ASSOCIATION DES INSTITUTIONS AFRICAINES DE FINANCEMENT DU DEVELOPPEMENT Créée en 1975 Established in 1975 ASSOCIATION OF AFRICAN DEVELOPMENT FINANCE INSTITUTIONS 06 B.P. 321 ABIDJAN 06 Côte d Ivoire CEO FORUM OF AFRICAN DEVELOPMENT FINANCE INSTITUTIONS (DFIs). promoting synergy in development financing in Africa Transcorp Hilton Hotel, Abuja-Nigeria November 8-10, 2017 Hosted by: Bank of Industry (BoI), Nigeria Theme: Strengthening African DFIs through Good Corporate Governance and Appropriate Regulations for Sustainable Development Financing in Africa FORUM ANNOUNCEMENT The Association of African Development Finance Institutions (AADFI) is pleased to announce the 2017 CEO Forum of African Development Finance Institutions which will hold from November 8-10, 2017 at the Transcorp Hilton Hotel, Abuja, Nigeria. The 2017 CEO Forum is being hosted by the Bank of Industry (BoI), Nigeria. A. Background The CEO Forum of African DFI is part of the annual activities of the Association of African Development Finance Institutions (AADFI) initiated in the year 2000. The Forum is a high level gathering of Chief Executives, Senior Executive Management of African DFIs and key stakeholders in development financing, real sector development, Investors and Project Financiers, Central Banks and Supervisory Authorities of DFIs, and other lending institutions to discuss development financing issues and how to scale up financing to achieve inclusive sustainable development in African countries. Overview of the 2017 CEO Forum Development finance is occupying center stage in recent effort to achieve sustainable growth and inclusive development across the globe, particularly in Africa. For the continent to make meaningful progress in attaining the targets of the global development agenda- the SDGs, the AU Agenda 2063 and the High 5s of the AfDB, Development Finance Institutions (DFIs) have important role to play. 1
DFIs have catalytic responsibility to mobilize and direct resources to growth sectors and development projects, helping to reduce infrastructure, energy gaps, financing MSMEs and industrialization which are pivotal for development. On infrastructure alone, it is estimated that about $48 billion is requested per annum as an addition to what is currently estimated as been spent ($45billion) on infrastructure in Africa. It is also estimated that Africa needs US$315-US$400 billion of agricultural investment over the next 10 years equivalent to roughly US$40b per year 1 just to mention a few. These funding requirements are huge and will take DFIs that are well positioned to contribute in mobilizing capital and designing innovative financing instruments to fund development projects. Often, the question is whether African national DFIs in their current form have the capacity to support their national development aspirations and going by their historical poor performance in most countries. According to a report African DFIs have shown low levels of profitability, with estimated 2.4 percent return on average assets, and a high level of loan impairment, with a 15.8 percent of impairment loans to gross loans 2 These historical poor performance of most African national DFIs was mainly attributed to poor corporate governance, adverse interference by governments, weak risk management framework, and unviable business model among other factors. It was against this background that the AADFI Prudential Standards Guidelines and Rating System (PSGRS) 3 for African DFIs was initiated to strengthen African DFIs. The AADFI 2017 CEO Forum of African Development Finance Institutions will discuss the current development expectations and how DFIs could be strengthened to support efforts in achieving national development goals. It will recommend appropriate measures to strengthen development finance architecture in order to improve the performance of African development finance institutions. The key objectives of the Forum are to: Discuss current trends in the global DFI environment; Discuss innovative financing mechanism and options for mobilizing resources for development projects; Develop and strengthen partnership for cross-border investment promotion & financing, and mobilization of resources; Support effort aimed at promoting inclusive socio-economic development in the continents through cooperation among DFIs; ------------------------------- 1. AfDB,May 2016: Feed Africa-The Road to Agricultural Transformation in Africa 2.Hon. Erastus Mwencha, Deputy Chairperson, Africa Union. Presentation at the AADFI CEO Forum 2016 3. The AADFI PSGRS was developed and adopted as a tool to assess DFIs in the areas of Governance, Finance and Operations and to provide useful guidance as to what DFIs rules and regulatory policies should be as well as a benchmark these policies and results with other DFIs in the region. 2
