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Africa Day Conference

by IE Africa Club Madrid Chapter

On Campus Economics Business

Fri, 25 May 2018

2:00 PM – 6:00 PM

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Calle de María de Molina, 11, 28006 Madrid, Spain

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In line with the African Union’s Pan African vision of an integrated, prosperous and peaceful Africa, driven by its own citizens, representing a dynamic force in the international arena, the theme of the conference is "Opportunities and Challenges for sustainable intra-regional growth in Africa".
The conference aims to host relevant discourse on priority areas relevant to the successful integration and prosperity of the continent - such as trade, infrastructure and ICT - their associated targets and expected outcomes over the next few years and indicative strategies to stakeholders. Conversations would be moderated by IE Business School Professors of Economics, while the panels would consist of policymakers, industry experts and business practitioners in the relevant fields.
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Calle de María de Molina, 11, 28006 Madrid, Spain


Osaruyi Orobosa-Ogbeide


Africa Finance Corporation

Osaruyi currently serves as an Associate Vice President in charge of Project Development and Investments, at AFC, where he is responsible for AFC’s project development efforts, execution of direct investments, business development and project origination. He also manages the AFC-FMO joint project development facility, which deploys early stage investment to projects in order to achieve bankability. He is the Alternate Director on the Board of the Africa Infrastructure Development Association (AfIDA), a signature, innovative and strategic initiative of AFC that seeks to foster the advancement of project development activities on the African continent. Osaruyi executed AFC’s first platform investment, the Gabon Special Economic Zone (GSEZ) project, alongside the Gabonese government and Olam International (a long-time player in Africa’s agro-industrial and infrastructure space). The investment supported development and construction of a portfolio of seven (7) transportation projects, industrial zones and common infrastructure. He is currently leading the development of several renewable projects at AFC.

Prior to his current role, Osaruyi joined AFC in 2012, as Special Assistant to the President and Chief Executive Officer (CEO) where he was responsible for strategy planning and execution, business development and origination. During this time, he was the CEO’s a nominee on several committees: Valuation, Sub-Investment, and Procurement, within the Corporation and at key corporate external events focusing on business planning, project finance, corporate governance, strategy development and implementation.

Osaruyi began his career with Financial Derivatives Company – a boutique investment banking firm in Lagos, in November 2007 as an economic research analyst.  Osaruyi has an MBA from Lagos Business School, a degree in Biochemistry from the University of Benin and has attended several trainings in project finance, financial modelling, writing and public speaking, entrepreneurship, including a Corporate Governance course at IMD.

Dr. Hippolyte Fofack

The African Export-Import Bank


Dr. Hippolyte Fofack is the Chief Economist and Director of Research and International Cooperation Department at the African Export-Import Bank. In that capacity, he directs theoretical and applied economic research activities and advises the President and Executive Vice Presidents on matters relating to research, policy development and strategic directions. Prior to joining Afreximbank he was with the World Bank Group, where he served in several capacities, including as Senior Economist and Cluster Leader and Head of the Macroeconomic and Growth Program at the World Bank Institute. Dr. Fofack has published extensively and is a member of several leading professional and scientific organizations, including the American Economic Association, the African Finance and Economic Association. He is a Fellow of the African Academy of Sciences, member of the Board of Trustees of the African Academy of Sciences, Editor-in-Chief of Contemporary Issues in African Trade and Trade Finance, Associate Editor of the Journal of African Development and member of the Editorial Advisory Board of the Journal of African Trade.

Dr Andrew S Nevin

Advisory Partner and Chief Economist, PWC West Africa, Co-Founder, Binkabi

PWC, West Africa

Dr. Andrew S. Nevin, PhD is one of PwC’s leading global thinkers, working at the complex intersection of economics, strategy, and regulation. He has almost 30 years of professional experience as an Economist, Strategy Consultant, line manager, and private equity investor, and in his professional career has previously lived in Asia, North America, and Europe. He been based in Lagos, Nigeria since early 2012.

In Nigeria, Andrew now plays a role in creating a strong and vibrant economy and society in the world's most dynamic continent. As FS Advisory Leader, Andrew has served numerous Nigerian banks across a range of strategy, technology, operational, and regulatory issues. In addition, he has done a number of engagements helping global companies in a range of industries look at their options for entering and expanding in Nigeria and Africa.

As Chief Economist, he led the writing of PwC Nigeria’s White Papers: Impact of Corruption on the Nigerian Economy (Jan 2016, which showed that Nigeria’s GDP would be over $100Bn larger if it had the same level of corruption as Ghana) and Nigeria: Looking Beyond Oil (March 2016, which determined analytically which sectors would have the biggest impact overall on Nigeria’s development, with agriculture as the most important). In May 2015, he led the development of PwC’s paper on the impact of the oil price decline on Nigeria’s economy: What next for Nigeria’s economy? Navigating the rocky road ahead.

