high level seminars - african development bank · 13 afdb-emrc sme forum: bridging the missing...

& Other Thematic Seminars

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High Level Seminars

Annual Meetings PORTUGAL 2011

Annual Meetings PORTUGAL 2011

African Development Bank Group The Chief Economist’s Office

& Other Thematic Seminars

High Level Seminars

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T h e 2 0 1 1 A f r i c a n D e v e l o p m e n t B a n k G r o u p A n n u a l M e e t i n g s

Table of contents

7 Towards An Agenda for Inclusive Growth

9 THEMATIC SEMINARS

11 More Efficiency and Equity in the Health Sector to Enhance Progress Towards MDGs12 Making Finance Work for Africa – Book Pre-launching: “Financing Africa: Through the Crisis and Beyond”13 AfDB-EMRC SME Forum: Bridging the Missing Middle Gap in Africa15 Launch of the African Economic Outlook16 Lunch Meeting on Integrated Infrastructure Approach17 Capacity Building on Science, Technology and Innovation (STI) through Education and training:

the ADB experience 18 Presentation of the African Unlisted Startup Index19 AfDB/Exotix African Capital Market Workshop 20 “Green Growth Now: An African Perspective”21 African Financial Markets Initiative Workshop22 The Annual Financial Presentation (Luncheon) 23 The African Governance Outlook24 Regional Infrastructure for Africa’s Transformation and Growth25 Breakfast around the Thematic “Les amis de la Guinée”


27 THE HIGH LEVEL SEMINARS

29 The High Level Seminars

31 THE PLENARY SESSION Towards an Agenda for Inclusive Growth32 HIGH LEVEL SEMINAR N°1 Youth, Employment Creation and Shared Growth in Africa33 HIGH LEVEL SEMINAR N°2 Powering Africa: Financing Energy and Green Growth35 African Financing Partnership (AFP) Steering Committee Meeting and Launch

of AFP Website36 HIGH LEVEL SEMINAR N°3 Private Sector Development and Domestic Resource Mobilization38 HIGH LEVEL SEMINAR N°4 Africa – Innovation Hub for Growth40 Lunch – High Level Seminars41 Rural Water Supply and Sanitation Initiative and Africa Water Facility43 African Business Leadership Award/Cocktail44 Private Equity in Africa45 Launch of the Publication: “Providing Budget Aid in Situations of Fragility”

African Entrepreneurs: Leading Shared Growth and Prosperity46 Lunch – Making the Most of Commodities in Africa: Developing Linkages

for Industrialization47 2011 Review of Development Effectiveness/AfDB Results Framework —

Governors’ Dialogue Event48 CEO Dialogue: African Entrepreneurs: Leading Shared Growth and Prosperity49 African Economic Research Consortium (AERC) – Citi Symposium50 The African Development Bank in North Africa51 High Level Panel Discussion — African Women in Business and Finance:

Financial sector innovations to spur growth52 Civil Society Organization (CSO) Forum53 Food Security in Changing Environment54 Towards development effectiveness — New Paradigms for Busan?

Transparency and Good Financial Governance55 Lunch- Seminar: Migration and Remittances (World Bank & African

Development Bank)56 Africa and the G20 Issues Consultation Meeting

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Towards An Agenda for Inclusive Growth

I witnessed first-hand the Jasmine revolution inTunisia. It was at once exhilarating and sobering.

Exhilarating because of the pace of change and thepalpable sense of optimism. Exhilarating because wesaw people from all walks of life demanding that theirvoices be heard, that the government be held toaccount, and above all demanding justice, to sharethe fruits of progress.

It was sobering, as the underlying causes of therevolution—jobs, exclusion, corruption—had beenpresent for years, and had been largely ignored by theinternational community. It felt sobering to be asked,as I was in the first press conference after Ben Ali hadfled why the international financial institutions had beenfinancing dictatorships and turning a blind eye on poorgovernance. Sobering too when we see the fear thatlegitimate aspirations will be stifled.

There is a broadly similar story in Egypt, and the samefactors are present in other North and Sub-SaharanAfrican countries. It is time to act and do so decisively.Our response in North Africa must not be confined toshort-term actions. This is a long term effort requiringboth short and long term responses.

But it is also a broader African issue. For the pastdecade, Africa has had strong growth. A new economicmomentum has been created. The continent weatheredthe financial crisis and has bounced back. But headlineeconomic growth is not enough. Deliberate policies toreduce inequalities and promote inclusion are nowneeded more than ever. It is time to focus on what peoplewant: decent work, a living wage, access to basicservice, more democracy and accountablegovernments.

Africa and its people aim to be a pole of growth in thedecades ahead.

Two thirds of Africa’s population are under 25, making itthe youngest continent. However far too many Africans,even the better educated, are unemployed and have fewprospects. If they don’t have opportunities, young peoplenaturally will migrate to where they believe there are jobs:to urban areas, worsening urban unemployment, orforeign migration often under precarious conditions. Theinternet means that the young are informed andconnected, and they are demanding social justice.

Promoting inclusive growth is the urgency at the moment.That indeed is the theme for the African DevelopmentBank’s 2011 Annual Meetings here in Lisbon. For Africa,the ingredients are well known: boosting agriculturalproduction, helping small businesses, better quality andrelevant education, encouraging the private sector,improving the investment climate, addressing gender andregional disparities.

The time to unlock Africa’s internal potential is now. It istime to build the physical interconnections that enableeconomic integration and trade within the continent andbeyond. We are challenged to reduce the massive energydeficits that so hamper business and undermine accessto basic services in health and education. Africa providesa unique opportunity to chart a new lower carbondevelopment path, true green growth. It has massiveunused renewable potential in hydro and solar power.

Like the young in North Africa, Africans are demandingthat their voice be heard. Africa wants to participate indecision making on key global issues. That too is anessential element of inclusion.

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Thematic Seminars

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More Efficiency and Equity in the Health Sector to Enhance Progress Towards MDGs

Date Monday, 6 June 2011Venue Lisbon Congress Center Time 7:30 a.m. - 9:30 a.m.

CHAIR

Dr Luis Sambo, Regional Director, World HealthOrganization (tbc)

PANELISTS

Mr. John Rwangombwa, Minister of Finance andEconomic Planning, Rwanda (tbc)Dr. Kwabena Duffour, Minister of Finance and EconomicPlanning, Ghana (tbc)Representative of African Health Economics Association(AFHEA)

PRESENTERS

Mr. Fabrice Sergent, Principal Health Analyst, HumanDevelopment Department, African Development Bank

DESCRIPTION

Many factors contribute to slow progress inmeeting health MDGs in Africa, which includeinsufficient funding but also inefficiency and

inequity. There is not enough money for health, but mostimportantly, there is not enough health for the moneyalready spent. Contributing factors include weakgovernance and accountability, underdevelopedinfrastructure, weak health systems, lack of focus onresults, as well as insufficient harmonization and alignmentof aid. The main sources of inefficiency are well knownand may include, at country level, weak strategy settingleading to inadequate resource allocation and financingoptions; inappropriate procurement, management anduse of drugs; inappropriate staff mix coupled with a lack

of performance incentives; overuse and overfunding ofcertain health services as well as leakages. Inequity ofaccess to health care also contributes to health sectorinefficiency, with the better off capturing the benefits ofpublicly subsidized health services which often remaininaccessible to the poorest, whose out-of-pocket healthexpenditures are enormous and commonly representover half of a country’s total health expenditure. WHOestimates that globally, “20-40% of all health spendingis wasted through inefficiency”. Waste concerns Africaas much as other regions of the world, and the need isfor a joint effort to make the best out of available public,private and aid resources.

This seminar is expected to result in the adoption of anaction framework by participating ministers, which wouldestablish the underlying principles and policy foundationsof enhanced collaboration toward effective and efficientfinancing of health, as well as a commitment towardconcrete actions for that purpose.

• Contribute to create momentum for the abovemention -ed conference of ministers;

• Inform on Bank intended action to address the issueof inefficient and inequitable health in Africa;

• Gather support and ideas from Bank shareholders andstakeholders on the above.

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Making Finance Work for Africa – Book Pre-launching: “Financing Africa: Through the Crisis and Beyond”

Date Monday, 6 June 2011Venue Lisbon Congress CenterTime 8:30 a.m. - 10:30 a.m.

PANELISTS

Prof. Mthuli Ncube, Chief Economist and Vice President,African Development BankMs. Marilou Jane Uy, Sector Director Africa Region,World Bank Mr. Stefan Nalletamby, Coordinator, Making FinanceWork for Africa

PRESENTER

Mr. Issa Faye, Principal Economist, African DevelopmentBank

DESCRIPTION

The result of a collaborative effort of the AfricanDevelopment Bank, the German DevelopmentCorporation and the World Bank, ‘Financing Africa:

Through the Crisis and Beyond’ is a landmark study onthe financial sector in Africa. Using the most recent dataavailable, it documents recent trends in Africa’s financialsectors, progress in the provision of financial services,the state of the continent’s financial services infrastructure,and the efficiency of African financial systems. It takesstock of recent changes and reviews the long-termprospects for African finance and proceeds to providepolicy analysis and recommendations for policymakers,development partners, and financial institutions. The bookis to be launched in September 2011.

The aims of the pre-launch event at the AfDB meetingsare twofold:

- Stimulate the debate on Africa’s financial sectordevelopment and reiterate its importance for the MakingFinance Work for Africa initiative and the AfricanDevelopment Bank’s agendas by presenting the findingsof the publication ‘Financing Africa: Through the Crisisand beyond’; and

- Generate publicity for the book before it is published.


