Managers of Wealth - Africa http://africabankers.net/ Sun, 15 Sep 2019 15:41:11 BST part of MediaG8way Group http://africabankers.net/ http://africabankers.net/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Wealth Inequality: Africa’s 3 Richest Billionaires Hold 50% Africa’s Wealth News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24105/wealth-inequality-africaamprsquos-3-richest-billionaires-hold-50-africaamprsquos-wealth There are 20 billionaires in Africa, living alongside 413 million people in extreme poverty. Wealth and Asset Management Evolution of wealth management with increasing use of fintech touchpoints News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24062/evolution-of-wealth-management-with-increasing-use-of-fintech-touchpoints Fintech and human expertise knit together as a hybrid model for wealth management. Wealth and Asset Management Sanlam forecasts recovery after tough first half News Aggregation Team Friday, September 06, 2019 1:00 am http://africabankers.net/article/24031/sanlam-forecasts-recovery-after-tough-first-half The performance was fairly broad based driven by solid organic growth Wealth and Asset Management Towards a new horizon in global client relationship management Sunday, September 01, 2019 1:00 am http://africabankers.net/article/23957/towards-a-new-horizon-in-global-client-relationship-management Companies, investors and families are branching out, both into new geographies and new areas of activity. Wealth and Asset Management Mauritius Commercial Bank opens an office in Dubai News Aggregation Team Sunday, August 25, 2019 1:00 am http://africabankers.net/article/23873/mauritius-commercial-bank-opens-an-office-in-dubai In his new capacity, Graewert will be working closely with MCB’s senior management team and strategic business units based in Port Louis, Mauritius. Wealth and Asset Management Sanlam books Sh639m profit after shock loss News Aggregation Team Thursday, August 22, 2019 1:00 am http://africabankers.net/article/23849/sanlam-books-sh639m-profit-after-shock-loss Last year Sanlam took a beating when it wrote off bonds owed by Kaluworks (Sh169 million), Sh574 million by Athi River Mining (ARM) Cement, and Sh398 million by Real People Kenya. Wealth and Asset Management Guernsey Finance targets South Africa private wealth Tuesday, August 13, 2019 1:00 am http://africabankers.net/article/23713/guernsey-finance-targets-south-africa-private-wealth Guernsey is keen to grow its presence in the region, and Mr Crawford believes the country offers opportunities for the island. Wealth and Asset Management StanChart first-half profit rises 3%, beats forecasts Thursday, August 01, 2019 1:00 am http://africabankers.net/article/23565/stanchart-first-half-profit-rises-3-beats-forecasts The latest profit compared with the $2.23 billion average of 11 analyst estimates compiled by Standard Chartered. Wealth and Asset Management Sanlam Investments selects Sustainalytics’ ESG research and ratings Tuesday, July 30, 2019 1:00 am http://africabankers.net/article/23532/sanlam-investments-selects-sustainalyticsamprsquo-esg-research-and-ratings As part of Sanlam Investment’s investment philosophy, sustainability is embedded as a core process, resulting in more insightful research and a better understanding of the potential for companies to deliver sustainable cash flows into the future. Wealth and Asset Management Biggest Givers: Nigeria’s Leading Philanthropists News Aggregation Team Friday, July 26, 2019 1:00 am http://africabankers.net/article/23492/biggest-givers-nigeriaamprsquos-leading-philanthropists Philanthropy or charitable giving is currently at an exciting stage of development in Nigeria. Wealth and Asset Management Stephenson harwood recruits MEA partner from Winston & Strawn News Team Sunday, September 08, 2019 1:00 am http://africabankers.net/article/24042/stephenson-harwood-recruits-mea-partner-from-winston-ampamp-strawn Sharratt's practice focusses primarily on international arbitration, on which he advises clients across jurisdictions in the Middle East, Europe and Africa Executive Moves Goldman Sachs tech head to step down News Aggregation Team Friday, September 06, 2019 1:00 am http://africabankers.net/article/24032/goldman-sachs-tech-head-to-step-down Goldman has also announced the departure of its chief financial officer, Marty Chavez, who preceded Wiesel as technology chief. Executive Moves Airtel Africa appoints new director for East Africa News Aggregation Team Thursday, September 05, 2019 1:00 am