Managers of Wealth - Africa http://africabankers.net/ Wed, 23 Sep 2020 11:21:00 BST part of MediaG8way Group http://africabankers.net/ http://africabankers.net/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Holborn Assets expands South Africa operation News Aggregation Team Thursday, September 17, 2020 1:00 am http://africabankers.net/article/28450/holborn-assets-expands-south-africa-operation It has around 50% more advisers onshore than 12 months ago and plans Durban office Wealth and Asset Management The most challenging period in Sanlam’s 100 year history: CEO News Team Thursday, September 10, 2020 1:00 am http://africabankers.net/article/28361/the-most-challenging-period-in-sanlamamprsquos-100-year-history-ceo The Group commenced the 2020 financial year from a solid base, with growth accelerating for most businesses in the second half of 2019. Wealth and Asset Management Wealth management gets digital intervention News Aggregation Team Sunday, September 06, 2020 1:00 am http://africabankers.net/article/28303/wealth-management-gets-digital-intervention But best option for the future will be to mix it up with human element Wealth and Asset Management Pandemic has so far cost Old Mutual at least R2.8bn News Aggregation Team Wednesday, September 02, 2020 1:00 am http://africabankers.net/article/28264/pandemic-has-so-far-cost-old-mutual-at-least-r28bn Management focuses on the positive and promises to work towards recovery and growth. Wealth and Asset Management Investing in the Caribbean Piques the Interest of Nigeria’s High-net-worth Individuals News Aggregation Team Monday, August 31, 2020 1:00 am http://africabankers.net/article/28220/investing-in-the-caribbean-piques-the-interest-of-nigeriaamprsquos-high-net-worth-individuals The programs allow foreign nationals to obtain fast-tracked citizenship and passports or permanent residency permits in exchange for specified amounts of cash investments. Wealth and Asset Management Credit Suisse tackles fallout from wealth management fraud News Aggregation Team Monday, August 31, 2020 1:00 am http://africabankers.net/article/28222/credit-suisse-tackles-fallout-from-wealth-management-fraud Banker who forged papers on contract fired, deception led to loss of about $15m: Sources Wealth and Asset Management Old Mutual predicts H1 loss as Covid-19 hits trading News Aggregation Team Tuesday, August 25, 2020 1:00 am http://africabankers.net/article/28155/old-mutual-predicts-h1-loss-as-covid-19-hits-trading The South Africa-focused insurer said Covid-19 continued to have an unprecedented impact on its business Wealth and Asset Management Global dividends plunge by $108bn during Covid-19 crisis News Aggregation Team Monday, August 24, 2020 1:00 am http://africabankers.net/article/28133/global-dividends-plunge-by-108bn-during-covid-19-crisis Study of world’s largest 1,200 companies reveals biggest quarterly drop since records began Wealth and Asset Management Sanlam outlines asset management deal with billionaire Motsepe’s firm News Aggregation Team Sunday, August 23, 2020 1:00 am http://africabankers.net/article/28129/sanlam-outlines-asset-management-deal-with-billionaire-motsepeamprsquos-firm ‘This transaction takes Sanlam a step further on the journey to becoming South Africa’s leading asset manager,’ CEO Paul Hanratty said. Wealth and Asset Management Standard Bank’s Africa Wealth Report Provides Landmark Research On The High-Net-Worth Segment In Key African Markets News Aggregation Team Friday, August 21, 2020 1:00 am http://africabankers.net/article/28122/standard-bankamprsquos-africa-wealth-report-provides-landmark-research-on-the-high-net-worth-segment-in-key-african-markets Respondents hailed from a diverse array of industries including real estate, manufacturing, construction, financial services, technology, oil and gas as well as education, entertainment, retail, trade and banking. Wealth and Asset Management Nairobi tax team joins Bowmans News Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28530/nairobi-tax-team-joins-bowmans Bowmans has continued to build up its tax expertise with a trio of hires from a Nairobi firm. Executive Moves Westpac appoints new boss of its retail banking division News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28500/westpac-appoints-new-boss-of-its-retail-banking-division Westpac has chosen a South African with a strong background in fintech and digital banking as the new head of its retail banking division. Executive Moves Ukheshe Confirms Two Key Appointments News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28510/ukheshe-confirms-two-key-appointments According to the most recent Banking in Africa report, African banking groups are still emphasising investment on e-banking and mobile banking services. Executive Moves Polaris Bank Announces Segun Opeke As Executive Director News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28494/polaris-bank-announces-segun-opeke-as-executive-director The Lagos Directorate under, his leadership, recorded outstanding growth and contributed significantly to the turnaround of the Bank, evidenced by its impressive financial performance recorded in the 2019 financial year. Executive Moves UAP Old Mutual Group makes key executive appointments News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28482/uap-old-mutual-group-makes-key-executive-appointments