Provide opportunity to engage DFI supervisory authorities and DFI community on the need to deepen DFIs activities and make them more relevant in achieving development goals at the national and sub-national levels. In addition, the Forum will, conduct the 7th Peer Review of African DFIs with the Prudential Standards, Guidelines and Rating System (PSGRS) and draw lessons for strengthening DFIs: - Unveil the Revised edition of the PSGRS; - Review the implementation and application of the PSGRS Mechanism in DFIs; - Suggest strategy on how the Application of the PSGRS in DFIs could be strengthened; - Review the effectiveness of implementation of PSGRS in member-institutions and share success stories; - Come to a consensus on how to sustain stakeholders commitment on the PSGRS; - Share the experiences of Regulatory Authorities in supervising DFIs with the PSGRS, and other regulations; - Network among CEOs and stakeholders in Development Financing. B. The Audience The Forum will bring together Chief Executive Officers and Senior Management Executives in African DFIs; Multilateral Development Finance Institutions(MDFIs);Officials of African DFIs Supervisory Authorities and Government Agencies responsible for promoting financing for real economy development; Officials of Central Banks, Ministries of Finance, Commercial Banks, MNCs, MSMEs, MFIs and other stakeholders. Over 200 participants are expected to attend the program. C. Format Presentations, Panel Discussions, Networking The Forum will be conducted and simultaneously translated in English and French. D. Agenda (provisional and will be updated) Tuesday November 7 th 2017 Arrival and Check in to Hotels Registration of delegates starting from 3.00pm at the venue DAY ONE. Wednesday November 8 th 2017 Activities: AADFI Executive Committee Meeting Advocacy visit to Nigeria Government Authority 3
Special Interest Sessions- Workshop/Symposium- Mobilizing Innovative Finance for Development Projects Press Conference DAY TWO: Thursday November 9 th, 2017 Official Opening Ceremony Plenary Session Panel Discussion Plenary Session CEO Panel Discussion Welcome Dinner DAY THREE: Friday November 10 th, 2017 Panel Discussion : - Application of the PSGRS in transforming DFI: Lessons from DFIs Report of the 2017 Peer Review and Rating of Africa DFIs Report of the Consultant on the Revised PSGRS Unveiling of the Revised PSGRS Closing & Conclusion City Tour E. Registration and Fees A significant part of the overhead expenses is being borne by the Association and its partners, which has reduced the participation expenses per person. Therefore, in line with the AADFI Policy regarding the CEO Forum, participants will: i) be responsible for the cost of their air fare to and from Abuja, Nigeria; ii) contribute a registration fee of 1000 (One Thousand Euros) for one Participant from AADFI member-institutions. Member-institutions nominating more than one participant will pay 750 per participant, while non-member institutions will pay 1,200 (One Thousand Two Hundred Euros). Participation fees are payable before October 20 th 2017. Please transfer the appropriate amount to AADFI bank account: AADFI Account no: CI059 01056 121237069701 75, Bank: ECOBANK- CÔTE D IVOIRE, Swift Code: ECOCCIAB, Address: 01 BP 4107 Abidjan 01, Côte d Ivoire, Tel: (225) 20 31 92 Please note that the account is denominated in Euro and only Euro currency transfer is acceptable into the account. 4
F. Travel Documents and Arrangements Visa Depending on the visitor s status, visa, valid passport and international vaccination certificate are required to enter Nigeria. Please contact the Nigerian Embassy/Consulate in your countries for visa process. An Invitation Letter from the host institution will be forwarded to you upon registration as support document for visa processing. Participants from countries who do not have Nigeria Representation will be advised upon receipt of their completed nomination form on the process for assisting them in obtaining visa on arrival. Participants are advised to ensure that they have correct documentation before leaving their home countries. G. Venue and Accommodation The venue of the Forum is Transcorp Hilton Hotel, Abuja Nigeria. More information about the Forum venue is available at www.hilton.com Delegates are responsible for their accommodation arrangements. However, local organizers have made a number of reservations at the following Hotels within the venue of the Forum: Hotel Transcorp Hilton Hotel- 5* Rates N80,000 Bed & Breakfast Bon Hotel for Protea Hotel Asokoro Summerset Hotel N50,000 Bed & Breakfast N40,000 Bed & Breakfast Ibeto Hotels N25,000 Bed & Breakfast Bolton White Central Business District N25,000 Bed & Breakfast Bolton White Apartment Wuse Zone N20,000 Bed & Breakfast 7 Ayalla Hotel Central Business District N15,000 Bed & Breakfast Jades Hotel Wuse Zone 5 N15,000 Bed & Breakfast 5
Please note that reservations at the hotel will be on first come first served basis, therefore, participants are advised to confirm their bookings with the hotel not later than October 13 th 2017. After this date, the AADFI may not guarantee availability of rooms at the recommended hotels. H. Registration Registration forms should be faxed or emailed immediately to AADFI at Fax (225) 225 225 84/ (225) 225 27941 Email: info@adfi-ci.org/sg3_adfi@yahoo.fr You may also call AADFI Secretariat on: +225 22527940 6
Créée en 1975 Established in 1975 ASSOCIATION DES INSTITUTIONS AFRICAINES DE FINANCEMENT DU DEVELOPPEMENT ASSOCIATION OF AFRICAN DEVELOPMENT FINANCE INSTITUTIONS 06 B.P. 321 ABIDJAN 06 Côte d Ivoire CEO FORUM OF AFRICAN DEVELOPMENT FINANCE INSTITUTIONS (DFIs) Transcorp Hilton Hotel, Abuja-Nigeria November 8-10, 2017 REGISTRATION FORM (To be submitted immediately or before October 6, 2017) Dear Mr. Secretary General, Please register the following Senior Management staff for the above Forum. Mr./Ms./Mrs/ Name ( as written on the passport) Title/Designation The participation fee... has been transferred to your account AADFI (evidence of payment attached) The nominating Institution Name and Address... Fax...Tel...Email... Name of Authorizing Officer... Designation... Signature & Date... AADFI 2017 AADFI DFI CEO Forum 7