AfDB-EMRC SME Forum: Bridging the MissingMiddle Gap in Africa

Date Monday, 6 June 2011Time 9:00 a.m. - 6:00 p.m.

andDate Tuesday, 7 June 2011Time 8:30 a.m. - 6:00 p.m.Venue Lisbon Congress Center

CHAIR

Mr. Bobby Pittman, Vice President, Infrastructure, PrivateSector and Regional Integration, African DevelopmentBank

PANELISTS

Mr. Clive Tasker, CEO, Stanbic South AfricaMr. Fabian Kasi, Managing Director, Centenary Bank,UgandaMr. Tony Okpanachi, MD, Cluster Head of the EAC,EcobankMr. Prince Amoabeng, Managing Director, UT Bank,GhanaMr. Dennis DiDonna, Director, Entrepreneurial FinanceLabs, Harvard UniversityMr. Paul Lamontagne, CEO, Enablis EntrepreneurialNetwork, CanadaMr. N.K. Maini, Dep. General Manager, Small IndustryDevelopment Bank of India (SIDBI)Mr. Jurie Willemse, Managing Director, GroFin

MODERATOR

Mr. Timothy Turner, Director, Private Sector Operations,African Development Bank

DESCRIPTION

Over 95% of the total stock of businesses in Africaare micro (very small), small and medium-sizedenterprises (MSMEs). The role of MSMEs in

creating jobs, contributing to GDP and growth is widelyrecognized as is their participation in all areas of theeconomy including production, marketing andconsumption. Micro and small businesses fulfill a vitalsocial function in providing incomes, products andservices especially for the poor and vulnerable. Small andMedium Enterprises (SMEs), an important sub group, area seedbed for local private sector development and area key vehicle for promoting an enterprise culture in anysociety.

There is the need to draw a clear distinction betweenbusiness owners whose sole objective is to securesubsistence income from their activities on one hand(mostly micro/very small enterprises) and entrepreneurswho wish to grow their businesses and extend theirfinancial base on the other (mostly SMEs). Although fewerin number, the latter have a key role to play in anysustainable development strategy. This conference willfocus in particular on the latter category, given theirpotential to create jobs and grow to become medium-sized and large enterprises, thereby addressing the issueof ‘the missing middle’ in Africa. The ‘missing middle’ isone of the greatest constraints to private sectordevelopment in Africa.

The goal of this side event is to focus attention on thegap in capital and other forms of support for the MissingMiddle in SSA. Best practices of banks, venture funds,

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other financial intermediaries as well as SME non-financialsupport institutions will be showcased in an effort toaccelerate commitments to this very important enterprisesegment. The Missing Middle presents an unparallelopportunity for investors to achieve competitive financialreturns and social impact. Many believe that after microfinance, addressing and closing this funding gap is thenext stage of financial market development.

The side event offers the AfDB the opportunity to reflecton the needs of the African ‘missing middle’ and the gapsin the provision of services to this important segment; it

allows AfDB to evaluate how best it can provide adequatesolutions along with its partners. The AfDB intends tobuild on the work initiated by the G20 SME FinanceInitiative, and make use of the opportunity of this eventto identify specific needs and opportunities for furtherintervention and engagement in Africa.

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Launch of the African Economic Outlook

Date Monday, 6 June 2011Venue Lisbon Congress CenterTime 10:00 a.m. - 12:00 p.m.

CHAIR

Prof. Mthuli Ncube, Chief Economist and Vice President,African Development Bank

PANELISTS

Mr. Luis Brites Pereira, Professor, Universidade Novade LisboaMr. Pedro Conceição, Chief Economist, Regional Bureaufor Africa, United Nations DevelopmentProgramme(UNDP)Mr. Emmanuel Nnadozie, Director, Economic Develop -ment and NEPAD Division, United Nations EconomicCommission for Africa (UNECA)Mr. Mario Pezzini, Director of the OECD DevelopmentCentre

DESCRIPTION

The African Economic Outlook (AEO) is an annualpublication jointly prepared and published by theAfDB, the Development Centre of the Organization

for Economic Co-operation and Development (OECD),the United Nations Development Programme (UNDP)and the United Nations Economic Commission for Africa(UNECA). The AEO has received generous financialsupport from the European Commission and theCommittee of Ambassadors of African, Caribbean andPacific States.

The Report surveys and analyzes the economicperformance of African economies and providesinformation on a country-by-country basis on the short-to medium-term prospects on the Continent. The 2011edition of the AEO covers 51 African countries, up from50 countries in the previous year. Each year, the Reportaddresses a specific theme that focuses on a critical, butunder-researched area of Africa’s socio-economicdevelopment. The theme for this year is: “Africa’sEmerging Partners”.


Lunch Meeting on Integrated Infrastructure Approach

Date Monday, 6 June 2011Venue Ritz HotelTime 12:00 p.m. - 2:00 p.m.

PANELISTS

Mr. Karim Wade, Minister of Cooperation, Air Transport,Infrastructure and Energy, Senegal

Ms. Aminata Niane, CEO of APIX (Agency for PrivateInvestment in Infrastructure) SenegalMr. Marc Dimmer, Senior Investment Officer, PrivateInfrastructure Finance, Private Sector Operations, AfricanDevelopment BankMr. Rolando Borges Martins, CEO of Parque Expo

MODERATOR

Ms. Tas Anvaripour, Manager, Private InfrastructureFinance, Private Sector Operations, African DevelopmentBank

DESCRIPTION

The integrated infrastructure development in Africais one of the main priorities of the Bank and theinternational development community. This

integrated approach will be discussed with the AnnualMeetings participants through the presentation of a Bankproject in Senegal supporting a full set of inter-dependentinfrastructure projects (e.g. port, highway, airport andpower plant), that would shift the infrastructure networkof the entire country/region.

The event aims at introducing this strategy as a coremodel for a country or a cluster of countries that couldshare some core infrastructure. This approach, althoughselective, could be more efficient in terms of results onthe ground and support to economic growth. Theobjective is also to contribute to the discussion on theBank strategy in infrastructure development.

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Capacity Building on Science, Technology and Innovation (STI) through Education and training: the ADB experience

Date Monday, 6 June 2011Venue Lisbon Congress CenterTime 3:00 p.m. - 5:00 p.m.

PRESENTERS

Mr. Boukary Savadogo, Division Manager, AfricanDevelopment Bank

DESCRIPTION

At the dawn of the twenty-first century, Africa isagain confronted with a number of challenges todevelopment which require innovative policies

and strategies, so as to stabilize and improve the macro-economic and sectoral environment. These newchallenges of development include the growingimportance of the knowledge society/economy, thedevelopment of new trade agreements which includecommercialization of education services, innovationsrelating to information, communication and technology(ICT), and the preponderance given to the role of themarket and the market economy.

In view of its role as the premier finance institution on thecontinent, the Bank in the context of its strategicorientation, formulated a Higher Education Science andTechnology (HEST) Strategy. The HEST Strategy wasdeveloped in recognition of the need to reform andtransform higher education systems in Africa in order toincrease the competitiveness of African countries byconcentrating on provision of the needed expertise inscience and technology as well as incorporatingintermediate and higher level vocational and technicalskills (TVET). The strategy identifies a need to take: “anexpanded view of skills development as being on acontinuum that involves technical, scientific andtechnological aspects… curriculum and programmedevelopment must be informed by a selection of content

and design considerations that cover low-level,intermediate-level , and high-level skills”

The Bank is now working on the development of a rangeof operational strategies in line with the HEST Strategy.This process has involved a wide range of consultationsand in this context that the Bank is planning to hold, inJuly 2011, an Africa Regional STI Forum to (i) to shareexperience and ideas on best practices in promoting STIin Africa; (ii) discuss evolving strategies for developingSTI through education and training systems; and (iii)explore possible operations for the promotion of STI thatcould be funded by AfDB and other developmentpartners.

The purpose of this side event is to discuss the Bank’sexperience and preliminary findings in the developmentof operational strategies for STI in Education and obtaininputs for the planned Regional STI Forum.

Presentation of the African Unlisted Startup Index

Date Monday, 6 June 2011Venue Lisbon Congress CenterTime 5:30 p.m. - 6:30 p.m.

CHAIR


PANELISTS

Mr. Fredell Jacobs, Chief Executive Officer, South AfricanStartup IndexMrs. Mariem Abdelkefi, Professor of Finance, Universityof Tunis

MODERATOR

Mr. Sibry Tapsoba, African Development Bank

DESCRIPTION

The AfDB African Start-up Index (ASI) will serve asan investment visibility monitoring and evaluationtool that tracks start-up company performance.

The index will track high growth potential start-upcompanies based on financial and non-financial indicatorsand rank these companies based on performance andinternational benchmarking. Each company will beassigned an ASI Score based on its overall ranking onthe index. Benchmarking will include industry, sector andcountry reference points for each company in relation tolong term growth potential. The ASI listing process willgive preference to companies that received AfDB financialassistance, university R&D spinoffs, and high growthpotential companies from intrapreneurship and enterprisedevelopment programmes.

The index will employ a combination of quantitative andqualitative indicators. Financial indicators will includeoperational cash flow and employment of capital whilenon-financial indicators will look at organizational andinstitutional capacity including human resourcemanagement, marketing and strategy. Each participatingcountry will have a start-up index which will host listingsfrom local companies and will invite further listings fromcompanies with explicit alignment to high levelmacroeconomic growth opportunities linked to AfDBinvestment programmes. The ASI will thus be acombination of all start-up indices that offer detailedinformation on financial and non-financial indicators.Companies on the country start-up index will be assigneda score which is based on a country benchmark whichwill determine its ranking on the ASI. In addition to thiseach company will have a Survival Indicato which is anindication of company health and sustainability.

