# When the Sovereign Defaults: Protecting a Company Through a Government Debt Crisis

> For chief executives, finance chiefs and boards of African companies that deal with governments or rely on foreign currency. Map your exposure, protect…

- Provider: BrandsClass Executive Academy (a Brands Nexus Network Limited company)
- Format: online lessons, then a live virtual boardroom simulation with AI board members, scored against a published rubric
- Duration: about 240 minutes (9 lessons)
- Access: 365 days from the day you start
- Price: ₦295,000 (NGN)
- Certificate: a certificate that anyone can verify online. It is not a regulated or accredited qualification.
- Level: Boardroom
- Who it is for: Chief executives, finance chiefs, treasurers, chairs and general counsel of African companies that supply the state, hold government securities, or depend on foreign currency and local banks.
- Page: https://brandsclass.com/courses/when-the-sovereign-defaults-protecting-a-company-through-a-government-debt-crisis/
- Last updated: 2026-10-14

## What you will learn

- Read the forms of a sovereign default and the channels through which it reaches a company
- Build an exposure map: direct, banking, foreign-currency, indirect, rating and contract links
- Protect liquidity: bank spread, payment continuity, credit lines, foreign-currency plans and a thirteen-week view
- Protect cash owed by the state with legal, commercial and insurance tools, and reduce future dependence
- Calculate covenant headroom and call lenders early, with a plan, treating all lenders equally
- Disclose exposure clearly, handle impairment and going-concern questions, and engage on policy through proper channels
- Look after staff and customers, and set board rules and a strategy for each outcome

## Lessons

1. Reading a sovereign default
2. Mapping your exposure to the state
3. Liquidity and the banking channel
4. Government receivables and contracts
5. Ratings, covenants and lenders
6. Investors, markets and accounting
7. Policy response and engagement
8. People, customers and social stability
9. Strategy after the default

## How to enrol

Open https://brandsclass.com/courses/when-the-sovereign-defaults-protecting-a-company-through-a-government-debt-crisis/ to create a free account and buy a seat.