http://africabankers.net/article/24009/airtel-africa-appoints-new-director-for-east-africa Airtel Africa CEO Raghunath Mandava said Mr Ferrao will take charge of Kenya, Uganda, Tanzania, Malawi, Zambia and Rwanda. Executive Moves Intrigues in NBK C-suite as new boss hired to drive transition after buyout News Aggregation Team Thursday, September 05, 2019 1:00 am http://africabankers.net/article/24016/intrigues-in-nbk-c-suite-as-new-boss-hired-to-drive-transition-after-buyout He joined NBK in September 2015 as the director responsible for retail and premium banking before being appointed managing director in April, 2016 following the controversial exit of Munir Ahmed Executive Moves Columbia Threadneedle EMEA investment chief to step down News Aggregation Team Wednesday, September 04, 2019 1:00 am http://africabankers.net/article/23993/columbia-threadneedle-emea-investment-chief-to-step-down Global head of equities, William Davies, will replace Mark Burgess as EMEA CIO at Columbia Threadneedle later this month. Executive Moves African Development Bank Group appoints Chinelo Anohu to head Africa Investment Forum News Aggregation Team Wednesday, September 04, 2019 1:00 am http://africabankers.net/article/23996/african-development-bank-group-appoints-chinelo-anohu-to-head-africa-investment-forum She also has expertise in the development of innovative asset classes, spanning pension funds, sovereign wealth funds, private equity and private family wealth funds. Executive Moves Pension to be largest sector in Uganda News Aggregation Team Wednesday, September 04, 2019 1:00 am http://africabankers.net/article/23999/pension-to-be-largest-sector-in-uganda In 2018, sector assets grew 26.1% from Shs9.2trillion in 2017 to Shs11.6trillion in 2018. Executive Moves Meet the head of Africa Investment Forum News Aggregation Team Wednesday, September 04, 2019 1:00 am http://africabankers.net/article/24002/meet-the-head-of-africa-investment-forum With a formidable track record in formulating investment strategies, Anohu brings extensive knowledge of institutional investment practice and experience in attracting new capital, expertise in the development of innovative asset classes, spanning pension Executive Moves Finastra strengthens team with new Head Tuesday, September 03, 2019 1:00 am http://africabankers.net/article/23981/finastra-strengthens-team-with-new-head Expanded role sees Khoury become SVP and General Manager for MEA and APAC Executive Moves Equity Bank appoints new Chief Operating Officer News Aggregation Team Tuesday, September 03, 2019 1:00 am http://africabankers.net/article/23986/equity-bank-appoints-new-chief-operating-officer The appointment is subject to approval by the Central Bank of Kenya. Executive Moves Clyde & Co wins Specialist Law Firm of the Year in Africa News Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24124/clyde-ampamp-co-wins-specialist-law-firm-of-the-year-in-africa Global law firm Clyde & Co was named 'Specialist Law Firm of the Year' at the African Legal Awards 2019 hosted in Johannesburg last week. Legal Six African nations sign up to post-Brexit UK trade deal News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24099/six-african-nations-sign-up-to-post-brexit-uk-trade-deal The UK is one of South Africa's largest trading partners, with bilateral trade valued at about $9.5 billion in 2018. Legal Dentons intends 5-way Africa expansion News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24109/dentons-intends-5-way-africa-expansion We are building a Pan-African law firm through whole firm combinations Legal Hundreds arrested US-Nigeria crackdown on cyber scams News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24086/hundreds-arrested-us-nigeria-crackdown-on-cyber-scams Along with 74 arrests in the United States, 167 people were arrested in Nigeria, 18 in Turkey and 15 in Ghana. Legal Tycoon Humphrey Kariuki's firm challenges order freezing its accounts News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24088/tycoon-humphrey-kariukiamp039s-firm-challenges-order-freezing-its-accounts The company accused the DPP of acting in bad faith and abusing the court process Legal Offshore Trusts: The basic considerations and recent amendments News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24098/offshore-trusts-the-basic-considerations-and-recent-amendments The increased transparency and the fact that information is more readily available will focus the attention of revenue authorities around the world on these structures. Legal Zambia Central Bank Opposes Removal of Lawmakers’ Debt