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.
Islamic Capital Markets.
Project Finance.
West Africa.
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.
Partner-led execution across every mandate.
Senior partners are directly involved throughout every mandate, from initial structuring through to execution and completion.
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.
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.
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.
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.
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.
Selectivity Over Scale
We deliberately limit our active engagements. Senior partners are embedded in every mandate — from initial structural anatomy to final settlement.
The Analytical Absolute
Our advisory is anchored by institutional-grade quantitative analysis designed to withstand the scrutiny of global credit committees and sovereign regulators.
Sovereign Trust
Operating in high-barrier ecosystems demands absolute discretion, cultural alignment, and a proven record of safeguarding sovereign objectives.
When Finance Devours the Economy
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 paperAlterFinance 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