Managers of Wealth - Africa http://africabankers.net/ Thu, 18 Jul 2019 21:06:41 BST part of MediaG8way Group http://africabankers.net/ http://africabankers.net/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Investec Asset Management acquires Egyptian retailer News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23373/investec-asset-management-acquires-egyptian-retailer A booming middle class, real GDP growth and 100 million population has attracted the company. Wealth and Asset Management Bank renews commitment for wealth creation, sustainability News Aggregation Team Monday, July 15, 2019 1:00 am http://africabankers.net/article/23330/bank-renews-commitment-for-wealth-creation-sustainability The Managing Director of Ecobank Nigeria, Patrick Akinwuntan, who made the observations during a breakfast session organized for its premier banking customers, said the bank is committed to having regular sessions to educate customers on ways to ensure th Wealth and Asset Management Wealth report glosses over South Africa’s growing wealth gap News Aggregation Team Wednesday, July 10, 2019 1:00 am http://africabankers.net/article/23252/wealth-report-glosses-over-south-africaamprsquos-growing-wealth-gap It says average person has net assets worth $11,500 – but reality begs to differ Wealth and Asset Management Ecobank empowers customers to sustain wealth News Aggregation Team Tuesday, July 09, 2019 1:00 am http://africabankers.net/article/23228/ecobank-empowers-customers-to-sustain-wealth “And this is an issue across Africa and Nigeria being the power house of Africa, it is only appropriate that Ecobank in Nigeria brings together our premier banking customers, and have this kind of breakfast session, where we talk about the real issu Wealth and Asset Management Matjila: ‘I am prudent with other people’s money’ News Aggregation Team Tuesday, July 09, 2019 1:00 am http://africabankers.net/article/23237/matjila-amplsquoi-am-prudent-with-other-peopleamprsquos-moneyamprsquo Paints a picture of a man who is savvy with money while demonstrating tardiness in getting his submission in on time. Wealth and Asset Management Global wealth continues to build beyond Europe Mitzi Limlengco Tuesday, July 09, 2019 1:00 am http://africabankers.net/article/23242/global-wealth-continues-to-build-beyond-europe The ultra-HNWI population declined by 4%, and their wealth declined by around 6%. Wealth and Asset Management Money, money, money – the secrets of SA’s super-rich News Aggregation Team Monday, July 08, 2019 1:00 am http://africabankers.net/article/23108/money-money-money-ampndash-the-secrets-of-saamprsquos-super-rich The AfrAsia Bank SA Wealth Report for 2019 said there are five South African US dollar billionaires living in the country (those with net assets of $1 billion or more). Wealth and Asset Management UNDP partners Tony Elumelu Foundation to empower 100,000 young entrepreneurs in Africa News Aggregation Team Saturday, July 06, 2019 1:00 am http://africabankers.net/article/23199/undp-partners-tony-elumelu-foundation-to-empower-100000-young-entrepreneurs-in-africa The President of Niger, H.E Mahamadou Issoufou joined UNDP and TEF to launch the programme. Wealth and Asset Management Cape Town's Camps Bay and Bakoven have the largest number of R20m homes - report News Aggregation Team Friday, July 05, 2019 1:00 am http://africabankers.net/article/23185/cape-townamp039s-camps-bay-and-bakoven-have-the-largest-number-of-r20m-homes-report The report looked at the most exclusive suburbs in Cape Town and found that Camps Bay and Bakoven had the most amount of R20 million homes. Wealth and Asset Management The frugal life is the safest road to wealth News Aggregation Team Friday, July 05, 2019 1:00 am http://africabankers.net/article/23187/the-frugal-life-is-the-safest-road-to-wealth Delaying gratification may be one of the biggest factors to overcome to build wealth. Wealth and Asset Management Credit Suisse hires Goldman banker for Middle East, Turkey, Africa job Kris Borres Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23364/credit-suisse-hires-goldman-banker-for-middle-east-turkey-africa-job Shawki's last role at Goldman was head of investment banking Middle East and North Africa (MENA). Executive Moves JPMorgan Hiring in Africa as More Firms Seek London Listings News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23371/jpmorgan-hiring-in-africa-as-more-firms-seek-london-listings “International investors are interested and more open to the African growth story than ever before.” Executive Moves Stanbic Bank appoints new CEO News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23375/stanbic-bank-appoints-new-ceo The appointment of Joel is a further step in our drive to establish a solid presence in the Francophone West Africa Executive Moves Nigerian Merchant banks should look beyond wealth management News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23377/nigerian-merchant-banks-should-look-beyond-wealth-management Banjo