Oversight News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24076/zambia-central-bank-opposes-removal-of-lawmakersamprsquo-debt-oversight The planned constitutional changes have drawn widespread criticism from opposition parties and non-governmental organizations, including the Law Association of Zambia. Legal Pensioners' showdown with state capture 'architect' News Aggregation Team Friday, September 06, 2019 1:00 am http://africabankers.net/article/24036/pensionersamp039-showdown-with-state-capture-amp039architectamp039 Regiments is the financial services company where Wood was a director before a fallout with his co-directors over the terms of his departure to Trillian, a successor company set up by Gupta lieutenant Salim Essa. Legal Old Mutual, Manuel directors’ delinquency lawsuit: Has Peter Moyo gone too far? News Aggregation Team Friday, August 30, 2019 1:00 am http://africabankers.net/article/23950/old-mutual-manuel-directorsamprsquo-delinquency-lawsuit-has-peter-moyo-gone-too-far The tussle between Moyo and the board has knocked the Old Mutual share price. Legal All-star Kenyan team and ENSafrica extending their reach across Africa Friday, August 30, 2019 1:00 am http://africabankers.net/article/23952/all-star-kenyan-team-and-ensafrica-extending-their-reach-across-africa This move will expand both firms’ offering in East Africa, across the continent itself, and will open up the Asia-pacific gateway giving clients a new level of service across Africa. Legal Accion Venture Lab launches new fund for fintech startups News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24119/accion-venture-lab-launches-new-fund-for-fintech-startups Accion Venture Lab has added $33m to its initial capital pool, with the launch of a new $23m fund and an additional, separate $10m investment from nonpofit Accion. FinTech Luno grows by a million users in a year and expands its offering News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24101/luno-grows-by-a-million-users-in-a-year-and-expands-its-offering South Africa is one of our strongest markets and appetite for cryptocurrency trades is still growing FinTech Kenyan banks leverage on mobile loans to grow profits News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24102/kenyan-banks-leverage-on-mobile-loans-to-grow-profits Mobile lending at Equity Bank, whose half-year profit stood at 116 million dollars, rose 41 percent, with 97 percent of the transactions conducted through mobile platforms and agents. FinTech Kuda, Nigeria’s First Digital Bank, Secures USD 1.6 Mn In Pre-Series A News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24093/kuda-nigeriaamprsquos-first-digital-bank-secures-usd-16-mn-in-pre-series-a Kuda, formerly known as Kudimoney, was founded in 2018. FinTech ‘Ecobank leveraging technology to expand financial inclusion’ News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24063/amplsquoecobank-leveraging-technology-to-expand-financial-inclusionamprsquo He stated that Ecobank had built an ecosystem that leverages digital technology to bring affordable, easy and convenient financial services to the people and businesses. FinTech Banks are desperate for tech skills – here’s how African Bank is solving the problem News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24070/banks-are-desperate-for-tech-skills-ampndash-hereamprsquos-how-african-bank-is-solving-the-problem The skills which are most in-demand are in security and data science, the bank said. FinTech Mpesa How Kenya Leaped The World In Mobile Payments News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24071/mpesa-how-kenya-leaped-the-world-in-mobile-payments Kenya’s mobile money transfer Mpesa is leading the way. FinTech Trading platform plans to list SMEs data with credit bureaus News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24075/trading-platform-plans-to-list-smes-data-with-credit-bureaus The move could adversely hurt suppliers servicing national and county government tenders who are still awaiting payments valued at Sh300 billion for goods delivered and service rendered in the last seven years. FinTech EcobankPay, Ecobank Xpresspoint agents leveraging technology to expand financial inclusion in Nigeria â MD News Aggregation Team Monday, September 09, 2019 1:00 am http://africabankers.net/article/24048/ecobankpay-ecobank-xpresspoint-agents-leveraging-technology-to-expand-financial-inclusion-in-nigeria-acirc-md He stated that Ecobank has built an ecosystem that leverages digital technology to bring affordable, easy and convenient