Managers of Wealth - Africa http://africabankers.net/ Mon, 27 Jan 2020 23:21:00 GMT part of MediaG8way Group http://africabankers.net/ http://africabankers.net/assets/images/logo.png Managers of Wealth - Africa KohanaPHP True winners and false losers in the Forbes 2020 billionaire rankings News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25719/true-winners-and-false-losers-in-the-forbes-2020-billionaire-rankings The Nigerian tycoon, on the verge of multiplying his income fivefold by 2021, saw his wealth blunted by the drop in shares in Dangote Cement. Wealth and Asset Management Johannesburg ranks among world’s most expensive cities for luxuries: wealth report News Aggregation Team Friday, January 17, 2020 12:00 am http://africabankers.net/article/25654/johannesburg-ranks-among-worldamprsquos-most-expensive-cities-for-luxuries-wealth-report New York ranked as priciest place to lay on a 400-person wedding banquet or hire a personal trainer, while London took top spot for the laser eye surgery that clears blurry vision. Wealth and Asset Management Julius Baer launches inaugural Global Wealth and Lifestyle Report 2020 News Team Thursday, January 16, 2020 12:00 am http://africabankers.net/article/25628/julius-baer-launches-inaugural-global-wealth-and-lifestyle-report-2020 The inaugural edition of Julius Baer’s Global Wealth and Lifestyle Report showcases the trends in high-end consumption around the world, which are of relevance to our clients. Wealth and Asset Management Johann Rupert: The wealth of SA’s richest man vs the rest of Africa News Aggregation Team Friday, January 03, 2020 12:00 am http://africabankers.net/article/25483/johann-rupert-the-wealth-of-saamprsquos-richest-man-vs-the-rest-of-africa Johann Rupert may be the richest man in Mzansi, but he doesn't take Africa's top spot. Here's how his huge wealth compares to his continental competitors. Wealth and Asset Management Atlas Mara Deal With Kenya’s Equity Group Holdings Expires News Aggregation Team Thursday, January 02, 2020 12:00 am http://africabankers.net/article/25478/atlas-mara-deal-with-kenyaamprsquos-equity-group-holdings-expires The preliminary agreement signed in April, which would’ve given Atlas Mara a 6.3% stake in Equity Group in exchange for the units, expired, it said. Wealth and Asset Management Old Mutual Feud With Fired CEO Risks Thwarting Growth Ambitions News Aggregation Team Tuesday, December 17, 2019 12:00 am http://africabankers.net/article/25343/old-mutual-feud-with-fired-ceo-risks-thwarting-growth-ambitions Old Mutual is struggling to grow sales and operating earnings amid tepid capital markets, a moribund South African economy and the worst Zimbabwe crisis in 10 years. Wealth and Asset Management World's Best Private Banks 2020: The Tough Get Going News Aggregation Team Tuesday, December 10, 2019 12:00 am http://africabankers.net/article/25240/worldamp039s-best-private-banks-2020-the-tough-get-going While rising ranks of wealthy individuals support growth in private banking, these are challenging times for the industry. Wealth and Asset Management StanChart auctions luxury Mombasa apartments News Aggregation Team Monday, December 09, 2019 12:00 am http://africabankers.net/article/25234/stanchart-auctions-luxury-mombasa-apartments The apartments are located on Shanzu beach, about 30 minutes’ drive from Moi International Airport and 20 minutes from the city centre. Wealth and Asset Management South Africa managers pick up on Guernsey investment solutions News Team Sunday, December 08, 2019 12:00 am http://africabankers.net/article/25219/south-africa-managers-pick-up-on-guernsey-investment-solutions SA managers will be aware of the European UCITS funds, but Guernsey’s message is to look beyond the obvious. Wealth and Asset Management Banks must prepare to serve the growing number of billionaires in Africa News Aggregation Team Friday, November 29, 2019 12:00 am http://africabankers.net/article/25109/banks-must-prepare-to-serve-the-growing-number-of-billionaires-in-africa The number of millionaires and billionaires in Africa continues to rise. Wealth and Asset Management Broadridge Brings Together Wealth Business News Team Monday, January 27, 2020 12:00 am http://africabankers.net/article/25753/broadridge-brings-together-wealth-business Since joining Broadridge in 2006, Mr. Alexander has taken on roles of increasing responsibility in both technology platforms and managed services. Executive Moves Kiir names former senior official at central bank as new governor News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25733/kiir-names-former-senior-official-at-central-bank-as-new-governor The IMF forecasts South Sudan’s GDP will expand at 8.1 per cent in 2019/20 fiscal year Executive Moves Former Goldman Sachs exec joins Foschini Group board News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25709/former-goldman-sachs-exec-joins-foschini-group-board He was named one of the World Economic Forum's "Global Leaders for Tomorrow" and has received a number of accolades including Harvard Business School's 'Business Statesman Award'. Executive Moves Africa deals veteran joins transatlantic law firm as partner in Edinburgh News Aggregation Team Friday, January 17, 2020 12:00 am http://africabankers.net/article/25660/africa-deals-veteran-joins-transatlantic-law-firm-as-partner-in-edinburgh Scott Nelson switches to Rooney Nimmo from US firm Baker McKenzie's Johannesburg office Executive Moves South Africa's Telkom could cut 3,000 jobs -letter to unions News Aggregation Team Thursday, January 16, 2020 12:00 am http://africabankers.net/article/25636/south-africaamp039s-telkom-could-cut-3000-jobs-letter-to-unions The telecom provider said it will consider voluntary severance and early retirement packages for employees affected by phase one of the job cut Executive Moves First National Bank Ghana appoints Kofi Pianim as Head of Global Markets News Aggregation Team Thursday, January 16, 2020 12:00 am http://africabankers.net/article/25637/first-national-bank-ghana-appoints-kofi-pianim-as-head-of-global-markets Until his appointment to this new role, Mr.Pianimwas the Head of Trading for Stanbic Bank Ghana Limited in their Global Markets department. Executive Moves Nedbank CIB Chief Kennedy Seeks New Role as Retirement Looms News Aggregation Team Wednesday, January 15, 2020 12:00 am http://africabankers.net/article/25609/nedbank-cib-chief-kennedy-seeks-new-role-as-retirement-looms This could include “trying to make a contribution to a state-owned enterprise that needs some leadership.” Executive Moves Rockefeller Foundation appoints new head of Africa operations News Aggregation Team Monday, January 13, 2020 12:00 am http://africabankers.net/article/25577/rockefeller-foundation-appoints-new-head-of-africa-operations Prior to his appointment, Asiko worked as the executive director of Grow Africa, a convener that works to accelerate private sector investment into African agriculture. Executive Moves Samuel Kimeu takes over reigns at Africa's Voices News Team Monday, January 13, 2020 12:00 am http://africabankers.net/article/25591/samuel-kimeu-takes-over-reigns-at-africaamp039s-voices In “8 Things Wealthy People Do Differently”, financial journalist Chelsea Fagan found that wealthy people see their time as valuable Executive Moves CalBank names Philip Owiredu as CEO News Aggregation Team Friday, January 10, 2020 12:00 am http://africabankers.net/article/25561/calbank-names-philip-owiredu-as-ceo Philip has played a key leadership role in driving the expansion of the Bank’s business footprint over the past ten years and has been an instrumental player in the Bank’s growth. Executive Moves Angola may seek arrest warrant for dos Santos News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25731/angola-may-seek-arrest-warrant-for-dos-santos Failing that, his office would resort to legal instruments at its disposal, one being an international warrant. Legal 5 reasons why Luanda Leaks is bigger than Angola News Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25699/5-reasons-why-luanda-leaks-is-bigger-than-angola ICIJ uncovered a web of more than 400 companies and subsidiaries in 41 countries linked to Isabel dos Santos or her husband, Sindika Dokolo, including 94 in offshore havens like Malta, Mauritius and Hong Kong. Legal PwC to Probe Charges It Helped Former Sonangol Chair Hide Money News Aggregation Team Tuesday, January 21, 2020 12:00 am http://africabankers.net/article/25692/pwc-to-probe-charges-it-helped-former-sonangol-chair-hide-money Firm was one of several named in investigative report Legal Zimbabwe: Super Rich Ex-Zimra Employee Challenges Wealth Seizure News Aggregation Team Monday, January 20, 2020 12:00 am http://africabankers.net/article/25664/zimbabwe-super-rich-ex-zimra-employee-challenges-wealth-seizure He has since an urgent chamber challenge seeking dismissal of Hodzi's application for seizure of his wealth Legal GHANA: SEC to punish 12 fund managers News Aggregation Team Monday, January 20, 2020 12:00 am http://africabankers.net/article/25674/ghana-sec-to-punish-12-fund-managers They are CDH Balanced Fund Limited, Sirius Opportunity Fund Limited, First Fund Limited, Heritage Fund Limited, Galaxy Balanced Fund Limited and Ideal Sika Fund Limited. Legal Old Mutual vs. Moyo: Understanding the parties' rights and obligations News Aggregation Team Friday, January 17, 2020 12:00 am http://africabankers.net/article/25658/old-mutual-vs-moyo-understanding-the-partiesamp039-rights-and-obligations The High Court correctly held that the contractual entitlement to terminate on six months' notice was unconditional Legal Those responsible for banking crisis will soon face the law- President News Aggregation Team Thursday, January 16, 2020 12:00 am http://africabankers.net/article/25635/those-responsible-for-banking-crisis-will-soon-face-the-law-president President Akufo-Addo said in as much as