He is also a frequent TV commentator on the Nigerian economy and contributor to the print media. His media appearances and writings can be seen on his economics website –

In 2010, he conceived and led the creation of Project Blue, PwC’s most comprehensive Financial Services intellectual Thought Leadership, which introduced PwC to thinking about the key global megatrends. He has recently returned to become Global Leader of Project Blue, which is now focused on both envisioning but also shaping the Future of Financial Services. Before joining PwC, he spent 10 years living in China and was the President of United Family Hospitals (China’s pre-eminent international hospital chain) during the SARS crisis in 2003 through early 2005.

Andrew started his career at McKinsey & Company, serving in the Toronto and Paris offices. He holds a PhD in Economics from Harvard University, an MA in Philosophy and Politics from Balliol College, Oxford University (where he studied as a Rhodes Scholar and scored 2 goals in the 100thanniversary Blues ice hockey match vs. Cambridge), and a BSc (Hon) in Computer Science and Mathematics from the University of Western Ontario, Canada. In April 2011, he was named Strategy Consultant of the Year for 2010by the Management Consultants Association in the UK. Andrew is a Canadian citizen.

Lynda Madu

Head, Corporate Services and Development

MainOne Cable Company

Lynda Madu is the Head of Corporate Services and Development at MainOne Cable Company. Prior to joining MainOne, Lynda Madu worked with KPMG, a global network of professional firms that provide Audit, Tax and Advisory services. While at KPMG, she was a Management Consultant providing Advisory services to clients in the Telecommunications, Financial Services, Consumer Markets and Oil & Gas Industries. Her experience spans the areas of business strategy development and implementation; organization design; business process design and improvement; and human resource transformation.

Dr Lance Mambondiani


Steward Bank, Zimbabwe

Lance Shingai Mambondiani is Chief Executive Officer at Steward Bank, a wholly owned subsidiary of Econet Wireless Limited. He also doubles up as CEO of the Digital Banking Arm for Cassava Fintech, another subsidiary of Econet Wireless Global responsible for digital banking projects across Africa. He is a Lawyer and Banker with years of experience at executive level and was recently named in an Africa Report Magazine 2017 top list of - Who is Who in African Finance.

He has worked across Africa, Europe, and the USA for various Banking and Financial Institutions. He was also engaged as a Lecturer in International Finance for development at the University of Central Lancashire Business School and as guest lecturer in Financial Markets and Corporate Governance at the University of Manchester. He has also had roles as Managing Director of Kingdom Private Bank, a division of Kingdom Financial Holdings and Chief Executive Officer of TN Asset Management, a subsidiary of TN Bank in Zimbabwe. Prior to his banking career, he practised as a corporate attorney.

He is a Chevening scholar, attaining his PhD from the University of Manchester in 2011, analysing the relationship between bank ownership, corporate governance and profitability in the Zimbabwean banking sector. He has a combination of skills in retail and investment banking, economics, trade finance, corporate finance, law and development finance.

Paula Garcia

Head of Service Sales, South Europe & Africa

Siemens Gamesa, Spain

Juan Garcia Montes

Head of BtoC and Head of PowerCorner

BU Africa, ENGIE, France

Mr Montes manages activities of B2C at BU Africa-Engie. He currently works on several solutions and projects in Sub-Saharan Africa for decentralised energy solutions (on and off-grid). He is the Head of PowerCorner, a decentralised energy services company dedicated to Mini-Grids within Engie. He oversees a fully dedicated team to Mini-Grids with the goal of reaching off-grid rural population in several countries in Africa.

He is an experienced professional in development and implementation of solar energy projects related to energy access, working in 3 continents and more than 60 countries with projects executed.

He has managed multicultural teams oriented to achieve results and perform quality based projects and speaks 5 languages (Spanish; English; French; Italian; Portuguese) as well as basic knowledge of Arabic and Hindi.

He had his undergraduate studies in Law and Economics, and an Executive MBA at IE Business School. Other areas of expertise include technical knowledge, financial analysis and evaluation of projects as well as project and business development. His main focus is in rural electrification projects as well as working in emerging and developing countries.

Honorable Mr. Bramwel Kisuya


Embassy of the Republic of Kenya

Greg Nau

CFO and Co-Founder

mPower Ventures AG

Greg is Co-Founder and CFO of MPower Ventures AG, a Zurich and Madrid based company financing and distributing affordable solar systems in Sub-Sahara Africa.

Before co-founding MPower he worked as a managing partner at a boutique auditing and international tax advisory in Frankfurt/Germany and Madrid/Spain.

Greg holds a master’s in management degree from IE Business School and took part in executive education at IE Law School. Too, at an undergraduate level he studied at City University London and Hong Kong University of Science and Technology.

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