Course Overview

The Africa Infrapreneurs Programme is designed for aspiring Infraprenuers seeking to improve their project finance knowledge and are involved in the Large Scale Infrastructure Projects.

Organized by
Co-Hosted by
Dates and Mode of Delivery

June 26 to July 1 2023
Lagos, Nigeria
One Week Action Learning (Hybrid)

Key Benefits and Learning Outcomes


Understand Limited Resourse Financing

Understand the fundamentals of Limited Resource Finance based developments for the Private and Public Sector Projects.


Making Projects Bankable

Appreciate how the mechanisms in making project bankable to protect the creditors and become investable.


Project Risk Analysis

Understand how to analyse and interpret each of the risks to determine their severity and potential impact on the transaction structure.

Course Outline

Day 1 - Introduction to Project Finance for Infrapreneurs


  • Overview of Project Finance
  • Climate Considerations in Project Selection
  • Principles of Risk Allocation
  • Climate Considerations on Risk Allocation

Contract Mechanics in Project Finance

  • Concept of Guarantee
  • The Importance of Guarantees in PF

Case Study Review & Discussion

Day 2 - Project Development & Bankability for Infrapreneurs

Understanding Project Development

Introduction to Project Development
Project Development Stages
Types of Project Finance Deals

Early Development Stage

Competitive Tendered Projects
Un-solicitated Proposals to Government
Post Signing Issues in Early Development Stage

Introduction Pre-Financing Stage

Introduction to Pre-Financing Stage
Importance of Finance Model Development
Key Financing Concepts for Infrapreneurs

Achieving Bankability: Predictable Cashflow

Understanding Predictable Cashflow and Offtake Agreements
Key Provision in Offtake Agreements
Key Provisions in Concession Agreements
Risk Management in Offtake and Concession Agreements

Case Study Review & Discussion

Day 3 - Project Development & Bankability for Infrapreneurs Contd

Achieving Bankability : Fixed Construction Delivery

Understanding Fixed Construction Delivery
Construction Life Cycle
Construction Arrangements
Risk Management in Construction Arrangement

Achieving Bankability : Governance, Operations & Sustainability

Understanding Sustainable Operations & Environmental Compliance
Project Governance using Shareholder Agreements
Resource Supply Arrangements
Operations & Maintenance
Environmental Impact Assessment
Introduction to Environment Social and Governance
Sustainability Project Financing and UN SD Goals"
Case Study Review & Discussion

Assignment: Developing Infrastructure Bankability Structuring Report

Day 4 - Project Finance Modelling for Infrapreneurs

Key Concepts in Financing

Key Concepts in Financing,
Sources of Financing
Measuring the Borrowing Capacity of a Project
Application of Financial Models
Case Study Review & Discussion

Infraprenuers Guide to Understanding Project Finance Models

Application of Financial Models:

Understanding the Role of Financial Models
Use of Financial Model by Sponsors
Use of Financial Model for Preliminary Due Diligence
Use of the Model for Negotiations
Use of the Model for Monitoring and Performance

Case Study Review & Discussion

Day 5 - Introduction to Finance Documents

Key Concepts in Finance Documents

Introduction to Core Finance Agreements (i.e CTA , ILFA and AMA)
Understanding the Project Finance Loan Agreement (CTA and ILFA)

Core Terms in CTA and ILFA

Conditions Precedent
Disbursement and Repayment Terms
Representations and Warranties
Events of Default (EOD)

Support Agreements to Project Finance Loans

Introduction to Other Finance Agreements ( i.e. ESA , AA and Agency Agreements) 
Agency Roles in Loan Agreements (lnter-creditor Agent and Security Trustee) 
Introduction to Security Arrangements
Introduction to Direct Agreements

Credit Enhancements Private Parties

Case Study Review & Discussion

Day 6 - Project Capital Raising for Infrapreneurs

Infrapreneurial Guide to Capital Raising

Key Documentation in Capital Raising
Soft Skills in Capital Raising

Managing Due-Diligence & CPs

Post-Financial Close Activities

Introduction to Post Financial Close
Financial Close to Draw Down
Key Limiting Factors to Draw down
EPC Contract Monitoring
Roles of the construction manager/owners representative 
Managing Transaction
Project Commissioning
Key Pre-Operating Activities
Refinancing & Default Management

Conclusion of the Course

Ready to find out more?

Early Bird Registration Ongoing!

Supporting Partners

Are you intersted in Partnering with the African Infraprenuers Programme ?

Past Participants
in our Programmes

The following companies have participated on previously called Project Finance Fundamentals for Infraprenuers, provided by our Technical Partner (Brickstone Africa)  


Course Leader

Femi Awofala is the Founder/CEO of Brickstone Africa, a Project Accelerator firm with strong competence in early stage project development and advisory for large industrial and infrastructure projects. See more at

Femi has over 20 years experience advising Companies and Governments on Large Scale private Infrastructure investments and has lead teams in executing project/structured financings in Industrial and Infrastructure space in Africa. Femi was a Vice President at Travant Capital (now Alpha African Advisory), a private equity and investment advisory firm which raised and partially deployed a US$107m private equity fund. Femi was also an investment banking lead with Vetiva Capital Management Limited and ARM Investment Mangers where he lead teams on the advisory, structuring and management of more than $1 billion in public and private offerings of debt/quasi-equity/equity and mergers and acquisitions (M&A) transactions for corporations and governments in Nigeria for over 7 years.

Prior to joining Vetiva Capital Management Limited, he was at the ARM Investment Mangers and was part of the private equity real estate team and he was responsible for managing due diligence activities, structuring and coordinating of potential investments and financings among co-investors.

Mr. Awofala has an MBA from the Lagos Business School, Pan–Atlantic University, Lagos. He was lately the Facilitator and Head, Mining & Manufacturing Policy Commission of the Nigeria Economic Summit Group (NESG).

Registration Information


Registration Information

    Registration Information

    Which Country are you based ?

    I consent to the Terms of Use