Accelerating Securitization in Africa to Scale Financing for the SDGs

Thursday, May 28, 2020

This Milken Institute webinar brought together government officials with key market participants from Nigeria, South Africa, Cote D’Ivoire, Kenya, Ghana, and select others, to share information on securitization transactions being done in these countries, demonstrate their benefits, and discuss steps needed to accelerate and scale securitization.

The Sustainable Development Goals (SDGs) have created an ambitious development agenda to reduce poverty by 2030 with an equally ambitious agenda to finance them—including an estimated US$2 to US$3 trillion per year from the private sector. Sub-Saharan Africa alone requires an estimated $600 billion per year. The COVID-19 crisis adds urgency and additional financing needs, placing more emphasis on financing the social elements of the SDGs, while the climate agenda remains ever demanding. The one positive of the COVID-19 crisis is that it has shown the ability for public and private entities to mobilize and take action at speeds not thought possible before.

Securitization can play a central role in financing the SDGs and help address the COVID-19 crisis. But securitization is nascent in Africa, as in many parts of the world. Future Flow Securitizations (FFS) can be one good place to start. They support the financing needs of many SDGs and are less complex and more transparent—making these transactions more attractive to investors still wary of securitization’s potential abuse from the 2008 crisis.

Moderator

Alison Harwood, Senior Fellow in Residence, Milken Institute (Moderator) 

Speakers and Panelists

Nicholas Gunning, Senior Structurer and Arranger – Securitisation, Standard Bank 
Sonnie Ayere, CEO, DLM Capital 
Abbas Abdulkadir, Head of Department, Securities and Investment Services, SEC Nigeria 
Olivier Gui, Director-General, Africa Link Capital
James Doree, Managing Director, Lion’s Head Global Partners 
James Nelson, Managing Director for Debt Capital Markets, Standard Chartered
Irene Gathiaka, Regional Head for East Africa, Total Impact Capital 

Download the Transcript