financial services to the people and businesses. FinTech The Naspers dominance of the JSE will reduce this week. This will help ease the pain of SA fund managers News Aggregation Team Monday, September 09, 2019 1:00 am http://africabankers.net/article/24049/the-naspers-dominance-of-the-jse-will-reduce-this-week-this-will-help-ease-the-pain-of-sa-fund-managers The role Naspers plays in the widely tracked Shareholder Weighted TOP 40 Index, known as the Swix, is even more exaggerated, at about 25%. FinTech Mobile money payments rise on digital banking News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24117/mobile-money-payments-rise-on-digital-banking The change underlines the rising popularity of the mobile money in transactions where many banks, mobile lenders, savings and credit societies and merchants have also been linking up with the mobile banking services to improve their product offer. Retail Banking How StanChart helped TransCentury post profit News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24121/how-stanchart-helped-transcentury-post-profit The positive earnings were largely boosted by a Sh1.3 billion net gain resulting from the write-off of part of the StanChart loans. Retail Banking Co-op Bank set to launch five new branches News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24131/co-op-bank-set-to-launch-five-new-branches In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Retail Banking More (mostly rich) South Africans are now getting home loans – here’s why News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24100/more-mostly-rich-south-africans-are-now-getting-home-loans-ampndash-hereamprsquos-why Competition between mortgage lenders, and buyers less depressed about South Africa, helped push up the number of loans, though mostly at the higher-priced end of the market. Retail Banking Equity tipped to spend Sh17bn in DRC bank deal News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24108/equity-tipped-to-spend-sh17bn-in-drc-bank-deal SIB senior associate research analyst Martin Kirimi said given that BCDC is much stronger than ProCredit was at the time of its acquisition, the least amount of money Equity will part with is likely to be twice the net assets of the lender. Retail Banking UBA’s Resilience Boosts Profitability News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24112/ubaamprsquos-resilience-boosts-profitability I am pleased with the half year performance of the Group Retail Banking KCB taps into Japan market to expand portfolio in deal with giant SMBC News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24079/kcb-taps-into-japan-market-to-expand-portfolio-in-deal-with-giant-smbc KCB Bank works with several multinational companies in different industries such as motor vehicles, retail, household consumer products etc. Retail Banking Exclusive Interview: Sola David-Borha speaks on technological innovation at Standard Bank News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24080/exclusive-interview-sola-david-borha-speaks-on-technological-innovation-at-standard-bank Standard Bank is bringing fintech innovation into its fold through a variety of cutting edge investments. Retail Banking Access Bank Reaping Benefits of Merger, Says Afrinvest CEO News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24087/access-bank-reaping-benefits-of-merger-says-afrinvest-ceo The bank’s recorded improved performance in the half year(H1) ended June 30, 2019, as its audited results showed gross earnings of N324.4 billion, indicating a growth of 28 per cent from N253.0 billion in the corresponding period of 2018. Retail Banking Commercial Bank of Ethiopia Opens First Full-Fledged Interest Free Branch News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24067/commercial-bank-of-ethiopia-opens-first-full-fledged-interest-free-branch It is to be recalled that CBE earned over $612.46 million in profits in 2018/19, and has a deposit of $18.5 billion. Retail Banking African Development Bank wins prestigious procurement award News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24078/african-development-bank-wins-prestigious-procurement-award The Bank is the first multilateral development bank in the world to receive this recognition Investment Banking Barclays profit edges up 3pc to hit Sh3.9b News Aggregation Team Friday, August 30, 2019 1:00 am http://africabankers.net/article/23945/barclays-profit-edges-up-3pc-to-hit-sh39b We went through a bit of a storm. That is why we are pleased with these results Investment Banking Japan and African