The ASI will be piloted in ten countries as part of the firstphase of development and later rolled out to the rest ofAfrica. The product will first be available as an intranetservice and can later be offered as a knowledge productand data service from the AfDB.

The ASI database will be set up as venture capitalcatalogue tracking long-term performance indicators thatwill be published online and as an annual researchpublication. The research publication will serve as acontinental reference point of start-up companyperformance with potential for growth and investment.

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AfDB/Exotix African Capital Market Workshop

Date Tuesday, 7 June 2011Venue Lisbon Congress CenterTime 8:00 a.m. - 10:00 a.m.

FACILITATORS

Mr. Peter Bartlett, MD ExotixMr. Pierre Van Peteghem, Treasurer African DevelopmentBank

DESCRIPTION

The overall objective of the workshop is to promote thedevelopment of African debt capital markets and raiseinvestors’ awareness of portfolio investment opportunities

in Africa. It will be held in the form of a panel discussionwith the participation of three or four large emergingmarket investors alongside representatives from two orthree African Sovereign issuers who will share their viewson how to ensure further mobilization of private sectorcapital in Africa.

Particular topics for discussion would include measurestaken so far to develop local capital markets andstrengthen debt management, plans for the future,barriers to investment, and what African governmentscan do to attract domestic and foreign investors. Inaddition, investors will discuss their expectations andexperiences when investing in Africa.

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“Green Growth Now: An African Perspective”

Date 7 June 2011Venue RITZ FOUR SEASONS HotelTime 08:00 a.m. - 11:45 a.m.

PANELISTS

Mr. Gilbert Tshiongo, Energy Minister, DRCMr. Bobby J. Pittman, Vice President, African Develop -ment BankMr. Aboubacry Baba-Moussa, Infrastructure and EnergyDirector, African Union CommissionMs. Angela Kallhauge, Swedish Energy AgencyMr. Jon Strand, World BankMr. Kevin Chika Urama, African Technology PolicyStudies Network (ATPS) Mr. Bert Diphoorn, UN HABITATMr. Pedro Martins Barata, Clean DevelopmentMechanism (CDM) Mr. Paul Curnow, Baker & McKenzie

SPEAKERS

Mr. Denis Magnan, Electricité de FranceMr. Emile Marquis, RSWMr. Miheret Debebe, CEO, Ethiopian Electric PowerCorporation (EEPCO)Mr. Xaypaseuth Phomsoupha, Director General, Ministryof Energy and Mines, Vientiane, Lao PDR

MODERATOR

Mr. Komla Dumor, BBC

DESCRIPTION

I n order to better promote Africa’s green growthpotential, the African Development Bank is organizinga major twofold event called “Green Growth Now: An

African Perspective." The first part of the event provides

a general discussion on stimulating green growth. Thesecond part, a kind of case study, presents the hugehydropower potential of the Inga site, in DRC. The eventwill be moderated by BBC's Komla Dumor. It is expectedthat President Kaberuka will participate to this side event,and will initial the sustainable energy fund for Africaagreement with the government of Denmark.

08:00 – 09:45 Expert panel discussion on “Promoting Green Growth in Africa”

Experts will discuss the opportunities and trade-offs ofclimate-smart development in Africa, including the keyissues that policy makers must address and the role ofdifferent stakeholders. Debate will cover the pros andcons of fiscal policy changes, the transfer and diffusionof clean technologies and sustainable manufacturingprocesses, and the greening of certain sectors—particularly energy, agriculture and transport.

The event will also serve as a platform to present a coupleof customized climate financing instruments for Africa:the Sustainable Energy Fund for Africa (SEFA) and theAfrica Caron Facility (ACF).

10:00 – 11:45 Inga: Promise of Africa’s power supply security and independence

The Government of the Democratic Republic of Congois committed to developing its hydropower potential,including the implementation over time of the full cleanenergy potential of the Inga site on Congo river,estimated at up to 40,000 MW. Ministers, African bodiesrepresentatives, technical experts will discuss thepreliminary findings of a project preparation analysisfinanced by the AfDB which will identify optimal phasingfor developing Inga clean energy project for the goodof DRC and its potential energy export beneficiarycountries.

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African Financial Markets Initiative Workshop

Date Tuesday 7 June 2011Venue Lisbon Congress CenterTime 10:00 a.m. - 12:00 p.m.

CHAIR

Mr. Charles Boamah, Vice President, Finance, AfricanDevelopment Bank

PANELISTS

Mr. Michael Abraham, Managing Partner, ConcertoFinancial SolutionsMs. Patience Oniha, Director, Market DevelopmentDepartment, Debt Management Office, NigeriaMr. Lahbib El Idrissi Lallami, Deputy Director of Treasuryand External Finance, Ministry of Economy and Finance,Morocco Mr Gerald Nyaoma, Director, Financial MarketsDepartment, Central Bank of KenyaMs. Nontle Kabanyane, Coordinator, African FinancialMarket InitiativeRepresentative of the South African National Treasury(tbc)Representative of Pole Dette, BEAC (tbc)

MODERATOR

Mr. Stefan Nalletamby, Coordinator, Partnership forMaking Finance Work for Africa

DESCRIPTION

To contribute to the development of local-currencydebt markets in the region, the AfricanDevelopment Bank (AfDB), within the framework

of its African Financial Market Initiative (AFMI), is assessingthe value of creating an African Domestic Bond Fund(ADBF), which will be invested in local-currencydenominated sovereign and sovereign guaranteed bonds,issued in African domestic markets. The fund will bepassively managed, with its returns closely correlatedwith an underlying index. Its specific objectives are to:

▪ Reduce African countries dependence on foreign-currency denominated debt;

▪ Encourage the deepening of domestic bond marketsthrough investments in longer-dated assets;

▪ Contribute to the development and diversification ofthe investor base in African domestic bond markets;and

• Create a permanent forum for discussion and provisionof technical assistance on domestic bond marketissues.

The side-event has three key objectives:

1. To present the preliminary outcomes of the feasibilitystudy to stakeholders and development partners;

2. To get initial reactions from policy makers in order torevise and enhance the draft feasibility study, prior tothe regional stakeholder workshops; and

3. To identify possible areas of cooperation among donorson on-going and future bond market developmentinitiatives.

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The Annual Financial Presentation (Luncheon)

Date Tuesday 7 June 2011Venue Lisbon Congress CenterTime 12:00 p.m. – 1:30 p.m.

PRESENTER

Mr. Pierre Van Peteghem, Treasurer African DevelopmentBank

DESCRIPTION

The Financial and operational analysis highlightsrecent developments at the Bank Group and inAfrica. It gives an overview of the Africa operating

environment in 2010 and the thrust of the Bank group’soperations. It also presents the financial performance ofthe institution and a snapshot of its capital marketsactivities.

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African Governance Outlook

Date Tuesday 7 June 2011Venue Lisbon Congress Center Time 3:00 p.m. – 5:00 p.m.

PANELISTS

Dr. Kamal Elkheshen, Vice President, Sector OperationsAfrican Development Bank ADB) Mr. Aloysius Ordu, Vice President, Country and RegionalPrograms and Policy (ADB) Dr. Mthuli Ncube, Chief Economist and Vice-President(ADB) Dr. Frannie Léautier, Executive Secretary, AfricanCapacity Building Foundation (ACBF)Mr. Isaac Lobe-Ndoumbe, Director, Governance,Economic and Financial Reforms Department (ADB) Mrs. Grace Kaimila-Kanjo, Chief Operating Officer(COO), African Capacity Building Foundation (ACBF)

DESCRIPTION

The African Development Bank (ADB) has madegood governance a strategic priority in itsdevelopment agenda with regional member

countries. African countries have achieved significantprogress in improving governance practices, butconsiderable challenges remain to institutionalize goodgovernance and tackle corruption. The thrust of theGovernance Strategic Directions and Action Plan (GAP),which serves as a framework for the Bank’s governance

activities, is to support regional member countriesenhance efficiency, accountability and transparency inthe management of public resources.

In addition to lending operations, the Bank is committedto strengthen its knowledge base on governance to betterinform policy dialogue, operational programming, andquality at entry. It is in this context that the Bank hasdecided to prepare the African Governance Outlook(AGO) report. The AGO is intended to be a flagship reporton financial governance. It will complement existinggovernance assessments, by focusing on financialgovernance and providing an in-depth analysis ofgovernance factors that shape public financialmanagement reform.

The Bank in collaboration with the African CapacityBuilding Foundation launched the AGO pilot program ina selected number of African countries with the objectiveto test the AGO analytical framework and draw lessonsto fine tune the methodology and implementationframework before launching the full-fledged flagshipreport.

The objective of the side-event is to present the objectiveand implementation strategy of the African GovernanceOutlook. The proposed side-event will further offer theopportunity to discuss partnership arrangements withnational, regional and international development partnersin promoting good public financial governance in Africa.


Regional Infrastructure for Africa’s Transformation and Growth

Date Tuesday 7 June 2011Venue Lisbon Congress CenterTime 3:00 p.m. - 5:00 p.m.

