Managers of Wealth - Africa http://africabankers.net/ Mon, 20 May 2019 14:21:58 BST part of MediaG8way Group http://africabankers.net/ http://africabankers.net/assets/images/logo.png Managers of Wealth - Africa KohanaPHP How the richest of the rich are faring, including Africa’s top billionaires News Aggregation Team Sunday, May 19, 2019 1:00 am http://africabankers.net/article/22578/how-the-richest-of-the-rich-are-faring-including-africaamprsquos-top-billionaires The 2019 British list is headed by the brothers Sri and Gopi Hinduja, with estimated assets of £22 billion. Wealth and Asset Management Investec Progresses Demerger; Sees Annual Profit Rise News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22561/investec-progresses-demerger-sees-annual-profit-rise In the twelve months to March 31, Investec's pretax profit increased 7.8% to GBP687.2 million from GBP637.5 million the year prior. Wealth and Asset Management We’ve launched the world’s first Sustainable Deposit Ana Hall Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22551/weamprsquove-launched-the-worldamprsquos-first-sustainable-deposit Our new product will bring more private capital to where it matters most Wealth and Asset Management Digital wealth manager Investec Click & Invest shuts down News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22553/digital-wealth-manager-investec-click-ampamp-invest-shuts-down Digital wealth management provider Investec Click & Invest is to shut down and has closed to new clients from today. Wealth and Asset Management Insurance claims may take longer, says Sanlam News Aggregation Team Tuesday, May 14, 2019 1:00 am http://africabankers.net/article/22531/insurance-claims-may-take-longer-says-sanlam This includes more stringent vetting of claims to weed out unscrupulous ones,” said Simba. Wealth and Asset Management To Fund African Development, Curb the Looting of African Wealth News Aggregation Team Thursday, May 09, 2019 1:00 am http://africabankers.net/article/22472/to-fund-african-development-curb-the-looting-of-african-wealth Where does Africa’s stolen wealth end up? Among other places, Trump Tower. Wealth and Asset Management Can the gold industry return to the golden age? News Aggregation Team Tuesday, May 07, 2019 1:00 am http://africabankers.net/article/22434/can-the-gold-industry-return-to-the-golden-age Digging for a solution to the gold mining reserve crisis Wealth and Asset Management Solving the Corporate Actions Paradox – Reducing Risk, Increasing Efficiency whilst Improving Services Ana Hall Thursday, May 02, 2019 1:00 am http://africabankers.net/article/22397/solving-the-corporate-actions-paradox-ampndash-reducing-risk-increasing-efficiency-whilst-improving-services The industry response to this risk and complexity has been to establish best practice, but this has introduced the paradox that risk can be reduced, efficiency increased, and services improved, but rarely all together. Wealth and Asset Management Here are the 10 richest people in South Africa News Aggregation Team Thursday, May 02, 2019 1:00 am http://africabankers.net/article/22401/here-are-the-10-richest-people-in-south-africa The list of the wealthiest men comprises of white people and one black man. Wealth and Asset Management Empowering women is critical for the world’s economy and people News Aggregation Team Wednesday, May 01, 2019 1:00 am http://africabankers.net/article/22376/empowering-women-is-critical-for-the-worldamprsquos-economy-and-people If banks and financial supervisors increased the share of women in senior positions, the banking sector would be more stable too. Wealth and Asset Management Pradeep Menon joins HSBC as MD & Global Head of Data Engineering News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22588/pradeep-menon-joins-hsbc-as-md-ampamp-global-head-of-data-engineering Prior to this, Menon served a stint with General Electric (GE) where he was the Global Head and VP- Data Analytics for the conglomerate’s global digital hubs. He also held global leadership roles with the Maersk group and Dell. Executive Moves Alexander Forbes moves to exit Uganda market News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22597/alexander-forbes-moves-to-exit-uganda-market The firm says the operating environment for emerging markets businesses has proved difficult due to vulnerabilities faced by economies in the region. Executive Moves Dia joins UBA Group Board News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22567/dia-joins-uba-group-board He is fluent in six languages Executive Moves Ecobank Transnational Incorporated names new finance chief News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22571/ecobank-transnational-incorporated-names-new-finance-chief In line with ETI’s established executive succession plan, the Board has appointed Ayo Adepoju, Vice President, Group Finance as acting CFO. Executive Moves Eversheds