This is four months after naming Arthur Oginga as CEO Executive Moves Equinix appoints new managing director to lead Middle East and North Africa business News Team Wednesday, September 16, 2020 1:00 am http://africabankers.net/article/28431/equinix-appoints-new-managing-director-to-lead-middle-east-and-north-africa-business IT veteran Kamel Al-Tawil joins as MENA businesses seek to accelerate digital transformation and shift to the cloud Executive Moves Yomi-Ajayi Appointed to US EXIM’s Africa Advisory Committee News Aggregation Team Wednesday, September 16, 2020 1:00 am http://africabankers.net/article/28437/yomi-ajayi-appointed-to-us-eximamprsquos-africa-advisory-committee UBA’s Group Chairman, Mr. Tony Elumelu, stated that the appointment was recognition of the role the pan-African bank Executive Moves Goldman Sachs names new investment banking bosses in Europe News Aggregation Team Wednesday, September 16, 2020 1:00 am http://africabankers.net/article/28448/goldman-sachs-names-new-investment-banking-bosses-in-europe The bank appoints Anthony Gutman and Gonzalo García as co-heads in newly-created position Executive Moves Deutsche Bank appoints Loïc Voide and Kees Hoving as Co-CEOs for the Middle East and Africa News Team Tuesday, September 15, 2020 1:00 am http://africabankers.net/article/28416/deutsche-bank-appoints-loampiumlc-voide-and-kees-hoving-as-co-ceos-for-the-middle-east-and-africa In addition to their role as Co-CEOs, Voide is appointed Head of the International Private Bank (IPB) MEA, Chief Country Officer (CCO) for the UAE and General Manager of Deutsche Bank AG Dubai (DIFC) Branch subject to regulatory approval. Executive Moves UBA chief gets American appointment News Team Tuesday, September 15, 2020 1:00 am http://africabankers.net/article/28430/uba-chief-gets-american-appointment The committee is composed of prominent members of the US business community and Ms. Yomi-Ajayi is the sole representative of an African institution. Executive Moves Broker charged over missing Sh11.8 million re-insurance premiums News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28528/broker-charged-over-missing-sh118-million-re-insurance-premiums The broker failed to remit all reinsurance premiums paid to her company Legal MacArthur Foundation raises strong voice for whistleblower protection News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28489/macarthur-foundation-raises-strong-voice-for-whistleblower-protection ...as stakeholders call on Buhari, NASS for urgent legislative action Legal Combating Fraud in Banking Industry News Aggregation Team Thursday, September 17, 2020 1:00 am http://africabankers.net/article/28454/combating-fraud-in-banking-industry Dike Onwuamaeze writes on efforts by banks to protect customers from the activities of fraudsters in the financial system who are on the prowl Legal FNB and Standard Bank clients were also charged twice after Nedbank glitch News Aggregation Team Tuesday, September 15, 2020 1:00 am http://africabankers.net/article/28425/fnb-and-standard-bank-clients-were-also-charged-twice-after-nedbank-glitch FNB and Standard Bank clients were also hit by a glitch at Nedbank. Legal South Africa: Directors owe a duty to their company, not to shareholders, court finds News Aggregation Team Monday, September 14, 2020 1:00 am http://africabankers.net/article/28408/south-africa-directors-owe-a-duty-to-their-company-not-to-shareholders-court-finds The Supreme Court of Appeal in South Africa recently considered the concept of claims for reflective losses in South Africa, focusing on whether shareholders could hold directors liable, in terms of the Companies Act, 71 of 2008, for conduct which resulte Legal Global Private M&A Guide News Aggregation Team Friday, September 11, 2020 1:00 am http://africabankers.net/article/28386/global-private-mampampa-guide A practical tool covering key aspects of the legal and regulatory M&A framework in nearly 40 countries Legal Long-term insurance Ombud upholds Sanlam complaint News Aggregation Team Thursday, September 10, 2020 1:00 am http://africabankers.net/article/28359/long-term-insurance-ombud-upholds-sanlam-complaint In a provisional determination by the Ombudsman, Sanlam was found to only be entitled to obtain one report from each of Mrs D’s treating specialists annually. Legal Over N700 million pension fund siphoned in Bauchi treasury News Aggregation Team Thursday, September 10, 2020 1:00 am http://africabankers.net/article/28366/over-n700-million-pension-fund-siphoned-in-bauchi-treasury Governor Bala Mohammed, while making his remarks said there are about “100 doctors who are not working or may not be in the State but are being paid every month. Surrendering this fight is equal to mortgaging the future of our State.” Legal Allen & Overy advises Nigerian Sovereign Investment Authority on new USD50m fund to tackle Covid-19 News Team Wednesday, September 09, 2020 1:00 am http://africabankers.net/article/28342/allen-ampamp-overy-advises-nigerian-sovereign-investment-authority-on-new-usd50m-fund-to-tackle-covid-19 The funds raised will be used to reduce the impact of Covid-19 Legal Bribery trial for Fishrot accused in 2021 News Aggregation Team Friday, September 04, 2020 1:00 am http://africabankers.net/article/28296/bribery-trial-for-fishrot-accused-in-2021 The charges are based on allegations