SPEAKERS

Mr. Eduardo Bitran Colodro, Professor of the UniversityAdolfo Ibanez, Chile, and former Minister of Public Works,ChileMr. Antonio Estache, Professor of Economics, UniversitéLibre de Bruxelles, Belgium, former Senior EconomicAdvisor for the Poverty Reduction and EconomicManagement Vice Presidency, World BankMr. Okyu Kwon, Visiting Professor, Graduate School ofFinance, KAIST, Seoul, former Deputy Prime Minister andMinister of Finance and Economy, the Republic of Korea

DESCRIPTION

The Growth Dialogue, a successor network to theGrowth Commission, and the African Center forEconomic Transformation have joined forces to

host this side event to discuss ways in which institutional,planning and regulatory constraints to more effectiveinfrastructure investment can be overcome for the benefitof the continent. It seeks to bring together policymakersfrom different countries with the singular purpose ofidentifying the binding constraints to economic growth.

Infrastructure bottlenecks are a major constraint to Africa'sgrowth. Research has shown that public and privateinvestments in infrastructure are complementary, butserve nations best when there are strong regulatoryenvironments and clarity of understanding amonginvestors. It has also been shown that bundledinvestments yield higher rates of return and in particularcross border investments in transport, electricity, and ICTare key drivers of growth. The Policy Seminar bringssenior policymakers from other continents to Lisbon to

share their experiences and deepen our understandingof regional issues.

The timing of this policy conversation is both urgent andpropitious. It is urgent because the post-crisis globaleconomic situation augurs poorly for global growth ratesand makes it all the more urgent for Africa to becomemore competitive and to trade more inside the continentas well as with the world. It is propitious because the G20Summit in November 2010 has placed development atthe core of its issues for deliberation and the time in rightto highlight major growth impediments that requiresolution. It is the, hopes to move the infrastructure agendaforward and facilitate solutions.

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Breakfast around the Thematic “Les amis de la Guinée”

Date Wednesday 8 June 2011Venue Ritz HotelTime 8:00 a.m. - 9:00 a.m.

MODERATOR

Mr. Kerfalla Yansane, Minister of Economy and Finance,Republic of Guinea

DESCRIPTION

This breakfast/debate is a follow up to the roundTable on Guinea of April 2011 at the annualmeetings of the World Bank and the International

Monetary Funds in Washington, as part of the preparatorystep to the International conference on Guinea plannedfor the end of 2011 in Tunis. Moving towards this majorinternational event, the current event proposes to give aprogress report on the state of current reform and presentthose planned by the Government of Alpha Condé overthe two next years. The Government is conscious that itis by restoring the confidence of the partners and investorsin its institutions and the State of right that it will be ableto offer to its population the “dividends of the democracy”.This will shape Guinea as a privileged pole of investmentin West Africa. The current event is the opportunity foryour Government and the representatives of your privatesector to discuss investment opportunities andpartnership offered by Guinea, in particular in the miningand energy sectors. Dr. Donald Kaberuka, President of the AfricanDevelopment Bank Group, will open this forum on thetopic: “Guinea: reforms and opportunities forinvestments”. Then Mr Kerfalla Yansane, Minister ofEconomy and Finance, Republic of Guinea, will present

the state of current reforms and the prospects. Followingthis presentation, a floor discussion will be opened. Lastly,Dr. Donald Kaberuka, President of the AfricanDevelopment Bank Group will take the floor to draw theconclusions which emerge from the debate and closethe session.

The presentation of the reform agenda of the Governmentand the investment opportunities, in particular in themining and energy sectors, will inform the strategicorientations of the International Conference on Guineaplanned for the end of 2011 in Tunis.

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The High Level Seminars

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The High Level Seminars

The Bank Group’s Boards of Governors AnnualMeetings have traditionally been preceded by HighLevel Seminars and a CEO Dialogue, all designed

to address a major issue/theme of concern to thedevelopment of Africa.

These High Level Seminars sessions are attended bydignitaries from Africa and other regions of the world,development experts from multilateral, bilateral, non-governmental organizations, civil societies, private sectorand the academia. An estimated 500 participants areexpected to attend this plenary session.

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THE PLENARY SESSIONTowards an Agenda for Inclusive Growth

Date Wednesday 8 June 2011Venue Lisbon Congress CenterTime 8:30 a.m. - 9:00 a.m.

MODERATOR


DESCRIPTION

African economies have emerged from the crisisand economic expansion is expected to continue,albeit at a lower rate than before the global crisis.

Growth reached 4.8 percent in 2010, up from 3% in 2009and is likely to accelerate to more than 5% in 2011 and2012. In the four years before the global financial crisis,the continent´s growth was on average 6%.

Thanks to economic reforms, improved governance andprudent fiscal policies, inflation in Africa fell to 7 percentin 2010 –from an average of 10% in 2009– and isexpected to remain at around this level in 2011 and 2012.The growth has been strong, and over the last decade,the continent was ranked the third fastest growing regionafter Asia and the Middle East. This trend might, however,be reversed if food and fuel prices continue their recenthike.

The recent wave of social upheaval sweeping North Africaand other parts of Africa, calling for more inclusive growth,more accountability and better political governance, ispartly as a result of a growth process that failed togenerate adequate jobs and opportunities for the majorityof the populations. It is also a clear message to theimportance of a more equitable income distribution in thecountries.

Furthermore, although the continent has recorded growth,the number of poor has increased in many countries.Thus, policies for inclusive growth should be an importantcomponent of most African government strategies forsustainable growth and poverty reduction. It is in thiscontext that the African Development Bank Group willhold its 2011 Annual Meetings under the general theme:“Toward an Agenda for Inclusive Growth in Africa”.

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HIGH LEVEL SEMINAR N°1Youth, Employment Creation and Shared Growthin Africa


PANELISTS

Ms. Obiageli Ezekwesili, Vice President for the AfricaRegion, World BankProf. Ernest Aryeetey, Vice Chancellor, University of GhanaMr. Jean Kacou Diagou, President, NSIA Group, Côted'IvoireMr. Paulo Gomes, Managing Partner. Constelor Group,LLC, USAMs. Daphne Mashile-Nkosi, Executive Chairperson,Kalagadi Manganese (Pty) Ltd, South Africa

MODERATOR

Mr. Buchizya Mseteka, Founder and Chief Executive,Leriba Risk Management and CommunicationsConsultancy

DESCRIPTION

Since the year 2000, African countries haveexperienced a strong economic growthperformance. Improving economic policy

management, resulting from years of economic andstructural reforms, positive domestic private sectorresponses, and a generally conducive internationalenvironment have combined to create opportunities forAfrican countries to reverse the poor economicperformance experienced during the 1980s and 1990s.However, faster growth in the continent has not broughtabout improvements in the employment situation and,today, unemployment remains high in several Africancountries and has become a key challenge for economicdevelopment.

Ironically, the reform process that created the improvinggrowth performance has had some countercyclical effectson unemployment. Civil and public service reformsresulted in the retrenchment of workers in the publicservice, the major sector of formal employment, drivingup unemployment rates in many countries. In addition,the small size and limited capacity of the private sectorto absorb job seekers has exacerbated theunemployment problem. Also, over the last two decades,the potentially dynamic and buoyant informal sector hasnot been effective in absorbing job seekers.

As a result, the labour market of many African countriesis characterized by an excess supply of unskilled labourand little effective demand for such labour in the formalsector. The unemployment trends in Africa show that thesituation has not changed much over the past twodecades. More importantly, the youth that constituteabout 35 per cent of the working-age population in Africahas the highest unemployment and underemploymentrates. Thus, youth unemployment has increasingly cometo be recognised as one of the most serious socio-economic problems currently confronting many Africancountries.

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HIGH LEVEL SEMINAR N°2Powering Africa: Financing Energy and GreenGrowth


PANELISTS

Prof. Ogunlade Davidson, Minister of Energy and WaterResources, Sierra LeoneMr. Kevin Whitfield, Head of African Treasuries, Carbonand Financial Products Unit, Nedbank Group Limited,South AfricaMr. Manuel Ferreira De Oliveira, CEO, GALP Energia,Portugal

Mr. Abdoulaye Diop, Minister of State, Minister ofEconomy and Finance, Senegal

MODERATOR

Mr. Daniel Makokera, Director, Pamuzinda Productions

DESCRIPTION

The strong economic performance of Africa duringthe last ten years, as well as its estimatedeconomic growth, will lead to an ever-increasing

energy demand across the continent. Unfortunately, thegrowth in power supply has not been sufficient.Consequently, it has become crucial to implementconcrete measures to end energy insecurity and to setAfrica on a sustainable energy path. Africa has now thepossibility to use its abundant natural resources coupledwith an expanding number of innovative environment-related financing instruments, to significantly decreaseits energy gap and do it, growing under a low-carbon,clean energy path that will attract more than ever theinterest and participation of donors and private investorsin support of strong growth, job creation, and povertyreduction on the continent.

Currently, the main challenges facing Africa’s power sectorare: (i) inadequate generation capacity; (ii) limitedelectrification; (iii) low power consumption; (iv) unreliableservices; (v) high average generation costs; and (vi) afinancing gap of approximately USD23 billion per year.To fight the aforementioned challenges, Africa will requirea paradigmatic shift in the development of the powersector in order to tap into its vast renewable resources,including hydro-potential (estimated around 1,750 TWh),geothermal (estimated at 9,000 MW), wind, and solar.These sustainable sources of energy are in the frontlineto respond to the needs of Africa’s large rural and oftengeographically dispersed population, which will best and

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in some cases only be reached in the long term by off-grid technologies. Furthermore, they can provide thenecessary scale to avoid dependence on costly small-scale national power systems, which are heavily relianton expensive fossil fuel-based generation.

