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Agenda

EAPI VIRTUAL AGENDA

 

2020 THEME: THINK DIFFERENT

This year’s theme, Think Different, will provide a collaborative environment for the industry to reconnect and navigate through these extraordinary times.

Powered by regional case studies and strategic insights the virtual event will unite industry leaders and uncover the future of the sector by answering three key questions:

 

    • What levers can be pulled to unlock credit and capital for the regional real estate industry in light of the Covid-19 pandemic?
    • How can stakeholders weather the storm and what recovery strategies have been used in other emerging markets that can be applied in East Africa?
    • What technologies and new business models can be deployed to revitalise the sector and accelerate the recovery?

EAPI VIRTUAL AGENDA AT A GLANCE

Please take note of times for CAT & EAT

EAPI VIRTUAL EVENT – WEDNESDAY, 29 JULY 2020

08h00 (CAT)
09h00 (EAT)

REGISTRATION | NETWORKING & EXPO

08h50 (CAT)
09h50 (EAT)

WELCOME REMARKS

09h00 (CAT)
10h00 (EAT)

Presentation

THE MACROECONOMIC REGIONAL OVERVIEW: How will the East African region recover from the pandemic? And how will it perform relative to the rest of the continent?

 

A look at:

 

        • Revised GDP growth forecasts across the region – who will emerge strongest post the pandemic?
        • The impacts of a decline in global demand; tourism activity; export revenues, and a disruption in supply chains across East Africa – when can we expect to see a recovery ? 
        • How will governments react and what fiscal and monetary interventions will be introduced to safeguard the economies?
        • Will regional currencies suffer in the short to mid-term?

 

Presented by: Nicola Weimar, Head Economist, Nedbank

09h30 (CAT)
10h30 (EAT)

Presentation

THE EAST AFRICA REAL ESTATE OUTLOOK – PRE & POST COVID-19: Analysing the market conditions pre the pandemic and looking at the the short-term and longer-term implications of Covid-19 on the region’s real estate sector. Will a development slowdown and subsequent absorption of surplus space create a much needed demand-supply equilibrium? And has the pandemic accelerated certain trends that were already in evidence prior to Covid-19?

 

Presented by: Ben Woodhams, Managing Director, Knight Frank Kenya

10h00 (CAT)
11h00 (EAT)

Presentation

RETHINKING THE CITY: DEVELOPING NEW PRACTICES & INTRODUCING PARAMETRIC METHODS FOR CREATING INNOVATIVE URBAN MODELS FOR CITIES: Applied Lessons from Emerging Markets

 

New practices and ways of living are transforming cities before our eyes, forcing us to rethink how we build them. Additionally, a high number of new cities and destinations are currently being built globally and more specifically in emerging markets. These cities and places are defined by the effective integration of physical, digital and human systems in the built environment, delivering a sustainable and prosperous future for growing populations. How are these developments shaping the future, and how can the East African RE industry take advantage of these growing trends?

 

Presented by: Anja Sophia Ehrenfried, General Director, CityThinking S.L by EDDEA

10h30 (CAT)
11h30 (EAT)

LIVE: KEYNOTE PRESENTATION Q&A

 

With:
Nicola Weimar, Head Economist, Nedbank
Ben Woodhams, Managing Director, Knight Frank Kenya
Anja Sophia Ehrenfried
, General Director, CityThinking S.L by EDDEA

LIVE KEYNOTE PANEL DISCUSSIONS

11h00 (CAT)
12h00 (EAT)

Panel Discussion

UNLOCKING LOCAL AND REGIONAL DEBT MARKETS: overcoming reduced funding to the sector due to risk aversion pre, during and post the pandemic – a look at project, construction and offtake finance

 

        • Crowding out of private finance by government borrowing – how do we overcome this?
        • Availability of project finance and overcoming current challenges in raising debt in a Covid-19 era – a developers perspective
        • Prerequisites for building a mortgage market – education, origination, securitisation, secondary market trading – how do we get there?
        • Mitigating against current & future NPL’s – the banks perspective
        • Debt packaging and the impact of guarantees, FX, working capital and offtake financing in a pre and post pandemic world