Adegbohungbe, Executive Director and COO of Coronation Merchant Bank joins CNBC Africa for more Executive Moves Appointment of Dr Ng’andu positive but it’s a case of different messenger, same message-Standard Bank News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23383/appointment-of-dr-ngamprsquoandu-positive-but-itamprsquos-a-case-of-different-messenger-same-message-standard-bank Perhaps there is also a need to restructure some external debt in order to lengthen the maturity profile thereof,” the report said. Executive Moves ALSF appoints board members and new chair News Aggregation Team Monday, July 15, 2019 1:00 am http://africabankers.net/article/23347/alsf-appoints-board-members-and-new-chair Feliho, a senior lawyer who serves as the general counsel of the West African Development Bank in Togo will be joining Jhala in being responsible for effective conduct of ALSF’s operations and approval of its budget and appointment of the director Executive Moves Wells Fargo Names Fiona Gallagher to Lead Its European Banking Platform Kris Borres Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23273/wells-fargo-names-fiona-gallagher-to-lead-its-european-banking-platform In her position as WFBI CEO, Gallagher will be responsible for the leadership, management and governance of Wells Fargo’s European Bank, including its branches in the UK and Germany. Executive Moves South Africa central bank governor re-appointed for another 5 years News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23277/south-africa-central-bank-governor-re-appointed-for-another-5-years Ramaphosa also appointed Fundi Tshazibana and Rashad Cassim as deputy central bank governors for five years each, effective August 1. Executive Moves South Africa's Kganyago reappointed as central bank governor News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23282/south-africaamp039s-kganyago-reappointed-as-central-bank-governor Kganyago's second term as governor of the South African Reserve Bank (SARB) will start in November. Executive Moves All the big South African companies that are currently looking for CEOs News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23284/all-the-big-south-african-companies-that-are-currently-looking-for-ceos Business Insider South Africa made a list of all the major South African companies currently looking for new CEOs and where replacements have not yet been announced. Executive Moves Diamond Deal - Famous Actor and Accomplices Head to Court News Aggregation Team Sunday, July 14, 2019 1:00 am http://africabankers.net/article/23344/diamond-deal-famous-actor-and-accomplices-head-to-court The complainant says that upon arrival the suspect placed diamonds on the table Legal Why Looted Assets Are Difficult to Recover News Aggregation Team Friday, July 12, 2019 1:00 am http://africabankers.net/article/23309/why-looted-assets-are-difficult-to-recover Magu stated that Africa has come to the realization that one person, continent, agency or country alone cannot fight corruption and win Legal Well-known financial advisor Thomas Stringfellow arrested News Aggregation Team Friday, July 12, 2019 1:00 am http://africabankers.net/article/23312/well-known-financial-advisor-thomas-stringfellow-arrested Hands himself in over missing client money. P Legal ANC accused of pressuring public pension fund for money News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23291/anc-accused-of-pressuring-public-pension-fund-for-money Former chief said ruling party wanted cash for annual rally Legal South Africa: Mkhwebane vs Reserve Bank - No Sign of Life At the ConCourt News Aggregation Team Wednesday, July 10, 2019 1:00 am http://africabankers.net/article/23267/south-africa-mkhwebane-vs-reserve-bank-no-sign-of-life-at-the-concourt The Gauteng High Court in Pretoria earlier delivered a scathing judgment when it set aside Mkhwebane's findings against Absa and the SARB. Legal Nigeria court orders former minister forfeits $40m jewelry News Aggregation Team Sunday, July 07, 2019 1:00 am http://africabankers.net/article/23205/nigeria-court-orders-former-minister-forfeits-40m-jewelry On Tuesday the court also ordered former first lady Patience Jonathan, wife of Goodluck, to forfeit $33 million in local and hard currencies that was in her bank account after she failed to explain its source. Legal Old Mutual to oppose Moyo's bid for reinstatement News Aggregation Team Saturday, July 06, 2019 1:00 am http://africabankers.net/article/23203/old-mutual-to-oppose-moyoamp039s-bid-for-reinstatement Old Mutual is an investor in that company. Legal Old Mutual to file court papers against Moyo’s bid for reinstatement News Aggregation Team Friday, July 05, 2019 1:00 am http://africabankers.net/article/23193/old-mutual-to-file-court-papers-against-moyoamprsquos-bid-for-reinstatement Moyo has turned to the courts in an attempt to be temporarily reinstated as CEO and to claim damages Legal High Court bars Ngirita siblings from accessing money in KCB accounts News Aggregation Team