Managers of Wealth - Africa http://africabankers.net/ Sun, 28 Feb 2021 10:21:35 GMT part of MediaG8way Group http://africabankers.net/ http://africabankers.net/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Standard Bank to partner with Northern Trust to offer transition management services across Southern Africa News Team Tuesday, February 16, 2021 12:00 am http://africabankers.net/article/30273/standard-bank-to-partner-with-northern-trust-to-offer-transition-management-services-across-southern-africa “This partnership agreement expands Standard Bank’s longstanding relationship with Northern Trust,” says Charl Bruyns, Head of Investor Services and Financial Institutions at Standard Bank Group. Wealth and Asset Management Top 15 richest presidents in Africa 2021 News Aggregation Team Thursday, February 04, 2021 12:00 am http://africabankers.net/article/30167/top-15-richest-presidents-in-africa-2021 Their families are elite and almost always have links when the first governments were formed when African countries gained independence. Wealth and Asset Management The Forbes Billionaires’ List: Africa’s Richest People 2021 News Aggregation Team Friday, January 22, 2021 12:00 am http://africabankers.net/article/30064/the-forbes-billionairesamprsquo-list-africaamprsquos-richest-people-2021 While some got richer by the billions, two from the 2020 list of Africa’s richest dropped below the $1 billion mark. Wealth and Asset Management Steven Nathan’s hasty 10x exit: Who believes the Old Mutual spin? News Aggregation Team Tuesday, January 19, 2021 12:00 am http://africabankers.net/article/30026/steven-nathanamprsquos-hasty-10x-exit-who-believes-the-old-mutual-spin I did enjoy the benefits of the investment banking industry and I also spent some time in London with Deutsche Bank, where I ran the global bank’s team for Deutsche. Wealth and Asset Management Externalising assets - don’t be driven by fear, Reyneke van Wyk News Team Tuesday, January 19, 2021 12:00 am http://africabankers.net/article/30025/externalising-assets-donamprsquot-be-driven-by-fear-reyneke-van-wyk The next couple of years will be crucial in getting South Africa back on track. Wealth and Asset Management South Africa is losing thousands of millionaires News Aggregation Team Tuesday, January 05, 2021 12:00 am http://africabankers.net/article/29880/south-africa-is-losing-thousands-of-millionaires Overall, between 2017 and 2020 South Africa lost 8,600 millionaires. Wealth and Asset Management This island paradise in the Caribbean has affordable second passport benefits for South Africans News Aggregation Team Monday, December 21, 2020 12:00 am http://africabankers.net/article/29738/this-island-paradise-in-the-caribbean-has-affordable-second-passport-benefits-for-south-africans The investment required is often less than what you would pay for a luxury property in SA, and rather than eyeing second homes here, wealthy South Africans are taking the opportunity to invest in a second home in offshore destinations where they can obtai Wealth and Asset Management Argyle Pinks Break Records After Mine Closure News Aggregation Team Monday, December 21, 2020 12:00 am http://africabankers.net/article/29741/argyle-pinks-break-records-after-mine-closure The stones continued to appreciate this year, since supply is being diminished, participants observed. Wealth and Asset Management 10 things wealthy people love about living in South Africa News Aggregation Team Sunday, December 20, 2020 12:00 am http://africabankers.net/article/29734/10-things-wealthy-people-love-about-living-in-south-africa There are approximately 1,800 multi-millionaires living in the country Wealth and Asset Management Investec CFO on overcoming challenges News Aggregation Team Friday, December 18, 2020 12:00 am http://africabankers.net/article/29727/investec-cfo-on-overcoming-challenges Nishlan Samujh, finance leader of the Anglo-South African bank, reveals how the FTSE-250 group recovered after the pandemic struck Wealth and Asset Management Broadridge appoints Head of International Partnerships and Alliances News Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30367/broadridge-appoints-head-of-international-partnerships-and-alliances In this new role Hoffman will focus on creating and further developing relationships with firms across the financial services spectrum Executive Moves Invesco appoints managing director for Africa News Aggregation Team Friday, February 19, 2021 12:00 am http://africabankers.net/article/30312/invesco-appoints-managing-director-for-africa Before this, she served as managing director, Global Institutional where she developed and executed key strategic initiatives on behalf of Invesco's global institutional business. Executive Moves Ecobank Transnational appoints new director News Aggregation Team Friday, February 12, 2021 12:00 am http://africabankers.net/article/30240/ecobank-transnational-appoints-new-director Mr Assah, who comes from the Central African Economic and Monetary Community region, is a national of Congo Brazzaville. Executive Moves New UMB CEO unpacks corporate journey on Springboard News Aggregation Team Thursday, February 11, 2021 12:00 am http://africabankers.net/article/30234/new-umb-ceo-unpacks-corporate-journey-on-springboard “Having been in banking for the past 23 years, the overwhelming sentiment has not been one of surprise, but of endorsement,” he stated. Executive Moves Net1 scoops Standard Bank’s Lincoln Mali as new Southern African CEO News Aggregation Team Wednesday, February 10, 2021 12:00 am http://africabankers.net/article/30222/net1-scoops-standard-bankamprsquos-lincoln-mali-as-new-southern-african-ceo In newly-created regional position. Executive Moves