 

Moderator: Zoravar Singh, Managing Director, iJenga

 

Panelists:
Antony Kambiriri, CFO, Mi Vida
Godfrey Tapela, Senior Investment Officer, IFC
Caroline Wanjeri, Head of Mortgage, KCB Bank
Chris Chege, Head of Wholesale Banking, Co-op Bank, Kenya

12h00 (CAT)
13h00 (EAT)

Panel Discussion

THINKING DIFFERENTLY & STRATEGIZING IN A CHANGING MARKET: Prior to Covid-19 the market was already experiencing a slowdown – what strategies are in place to revive the market? What has the pandemic taught us and what can be done to re-build a resilient market? A look at solutions and new strategies for a market correction:

 

        • Filling up vacancies, dealing with tenant renegotiations and selling units – strategies for a tough trading climate 
        • Dealing with a pricing and returns correction – how is the East African market reacting? 
        • New focus areas: distressed assets and conversions, land/plot selling – what does the future look like?
        • New deal and capital structures – how will they work? 
        • Lack of Project Finance – with a decline in project financing how will developers and investors adjust their strategies?

 

Moderator: Ben Woodhams, Managing Director, Knight Frank Kenya

 

Panelists:
Gerhard Zeelie, Head of Property Finance Africa, Nedbank, South Africa
James Maclean, Director- Real Estate, Fusion Capital
Kenneth Kaniu, CEO, Britam Asset Managers Kenya
Samuel Kariuki, Managing Director, Centum Real Estate, Centum Investment Company Plc

13h00 (CAT)
14h00 (EAT)

Panel Discussion

LOOKING BEYOND THE 500,000 UNITS: How can the private sector deliver on mass scale housing delivery and how will developers deal with a slowdown in collections for off-plan real estate?

 

        • Why hasn’t the current government’s Affordable Housing Program whet the appetite of the private sector? and what will it take to deliver on mass scale housing beyond 2022. 
        • The end to end financing ecosystem – how can we get it right for the developers, contractors and end-users?
        • Drawing on regional and global examples that can work in Kenya – Egypt, Columbia and Brazil
        • Rental Model – is this the most viable solution to achieving scale in the short to midterm?

 

Moderator: Gikonyo Gitonga, Managing Director, Axis Real Estate

 

Panelists:
Sakina Hassanali, Director, HassConsult
Zoravar Singh, Managing Director, iJenga
Mucai Kunyiha, Immediate Past Chairman, Kenya Property Developers Association (KPDA)
Michael Kaniu, Director, Natureville Homes

14h00 (CAT)
15h00 (EAT)

NETWORKING BREAK & PRESS CONFERENCE

ROUNDTABLE DISCUSSIONS

STREAM A

STREAM B

14h30 (CAT)
15h30 (EAT)

Round Table

A NEW DAWN FOR INDUSTRIAL & LOGISTICS– Kenya and East Africa’s most active and resilient development sector. This session will look into how the different stakeholders within the logistics eco-system are adapting from a business perspective, how warehouse developers are innovating and what potential impact of increased e-commerce demand might have on the sector.

 

        • Innovation in leasing terms – are warehouse developers now considering more short term leases?
        • Supply chain disruptions, material shortages, labour restrictions – what is the impact of these on the logistics warehousing sector
        • What role will Third Party logistics suppliers play in the sector’s future ?
        • What is the current influence of the manufacturing sector on industrial and warehouse demand and will this change post Covid-19?
        • The impact of e-commerce – have you see a spike in demand from existing and new retail stakeholders? Will this be a big demand driver in the short term given Africa’s existing infrastructure challenges?

