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.

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

DatesVenueDaysFeeCalendar
17 to 19 Aug 2026Accra3US$1,500
24 to 26 Aug 2026Lusaka3US$1,500
31 Aug to 2 Sep 2026Kigali3US$1,500
7 to 9 Sep 2026Nairobi3US$1,500
14 to 16 Sep 2026Durban3R13,000
21 to 23 Sep 2026Johannesburg3R13,000
5 to 7 Oct 2026Mauritius3US$1,500
12 to 14 Oct 2026Dubai3US$1,500
19 to 21 Oct 2026Lagos3US$1,500
26 to 28 Oct 2026Harare3US$1,500
2 to 4 Nov 2026Kampala3US$1,500
9 to 11 Nov 2026Dar es Salaam3US$1,500
16 to 18 Nov 2026Pretoria3R13,000
23 to 25 Nov 2026Cape Town3R13,000
7 to 9 Dec 2026Online3US$900
14 to 16 Dec 2026Mozambique3US$1,500
21 to 23 Dec 2026Cairo3US$1,500

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, or an...

Next session
31 Aug to 2 Sep 2026
Venue
Dubai
3 day programme
FromUS$900
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. Employees tax...

Next session
31 Aug to 1 Sep 2026
Venue
Johannesburg
2 day programme
FromUS$900
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. Delegates follow the...

Next session
31 Aug to 2 Sep 2026
Venue
Kigali
3 day programme
FromUS$900
See all Tax, Treasury and Banking courses