The Sub-Saharan Africa Briefing

Wednesday, September 26, 2018

September 2018

Briefing

The Sub-Saharan Africa Briefing

Where next for Sub-Saharan Africa Credit?

thursday, November 08, 2018
london

The Sub-Saharan Africa Briefing

Where next for Sub-Saharan Africa Credit?
Wednesday, September 26, 2018
September 2018
Grocers' Hall
London

The Sub-Saharan Africa Briefing

Where next for Sub-Saharan Africa Credit?

Wednesday, September 26, 2018
September 2018
Grocers' Hall
London

The Sub-Saharan Africa Briefing

Where next for Sub-Saharan Africa Credit?

Wednesday, September 26, 2018
September 2018
Grocers' Hall
London

The Sub-Saharan Africa Briefing

Where next for Sub-Saharan Africa Credit?

Wednesday, September 26, 2018
September 2018
Grocers' Hall
London

The Sub-Saharan Africa Briefing

Where next for Sub-Saharan Africa Credit?

Wednesday, September 26, 2018
September 2018
Grocers' Hall
London

Where next for Sub-Saharan Africa Credit?

Explore the region’s prospects and risks amid a challenging environment for emerging market credit globally.

Moody’s annual Briefing will bring together senior credit analysts, market shapers and various industry experts to look deeper and discuss key macroeconomic, fiscal, external and political themes and the latest regional developments, and how they impact credit on the continent.

Benchmark – Review sovereign strengths and challenges compared to peers in the region and globally

Update – Discover banking system and corporates showing resilience and facing challenges

Assess – Analyse the risks posed by rising sovereign debt

Learn – Understand how key initiatives and precedent transactions crowd-in private capital

Why Attend?

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, political 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>

Agenda

08.30          Registration & Coffee

09.00          Welcome Address

David Aldrich, Managing Director, MIS Commercial Group

Chairperson: Sean Marion, Managing Director, Financial Institutions Group

09.10           Sovereign Panel Discussion 

Key issues defining sovereign credit across Sub-Saharan Africa

  • Growth dynamics: Modest growth acceleration juxtaposed against limited economic resilience
  • Increasing fiscal challenges amid elevated budget deficits and rising debt burdens
  • External vulnerabilities and refinancing challenges in an adverse global environment characterized by rising interest rates and dollar appreciation
  • Ever present political risks and the ingredients for social unrest
  • Differentiating risks and opportunities between Africa’s near-term challenges and longer-term prospects

Led by Matt Robinson, Associate Managing Director, Sovereign Risk Group

Lucie Villa, Vice President - Senior Credit Officer, Sovereign Risk Group

Daniela Re Fraschini, Assistant Vice President, Sovereign Risk Group

10.00           Banking Panel Discussion

Managing the broader issues facing emerging markets while banking on longer-term growth prospects

  • External risk factors: capital outflows, trade tensions, rising oil prices - and their impact on African banks
  • Idiosyncratic risks and strengths of African banking systems
  • The role of fintech, effective regulation & supervision and governance in unlocking the sector's considerable growth prospects

Led by Jean-Francois Tremblay, Associate Managing Director, Financial Institutions Group

Akintunde Majekodunmi, Vice President - Senior Credit Officer, Financial Institutions Group

Constantinos Kypreos, Senior Vice President, Financial Institutions Group

Olubunmi Asaolu, Head of Equity Research, FBNQuest Capital

10.45           Coffee & Networking Break  

11.15           Corporate Panel Discussion 

Ability to adapt operations to prevailing economic environments demonstrates resilience

  • Strong market position acts as a natural defence for credit profiles
  • ‍Diversification of cash flow streams limits operating jurisdiction risk
  • ‍Hard currency contracts with international customers helps mitigate counterparty risk

Doug Rowlings, Vice President – Senior Analyst, Corporate Finance Group

Kash Pandya, Chief Executive Officer, Helios Towers

Roger Brown, Chief Financial Officer, Seplat Petroleum Development Company

Tammy Lloyd, Credit Analyst, Investec Asset Management

12.00          Infrastructure Panel Discussion

Key initiatives and precedent transactions to crowd-in private capital for infrastructure                               

  • Trends in Infrastructure Financing in Sub-Saharan Africa
  • New initiatives to mobilise private capital and the use of credit enhancements
  • Synergies between banks and institutional investors

Led by Andrew Davison, Senior Vice President, Project & Infrastructure Finance

Chris Bredholt, Vice President - Senior Credit Officer, Project & Infrastructure Finance

Deborah Zurkow, Head of Alternatives, Allianz Global Investors

Christopher Marks, Managing Director - Head of Emerging Markets EMEA, MUFG

12.45          Closing Remarks

Chairman: Sean Marion, Managing Director, Financial Institutions Group

12.50          Close of the Briefing

Speakers

Moody's Speakers

Sean Marion

Managing Director

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Managing Director

Sean Marion

Sean is responsible for Moody’s analytic teams that rate banks and nonbank financial companies in the Nordics, Baltics, South-Eastern Europe and emerging markets in Middle East and Africa. Prior to relocating to London in 2011, Mr. Marion held various positions of progressive responsibility in Moody’s, including working in the firm’s offices in Mexico City and Toronto. Mr. Marion holds graduate degrees in economics from the Université Paris I (Sorbonne) and the London School of Economics. He also holds an undergraduate degree from Bishop’s University, Canada.