 

Moderator: Nick Langford, Managing Director at Adair Estates Kenya 

 

Panelists:
Richard Hough, CEO, Africa Logistics Properties (ALP)
Ranee Nanji, CO-CEO, Tilisi Developments 
Shamit Shah, MD, UPS Kenya
Paul Williamson, Head Leasing, Nairobi Gate

A REGIONAL OVERVIEW – THE AFTERMATH OF CURFEWS/LOCKDOWNS: A look into East African market dynamics, building costs & timelines, project & facilities management and architectural design

        • With construction industry projects facing labour shortages, supply chain issues and financing pressures – how is the region dealing with the implications of the pandemic on the sector? How quickly will the construction sector recover?
        • Impact of Covid-19 on project delivery and management – what strategies have been used in the region?
        • Challenges in procuring raw and other construction materials – what effect has this has on the development value chain?
        • Innovative designs and project planning to accommodate social distancing protocol – how do we develop sustainable going forward?

 

Moderator: Henning Rasmuss, Director, Paragon Architects 

 

Panelists:
Charles Haba, Managing Director, Century Real Estate, Rwanda
Heri Bomani, Managing Director, Pangani Group, Tanzania
Matthew Renshaw, COO, Profica
Moses Lutalo, Managing Director, Broll Uganda

15h30 (CAT)
16h30 (EAT)

Round Table

THE CHANGING FACE OF EAST AFRICA’S OFFICE MARKET: fundamental shifts in the regional commercial office landscape had already started taking place pre Covid-19 – will these structural trends be fast-tracked and will the flexible office and co-working sub -sector become more prevalent than ever?

 

        • From an occupier’s perspective- will we see a redistribution between core and flexi space? And how will this affect overall demand
        • How are current co-working / flexible office providers trading post-Covid-19 – will they be able to achieve desired rentals in Kenya, Uganda and Tanzania?
        • Enhanced hygiene initiatives will significantly increase operational expenditure – how are landlords and occupiers approaching the discussion and who bears the cost?
        • Co-working and Flexible office partnership models – how are these being structured? And are developers still able to achieve their returns?
        • What fundamental changes in both office design and workplace configuration can we expect to see in the short to mid-term? and how will this impact landlords and developers? 

 

Moderator: Jess Cleland, Group Managing Director: East Africa & Indian Ocean, Broll Property Group

 

Panelists:
Jonathan Turner, Managing Director, Advisory & Transaction Services Africa, CBRE Excellerate
Khalil Ketari, Chief Operating Officer, Haussmann
Michael Aldridge, CEO, Kofisi
Winnie Gachagua, Corporate Real Estate Services Manager, Knight Frank Kenya

EAST AFRICA PROPTECH OVERVIEW

 

Moderator: Sean Godoy, Co-Founder, Proptech Africa, South Africa 

 

Panelists:
Jevans Otieno, Founder, PropTech Kenya 
Ronald Kaweesi, Project Lead, Proptech Uganda 
Alvin Ocholi, Partner, Tempest Gold, Kenya 
Rose Barasa, Project Coordinator, Strathmore University

16h30 (CAT)
17h30 (EAT)

END OF DAY 1

EAPI VIRTUAL DAY 2

EAPI VIRTUAL EVENT – THURSDAY, 30 JULY 2020

08h00 (CAT)
09h00 (EAT)

REGISTRATION | NETWORKING & EXPO

08h30 (CAT)
09h30 (EAT)

OPENING ADDRESS: Honourable Charles Hinga Mwaura, Principal Secretary, State Department of Housing and Urban Development of the Ministry of Infrastructure, Housing and Urban Development

KEYNOTE PRESENTATIONS & PANEL DISCUSSION

09h00 (CAT)
10h00 (EAT)

Presentation

LEVERAGING CAPITAL MARKETS FOR EAST AFRICA’S REAL ESTATE AND HOUSING SECTOR

 