they tried to bribe an ACC officer in January by offering him N$250 000 in an attempt to get him to hand evidence seized by the ACC – bank cards issued to Hatuikulipi and a co-accused in the Fishrot case, Pius Mw Legal Standard Bank to use Contour letter of credit blockchain News Aggregation Team Wednesday, September 23, 2020 1:00 am http://africabankers.net/article/28536/standard-bank-to-use-contour-letter-of-credit-blockchain Contour was founded by seven banks, Bangkok Bank, BNP Paribas, CTBC Holding, HSBC, ING, SEB, and Standard Chartered. FinTech TrustQuay forges forward signing 4 new technology deals News Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28524/trustquay-forges-forward-signing-4-new-technology-deals The new technology deals signed by TrustQuay are to put in place new administration and accounting platforms FinTech Sujimoto bags the Tech Times’ Africa LinkedIn Corporate Brand Awards 2020, amongst other Giants News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28508/sujimoto-bags-the-tech-timesamprsquo-africa-linkedin-corporate-brand-awards-2020-amongst-other-giants All they had was a dream and a passion to redefine luxury living in Nigeria. FinTech Why Africans are fast using Bitcoin for payment transfers News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28493/why-africans-are-fast-using-bitcoin-for-payment-transfers In recent times, the use of Bitcoins for payment transfers has fast increased in the continent. FinTech OPay and WorldRemit partner to offer International Mobile Money Transfer Service News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28475/opay-and-worldremit-partner-to-offer-international-mobile-money-transfer-service Partnership ensures customers continue to make affordable money transfers to family and friends. FinTech China is pushing its currency into Africa through fintech partnerships News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28477/china-is-pushing-its-currency-into-africa-through-fintech-partnerships These initiatives will ultimately enhance the current payment landscape and in turn, improve the lives of the mass markets in Africa. FinTech How Cryptocurrency-Based Companies Like Patricia are Shaping the Digital Currency Market in Nigeria News Aggregation Team Thursday, September 17, 2020 1:00 am http://africabankers.net/article/28455/how-cryptocurrency-based-companies-like-patricia-are-shaping-the-digital-currency-market-in-nigeria The devaluation of currencies sometimes bolsters a population’s desire for cryptocurrency. FinTech How Covid-19 is catalysing race for e-banking News Aggregation Team Thursday, September 17, 2020 1:00 am http://africabankers.net/article/28459/how-covid-19-is-catalysing-race-for-e-banking Nairobi County registered the highest decrease with the number of physical banking outlets dropping by 11 branches. FinTech Nedbank launches updated Money App Lite News Aggregation Team Wednesday, September 16, 2020 1:00 am http://africabankers.net/article/28442/nedbank-launches-updated-money-app-lite The Nedbank Money App Lite is a progressive web app, which means it never has to be updated. FinTech Amana Bank turns to Path Solutions for legacy IT replacement News Team Wednesday, September 16, 2020 1:00 am http://africabankers.net/article/28445/amana-bank-turns-to-path-solutions-for-legacy-it-replacement The new digital software will provide instant 24/7 service availability with fast, inexpensive, easy and convenient online banking, frictionless payments and transfers, personalization, engagement and retention. FinTech Jaiz Bank Wins Award News Aggregation Team Wednesday, September 23, 2020 1:00 am http://africabankers.net/article/28543/jaiz-bank-wins-award A statement from Jaiz Bank stated that the GIFA methodology – on which the awards are based and winners selected – is the most detailed approach to screen only the best of the best in their respective award categories. Retail Banking Access Bank, FBNH, others gross N1.6tr revenue in H1 2020 News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28504/access-bank-fbnh-others-gross-n16tr-revenue-in-h1-2020 Despite the harsh effects of the coronavirus (COVID-19) pandemic that trimmed physical banking activities for over three months, some banks quoted on the Nigerian Stock Exchange (NSE) earned a total of N1.6 trillion in the first half of 2020 financial yea Retail Banking Ghana: CBG MD Honoured at Ghana Development Awards News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28472/ghana-cbg-md-honoured-at-ghana-development-awards He has served in several roles in Standard Chartered Bank, United Bank for Africa (UBA) and First Atlantic Bank Limited. Retail Banking Africa: First Bank's CEO Bags Forbes' Best of Africa Award News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28474/africa-first-bankamp039s-ceo-bags-forbesamp039-best-of-africa-award Forbes had stated: "Adesola Adeduntan believes strongly in the importance of doing well by doing good. In March 2020 he spoke at the Edinburgh School of Business about financial institutions' role as drivers of financial inclusion. Retail Banking South Africa Banks Gather Their Defenses to Ride Out Virus Storm News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28478/south-africa-banks-gather-their-defenses-to-ride-out-virus-storm A report by PwC, covering results at Standard Bank