Sutherland expands its Tax practice in South Africa with new Partner hire Ana Hall Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22555/eversheds-sutherland-expands-its-tax-practice-in-south-africa-with-new-partner-hire She specialises in advising large corporates within the financial services sector on various aspects of tax Executive Moves Pennington Fund appoints investment adviser for South Africa Mitzi Limlengco Wednesday, May 15, 2019 1:00 am http://africabankers.net/article/22538/pennington-fund-appoints-investment-adviser-for-south-africa Mr. Yasseen will use his experience and expertise to introduce Pennington Fund to South Africa Executive Moves Barak Appointed to Manage Working Capital Facility for Agricultural SMEs in Africa Kris Borres Tuesday, May 14, 2019 1:00 am http://africabankers.net/article/22526/barak-appointed-to-manage-working-capital-facility-for-agricultural-smes-in-africa "Banks are still not providing enough or the right type of working capital to smaller companies in the agriculture sector," said Chris Isaac, Managing Director of AgDevCo. Executive Moves Benjamin Yaw Manu Is First Ghanaian ACMP Global Board Director News Aggregation Team Monday, May 13, 2019 1:00 am http://africabankers.net/article/22498/benjamin-yaw-manu-is-first-ghanaian-acmp-global-board-director Mr. Manu says given the intractable and rapid pace of change in industries, sectors, regions there is the need to master the skill to navigate change by becoming change leaders. Executive Moves Ogwang new EADB country manager News Aggregation Team Monday, May 13, 2019 1:00 am http://africabankers.net/article/22499/ogwang-new-eadb-country-manager Ogwang holds a master’s degree in Business Administration and bachelors of arts degree in Economics from Makerere University. Executive Moves Herbert Smith Freehills Appoints New Regional Head of Finance Mitzi Limlengco Monday, May 13, 2019 1:00 am http://africabankers.net/article/22503/herbert-smith-freehills-appoints-new-regional-head-of-finance A lawyer with 20 years' experience Eric also brings a passion for innovation, design and change management to the role. Executive Moves Hogan Lovells mining team heads to Eversheds News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22554/hogan-lovells-mining-team-heads-to-eversheds Beech spent nearly seven years at Hogan Lovells and had a previous stint as head of integrated mining, construction and industry solutions at Webber Wentzel. Legal ANC keeps power in South Africa but scandals cost it votes News Aggregation Team Monday, May 13, 2019 1:00 am http://africabankers.net/article/22497/anc-keeps-power-in-south-africa-but-scandals-cost-it-votes "Let us now work together, black and white, men and women, young and old to build a South Africa that truly belongs to all that live in it," Legal Many legal battles of Access Bank, MD Wigwe News Aggregation Team Tuesday, May 07, 2019 1:00 am http://africabankers.net/article/22425/many-legal-battles-of-access-bank-md-wigwe Justice Agbelu arrived at the decision after listening to Daniel Apochi, the police prosecutor, and lawyers to the defendants led by the President of the Nigerian Bar Association (NBA), Paul Usoro (SAN). Legal Court battle for reclusive tycoon’s wealth opens lid on his vast empire News Aggregation Team Monday, May 06, 2019 1:00 am http://africabankers.net/article/22415/court-battle-for-reclusive-tycoonamprsquos-wealth-opens-lid-on-his-vast-empire The founding chief executive of Equity Building Society — the precursor of Equity Bank — was mostly known as the owner of the luxurious Enashipai Resort and Spa in Naivasha. Legal Alleged $6.3m Fraud: Absence Of Access Bank GMD, Others Stall Arraignment News Aggregation Team Friday, May 03, 2019 1:00 am http://africabankers.net/article/22405/alleged-63m-fraud-absence-of-access-bank-gmd-others-stall-arraignment They were to be arraigned by the Police on a four-count charge of conspiracy to defraud, conspiracy to obtain money by false pretences, obtaining money by false pretences and stealing. Legal Defendants’ absence stalls arraignment of Wigwe, eight others News Aggregation Team Friday, May 03, 2019 1:00 am http://africabankers.net/article/22407/defendantsamprsquo-absence-stalls-arraignment-of-wigwe-eight-others Wigwe’s counsel, Mr. Paul Usoro, said they had filed an application challenging the jurisdiction of the court to determine the matter. Legal Allegations of fraud, stealing: Access Bank, Nigeria Police may settle out of court News Aggregation Team Wednesday, May 01, 2019 1:00 am http://africabankers.net/article/22365/allegations-of-fraud-stealing-access-bank-nigeria-police-may-settle-out-of-court The defendants are charged with 21-count bordering on stealing, advance fee fraud, forgery of bill of lading, among others. Legal Former top judge banned from public office for ten years News Aggregation Team Tuesday, April 23, 2019 1:00 am