J. P. Morgan Asset Management appoints head of investment stewardship for EMEA News Aggregation Team Tuesday, February 09, 2021 12:00 am http://africabankers.net/article/30202/j-p-morgan-asset-management-appoints-head-of-investment-stewardship-for-emea This will include engaging with companies to actively encourage enhanced disclosure of ESG and climate data Executive Moves Stanbic IBTC announces executive appointments across the Group News Aggregation Team Monday, February 08, 2021 12:00 am http://africabankers.net/article/30196/stanbic-ibtc-announces-executive-appointments-across-the-group The new appointments cut across Stanbic IBTC Bank PLC and its subsidiary. Executive Moves British Arab Commercial Bank (BACB) appoints former HSBC executive as the new Money Laundering Reporting Officer (MLRO) News Aggregation Team Thursday, February 04, 2021 12:00 am http://africabankers.net/article/30166/british-arab-commercial-bank-bacb-appoints-former-hsbc-executive-as-the-new-money-laundering-reporting-officer-mlro She has experience dealing with anti-money laundering and compliance on an international level, being responsible for the day-to-day reporting into HSBC’s senior management committee and the Board on financial crime matters, as well as for producing Executive Moves Frances Adu-Mante appointed Board Chair of Absa Bank Ghana News Aggregation Team Tuesday, February 02, 2021 12:00 am http://africabankers.net/article/30150/frances-adu-mante-appointed-board-chair-of-absa-bank-ghana An astute banker, Legal Practitioner and Business Executive with 42 years of experience in Law, Banking and Finance, Mrs Adu-Mante is currently the Chair of the Board of Trustees of the University of Ghana Business School Endowment Fund Executive Moves FBN Holdings Announces New Board Appointments News Aggregation Team Monday, February 01, 2021 12:00 am http://africabankers.net/article/30139/fbn-holdings-announces-new-board-appointments In 2009, Adetu was appointed Group Managing Director/CEO East African Breweries Executive Moves Alleged N1.4bn Money Laundering: EFCC Closes Case Against Former NBA President, Paul Usoro News Aggregation Team Friday, February 19, 2021 12:00 am http://africabankers.net/article/30306/alleged-n14bn-money-laundering-efcc-closes-case-against-former-nba-president-paul-usoro The EFCC had called Idongesit Udom, a deputy manager at Zenith Bank as it’s a first witness and Abdulrahman Arabo, the investigating officer as its second and final witness. Legal Ex-banker, trader charged with stealing Sh3.5m from the dead News Aggregation Team Wednesday, February 17, 2021 12:00 am http://africabankers.net/article/30279/ex-banker-trader-charged-with-stealing-sh35m-from-the-dead The alleged offences were committed in December 2020. Legal Court dismisses case against CBN’s directives on bank charges News Aggregation Team Wednesday, February 10, 2021 12:00 am http://africabankers.net/article/30218/court-dismisses-case-against-cbnamprsquos-directives-on-bank-charges In his notice of preliminary objection to the suit, Agbola had contended that the plaintiff failed to show that the CBN acted in bad faith or breached any law by issuing the guidelines. Legal Exclusive-Angola moves to seize Dos Santos-linked asset in Dutch court News Aggregation Team Tuesday, February 09, 2021 12:00 am http://africabankers.net/article/30200/exclusive-angola-moves-to-seize-dos-santos-linked-asset-in-dutch-court Dos Santos briefly ran state oil company Sonangol from 2016 until 2017, when her father’s four-decade rule ended. Legal Banks face lawsuit over 'unjust' sale of homes News Aggregation Team Tuesday, January 26, 2021 12:00 am http://africabankers.net/article/30087/banks-face-lawsuit-over-amp039unjustamp039-sale-of-homes In court papers, Booysen said that there were “literally tens of thousands of potential litigants in the matter whose rights have been violated since 1994”. Legal Firm files N12.86b suit against Bank over alleged contract breach News Aggregation Team Tuesday, January 26, 2021 12:00 am http://africabankers.net/article/30089/firm-files-n1286b-suit-against-bank-over-alleged-contract-breach Access Bank is the sole claimant/defendant to counter-claim, while the firm and Mr Okonkwo are the first and second defendants/counter-claimants. Legal Walkers London Acts as BVI Counsel on OML-17 Acquisition News Aggregation Team Monday, January 25, 2021 12:00 am http://africabankers.net/article/30080/walkers-london-acts-as-bvi-counsel-on-oml-17-acquisition Described as 'one of the largest and most prominent Oil and Gas deals in Africa for more than a decade', a group of global and regional banks and investors provided US$1.1 billion across the different layers of the capital structure. Legal Access Bank rejects Appeal Court’s suspension of injunction against Seplat, approaches Supreme Court News Aggregation Team Sunday, January 24, 2021 12:00 am http://africabankers.net/article/30065/access-bank-rejects-appeal-courtamprsquos-suspension-of-injunction-against-seplat-approaches-supreme-court Access Bank has expressed its displeasure over the ruling by the Court of Appeal which lifted the Mareva injunction against Seplat Petroleum. Legal All that glitters: A look into illicit gold networks News Aggregation Team Monday, January 18, 2021 12:00 am http://africabankers.net/article/30006/all-that-glitters-a-look-into-illicit-gold-networks A fresh investigation sparked at the start of this year may also reveal whether a smuggling syndicate possibly operating from Madagascar has been using the country as a conduit. Legal Evidence that banks sell repossessed houses for cents in the rand News Aggregation Team Monday, January 18, 2021 12:00 am