Group Ltd., FirstRand Ltd., Absa Group Ltd. and Nedbank Group Ltd., estimates their charges soared by a combined 130% in the first half of 2020 from a year earlier, while profits before provisions grew 4. Retail Banking Jaiz Bank: First shared-profit bank in Nigeria approaches 10 years News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28479/jaiz-bank-first-shared-profit-bank-in-nigeria-approaches-10-years Nigeria’s first non-interest bank has moved from being a regional bank to a national bank. Retail Banking Ghana Adopts Contact-less Payment Solutions With QR System News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28481/ghana-adopts-contact-less-payment-solutions-with-qr-system At present six banks in Ghana have initiated services to allow the public pay for goods and services through the Universal GH QR code. Retail Banking KCB unveils contactless card payment campaign News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28483/kcb-unveils-contactless-card-payment-campaign The bank encourages a cashless system as Covid-19 remains a global problem Retail Banking Nigerian banks adopt new business models amid pressured earnings News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28484/nigerian-banks-adopt-new-business-models-amid-pressured-earnings Against the difficult operating environment, the challenge for Nigerian banks today is how to deliver sustainable earnings growth. Retail Banking Survival strategies pushing banks in Nigeria away from lending News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28485/survival-strategies-pushing-banks-in-nigeria-away-from-lending Nigeria’s biggest lender by market value said last week it will transition to a holding company next year to allow d Retail Banking Here are 10 investment banks in Ghana News Aggregation Team Wednesday, September 16, 2020 1:00 am http://africabankers.net/article/28434/here-are-10-investment-banks-in-ghana Investment has become a very important aspect of life and everyone, both young and old, is learning to embrace it. Investment Banking Nedbank wins Deal of the Year for its green renewable energy bond News Aggregation Team Friday, September 11, 2020 1:00 am http://africabankers.net/article/28382/nedbank-wins-deal-of-the-year-for-its-green-renewable-energy-bond The Nedbank Green Bond was listed on the green segment of the JSE in April last year and marked the first issuance of this type of sustainable fundraising instrument in the local market by a South African bank. Investment Banking StanChart earnings decline 31pc on corona defaults News Aggregation Team Wednesday, August 26, 2020 1:00 am http://africabankers.net/article/28174/stanchart-earnings-decline-31pc-on-corona-defaults Kenya confirmed its first case of coronavirus on March 12, setting off a series of public health measures that have hurt workers’ and companies’ earnings. Investment Banking Absa earnings plunge on impairments as consumers battle to pay debt News Aggregation Team Wednesday, August 26, 2020 1:00 am http://africabankers.net/article/28176/absa-earnings-plunge-on-impairments-as-consumers-battle-to-pay-debt The group did not declare an interim dividend, following an earlier advice from the SA Reserve Bank that encouraged banks to ensure that capital conservation took priority over any distributions of dividends on ordinary shares. Investment Banking Access Bank increases tier-2 loan facility News Aggregation Team Tuesday, August 18, 2020 1:00 am http://africabankers.net/article/28058/access-bank-increases-tier-2-loan-facility Access Bank PLC has announced the signing of a Subordinated Syndicated Loan Agreement totalling $93.8 million with the Dutch development bank (FMO), the French private sector development bank (Proparco) and leading investment firm, Symbiotics. Investment Banking Stanbic Bank Kenya Named The Best Investment Bank News Aggregation Team Wednesday, July 29, 2020 1:00 am http://africabankers.net/article/27808/stanbic-bank-kenya-named-the-best-investment-bank The award further reaffirms the bank’s leading position in structuring relevant and innovative financial deals for its Corporate & Investment banking customers. Investment Banking Experts seek local solutions to Africa’s economic challenges. News Aggregation Team Monday, July 13, 2020 1:00 am http://africabankers.net/article/27589/experts-seek-local-solutions-to-africaamprsquos-economic-challenges ‘Fostering innovative cross-border financing solutions in Africa. Investment Banking RMH shares drop as FirstRand unbundles News Aggregation Team Friday, June 26, 2020 1:00 am http://africabankers.net/article/27388/rmh-shares-drop-as-firstrand-unbundles The end of an era led to a decline in RMH’s share price to R2.06 a share in the afternoon, down from Tuesday’s closing price of R51.04. Investment Banking African Alliance sets stage to quit stockbrokerage News Aggregation Team Friday, June 19, 2020 1:00 am http://africabankers.net/article/27295/african-alliance-sets-stage-to-quit-stockbrokerage The Nairobi Securities Exchange (NSE) 20 share index has for example fallen to levels last seen in 2003. Investment Banking Société Générale Chad and UBA Gabon join the list of Cameroon’s primary dealers on the BEAC securities market News Aggregation Team Tuesday, June 02, 2020 1:00 am