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Director of Project Development - Africa50 at the African Development Bank (AfDB)

Posted on Wed 15th Jul, 2015 - hotnigerianjobs.com --- (0 comments)


African Development Bank (AfDB) established to strengthen dialogue between the Bank and the Government, is recruiting to fill the vacant position of:

Job Title: Director of Project Development - Africa50

Reference: NA
Location: Nigeria
Grade: NA

Objectives
  • Africa50 is a landmark investment vehicle, focused exclusively on Africa's infrastructure development opportunities.
  • It is an independent, profit driven, commercially managed entity.
  • It will provide a means for private sector investors to bring fresh capital to infrastructure development while securing a return.
  • The result should be a significant boost to efforts to ensure sustained economic growth on the African continent.
  • Africa50 will focus on large scale, transformative, commercially and developmentally sustainable infrastructure projects.
  • Africa50 will target investments in high-impact national and regional projects in the energy, transport, Information Communication Technology and water sectors.
Duties and Responsibilities
  • This position is responsible for originating and leading the development of infrastructure projects in Africa, with a view to providing projects for Africa50 to invest in and finance.
  • The person will need to interact with and balance the interests of government officials, private sector capital and infrastructure providers, contractors and other multi-lateral lenders, and work closely with the Director of Project Finance.
  • The Director of Project Development will also work with other members of the Senior Management Team in developing and implementing the strategies for Africa50.
  • This position will report to the Africa50 Chief Executive Officer.
  • Africa50 seeks to appoint the Director of Project Development to undertake, but not limited to, the following activities:
    • Working with the Director of Project Finance, develop and implement a strategy for Africa50 in developing a pipeline of appropriate infrastructure projects in Africa;
    • Lead a team to originate and structure infrastructure projects in Africa, balancing the requirements of governments, private sector participants and finance providers, while meeting the risk/reward objectives of Africa50 in both financial and environmental and social areas;
    • Many of the projects will be at an early stage, which will require developing and managing budgets on an effective basis, facilitating feasibility studies, procuring a variety of contracts including consultants, contractors, and finance;
    • Lead a team to structure, negotiate and execute the non-financial contracts of infrastructure projects, but ensuring that the terms and conditions will be acceptable to capital providers;
    • Produce regular reports to the Senior Management Team and the Board on progress;
    • Provide Risk with all information required to enable them to manage, measure and monitor risk exposures;
    • Maintain a macro-overview of specific business environments including regulatory/environmental legislation in Africa;
    • Work with the legal and risk departments to ensure that Africa50's requirements are incorporated into documentation;
    • Ensuring that operational risk is managed effectively within his/her areas of responsibility, and that his/her teams comply with all approved operational risk controls;
    • As a member of the Senior Management Team, assist the CEO in the management and development of Africa50 to ensure a smoothly functioning, and efficient organization.
Selection Criteria
Including desirable skills, knowledge and experience
Applicants must have:
  • Experience of and a successful track record in developing infrastructure projects in emerging markets, including all financial aspects.
  • Experience of current trends, developments, and theories in finance and development of infrastructure around the world.
  • Skills to foster and cultivate business opportunities and partnerships.
  • Ability to recognize and be responsive to the needs of all clients of the organization, including funding organizations, the Board of Directors, governments, and employees.
  • People management skills to supervise staff, including regular progress reviews and plans for development.
  • Excellent verbal and written communication skills.
Application Closing Date
31st August, 2015.

How to Apply

Interested and qualified candidates should:
Click here to apply online

  

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