http://africabankers.net/article/22254/former-top-judge-banned-from-public-office-for-ten-years The case sets a precedent in Africa where high ranking government officials are treated with kid gloves when it comes to enforcing laws, especially on corruption. Legal Africa's Biggest Fund Manager Is Said to Court Banker for CEO News Aggregation Team Thursday, April 18, 2019 1:00 am http://africabankers.net/article/22243/africaamp039s-biggest-fund-manager-is-said-to-court-banker-for-ceo South Africa’s PIC is said to seek Kennedy Bungane as head Legal It’s criminal for states not to remit retirement fund – NLC News Aggregation Team Monday, April 15, 2019 1:00 am http://africabankers.net/article/22192/itamprsquos-criminal-for-states-not-to-remit-retirement-fund-ampndash-nlc Wabba said that states had two retirement plan options but noted that it was a criminal offence not to credit workers’ retirement benefit account. Legal ‘Banks’ Collaboration with Fintech Key to Digital Transformation’ News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22586/amplsquobanksamprsquo-collaboration-with-fintech-key-to-digital-transformationamprsquo “The future is digital and we must embrace it through collaboration with FinTech players to achieve the digital transformation dream of Nigeria and Africa at large,” Bajomo said FinTech Wigwe: AI, analytics imperative for banks, fintechs’ competitiveness News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22587/wigwe-ai-analytics-imperative-for-banks-fintechsamprsquo-competitiveness This, he said, has enabled financial service providers to increase their digital offerings for customers so they can conduct banking transactions on mobile phones, the internet, and at the automated teller machine (ATM). FinTech What African Central Bankers May Decide in the Next Two Weeks News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22590/what-african-central-bankers-may-decide-in-the-next-two-weeks Oil is adding to cost pressures and countering the positive effects of portfolio inflows and the support to African countries’ currencies that came from the U.S Federal Reserve and European Central Bank’s recent dovish tone, said Cobus de Hart FinTech Ecobank Ghana to leverage digital platform to promote cash-lite agenda News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22591/ecobank-ghana-to-leverage-digital-platform-to-promote-cash-lite-agenda “Our range of products and services meet the day-to-day banking, financing, investment and transactional needs of our customers." FinTech Kenya sets pace with launch of blueprint for digital economy News Aggregation Team Saturday, May 18, 2019 1:00 am http://africabankers.net/article/22581/kenya-sets-pace-with-launch-of-blueprint-for-digital-economy By launching its own blueprint, the first on the continent, Kenya indicated its potential to meet the objective of being a pacesetter for African countries that are embarking on this digital transformation journey. FinTech Digital agency banking to drive deposits for CalBank News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22566/digital-agency-banking-to-drive-deposits-for-calbank CalBank is expected to complete moves to use agency banking to grow its deposit by the end of this quarter 2019. FinTech Financial Inclusion in Africa To Be Boosted Following Launch Of This New Fund News Aggregation Team Tuesday, May 14, 2019 1:00 am http://africabankers.net/article/22508/financial-inclusion-in-africa-to-be-boosted-following-launch-of-this-new-fund In a bid to continue supporting financial inclusion in Africa, Dubai-based Investment banking advisory firm Nimai has unveiled a USD 150 Mn fund in a partnership with Kenya’s Victoria Commercial Bank . FinTech Ecobank Ghana introduces unified electronic payment solution for merchants News Aggregation Team Tuesday, May 14, 2019 1:00 am http://africabankers.net/article/22513/ecobank-ghana-introduces-unified-electronic-payment-solution-for-merchants Osu Oxford Street is the latest to receive the Ecobank Pay Zone putting the number at 8 in the whole country. FinTech Zambia digital drive to boost Standard Bank News Aggregation Team Tuesday, May 14, 2019 1:00 am http://africabankers.net/article/22517/zambia-digital-drive-to-boost-standard-bank Investment might be sign of things to come in Africa FinTech Africa Fintech Foundry Supports Fintech Start-ups News Aggregation Team Friday, May 10, 2019 1:00 am http://africabankers.net/article/22481/africa-fintech-foundry-supports-fintech-start-ups He said the five startups were shortlisted for demo at the ”Disrupt 2019 Conference”, which would be held on May 16. FinTech Equity, KCB fight for continental honours News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22593/equity-kcb-fight-for-continental-honours “The banking industry is itself being disrupted by technology and has embraced this technology to develop solutions that truly benefit the real economy. Retail