http://africabankers.net/article/30008/evidence-that-banks-sell-repossessed-houses-for-cents-in-the-rand According to an affidavit filed in support of the R60bn class action suit by dispossessed homeowners against major banks. Legal Standard Bank Group establishes Africa's first Hedera network node to enable much-needed digitisation of cross-border trade processes News Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30374/standard-bank-group-establishes-africaamp039s-first-hedera-network-node-to-enable-much-needed-digitisation-of-cross-border-trade-processes Stablecoins are designed to minimise price volatility by pegging the currency to a relative or particular "stable" asset or basket of assets. FinTech Time for a digital scale-up in Africa to unlock the continent’s untapped creative economies, panelists say News Aggregation Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30366/time-for-a-digital-scale-up-in-africa-to-unlock-the-continentamprsquos-untapped-creative-economies-panelists-say The dialogue was held against the backdrop of the recent coming into force of the African Continental Free Trade Agreement (AfCFTA). 2021 is also the African Union’s year of arts, culture and heritage. FinTech South African bank challenger Tyme to launch in Asia News Aggregation Team Wednesday, February 24, 2021 12:00 am http://africabankers.net/article/30355/south-african-bank-challenger-tyme-to-launch-in-asia Lender launched by billionaire Patrice Motsepe will set up in the Philippines as part of deal FinTech Iress integrates TP ICAP Fusion RFQ into trading platform News Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30336/iress-integrates-tp-icap-fusion-rfq-into-trading-platform The increase in flows from the Iress trading community means that TP ICAP clients will have access to a larger pool of liquidity. FinTech What can Mena learn from the African experience in fintech? News Aggregation Team Sunday, February 21, 2021 12:00 am http://africabankers.net/article/30314/what-can-mena-learn-from-the-african-experience-in-fintech With game changing digital innovations entering the fray in recent years, it has become possible for such nations to leapfrog several generations in technology. FinTech Kenya Is Becoming a Global Hub of FinTech Innovation News Aggregation Team Friday, February 19, 2021 12:00 am http://africabankers.net/article/30305/kenya-is-becoming-a-global-hub-of-fintech-innovation The development of modern FinTech stretches back further than a few decades FinTech Priority Activator Consulting Kenya and BankBI collaborate on expanding data-driven analytics solutions News Aggregation Team Thursday, February 18, 2021 12:00 am http://africabankers.net/article/30287/priority-activator-consulting-kenya-and-bankbi-collaborate-on-expanding-data-driven-analytics-solutions The BankBI platform enables Kenyan financial leaders to better manage their overall financial performance by linking data from internal technology platforms and translating the data into insights that can reduce costs and drive profitability. FinTech New ACH goes live in Zimbabwe News Team Thursday, February 18, 2021 12:00 am http://africabankers.net/article/30288/new-ach-goes-live-in-zimbabwe Owned and operated by Zimswitch under the brand name ZEEPAY this system initially introduces a highly efficient, highly secure batch-based credit push payment clearing and settlement stream. FinTech Xero and Nedbank’s plan to save small businesses time and money News Aggregation Team Thursday, February 18, 2021 12:00 am http://africabankers.net/article/30293/xero-and-nedbankamprsquos-plan-to-save-small-businesses-time-and-money The direct link between bank accounts and accounting software is already proving popular. FinTech SA banks see new opportunities in virtual, augmented reality News Aggregation Team Thursday, February 18, 2021 12:00 am http://africabankers.net/article/30301/sa-banks-see-new-opportunities-in-virtual-augmented-reality Absa partnered with Snapchat to introduce an augmented reality game on the multimedia messaging app. FinTech EAC pushes to align regional bank with bloc's structure News Aggregation Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30369/eac-pushes-to-align-regional-bank-with-blocamp039s-structure The group was made up of experts from finance ministries, attorney-generals’ chambers, central banks, the EADB itself and ministries responsible for EAC Affairs. Retail Banking Ecobank Nigeria’s bond sale shows African corporate debt markets open for business News Aggregation Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30378/ecobank-nigeriaamprsquos-bond-sale-shows-african-corporate-debt-markets-open-for-business Ecobank Nigeria is the largest single-country operation of the Ecobank Group, which operates in 33 African countries. Retail Banking Standard Bank Group establishes Africa’s first Hedera network node News Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30357/standard-bank-group-establishes-africaamprsquos-first-hedera-network-node Standard Bank Group has been a pioneer in leveraging blockchain and distributed ledger technologies to bring speed and transparency to its large and growing customer base across Africa. Retail Banking Access Bank’s N10m for accelerator News Aggregation Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30358/access-bankamprsquos-n10m-for-accelerator This initiative would have a direct impact into the economy because it is targeted at the medium scale businesses and these are the businesses that can change economies in terms of reducing employment rate and socioeconomic levels.” Retail Banking Time for a digital scale-up in Africa to unlock the continent’s untapped creative economies, panelists say News Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30359/time-for-a-digital-scale-up-in-africa-to-unlock-the-continentamprsquos-untapped-creative-economies-panelists-say The Africa Investment Forum was working to promote content deals as well as digital infrastructure projects to advance creative industries, including support to smaller players Retail Banking FNB voted Africa’s Most Valuable Bank Brand for a second year News Aggregation Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30361/fnb-voted-africaamprsquos-most-valuable-bank-brand-for-a-second-year In the last year our brand pushed boundaries in adding value to customers’ lives in a time of uncertainty Retail Banking Discovery Bank reports ‘pleasing progress’ in difficult trading period News Aggregation Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30364/discovery-bank-reports-amplsquopleasing-progressamprsquo-in-difficult-trading-period Following early teething problems, the group said that the IT systems are managing the growing customer and transactional volumes well and proved very stable over the 2020 year-end period, maintaining a systems uptime of >99.9%. Retail Banking Stanbic IBTC Offers Low-Interest Agric Loans News Aggregation Team Wednesday, February 24, 2021 12:00 am http://africabankers.net/article/30352/stanbic-ibtc-offers-low-interest-agric-loans Oshin noted that agricultural enterprises could access overdraft to finance their short-term cash flow and working capital needs. Retail Banking FNB recognised as Africa’s Most Valuable Bank Brand second year in a row News Aggregation Team Wednesday, February 24, 2021 12:00 am http://africabankers.net/article/30354/fnb-recognised-as-africaamprsquos-most-valuable-bank-brand-second-year-in-a-row The top-performing SA brand in the 2021 Brand Finance Banking 500 ranking Retail Banking Banks cut deposit rates to eight-year low News Aggregation Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30332/banks-cut-deposit-rates-to-eight-year-low The falling returns on savings is a blow to high net worth investors and cash-rich firms who last year opted to hold onto cash, leading to a pile-up in bank accounts. Retail Banking United Capital Grows Profit by 61% to N7.9bn, to Pay N4.2bn Dividend News Aggregation Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30341/united-capital-grows-profit-by-61-to-n79bn-to-pay-n42bn-dividend United Capital Plc’s total assets grew by 48 per cent to N224.75 billion in 2020 from N150.46 billion in 2019 Investment Banking Standard Bank gets more time to buy Stanbic shares News Aggregation Team Friday, February 19, 2021 12:00 am http://africabankers.net/article/30304/standard-bank-gets-more-time-to-buy-stanbic-shares It is targeting to grow its holding to 75 percent and has received regulatory exemption from making a full takeover offer to Stanbic Holdings’ minority investors. Investment Banking Standard Bank gets more time to buy Stanbic shares News Aggregation Team Friday, February 19, 2021 12:00 am http://africabankers.net/article/30311/standard-bank-gets-more-time-to-buy-stanbic-shares Standard Bank has been buying the shares in the open market through its investment vehicle Stanbic Africa Holdings Limited. Investment Banking Standard Bank scoops award at SME Bank Of the Year Awards 2020 News Aggregation Team Thursday, February 18, 2021 12:00 am http://africabankers.net/article/30300/standard-bank-scoops-award-at-sme-bank-of-the-year-awards-2020 Standard Bank has received global recognition for its efforts in assisting SME clients in SA Investment Banking S.A’s Standard Bank eyes higher share in Angolan branch News Aggregation Team Wednesday, February 17, 2021 12:00 am http://africabankers.net/article/30285/saamprsquos-standard-bank-eyes-higher-share-in-angolan-branch Standard Bank is targeting a country that is ranked among the six African states Investment Banking JPMorgan gives another endorsement on local banks’ prospects News Aggregation Team Friday, January 29, 2021 12:00 am http://africabankers.net/article/30120/jpmorgan-gives-another-endorsement-on-local-banksamprsquo-prospects US investment bank says current valuations are attractive relative to regional and emerging market peers Investment Banking African Development Bank, European Investment Bank sign Joint Partnership Action Plan to fast-track development in Africa News Team Thursday, January 21, 2021 12:00 am http://africabankers.net/article/30044/african-development-bank-european-investment-bank-sign-joint-partnership-action-plan-to-fast-track-development-in-africa The Joint Action Plan was developed following an EIB delegation meeting with the African Development Bank in February 2020 Investment Banking Mauritius and Morocco join African Development Bank (AfDB/AFMISM) Bloomberg® bond index News Team Tuesday, January 19, 2021 12:00 am http://africabankers.net/article/30019/mauritius-and-morocco-join-african-development-bank-afdbafmism-bloombergampreg-bond-index The African Development Bank administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg Investment Banking Investment banking fees earned in Sub-Saharan Africa hits a six-year low of $523.7 million in 2020 News Aggregation Team Thursday, January 14, 2021 12:00 am http://africabankers.net/article/29988/investment-banking-fees-earned-in-sub-saharan-africa-hits-a-six-year-low-of-5237-million-in-2020 The report stated that the energy and power sector generated the highest investment banking fees for the aforementioned period. Investment Banking Sahel region: the African Development Bank pledges to mobilise $6.5 Billion in support of the Great Green Wall Initiative News Team Monday, January 11, 2021 12:00 am http://africabankers.net/article/29943/sahel-region-the-african-development-bank-pledges-to-mobilise-65-billion-in-support-of-the-great-green-wall-initiative