East ’s only annual debt event

Bonds, & Sukuk combines first-rate content with first-rate industry representation. A must for any investment professional seeking to participate in the African growth opportunity!

Wayne Hennessy-Barrett, 4G Capital

Expert speakers include:

John Lentaigne, Kenneth Kaniu, Luke Ombara, Brock Hoback, John Mudany, Acting Chief Executive Chief Executive Officer, Director – Regulatory Policy Executive Director, Finance Director, Officer, British-American Asset and Strategy, Lion’s Head Global Partners KenGen African Trade Insurance Management Capital Markets Authority, Agency

Silver Sponsors:

Bronze Sponsors:

Supporting Partners: Supporting Organisations:

www.BondsLoansEastAfrica.com Welcome to East Africa’s only annual debt event

The only event in East Africa bringing together 250 government officials, corporates, banks, funds and advisors from more than 15 countries to discuss developments of both on- and off-shore capital markets.

REASONS TO ATTEND 250+ 1 Hear from industry experts: Capital Markets Authority, African Trade Attendees Insurance Agency, British-American Asset Managers, of , Bank of , Ariya Capital, KenGen, Capital, Africa Infrastructure Investment Managers (AIIM), Transcentury, Bidco Africa, MMD Steel & more

2 East Africa’s capital markets leaders will present their plans, strategies and outlooks for 2019-20 • Central Bank representatives from Kenya, Uganda & Tanzania will provide monetary and macroeconomic outlooks • Fund managers from Britam Asset Management, Ariya Capital, Africa 90% Infrastructure Investment Managers, Fusion Investment Management and Director Level or Jubilee Insurance Company will discuss market opportunities and their Above current risk appetite • East African corporates KenGen, Bidco Africa, Kenya Airways, MMD Steel, Greenmillenia Energy and Acacia Tree Group will present overviews of their funding, investment and risk management strategies 3 Access over 250 key industry stakeholders from 15 countries in 1 day • Save time and money by spending valuable face time with all of your key clients, prospects and peers across the region under one roof 84% • Promote your business to East Africa’s most senior decision-makers Of Audience: • Engage in real business deals with high-profile counterparties Borrowers, Issuers and Lenders 4 Discuss pertinent developments in East Africa’s local debt markets • Hear first-hand updates on the regulatory initiatives that will promote and develop the local debt markets • Learn about opportunities to access liquidity from the GCC • Explore the latest developments in green finance and opportunities offered by ESG financing • Analyse the funding options available in the market and understand which best suit your needs 35+ Key Industry Speakers 2 Register your place online at www.BondsLoansEastAfrica.com The event in numbers

Audience breakdown by seniority Audience breakdown by sector

CEO/CFO/Treasurer: 4% 4% 4% Consultants Law Firms 29% Rating Agencies 5% 19% Corporates Managing Director/Heads of: 8% 42% International Banks 250+ 18% Investors 10% Attendees Development Banks & ECAs Vice President/Director: 17% East African 19% 11% Banks Government

Manager/Other 10%

30% Of attendees are active borrowers

Bonds, Loans & Sukuk East Africa makes it easy for investors and issuers to interact and have productive discussions. I really enjoyed this event and it ranks amongst the best I have attended. Fezidinga Mdaba, Sanlam Capital Markets 3 Programme: Tuesday 17th September 2019

7.30-9.00 Invitation only 10.20 East African Investor Breakfast Roundtable: Energy & Infrastructure What are the funding requirements of SMEs and where can funding • How can institutional investors form consortiums in order to be sourced? finance infrastructure and energy projects? • Assessing the role and rise of non-traditional lenders: Who are • What opportunities does the growth of private equity in East they, who are they looking to lend to and where do SMEs fit? Africa offer? • Are private equity firms challenging conventional debt capital • Can DFIs work with local pension funds to attract long-term market providers in funding SME growth? investment to fund projects? • Which banks are able and willing to lend to SMEs and under what • Which assets under what criteria do (risk averse) institutional criteria will they lend? investors need to understand in order to invest? • Do SMEs need to look at formalising and improving governance • Do regulatory and legal stipulations encourage or deter local practices to secure the funding they require? pension funds to invest in long-term projects? Peter Gitata, Chief Executive Officer,APT Commodities Kenneth Kaniu, Chief Executive Officer, British-American Asset Esther Ndeti, Executive Director, East Africa Private Equity & Management Venture Capital Association Romain Py, Head of Investments, African Infrastructure Investment Bartholomew Simiyu, Chief Executive Officer,Greenmillenia Energy Managers 11.00 John Kimotho, Investment Associate, African Infrastructure Investment Coffee and networking Managers Sundeep Raichura, Chief Executive Officer,Zamara Actuaries 11.30 Louis Onyango, Treasury Manager, Kenya Railways Corporation The benefits of achieving regulatory harmonisation and good Lazarus Muema, Pensions Consultant, Penplan Services governance and its impact on developing the local capital markets Simon Wafubwa, Managing Director, Enwealth Financial Services • What benefits does (regulatory/policy/economic) harmonisation 8.00 bring? What are the main challenges in achieving this? Registration and coffee • How and in which sectors are regulators in the region looking to bring about regulatory alignment (trade, listing, pension reform, 9.10 currency etc.)? Chairman’s opening remarks • If regulators were to champion ease of listing as well as cross 9.20 listing, what would be the subsequent impact on local capital Presentation: Understanding Kenya’s monetary policy and capital market markets? development • Understanding the importance of ratings: from sovereign ratings to •  Interest rate cap: The original decision, where we are today and corporate ratings, local rating vs international desired outcome for the future? • As Sovereigns continue to dominate issuance, how can better •  Innovation in the capital markets: What will follow the mobile bond harmonisation foster an environment for greater issuance from – green bonds, sukuk? corporates and financial institutions? •  Strategy in the international and local capital markets: Where, how Luke Ombara, Director – Regulatory Policy and Strategy, CMA Kenya and when can the market expect Kenya to issue? Solomon Kavuma, Deputy Director, Reserves and Investment Management Operations, Bank of Uganda 9.40 Matthew Pirnie, Head of Financial Institutions, Global Credit Outlook 2019/20: Assessing macro-economic factors impacting Ratings East Africa and evaluating Sovereign plans Arvana Singh, Principal – Debt Capital Markets, • Economy, policy and governance: What are the leadership visions for the East African states? • Political transitions, macroeconomic factors and commodity prices: Evaluating the impact on the economy and policy making • Analysing the drivers for success, growth trajectory and outlining expectations for , Tanzania, Uganda and in 2019/20 Dr Adam Mugume, Executive Director of Research, Bank of Uganda Alexander Ng’winamila, Director of Financial Markets, Bank of Tanzania Konrad Reuss, Managing Director – Africa, S&P Global