Banking HF Group borrows Sh1.9 billion at 18pc News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22595/hf-group-borrows-sh19-billion-at-18pc HF also holds a short term loan facility of Sh516.3 million from fellow listed lender NIC Bank , for which it is paying interest at 14 percent per annum. Retail Banking Ecobank records sterling performance but defers dividends payment News Aggregation Team Saturday, May 18, 2019 1:00 am http://africabankers.net/article/22577/ecobank-records-sterling-performance-but-defers-dividends-payment The bank's financial statements for the 2018 financial year shows sterling performances against the backdrop of a turbulent banking environment last year. Retail Banking Kenya's KCB Group sees acquisition of NBK sealed by October News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22560/kenyaamp039s-kcb-group-sees-acquisition-of-nbk-sealed-by-october The combined entity could attain a return on equity of 26.9% in 2023 said KCB, which had a return on equity of 23% last year. Retail Banking Banks must leverage technology to remain competitive – Access bank CEO News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22562/banks-must-leverage-technology-to-remain-competitive-ampndash-access-bank-ceo He noted that banks in Nigeria have done well so far but the future holds a lot more than what has been experienced. Retail Banking Impact of financial sector reforms will be felt long-term — BoG News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22556/impact-of-financial-sector-reforms-will-be-felt-long-term-ampmdash-bog The vulnerabilities in the banking sector have been addressed through a recapitalization process and regulatory reforms geared towards introducing efficiency in the way business is conducted. Retail Banking Ecobank Ghana drives cash-lite agenda with Ecobankpay launch News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22558/ecobank-ghana-drives-cash-lite-agenda-with-ecobankpay-launch "Ecobank's vision is to decentralise banking, where customers can access banking at the comfort of their homes or any location, without physically coming to the bank," she said. Retail Banking These are the most complained-about banks in South Africa News Aggregation Team Wednesday, May 15, 2019 1:00 am http://africabankers.net/article/22536/these-are-the-most-complained-about-banks-in-south-africa Standard Bank, which was the most complained-about bank last year, has dropped to fourth position this year – while Absa, which was fourth, drew the most complaints out of all the banks in 2018. Retail Banking South African Retail Sales Rise at Slowest Pace in Four Months News Aggregation Team Wednesday, May 15, 2019 1:00 am http://africabankers.net/article/22540/south-african-retail-sales-rise-at-slowest-pace-in-four-months The median of seven economists’ estimates was for 0.6% growth. Sales contracted 0.7% from a month earlier, it said. Retail Banking Attijariwafa Bank launches Africa Development Club in Egypt News Aggregation Team Tuesday, May 14, 2019 1:00 am http://africabankers.net/article/22509/attijariwafa-bank-launches-africa-development-club-in-egypt He stressed that Egypt is the first destination for foreign investments in Africa, pointing out that the presence in Egypt is the most important investment of the group in Africa due to its distinguished geographic position Retail Banking Barclays “Ultimate Account” Adjudged Best In West Africa News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22572/barclays-ampldquoultimate-accountamprdquo-adjudged-best-in-west-africa “The Barclays Ultimate Account enables its customers to pay a monthly bundled fee to cover all account transactions. Investment Banking Goldman Sachs’ big, big bet on South Africa News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22542/goldman-sachsamprsquo-big-big-bet-on-south-africa Ramaphosa made reference to this in his 2018 State of the Nation address. Investment Banking Goldman Partners With Investec in African Capital-Markets Push News Aggregation Team Wednesday, May 15, 2019 1:00 am http://africabankers.net/article/22535/goldman-partners-with-investec-in-african-capital-markets-push The lender is partnering with Investec on equity trading Investment Banking The contradictions of African banking News Aggregation Team Wednesday, May 15, 2019 1:00 am http://africabankers.net/article/22537/the-contradictions-of-african-banking David Hodnett, deputy chief executive at the time, maintained that senior leadership at Barclays Africa Group Limited (BAGL) was kept in more or less the dark about the announcement. Investment Banking The contradictions of African banking News Aggregation Team Wednesday, May 15, 2019 1:00 am http://africabankers.net/article/22559/the-contradictions-of-african-banking The continent is trying to force financial inclusion at a time when international banks are leaving. It is a hotbed of innovation but