Research indicate that that Africa is not attracting adequate investment in infrastructure compared to other developing regions in the world majorly due to scarcity of a pipeline of well packed and structured projects. Unfortunately, the investment in local capacity in the early-stage planning, financial structuring and risk assessment of critical infrastructure is not commensurate with the ambitious project pipelines lined up by most of the countries.
The Africa Project Finance Training Program is a three months intensive training by Lean Africa Consultants Limited initiated in 2019 that develops and enhances complete set of job ready and practical skills for key professionals involved in the financing and development of infrastructure projects.
The training program is designed for professionals seeking to understand the technical dynamics of large infrastructure projects and build practical knowledge and expertise to manage infrastructure and infrastructure financing facilities. Built on major infrastructure project failures and successes in Africa, the program comprises of 60 hours of theoretical training, six candid talks by infrastructure industry experts from across the globe and three visits of live infrastructure projects.
The theoretical component gives the participants an in-depth understanding of the evolution of infrastructure deal as it moves through the pipeline from conception, to structuring, financing and implementation diving deep into project financing and Public-Private Partnerships (PPPs). So as to enhance their understanding, the participants will in the last two months of the training construct an infrastructure project model enabling them to assess a wide range of scenarios in order to structure an optimal limited recourse financing facility for the project.
Through the Program, we are building a diverse community of pacesetters in the infrastructure space that are keen to revolutionize how Africa conceptualizes, structures, finances and implements infrastructure projects. Our closely knit family of the Program graduates and expert speakers provides an efficient platform for networking and knowledge sharing.
Click here to download a detailed Program brochure.
Previous trainers and expert speakers of the Program
Eng. Howard M’mayi
Qs. David Wambua
Ibrahim Kitoo, MCIArb
Eng. Shelter Lotsu Yao
Mohammad Mustapha Gambo
Sergio Moreno Ramos
- a) 60 hours classwork
- b) 3 site visits to infrastructure projects in different sectors;
- c) 6 expert speaker sessions by expert leaders in the infrastructure sector;
- d) Case study assignment.
Applicants of the Program should meet the following minimum entry requirements:
- a) The applicant should be above 18 years of age;
- b) The applicant should have graduated from a reputable University in the last 2 years from the date of application.
- c) The applicant should be a holder of a business-related degree. Specialization in Finance or Accounting will be an added advantage.
- d) The applicant should be a holder of a Second-Class Upper degree or above or Grade Point Average (GPA) of 3.67.
- e) Proficiency in Microsoft Excel;
- f) The applicant should submit a 1,000-word statement as to why they want to join the Program and how they can use the skills acquired to impact positively on the African continent.
Interested graduates should submit their Curriculum Vitae, copies of academic certificates and a statement as to why they want to join the program to email@example.com before 1700hrs on 11th December 2020.
Site visits of ongoing infrastructure projects by the Africa Project Finance Program
The Nairobi Expressway site visit
The Nairobi Expressway is the largest road project in Kenya procured and financed through Public Private Partnerships (PPPs) at a cost of 550 million US dollars. The 27km road managed by the Kenya National Highways Authority is being constructed by Cale Infrastructure Construction Company Limited and the China Road and Bridge Corporation and starts from Mlolongo to Westlands area cutting through the busy Central Business District of Nairobi.
The Kenya National Highways Authority is a state-owned corporation established under the Kenya Roads Act of 2007 that is responsible for the development, rehabilitation, management and maintenance of all national trunk roads comprising of class S, A and B roads.
Participants undertaking the training program were taken through a detailed briefing of the complex structuring of the project, the financing arrangement and some of the challenges facing the implementation and financing of the project. Later on, the participants toured the different sites of project so as to appreciate the technology being utilized to fast track the project.
The visit was followed by an internal discussion of the project giving the participants a chance to discuss other ways the project could have been structured and how the contracting authority and the Special Purpose Vehicle could address some of the key challenges facing the project.
The visit enabled the participants to explore first hand some of the key issues involved in the structuring, financing and implementation of PPP projects.
The Olkaria geothermal projects site visits
Professionals of the Africa Project Finance Program were taken through the Olkaria geothermal projects that are being managed by the Kenya Electricity Generating Company Plc (KenGen).
KenGen is the leading electric power generating company in East Africa with an installed capacity of 1,817.82MW which translates to approximately 65% of the current total market share.
The professionals were taken through a tour of the well heads and power plants in the Olkaria area and also a detailed presentation of the firm’s strategy to enhance its clean energy generation capacity.
The visit was followed by an internal discussion on the project whose conclusions were submitted to KenGen.
The Suswa HVDC substation project site visit
The candidates undertaking the Africa Project Finance Program were taken through a tour of the Suswa’s 550Kv High Voltage Direct Current substation project that is being constructed and managed by the Kenya Electricity Transmission Company Limited (KETRACO).
KETRACO is a state-owned corporation registered under the companies Act whose mandate is to plan, design, construct, own, operate and maintain the high voltage electricity transmission grid and regional power interconnectors that form the backbone of the National Transmission Grid.
The project is part of the 1,045Km 550Kv Kenya- Ethiopia interconnection project with a power transfer capacity of 2,000MW. The line, with 612Km in Kenya originates from Welayta Sodo in Ethiopia and terminates in Suswa in Kenya.
Through the tour, the candidates were able to appreciate the mechanics and dynamics of implementing large transmission line projects and through the interaction with the KETRACO team, they were able to appreciate the challenges facing the implementation of the project and how the team has managed to address them.
The visit was followed by an internal discussion on the project whose conclusions were submitted to KETRACO.
The Thwake Multipurpose Dam site visit
The Thwake Multipurpose Dam is a $400 million project under the Tanaathi Water Services Board that is being implemented by the Ministry of Water, Sanitation and Irrigation of the Republic of Kenya. It is located in the Kitui and Makueni Counties in Kenya, approximately 150km from the capital city of Nairobi.
The project which is funded by the Africa Development Bank and the Government of Kenya is being constructed by the China Gezhouba Group Corporation. It is being implemented to harness the fluctuating flows of the Athi River and the seasonal water from Thwake River.
Once complete, it will supply water for domestic, livestock, irrigation, hydropower and industrial use for Makueni, Machakos and Kitui Counties and the upcoming Konza City.
The objective of the visit was to enable the professionals understand some of the dynamics behind the delivery of the project and also provide a platform for discussion of some of the critical issues around structuring and financing large infrastructure projects.
The Marco Borero Solar Project site visit
Participants of the 3rd Cohort of 2021 of the Africa Project Finance Program undertook a site visit of the Marco Borero Solar Project in Kieni, 50 km from Nyeri town in Nyeri County in Kenya. The power plant is a 1.5MW grid-tied, ground mounted, solar photovoltaic power project that is managed by Marco Borero Company Limited, a private limited liability company incorporated in Kenya. The company which has a Power Purchase Agreement (PPA) with the Kenya’s energy utility firm Kenya Power completed the construction in 2020 and is awaiting commissioning in December 2021.
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