4 View the latest agenda at www.BondsLoansEastAfrica.com Programme: Tuesday 17th September 2019

12.10 13.40 Demystifying risk: What do financiers and investors need to Networking lunch understand to make them comfortable funding long term projects 14.40 in the power and infrastructure sector? • Is it easier for corporates to source long-term funding for large- How are East Africa’s leading corporates financing CAPEX and scale projects on their own balance sheet rather than the project’s? commercial growth? •  How much capital do corporates require to meet their funding • What role can PPPs play in energy and infrastructure projects? needs? What are the main barriers to PPPs? •  External funding vs. cash flows: How and where are corporates • Assessing the role of DFIs: crowding out commercial banks or sourcing funding? valued partner? What are their investment criteria and what is •  What role does private credit play in funding strategies? their appetite for projects in East Africa? •  Traditional lenders vs non-traditional lenders: What are the key • How do ECAs make projects bankable? What are their criteria for differences in funding options available? selecting projects and what is their approval process? •  Managing FX and interest rate risk: What hedging tools are Kenneth Kaniu, Chief Executive Officer,British-American Asset available to businesses? Management Dharmendra Parmar, Group Chief Financial Officer,Bidco Africa Nganga Njiinu, Chief Executive Officer,Transcentury Hellen Mwariri, Chief Financial Officer,Kenya Airways Samuel Mugoya, Executive, Syndications and Agency Operations, John Mudany, Finance Director, KenGen Trade and Development Bank 15.20 John Lentaigne, Acting Chief Executive Officer, African Trade Insurance Agency Going green: Assessing the capacity of green bonds and loans to Paul Kavuma, Chief Executive Officer,Catalyst Principal Partners attract fresh pools of liquidity to East Africa’s capital markets •  Green vs. conventional: What additional benefits do green bonds 13.00 and loans offer over conventional forms of financing? FinTech/alternative lenders: A partner or a challenger to •  How can the benefits of green bonds and loans be qualified and conventional banking? quantified to potential investors and issuers? •  How can FinTechs supplement traditional sources of credit •  How do ESG concerns influence the funding strategies of East financing? Africa issuers and borrowers? •  What are the major developments in mobile banking? •  What are the regulatory requirements for issuing green •  What do alternative financiers offer that private banks do not? instruments? How is the regulatory environment adapting to •  Can mobile money platforms such as M-PESA be adapted for the facilitate issuance? corporate sector? •  Post-issuance: Ongoing report and demonstrating effective use of Dunstone Ulwodi, Assistant Director, National Treasury proceeds Wayne Hennessy-Barrett, Chief Executive Officer,4G Capital Robert Murai, Head of Debt Capital Markets, Stanbic Brock Hoback, Executive Director, Lion’s Head Global Partners Mahin Dissanayake, Head of Sub-Saharan Africa Bank Analysis, Fitch Ratings 16.00 Closing remarks and drinks reception

View the latest agenda at www.BondsLoansEastAfrica.com View the full speaker list at www.BondsLoansEastAfrica.com 5 List of companies that attend Bonds, Loans & Sukuk East Africa