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David Aldrich

Managing Director

MIS Commercial Group

Moody's Investors Service

Moody's Investors Service

MIS Commercial Group

Managing Director

David Aldrich

David is Managing Director, Head of Emerging Markets EMEA, for both Relationship Management and Regional Management, Moody’s Investors Service. He leads and manages the Commercial activities for Emerging Markets, with responsibility for originating and maintaining ratings mandates for financial institutions, corporates, subsovereigns and local governments in Russia, CIS, Central and Eastern Europe, Middle East and Africa. David also oversees the regional strategy in EMEA, outside the EU27 and UK, including managing the relevant MIS Country Managers. David has managed businesses in securities services, fixed income and derivatives at BNY Mellon, JP Morgan, Credit Suisse and UBS.

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Matt Robinson

Associate Managing Director

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Associate Managing Director

Matt Robinson

Matt Robinson manages the Sovereign Risk Group’s Middle East and Africa team producing ratings and research regarding sovereign and supranational creditworthiness in Sub-Saharan Africa and Middle East/North Africa. He is responsible for managing staff located in London, Frankfurt, Dubai and New York.

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Jean-Francois Tremblay

Associate Managing Director

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Associate Managing Director

Jean-Francois Tremblay

Jean-Francois Tremblay (J-F) is Associate Managing Director for the Financial Institutions Group (FIG). Based in London, J-F manages a team of analysts covering over 100 banks domiciled in 20 countries across Europe and Africa. J-F brings a wealth of experience in banking and emerging market credit analysis and research. Prior to joining the EMEA team in London in 2015, J-F was based in Singapore since 2012, managing Moody’s credit team covering banks and finance companies in South and Southeast Asia.

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Andrew Davison

Senior Vice President

Project & Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Project & Infrastructure Finance

Senior Vice President

Andrew Davison

Andrew Davison is a Senior Vice President in Moody’s Infrastructure Finance Group. Andrew is responsible for Moody's strategic initiatives responding to market dynamics that are reshaping the development and financing of infrastructure assets across the globe. Prior to assuming his current role, Andrew led Moody’s EMEA Project Finance team from 2007-2012.

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Constantinos Kypreos

Senior Vice President

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Senior Vice President

Constantinos Kypreos

Constantinos is a Senior Vice President and leads a team of analysts covering banks in Africa, the Middle East and the Balkans. Since joining Moody’s Limassol-based banking team in 2005, Constantinos has followed banks as lead analyst in South Africa, Egypt, Ghana, Israel, Greece, Bulgaria, Romania, Montenegro, Saudi Arabia and Qatar. He has authored numerous articles covering the African and Balkan banking systems and is a regular speaker at regional conferences.

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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

Douglas covers non-financial corporates for Moody’s in the Middle East and Africa with a specific focus on mining, oil and gas along with telecommunications services and infrastructure providers. Douglas holds an Advanced Master of Commerce Degree Specialising in Finance in the field of Financial Management from the University of Cape Town and is CFA Level III candidate.

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Akintunde Majekodunmi

Vice President – Senior Credit Officer

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Vice President – Senior Credit Officer

Akintunde Majekodunmi

Akin joined in October 2014, and is the lead analyst on a portfolio of Sub-Saharan Africa Banks, focusing initially on Nigeria and then elsewhere in West and East Africa as the team’s footprint in the region grows. Akin is a CFA charter holder and has a BA in Economics from Leeds University Business School and an MSc in Management from Cass Business School.

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Daniela Re Fraschini

Assistant Vice President - Analyst

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Assistant Vice President - Analyst

Daniela Re Fraschini

Daniela Re Fraschini is an Assistant Vice President - Analyst in Moody’s Sovereign Risk Group. Based in London, she is the lead analyst for a number of European sovereigns. Prior to joining Moody’s in March 2017, Daniela worked for five years for the Asian Development Bank as a risk management specialist. Her primary responsibilities included developing the sovereign credit rating methodology and process for ADB, and assigning internal ratings to member countries.

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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

Lucie is the lead analyst for several Sub-Saharan African sovereigns and supranational issuers and is a senior member of Moody’s Africa Sovereign Ratings team. Lucie holds a postgraduate degree in Probability and Statistics from a French Engineering School (ENSAI) and a Master’s degree in Economics from the Panthéon-Sorbonne University in Paris.

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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

Christopher Bredholt covers a diversified portfolio of mainly project finance issuers across sectors including infrastructure, power, renewables, transport and PPP/PFI. Christopher is a specialist in the renewable energy sector and led the analysis for Moody’s first offshore wind public rating. He has gained broad experience assessing complex structures and credit enhancement mechanisms for emerging market project financings and is lead analyst for the precedent-setting Elazig hospital PPP in Turkey, which benefitted from political risk insurance and contingent liquidity support. He represents the Infrastructure Finance team for Moody’s analytical activities in the African market.

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Further information

Over 200 investors, issuers and intermediaries already registered, secure your complimentary seat now!

Any questions please contact

Mirley Ribas

Associate Outreach & Events

mirley.ribas@moodys.com