The Great Green Wall’s plan is to plant an 8,000 km long and 15 km wide mosaic of trees, grasslands, vegetation and plants across the Sahara and Sahel Investment Banking Old Mutual SuperFund on COVID and ESG News Aggregation Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30372/old-mutual-superfund-on-covid-and-esg Old Mutual SuperFund offers a range of pooled investment options to cater for the varying risk profiles and philosophies of participating employers and members, and allocations span active and passive strategies. Alternative Investments Mining Billionaire Patrice Motsepe Launches Manifesto To Run African Soccer News Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30373/mining-billionaire-patrice-motsepe-launches-manifesto-to-run-african-soccer For the first time, a media-shy Motsepe expanded on his vision for African soccer’s future and articulated the potential policies Alternative Investments Free trade pact between Mauritius and India: a strategic opportunity to explore new horizons News Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30377/free-trade-pact-between-mauritius-and-india-a-strategic-opportunity-to-explore-new-horizons Now that it is signed, it is a pivotal milestone in the long-standing relationship between the two countries as it is the very first trade agreement that India has signed with any country in Africa. Alternative Investments FBNInsurance, Firm Launch Health Insurance Product News Aggregation Team Wednesday, February 24, 2021 12:00 am http://africabankers.net/article/30346/fbninsurance-firm-launch-health-insurance-product FBNInsurance, said it wish to ride on its leadership position in Nigerian Life insurance market to deliver products that would help its customers enjoy the peace of mind that comes from managing the risks of everyday life through the introduction of a hea Alternative Investments Remittances hit record high of Sh30.5 billion for January News Aggregation Team Wednesday, February 24, 2021 12:00 am http://africabankers.net/article/30348/remittances-hit-record-high-of-sh305-billion-for-january CBK Governor Patrick Njoroge said last month that the continued growth of remittances has been driven by financial innovations that have opened up more convenient channels for transactions. Alternative Investments Standard Chartered introduces COVID-19 support for entrepreneurs News Aggregation Team Wednesday, February 24, 2021 12:00 am http://africabankers.net/article/30351/standard-chartered-introduces-covid-19-support-for-entrepreneurs Speaking on the project, the Head of Corporate Affairs, Brand and Marketing, Standard Chartered Bank Nigeria, Dayo Aderugbo, said, “It is with great pleasure that we launch the Youth Business International initiative in Nigeria today in collaboratio Alternative Investments Kenya plans debt fund to avoid biting cash crunch News Aggregation Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30331/kenya-plans-debt-fund-to-avoid-biting-cash-crunch Regulation 206 (1) of the Public Finance Management (PFM) Regulations 2015 allows Treasury secretary Ukur Yatani to create a “ Sinking Fund” for redemption of loans and government securities. Alternative Investments TymeBank gets R1.6 billion in foreign investment as it nears 3 million customers News Aggregation Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30338/tymebank-gets-r16-billion-in-foreign-investment-as-it-nears-3-million-customers Of the total investment of R1.6 billion, some R500 million has already been invested. Alternative Investments Growing Digital Divide in the Workplace is Forcing Employers to Rethink the Ways They Communicate with Employees News Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30344/growing-digital-divide-in-the-workplace-is-forcing-employers-to-rethink-the-ways-they-communicate-with-employees Due to COVID-19 precautions, many employers continue to limit or prohibit in-person workplace interactions among non-essential workers. Alternative Investments Why credit risk remains key concern in Kenyan markets News Aggregation Team Monday, February 22, 2021 12:00 am http://africabankers.net/article/30321/why-credit-risk-remains-key-concern-in-kenyan-markets These two particular hotels and many others had one thing in common; they were subject to a credit event. Alternative Investments How to transfer your retirement fund out of South Africa in 2021 and beyond News Aggregation Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30375/how-to-transfer-your-retirement-fund-out-of-south-africa-in-2021-and-beyond Now, the government needs another way to determine whether a person has emigrated before they’re granted access to their retirement funds. Comment, Analysis & Research More FDIs forecast for Africa in 2021 News Aggregation Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30356/more-fdis-forecast-for-africa-in-2021 Just last month, the CDC Group, the UK’s impact investor and development finance institution, announced a commitment to invest over $1 billion in African businesses by the end of 2021. Comment, Analysis & Research Kenya: 912 Wiped Out From the List of Dollar Millionaires in 2020 - Report News Aggregation Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30360/kenya-912-wiped-out-from-the-list-of-dollar-millionaires-in-2020-report "Perhaps size and model predict that in the next five years Kenya's HNWI population will bounce back by 46 percent," said Shirley. Comment, Analysis & Research Investors are failing African entrepreneurs — it’s time for a change News Aggregation Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30362/investors-are-failing-african-entrepreneurs-ampmdash-itamprsquos-time-for-a-change The