        • Growth and viability of green bonds as a key instrument for capital raising in the region – lessons learnt from recent listings
        • Securitization, Sukuks, and SACCO’s – how can we leverage these to support construction and offtake financing in the housing sector
        • Policy and regulatory hurdles – how can we create a more enabling environment?
        • Developing new financial, debt and quasi debt instruments for the sector – innovative products used in other regions and globally- can they be applied in East Africa and how?
        • Specialized Collective Investment Schemes – and other innovative ways to drive investment
        • Reduction in the minimum amount need to invest in REITS

 

Presented by: Geoffrey Odundo, CEO, Nairobi Securities Exchange (NSE)

09h30 (CAT)
10h30 (EAT)

Presentation &
Panel Discussion

STUDENT ACCOMMODATION: TURNING THE TIDE: An Edge and Acorn based case study

 

  • Prospects for the future supply/development of student housing post-Covid-19, are these still feasible? Will there be a decline in demand and supply?
  • Thinking differently – Africa needs to capitalise on the growing demand for locally issued green bonds to finance climate-resilient accommodation for university students – Kenya has already taken advantage of the issuance of Green Bonds – when will the rest of East Africa follow suit?
  • What strategies will be used going forward to ensure that the sector is profitable and attracts investment both locally and internationally?

 

Presented and Moderated by: Dennis Papa Odenyi Quansah, Green Building Lead, IFC Edge, Ghana

 

Panelists:
Wangui Maranga, Head of Corporate Finance, Acorn, Kenya
Raghav Gandhi, REIT Consultant, Acorn Holdings
Elizabeth Chege, Chairperson, Kenya Green Building Society (KGBS)

10h30 (CAT)
11h30 (EAT)
Presentation

PROGRESS REVIEW OF THE KENYAN AFFORDABLE HOUSING PROGRAMME (AHP): Is it still a reality or should we adjust expectations?

 

Presented by: Kecia Rust, Executive Director, Centre for Affordable Housing Finance in Africa (CAHF)

11h00 (CAT)
12h00 (EAT)

Panel Discussion

INVESTING IN AFFORDABLE HOUSING POST COVID: Rethinking alternative financing for end users

This panel brings together affordable housing experts from funders to investors to financial institutions to discuss the investor and financing landscape for affordable housing.

 

Discussion:

 

        • What is affordable housing within your industry? What are the current financing options in housing regionally and what are the existing challenges and solutions that can be adopted?
        • What are the alternative financing mechanisms for end users and how have regional banks stepped in to provide and support these options?
        • Within the ecosystem, are there untapped opportunities that have not been explored, why has this been the case?
        • What strategies have been employed by regional banks and what are the opportunities that can be leveraged on in a post Covid-19 world?
        • There is a strong convergence between developers and financing for homeowners, what and how can developers support the process for better alternative financing, could we consider fixer upper homes as a solution?

 

Moderator: Kecia Rust, Executive Director, Centre for Affordable Housing Finance in Africa (CAHF)

 

Panelists:
Robert Canwat,  Chief Manager Microfinance, Centenary Bank Uganda
Johnstone Oltetia, CEO, Kenya Mortgage Refinance Company (KMRC)
Mugure Njendu, President, Architectural Association of Kenya (AAK)
George Mugweru, Specialist – Housing Market Systems, Habitat for Humanity International

12h00 (CAT)
13h00 (EAT)

LIVE: KEYNOTE PRESENTATION Q&A WITH PRESENTERS

 

With:
Geoffrey Odundo, CEO, Nairobi Securities Exchange (NSE)
Dennis Papa Odenyi Quansah, Green Building Lead, IFC Edge, Ghana

Kecia Rust, Executive Director, Centre for Affordable Housing Finance in Africa (CAHF)

LIVE KEYNOTE PANEL DISCUSSIONS

12h30 (CAT)
13h00 (EAT)

Panel Discussion

PENSION FUND AND INSTITUTIONAL INVESTMENT IN REAL ESTATE AND INFRASTRUCTURE: Pooled funds, Specialized Collective Investment Schemes, Development Of Structured Products, direct versus non-direct investment and exit strategies – where and how are institutional investors allocating their funds? and what can be done to accelerate their funding to Affordable Housing?