Wednesday, July 03, 2019 1:00 am http://africabankers.net/article/23151/high-court-bars-ngirita-siblings-from-accessing-money-in-kcb-accounts Phyllis Njeri Ngirita, Lucy Wambui Ngirita, and Jeremiah Gichina Ngirita were named as respondents in the case with two companies – including Platinum Credit Limited – being named as interested parties. Legal Sassa stops payments to 2‚800 bank accounts over fraud claims News Aggregation Team Monday, July 01, 2019 1:00 am http://africabankers.net/article/23147/sassa-stops-payments-to-2ampsbquo800-bank-accounts-over-fraud-claims The instruction had been put on 2‚200 accounts from different banks and 600 from the South African Post Office (Sapo) nationwide‚ it said. Legal Richer countries urged to help Africans gain access to mobile banking News Aggregation Team Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23389/richer-countries-urged-to-help-africans-gain-access-to-mobile-banking The UK has already pledged $18m, France $25m and the Gates Foundation $73m to improve financial access. FinTech Internet a distant dream for many in oil-rich News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23369/internet-a-distant-dream-for-many-in-oil-rich Equatorial Guinea has the most expensive internet in the world after Zimbabwe, according to a list published this year by Ecobank, a pan-African bank FinTech Checking in with recently launched digital bank Hello Paisa News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23370/checking-in-with-recently-launched-digital-bank-hello-paisa Regardless of its short time on the market though, Hello Paisa was recently able to claim a place among the inaugural Inclusive Fintech 50 list, which recognised organisations addressing financial inclusion across the globe. FinTech Robotics in hedge fund administration Mitzi Limlengco Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23378/robotics-in-hedge-fund-administration Jon Hugill, Group Chief Information Officer, and Hein Gericke, Senior Manager – SA Fund Valuation and Accounting, give an update on robotics process automation (RPA) which Maitland has now extended to hedge fund administration. FinTech Mauritius – Playing in a tropical, Fintech sandbox Ana Hall Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23381/mauritius-ampndash-playing-in-a-tropical-fintech-sandbox Graham Patrick, Senior Client Manager, based in Mauritius, explains why for the tech-savvy investor, Mauritius is an interesting place to watch right now. FinTech Guaranty Trust Bank’s sharpened focus is a boon to its digitalisation drive News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23382/guaranty-trust-bankamprsquos-sharpened-focus-is-a-boon-to-its-digitalisation-drive Banks are embracing new digital technologies at breakneck speed FinTech Stanbic bank unveils digital banking News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23359/stanbic-bank-unveils-digital-banking Naigembe added: “This also provides the opportunity for customers to deposit any amount onto their account remotely using our ATMs, cash deposit machines, agents and mobile money.” FinTech StanChart launches digital bank in Zim News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23360/stanchart-launches-digital-bank-in-zim By digitalising the entire banking experience, customers will be able to enjoy simple, secure, and affordable banking anytime, anywhere. FinTech African fintech firm to enhance uptake of Wechat pay, Alipay News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23365/african-fintech-firm-to-enhance-uptake-of-wechat-pay-alipay "Our plan is to connect a total of 24 African countries to China in the next two years in order to provide seamless digital finance transactions across the two regions," Ndichu said during the Afro-Asia FinTech Festival. FinTech Nedbank launches new in-store digital solution to benefit customers News Aggregation Team Monday, July 15, 2019 1:00 am http://africabankers.net/article/23332/nedbank-launches-new-in-store-digital-solution-to-benefit-customers The innovative Nedbank POS finance application solution enables merchants to facilitate finance applications in-store, on behalf of their customers FinTech Access Bank UK balance sheet up 36% News Aggregation Team Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23385/access-bank-uk-balance-sheet-up-36 A total of N350 million (UD$970,000) were pledged during the day to build and equip 70 new classrooms, for children’s education in Northern Nigeria. Retail Banking Standard Bank Namibia wins Best Bank at the Euromoney Awards News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23357/standard-bank-namibia-wins-best-bank-at-the-euromoney-awards As a leading publication covering the growth of international finance, Euromoney’s awards programme recognises banks in almost 100 countries, in all regions and in 20 global categories. Retail Banking Access Bank launches new payments platform News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23358/access-bank-launches-new-payments-platform