energy sector will be critical for Africa’s post-COVID economic recovery and will be one of the most attractive investment sectors in 2021. Comment, Analysis & Research Kenya’s debt bigger than reported News Aggregation Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30333/kenyaamprsquos-debt-bigger-than-reported Taxpayers are already paying commitment fees accruing from these undisbursed loans, which is whispered to be totalling Sh2 billion. Comment, Analysis & Research Two faces of Covid-19 impact News Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30335/two-faces-of-covid-19-impact Measuring the pandemic’s impact on social values, emotions and priorities in 24 countries Comment, Analysis & Research Study shows surprising increase in wealth in South Africa News Aggregation Team Monday, February 22, 2021 12:00 am http://africabankers.net/article/30325/study-shows-surprising-increase-in-wealth-in-south-africa The increase in household net wealth was even more spectacular when measured in nominal terms (current prices). Comment, Analysis & Research The growth culture attributes for companies at the top of their game News Aggregation Team Sunday, February 21, 2021 12:00 am http://africabankers.net/article/30317/the-growth-culture-attributes-for-companies-at-the-top-of-their-game Another attribute of companies with a growth culture is that they have a strong mentoring and coaching programme. Comment, Analysis & Research NSE joins global push for more women on boards News Aggregation Team Thursday, February 18, 2021 12:00 am http://africabankers.net/article/30299/nse-joins-global-push-for-more-women-on-boards The firm that runs the Nairobi bourse will seek to increase its female directors to five from the current three on its 11-member board over the next year. Comment, Analysis & Research Treasury, IMF differ on economic growth status News Aggregation Team Wednesday, February 17, 2021 12:00 am http://africabankers.net/article/30276/treasury-imf-differ-on-economic-growth-status CS Yatani said the revision also took into account updated figures from the World Economic Outlook by the IMF in January. Comment, Analysis & Research South Africa sets up high net worth tax unit News Aggregation Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30368/south-africa-sets-up-high-net-worth-tax-unit It ‘mirrors similar initiatives in US and a number of European territories’ Tax Government investigating wealth tax for South Africa – what to expect News Aggregation Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30371/government-investigating-wealth-tax-for-south-africa-ampndash-what-to-expect Government has not given clear guidance on who would be subject to a wealth tax, and the criteria for selection of these persons. Tax Retirement tax changes planned for South African expats News Aggregation Team Thursday, February 25, 2021 12:00 am http://africabankers.net/article/30363/retirement-tax-changes-planned-for-south-african-expats To overcome this, Treasury intends to tax a retirement fund member when they no longer qualify as a South African tax resident, Keswell said. Tax Fix the tax tribunal’s flaws News Aggregation Team Wednesday, February 24, 2021 12:00 am http://africabankers.net/article/30347/fix-the-tax-tribunalamprsquos-flaws It is high time the Treasury, which appoints members of the tribunal, found ways of fixing the inefficiencies at the judicial body and abuse of its processes by some taxpayers. Tax Treasury tax deal to unlock Sh133bn from stalled cases News Aggregation Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30330/treasury-tax-deal-to-unlock-sh133bn-from-stalled-cases KRA Commissioner-General Githii Mburu last year told Parliament that the agency had witnessed a surge in taxpayers challenging notices for unpaid taxes at the TAT. Tax COVID-19 and regulatory uncertainty spur greater tax risk for organizations in 2021 and beyond, EY survey finds News Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30339/covid-19-and-regulatory-uncertainty-spur-greater-tax-risk-for-organizations-in-2021-and-beyond-ey-survey-finds Survey respondents say they anticipate a far more diverse tax risk environment spanning everything from scrutiny of routine business activity, to major, billion-dollar settlements in court. Tax Further evidence that South Africans are trying to get their money out the country News Aggregation Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30340/further-evidence-that-south-africans-are-trying-to-get-their-money-out-the-country The tax statistics for 2020 show that there are 4,337,923 individual taxpayers in South Africa. Tax Is a corporate excess profits tax on the cards? News Aggregation Team Monday, February 22, 2021 12:00 am http://africabankers.net/article/30318/is-a-corporate-excess-profits-tax-on-the-cards Rather than increase taxes for citizens – who have reached their taxation ceiling – an unprecedented solution may be in order. Tax Consulting freeze to ‘restore pride’ in KPMG auditing News Aggregation Team Sunday, February 21, 2021 12:00 am http://africabankers.net/article/30315/consulting-freeze-to-amplsquorestore-prideamprsquo-in-kpmg-auditing Decision gets stamp of approval of Corruption Watch’s David Lewis, wo urges other audit firms to follow KPMG’s lead Tax South African High Earners’ Exodus May Limit Room for Tax Hikes News Aggregation Team Sunday, February 21, 2021 12:00 am http://africabankers.net/article/30316/south-african-high-earnersamprsquo-exodus-may-limit-room-for-tax-hikes The small tax base is a symptom of South Africa’s extreme inequality, a legacy of the apartheid system of racial discrimination that disadvantaged the Black majority and ended in 1994. Tax Mauritius: JICA provides $289 million support to fight COVID-19 under initiative with African Development Bank News Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30370/mauritius-jica-provides-289-million-support-to-fight-covid-19-under-initiative-with-african-development-bank The loan is a parallel co-financing agreement between JICA and the African Development Bank under the Enhanced Private Sector Assistance for Africa joint initiative to spur private Regulation,Tax & Compliance BoG launches Sandbox pilot News Aggregation Team Friday, February 26, 2021 12:00 am http://africabankers.net/article/30376/bog-launches-sandbox-pilot The bank and the innovator are able to assess the usefulness, viability and safety of innovations through shared understanding of their respective interests. Regulation,Tax & Compliance Will South Africa pass a wealth tax to cover the covid bill? News Aggregation Team Wednesday, February 24, 2021 12:00 am http://africabankers.net/article/30345/will-south-africa-pass-a-wealth-tax-to-cover-the-covid-bill HNWs already ‘fed up’ with current taxation system and ‘leaving the country in droves’ Regulation,Tax & Compliance CBN, SEC anchor cryptocurrency ban on financial system protection News Aggregation Team Wednesday, February 24, 2021 12:00 am http://africabankers.net/article/30350/cbn-sec-anchor-cryptocurrency-ban-on-financial-system-protection Prior to the CBN directive, he said, the SEC had in 2017 cautioned the public on the risks involved in investing in digital and cryptocurrency. Regulation,Tax & Compliance Analysing Financial Accountability Trends at FMBN News Aggregation Team Wednesday, February 24, 2021 12:00 am http://africabankers.net/article/30353/analysing-financial-accountability-trends-at-fmbn The perennial breach of financial rules, which are designed to foster public trust in the handling of public funds, by government agencies is a serious and worrisome practice that deserves concerted efforts by all relevant stakeholders to tackle. Regulation,Tax & Compliance CRB freeze halves digital lenders Sh2bn monthly loans News Aggregation Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30334/crb-freeze-halves-digital-lenders-sh2bn-monthly-loans The association said an estimated six million customers borrow an average of Sh4,000 for a period of 30 days. Regulation,Tax & Compliance $2,350 set as minimum for banks to seek more client info in Seychelles News Aggregation Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30337/2350-set-as-minimum-for-banks-to-seek-more-client-info-in-seychelles From there, we have met with commercial banks to look at the issue. Regulation,Tax & Compliance SEC urges mentoring to sustain sound banking News Aggregation Team Monday, February 22, 2021 12:00 am http://africabankers.net/article/30319/sec-urges-mentoring-to-sustain-sound-banking The SEC boss stated that to be a successful professional, one must be ambitious, willing to go the extra mile, try to be a value enhancer and must be outstanding. Regulation,Tax & Compliance Sudan Central Bank Devalues the Currency to Revive Economy News Aggregation Team Monday, February 22, 2021 12:00 am http://africabankers.net/article/30328/sudan-central-bank-devalues-the-currency-to-revive-economy The move essentially aims to stamp out a black market and control currency volatility in a nation with a foreign debt load of around $60 billion. Regulation,Tax & Compliance 2020 might not be a good time to launch a state bank News Aggregation Team Monday, February 22, 2021 12:00 am http://africabankers.net/article/30329/2020-might-not-be-a-good-time-to-launch-a-state-bank In 2019, Parliament passed legislation allowing state businesses to apply for banking licenses. Regulation,Tax & Compliance Old Mutual buys majority stake in solar project News Aggregation Team Tuesday, February 23, 2021 12:00 am http://africabankers.net/article/30343/old-mutual-buys-majority-stake-in-solar-project The acquisition forms part of a joint transaction with Sturdee Energy Namibia, which has acquired a minority stake in the plant. ESG Providing Timely ESG Information Is Becoming More Crucial for CFOs News Aggregation Team Tuesday, February 09, 2021 12:00 am http://africabankers.net/article/30199/providing-timely-esg-information-is-becoming-more-crucial-for-cfos Analysts and investors rely on data when evaluating a company’s outlook, creditworthiness ESG South Africa: DBSA launches green bond for climate projects News Aggregation Team Tuesday, February 09, 2021 12:00 am http://africabankers.net/article/30203/south-africa-dbsa-launches-green-bond-for-climate-projects The South African bank also intends to use this mechanism to increase its climate finance tenfold. ESG West African Development Bank issues first sustainability bond News Aggregation Team Tuesday, February 09, 2021 12:00 am http://africabankers.net/article/30206/west-african-development-bank-issues-first-sustainability-bond The issue is part of a “Sustainability Bond Framework”, calling on BOAD to finance projects with a high social and environmental impact. ESG African Development Bank assists West African countries to deliver carbon emission reductions and meet their Paris Agreement commitments News Team Tuesday, February 09, 2021 12:00 am http://africabankers.net/article/30208/african-development-bank-assists-west-african-countries-to-deliver-carbon-emission-reductions-and-meet-their-paris-agreement-commitments The Bank will underwrite the preparation of concept notes exploring the use of internationally transferable mitigation outcomes (ITMOs) in selected West African countries ESG Privatisation, green financing key to vibrant capital markets News Aggregation Team Monday, February 01, 2021 12:00 am