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MOZ2013 MAPUTO. Presentation By : Hussein Iman Chief Investment Officer South Africa Regional Resource Center African Development Bank. Who We are. AfDB is the Pan-African Multilateral Development Bank

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Presentation By : Hussein Iman Chief Investment Officer

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Presentation by hussein iman chief investment officer

MOZ2013

MAPUTO

Presentation By :

Hussein Iman

Chief Investment Officer

South Africa Regional Resource Center African Development Bank


Who we are

Who We are

  • AfDB is the Pan-African Multilateral Development Bank

  • Infrastructure Finance, Private Sector Development, and Regional Integration are institutional top priorities

  • AfDB leverages its AAA balance sheet to support the economic development in its regional member countries

  • AfDB has consistently been a major financier to the Extractive Industry & Energy Sector in Africa


Afdb has 2 lending windows public and private

AfDB has 2 lending windows: Public and Private

AfDB’s lending operations

Public window

Governments or

state owned enterprises

Sovereign

Concessionary terms

  • Private window

  • Privately owned enterprises - “Financially strong” government owned enterprises

  • Non sovereign

  • Commercial terms

Recipient

Guarantee

Financial terms


Presentation by hussein iman chief investment officer

Upstream – Upstream gas infrastructure, Upstream production for Indigenous entrepreneurs (oil/gas)

Midstream – Gas Processing Plants, Pipelines (oil/gas), Storage (oil/gas)

Downstream – Refineries, Petrochemical/Fertilizer Plants, LNG Plants

The AfDB finances projects in Oil &Gas & Coal Sectors to promote availability of cleaner energy resources and promote local value addition

4


Presentation by hussein iman chief investment officer

  • What the ADB is doing in the Mining Sector

  • Increase the impact of Mining Sector in RMCs’ Social and Economic development

  • Build infrastructure support with highly integrated networks (Power, roads, railways and ports)

  • Monitoring and Enforcing Environmental compliance

  • Act as a :

    • Financier and invest our financial resources to pursue economic development goals ahead of profit

    • Advisor and leverage our knowledge of sustainable development practices

    • Partner and help mobilise our public and private sector counterparts in solving development issues


Presentation by hussein iman chief investment officer

Lessons Learnt from the Bank’s intervention in the extractive sector financing

  • Local participation in is key to maximizing benefits from the sector (public or private)

  • Role of Development Financial Institutions – (Advisory, financiers including infrastructure & monitoring )

  • Local content development - SME business linkages

  • Work force development - Education

  • Enabling business environment - Legal and Regulatory framework- African Legal Support Facility

  • Strong Institutions – key to the realization of project benefits ( Environment, Finance, Mining & Mineral, Education etc.,)


Presentation by hussein iman chief investment officer

Senior Debt – tenor and currency adapted to project needs; debt arranging capacity:

African Financing Partnership– DFI co-financing platform

A-B Syndication Program– leveraging the AfDB Preferred Creditor Status

Guarantees – partial risk, partial credit

Subordinated Debt

Equity – direct, or indirect (equity funds)

Technical Assistance

The AfDB selects its financial instruments to meet investee company’s needs

7


Presentation by hussein iman chief investment officer

Policy Level– foster policy design, promulgation & implementation

Legal and Regulatory framework- African Legal Support Facility

Technical Assistance for capacity building

Specific Local content programs- SME linkages programs, LOC to financial institutions

The AfDB strongly supports Local Content Development

8


A public private partnership between the gosa gom and sasol

A public-private partnership between the GOSA, GOM and Sasol

Examples of selected projects

SASOL natural gas project

  • South Africa - Mozambique

  • Investment ZAR 8.5 bn

  • ADB loan ZAR 550 mn

  • ADB roles

    • Long term debt

    • Reduced cost of PRI

  • Benefits

    • Reduction of air pollution

    • Jobs

    • Social benefits

    • Regional integration

  • Capacity

    • 856 KM

    • 122 -183(MGJ/a) per annum


Kenmare resources world class asset

Kenmare Resources – World Class Asset

Moma Titanium Minerals Mine in Mozambique

  • One of the world’s largest known titanium minerals deposits with >200 mt of contained ilmenite

    • Phase Iapprox capacity:-800 ktpa ilmenite, 50 ktpa zircon, 14 ktpa rutile

      ~7% OF GLOBAL FEEDSTOCK SUPPLY

  • Phase II approx. capacity:

    -1.2 mtpa ilmenite, 75 ktpa zircon, 21 ktpa rutile

    ~10% OF GLOBAL FEEDSTOCK SUPPLY


  • The mozambique natural gas project on stream 2004

    the Mozambique natural gas project, on stream 2004

    • US$1,2bn project comprised:

      • Pande and Temane field development;

      • Central Process Facility (CPF) construction; and

      • 26-inch Temane to Secunda 865km pipeline

    • Equity in upstream:Sasol 70% (Operator), CMH 25%, IFC 5%

    • Equity in pipeline company:Sasol Gas 50% (Operator), CMG (25%), iGAS (25%)

    • Currently produces ~300 MMscf/d

    • A pioneering project in partnership between Sasol and the Mozambique and South African governments


    Presentation by hussein iman chief investment officer

    Examples of selected projects

    Nigeria Liquefied Natural Gas Project

    • Nigeria

    • Investment USD 2.1 bn

    • ADB loan USD 100 mn

    • ADB roles

      • Political risk mitigation

      • Complementary financing

      • Advisor to local banks

    • Benefits

      • Reduce gas flaring

      • adds value to a natural resource

      • Jobs

      • Social benefits

    • Capacity

      • Additional processing capacity of 1.334 mscfd


    Presentation by hussein iman chief investment officer

    Examples of selected projects

    HASDRUBAL OIL AND GAS FIELD DEVELOPMENT PROJECT

    • Tunisia

    • Investment USD 1.3 bn

    • ADB loan USD 150 mn

    • ADB roles

      • Corporate Loan

      • Financier during difficult time

      • Advisor

      • ESMS

    • Benefits

      • Import substitution

      • Revenues to Government

      • foreign exchange earnings

      • Infrastructure development

    • Capacity

      • 150 MCF/day

      • Onshore gas processing 16,000 b/d of oil equivalent

    During the financial crisis, the Bank played a countercyclical role


    Presentation by hussein iman chief investment officer

    Examples of selected projects

    EGYPTIAN REFINERY COMPANY PROJECT

    • Egypt

    • Investment USD 3.5 bn

    • ADB

      • Senior Loan USD 200 mn

      • Sub Loan USD 25 mn

    • ADB roles

      • Financier during difficult time

      • ESMS

    • Benefits

      • Import substitution

      • Revenues to Government

      • foreign exchange earnings

      • Infrastructure development

    • Capacity

      • 152,500 barrels/day

    During the financial crisis, the Bank played a countercyclical role


    Presentation by hussein iman chief investment officer

    Thank you

    Hussein IMAN

    [email protected]


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