still lacks essential infrastructure. So how should we look at banking in a modern Africa? Investment Banking Stanbic IBTC Bank Partners Junior Achievement Nigeria On Financial Literacy News Aggregation Team Tuesday, May 14, 2019 1:00 am http://africabankers.net/article/22523/stanbic-ibtc-bank-partners-junior-achievement-nigeria-on-financial-literacy Stanbic IBTC Bank PLC, Chief Executive, Dr. Demola Sogunle, also shared the bank’s commitment to support and strengthen the Nigerian community through financial education, leadership, health, environment, and charitable conditions. Investment Banking Dubai's Nimai Capital's Dh550.5m fund to invest in Asia, Africa News Aggregation Team Sunday, May 12, 2019 1:00 am http://africabankers.net/article/22489/dubaiamp039s-nimai-capitalamp039s-dh5505m-fund-to-invest-in-asia-africa The Fund will be regulated by the Cayman Islands Monetary Authority. Investment Banking Barclays Kenya replaces KPMG after two years News Aggregation Team Thursday, May 02, 2019 1:00 am http://africabankers.net/article/22394/barclays-kenya-replaces-kpmg-after-two-years The decision mirrors that of its parent company Absa group which last year offloaded KPMG in the wake of the South African Auditor-General’s office also terminating its services. Investment Banking Standard Bank experiences difficult domestic operating environment News Aggregation Team Thursday, April 25, 2019 1:00 am http://africabankers.net/article/22299/standard-bank-experiences-difficult-domestic-operating-environment Standard has to provide certain information periodically to the ICBC, so that the ICBC can equity account the group’s results. Investment Banking Citi Expands ETF Servicing Capabilities in EMEA News Aggregation Team Wednesday, April 17, 2019 1:00 am http://africabankers.net/article/22215/citi-expands-etf-servicing-capabilities-in-emea The launch of Citi’s ACES platform highlights our commitment to continuously strengthen our offering and support our clients’ ETF needs holistically across products and geographies. Investment Banking Bond Notes Are Not US Dollars, South African Business Mogul Mzi Khumalo Sues RBZ $132m Loss Between US Dollars And RTGS$. News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22583/bond-notes-are-not-us-dollars-south-african-business-mogul-mzi-khumalo-sues-rbz-132m-loss-between-us-dollars-and-rtgs Bond Notes originally traded at par with the U.S. dollar but their value has since collapsed on the black market. Alternative Investments Fintechs, CBN collaborate to drive agency banking News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22589/fintechs-cbn-collaborate-to-drive-agency-banking Speaking at the summit, the Deputy Governor, Financial Systems Stability, CBN, Mrs Aishah Ahmad, reiterated the apex bank’s commitment to the successful implementation of agent banking in Nigeria. Alternative Investments Kenya sells third $2.1bn Eurobond News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22565/kenya-sells-third-21bn-eurobond The two tranches are priced at 7.0 percent for the 7-year tenor and 8.0 percent for the 12-year tenor. Alternative Investments Investec’s Fani Titi grapples with crises in its two largest markets — SA and UK News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22568/investecamprsquos-fani-titi-grapples-with-crises-in-its-two-largest-markets-ampmdash-sa-and-uk Theresa May is facing increasing pressure to quit as prime minister, setting the scene for more political drama that may further cloud the economic outlook. Alternative Investments Nigerian journalist Oluseyi Awojulugbe Wins APO Group Invitation to Attend the African Development Bank’s 2019 Annual Meetings News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22576/nigerian-journalist-oluseyi-awojulugbe-wins-apo-group-invitation-to-attend-the-african-development-bankamprsquos-2019-annual-meetings Awojulugbe Oluseyi Serah (25) is a senior business reporter with Nigeria's independent online newspaper TheCable Newspaper. Alternative Investments SA companies aren’t reaping the benefits of asset management, says Alusani® Course Leader News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22541/sa-companies-arenamprsquot-reaping-the-benefits-of-asset-management-says-alusaniampreg-course-leader At a foundational level, leadership and management are the fundamental building blocks of the asset management pyramid. Alternative Investments Renaissance Capital restates commitment to Africa News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22544/renaissance-capital-restates-commitment-to-africa In the closed-door 1:1 meetings, between top global and local investors from across the globe, 30 corporate representatives are able to discuss investment opportunities in Nigeria and other fast-growing economies on the African continent. Alternative Investments Kenyatta, Kagame push for digital transformation of Africa