http://africabankers.net/article/27070/sociampeacutetampeacute-gampeacutenampeacuterale-chad-and-uba-gabon-join-the-list-of-cameroonamprsquos-primary-dealers-on-the-beac-securities-market Cameroon is reaffirming its ambitions on this market Investment Banking Africa Risk-Reward Index 2020: Reshaping Realities News Aggregation Team Wednesday, September 23, 2020 1:00 am http://africabankers.net/article/28534/africa-risk-reward-index-2020-reshaping-realities This will bring new opportunities for investors in a range of sectors, but also a host of new risks. Alternative Investments South Africa set for wave of equity fundraising as banks shun risk News Aggregation Team Wednesday, September 23, 2020 1:00 am http://africabankers.net/article/28539/south-africa-set-for-wave-of-equity-fundraising-as-banks-shun-risk JSE among the best performing stock markets globally Alternative Investments Sanwo-Olu advocates increased banking sector investments in cities, states News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28526/sanwo-olu-advocates-increased-banking-sector-investments-in-cities-states ...As CIBN seeks new roles for lenders on sustainable future Alternative Investments CBN Moves Against 55 Companies, Individuals for Forex Infractions News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28506/cbn-moves-against-55-companies-individuals-for-forex-infractions CBN Commences Investigation into FX Activities of 55 Companies, Individuals Alternative Investments Negative interest rates like 'shooting your own toes off' News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28514/negative-interest-rates-like-amp039shooting-your-own-toes-offamp039 Mr Iggo said: “Sending messages about future policy reactions is enough while keeping actual operational changes in reserve.” Alternative Investments FBNInsurance, Sanlam to work with brokers News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28515/fbninsurance-sanlam-to-work-with-brokers The group disclosed this in a statement entitled ‘FBNInsurance-Sanlam holds brokers’ forum, pledges quality service delivery.” Alternative Investments Islamic Finance In The Global Digital Economy News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28486/islamic-finance-in-the-global-digital-economy Islamic finance can be seen as a unique form of socially responsible investment. Alternative Investments Banks agree $545 million for Congo Republic economy News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28495/banks-agree-545-million-for-congo-republic-economy The details of the funding were not yet clear, including when and how it would be disbursed. Alternative Investments Osinbajo, Sanwo-Olu commission fashion hub in Lagos News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28496/osinbajo-sanwo-olu-commission-fashion-hub-in-lagos Osinbajo also charged other state governments and the Organised Private Sector to emulate initiatives that would engender the development of MSME across the country. Alternative Investments Whither Nigeria’s Debt? News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28497/whither-nigeriaamprsquos-debt According to the figures released by the Debt Management Office (DMO) on the nation’s debt stock as at second quarter of 2020, debt increased by N2.38 trillion over a three months period. Alternative Investments 3 types of corruption that have found their way into everyday life in South Africa News Aggregation Team Wednesday, September 23, 2020 1:00 am http://africabankers.net/article/28538/3-types-of-corruption-that-have-found-their-way-into-everyday-life-in-south-africa Speaking on the general level of corruption and its impact in the country, the group equated it to ‘World War 3’. Comment, Analysis & Research Banks Focused on Creating Conducive Platforms for Customers News Aggregation Team Wednesday, September 23, 2020 1:00 am http://africabankers.net/article/28541/banks-focused-on-creating-conducive-platforms-for-customers You would recall that the restrictions meant banks had to prioritise branch openings, but we still needed to serve customers Comment, Analysis & Research How Japan is helping ease Kenya’s healthcare burden News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28521/how-japan-is-helping-ease-kenyaamprsquos-healthcare-burden So long before the current global public health crisis, Japan and Kenya have been collaborating for over 40 years to create and develop Kemri Comment, Analysis & Research Kenya headed to a public debt crisis News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28523/kenya-headed-to-a-public-debt-crisis For a period of time now, many of us have raised concern about the terms and structure of Kenya's debt portfolio, but we have been dismissed by the Treasury as being alarmist for no reason. Comment, Analysis & Research Gipf Says Pension Money Is Safe News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28527/gipf-says-pension-money-is-safe Namfisa said the law prohibits them from going into detail beyond announcing the deregistration of an entity. Comment, Analysis & Research Joining the quest for a just and impact-led recovery News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28529/joining-the-quest-for-a-just-and-impact-led-recovery While the world has been irreparably changed by Covid-19, our beliefs and values as a business stay the same. Comment, Analysis & Research 72% of South African women are living in 'survival