Development Bank announce $3.5 billion in support of Africa’s private sector development News Team Friday, August 30, 2019 1:00 am http://africabankers.net/article/23947/japan-and-african-development-bank-announce-35-billion-in-support-of-africaamprsquos-private-sector-development Both Japan and the Bank have set a target of $1.75 billion each, from 2020-2022, to enhance the fourth phase of EPSA to spur private-sector-led sustainable and inclusive growth in Africa. Investment Banking Standard Chartered records 5.3pc net profit in first half News Aggregation Team Tuesday, August 27, 2019 1:00 am http://africabankers.net/article/23897/standard-chartered-records-53pc-net-profit-in-first-half Standard Chartered Bank Kenya has recommended an interim dividend payment of 5 shillings per share. Investment Banking Who did better – bank execs or shareholders? News Aggregation Team Wednesday, August 21, 2019 1:00 am http://africabankers.net/article/23816/who-did-better-ampndash-bank-execs-or-shareholders Returns versus executive remuneration over the past decade. Investment Banking JP Morgan eyes Africa for growth News Aggregation Team Thursday, July 18, 2019 1:00 am http://africabankers.net/article/23387/jp-morgan-eyes-africa-for-growth “International investors are interested and more open to the African growth story than ever before.” Investment Banking Citigroup Disappointed by South Africa Investment as Deals Stall News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23280/citigroup-disappointed-by-south-africa-investment-as-deals-stall Bank is now sitting tight after expanding South African unit Investment Banking HSBC launches issuer services in the UAE and Egypt News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23285/hsbc-launches-issuer-services-in-the-uae-and-egypt In a statement, HSBC said that the addition of UAE and Egypt to the HSBC network brings the number of countries the business operates to 15. Investment Banking Barclays seeks to calm layoff fears News Aggregation Team Thursday, July 11, 2019 1:00 am http://africabankers.net/article/23300/barclays-seeks-to-calm-layoff-fears The announcement is likely to offer little relief to its employees as firms routinely face redundancy after mergers, buyouts or divestitures, since the whole point of the process is to achieve efficiency through cost cutting. Investment Banking Standard Chartered launches digital banks and social banking solution in Africa News Aggregation Team Tuesday, July 09, 2019 1:00 am http://africabankers.net/article/23231/standard-chartered-launches-digital-banks-and-social-banking-solution-in-africa “The growing population of Africa is demanding faster and more convenient banking and it has been very rewarding to witness increased acceptance and growing demand for our digital products across the continent. Investment Banking Billionaire Patrice Motsepe’s investment business falls short of targets News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24130/billionaire-patrice-motsepeamprsquos-investment-business-falls-short-of-targets Whilst this is significantly below the medium to long-term expectation of 16% per annum, it reflects the current economic environment. Alternative Investments Kenya’s Equity Bank expansion in DRC may trigger more foreign interest News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24104/kenyaamprsquos-equity-bank-expansion-in-drc-may-trigger-more-foreign-interest The combined bank, which Lumenganeso expects to have close to $1bn in assets, won’t be able to catch up with DRC market leader Rawbank in terms of size, he says. Alternative Investments Late Cycle Investing – when and where? News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24082/late-cycle-investing-ampndash-when-and-where The risk is that monetary easing may over-stimulate the US economy, already at full employment, resulting in a sharp tightening in financial conditions leading to a recession. Alternative Investments ICECAP extends to Mauritius News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24066/icecap-extends-to-mauritius Mauritius continues to be one of the leading international finance centres for foreign investment into Africa Alternative Investments Nigeria embraces a free trade future News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24068/nigeria-embraces-a-free-trade-future Nigeria was not the only major economy to be cautious – South Africa did not sign initially either, but did so a few months later. Alternative Investments Kenya’s Equity announces deal to buy Congo’s