News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22546/kenyatta-kagame-push-for-digital-transformation-of-africa President Kenyatta said that African states must ensure that technology is not used as a medium of propagating social vices such as division, classism and ethnicity but rather as a tool to solve problems. Alternative Investments South Africa firms beat US in deals targeting Kenya News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22548/south-africa-firms-beat-us-in-deals-targeting-kenya The UK remained Nairobi’s largest source of foreign investment with a Sh217.84 billion portfolio despite registering a Sh3.44 billion drop from 2016’s value, the statistics show. Alternative Investments Treasury opens sale of third Eurobond in five years News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22549/treasury-opens-sale-of-third-eurobond-in-five-years The announcement shows that investors interested in the bond will be required to give a minimum of $200,000 (Sh20 million). Alternative Investments Assess Kenya’s debt on sustainability News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22594/assess-kenyaamprsquos-debt-on-sustainability What is the real state of the Kenyan economy? Comment, Analysis & Research Bank boss praises Tanzania's President Magufuli News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22564/bank-boss-praises-tanzaniaamp039s-president-magufuli He described President Magufuli as a bold reformer, and a focused and determined man. Comment, Analysis & Research South Africa’s Next Big Challenge News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22569/south-africaamprsquos-next-big-challenge Fresh off his election victory, Cyril Ramaphosa must put country before party Comment, Analysis & Research What to expect for South Africa after Ramaphosa chooses his new cabinet News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22574/what-to-expect-for-south-africa-after-ramaphosa-chooses-his-new-cabinet The president will announce his new cabinet on 26 or 27 May, and the new ministers will be sworn on the 28th. Comment, Analysis & Research 5 important things happening in South Africa today News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22575/5-important-things-happening-in-south-africa-today The South African Post Office says its regulatory hurdles to launch a full banking service are now past Comment, Analysis & Research Why a united Africa offers great prospects for an emerging Kenya News Aggregation Team Tuesday, May 14, 2019 1:00 am http://africabankers.net/article/22521/why-a-united-africa-offers-great-prospects-for-an-emerging-kenya With sporadic outbreaks of violence, those questions have been rehashed over and over again; can this formula work? Comment, Analysis & Research Davido Make List Of 5 Nigerian Billionaire Philanthropists Who Have Been Saving ‘Poor’ Nigerians News Aggregation Team Monday, May 13, 2019 1:00 am http://africabankers.net/article/22501/davido-make-list-of-5-nigerian-billionaire-philanthropists-who-have-been-saving-amplsquopooramprsquo-nigerians Nigeria is a blessed country with a lot of billionaires but only a few of these rich men are genuinely concerned about the welfare and living structure of other Nigerians. Comment, Analysis & Research Biggest banks in South Africa: Profiling five of the top lenders by assets News Aggregation Team Monday, May 13, 2019 1:00 am http://africabankers.net/article/22507/biggest-banks-in-south-africa-profiling-five-of-the-top-lenders-by-assets The bank has more than 150 years of history in South Africa, tracing its formation back to 1862 Comment, Analysis & Research 2019 African Banker Awards Releases Nominees List, Event Scheduled for June 11 News Aggregation Team Monday, May 13, 2019 1:00 am http://africabankers.net/article/22511/2019-african-banker-awards-releases-nominees-list-event-scheduled-for-june-11 The finalists, selected by an expert judging panel of bankers and business leaders, will be announced at the African Banker Awards ceremony which will take place on the evening of the 11th June. Comment, Analysis & Research The biggest mistakes that individual South African investors make News Aggregation Team Sunday, May 12, 2019 1:00 am http://africabankers.net/article/22490/the-biggest-mistakes-that-individual-south-african-investors-make The researchers found that during a period of market turmoil, such as the 2008-2009 crisis, 1 in 2 individual investors underperform by 1.1% per year. Comment, Analysis & Research Andersen Global Expands in Africa Ana Hall Wednesday, May 15, 2019 1:00 am http://africabankers.net/article/22529/andersen-global-expands-in-africa Moribame Matthews Enters Into Collaboration Agreement with Andersen Global Tax South Africa’s taxman goes global News Aggregation Team Wednesday, May 15, 2019 1:00 am http://africabankers.net/article/22539/south-africaamprsquos-taxman-goes-global Expected to come into effect