A shift towards clean energy solutions will allow Africa totap into existing concessionary resources that reducethe costs and risks of such investments while providingan extremely valuable leverage of private sector resources.An example is the USD4.3 billion Clean Technology Fund,which is expected to leverage at least four times this valuein clean energy solutions, including energy efficiency,renewable energy, and sustainable transport investments.

Nevertheless, given the high costs of clean energysolutions and the existing financing gap, a portfolio offinancing sources will have to be considered andsustained to meet current and future demand. This High-Level Seminar provides the opportunity to examine thechallenges and opportunities of the Power Sector inAfrica. It also builds in the public and private financesources, emphasizing the measures needed to attractprivate investments to the sector including a write-up onPublic-Private Partnerships. It draws on innovativefinancing mechanisms designed to raise additional funds,

and ways to optimize both private and public financingmethods. Finally, it examines the role of multilateraldevelopment bank and other international financialinstitutions that, in addition to applying their own financingmechanisms, can facilitate large-scale regional energyprojects and help raise Africa’s influence and voice in theallocation, administration and absorption of global climate-related resources.

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African Financing Partnership (AFP) SteeringCommittee Meeting and Launch of AFP Website

Date Wednesday 8 June 2011Venue Lisbon Congress CenterTime 9:00 a.m. - 12:00 p.m.

PANELISTS

Mr. Admassu Tadesse, Executive VP InternationalDivision, DBSAMr. Karl Weinfurtner, Head DEG AgribusinessDepartment, DEGMr. Patrick Walsh, Director ACP, EIBMr. Idsert Boersma, Manager, Global PartnersDepartment, FMOMr. Gert Gouw, Chief Financial Officer, IDCMr. Jean Phillipe Prosper, Director, Eastern andSouthern Africa, IFCMr. Laurent Demey, Deputy CEO and Chief InvestmentOfficer, Proparco

MODERATOR

Mr. Timothy Turner, Director, Private Sector Operations,African Development Bank

DESCRIPTION

This is a meeting requested by the members of theAfrican Financing Partners Steering Committeewho are attending the Bank Group Annual

Meeting. The meeting will address the practicalities ofbuilding the AFP into a leading distribution channel forAfrican development finance. Specific areas fordiscussion will include exploring ways to harmonize keyproject appraisal/due diligence parameters including creditpolicies, mutual reliance on due diligence, E&Sassessment, KYC and compliance. It will also addresshow AFP will operate in parallel with other distributionmechanisms such as the DEG/FMO/Proparco axis andthe IFC’s Master Cooperation Agreement.

Following the conclusion of agreements to establishoperating guidelines and common-form confidentialityundertakings, the objective of the meeting is to transitionthe AFP from its establishment phase to the operationalstage. An indicative pipeline should be established witha number of projects selected to pilot the partnership.

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HIGH LEVEL SEMINAR N°3Private Sector Development and Domestic Resource Mobilization


PANELISTS

Mr. Tendai Biti, M.P., Minister of Finance, ZimbabweMr. Jalloul Ayed, Minister of Finance, TunisiaProf. Njuguna Ndung'u, Governor, Central Bank, KenyaMr. Noah Greenhill, Senior General Manager: Marketingand Business Development, JSE Securities ExchangeSouth AfricaMr. Jean Baptiste Compaoré, Deputy Governor,BCEAO, SenegalMrs. Nonkululeko Nyembeziheita, Chief ExecutiveOfficer, ArcelorMittal South Africa (AMSA)Mr. Arnold Ekpe, Director General, Ecobank, Togo

MODERATOR

Mr. Patrick Smith, Editor, Africa Confidential

DESCRIPTION

Africa’s near term economic outlook remains verypositive, despite the recent adverse effects of theglobal economic crises. Over the last decade,

productive internal structural reforms, progress in regionalintegration, improved political climate and reducedconflicts have combined with a largely favourable externalenvironment – in terms of higher commodity prices andincreased resource inflows - to spur economic activity.Moreover, the considerable improvement that has takenplace in the business climate has enabled private sectoractivity to generally respond positively to governmentprogrammes.

However, the global economic crisis has shown howuncertain external flows are for African governments.

Several countries faced reduced export revenues;considerable uncertainty was experienced with regardto future foreign investment and aid inflows, while highlevels of indebtedness remained a concern. In fact theglobal economic crisis has given a new impetus todialogue on domestic resource mobilization in Africa toeffectively and sustainably bridge the persistentdevelopment-financing gap. The recent global uncertaintyposes important challenges to fiscal policies in Africa andmore so in the most vulnerable African countries. Publicfinances are under additional strain in Africa as aid-providers are facing significant fiscal shortfalls at home,and are forced to take severe fiscal adjustment measures.

Various factors have amplified the importance ofincreasing domestic resources in Africa, not necessarilyby increasing taxes but by improving the efficiency of the

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tax administration and the broadening of the tax basethrough a vibrant private sector. Indeed, as the UnitedNations’ Monterrey Consensus on financing forDevelopment acknowledged earlier in 2002, externalfinancial resources for development are inadequatetowards meeting the MDGs. The Monterrey Consensusstressed the necessity to develop new strategies bymobilizing domestic resources.

The attractiveness of Domestic Resource Mobilization(DRM) is quite apparent. DRM avoids the restrictionsand conditionality often present in financing from externalsources and is also likely to support increased domesticownership of the development agenda. DRM also hedges

against the potential volatility of access to externalresources such as FDI and export earnings. IncreasedDRM through a well-functioning financial system willcontribute significantly to private sector expansion.Indeed, global development success stories indicate thatbetter mobilization of a country’s own resources and lessdependence on aid and other foreign finance, are key forsustained, strong and shared growth.

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HIGH LEVEL SEMINAR N°4Africa – Innovation Hub for Growth


PANELISTS

Mr. McLean Sibanda, Chief Executive Officer, TheInnovation Hub, South AfricaProf. Dorothy McCormick, Research Professor, Instituteof Development Studies, University of Nairobi, KenyaMr. Romain Murenzi, Executive Director, TWAS (TheAcademy of Sciences for the Developing World), ItalyMr. Cheikh Modibo Diarra, Microsoft Chairman for Africa,South AfricaMrs. Frannie Léautier, Executive Secretary, The AfricanCapacity Building Foundation (ACBF), Zimbabwe Mr. Tshepo Mahloele, Chief Economist of Harith andMember of the Board of Trustees, Pan AfricanInfrastructure Development (PAIDF), South Africa

MODERATOR

Dr. Reuben Abati, Chairman, Editorial Board of TheGuardian newspapers, Lagos, Nigeria

DESCRIPTION

I nnovation is complex and this stems from the fact thatit is a multifaceted phenomenon. It is part and the resultof a long process and a big picture encompassing

education, culture and attitudes towards risk. It is shapedby formal institutions, such as market regulation andincentives, and it depends on a stable environment withsound governance mechanisms, based on the rule of law.

Innovation is about creating value from knowledge. Itinvolves the provision of new goods or services to themarket or finding of new ways to improve services,produce goods, organize production process and/or

develop a market. Thus knowledge is the key factor forinnovation. It can come from a formal process, such asresearch and development (R&D), it can be indigenousknowledge developed over decades of learning from theenvironment, or it can be local knowledge of what worksand what does not. Innovation is driven by entrepreneurswho take risks and change things. Learning how tosupport innovation in developing countries is a challenge,

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and rising to the challenge will help people to createwealth and to contribute to the progress of their society.

Although countries are diverse and “one size does notfit all”, innovation has been instrumental in the doubledigit economic growth of all developed and emerging

countries. Between 1960 and 1965, period when mostAfrican countries became independent, the average percapita income (in purchasing power parity terms) of SouthKorea and Singapore were lower than those of Africancountries such as Cameroon and Ghana. In the 1980s,the average per capita incomes of South Korea andSingapore were respectively three and eight times higherthan those of Sub-Saharan Africa. The high growth ratesin Asia’s emerging countries have been sustained aprofound structural change in the economies, based oninnovations, strong sectoral performance and clear vision.To sustain growth, these countries addressed issuesrelated to policy coherence, innovation ecosystem,knowledge markets, investments in R&D and thestrengthening of mechanisms that convert knowledge tojobs and wealth.

In Africa, similar paths are being witnessed –althoughslowly– rooted on transformational role of technologies.Indeed, mobile banking is creating a revolution in thebanking and financial markets, and countries are makingthe necessary adaptations in their policy and regulatoryframeworks to open up the required space for privateinvestors to intervene. The recent turbulence created bythe three crises (food, fuel and financial) has createdopportunity to immediately permit innovation as a catalystand contributor to accelerated growth, poverty reductionand social cohesion.

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Lunch – High Level Seminars

Date Wednesday 8 June 2011Venue Lisbon Congress CenterTime 1:30 p.m. - 3:00 p.m.