second-largest bank News Aggregation Team Monday, September 09, 2019 1:00 am http://africabankers.net/article/24053/kenyaamprsquos-equity-announces-deal-to-buy-congoamprsquos-second-largest-bank Equity now has operations in eight African countries Alternative Investments As defaults rise, lenders pray for strategic investors News Aggregation Team Monday, September 09, 2019 1:00 am http://africabankers.net/article/24057/as-defaults-rise-lenders-pray-for-strategic-investors Take for example Real People, a South African start-up that went on a lending spree and lost almost Sh1.7 billion over the last four years over defaulters it cannot trace. Alternative Investments Former Zimbabwe president Robert Mugabe dies, aged 95 News Aggregation Team Friday, September 06, 2019 1:00 am http://africabankers.net/article/24030/former-zimbabwe-president-robert-mugabe-dies-aged-95 Zimbabwe’s education secretary Fadzayi Mahere tweeted: “Rest In Peace, Robert Mugabe.” Alternative Investments Namibia and Botswana mull 20-year, 5 GW solar push News Aggregation Team Thursday, September 05, 2019 1:00 am http://africabankers.net/article/24014/namibia-and-botswana-mull-20-year-5-gw-solar-push The WEF said the project would be developed through a multi-phase procurement program. Alternative Investments Insurer shifts focus to organic growth to keep momentum up News Aggregation Team Thursday, September 05, 2019 1:00 am http://africabankers.net/article/24019/insurer-shifts-focus-to-organic-growth-to-keep-momentum-up It said its performance in the previous year was impacted by large negative operating basis changes and investment variances across the South African retail businesses and the rest of Africa. Alternative Investments A Global View Of GDPR Progress News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24118/a-global-view-of-gdpr-progress Participants in this study work in a variety of departments Comment, Analysis & Research Unsustainable commodities use presents USD 700bn opportunity in food sector alone, UBS finds News Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24125/unsustainable-commodities-use-presents-usd-700bn-opportunity-in-food-sector-alone-ubs-finds South Africa (page 41) and Nigeria (page 40), on the other hand, need to address sustainability challenges more urgently Comment, Analysis & Research Trevor Manuel: Decision to dismiss Moyo was unanimous News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24126/trevor-manuel-decision-to-dismiss-moyo-was-unanimous Old Mutual board chairman Trevor Manuel has confirmed that the company has not abandoned its appeal in the Peter Moyo saga. Comment, Analysis & Research South Africa’s business confidence plunges to lowest level in 34 years News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24127/south-africaamprsquos-business-confidence-plunges-to-lowest-level-in-34-years According to central bank data, Africa’s most-industrialized economy – which has dodged a second recession in as many years – is stuck in its longest downward cycle since 1945. Comment, Analysis & Research Worried about your retirement savings? 6 steps you can take today News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24129/worried-about-your-retirement-savings-6-steps-you-can-take-today All it takes is commitment and a will to save and grow your money Comment, Analysis & Research Ghana’s banking regulation ‘fundamentally wrong’ – Dr Atuahene News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24103/ghanaamprsquos-banking-regulation-amplsquofundamentally-wrongamprsquo-ampndash-dr-atuahene He noted that in other jurisdictions like England and South Africa, the work of the Governor of the central bank is rigorously independent of political meddling. Comment, Analysis & Research Kenya among 'big 4' Africa digital leaders News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24110/kenya-among-amp039big-4amp039-africa-digital-leaders UCTAD said efforts to grow tax revenues could also hurt the growth of the growing online businesses as well as suppress start-ups. Comment, Analysis & Research KPMG tax manager comments on the effects of the KRA tax pardon News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24111/kpmg-tax-manager-comments-on-the-effects-of-the-kra-tax-pardon The amnesty period also allowed for secrecy as to the source of funds, to encourage greater repatriation Comment, Analysis & Research Going offshore for a retirement plan News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24113/going-offshore-for-a-retirement-plan An internationally accessible