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The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The AfDB’s missi...
Location: Abidjan, Côte d'Ivoire
Position Grade: PL4
Position Number: 50093734
THE BANK:
Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 81 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified, namely: energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.
THE COMPLEX:
The Vice Presidency for ‘Power, Energy, Climate and Green Growth’ is a Sector Complex focusing on the Bank’s Ten-Year Strategy and first High 5s priority of “Light up and Power Africa”. The complex’s objectives are to develop policy and strategy; to provide deep sector technical expertise to the Regions by gathering pool of experienced individuals who can be consulted for their expertise on complicated transactions; to develop new financing instruments; to act as spokesperson to represent the Bank with external stakeholders on all aspects of “Light Up and Power Africa”. The Complex will focus on areas of Power systems, policy and regulation, renewable energy; and, Climate and Green Growth.
THE DEPARTMENT
The Energy Financial Solutions, Policy and Regulations department is responsible for advising Regional Member Countries in the establishment of relevant policies and regulations as well as to structure energy investments, provide financing and mobilize resources including through blended finance instruments. The department is also responsible for coordinating relevant flagship programs, including through Technical Assistance support to relevant stakeholders in the Bank’s member countries. Under the department there are two divisions, namely: (1) Energy Policy Regulations and Statistics Division and (2) Financial Solutions Division.
THE HIRING DIVISION
The Energy Financial Solutions Division provides leadership in the structuring of financing instruments to attract both public and private sector investments into the power sector. These instruments include debt, equity, blended finance, leasing and innovative capital markets solutions.
The Financial Solutions Division leads on non-sovereign energy sector operations and provides financial expertise, including structuring investments across the full spectrum of the energy sector. In pursuing its resource mobilization efforts and co-financing, the Division is increasingly mandated to take lead arranger roles.
THE POSITION:
The responsibility of the Principal Investment Officer is to ensure the technical strength of the Bank’s activities in support of transactions linked to private sector investments in the energy sector. The main task of the job holder will be to identify business opportunities and execute transactions related to private investments in the energy value chain, as well as process financing instruments through to board approval and financial close of IPP projects and corporate loans mainly.
KEY FUNCTIONS:
Under the overall supervision and general guidance of the Division Manager, Financial Solutions, the Investment Officer (Origination) will perform the following:
COMPETENCIES (skills, experience and knowledge)
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