GUEST SPEAKER

Mr. Zeinal Abedin Mahomed Bava, Chief ExecutiveOfficer, Portugal Telecom SGPS SA

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Rural Water Supply and Sanitation Initiative and Africa Water Facility


PANELISTS

Mr. Bobby Pittman, Vice President, Infrastructure, PrivateSector and Regional Integration, African DevelopmentBankMs. Clarissa Brocklehurst, Chief Water, Sanitation andHygiene WASH UNICEFMr. Michel Camdessus, Honorary Governor of Banquede France, Chairman of the French Financing Corporation,Former Managing Director of the International MonetaryFund

H.E. Bruno Jean-Richard Itoua, Minister of Energy andHydraulics, Republic of CongoMrs. Edna Bomo Edith Molewa, President of AMCOWand Minister of Water Affairs, South AfricaDr. Wael Khairy, Executive Director, Nile Basin InitiativeSecretariat (tbc)

SPEAKERS

Mrs. MaTshepo Khumbane, Grassroots DevelopmentActivist and Small-Scale Farmer, South Africa

MODERATOR

Mr. Komla Dumor, Broadcast Journalist, BBC

DESCRIPTION

I t is widely accepted that there is a strong link betweenwater investments and economic growth. The Bankestimates Africa’s water infrastructure requirements at

US$ 50 billion and yet identifies US$ 20 billion as financinggap. With insufficient traditional ODA to meet the needsof the sector, there is a pressing requirement forGovernments to look at innovative and non-traditionalways to address this financing gap.

The Rural Water Supply and Sanitation Initiative (RWSSI)was conceived in 2003, as a response to the call for aninnovative approach to accelerate access to drinkingwater supply and sanitation in rural Africa. The initiativehas been very successful in leveraging funds (around UA2.6 billion) to the plight of the rural people in terms ofWSS. As of end 2010, over 33 million people had alreadygained access to drinking water and nearly 20 million hadimproved sanitation as a result of the initiative.Furthermore, the Bank through the RWSSI programmeshas been successful in promoting Paris Declarationcommitments leading to greater harmonization and


coordination in several countries and increasedcollaboration among development partners supportingthe sector.

The African Water Facility (AWF) is a funding mechanismestablished in 2004 focused on mobilizing and applyingresources for the African water and sanitation sector. Itwas established through the initiative of the AfricanMinisters Council on Water (AMCOW), and is managedand administered by the African Development Bank. Thefacility comprises of 67 projects valued at 80 million Eurosand is increasingly recognised as filling a role which isnot being well met by other traditional funding agenciesor mechanisms, and complements well other initiativesin the sector. More specifically, RMCs and regionalinstitutions greatly benefit from the proactive approachof the facility to unblock and leverage more investments.Indeed, to date over 360 million Euros have beenmobilised to finance water sector follow-on interventions.

Both the RWSSI and the AWF are facing resourcemobilization challenges. The resource uncertainty posesimportant threats to achievement of the targets set outby both initiatives. This side event would provide anopportunity for RWSSI and AWF to present achievementsand the way forward, and demonstrate accountabilitywith the funds already provided.

The objective of this side event is to sensitize Governorsand Development partners on the two initiatives,particularly on their achievements and challenges and isseen as a milestone in the preparation of the InternationalDonors conference on RWSSI/AWF financing needs tobe held in Paris in September 2011.

High-Level SeminarsClosing CeremonyDate Wednesday 8 June 2011Venue Lisbon Congress CenterTime 5:00 p.m. - 6:30 p.m.

CHAIR

Dr. Donald Kaberuka, President, African DevelopmentBank

GUEST SPEAKER

Mr. Viswanathan Shankar, CEO, Standard CharteredEurope, Africa and Middle East

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43


African Business Leadership Award/Cocktail


Award Winner: To be announced during the ceremony

PRESENTERS

Dr. Donald Kaberuka, President, African DevelopmentBankMr. Papa Madiaw Ndiaye, CEO, African Finance &Investment Group (AFIG)Mr. Patrice Backer, COO, African Finance & InvestmentGroup (AFIG)

DESCRIPTION

The African Business Leadership Award (ABLA)was established in partnership between theAfrican Development Bank and Advanced

Finance & Investment Group (AFIG), a private equityfund manager. Launched in 2009, it honors, on an annualbasis, African men and women who have madeoutstanding contributions to the growth of business andthe private sector in Africa. ABLA seeks to highlight thework of an individual or institution to positively affect thevarious stakeholders of the African private sector:customers, shareholders, employees, governments,and any other economic entity involved with the Africanprivate sector.

ABLA is an opportunity for African businessmen andwomen to single out among their peers, those who havedared to turn their vision into action. In this manner, thoseexceptional achievers can inspire others and thuscontribute to the emergence of dynamic and successfulAfrican businesses not only across the continent but alsoon a global scale.

ABLA 2009 celebrated the successes of an exceptionalleader in Africa, Mrs. Louisa Mojela, a South Africannational who is Group Managing Director of WomenInvestment Portfolio Holdings Ltd. The 2010 recipientwas Mr. Tijani Babatunde Folawiyo, a Nigerian citizenwhose professional achievements and social outreachhave made him a standard-bearer for the modern Africanentrepreneur. This year marks the third time the AfricanBusiness Leadership Award is being presented.

The success of the previous editions of ABLA was madepossible thanks to the support of key players in the Africanprivate sector, who have teamed up to recognizeexceptional achievers among the African private sector.The African Development Bank, Africa’s premierdevelopment finance institution, with a demonstratedcommitment to the development of the African privatesector, is once again a primary sponsor of the event.

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Private Equity in Africa

Date Thursday 9 June 2011Venue Lisbon Congress CenterTime 9:00 a.m. - 3:00 p.m.

CHAIR

Mr. Bobby Pittman, Vice President, Infrastructure, PrivateSector & Regional Integration

PANELISTS

Mr. Timothy Turner, Director, Private Sector and Micro-Finance Department, Africqn Development BankMr. Ephraim Letebele, CEO, Botswana Public OfficersPension Fund (BPOPF) Mr. Elias Masilela, CEO, Public Investment Corporation(PIC)Mr. Panos Voutyritas, CIO, Kingdom ZephirMr. Abdellatif Nasserdine, Partner, Infra-InvestMr. Aziz Mebarek, Partner, TuninvestMr. Stephen Murphy, CEO, Citadel Africa JointInvestment FundMr. Papa Ndiaye, CEO, AFIGMr. Tarun Brahma, Head of Private Equity, FMOEntrepreneurial Development BankMr. Matthew Hunt, Director, South Suez Capital Ltd (SSC)

DESCRIPTION

The AfDB is establishing itself as an investor ofreference in the African Private Equity (PE) market,as no IFI or DFI has a presence on the African

continent comparable to that of AfDB. The Private Equityside event will encourage the Bank to find ways ofenhancing its capacity to add value to its PE investmentsand expand the knowledge of the PE industry in thecontinent.

The side event will: (i) provide a networking platform forfund managers interested in the PE industry in Africa andlooking for ways of drawing capital to the continent; (ii)present case studies of existing funds that the Bank isalready engaged with – to allow others to betterunderstand the challenges of the terrain as well as theopportunities available; and (iii) host a panel discussionon PE to expand the knowledge of the African PE Industryboth to the Bank’s shareholder base and potentialinvestors. Furthermore, the side event will also presentan opportunity for the Bank to engage with other DFI PEco-investors to discuss and share their experiences,lessons learnt and best practises.

The objective is to:

• expand the knowledge of PE in Africa and ADB’sinvolvement in this sphere;

• provide a networking platform for fund managers, bankshareholders, private investors and DFI’s;

• encourage partnerships with organisations andinstitutions to reinforce efforts of attracting further privatesector investment into the continent; and

• encourage partnerships with organizations that arealready investing on the continent and efforts made toencourage larger scale investment.

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Launch of the Publication: “Providing Budget Aidin Situations of Fragility”

Date Thursday 9 June 2011Venue Lisbon Congress CenterTime 11:00 a.m. - 1:00 p.m.

PANELISTS

Dr. Kamal El Kheshen, Vice President Sector Operations,African Development BankH.E. Augustine Kpehe Ngafuan, Minister of Finance,LiberiaH.E. Clotilde Nizigama, Minister for Economy, Financeand Development Cooperation, BurundiH.E. Helena M. J. Nosolini Embalo, Minister ofEconomy, Planning and Regional Integration, GuineaBissauMr. Neil Cole, Executive Secretary Collaborative AfricanBudget Reform Initiative, South AfricaMr. Jose Correia Nunes, Head of Economic Governanceand Budget Support, European CommissionMr. Nicola Pontara, Senior Economist, Fragile andConflict-Affected Countries Group Operations Policy andCountry Services, World BankMr. Gabriel Negatu, Regional Director, East Africa, AfricanDevelopment Bank

MODERATOR

Mr. Isaac Ndoumbe Lobe, Director, GovernanceEconomic and Financial Management Department,African Development Bank

DESCRIPTION

This event is organized by the Fragile States Unitand the Governance, Economic and FinancialManagement Department of the African

Development Bank for the official launch and discussionof the new joint AfDB and World Bank publication:“Providing Budget Aid in Situations of Fragility: A World

Bank – African Development Bank Common ApproachPaper.” The launch will focus on highlighting stakeholderviews on the concrete recommendations, next steps andimplementation of this Common Approach.

This new publication emerged from discussions datingback to 2008 among the key multilateral actors in theprovision of budget aid in situations of fragility. At the coreof these discussions is a belief that improving thecoordination and pooling of risk management in providingbudget aid in these environments strengthens themultilaterals in being able to support the transition fromfragility to resilience. The key premise behind thispublication is a need for more predictable budget supportaimed at addressing the root causes of fragility andconflict.

The European Commission and International MonetaryFund were important partners throughout the preparationof the paper.


Lunch – Making the Most of Commodities inAfrica: Developing Linkages for Industrialization

Date Thursday 9 June 2011Venue Lisbon Congress CenterTime 12:00 p.m. - 2:00 p.m.