http://africabankers.net/article/30132/privatisation-green-financing-key-to-vibrant-capital-markets As the largest player in the bond market, and as a major shareholder in some of the largest listed firms, the government has an instrumental role to play in bolstering the attractiveness of our markets. ESG Walkers Advises Again On Receivables Financing For Off-Grid Solar Energy Project in Kenya News Team Tuesday, January 26, 2021 12:00 am http://africabankers.net/article/30090/walkers-advises-again-on-receivables-financing-for-off-grid-solar-energy-project-in-kenya Due to the success of the structure, Norfund the Norwegian Investment Fund for Developing Countries have agreed to become a co-senior lender and to provide BLK1 with USD 15 million of additional senior debt which will enable the expansion of the receivabl ESG Better use of energy taxes could strengthen developing country finances while cutting pollution News Team Tuesday, January 26, 2021 12:00 am http://africabankers.net/article/30092/better-use-of-energy-taxes-could-strengthen-developing-country-finances-while-cutting-pollution The OECD will publish Effective Carbon Rates 2021 ESG Dealing with the effects of climate change through climate adaptation News Team Monday, January 25, 2021 12:00 am http://africabankers.net/article/30076/dealing-with-the-effects-of-climate-change-through-climate-adaptation EBRD joins call for more reporting of climate risk ESG Renewable energy critical driver of Africa’s post-COVID-19 growth recovery and economic prosperity News Team Thursday, January 21, 2021 12:00 am http://africabankers.net/article/30050/renewable-energy-critical-driver-of-africaamprsquos-post-covid-19-growth-recovery-and-economic-prosperity The panel covered discussion of British innovation and experience in the context of partnering with Africa to advance its economic development ESG Workplace Stress During COVID-19: 5 Ways to Support Your Employees’ Mental Well-being News Team Tuesday, January 26, 2021 12:00 am http://africabankers.net/article/30091/workplace-stress-during-covid-19-5-ways-to-support-your-employeesamprsquo-mental-well-being Taking care of your mental well-being is essential to staying healthy, staying resilient and moving your business forward. Covid-19 Rand continues to slide over fears of Covid-19 variant and tougher lockdown restrictions for South Africa News Aggregation Team Friday, January 08, 2021 12:00 am http://africabankers.net/article/29927/rand-continues-to-slide-over-fears-of-covid-19-variant-and-tougher-lockdown-restrictions-for-south-africa The country has only recently secured a deal to receive its first coranavirus vaccines, but barely enough for the country’s 1.25 million health workers. Covid-19 Africa’s billionaires – from Motsepe to Dangote – fight to stamp out Covid-19 News Aggregation Team Thursday, January 07, 2021 12:00 am http://africabankers.net/article/29912/africaamprsquos-billionaires-ampndash-from-motsepe-to-dangote-ampndash-fight-to-stamp-out-covid-19 Governments are leading the Covid-19 response, but the continent’s richest citizens are contributing their part to the team effort, sometimes even getting ahead of public sector initiatives. Covid-19 Corona still a threat to Kenya's economy - Oigara News Aggregation Team Tuesday, January 05, 2021 12:00 am http://africabankers.net/article/29871/corona-still-a-threat-to-kenyaamp039s-economy-oigara He is, however,confident that social-economic resilience exhibited in 2020 will give the country strength to businesses. Covid-19 Govt Mulls Inclusion of Covid-19 Tests Into Health Insurance Schemes News Aggregation Team Monday, January 04, 2021 12:00 am http://africabankers.net/article/29853/govt-mulls-inclusion-of-covid-19-tests-into-health-insurance-schemes In recent weeks, the Ministry of Health (MoH) has been putting in more effort to improve citizens' access to the testing services. Covid-19 Ten Ways Covid-19 Has Changed the World Economy Forever News Aggregation Team Wednesday, December 30, 2020 12:00 am http://africabankers.net/article/29832/ten-ways-covid-19-has-changed-the-world-economy-forever Big government staged a comeback as the social contract between society and the state got rewritten on the fly. Covid-19 SA records more than a million cumulative cases of Covid-19 News Aggregation Team Monday, December 28, 2020 12:00 am http://africabankers.net/article/29801/sa-records-more-than-a-million-cumulative-cases-of-covid-19 "Our recoveries currently stand at 844,874. This represents a recovery rate of 84,1%." Covid-19 Africa needs about $9 billion for COVID-19 vaccines, access is big problem -Afreximbank News Aggregation Team Thursday, December 24, 2020 12:00 am http://africabankers.net/article/29785/africa-needs-about-9-billion-for-covid-19-vaccines-access-is-big-problem-afreximbank Afreximbank estimates that Africa will need to spend about $5.8 billion on purchasing vaccines and about $3.3 billion to deliver them to reach the target of vaccinating at least 60% of 1.3 billion Africans beginning in 2021. Covid-19 How Covid-19 changed online trading and what 2021 has in store News Aggregation Team Sunday, December 13, 2020 12:00 am http://africabankers.net/article/29647/how-covid-19-changed-online-trading-and-what-2021-has-in-store We will continue to see those from diverse backgrounds becoming interested in short term speculating and long-term investing. Covid-19 Covid-19: CDC cautions Americans against travelling to East Africa News Aggregation Team Friday, December 04, 2020 12:00 am http://africabankers.net/article/29535/covid-19-cdc-cautions-americans-against-travelling-to-east-africa “Travel may increase your chance of getting and spreading Covid-19,” the CDC said in a statement on its website. Covid-19