mode' News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28531/72-of-south-african-women-are-living-in-amp039survival-modeamp039 The survey was conducted by Sanlam and had a sample size of over 2 000 women across South Africa Comment, Analysis & Research Ethiopia Begins Circulation of New Currency News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28532/ethiopia-begins-circulation-of-new-currency Banks had urged the government to demonetize, citing money circulating outside the banking system has worsened the liquidity problems banks are facing. Comment, Analysis & Research Kaspersky finds risky password trends in South Africa News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28533/kaspersky-finds-risky-password-trends-in-south-africa South African users are also using unreliable and unsafe methods to store or remember passwords. Comment, Analysis & Research African countries ‘ready to open our doors again to the world’ News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28502/african-countries-amplsquoready-to-open-our-doors-again-to-the-worldamprsquo Falling infection rates spur nations to ease curbs on lockdown-battered economies Comment, Analysis & Research Treasury raises debt target by Sh29.7bn on tax shortfall News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28522/treasury-raises-debt-target-by-sh297bn-on-tax-shortfall This will raise the budget deficit, largely bridged through borrowing, to 8.4 per cent from 7.5 per cent he had budgeted in June, according to the draft 2020 Budget Review and Outlook Paper. Tax Ghana government urged to cut down on tax incentives to individuals, companies News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28488/ghana-government-urged-to-cut-down-on-tax-incentives-to-individuals-companies Mr Anaba urged the government to embark on progressive reforms that tax large incomes, assets, and wealth more, introduce a digital services tax, and end bilateral tax treaties, which do not enure to the country’s benefit. Tax KRA recovers Sh330m in tax from county suppliers News Aggregation Team Tuesday, September 15, 2020 1:00 am http://africabankers.net/article/28419/kra-recovers-sh330m-in-tax-from-county-suppliers “We are confident that additional taxes shall be recovered from these suppliers.” Tax Audit reveals Sh9.6bn sunk into stalled State projects News Aggregation Team Tuesday, September 15, 2020 1:00 am http://africabankers.net/article/28420/audit-reveals-sh96bn-sunk-into-stalled-state-projects The audit tabled in Parliament last Tuesday indicates that the Judiciary spent Sh1.6 billion on “uncertified completion of works.” Tax Expats who deregister to avoid tax will pay more in the end News Aggregation Team Friday, September 11, 2020 1:00 am http://africabankers.net/article/28391/expats-who-deregister-to-avoid-tax-will-pay-more-in-the-end Previously, these expatriates where able to fully exempt their foreign income earnings from taxation, provided they met the requirements. Tax Raising taxes now bad for both KRA and taxpayers News Aggregation Team Wednesday, September 09, 2020 1:00 am http://africabankers.net/article/28339/raising-taxes-now-bad-for-both-kra-and-taxpayers The financial and economic crisis we are witnessing presently comes with major challenges in tax administration. Tax KRA loses track of Sh896bn in wired offshore wealth News Aggregation Team Tuesday, September 08, 2020 1:00 am http://africabankers.net/article/28323/kra-loses-track-of-sh896bn-in-wired-offshore-wealth The amount of money remitted through the amnesty was Sh118 billion and the amnesty had no tax consequences. Tax South Africa’s tax policies viewed through the prism of Covid-19 News Aggregation Team Friday, September 04, 2020 1:00 am http://africabankers.net/article/28288/south-africaamprsquos-tax-policies-viewed-through-the-prism-of-covid-19 Is the country keeping abreast of reforms as it grapples with the economic fallout of the pandemic? Tax KRA freezes tycoon’s Sh9bn pipeline pay over tax row News Aggregation Team Thursday, September 03, 2020 1:00 am http://africabankers.net/article/28268/kra-freezes-tycoonamprsquos-sh9bn-pipeline-pay-over-tax-row The taxman has hinged its aggressive action on the Tax Procedures Act, gives KRA powers to freeze tax cheats’ property transactions and ultimately auction the assets to recover the unpaid tax. Tax Swiss company accused of tax dodging in Zimbabwe News Aggregation Team Thursday, September 03, 2020 1:00 am http://africabankers.net/article/28274/swiss-company-accused-of-tax-dodging-in-zimbabwe There is some evidence that developing countries are harder hit by multinationals’ ability to shift profits” and have less capacity to enforce tax rules. Tax South African regulator signs deal with firm to refund investors News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28520/south-african-regulator-signs-deal-with-firm-to-refund-investors Several months after watchdog provisionally suspended its financial services provider licence Regulation,Tax & Compliance What you should know about taking large sums of money out of South Africa News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28499/what-you-should-know-about-taking-large-sums-of-money-out-of-south-africa Powell has published a new guide for South Africans looking to take their money out of the country and the regulations that they