SPECIALIST ADVISORY

Islamic Capital Markets.
Project Finance.
West Africa.

THE FIRM

Independent advisory firm specialising in Islamic capital markets, project finance, and sovereign advisory across West Africa.

AlterFinance Partners is not a consultancy. We do not author generic macro reports or speculative studies. We execute definitive financial mandates.

We are a specialist financial advisory and structuring boutique operating strictly at the intersection of project finance and Islamic capital markets, navigating structural complexities where standard international financial frameworks fail.

Our clients do not require generalised advice. They require definitive structural solutions.

THE PARTNERS

Partner-led execution across every mandate.

Senior partners are directly involved throughout every mandate, from initial structuring through to execution and completion.

SELECTED TRANSACTIONS

Representative transactions across sovereign, infrastructure, and Islamic capital markets mandates.

To maintain absolute client confidentiality, specific counterparty identities and asset descriptions are withheld. Full transaction detail available on request to qualified institutional counterparties.

01 — ISLAMIC CAPITAL MARKETS
~USD 70,000,000
Mandate
Agro-Industrial Sukuk
Role
Sole Financial Advisor
Jurisdiction
UEMOA Region

Designed and structured a hybrid Ijara/Mudaraba/Wakala Sukuk for a vertically integrated agro-industrial platform. Mandate encompassed ESG covenant framework design, FCTC/SPV legal architecture, full AMF/BCEAO/AAOIFI regulatory compliance structuring, and institutional syndication strategy. Sole financial advisor across all workstreams from origination to placement.

02 — PROJECT FINANCE
~USD 10,000,000
Mandate
LNG Infrastructure Finance
Role
Financial Modelling & Advisory
Jurisdiction
West Africa

Comprehensive 5-year project finance model for LNG regasification infrastructure supporting 120MW generation capacity. Full bankability analysis incorporating debt service coverage, loan life coverage, and cash flow analysis. Model engineered to withstand sovereign credit committee and DFI co-financing scrutiny.

03 — TRANSACTION ADVISORY
~USD 500,000,000
Mandate
Onshore Oil & Gas Acquisition
Role
Financial Due Diligence
Jurisdiction
West Africa

DCF valuation framework and four-workstream due diligence methodology for a major hydrocarbon sector entry transaction. Delivered a comprehensive acquisition risk framework addressing structural, fiscal, and operational dimensions of the onshore asset portfolio.

04 — RISK & PRUDENTIAL ADVISORY
Confidential
Mandate
Sovereign Stress Testing & Prudential Advisory
Role
Risk Analyst
Jurisdiction
West Africa

Prudential stress testing and capital adequacy analysis for a financial institution following sovereign downgrade scenarios. Mandate encompassed prudential ratio sensitivity analysis and recovery & resolution plan activation assessment, delivered for regulatory submission.

Additional transaction references available on request to qualified institutional counterparties.

STRUCTURAL FOCUS

Two disciplines. Deployed as one mandate.

Islamic Capital Markets

End-to-end Sukuk structuring across Ijara, Murabaha, Istisna, and Wakalah architectures. Shariah compliance design, scholar engagement, and regulatory navigation under AAOIFI, BCEAO, and CREPMF frameworks. ESG-linked instrument structuring for DFI co-financing requirements. Cross-border liquidity integration connecting institutional capital with regional infrastructure mandates.

Project Finance & Structuring

Comprehensive financial modelling and bankability optimisation for infrastructure and energy assets. Strategic risk allocation, prudential ratio analysis, and multi-tranche debt architecture engineered to withstand sovereign credit committee scrutiny. M&A financial due diligence, DCF valuation, capital structure advisory, and RWA perimeter analysis for financial sector transactions.

OPERATIONAL FOUNDATIONS
01

Selectivity Over Scale

We deliberately limit our active engagements. Senior partners are embedded in every mandate — from initial structural anatomy to final settlement.

02

The Analytical Absolute

Our advisory is anchored by institutional-grade quantitative analysis designed to withstand the scrutiny of global credit committees and sovereign regulators.

03

Sovereign Trust

Operating in high-barrier ecosystems demands absolute discretion, cultural alignment, and a proven record of safeguarding sovereign objectives.

LATEST INSIGHT
SOVEREIGN DEBT ANALYSIS · JUNE 2026
Lamine Gueye · AlterFinance Partners · June 2026

When Finance Devours the Economy

Adjustment Before Settlement

The March 2026 analysis asked: not whether Senegal can pay, but at what cost. The June update asks the parallel question: not whether Senegal can negotiate a programme, but whether it can reach an adjustment agreement before circumstances force a debt settlement. Brent's post-Iran-conflict spike activated a 12:1 subsidy-to-revenue asymmetry, while Finance Minister Diba's May testimony confirmed a CFA 774 bn energy-subsidy exposure at $85 Brent — rendering the 2026 baseline structurally inadequate. The binding constraint is increasingly political economy rather than fiscal arithmetic alone.

Read the paper
INSTITUTIONAL ACCESS

AlterFinance Partners accepts mandates exclusively via institutional referral, sovereign directive, or direct partner invitation.

For discreet preliminary enquiries regarding active mandates, co-advisory arrangements, or institutional partnerships across West Africa.

Discuss a Mandate