21 professionals from Kenya, Nigeria and Zimbabwe join the Africa Project Finance Program Nairobi, 4th July 2021:
21 professionals from the legal, engineering, accounting and project finance backgrounds from Kenya, Nigeria and Zimbabwe have joined the 3rd Cohort of the Africa Project Finance Program. The Program is a three months training initiated in 2019 by Lean Africa Consultants Limited that equips professionals with job ready skills in infrastructure project finance and Public Private Partnerships.
Speaking during the induction session held at the company’s office on 5th July 2021, the company’s Chief Executive Officer, Mr. Johnson Mwawasi, reiterated on the need to have practical and hands-on skills in the structuring, financing and management of infrastructure projects. This comes at a time where there is increased pressure on African government to pursue private sector led financing to fund the increasing financing gap that has slowed down the modernization of infrastructure.
The program comprises of 60 (sixty) hours of training in infrastructure project accounting, project cost and cashflow planning, project finance and Public Private Partnerships (PPP). 3 (three) site visit of ongoing mega infrastructure projects and 6 (six) talks by infrastructure project experts will also be organized so as to enhance the practical understanding of the professionals pursuing the Program.
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Lean Africa Consultants Limited today welcomed the 11 candidates of the 1st Cohort of 2021 of the Africa Project Finance Program at their office in Nairobi.
The Program is a three months intensive training whose objective is to equip young university graduates with practical knowledge and skills in project finance and Public-Private Partnerships (PPPs).
The Program is a blend of 60 hours of theoretical sessions, 6 expert talks by infrastructure industry leaders from across the globe and 3 site visits of active infrastructure project sites. After completion, it is expected to give the candidates the requisite footing in project finance and PPP so as to enable them to manage the complexities and challenges of financing and managing infrastructure projects in Africa and across the globe.
According to Chief Executive Officer of Lean Africa Consultants, Mr. Johnson Kilangi, Africa is not attracting sufficient investment in infrastructure due to lack of capacity to efficiently structure and package infrastructure projects. Unfortunately, the investment in capacity building by African governments and institutions is not commensurate with the ambitious project pipelines lined up by most of the countries.
The company aims to train and connect to potential project-oriented employers up to 100 university graduates from across the East African region in the year 2021.