Vacancy title:
Public-Private Partnership Finance Expert (AWF)

Jobs at:
African Development Bank (AfDB)

Deadline of this Job:
12th December 2018

Duty Station:
Tanzania

Summary
Date Posted: 15th November 2018 , Base Salary: Not Disclosed , Employment Type: Full-Time

The African Development Bank (AfDB) is the premier multi-lateral development finance institution fostering economic growth and social progress in Africa. The AfDB’s primary goal is to reduce poverty and improve living standards by mobilising resources in and outside Africa, and providing financial and technical assistance for development projects and programs in Africa.

JOB DETAILS:

THE AFRICAN WATER FACILITY:
The African Water Facility (AWF) is an initiative of the African Minister’s Council on Water (AMCOW) to mobilize resources to finance water sector facilitation and investments in Africa. The Facility has been established within the context of the Africa Water Vision and the Sustainable Development Goal (SDGs). The African Development Bank is managing the Facility at the request of AMCOW. The resources of the AWF are primarily allocated to: water resources projects and programmes focused on improving the enabling environment for sustainable national and regional water resources management, prepare projects and programmes for immediate capital investments, and provide resources for strategic and direct small-scale investments. The AWF plans, organizes and carries out activities related to projects and programs cycle activities (identification, preparation, appraisal implementation and supervision) in the above areas, in all African countries; undertakes studies on issues regarding water sector development and related areas; provide advice and technical assistance to African countries; and ensure coordination and synergy with other partners and donors in the water and sanitation sector in Africa. The AWF currently manages a €166 million project portfolio spread all over Africa.

KEY FUNCTIONS:
The African Urban Sanitation Investment Fund (AUSIF), a program under the AWF, was approved in January 2018 to support African countries in their efforts to address the challenges of low access to improved sanitation services and infrastructure by the urban poor on the continent. The UN’s Joint Monitoring Programme has reported low (and declining) access, citing the key constraints to improvement as:

limited financial investments in urban sanitation facilities and services (including sewer networks, off grid sanitation and waste water treatment plants);
inadequate delivery of sanitation services due to lack of appropriate technologies (equipment’s, infrastructure, cost recovery) and ;
weak governance and institutional structures that lead to weak policy development and implementation.

The PPP Finance Expert position will play an important role in helping AWF successfully implement the Urban Sanitation Programme, by leading the development of a range of activities to promote maximum private and public sector participation in the investments needed to address the above constraints. The success of AUSIF and the Urban Sanitation Programme will be key factors in helping African countries achieve the UN’s Sustainable Development Goal Six (SDG6) – Ensure availability and sustainable management of water and sanitation for all.

Duties and responsibilities

• As the position title implies, the PPP Finance Expert’s responsibilities are at the nexus of financial mobilization, financial operations, marketing and analyses in both the private and public sectors, hence requiring a combination of multiple skills to be successful.
• The main responsibilities will be the need to maximize the use of tools/instruments employed to manage investment risk in the financial markets with the institutional policy-driven objectives of the AUSIF/AWF.
• Furthermore, structuring PPP deals will require balancing transaction/project-specific operational work with policy advocacy, outreach, communications and coordination of events and functions, which implies being able to effectively work with a wide range of methods, procedures and processes.
  
• The expert will also interact with a wide range of stakeholders and tailor communication and collaboration according to the different audiences: internal and external; public and private sector; water experts, finance experts. S/He will undertake various activities
  

Selection Criteria
Including desirable skills, knowledge and experience

• At least a Master’s degree or equivalent in finance, economics, business administration or related field
  
• A minimum of six (6) years relevant experience developing, structuring or facilitating Public Private Partnerships or other forms involving commercial finance for infrastructure and basic service provision in developing countries.
  
• Familiarity with various financing instruments including grants, loans, equity, and in particular, risk mitigating instruments like guarantees.
  
• Experience in water and sanitation is a strong advantage.
  
• Experience of Multi-lateral development banks (or similar financing institutions) and their operations in terms of project development and implementation process (project identification, preparation, appraisal, supervision).