the action to close down the malfunctioning banks and micro finance institutions was painful, it was a move that inured to the benefit of the depositors of those institutions. Legal Former Belgian investment banker hauls RMB to court over failed property deal News Aggregation Team Thursday, January 16, 2020 12:00 am http://africabankers.net/article/25640/former-belgian-investment-banker-hauls-rmb-to-court-over-failed-property-deal What makes the case bizarre is that Arijs and his partners say they have spent close to R9 million in legal fees fighting the case over the years – and they’re not giving up, despite Arijs’s sequestration. Legal Ghana Charges CEOs Over Banking Crisis That Cost $2.2 Billion News Aggregation Team Wednesday, January 15, 2020 12:00 am http://africabankers.net/article/25621/ghana-charges-ceos-over-banking-crisis-that-cost-22-billion The scale of Ghana’s banking crisis came to the fore when the central bank started an industry cleanup in August 2017 to remedy years of poor governance and weak regulatory oversight. Legal Old Mutual’s axed CEO Peter Moyo to know fate today News Aggregation Team Tuesday, January 14, 2020 12:00 am http://africabankers.net/article/25597/old-mutualamprsquos-axed-ceo-peter-moyo-to-know-fate-today Moyo says he was fired following a fallout with board chair Legal Net1 to sell KSNET for $237 million News Team Monday, January 27, 2020 12:00 am http://africabankers.net/article/25754/net1-to-sell-ksnet-for-237-million Transaction allows Net1 to further focus on its core fintech strategy serving underbanked customers in emerging and developed economies FinTech Is South Africa bracing for a fintech revolution? News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25732/is-south-africa-bracing-for-a-fintech-revolution Lack of financial literacy could pose a problem for the development of the sector FinTech ABSA’s Peter Matlare on #WEF20, blockchain, challenger banks and the Davos ‘watering hole’ News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25734/absaamprsquos-peter-matlare-on-wef20-blockchain-challenger-banks-and-the-davos-amplsquowatering-holeamprsquo The analogy I’ve been using over the last couple of days is I really find this very similar to a watering hole. FinTech €60m Janngo Capital Startup Fund to back African tech startups tackling UN SDG goals News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25735/ampeuro60m-janngo-capital-startup-fund-to-back-african-tech-startups-tackling-un-sdg-goals Fatoumata Ba, who is the founder and executive chair of Janngo, said investments will range between €50 000 and €5-million. FinTech Luno launches automated withdrawals after requests from customers News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25739/luno-launches-automated-withdrawals-after-requests-from-customers Luno launches automated withdrawals after requests from customers FinTech Central Bank of Liberia Launches Technical Assistance Progra News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25742/central-bank-of-liberia-launches-technical-assistance-progra The Kroll team will support the CBL to undertake an open and competitive procurement process for additional banknote printing. FinTech NOBEL Financial Service in More Liberian Banks News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25743/nobel-financial-service-in-more-liberian-banks “We are glad to be form part of this innovative initiative of Nobel Liberia to serve the Liberian people both home and abroad” FinTech West African banks are battling cyberattacks News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25717/west-african-banks-are-battling-cyberattacks More than 85% of financial institutions of Central African countries reported being victims of more than one cyber attack resulting in damage. FinTech Blockchain enabling safe drugs and banking in Africa News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25718/blockchain-enabling-safe-drugs-and-banking-in-africa Blockchain, the transaction-verifying technology usually associated with digital currencies such as Bitcoin and Ethereum, works by cross checking each transaction against a series of records to ensure they all agree. FinTech SA, Egyptian fintech startups selected for Startupbootcamp accelerator in Dubai News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25723/sa-egyptian-fintech-startups-selected-for-startupbootcamp-accelerator-in-dubai The programme began earlier this month and concludes with a demo day in April. FinTech KPMG report: FirstBank leads retail banking space News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25705/kpmg-report-firstbank-leads-retail-banking-space The KPMG Nigeria has for the 13th consecutive year released the Banking Industry Customer Experience Survey Retail Banking Access Bank CEO releases additional N297m shares News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25703/access-bank-ceo-releases-additional-n297m-shares The share price