should be aware of before doing so. Regulation,Tax & Compliance Another win for FirstBank’s CEO, Adesola Adeduntan as He clinches the Forbes Best of Africa Award News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28503/another-win-for-firstbankamprsquos-ceo-adesola-adeduntan-as-he-clinches-the-forbes-best-of-africa-award The opening remark was presented by Olayinka Fayomi, Chairman, Foreign Investment Network (FIN). Regulation,Tax & Compliance New York court grants IDC access to Gupta financial records from 17 international banks News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28505/new-york-court-grants-idc-access-to-gupta-financial-records-from-17-international-banks In August, a Manhattan judge granted a secret court order giving the Industrial Development Corporation (IDC) access to Gupta financial records held at more than a dozen New York banks. Regulation,Tax & Compliance State firm caps cheap mortgage at Sh4 million News Aggregation Team Monday, September 21, 2020 1:00 am http://africabankers.net/article/28512/state-firm-caps-cheap-mortgage-at-sh4-million The CBK on Friday licensed the country’s first mortgage refinance firm, paving the way for commercial banks to access long-term finance for home loans. Regulation,Tax & Compliance Surge in South Africans weighing up options to leave the country News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28487/surge-in-south-africans-weighing-up-options-to-leave-the-country Montenegro enquiries increased by 25% in Q3 compared to Q1, and St. Lucia enquiries increased by 46% in the same period, it said. Regulation,Tax & Compliance CBN grants Greenwich Trust Limited operational license for merchant banking News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28491/cbn-grants-greenwich-trust-limited-operational-license-for-merchant-banking CBN has upscaled Greenwich Trust Limited to the status of a merchant bank. Regulation,Tax & Compliance Banks In Nigeria Are Intensifying Financial Madness In Kenya News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28471/banks-in-nigeria-are-intensifying-financial-madness-in-kenya In order to raise its income and make a step in enlarging its borders, Nigeria made a few deals with Kenyan banks. Regulation,Tax & Compliance AlBaraka Bank streamlines SARB reporting News Aggregation Team Thursday, September 17, 2020 1:00 am http://africabankers.net/article/28453/albaraka-bank-streamlines-sarb-reporting When AlBaraka began updating its core banking platform it needed to ensure that the new system integrated with the SARB and complied with local legislation. Regulation,Tax & Compliance Customers of defunct financial companies have started receiving their funds News Aggregation Team Thursday, September 17, 2020 1:00 am http://africabankers.net/article/28456/customers-of-defunct-financial-companies-have-started-receiving-their-funds On May 31, 2019, 347 microfinance companies had their license revoked by the Bank of Ghana as part of the financial sector cleanup. Regulation,Tax & Compliance World Bank targets green, resilient economic growth in Africa News Aggregation Team Friday, September 18, 2020 1:00 am http://africabankers.net/article/28476/world-bank-targets-green-resilient-economic-growth-in-africa 43m people in SSA could be pushed below the poverty line by 2030 ESG World Bank unveils Next Generation Africa Climate Business Plan News Aggregation Team Thursday, September 17, 2020 1:00 am http://africabankers.net/article/28452/world-bank-unveils-next-generation-africa-climate-business-plan The World Bank has unveiled the Next Generation Africa Climate Business Plan (NG-ACBP), a detailed roadmap aimed at helping countries in Sub Saharan Africa to address climate change and poverty. ESG Global Philanthropy Forum panelists call for ‘smarter’ collaboration among funders to meet ambitious targets for a climate-resilient Africa News Team Wednesday, September 16, 2020 1:00 am http://africabankers.net/article/28447/global-philanthropy-forum-panelists-call-for-amplsquosmarteramprsquo-collaboration-among-funders-to-meet-ambitious-targets-for-a-climate-resilient-africa Participants highlighted the critical role of innovative approaches to mobilizing climate adaptation finance in Africa ESG UBS makes sustainable investments the preferred solution for clients of its USD 2.6 trillion global wealth management business News Team Tuesday, September 15, 2020 1:00 am http://africabankers.net/article/28424/ubs-makes-sustainable-investments-the-preferred-solution-for-clients-of-its-usd-26-trillion-global-wealth-management-business UBS is the first major global financial institution to recommend sustainable over traditional solutions for private clients investing globally ESG Mauritius must position itself as a sustainable finance hub for Africa News Aggregation Team Sunday, September 13, 2020 1:00 am http://africabankers.net/article/28398/mauritius-must-position-itself-as-a-sustainable-finance-hub-for-africa Rajnish Aubeeluck, Head of Global Banking, Standard Chartered Bank (Mauritius) explains how, through signing a partnership with the Government of Mauritius, Standard Chartered Bank will be developing a sustainable finance framework to help mobilise projec ESG South Africa's Green Building Ethos In A Post-Pandemic World News Aggregation Team Monday, August 31, 2020 1:00 am