CHAIR


PRESENTERS

Prof. Mike Morris, Director, CSSR and PRISM, Universityof Cape TownProf. David Kaplan, Professor of Business GovernmentRelations, GSB and Professor of Economics, Universityof Cape Town

DESCRIPTION

Commodity prices have been robust since the early2000s and have been one of the factors drivingthe revival of growth in Africa. However, it is in

the nature of mining and energy commodities thatproduction and returns are highly concentrated, bothgeographically and in relation to the beneficiaries of thecommodities sector. As a consequence, in manyeconomies, and particularly in commodity-dependentAfrican economies, the spread effects of the commoditysector have been widely perceived to have been bothlimited and sub-optimal. The policy challenge, therefore,is to develop strategies which allow commodity exportingeconomies to escape the widely-perceived “commoditycurse” and to “Make the Most of Commodities”.

The policy debate on commodities is beset by two majordifficulties. First, it has been dominated by “financiallinkages”, that is by fiscal concerns on taxes and royalties.Relatively scant attention has been paid to “industriallinkages”, both backward into supplying the commoditysectors’ needs and forward into the processing of thecommodity sectors’ outputs. Second, there is a largemeasure of ignorance about the nature, the extent andthe drivers of these linkages. This limited understanding,both on the sides of governments and the corporatesector, frequently has led to a polarisation which has beenone of the major factors limiting the development ofindustrial and service linkages into the commoditiessector.

This side-event will explore win-win cooperative policiesbetween mining companies and African governments.

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2011 Review of Development Effectiveness/AfDBResults Framework — Governors’ Dialogue Event


PRESENTER

Mr. Nkosana D. Moyo, Vice President and ChiefOperating Officer, African Development Bank

DESCRIPTION

Drawing on the findings of the Annual DevelopmentEffectiveness Review 2011, the presentationhighlights some of Africa’s key development

challenges and what the Bank’s response has been inaddressing them. It gives an overview of Africa’sdevelopment landscape in 2010 and illustrates theperformance of the Bank in supporting Regional MemberCountries achieving their development objectives.

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CEO DIALOGUEAfrican Entrepreneurs: Leading Shared Growthand Prosperity


PANELISTS

Dr. Donald Kaberuka, President, African DevelopmentBankMr. Kalaa Mpinga, Chief Executive, Mwana Africa Plc,South AfricaMr. Robert Gumede, Executive Chairman, Gijima GroupLtd, South AfricaMr. Jubril Adewale Tinubu, CEO of Oando, NigeriaMr. Euving Naidoo, Director, Standard Bank of South AfricaMr. Antonio Mexia, CEO of Energias de Portugal S.A.(EDP), PortugalMr. Aziz Mebarek, CEO, Tuninvest, TunisiaMme Samba-Panza Catherine, CEO, Gras Savoye,Republic of Central Africa

MODERATER

Ms. Lerato Mbele, Anchor, CNBC Africa, South Africa

DESCRIPTION

I t is generally agreed that the private sector holds thekey to growth and prosperity, and Africa is the lastfrontier in capitalism. As such, entrepreneurs are a

dynamic force of change, leading in innovation,employment and wealth creation and thus growth andpoverty reduction. There is no doubt that theentrepreneurial spirit in Africa is vibrant and that Africanmarkets are lucrative. Yet by most accounts Africa is seenas a very difficult place to do business. It is often seenas risky and beset by numerous uncertainties. Promotingentrepreneurship is therefore critical to sustaining growthand reducing poverty in Africa.

African entrepreneurs face many challenges, includingamong others high regulatory and administrative barriers,poor infrastructure, and lack of access to financing aswell as high political and economic risk.

However, beyond these challenges, there are greatbusiness opportunities to exploit in Africa. In his bookAfrica Rising, renowned global business consultant VijayMahajan counsels against looking at Africa through theprism of a continent caught in a “poverty trap” or throughthe “media dark continent”. Instead, Africa should alsobe seen as a remarkable marketplace with massive needsand surprising buying power. He notes that there areclose to 150 million Africans with spending power similarto that in the West, and another 400 million in the middlefrom households with stable jobs. These constitute hugemarket opportunities for business. Among other things,they consume mobile phones, drink cocoa-cola, readbooks and magazines, and their children play MP3s andsurf the net. According to data from the InternationalTelecommunications Union (ITU), in 2008 there were over39 million mobile phone subscribers in East Africa and6.7 million internet users. Using U.S. 8 fluid ounces offinished beverage, Cocoa-cola reports that in 2008 percapita consumption of its beverage products was 36ounces in Kenya, much higher than 7 in India, thoughstill lower than the global average of 85.

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49


African Economic Research Consortium (AERC) –Citi Symposium

Date Friday 10 June 2011Venue Lisbon Congress CenterTime 8:30 a.m. - 10:30 a.m.

CHAIR

Mr. David Cowan, Africa Economist, Citi

PANELISTS

Mr. Anthony M. Simpasa, Bank of ZambiaMr. Ibrahim Elbadawi, Dubai Economic Policy andResearch CenterMr. Robert Nkendah – Lecturer-Researcher – TheUniversity of DoulaProf. Mthuli Ncube, Chief Economist and Vice President,African Development BankMr. Marc Auboin, Trade Finance Specialist, World TradeOrganisation (WTO)Senior Official of Sovereign Wealth Fund (TBD)

DESCRIPTION

Since 2008, Citigroup and the African EconomicResearch Consortium (AERC) have jointlysponsored successful symposia on the occasion

of the Bank's annual meetings. The goal of the symposiahas been to improve dialogue between researchers, theprivate sector and policy makers and about the policyoptions facing African countries. The structure has beento have leading academic researchers and policy makersmake short presentations based on current research andthen encourage a wider debate with the audience on thekey issues and themes raised. These symposia havedrawn the wide participation of policymakers, officials of

African Central Banks, and regional and internationalorganizations from within and out of the continent.

For 2011, AERC and Citi propose to cover two themes– (1) Natural Resource Management and Capital flows –challenges and opportunities to development with respectto windfall rents arising from natural resources and (2)Intra-Africa Trade Flows; Challenges & Opportunities.

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Date Friday 10 June 2011Venue Lisbon Congress CenterTime 8:00 a.m. - 10:30 a.m.

PANELISTS

Dr. Donald Kaberuka, President, African DevelopmentBankMr. Ahmed Lahimi Alami, Minster, High Commission forPlanning, MoroccoMrs. Magda Kandil, Executive Director and Director ofthe Egyptian Center for Research in Economic StudiesProf. Azzeddine Azzam, University of Nebraska-Lincoln,USA and University of Dubai, UAE

MODERATOR

Mr. Amadou Mahtar Ba, President, All-Africa.Com andChief Executive, Africa Media Initiative

DESCRIPTION

By the end of 2010, the North African countrieswere receiving positive attention and major praisefor their strong economic performance. The

region was recording an average rate of economic growthof around 4.5% for over a decade. The publication of the2010 Human Development Report, brought more

attention to the region as a results of listing three of itscountries - Tunisia, Algeria, and Morocco - among thetop ten economies, in the world, showing the greatestimprovement in human development, as measured bythe Human Development Index (UNDP, HDI, 2010),relative to their 1970 starting points. Not only that, NorthAfrica showed more resilience to the global financial crisisof 2008 and the Euro-zone crisis of 2009 than the restof the African continent, and performed better than nearlyall other regions of the world (except for emerging Asia).Then, as unexpected as a Sahara’s Tornado or aMediterranean’s hurricane, the Tunisian Jasminerevolution erupted followed by an Egyptian Lotuscounterpart. Now, the whole region is simmering waitingfor the next flower to pop-up.

• What went wrong?• What are the real root socio-economic and political

causes of the revolutions?• Do these causes differ from one country soil to the

others?• What are the lessons learned for the North African

experience to the rest of Africa?• What are the implications for the development strategies

for the region and beyond?• What is the role of the Bank in nurturing and fostering

these changes?• Is there is a need for new tools and instruments to be

used in the case of these Middle Income Countries?

The answers to these questions and more will be thetopic of this Panel, composed of North Africa internationalexperts, development practitioners, and internationalleaders.

The African Development Bank in North Africa

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High Level Panel Discussion — African Women in Business and Finance: Financial sector innovations to spur growth

Date Friday, 10 June 2011Venue Lisbon Congress CenterTime 9:30 a.m. - 10:30 a.m.

CO-CHAIRS

Dr. Donald Kaberuka, President, African DevelopmentBankMs. Graca Machel, Founder, Foundation for CommunityDevelopment and Founder, New Faces New Voices

DESCRIPTION

The role of small and medium enterprises (SMEs)as a big driver of economic growth, job creationand poverty alleviation has become an undisputed

fact. The importance of SMEs in the economy showsitself in their contribution to the GDP and employmentwhere again studies show that they “contribute up to45% of employment and up to 33% of GDP in developingeconomies (G20 Report). Within the current globalcontext of limited growth in employment creation by bothlarge enterprises and the government sector, SMEs havea major socio-economic role to play.

The uneven quality of the financial environment in whichmost SMEs in Africa operate is another barrier to growth.For the most part, African SMEs operate in poorlydeveloped financial markets characterized by deficienciesin their financial infrastructure, i.e. credit reporting systems,

collateral and insolvency regimes, and weak legal andregulatory frameworks.