of Access Bank Plc closed at N10 on December 31 Retail Banking Nigeria's lender Access acquires Kenya's Transnational Bank News Aggregation Team Saturday, January 18, 2020 12:00 am http://africabankers.net/article/25663/nigeriaamp039s-lender-access-acquires-kenyaamp039s-transnational-bank "The acquisition is expected to strengthen the resilience of Kenya's banking sector," it said. Retail Banking Nigeria's Access Bank is expanding into the Republic of Cameroon News Aggregation Team Friday, January 17, 2020 12:00 am http://africabankers.net/article/25649/nigeriaamp039s-access-bank-is-expanding-into-the-republic-of-cameroon Access Bank said the proposed expansion is still awaiting both regulatory approvals in Nigeria and Cameroon. Retail Banking Taking retail banking business to the next level News Aggregation Team Thursday, January 16, 2020 12:00 am http://africabankers.net/article/25644/taking-retail-banking-business-to-the-next-level It further stated that the continent’s overall banking market is the second-fastest-growing and second-most profitable of any global region, and a hotbed of innovation. Retail Banking South African consumer confidence remains near two-year low - survey News Aggregation Team Wednesday, January 15, 2020 12:00 am http://africabankers.net/article/25610/south-african-consumer-confidence-remains-near-two-year-low-survey The country's medium-term budget policy has also made consumers conscious. Retail Banking Capitalism for everyone: The Mauritius Commercial Bank Ltd (MCB) join forces with the AFRICA CEO FORUM to rethink the role of Africa’s private sector News Team Wednesday, January 15, 2020 12:00 am http://africabankers.net/article/25614/capitalism-for-everyone-the-mauritius-commercial-bank-ltd-mcb-join-forces-with-the-africa-ceo-forum-to-rethink-the-role-of-africaamprsquos-private-sector For two days, the AFRICA CEO FORUM 2020 will drive public-private dialogue forward by providing a platform where economic leaders and public-sector representatives can discuss key sectoral challenges Retail Banking Despite threats, it’s business as usual for SA banks News Aggregation Team Wednesday, January 15, 2020 12:00 am http://africabankers.net/article/25624/despite-threats-itamprsquos-business-as-usual-for-sa-banks “Nevertheless, the banking industry takes cybersecurity very seriously and has robust risk mitigation strategies in place,” SABRIC states. Retail Banking Lebanon’s Bank Audi Is Said to Receive Interest in Egypt Unit News Aggregation Team Tuesday, January 14, 2020 12:00 am http://africabankers.net/article/25602/lebanonamprsquos-bank-audi-is-said-to-receive-interest-in-egypt-unit Lender may sell the unit as part of restructuring process Retail Banking FirstBank CEO Adeduntan gets global recognition News Aggregation Team Thursday, January 09, 2020 12:00 am http://africabankers.net/article/25547/firstbank-ceo-adeduntan-gets-global-recognition The Award is the School’s highest honour and recognises his significant success within the banking industry and sector while upholding the highest standards in business practice. Retail Banking Zimbabwe: African Development Bank Group approves grant for disaster risk management training News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25741/zimbabwe-african-development-bank-group-approves-grant-for-disaster-risk-management-training In collaboration with the Bank, the African Risk Capacity, a specialized agency of the African Union, will provide in-kind contribution for trainings estimated at around $320,000. Investment Banking The two countries can now fix exchange rates at the beginning of transactions to prevent currency fluctuations. News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25706/the-two-countries-can-now-fix-exchange-rates-at-the-beginning-of-transactions-to-prevent-currency-fluctuations Kenya is currently trading at discounted multiples compared to its historical average despite last year’s market rally. Investment Banking Goldman Sachs opens bank branch in South Africa News Aggregation Team Tuesday, January 21, 2020 12:00 am http://africabankers.net/article/25687/goldman-sachs-opens-bank-branch-in-south-africa It will offer fixed-income products, including foreign exchange and South African government securities, to corporate and institutional investors, and has executed its first transactions with clients. Investment Banking Loita Capital Partners, LBDI Open Investment Banking Unit News Aggregation Team Friday, January 17, 2020 12:00 am http://africabankers.net/article/25661/loita-capital-partners-lbdi-open-investment-banking-unit Loita has also been instrumental in advising on, structuring and placing the US$52 million facilities for the Liberian Bankers Association Investment Banking Standard Investment Bank: One of Kenya’s Foremost Financial Services Firm News Aggregation Team Wednesday, January 15, 2020 12:00 am http://africabankers.net/article/25626/standard-investment-bank-one-of-kenyaamprsquos-foremost-financial-services-firm