The traditional payment services have not kept pace with the economic and technological shifts in this industry as the payment model still operates under a correspondent banking relationship. Retail Banking KCB & Equity Bank emerge winners in the African Banker Awards 2019 News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23361/kcb-ampamp-equity-bank-emerge-winners-in-the-african-banker-awards-2019 Egyptian Central Bank Governor, Tarek Amer won Central Bank Governor of the Year. Romuald Wadagni from Benin won Finance Minister of the Year. Retail Banking Access Bank gets Karlsruhe Sustainable Finance award News Aggregation Team Monday, July 15, 2019 1:00 am http://africabankers.net/article/23328/access-bank-gets-karlsruhe-sustainable-finance-award The award is in recognition of the bank’s commitment to embedding social, environmental and economic sustainability into its core business strategy that helps address issues across its business operations and value chain Retail Banking Ecobank Workers Protest Termination of Contract; Bank Insists Action Taken Without Prejudice News Aggregation Team Friday, July 12, 2019 1:00 am http://africabankers.net/article/23307/ecobank-workers-protest-termination-of-contract-bank-insists-action-taken-without-prejudice Workers at Ecobank Nigeria Plc this morning carried out a protest at the Head Office of the bank at Victoria Island Lagos. Retail Banking GTBank Named Best Bank in Africa Ana Hall Friday, July 12, 2019 1:00 am http://africabankers.net/article/23311/gtbank-named-best-bank-in-africa Key to the emergence of GTBank as the Best Bank in Africa and the Best Bank in Nigeria, is the Bank's digital drive and its clarity of vision in reimagining the future of banks and banking. Retail Banking StanChart launches new phone-based bank solution News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23281/stanchart-launches-new-phone-based-bank-solution Jaydeep Gupta, the Regional Head of Retail Banking, Africa and the Middle East, said the solution is ideal for the African market, which continues to see a rising number of social media users Retail Banking KCB named Africa’s best bank for SMEs 2019 at the Euromoney Awards News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23298/kcb-named-africaamprsquos-best-bank-for-smes-2019-at-the-euromoney-awards KCB has the largest branch network of 258 branches and has presence in 6 East African countries. Retail Banking South African central bank stresses importance of independence News Aggregation Team Wednesday, July 10, 2019 1:00 am http://africabankers.net/article/23260/south-african-central-bank-stresses-importance-of-independence Naidoo said monetary policy needed to assess whether the economy was “too cold or too hot” and whether fiscal policy was acting normally Retail Banking JP Morgan eyes Africa for growth News Aggregation Team Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23387/jp-morgan-eyes-africa-for-growth “International investors are interested and more open to the African growth story than ever before.” Investment Banking Citigroup Disappointed by South Africa Investment as Deals Stall News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23280/citigroup-disappointed-by-south-africa-investment-as-deals-stall Bank is now sitting tight after expanding South African unit Investment Banking HSBC launches issuer services in the UAE and Egypt News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23285/hsbc-launches-issuer-services-in-the-uae-and-egypt In a statement, HSBC said that the addition of UAE and Egypt to the HSBC network brings the number of countries the business operates to 15. Investment Banking Barclays seeks to calm layoff fears News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23300/barclays-seeks-to-calm-layoff-fears The announcement is likely to offer little relief to its employees as firms routinely face redundancy after mergers, buyouts or divestitures, since the whole point of the process is to achieve efficiency through cost cutting. Investment Banking Standard Chartered launches digital banks and social banking solution in Africa News Aggregation Team Tuesday, July 09, 2019 1:00 am http://africabankers.net/article/23231/standard-chartered-launches-digital-banks-and-social-banking-solution-in-africa “The growing population of Africa is demanding faster and more convenient banking and it has been very rewarding to witness increased acceptance and growing demand for our digital products across the continent. Investment Banking 2019 has been 'a pretty good year', says StanChart MENA CEO News Aggregation Team Monday, July 08, 2019 1:00 am http://africabankers.net/article/23219/2019-has-been-amp039a-pretty-good-yearamp039-says-stanchart-mena-ceo Sunil Kaushal says Standard Chartered has seen very strong growth this year Investment Banking Kenyan banks weighed down by unprofitable stockbroking firms News Aggregation Team Monday, July 08, 2019 1:00 am