Skip to content

Capital Budgeting and Investment Appraisal for Finance Teams

Capital projects across mining, energy and infrastructure sectors in Africa often proceed on optimistic assumptions that unravel once financed. This course builds rigorous investment appraisal skills, covering discounted cash flow methods, cost of capital, sensitivity and scenario analysis, so finance teams can challenge project sponsors and present capital allocation decisions the board can trust.

Ready to book? Secure your place on this programme.

Register for this course

What you will be able to do

  • Calculate net present value, internal rate of return and payback for competing projects.
  • Determine an appropriate discount rate using the weighted average cost of capital.
  • Build sensitivity and scenario analyses that expose a project's key risk drivers.
  • Evaluate mutually exclusive projects under capital rationing constraints.
  • Incorporate inflation, currency and country risk into African capital projects.
  • Present investment appraisal findings in a format that supports board decision making.

Course outline

  1. 01Discounted cash flow methods compared
  2. 02Weighted average cost of capital
  3. 03Sensitivity and scenario analysis
  4. 04Capital rationing and project ranking
  5. 05Inflation and currency risk adjustments
  6. 06Country risk in African capital projects
  7. 07Post investment review and lessons learned
  8. 08Presenting appraisals to the board

Who should attend

Financial analysts, project finance managers, corporate finance managers and financial managers responsible for capital investment decisions.

Dates, venues and fees

DatesVenueDaysFeeCalendarRegister
28 to 30 Sep 2026Harare3US$1,500Closed
29 Sep to 1 Oct 2026Lilongwe3US$1,500Register
30 Sep to 2 Oct 2026Blantyre3US$1,500Register
5 to 7 Oct 2026Mozambique3US$1,500Register
6 to 8 Oct 2026Nairobi3US$1,500Register
7 to 9 Oct 2026Dar es Salaam3US$1,500Register
12 to 14 Oct 2026Kigali3US$1,500Register
13 to 15 Oct 2026Kampala3US$1,500Register
14 to 16 Oct 2026Accra3US$1,500Register
19 to 21 Oct 2026Lagos3US$1,500Register
20 to 22 Oct 2026Cairo3US$1,500Register
21 to 23 Oct 2026Mauritius3US$1,500Register
26 to 28 Oct 2026Dubai3US$1,500Register
27 to 29 Oct 2026Online3US$900Register
23 to 25 Nov 2026Johannesburg3R13,000Register
24 to 26 Nov 2026Cape Town3R13,000Register
25 to 27 Nov 2026Durban3R13,000Register
30 Nov to 2 Dec 2026Pretoria3R13,000Register
1 to 3 Dec 2026Windhoek3US$1,500Register
2 to 4 Dec 2026Gaborone3US$1,500Register
7 to 9 Dec 2026Maseru3US$1,500Register
8 to 10 Dec 2026Mbabane3US$1,500Register
9 to 11 Dec 2026Lusaka3US$1,500Register

Fees are per delegate. South African venues are priced in rand; other locations and online in US dollars. Fees exclude 15% VAT where applicable. Group bookings of three or more delegates from the same organisation qualify for a reduced rate; contact us for a quotation.

Related courses in Tax, Treasury and Banking

Tax, Treasury and Banking

Value Added Tax Compliance and Control

Most assessments arise from ordinary administration: input tax claimed without a valid tax invoice, output tax missed on a disposal...

Next session
29 Sep to 1 Oct 2026
Venue
Harare
3 day programme
FromR13,000
Tax, Treasury and Banking

Payroll Taxes and Employees Tax Administration

Payroll sits where employment law, benefits and tax collection meet, and errors repeat every month until someone finds them.

Next session
29 to 30 Sep 2026
Venue
Dubai
2 day programme
FromR10,000
Tax, Treasury and Banking

Corporate Income Tax Fundamentals

Accounting profit and taxable income are rarely the same number, and the difference has to be explained line by line.

Next session
29 Sep to 1 Oct 2026
Venue
Mbabane
3 day programme
FromR13,000
See all Tax, Treasury and Banking courses