Interview with Job Kihumba, Executive Director at Standard Investment Bank Investment Banking Best Investment Banks in Ghana: Top 10 News Aggregation Team Friday, December 27, 2019 12:00 am http://africabankers.net/article/25425/best-investment-banks-in-ghana-top-10 This has also given education and commerce a chance to improve in the country. Investment Banking European Investment Bank dangles Shs61 billion for women entrepreneurs News Aggregation Team Friday, December 13, 2019 12:00 am http://africabankers.net/article/25299/european-investment-bank-dangles-shs61-billion-for-women-entrepreneurs UDB loans range from three years to 15 years with the interest rate ranging from 10 per cent to 16 per cent depending on the type of project one is undertaking. Investment Banking African Development Bank President wins African of the Year Award News Aggregation Team Friday, December 06, 2019 12:00 am http://africabankers.net/article/25214/african-development-bank-president-wins-african-of-the-year-award Dr Adesina received the award from the All Africa Business Leaders Awards Investment Banking Saxo Bank 2020 Outrageous Predictions News Team Tuesday, December 03, 2019 12:00 am http://africabankers.net/article/25157/saxo-bank-2020-outrageous-predictions With a popular mandate and strong majority in Parliament, Boris Johnson is in stronger position than ever to come back to the negotiating table in Brussels. Investment Banking Arqaam Shuts South African Office as Brokers Cut Coverage News Aggregation Team Tuesday, December 03, 2019 12:00 am http://africabankers.net/article/25164/arqaam-shuts-south-african-office-as-brokers-cut-coverage Macquarie is busy closing down its cash-equities business Investment Banking African venture capitalists bullish over VC sector ahead of Nigerian Interswitch’s IPO News Aggregation Team Monday, January 27, 2020 12:00 am http://africabankers.net/article/25751/african-venture-capitalists-bullish-over-vc-sector-ahead-of-nigerian-interswitchamprsquos-ipo 2020 is expected to be a good one for tech investments in Africa, says venture capitalists Alternative Investments Africa is resurging, AfDB tells global investors News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25721/africa-is-resurging-afdb-tells-global-investors Lists $108b yearly infrastructure financing gap Alternative Investments Middle East, Turkey and Africa to spend top dollar on innovation, digital transformation News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25722/middle-east-turkey-and-africa-to-spend-top-dollar-on-innovation-digital-transformation Additionally, spending on artificial intelligence will top US$600-million in 2023, doubling from 2018 levels, while IOT spending will reach US$17-billion in 2023, six times the value seen in 2018. Alternative Investments Ghana Delays Mining IPO to Review Royalty Payment Processes News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25729/ghana-delays-mining-ipo-to-review-royalty-payment-processes Ghana picked Bank of America Corp. to lead plans for the dual-listing in London and the local bourse, people familiar with the matter said in November. Alternative Investments Africa-Europe Alliance: Four new financial guarantees worth €216 million signed under the EU External Investment Plan News Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25730/africa-europe-alliance-four-new-financial-guarantees-worth-ampeuro216-million-signed-under-the-eu-external-investment-plan This article is brought to you in association with the European Commission. Alternative Investments Janngo: accelerating sustainable development in Africa News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25701/janngo-accelerating-sustainable-development-in-africa The fund also aims to target at least 50% of startups founded, co-founded or benefiting women. Alternative Investments Bridging Africa’s Great Gender-Financing Divide News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25712/bridging-africaamprsquos-great-gender-financing-divide Clients seek her services through her social media pages where she markets her products under the name Soi Pallet Designs. Alternative Investments IMF cuts SA's 2020 growth forecast News Aggregation Team Tuesday, January 21, 2020 12:00 am http://africabankers.net/article/25686/imf-cuts-saamp039s-2020-growth-forecast South Africa's downward revision pulled down growth expected for the sub-Saharan Africa region, where growth is expected to tick in at 3.5%. Alternative Investments Britain’s CDC adds $400m of investments in Africa push News Aggregation Team Tuesday, January 21, 2020 12:00 am http://africabankers.net/article/25689/britainamprsquos-cdc-adds-400m-of-investments-in-africa-push This comes as British Prime Minister Boris Johnson calls for deeper links between Britain and Africa. Alternative Investments Equatorial Guinea Speeds Up Year of Investment Drive with Nigerian Investors News Team