4G Capital Cooperative Bank of Kenya Kempinski Renaissance Capital ABC Capital CVG Capital Kenergy Renewables Resolution Insurance Absa Cytonn Investments KenGen responsAbility Investments AG Acacia Tree Group Daly & Inamdar Kenya Airways Retirement Benefits Authority Kenya Africa Practice DEG Invest Kenya Bankers Association (KBA) Rwanda Development Board African Alliance Development Bank of Kenya S&P Global African Development Bank (DBSA) Kenya Electricity Generating Company Sacco Societies Regulatory Authority African Infrastructure Investment Managers Diamond Trust Bank Kenya Pipeline Company (SASRA) (AIIM) Dry Associates Kenya Pooled Water Fund Safaricom African Trade Insurance Agency Dyer and Blair Kenya Ports Authority Sagalla City Ltd AHL Venture Partners East Africa Venture Capital Association Kenya Power Lighting Company Sanlam Capital Markets Akiira Geothermal East African Development Bank Kenya Railways Corporation Sector Kenya Electric Anjarwalla & Khanna Ecobank - The Pan African Bank Kenya Re-Insurance Corporation Shelter Afrique APA Insurance Company ENSafrica | Uganda Kenya Revenue Authority Shivam Capital Apollo Asset Management Co Ltd Enwealth Financial Services Kenya Roads Board Sidian Bank Apparel Group Exotix Partners Kenya Solar Energy (KENSEN) Societe Generale Arab Bank for the Economic Development Fitch Ratings Kestrel Capital (East Africa) SOWITEC of Africa Frontera Capital Kibo Capital Spencon Holdings Limited Ariya Capital FSD Africa KPMG East Africa Spin Ventures Group Athi River Steel Plant Fusion Investment Management Lion’s Head Global Partners ATP Commodities Galago Capital Maris Africa Group SportPesa Baker & Mckenzie GE Capital Markets Mauritius Commercial Bank Stanbic Bank Baker Hughes General Electric Metropol Investment Financial Company Standard Bank Bank of Africa Genghis Capital Kenya Standard Chartered Bank Genius Investment Group Ministry of Finance, Planning and Economic Stanlib Bank of Uganda Global Credit Ratings Development, Uganda Sumitomo Mitsui Banking Corporation Banque Rwandise De Development GreenMax Capital Advisors Ministry of Industry, Trade and Co-operatives (SMBC) Barani Capital Greenmillenia Energy Ltd Mizuho Bank SUNFUNDER Barclays GuarantCo M-Kopa Solar Swissport Tanzania Plc Benchmark Solutions MMD Steel Telkom Kenya BlueOrchard Finance Gulf Power Moody’s Investors Service The Law Monthly Bowmans Hamilton Harrison and Mathews Mwalimu National TMF Group Branch International Helios Energy Ltd Mybucks Total Britam Holdings Herbert Smith Freehills Nabo Capital (Centum Group) Trade and Development Bank – TDB British American Asset Management HFC Limited Nairobi Securities Exchange Tradeways British Chamber of Commerce Kenya Home Afrika TransCentury Camco Clean Energy I&M Bank National Oil Corporation of Kenya TripleOKlaw Canadian High Commission IDB Capital National Social Security Fund (NSSF) U.S. Department of the Treasury Capital Markets Authority Kenya Ignite Power National Treasury, Kenya UAP Holdings Ltd Capital Markets Authority Uganda iJenga Nedbank Corporate and Investment Banking Uganda Securities Exchange Catalyst Principal Partners Imara NIC Bank Umati Capital CBA Capital Industrial and Commercial Development Nile Basin Initiative Unga Group CDC Group PLC Corporation Novastar United Bank For Africa Industrial Development Corporation of Open Capital Advisors Virunga Power Central Bank of Tanzania Zambia (IDC) Overseas Private Investment Corporation Walker Kontos Centum Investment Institute of International Finance (OPIC) Wärtsilä CFC Stanbic Bank Insurance Regulatory Authority (IRA) Oxygen8 White & Case Chase Bank International Monetary Fund Penplan Services World Bank Group Chevron Africa Ltd ION Kenya PineBridge Investments Zamara Actuaries Citi Janus Continental Group Privatization Commission ZEP-RE (PTA Reinsurance Company) Clubfinance Project Finance Jubilee Insurance Company Qbera Capital LLP Clyde & Company Kaplan and Stratton Ramco Group Commercial Bank of Africa KCDF-Investment Holdings Rand Merchant Bank 6 Register your place online at www.BondsLoansEastAfrica.com What our clients say about us

It was indeed enlightening and a great opportunity to network and compare notes on the latest developments and emerging trends.

Charles Kamanda, Kenya Commercial Bank

Well organised with great content and insights around East African debt markets. Well worth the time!

Kenneth Kaniu, Britam Asset Managers

The 1-to-1 meeting service enabled us to have very frank and open discussions with companies of interest at the event. The conference provided a unique platform for continued interaction that has been taken to the next level. We appreciated our dedicated GFC Meetings Manager’s strong organizational skills and pre-event/ onsite assistance.

Mohammad Somo, Kenya Power Lighting Company

I found Bonds, Loans & Sukuk East Africa very insightful and the panel sessions were great. Best of all was the networking!

Sanjeev Debipersad, Shivam Capital

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