http://africabankers.net/article/28224/south-africaamp039s-green-building-ethos-in-a-post-pandemic-world Covid-19 has applied additional pressure on the need to focus on healthier buildings and sustainability ESG Ghana Announces €35m Green Loan Backed By UK Export Finance News Aggregation Team Sunday, August 30, 2020 1:00 am http://africabankers.net/article/28218/ghana-announces-ampeuro35m-green-loan-backed-by-uk-export-finance The framework of this initiative has been drawn from the Paris Agreement and SDG 13, which demands urgent action to combat climate change and its impact. ESG Old Mutual Infrastructure Fund Urges S. Africa to Focus on Power News Aggregation Team Friday, August 28, 2020 1:00 am http://africabankers.net/article/28199/old-mutual-infrastructure-fund-urges-s-africa-to-focus-on-power A further barrier comes in the way infrastructure projects have mostly been funded in South Africa, with banks providing almost all the money through project finance. ESG Africa: AfDB scaling up climate financing News Aggregation Team Tuesday, August 11, 2020 1:00 am http://africabankers.net/article/27971/africa-afdb-scaling-up-climate-financing This climate financing represents 35% of the total 2019 approvals of projects worth US$ 10.2 billion, representing an increase of 0.3% over 2018 and 26% over 2016. ESG Investing in a future that matters is more relevant than ever before News Aggregation Team Tuesday, August 11, 2020 1:00 am http://africabankers.net/article/27974/investing-in-a-future-that-matters-is-more-relevant-than-ever-before A fundamental principle of Responsible Investing (RI) fostered at Old Mutual Investment Group (OMIG), as it considers the impact of unpriced externalities. ESG African Development Bank COVID-19 response grant is saving lives in South Sudan News Team Wednesday, September 23, 2020 1:00 am http://africabankers.net/article/28545/african-development-bank-covid-19-response-grant-is-saving-lives-in-south-sudan Through the AfDB-Government of South Sudan project, 376 healthcare workers have been trained in COVID-19 case management; surveillance is being scaled up and coordination strengthened at the sub-national level. Covid-19 Uganda's public debt surges in coronavirus crisis, central bank says News Aggregation Team Wednesday, September 23, 2020 1:00 am http://africabankers.net/article/28544/ugandaamp039s-public-debt-surges-in-coronavirus-crisis-central-bank-says The report attributed the 20.5% rise in debt from June 2019 to new borrowing for "countering the economic distress brought about by the COVID-19 pandemic." Covid-19 Coronavirus accelerates Nigeria's digital banking push News Aggregation Team Tuesday, September 22, 2020 1:00 am http://africabankers.net/article/28525/coronavirus-accelerates-nigeriaamp039s-digital-banking-push A new breed of digital banks, without physical branches, say they have had a boost due to the pandemic. Covid-19 South African companies battling pandemic and recession News Aggregation Team Sunday, September 20, 2020 1:00 am http://africabankers.net/article/28492/south-african-companies-battling-pandemic-and-recession South African retailers can be roughly split between those that were allowed to trade during the country’s strictest lockdown phase and those that weren’t. Covid-19 Africa: Covid-19 Crisis Amplifies the Urgency for Economic Diversification in Africa News Aggregation Team Sunday, September 13, 2020 1:00 am http://africabankers.net/article/28393/africa-covid-19-crisis-amplifies-the-urgency-for-economic-diversification-in-africa Mr. Devarajan’s theory explains why the resource curse has been pervasive in African economies. Covid-19 Coronavirus-Ignited Gold Rush Helps South Africa’s Tarnished Mines to Shine News Aggregation Team Sunday, September 13, 2020 1:00 am http://africabankers.net/article/28396/coronavirus-ignited-gold-rush-helps-south-africaamprsquos-tarnished-mines-to-shine Global economic turmoil and weak local currency combine to slow—for now—the long decline of country’s storied gold-mining sector Covid-19 Regional Integration as a Tool for Wealth Creation in Africa (By Khaled Sherif) News Team Friday, August 21, 2020 1:00 am http://africabankers.net/article/28124/regional-integration-as-a-tool-for-wealth-creation-in-africa-by-khaled-sherif There is a need to focus on fundamentals: producing more of what Africa consumes, and consuming more of what Africa produces Covid-19 Lockdown easing, but the economic crisis has only begun, warns Financial and Fiscal Commission News Aggregation Team Tuesday, August 18, 2020 1:00 am http://africabankers.net/article/28059/lockdown-easing-but-the-economic-crisis-has-only-begun-warns-financial-and-fiscal-commission "Covid-19 and the subsequent lockdown have worsened an already precaious socio-economic situation," Covid-19 Pandemic threatens African economic success News Aggregation Team Monday, August 10, 2020 1:00 am http://africabankers.net/article/27960/pandemic-threatens-african-economic-success Fall in commodity prices benefits advanced economies Covid-19 Emerging challenges in corporate governance in post COVID-19 Nigeria News Aggregation Team Monday, July 27, 2020 1:00 am http://africabankers.net/article/27775/emerging-challenges-in-corporate-governance-in-post-covid-19-nigeria Corporate governance refers to the system through which organisations are directed and controlled. Covid-19