Monday, January 20, 2020 12:00 am http://africabankers.net/article/25676/equatorial-guinea-speeds-up-year-of-investment-drive-with-nigerian-investors The delegation from Equatorial Guinea met with several Nigerian executives from the Africa Finance Corporation, Polaris Bank, Sterling Bank, First Bank, UBA and Zenith Bank Alternative Investments SA cannot dodge a downgrade this year, says Alexander Forbes News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25736/sa-cannot-dodge-a-downgrade-this-year-says-alexander-forbes SA has escaped a downgrade a few times when local economists predicted a downgrade in the past. Comment, Analysis & Research Davos 2020 and climate change: How investment risks have shifted over a decade News Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25738/davos-2020-and-climate-change-how-investment-risks-have-shifted-over-a-decade As recently as ten years ago the environment didn’t register in the top risks for discussion at the World Economic Forum. Now it dominates. This has important implications for investors. Comment, Analysis & Research A Conversation with Standard Bank Chief Executive, Sim Tshabalala at #WEF20 News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25740/a-conversation-with-standard-bank-chief-executive-sim-tshabalala-at-wef20 What is it about the World Economic Forum that brings you and global business and political leaders from around the world to Davos every year? Comment, Analysis & Research Ghana, Kenya and Nigeria to keep interest rates on hold this month- Reuters poll News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25716/ghana-kenya-and-nigeria-to-keep-interest-rates-on-hold-this-month-reuters-poll Citi expects the Central Bank of Nigeria to continue unconventional policy measures, such as the aggressive use of open market operations, and the cash reserve ratio to control liquidity. Comment, Analysis & Research Future of African payments based on pragmatism News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25724/future-of-african-payments-based-on-pragmatism Cash is here to stay – for now Comment, Analysis & Research Improving digital access offers greatest private-sector investment opportunities - Standard Chartered News Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25726/improving-digital-access-offers-greatest-private-sector-investment-opportunities-standard-chartered With Standard Chartered’s experience and reach into Africa, the Bank uses banking knowledge, products and its unique footprint to fund sustainable development Comment, Analysis & Research The trends that will shape your retirement savings in 2020 News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25727/the-trends-that-will-shape-your-retirement-savings-in-2020 Many customers have been resistant to the changes which have taken place with the Fourth Industrial Revolution. Comment, Analysis & Research Risks and opportunities of investing in South Africa, Nigeria and Kenya News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25728/risks-and-opportunities-of-investing-in-south-africa-nigeria-and-kenya Despite high unemployment rates in most African countries, they are at varying stages of macro and political cycles, which inform investment opportunities. Comment, Analysis & Research Kenya risks debt distress over high interest rates: IMF News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25697/kenya-risks-debt-distress-over-high-interest-rates-imf Official data shows that Kenya needs to pay Sh441 billion in loan interest this year — an amount that will rise to Sh475.9 billion next year, before rising to a high of Sh483 billion by 2022. This will be paid through collected revenue. Comment, Analysis & Research Moody's downgrades Land Bank to junk News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25698/moodyamp039s-downgrades-land-bank-to-junk The agency said it assumes a high likelihood of government support for Land Bank, given that it’s a state-owned bank. Comment, Analysis & Research Tax Appeals Tribunal recovers Ksh 11b in tax dispute judgements News Aggregation Team Wednesday, January 15, 2020 12:00 am http://africabankers.net/article/25613/tax-appeals-tribunal-recovers-ksh-11b-in-tax-dispute-judgements In the recent past the Judiciary has also adopted the principle of exhaustion by referring tax disputes to the Tax Appeals Tribunal for resolution in the first instance so that tax disputes find their way to the courts by way of appeal. Tax Tax breaks could spur economic growth in South Africa News Aggregation Team Monday, January 13, 2020 12:00 am http://africabankers.net/article/25580/tax-breaks-could-spur-economic-growth-in-south-africa If these people feel that they are being targeted by the taxman, they might choose to leave the country or to take their money elsewhere. Tax South Africans living abroad to be hit with 'expat tax' News Aggregation Team Thursday, January 09, 2020 12:00 am