A subgroup within the SME landscape is the position ofwomen entrepreneurs. The challenges faced by women inaccessing financial services are even more acute than fortypical SMEs. Even in countries reporting an increaseranging from 10 - 30% over the last decade in the numberof women run enterprises (such as South Africa and Zambiain the South, Egypt in the North, Ghana, Cote d’Ivoire,Nigeria in the West and Ethiopia, Kenya and Tanzania inthe East), these enterprises still capture, on average lessthan 10% of all capital invested. In Uganda, “women ownabout 40% of businesses with registered premises but onlyreceive about 9% of commercial credit.” (EIU, 2010)

The African Development Bank has launched a numberof financing products in recent years targeted at the SMEsmarket and women entrepreneurs. One of the firstnational loan guarantee schemes was specifically aimedat increasing women’s access to finance under theGrowth Oriented Women Entrepreneurs (GOWE)programme. Another facility being provided by the AfDBwith the support of the Danish government and othermultilateral and bilateral donors is the African GuaranteeInitiative for Small and Medium Enterprises andmicrofinance institutions. The AfDB also support SMEsvia private equity funds, tracking the gender componentof the investments.

The objectives of this side event are: (i) to raise the issueof SME lending and financial inclusion for women at thepolicy and financial innovation levels and bring upsuggestions on how to push both agendas and enhancesynergies across Africa; and (ii) to formally present theresults of the survey carried out jointly by New faces NewVoices Panafrican Network (NFNV), the AfDB andMckinsey on how effective financial institutions are inlending to SMEs in general and women in particular.

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Civil Society Organization (CSO) Forum

Date Friday 10 June 2011Venue Ritz HotelTime 11:00 a.m. - 6:00 p.m.

PRESENTERS

• Mr. Per Eldar Sovik, Director, Compliance Review andMediation Unit, African Development Bank

• Mr. Getachew Demeke, CSO Consultant• Mr. Mbarack Diop, Chief Safeguard Policy Officer,

Quality Assurance and Results Department, AfricanDevelopment Bank

DESCRIPTION

I n line with its Medium Term Strategy (MTS 2008-2012),and consistent with policy and guidelines for enhancedcooperation with CSOs, the African Development Bank

seeks to nurture and promote effective partnership withAfrican Civil Society. In this regard, the Bank is organizinga CSO Side-Event during its 2011 Annual Meeting. Theoverall goal of the side-Event is to afford CSO substantiveinput to the Bank’s up-dated CSO engagementframework and strengthen the existing mechanisms forcoordination of cooperation. The specific objectives are:

• Provide opportunity for CSO input to the up-datedengagement framework including: governing principles,engagement mechanisms, strategic approach,institutional setting, coordination of relationships andinstruments of communication and outreach.

• Discuss with Bank staff and management oncooperative working modality and enhancedcooperation of AfDB and CSOs.

• Finalize the Terms of Reference for the AfDB/CSOCommittee.

• Elaborate on CSO involvement in such areas as theBank’s Social and Environmental Safeguardmechanisms, information disclosure policy andcompliance review policies and procedures.

• Explore further entry points and outreach andcommunication strategy between the Bank and AfricanCSOs.

• Sensitize Regional Member countries on the role andfunction of CSO in national development andgovernance.

Participants will include CSO representatives from a cross-section of the African civil society community.

Food Security in Changing Environment

Date Friday 10 June 2011Venue Lisbon Congress CenterTime 11:00 a.m. - 1:00 p.m.

CHAIR/FACILITATOR

Dr. Monty Patrick Jones, Executive Director and Headof Mission, Forum for Agricultural Research in Africa(FARA), Accra

PANELISTS

Dr. Hubert M. G. Ouedraogo, Lead Land Expert,Secretariat of the AU-ECA-AfDB joint Land Policy Initiative,FSSDD/UNECA, Addis Ababa, EthiopiaDr. Bruce Campbell, Director of the CGIAR ClimateChange and Food Security Program, Copenhagen,DenmarkDr. P. Hartmann, Director General, IITA, Ibadan, NigeriaDr. Josue Dione, Director of Food Security andSustainable Development Division, UNECA, Addis Ababa,EthiopiaProf. Sheryl Hendriks, University of Pretoria, Faculty ofNatural and Agricultural Sciences, Pretoria, South Africa

DESCRIPTION

The 2008 food crisis revealed the under-investmentin food production and food markets in Africa overthe last three decades. In spite of this very weak

level of support, the African food production had beenso far able to supply a large share of the local and regionalmarkets. However, when taking into account theexpected growing population, combined with rapidurbanization, higher frequency of extreme weather dueto climate change (the latest floods in Pakistan and India,wildfires in Russia and recent drought in China) and thepressures on natural resources, the situation of foodsecurity in Africa is likely to get worse in the coming years

without right policies and substantial investments. Theimpact of these factors has been exacerbated by a verylow agricultural productivity, severe distortions inagricultural markets, and a vast infrastructure gapincluding inadequate storage facilities, higher incidenceof conflict.

Despite the key role of agriculture in poverty reductionand food security, investment in agriculture has notconsistently been given the attention it deserves by mostAfrican Governments. The commitments of AfricanGovernments through the Maputo Declaration of 2003to allocate at least 10% of national budgets to agriculturehave not materialized, as only about 10 out of 53 countriesmay have fulfilled such a commitment. Therefore, it iscrucial to understand the lessons learnt from all relevantinitiatives in addressing the food crisis and to takeappropriate actions to assist African countries to improvetheir food security and to achieve the MillenniumDevelopment Goal of halving the proportion of peoplewho suffer from hunger by the year 2015. Additionally,special attention should be paid to agriculture givenAfrica’s heavy reliance on this sector for employment,economic growth, foreign exchange and tax revenue. Anagricultural recovery plan should be an integralcomponent of any financial recovery plans. These effortswill potentially lead to increased food production,improved food security and overall poverty reduction;especially with a robust public-private partnership (PPP).

Over the longer term, structural factors such as highpopulation growth and climate change may implypermanently higher food prices, unless mitigatingmeasures are taken. On a positive side, given Africa’svast unexploited natural resources, high food prices arealso an opportunity to generate higher incomes throughinvesting in agriculture. Focus should be on investmentto raise productivity and address climate change,population growth, and urbanization.

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Towards development effectiveness — New Paradigms for Busan?Transparency and Good Financial Governance

Date Friday 10 June 2011Venue Lisbon Congress CenterTime 11:00 a.m. - 1:00 p.m.

CHAIR

Mr. Nkosana D. Moyo, Vice President and ChiefOperating Officer, African Development Bank

PANELISTS

Ms. Cristina Duarte, Minister of Finance, Cape VerdeMr. Felix Mutati, Minister of Commerce, Trade andIndustry, ZambiaMr. Neil Cole, Chief Director, National Treasury RSA, andExecutive Secretary of the Collaborative African BudgetReform Initiative (CABRI)Ms. Kampeta Sayinzoga, Permanent Secretary, Ministryof Finance, RwandaMr. Bert Koenders, Co-Chair of the Working Party onAid Effectiveness, OECD-DACMr. Bankole Adeoye, Partnerships Coordinator and Chiefof Staff, NEPAD Planning and Coordinating Agency

DESCRIPTION

I n November 2011, the Fourth High-Level Forum onAid Effectiveness will convene in Busan, Republic ofKorea, to determine the principles and commitments

that will guide development cooperation in the comingperiod. The forum will unite developing countries,development agencies, international organisations anda broad cross-section of civil society. It will review theachievements of the Paris Declaration and the AccraAgenda for Action, and perhaps launch a successoragreement.

The purpose of this Roundtable is to explore throughdiscussion and debate the issue of transparency andgood financial governance in Africa—one of the keythemes of the Tunis Consensus: the outcome statementof a regional consultative meeting that the AfricanDevelopment Bank organised with NEPAD as part of itspreparations for Busan.

The Roundtable is co-organized with The CollaborativeAfrica Budget Reform Initiative (CABRI) and is expectedto lively and constructive discussion that will inform theBusan High-Level Forum.


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Lunch- Seminar: Migration and Remittances(World Bank & African Development Bank)

Date Friday 10 June 2011Venue Lisbon Congress CenterTime 12:00 p.m. - 2:00 p.m.

CHAIR


PANELISTS

Mr. Desire Vencatachellum, Director, DevelopmentResearch Department, African Development BankMr. Dilip Ratha, Lead Economist, Head of Migration andRemittances, World BankMr. Shimeles Abebe, Principal Research Economist,African Development Bank

DESCRIPTION

The seminar presents the findings and keymessages of the flagship report on “Leveragingmigration for Africa: remittances, skills and

Diaspora resources”, a joint publication of the AfricanDevelopment Bank and the World Bank.

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Africa and the G20 Issues Consultation Meeting

Date Friday 10 June 2011Venue Lisbon Congress CenterTime 2:00pm - 3:00pm

PANELISTS

Dr. Donald Kaberuka, President, African DevelopmentBankProfessor Mthuli Ncube, Chief Economist and VicePresident, African Development BankMr. Remy Rioux, Head of Monetary Cooperation andDevelopment, Ministry of Finance, France

DESCRIPTION

I n order for the G20 Development Agenda for 2011,which builds on the Seoul Declaration of 2010, to beeffective there is an imperative to consult with African

policy-makers. Some of the key policy makers, who arealso Governors of the African Development Bank, will be

present at the Bank's Annual meeting. This presents agood opportunity for France's G20 Secretariat to consultwith them so that the final recommendations are inclusiveof Africa's own priorities. The key pillars of the G20Development agenda under the French President'sChairmanship include infrastructure investment in Africa,and food price volatility as it impacts on food security.The consultations will focus on these areas, at theminimum, but not exclusively so.


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