Contact: Please reach out to Amine Naji at a.naji@africa50.com for more information on this rol

Company overview:

Africa50 is an infrastructure investment platform that contributes to the continent’s growth by developing and investing in bankable projects, catalyzing public sector capital and mobilizing private sector funding, with differentiated financial returns and impact. Because of limited public resources the private sector has a significant role to play in delivering the infrastructure which is necessary to support strong economic and social growth in Africa. This requires a greater focus on project development to generate more bankable projects and to leverage a larger pool of capital to fund them.

As part of the 2012 Declaration on the Programme for Infrastructure Development in Africa (PIDA), Africa Heads of States called for innovative solutions to accelerate the delivery of infrastructure on the African Continent, with a strategic framework for the continent’s transformation over the next 50 years. Agenda 2063 called for the provision of infrastructure to support accelerated integration and growth. In response, the African Development Bank established Africa50, an independent organization, as part of the solution to this challenge.

Africa50 is currently funded by 27 Africa countries, the African Development Bank and 2 African Central Banks. It is organized into two main arms - Africa50 Project Development which contributes to increasing the number of bankable infrastructure projects and Africa50 Project Finance which invests in private sector/PPP projects primarily in the Energy and Transport sectors as a strategic minority equity partner. Africa50 is continuing to mobilize funding from Institutional investors and other African governments who are not already shareholders. It is incorporated in Morocco and enjoys immunities and privileges including tax free status

Role Description

he Investment Officer role is to execute project transactions and identify opportunities to ensure the effective development and increased number of bankable projects for Africa50 PD.

Key Responsibilities

• Work across all the infrastructure sectors, with a focus on the power sector

• Participate in the development of a strong pipeline opportunities through anticipating market trends and employing sector/country knowledge

• Execute A50’s project development investments with a strong focus on achieving bankable projects

• Develop a thorough understanding of the power sector, including market major operators and technologies

• Participate and/or lead negotiations of investment documents, with sponsors, lenders, and public authorities

• Have a good understanding and the ability to structure investments

• Have a good understanding of project and concession financing, policy issues, license conditions, tariff regimes

• Prepare project-related documents for internal and external audiences

• Build and maintain strong relationships with local/regional/global/infrastructure companies, banking and multilateral partners, suppliers and government officials to further develop the sector and specific investment opportunities

• Supervise investments in portfolio companies.

Required background

• 6 to 10 years’ investment and industry experience in project development, investment and/or project finance in the power sector, PPP and IPP: power generation and distribution, renewables, hydropower, CCGT, etc. within:

o A utility / concessions company

o the project finance / infrastructure / power department of a Tier 1 international investment bank

o the infrastructure department in a Development Finance Institution

o the infrastructure / PPP department of a transaction / financial advisory firm

o An infrastructure private equity fund with exposure to early to mid-stage project development

• Hold a degree in Engineering

• Project management experience (certification a plus)

• Solid understanding of Concession, PPA, EPC, O&M contracts

• Demonstrated track record of at least 2 transactions in the power sector

• Awareness of the latest trends and developments in financing power infrastructures

Essential Qualities

• Positive attitude

• Integrity

• Indefatigable work ethic – this role will regularly require late nights/weekends/travel

• Self-starter. High initiative

• Clarity of thought and action

Knowlege, Skills and Experiences

• Interest in Africa50’s mission, strategy and values

• Strong connection to Africa and intent to have Africa focused career

• Strong understanding of the power and utilities sectors, knowledge and understanding of the transport sector are a plus

• Strong understanding of PPP project structuring and project finance

• Strong business development and client relationship skills, track record and ability to focus on clients’ needs effectively and identify potential business partners

• Excellent written and verbal communication skills (in English and French)

• Superb organizational and deal management capabilities.

• Strong inter-personal skills, ability to interact effectively with sponsors, partners and colleagues from various cultural backgrounds; living experience in emerging countries is a plus

• Culturally sensitive and able to relate to people of diverse backgrounds

• Emerging markets experience

• Prior knowledge of African infrastructure and relationships in Africa are a plus

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