http://africabankers.net/article/25539/south-africans-living-abroad-to-be-hit-with-amp039expat-taxamp039 The expat exemption only relates to South Africans who are tax resident, so the obvious answer would be to cease tax residency of South Africa Tax Billions lost to weak tax regime as poverty bites News Aggregation Team Thursday, December 26, 2019 12:00 am http://africabankers.net/article/25433/billions-lost-to-weak-tax-regime-as-poverty-bites The World Economic Forum (WEF) says almost six people in Nigeria fall into the poverty trap every minute. Tax Uganda raises tax revenue of 92.5B from offshore – report News Aggregation Team Tuesday, December 10, 2019 12:00 am http://africabankers.net/article/25250/uganda-raises-tax-revenue-of-925b-from-offshore-ampndash-report . Uganda now makes routine use of exchange of information as a tool to protect its tax base,” the report says. Tax Property Taxes And The Rich, Famous And Powerful In Ghana News Aggregation Team Sunday, December 01, 2019 12:00 am http://africabankers.net/article/25126/property-taxes-and-the-rich-famous-and-powerful-in-ghana To a very large extent, this class of tax-avoiders or evaders are the same people who own significant real estate in Ghana - residential, commercial, and industrial properties as well as large tracts of land in various areas. Tax Manufacturers association calls on govt to widen tax bracket News Aggregation Team Friday, November 29, 2019 12:00 am http://africabankers.net/article/25111/manufacturers-association-calls-on-govt-to-widen-tax-bracket KAM urged the government to increase tax cuts to manufacturers and clear all the remaining pending bills as the sector is facing a liquidity crunch. Tax KPMG South Africa winning back customers as reputation recovers, says CEO News Aggregation Team Friday, November 29, 2019 12:00 am http://africabankers.net/article/25119/kpmg-south-africa-winning-back-customers-as-reputation-recovers-says-ceo KPMG has spent the past two years increasing the independence of its board, adding layers of security to its auditing processes and reviewing the risk profiles of clients, the CEO said. Tax Finance Bill 2019: Tax Implications for Nigerian Entities News Aggregation Team Friday, November 22, 2019 12:00 am http://africabankers.net/article/25021/finance-bill-2019-tax-implications-for-nigerian-entities The Bill, amongst other things, generally amends certain key provisions of various tax legislation in Nigeria Tax Zimbabwe: Tax measures proposed in 2020 budget News Team Monday, November 18, 2019 12:00 am http://africabankers.net/article/24935/zimbabwe-tax-measures-proposed-in-2020-budget The national budget for 2020, presented on 14 November 2019, includes proposals concerning the corporate income tax, value added tax (VAT), capital gains tax, certain indirect and excise taxes, among other provisions. Tax Treasury nets Sh64bn in reopened five, 10-year bonds sale News Aggregation Team Monday, January 27, 2020 12:00 am http://africabankers.net/article/25747/treasury-nets-sh64bn-in-reopened-five-10-year-bonds-sale Investors were keen on the five-year tranche due to the dearth of short-term bond offers in recent months, with the government raising Sh44.5 billion on this tranche and Sh19.3 billion on the 10-year. Regulation,Tax & Compliance Zimbabwe: U.S.$2 Billion Lost to Graft Annually News Aggregation Team Monday, January 27, 2020 12:00 am http://africabankers.net/article/25748/zimbabwe-us2-billion-lost-to-graft-annually The practice has come to be known as “catch and release” in common parlance.” Regulation,Tax & Compliance South African regulator fines asset manager News Aggregation Team Monday, January 27, 2020 12:00 am http://africabankers.net/article/25749/south-african-regulator-fines-asset-manager If this is not the case, the legislation criminalises the promotion of investments in these unapproved or unregulated investment vehicles. Regulation,Tax & Compliance Portuguese hacker says he is behind Angola corruption leaks News Aggregation Team Monday, January 27, 2020 12:00 am http://africabankers.net/article/25750/portuguese-hacker-says-he-is-behind-angola-corruption-leaks Lawyers for a Portuguese computer hacker said on Monday he was responsible for revealing the dealings of Angolan billionaire Isabel dos Santos, a corruption scandal with fallout across Europe and Africa. Regulation,Tax & Compliance Bank of Namibia 'went easy' on Dos Santos News Aggregation Team Monday, January 27, 2020 12:00 am http://africabankers.net/article/25752/bank-of-namibia-amp039went-easyamp039-on-dos-santos This is in direct contravention of Namibian policy objectives aimed at capping foreign ownership in key business sectors. Regulation,Tax & Compliance South African rand rises as demand for riskier assets picks up News Aggregation Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25720/south-african-rand-rises-as-demand-for-riskier-assets-picks-up The appreciation in the rand appears to be mostly driven by external