This book offers a comprehensive analysis of the specifics of project financing in Africa and suggests how to structure and operate those projects in an emerging continent.

Infrastructure development in Africa is essential to meet the needs of the population and is a major lever for economic and social development. Financing solutions exist to offset the limited investment capacity of African sovereign States, particularly through involving the private sector and project financing. In view of the challenges and specific features of the African continent, this book looks at the ways in which project financing is used in the region. Describing the structuring of infrastructure projects from inception to development and financing and then construction, the book offers insights into African legal frameworks and drafting of financing contracts, and preparation of financial models. It also covers management of disputes and the principles of bankability. Offering a global yet harmonised view of applicable regulatory frameworks, the book is a practical and comprehensive guide to project finance and business law in Africa.

This book will be of interest to practitioners, researchers and students in the field of finance law, business and banking law and law in Africa.

Contents

Introduction

Part I: Project Development

1. The Environment and Prerequisites
2. The Different Forms of Infrastructure Projects
3. Project Development Players
4. The Stages of Development
5. Project Contracts

Part II: Project Financing

6. Financing Players
7. Principles of Bankability
8. Sources of Financing
9. Financial Models
10. The Main Financing Contracts

Part III: Project Implementation

11. Monitoring Project Implementation
12. Managing Changes and Project Completion
13. Refinancing
14. Managing Disputes Arising from Project Financing
15. Insolvency of the Project Company

The authors

Boris Martor, a graduate of the DJCE and Panthéon-Sorbonne University, is a Bird & Bird partner and has worked in the infrastructure sector in Europe and Africa for over 25 years. He teaches at the Universities of Paris Assas and Sorbonne Paris Nord and as part of training courses at the École des Mines Paris Tech.

Ousmane Diawara, a graduate of the École des Mines de Nancy, has been working for over 15 years with public and private players in the development and financing of infrastructure projects, particularly in Africa. He gives numerous training courses on this subject.

“The book is simply the référence as no other book was published on this subject”.
Amadou Soumano, Deputy Director & Lead Counsel, Africa Finance Corporation

“For any project finance professional working in Africa this is a very useful book that provides a compréhensive overview with many exemples or projects closed on the continent”.
Nivaldo Pignot, General Counsel, AMEA Power

“This is a must read for anyone conducting or acting on the African project finance Market”.
Guy Stéphane Gbla, Vice Président, Ecobank Capital

“Project Finance in Africa” is a groundbreaking and indispensable resource for anyone involved in the development and financing of infrastructure projects on the continent. As the only book dedicated to this critical subject, it fills a significant gap in the literature by providing comprehensive examples of projects and practical advice from the initial development stages through to financing”.

Fatmi Squalli, Group head of structured and project finance, Attijaiwafabank

“Clear, practical, and profoundly insightful, this book sets the standard for understanding and succeeding in project finance across Africa. A definitive resource for investors, policymakers, practitioners and anyone involved in infrastructure projects on the continent”.

Me Gorgon Feliho, Avocat (France) and Solicitor (England & Wales), Chief Legal Counsel at the African Development Bank

“ Project Finance in Africa is the definitive guide in its field, offering readers the tools and knowledge they need to successfully manage and finance infrastructure projects in one of the world's most dynamic and challenging environments”.
Mylène Junius, General counsel, Eranove

https://www.routledge.com/Legal-and-Financial-Aspects-of-Project-Finance-in-Africa/Martor-Diawara/p/book/9781041019039