Panelist
speaker
Moderator
conference Team

Alain Nkontchou

Group Chairman, Ecobank Transnational Incorporated (ETI) & Managing Partner, Enko Capital
Alain Nkontchou

Alain Nkontchou is a Co-founder and Managing Partner of Enko. He is the CIO of Enko’s debt strategies and advises the private equity team on macro-related issues.

Alain was previously a Managing Director for Global Macro Trading within the Proprietary Trading Group of Credit-Suisse in London, a group he joined in 2005 from JP Morgan, where he had held the same position since 2002. From 2001 until 2002, Alain was a Portfolio Manager at BlueCrest Capital Management, and prior to that, he spent twelve years with JP Morgan (Chemical Bank). Alain has traded fixed income, currencies, commodities and stock indices over his 30+ years of experience.

Alain is an adviser to Laurent-Perrier, a leading champagne company listed on the Paris Stock Exchange, having been a board member there from 1999 to 2009. Alain is the Group Chairman of the Board for Ecobank Transnational Incorporated (ETI), the largest bank in Africa by geographic footprint.  He holds an MSc in Electrical Engineering from Ecole Supérieure d’Electricité in Paris and an MSc from Ecole Supérieure de Commerce in Paris.

Agenda

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Keynotes
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Friday
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3:30 pm
Klarman Hall
Diverse
Undoing the African Debt Trap
What role does the public and private sector play in undoing sovereign debt traps in Africa
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Undoing the African Debt Trap

In 2022, public debt in Africa reached USD 1.8 trillion. While this is a fraction of the overall outstanding debt of developing countries, Africa’s sovereign debt has increased by 183% since 2010, a rate roughly four times higher than its growth rate of GDP in dollar terms. Today, 60% of African countries spend more on repaying their debts than on healthcare, a trend that has been exacerbated by the COVID-19 pandemic, the war on Ukraine and the overall economic slowdown in the past few years. While international organizations have stepped in to support (for example, the G20 assisted 31 out of 36 eligible African countries with its Debt Service Suspension Initiative (DSSI)), the question remains: Why has Africa not been able to break out of this debt trap? And what role does the public and private sector play in moving past this dynamic?

America/New_York
Feb 16, 2024 3:30 PM
Klarman Hall
Host
Moderator
Fatima Daif