on 1 March 2020 Tax Low tax yield threatens deficit cuts News Aggregation Team Wednesday, May 08, 2019 1:00 am http://africabankers.net/article/22444/low-tax-yield-threatens-deficit-cuts Fitch says that weak growth in revenue, largely tax receipts, presents the biggest challenge to Kenya’s fiscal consolidation plan. Tax Pressure on taxpayers as SGR loan falls due News Aggregation Team Friday, May 03, 2019 1:00 am http://africabankers.net/article/22406/pressure-on-taxpayers-as-sgr-loan-falls-due This is expected to add to the growing load that the Treasury has to bear considering that it is already servicing interest charges on the loan. Tax Economists think South Africa’s persistent inequality should be tackled with a wealth tax News Aggregation Team Friday, May 03, 2019 1:00 am http://africabankers.net/article/22409/economists-think-south-africaamprsquos-persistent-inequality-should-be-tackled-with-a-wealth-tax A less explored topic is that of wealth inequality and, relatedly, the potential use of wealth taxation to reduce wealth inequality while also further diversifying the sources of much-needed government revenue. Tax Taxing Africa: Coercion, Reform and Development News Aggregation Team Wednesday, May 01, 2019 1:00 am http://africabankers.net/article/22380/taxing-africa-coercion-reform-and-development Today, tax systems across the continent feature a mix of direct taxes on personal and corporate income and indirect taxes on consumption, such as a value-added tax. Tax Why South Africa should seriously consider taxing its wealthy citizens News Aggregation Team Tuesday, April 30, 2019 1:00 am http://africabankers.net/article/22349/why-south-africa-should-seriously-consider-taxing-its-wealthy-citizens An important consequence of a highly unequal distribution of wealth in society is the undermining of social, political and economic norms. Tax Mixed reactions to Uganda new tax proposals News Aggregation Team Tuesday, April 30, 2019 1:00 am http://africabankers.net/article/22359/mixed-reactions-to-uganda-new-tax-proposals A lower income tax rate on Treasury bills and bonds usually attracts more offshore investors to the government debt market, raises competition among market players and cuts the cost of debt repayments incurred by the government every year. Tax VAT update: China confirms rate cuts and OECD sets out proposals for online selling News Aggregation Team Friday, April 26, 2019 1:00 am http://africabankers.net/article/22318/vat-update-china-confirms-rate-cuts-and-oecd-sets-out-proposals-for-online-selling South African legislation which came into effect on 1 April 2019 is likely to have a major impact on foreign companies supplying electronic services to South African consumers and businesses. Tax New tax law ‘will push wealthy offshore investors out’ News Aggregation Team Thursday, April 18, 2019 1:00 am http://africabankers.net/article/22231/new-tax-law-amplsquowill-push-wealthy-offshore-investors-outamprsquo Another brain fart by the South African authorities, this time the tax man, means any repatriated income or capital gains will now be taxed up to 20%. Tax The tech companies that will be hit by South Africa’s new VAT changes News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22582/the-tech-companies-that-will-be-hit-by-south-africaamprsquos-new-vat-changes “It follows that the platform would have to charge VAT at the rate of 15% on the facilitation fee, notwithstanding the fact that it facilitates the booking of accommodation that is located outside South Africa.” Regulation,Tax & Compliance US-China trade war: Nigeria faces more pain than gain News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22584/us-china-trade-war-nigeria-faces-more-pain-than-gain The trade war escalated sharply on Monday as China hit back with five per cent to 10 per cent duties on another $60bn worth of U.S. goods, a development that sparked the biggest fall in US stock prices since January. Regulation,Tax & Compliance No changes expected from Reserve Bank and S&P News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22585/no-changes-expected-from-reserve-bank-and-sampampp Despite weak economic growth and low inflation, an interest rate cut and a rating downgrade are not likely Regulation,Tax & Compliance Ghana: Economic Situation News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22592/ghana-economic-situation The economic program of the government, in office since January 2017, contains a large number of planned measures to strengthen agriculture and industry, including tax cuts, incentives for the private sector and infrastructure development. Regulation,Tax & Compliance EAC states waver on a freely convertible currency regime News Aggregation Team Monday, May 20, 2019 1:00 am http://africabankers.net/article/22596/eac-states-waver-on-a-freely-convertible-currency-regime Latest data from Kenya’s Central Bank shows that the country