About the Forum / Welcome to the Africa Municipal Bonds Forum 2017

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The annual gathering for Africa’s Municipal finance experts, investors. Development partners and decision makers. Now in its second year, Africa Municipal Bonds Forum (AMBF) has become a must-attend event for anyone involved in Africa’s Municipal debt markets.

With African continuing to grow at higher rates compared to other emerging markets, and as the continent’s cities continues to strive forward – debt markets still a much needed tool to finance the huge African cities’ infrastructure and energy gap.

Cities’ Mayors and Regions’ Governors and industry leaders from across Africa including speakers from Ministries of Finance, Central Banks, Development Banks, Development partners, Finance Corporations, Commercial and investment banks, Frontier funds to name but a few, will be providing insights into their cities growth plans, financing strategies and answering your questions.

Also our prestigious Advisory Board who have helped guide the content of the inaugural event, will ensure the agenda focuses on key issues and topics you want to hear about.

South Africa

South Africa’s municipal bond market is staged for a resurgence as cities must raise debt for infrastructure projects due to large cuts on the central government’s budgets.
In 2016 Cape Town and Johannesburg said they may sell as much as 4.2 billion Rand worth of bonds in the 2016-2017 fiscal year. That’s already more than five times the amount of debt issued in 2015, when only one municipality “Ekurhuleni” sold securities. Others cities may follow suit.
Yields on Cape Town’s 2 billion Rand of notes, maturing in March 2025, have climbed 218 basis points in 2015 to 10.9 percent in 2016, or 177 basis points, more than similar-maturity South African government debt. Infrastructure spending by South Africa’s eight largest cities is expected to rise by about 50 percent in the three-year period from 2015 to 2017 to 103 billion rand while investors would be attracted to higher yields offered by municipal bonds compared with government securities.

According to current investors in Cape Town and Johannesburg bonds, both cities are well-placed to sell debt in coming years and they also expect other metros to start selling debt more frequently.

Through our partnership with the South African Local Government Association (SALGA), we can guarantee the presence of South Africa’s main cities at the Forum.

Advisory Board

Clr Geoffrey Makhubo

Member of the Mayoral Committee for Finance in the City of Johannesburg

Khadydia Sarr

Director,Dakar Municipal Finance Team (DMFT)

Robert John Futter

Director – CRESCO Project Finance

Zienzi Musamirapamwe

Head of Public Sector for Barclays Africa excluding South Africa.

Attend / Why you should attend?

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  • Meet and network with senior decision makers from Africa’s main Cities and Regions.
  • Develop your business by maximising your time spent at the forum and its extensive networking opportunities.
  • Participate in the only event bringing together key players from African Municipalities.
  • Learn about the latest developments in Africa’s municipal debt markets

Who attended in 2016

  • Barclays Africa
  • Attijariwafa Bank
  • Bank of Industry
  • SGBS
  • BSIC
  • Banque Atlantique
  • BCEAO
  • BOAD
  • BRVM
  • CGF Bourse
  • Bloomfield Investment Corporation
  • Africa Finet
  • IMFO
  • Finance Active
  • UN-Habitat
  • World Bank
  • FMDV
  • USAID
  • UNCDF
  • Kommuninvest
  • UCLG-A
  • Cities Alliance
  • SALGA
  • Agence Française de Développement
  • FEICOM
Among the 61 Municipalities present
  • Abidjan
  • Banjul
  • Bamako
  • Brazzaville
  • Dakar
  • Johannesburg
  • Kampala
  • Lome
  • Maputo
  • Marseille
  • Nouakchott
  • Praia
  • Rabat
  • Victoria
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Event Speakers

Speakers will be available soon

Programme

Promoting African cities’ Bonds

Current and upcoming developments
  • How to develop the local bond markets – the achievements, the current situation and upcoming developments. An update since the year before and the significance of

African Cities Green Bonds

The first ever “African Green City Bond” was issued on the JSE in June 2015.  
  • Is there a demand for this new type of debt in

Building African Cities

Project Bonds as a finance solution
  • How can contractors finance their infrastructure and energy projects in African cities?
  • Are project bonds a financing

Issues in Rating African Cities and Regions

  • Rating drivers; rating performance of African sovereigns; rating process & sub sovereign rating criteria; sub sovereign ratings trend in Africa cities in recent rating

Credit enhancement

Risk mitigation in financing of African cities infrastructure projects
  • Why credit enhancements are essential for African cities infrastructure and energy projects.
  • Does municipal debt

Bonds vs. Sukuk

Assessing demand for Sukuk vs. Municipal bonds
  • Evaluating the barriers preventing a higher supply of Sukuk to African cities;
  • What are the motivations behind

Register now

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Contact Us

Suite 25
81 Lee High Rd
SE13 5NS
+44 (0) 2080045556
Email: admin@markets-africa.com

Partnerships & Speakers
Tomás Paquete – tomasp@markets-africa.com
Sponsorships
Elisée Marie – elisee@markets-africa.com
Tickets & Sponsorships
Michael Ndinisa –michaeln@mncapital.co.za
Phone:  +27 11 040 7354  Mobile:+27 76 058 4044

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