factors, specifically the pull back of the U.S. dollar as well as a bit of risk-off trade falling. Regulation,Tax & Compliance Al Salam Bank Strengthens Ties with Seychelles News Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25694/al-salam-bank-strengthens-ties-with-seychelles They discussed the ongoing progress at Al Salam Bank-Seychelles, a joint venture between ASBB and the Seychelles Pension Fund, and its contribution to the development of the domestic financial services industry in the Seychelles. Regulation,Tax & Compliance PenCom seeks reconciliation of non-credited contributions News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25696/pencom-seeks-reconciliation-of-non-credited-contributions The monthly Compliance Reports are one of the monitoring tools instituted to monitor the level of compliance with the PRA 2014 and other identified lapses. Regulation,Tax & Compliance Old Mutual pledges $8.3bn to building sustainable economies‘ News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25700/old-mutual-pledges-83bn-to-building-sustainable-economiesamplsquo A lot more can be done if the right frameworks are in place in the public-private partnership model,’ declares Old Mutual’s Ian Williamson. Regulation,Tax & Compliance Nigeria, SA financial performance in 2020 weakens Africa’s economic growth — World Bank News Aggregation Team Wednesday, January 22, 2020 12:00 am http://africabankers.net/article/25702/nigeria-sa-financial-performance-in-2020-weakens-africaamprsquos-economic-growth-ampmdash-world-bank This will give people more voice in the contracts and commitments made by their governments, a critical basis for implementing the rule of law. Regulation,Tax & Compliance Fund diversifies its field of intervention on climate resilience News Aggregation Team Friday, January 24, 2020 12:00 am http://africabankers.net/article/25737/fund-diversifies-its-field-of-intervention-on-climate-resilience This project will improve the environmental resilience and economic sustainability of smallholder families in Zambezia Province ESG How to Change Course on Climate News Team Thursday, January 23, 2020 12:00 am http://africabankers.net/article/25715/how-to-change-course-on-climate The situation is dire, but it’s not too late. ESG President Kenyatta launches Kenya’s first green bond at London Stock Exchange News Aggregation Team Tuesday, January 21, 2020 12:00 am http://africabankers.net/article/25685/president-kenyatta-launches-kenyaamprsquos-first-green-bond-at-london-stock-exchange With a dynamic and diverse business sector, the President pointed out that Kenya’s business environment is ranked among the top three in Africa. ESG Davos 2020: Greta Thunberg is saving the planet AND reshaping the global investment industry News Team Tuesday, January 21, 2020 12:00 am http://africabankers.net/article/25693/davos-2020-greta-thunberg-is-saving-the-planet-and-reshaping-the-global-investment-industry Her comments at the elite meeting in the Swiss mountain town came just before U.S. President Donald Trump – a global warming sceptic – was due to make a keynote address. ESG RBZ should drive green banking in Zimbabwe News Aggregation Team Monday, January 20, 2020 12:00 am http://africabankers.net/article/25672/rbz-should-drive-green-banking-in-zimbabwe What is sustainable development? ESG Climate threats and deglobalization are barriers to investments in emerging economies News Aggregation Team Wednesday, January 15, 2020 12:00 am http://africabankers.net/article/25625/climate-threats-and-deglobalization-are-barriers-to-investments-in-emerging-economies Developments on the black continent are likely to be difficult. ESG 8 ways Seychelles has been recognised for its dedication to the environment, Blue Economy News Team Thursday, January 02, 2020 12:00 am http://africabankers.net/article/25479/8-ways-seychelles-has-been-recognised-for-its-dedication-to-the-environment-blue-economy NA presents a roundup of eight ways Seychelles has earned accolades for its Blue Economy initiative. ESG Rwanda: Green bank creation on government’s agenda News Aggregation Team Thursday, January 02, 2020 12:00 am http://africabankers.net/article/25481/rwanda-green-bank-creation-on-governmentamprsquos-agenda Rwandan farmers are losing on average 40% of their production due to climate change. ESG Young CEO empowers women, youth in climate fight News Aggregation Team Thursday, December 19, 2019 12:00 am http://africabankers.net/article/25370/young-ceo-empowers-women-youth-in-climate-fight Angelique Pouponneau, CEO of Seychelles Conservation and Climate Adaptation Trust ESG Mastercard extends pact on carbon footprint tracking News Aggregation Team Wednesday, December 18, 2019 12:00 am http://africabankers.net/article/25349/mastercard-extends-pact-on-carbon-footprint-tracking Mastercard and Doconomy originally announced a collaboration in February to launch a mobile banking service that lets users track their carbon footprint. ESG