http://africabankers.net/article/23221/kenyan-banks-weighed-down-by-unprofitable-stockbroking-firms NIC Bank bought 55 per cent stake in Solid Investment Securities and renamed it NIC Capital in 2008 and Co-op Bank Investment Banking Barclays seeks to sell three closed branches at Sh65m News Aggregation Team Friday, July 05, 2019 1:00 am http://africabankers.net/article/23186/barclays-seeks-to-sell-three-closed-branches-at-sh65m The bank says its digital channel capabilities were enhanced during the year leading to 70 per cent of transactions being processed outside the branch, up from 65 per cent the previous year Investment Banking Botswana, Zambia and Zimbabwe Saw the Apparition of Standard Chartered Digital Banks News Aggregation Team Thursday, July 04, 2019 1:00 am http://africabankers.net/article/23164/botswana-zambia-and-zimbabwe-saw-the-apparition-of-standard-chartered-digital-banks The first digital bank of its kind in Botswana and Zambia offers an end-to-end digital account opening experience that was developed following customer feedback to provide an appropriate platform to meet all their banking needs. Investment Banking Standard Bank and Citi have highest earnings from investment banking fees News Aggregation Team Thursday, July 04, 2019 1:00 am http://africabankers.net/article/23173/standard-bank-and-citi-have-highest-earnings-from-investment-banking-fees Of the $227m earned by investment banks in the first half of 2019, Standard Bank topped the tables with a 14% market share Investment Banking InsuResilience Investment Fund acquires stake in Royal Exchange General Insurance Company Mitzi Limlengco Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23393/insuresilience-investment-fund-acquires-stake-in-royal-exchange-general-insurance-company The InsuResilience Investment Fund and Royal Exchange General Insurance Company have signed an agreement according to which the Fund will acquire a 39.25% equity stake and appoint nominees to the Board of Directors. Alternative Investments Rhinos Come to the Bond Market, and Other Species May Follow Ana Hall Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23394/rhinos-come-to-the-bond-market-and-other-species-may-follow Bond seen as test for creation of conservation debt market Alternative Investments South African State Pension Fund to Invest More Offshore News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23384/south-african-state-pension-fund-to-invest-more-offshore Moving more GEPF cash offshore could send shockwaves through South Africa’s listed companies, many of which count the PIC as its biggest shareholder. Alternative Investments Investor confidence in Africa is returning News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23362/investor-confidence-in-africa-is-returning FDI inflows have risen due to advances in regional integration, the digital economy, infrastructure development and agribusiness Alternative Investments FNZ acquires German investech Ebase for €154m News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23367/fnz-acquires-german-investech-ebase-for-ampeuro154m “Ebase is a well-established investment platform and leader in the digitisation of wealth management solutions, known for its performance in the German financial services market,” Durham adds. Alternative Investments Africa free trade: $1b fund to offset losses News Aggregation Team Sunday, July 14, 2019 1:00 am http://africabankers.net/article/23319/africa-free-trade-1b-fund-to-offset-losses The agreement has already been ratified by 27 of Africa’s 55 countries, with Eritrea the only one yet to sign. Alternative Investments African banks should follow world trends News Aggregation Team Friday, July 12, 2019 1:00 am http://africabankers.net/article/23303/african-banks-should-follow-world-trends In April this year, 14 leading global financial institutions came together to create the Trade Finance Distribution Initiative in an effort to establish the US$25 trillion trade finance industry as a more appealing asset class for institutional investors. Alternative Investments African junk bonds last resort in hunt for yields News Aggregation Team Friday, July 12, 2019 1:00 am http://africabankers.net/article/23310/african-junk-bonds-last-resort-in-hunt-for-yields Bonds from six African countries are among the 10 best performers this year Read more at: //economictimes.indiatimes.com/articleshow/70185318.