, Corporate Finance

Alexander Owino, Consultant & Financial Sector Specialist

12.00 Lunch

13.00 East Africa: 

Capacity to raise further tax revenues in face of spending pressures.

  • Fiscal deficits to remain elevated amid infrastructure spending, adding to debt metrics that already deteriorated over the past five years
  • The ability to improve domestic revenue collection and control recurrent spending represent key challenges to fiscal consolidation

Lucie Villa, Vice President – Senior Credit Officer, Sovereign

David Rogovic, Vice President – Senior Analyst, Sovereign

Kelvin Dalrymple, Vice President -Senior Credit Officer, Sovereign

13.40 Financing Trade, Infrastructure and Development in Africa:  

Progress in the development of long-term private financing of Kenya’s infrastructure needs

  • Key sectors for private financing of infrastructure investment in Kenya, sources of revenue and role of PPP project structures
  • Capacity and appetite of local and foreign private capital and development finance institutions, and role of blended finance
  • Enabling local currency capital markets solutions

Chris Bredholt, Vice President – Senior Credit Officer, Project and Infrastructure Finance

Vivienne Yeda, Director-General, East African Development Bank

Janice Kotut-Sang, Regional Director - East and Southern Africa, GuarantCo

John Mudany, Finance and Commercial Director, KenGen

Harsha Kodali, Director, Lion’s Head Global Partners


14.30 Chairman’s summary

14.45 End of the conference

08.00 Registration & Refreshments

08.30 Welcome Address

Sylvia Chahonyo, General Manager, Africa

08.40 Big Picture Presentation

Emerging market growth prospects as the global credit cycle turns

Divergent performance among emerging markets

Near term risks:

Changing drives of success:

Sean Marion, Managing Director, Financial Institutions

09.00 Keynote Address

The East African Promise - Taking a Long-Term View

Dr. Habil Olaka, Chief Executive Officer, Kenya Bankers Association

09.20 Fireside Chat

Fiscal and liquidity situation manageable but less and less sustainable

Lucie Villa, Vice President – Senior Credit Officer, Sovereign

David Rogovic, Vice President – Senior Analyst, Sovereign

10.00 Refreshment break

10.30 Banking panel

Innovation, improving conditions and strong capital supports banks financial position despite elevated asset risks

Led by Sean Marion, Managing Director, Financial Institutions

Christos Theofilou, Vice President – Senior Analyst, Financial Institutions

Sitoyo Lopokoiyit, Chief Financial Services Officer at Safaricom

11.15 Corporates panel

Corporates still face a challenging operating environment

Doug Rowlings, Vice President – Senior Analyst, Corporate Finance

Alexander Owino, Consultant & Financial Sector Specialist

12.00 Lunch

13.00 East Africa: 

Capacity to raise further tax revenues in face of spending pressures.

Lucie Villa, Vice President – Senior Credit Officer, Sovereign

David Rogovic, Vice President – Senior Analyst, Sovereign

Kelvin Dalrymple, Vice President -Senior Credit Officer, Sovereign

13.40 Financing Trade, Infrastructure and Development in Africa:  

Progress in the development of long-term private financing of Kenya’s infrastructure needs

Chris Bredholt, Vice President – Senior Credit Officer, Project and Infrastructure Finance

Vivienne Yeda, Director-General, East African Development Bank

Janice Kotut-Sang, Regional Director - East and Southern Africa, GuarantCo

John Mudany, Finance and Commercial Director, KenGen

Harsha Kodali, Director, Lion’s Head Global Partners


14.30 Chairman’s summary

14.45 End of the conference

Speakers

Guest Speakers

Dr. Habil Olaka
Chief Executive Officer

Moody's Investors Service

Kenya Bankers Association (KBA)

Moody's Investors Service

Kenya Bankers Association (KBA)

Chief Executive Officer
Dr. Habil Olaka
Sitoyo Lopokoiyit
Chief Financial Services Officer

Moody's Investors Service

Safaricom

Moody's Investors Service

Safaricom

Chief Financial Services Officer
Sitoyo Lopokoiyit
Vivienne Yeda Apopo
Director-General

Moody's Investors Service

East African Development Bank

Moody's Investors Service

East African Development Bank

Director-General
Vivienne Yeda Apopo
John Mudany
Finance & ICT Director

Moody's Investors Service

Kenya Electricity Generating Company

Moody's Investors Service

Kenya Electricity Generating Company

Finance & ICT Director
John Mudany
Janice Kotut-Sang
Regional Director, East & South Africa

Moody's Investors Service

GuarantCo

Moody's Investors Service

GuarantCo

Regional Director, East & South Africa
Janice Kotut-Sang
Harsha Kodali
Director

Moody's Investors Service

Lion’s Head Global Partners

Moody's Investors Service

Lion’s Head Global Partners

Director
Harsha Kodali
Alexander Owino
Consultant & Financial Sector Specialist

Moody's Investors Service

Moody's Investors Service

Consultant & Financial Sector Specialist
Alexander Owino

Moody's Speakers

Sylvia Chahonyo
General Manager

Moody's Investors Service

Moody's Investors Service

General Manager
Sylvia Chahonyo
Sean Marion
Managing Director
Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group
Managing Director
Sean Marion
Lucie Villa
Vice President – Senior Credit Officer
Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group
Vice President – Senior Credit Officer
Lucie Villa
Kelvin Dalrymple
Vice President - Senior Credit Officer
Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group
Vice President - Senior Credit Officer
Kelvin Dalrymple
David Rogovic
Vice President - Senior Analyst
Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group
Vice President - Senior Analyst
David Rogovic
Douglas Rowlings
Vice President – Senior Analyst
Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group
Vice President – Senior Analyst
Douglas Rowlings
Christopher Bredholt
Vice President - Senior Credit Officer
EMEA Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

EMEA Infrastructure Finance
Vice President - Senior Credit Officer
Christopher Bredholt
Christos Theofilou
Vice President - Senior Analyst
Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group
Vice President - Senior Analyst
Christos Theofilou

Any questions please contact

Mirley Ribas

Senior Associate Outreach & Events

Mirley.Ribas@moodys.com