has dominated transactions in the East African Payment System Regulation,Tax & Compliance Saudis deposit $250m in Sudan’s central bank News Aggregation Team Sunday, May 19, 2019 1:00 am http://africabankers.net/article/22579/saudis-deposit-250m-in-sudanamprsquos-central-bank UAE said on April 28 it was depositing $250m Regulation,Tax & Compliance Revealed: SA’s “big five banks” ranked from best-to-worst on complaints News Aggregation Team Friday, May 17, 2019 1:00 am http://africabankers.net/article/22573/revealed-saamprsquos-ampldquobig-five-banksamprdquo-ranked-from-best-to-worst-on-complaints More than 7 000 complaints were registered against South Africa's big five banks in 2018: Here are the best - and worst - performers of the bunch. Regulation,Tax & Compliance Words on Wealth: Regulations and the law of unintended consequences News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22543/words-on-wealth-regulations-and-the-law-of-unintended-consequences Ironically, rules are proliferating. And unforeseen consequences are beginning to pop out of the woodwork. Regulation,Tax & Compliance Reliable, accurate information vital to policymaking in Africa News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22545/reliable-accurate-information-vital-to-policymaking-in-africa African governments are always coming up with policies and blueprints. How can you gauge the level of credibility of these policies and what are the shortcomings? Regulation,Tax & Compliance SBM gets licence to deal in securities News Aggregation Team Thursday, May 16, 2019 1:00 am http://africabankers.net/article/22547/sbm-gets-licence-to-deal-in-securities This brings the number of authorised securities dealers to three and the depositories to 20. Regulation,Tax & Compliance 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 Investment platform open for solar plants in West Africa News Aggregation Team Thursday, May 09, 2019 1:00 am http://africabankers.net/article/22475/investment-platform-open-for-solar-plants-in-west-africa Christian Wessels, executive chairman of Daystar Power, commented: "We are excited about our partnership with Trine, as it will allow a new class of investors to invest in our solar power plants in West Africa. ESG Global biodiversity is collapsing, warn scientists News Aggregation Team Wednesday, May 08, 2019 1:00 am http://africabankers.net/article/22448/global-biodiversity-is-collapsing-warn-scientists The first global assessment of biodiversity and ecosystem services has held humans largely responsible for looming mass extinction of species and has urged immediate action to avert disaster. ESG Experts seek more investment in green bonds News Aggregation Team Tuesday, May 07, 2019 1:00 am http://africabankers.net/article/22426/experts-seek-more-investment-in-green-bonds Therefore it is important that we are able to mobilise low carbon finance. ESG Moving to a low-carbon future – why banks and companies need to step up by Bill Winters, Standard Chartered Bank News Aggregation Team Tuesday, May 07, 2019 1:00 am http://africabankers.net/article/22431/moving-to-a-low-carbon-future-ampndash-why-banks-and-companies-need-to-step-up-by-bill-winters-standard-chartered-bank We’re making progress on understanding our contribution to climate goals, but cannot go it alone ESG Investors snap up Nedbank green bonds News Aggregation Team Thursday, May 02, 2019 1:00 am http://africabankers.net/article/22390/investors-snap-up-nedbank-green-bonds “So, this Renewable Energy Bond builds on our well-established experience in the renewables sector and allows us to extend our support of clean energy provision in South Africa through an innovative, sustainable development goals-focused capital mar ESG State promises massive investments in renewable energy News Aggregation Team Tuesday, April 30, 2019 1:00 am http://africabankers.net/article/22356/state-promises-massive-investments-in-renewable-energy Botswana is the largest diamond miner in Africa and imports almost half of its electricity needs from neighbouring countries such as South Africa, Mozambique and Namibia. ESG Africa needs proper climate change solutions for sustainable development News Aggregation Team Monday, April 15, 2019 1:00 am http://africabankers.net/article/22188/africa-needs-proper-climate-change-solutions-for-sustainable-development Why Africa and other developing continents? Africa cannot properly manage its affairs, plan or design its own climate action programmes and above all, it’s not very much accountable. ESG The continued rise of sustainable investing - Ocarian News Aggregation Team Monday, April 15, 2019 1:00 am http://africabankers.net/article/22196/the-continued-rise-of-sustainable-investing-ocarian Such is the drive for ethically responsible investments that it seems as though it is only a matter of time before ethically irresponsible investing starts to carry penalties. ESG