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Alternative Investments West Africa drives wealth growth in the continent News Aggregation Team Friday, July 12, 2019 1:00 am http://africabankers.net/article/23315/west-africa-drives-wealth-growth-in-the-continent Oxfam noted that the region has seen impressive economic growth in the past two decades, and in a few countries, this has been matched by a significant reduction in poverty levels. Alternative Investments Don’t let the default option lead you to a false sense of security News Aggregation Team Friday, July 12, 2019 1:00 am http://africabankers.net/article/23314/donamprsquot-let-the-default-option-lead-you-to-a-false-sense-of-security A default plan doesn’t consider a retiree’s personal circumstances, and there’s a risk that it’ll severely underperform your growth. Alternative Investments World Bank contradicts Tanzania's growth estimates News Aggregation Team Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23392/world-bank-contradicts-tanzaniaamp039s-growth-estimates Last year’s growth was affected by a decline in investment, exports and private lending, the report said. Comment, Analysis & Research Give it cash now and swop Eskom debt later, proposes Nedbank News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23380/give-it-cash-now-and-swop-eskom-debt-later-proposes-nedbank Other suggestions are being considered to ease Eskom from the burden of more than R440bn of debt, 70percent of which is guaranteed by the state. Comment, Analysis & Research Investor confidence in Africa is returning News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23349/investor-confidence-in-africa-is-returning FDI inflows have risen due to advances in regional integration, the digital economy, infrastructure development and agribusiness Comment, Analysis & Research Kenyan banks face lower earnings as bad loans rise News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23351/kenyan-banks-face-lower-earnings-as-bad-loans-rise Last year, the sector’s total income grew by a modest 3.3 per cent, a turnaround from a 4.8 per cent decline in 2017, largely buoyed by increased interest income on government securities, with the top banks investing heavily in Treasury bills and bo Comment, Analysis & Research SA Entrepreneurs Must Consider These Things Before Emigrating News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23352/sa-entrepreneurs-must-consider-these-things-before-emigrating There's a fine line between South African entrepreneurs emigrating to start a new life with the aim of expanding their businesses internationally; and those who end up taking an expensive holiday. Comment, Analysis & Research Financial Emigration Demystified: South Africans Need The Full Picture News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23354/financial-emigration-demystified-south-africans-need-the-full-picture Many South Africans believe they are 100% tax exempt in SA once they have formally emigrated – this is one of the biggest misconceptions. Comment, Analysis & Research 2017 to 2019: How 50 Cities Scored on Supporting Women Entrepreneurs Then to Now Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23363/2017-to-2019-how-50-cities-scored-on-supporting-women-entrepreneurs-then-to-now Building on annual research since 2010, Dell Technologies ranks cities based on the impact of local policies, programs and characteristics in addition to national laws and customs to help improve support for women entrepreneurs and the overall economy. Comment, Analysis & Research Good news: SA government bonds just breached 8%. Here's what that means News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23366/good-news-sa-government-bonds-just-breached-8-hereamp039s-what-that-means Bond yields are important because they guide the interest rates the government ends up paying to borrow money. Comment, Analysis & Research Solving Africa's pressing woes should be part of our companies business News Aggregation Team Monday, July 15, 2019 1:00 am http://africabankers.net/article/23331/solving-africaamp039s-pressing-woes-should-be-part-of-our-companies-business It has become more apparent that businesses can make money by resolving community problems, and that this approach is paramount to their overall future success. Comment, Analysis & Research The highest paid bank, insurance board chairs News Aggregation Team Monday, July 15, 2019 1:00 am http://africabankers.net/article/23341/the-highest-paid-bank-insurance-board-chairs Listed firms are by law obligated to disclose all payments made to board members to boost transparency and good governance practices. Comment, Analysis & Research Andersen Global Enters Senegal, Expands Presence in Africa Ana Hall Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23368/andersen-global-enters-senegal-expands-presence-in-africa Senegal thus becomes the thirteenth African country where Andersen Global has a member or collaborating firm offering legal services. Tax Global Forum on Tax Transparency assists Morocco to implement Exchange of Information on Request News Aggregation Team Monday, July 15, 2019 1:00 am http://africabankers.net/article/23336/global-forum-on-tax-transparency-assists-morocco-to-implement-exchange-of-information-on-request Following this seminar, they carried out a mock on-site visit from 3 to 5 July conducting a preliminary assessment to identify areas where improvements are needed and prepare stakeholders for the review process. Tax Mauritius to green light offshore funds in 60 days News Aggregation Team Thursday, July 04, 2019 1:00 am