 

Moderator: Adil Suleman, Head, Actuarial Division, Zamara

 

Panelists
Gideon Chokah, Executive Principal, Head – Securities Services and Investors & Intermediaries (Kenya & East Africa), Standard Chartered Bank 
Pius Muchiri, CEO, Nabo Capital
Ngatia Kirungie, Director, Spearhead Africa
David Luwigi, Property Investment Manager, GenAfrica

13h30 (CAT)
14h30 (EAT)

Panel Discussion

THE CURRENT AND FUTURE IMPACT OF COVID-19 ON THE EAST AFRICAN RETAIL SECTOR: Already over supplied and under pressure pre pandemic; how has the sector performed and how have retailers and mall owners adapted, what are their current and future strategies and where is the sector heading in the short to mid-term?

 

  • Anchor shops vs line shops – how shopping mall tenants dealt with the dip in foot traffic and restrictions on the sales of non-essential goods?
  • Which regional shopping malls have performed better during this period? What can other retailers or retail owners learn from their success?
  • What has the pandemic taught landlords and tenants? How do we see this relationship evolving?
  • Online shopping/E-commerce forcing a change in both retailer and landlord strategies – what does this mean for retailer expansion and retail developments and investment going forward in East Africa?

 

Moderator: Wambui Mbarire, CEO, Retrak

 

Panelists:
Dhruv Shah, Head of Development & Strategy, Sarit Centre
Willy Kimani, Chief Commercial Officer, Naivas Limited
Marc du Toit, Head of Retail, Knight Frank, Uganda

14h30 (CAT)
15h30 (EAT)

NETWORKING BREAK

ROUNDTABLE DISCUSSIONS

15h00 (CAT)
16h00 (EAT)

Round Table

NAVIGATING EAST AFRICA’S HOTEL INVESTMENT & DEVELOPMENT PROSPECTS: With Kenya and Tanzania largely driven by tourism and hospitality what is being done to endure the pandemic and see the sector recover? A discussion that looks at an operator, investor and developer perspective on the impact of Covid-19 on the region’s hotel industry:

 

        • Adapting to the performance and market conditions in the region – how has the hotel sector  in Nairobi, Kampala and Dar es Salaam performed and what will the next 12 – 18 months look like for these cities?
        • What is the public sector/government doing to assist in stimulating  the sector in the short to medium term? 
        • How much local tourism demand is there and can this help buffer against a prolonged downturn for the sector?
        • Strategies – what are branded and independent hotels doing to secure revenue for 2020/2021 and beyond. 
        • Which hospitality sub sectors in East Africa have been most affected? Bleisure, leisure,short stay, long stay – who will emerge strongest?
        • Secondary city opportunities and the necessity for satellite town expansion – is this still a possibility?

 

Moderator: Wayne Godwin, Head Hotel Advisory, JLL Hotels & Hospitality Group, South Africa

 

Panelists:
Samantha Muna, Director of Development East Africa, Hilton
Dhruv Pandit, CEO , Fedha Group, Kenya
Hooman Ehsani, Director of New Developments, Greenhills Investments
Bani Haddad, Managing Director, Aleph Hospitality

16h00 (CAT)
17h00 (EAT)

Round Table

WOMEN IN EAST AFRICAN REAL ESTATE PANEL: A look at current challenges, opportunities for growth and empowerment.

 

Moderator: Robyn Emerson, Urban Planner and President, Women in Real Estate

 

Panelists:
Emma Miloyo, Architect and Partner, Design Source
Kawira Njogu, Head of Placement, Buildher
Christine Namagulu, CEO, NEWPLAN Kenya (NEWPLAN Group)

17h00 (CAT)
18h00 (EAT)

END OF CONFERENCE

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ROUND TABLE DISCUSSIONS

B-2-B NETWORKING

PERSONAL 1-ON-1 CALLS