http://africabankers.net/article/23178/mauritius-to-green-light-offshore-funds-in-60-days "If the authorities find that it is not in Mauritius, then the entity is not a tax resident at all, and if it's not a tax resident, then the treaty benefits it gets with other countries will not be available to it," experts said. Tax 10 tax trends SARS is clamping down on News Aggregation Team Tuesday, July 02, 2019 1:00 am http://africabankers.net/article/23131/10-tax-trends-sars-is-clamping-down-on SARS will renew its focus on monitoring income and expenses from commission earners. Tax Five questions about SA’s upcoming expat tax answered News Aggregation Team Tuesday, July 02, 2019 1:00 am http://africabankers.net/article/23158/five-questions-about-saamprsquos-upcoming-expat-tax-answered From March 2020, Sars is changing the rules for South Africans working abroad; here’s what you need to know Tax Rwanda prefers a wider tax net to raising levies News Aggregation Team Thursday, June 27, 2019 1:00 am http://africabankers.net/article/23078/rwanda-prefers-a-wider-tax-net-to-raising-levies The government has also introduced changes to cap penalties arising from audits and investigations to a maximum of 20 per cent on any underdeclaration of taxes exceeding 10 per cent of the declared tax. Tax Black tax ‘is holding back young professionals’ News Aggregation Team Thursday, June 20, 2019 1:00 am http://africabankers.net/article/22982/black-tax-amplsquois-holding-back-young-professionalsamprsquo The burden of supporting extended family can cripple an individual’s financial aspirations. Tax Investment Tax Breaks News Aggregation Team Thursday, June 20, 2019 1:00 am http://africabankers.net/article/22983/investment-tax-breaks Tax is a big consideration in an investment portfolio, along with various other factors. Tax Black tax ‘is holding back young professionals’ News Aggregation Team Wednesday, June 19, 2019 1:00 am http://africabankers.net/article/22975/black-tax-amplsquois-holding-back-young-professionalsamprsquo The issue of black tax is a complex one, characterised by a balancing act between the responsibility felt to immediate and extended families, and the desire to attain financial freedom. Tax Confusion As New SA SARS Expat Tax Changes Come Into Force News Aggregation Team Friday, June 14, 2019 1:00 am http://africabankers.net/article/22930/confusion-as-new-sa-sars-expat-tax-changes-come-into-force Tax filing opens August 1 for all taxpayers, but digital platforms are available for e-filing from July 1. Tax Bank boards to pay heavily for cybercrimes in new regulations by CBK News Aggregation Team Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23390/bank-boards-to-pay-heavily-for-cybercrimes-in-new-regulations-by-cbk "Payment Service Providers (PSPs) should carry out regular independent assessment and audit functions that shall be undertaken by the internal and external audit and risk functions … The board of directors is ultimately responsible for the cyb Regulation,Tax & Compliance Stanbic Kenya, China partner to ease imports News Aggregation Team Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23388/stanbic-kenya-china-partner-to-ease-imports The programme has been jointly designed by Standard Bank Group, which Stanbic Bank Kenya is a member of, and Industrial Commercial Bank of China (ICBC). Regulation,Tax & Compliance Combating financial crime - KPMG Ana Hall Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23391/combating-financial-crime-kpmg 3 focus areas for banks to achieve more effective and efficient customer due diligence Regulation,Tax & Compliance In Zimbabwe, risk perception trumps orthodoxy as inflation soars News Aggregation Team Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23395/in-zimbabwe-risk-perception-trumps-orthodoxy-as-inflation-soars The Zimbabwean consumer is highly sceptical over government policy Regulation,Tax & Compliance Sino-Africa partnership holds much potential News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23372/sino-africa-partnership-holds-much-potential China has increasingly looked to the continent as an integral part of its plans. Regulation,Tax & Compliance CBK bets on single clients database to rein in fraudsters News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23374/cbk-bets-on-single-clients-database-to-rein-in-fraudsters The platform will be used by financial institutions Regulation,Tax & Compliance Pension Money Will Only Be Accessible After Retirement, Says Treasury News Aggregation Team Wednesday, July 17, 2019 1:00 am http://africabankers.net/article/23376/pension-money-will-only-be-accessible-after-retirement-says-treasury A shocker it will be, for the employees who would lose their jobs before the expected retirement age of 55 years Regulation,Tax & Compliance Senator denies owning properties seized by federal government News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23353/senator-denies-owning-properties-seized-by-federal-government The disclosure is against the backdrop of the recent clampdown by the anti-graft agency, sealing houses, filling stations, residential buildings and other properties it said had been traced to Mr Nwaoboshi. Regulation,Tax & Compliance Watered-down rules show regulators aren’t serious about reining in corporates News Aggregation Team Monday, July 15, 2019 1:00 am http://africabankers.net/article/23327/watered-down-rules-show-regulators-arenamprsquot-serious-about-reining-in-corporates These documents, in particular the first two, appeared to indicate willingness on the part of regulators to strengthen some of the weaker areas of corporate governance and responsible investment oversight. Regulation,Tax & Compliance US blames corruption for slowing down foreign investments in Kenya News Aggregation Team Monday, July 15, 2019 1:00 am http://africabankers.net/article/23329/us-blames-corruption-for-slowing-down-foreign-investments-in-kenya Investors warned that corruption remains deeply rooted in Kenya's society and economy. Regulation,Tax & Compliance UK aid: Largest single direct climate investment in Africa News Aggregation Team Tuesday, July 16, 2019 1:00 am http://africabankers.net/article/23355/uk-aid-largest-single-direct-climate-investment-in-africa Over the next five years, the new £250 million UK aid package would ensure UK expertise and experience can help developing countries become more climate resilient and move away from fossil fuels onto cleaner energy sources. ESG Private Wealth: Banking On Climate Change In Africa News Aggregation Team Monday, July 15, 2019 1:00 am http://africabankers.net/article/23337/private-wealth-banking-on-climate-change-in-africa Patrick Odier of Swiss wealth management firm Lombard Odier on why Africa offers immeasurable possibilities for investors, particularly those not risk-averse. ESG Solar energy is a gold mine investors in EA region will soon scramble for News Aggregation Team Wednesday, July 10, 2019 1:00 am http://africabankers.net/article/23258/solar-energy-is-a-gold-mine-investors-in-ea-region-will-soon-scramble-for If other countries in Africa were to emulate the successes and policies of what countries in East Africa have done, it would accelerate growth. ESG French development agency to promote sustainable digital solutions News Aggregation Team Saturday, July 06, 2019 1:00 am http://africabankers.net/article/23198/french-development-agency-to-promote-sustainable-digital-solutions This is not the first time you are setting up shop in Rwanda... What role does AFD hope to play in Rwanda? ESG Rethink environmental regulations in Africa, study urges News Aggregation Team Friday, June 28, 2019 1:00 am http://africabankers.net/article/23100/rethink-environmental-regulations-in-africa-study-urges However, it quickly became clear that simply plunking down Western green governance systems in these contexts wasn't working. Johnson explains. ESG African Development Bank participants at Blue Economy conference in Mozambique News Aggregation Team Tuesday, June 04, 2019 1:00 am http://africabankers.net/article/22770/african-development-bank-participants-at-blue-economy-conference-in-mozambique The conference themed: Growing Blue: Sustainable and Shared Exploitation of the Ocean, was hosted by the government of Mozambique from May 23-24 May 2019 and chaired by Mozambique President Filipe Nyus. ESG Insurers, UN collaborate on climatic risk management News Aggregation Team Monday, June 03, 2019 1:00 am http://africabankers.net/article/22754/insurers-un-collaborate-on-climatic-risk-management The Group Managing Director/Chief Executive Officer, Continental Re Plc, Dr Femi Oyetunji said, “The recent devastation wrought by Cyclone Idai, and now Cyclone Kenneth, is yet another wake-up call for the urgent need for action and collaboration t ESG Japan and Austria to support private sector climate change investments on the continent Mitzi Limlengco Tuesday, May 28, 2019 1:00 am http://africabankers.net/article/22676/japan-and-austria-to-support-private-sector-climate-change-investments-on-the-continent It will also help increase private sector investments that facilitate the implementation of NDCs in target countries. ESG ESG a Game-Changer – But Plenty Still to be Done… News Aggregation Team Friday, May 10, 2019 1:00 am http://africabankers.net/article/22487/esg-a-game-changer-ampndash-but-plenty-still-to-be-doneamphellip One of the trends according to panellist Sachin Vankalas, Director of Operations & Sustainability at LuxFLAG, is that an increasing awareness of ESG is driving demand in this investment category ESG African Development Bank to host Climate Change and Green Growth Day News Aggregation Team Thursday, May 09, 2019 1:00 am http://africabankers.net/article/22466/african-development-bank-to-host-climate-change-and-green-growth-day The event entitled ‘Moving from emergency relief to building resilience,” will feature two panels and a Seminar on the achievements and challenges in addressing climate change through Bank activities across all sectors. ESG