offshore retirement plan may be an attractive option for South African residents with foreign citizenship Comment, Analysis & Research Is it safe to buy car insurance online or via an app? News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24114/is-it-safe-to-buy-car-insurance-online-or-via-an-app It’s very safe to buy “personal lines” insurance online in South Africa Comment, Analysis & Research KRA must trace, ensure all firms pay right taxes News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24120/kra-must-trace-ensure-all-firms-pay-right-taxes These companies are registered, and it should not be too difficult for the taxman to track them for reasons of clamping down on tax avoidance by individuals and firms. Tax South Africans are withholding their tax payments due to lack of trust in Sars, study reveals. News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24122/south-africans-are-withholding-their-tax-payments-due-to-lack-of-trust-in-sars-study-reveals Sacs strategic research director and spokesperson Reza Omar said the study was conducted on 1 300 South Africans who are 18 years and older, from across the country. Tax Expat tax ‘will damage SA economy’ News Aggregation Team Wednesday, September 04, 2019 1:00 am http://africabankers.net/article/24007/expat-tax-amplsquowill-damage-sa-economyamprsquo The purpose of the exemption was to prevent individuals from being taxed by both their host or home country Tax Corporate income taxation in the digital age: Africa in the Corporate Tax Haven Index 2019 News Aggregation Team Friday, August 30, 2019 1:00 am http://africabankers.net/article/23937/corporate-income-taxation-in-the-digital-age-africa-in-the-corporate-tax-haven-index-2019 The paper focuses on the nine African jurisdictions covered in the Corporate Tax Haven Index of 2019: Botswana, Gambia, Ghana, Kenya, Liberia, Mauritius, Tanzania, the Seychelles and South Africa. Tax Guinea, Namibia and Honduras join the fight against tax evasion News Aggregation Team Friday, August 30, 2019 1:00 am http://africabankers.net/article/23938/guinea-namibia-and-honduras-join-the-fight-against-tax-evasion The continuing growth in our membership has greatly strengthened international efforts to improve tax transparency for the benefit of all. Tax Andersen Global Expands Into 15th Country in Africa News Team Friday, August 30, 2019 1:00 am http://africabankers.net/article/23942/andersen-global-expands-into-15th-country-in-africa The ATax professionals are a premier team in Mauritius and there are many opportunities with this collaboration. Tax Audit firm KPMG seeks capital gains tax adjusted to inflation News Aggregation Team Tuesday, August 27, 2019 1:00 am http://africabankers.net/article/23889/audit-firm-kpmg-seeks-capital-gains-tax-adjusted-to-inflation The rise in the tax rate came as no surprise since Kenya has maintained a low rate compared to the rest of the region. Uganda and Rwanda, for example, apply Capital Gains Tax (CGT) rates of 30 percent. Tax 80 KRA managers face probe over claims of tax evasion News Aggregation Team Tuesday, August 27, 2019 1:00 am http://africabankers.net/article/23895/80-kra-managers-face-probe-over-claims-of-tax-evasion It is alleged the top officials aided up to 600 individuals and companies to either avoid paying taxes running into billions of shillings or pay less than is due. Tax Sars’s role in combatting tax evasion and money laundering News Aggregation Team Friday, August 23, 2019 1:00 am http://africabankers.net/article/23862/sarsamprsquos-role-in-combatting-tax-evasion-and-money-laundering The tax agency should be cracking down on financial crimes more robustly. Tax South African expats are taking hasty steps to avoid expat tax News Aggregation Team Friday, August 23, 2019 1:00 am http://africabankers.net/article/23865/south-african-expats-are-taking-hasty-steps-to-avoid-expat-tax The tax will primarily apply to South Africans who earn more than R1 million per year. Tax SA authority fines Steinhoff a record R1.5bn - but it only needs to pay R53m News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24123/sa-authority-fines-steinhoff-a-record-r15bn-but-it-only-needs-to-pay-r53m But given Steinhoff’s current financial position, it will waive the bulk of it to only levy a penalty of R53m. Regulation,Tax & Compliance BTG Namibia signs strategic partnership with Eljota Investment Managers News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24128/btg-namibia-signs-strategic-partnership-with-eljota-investment-managers Ike Dube, Managing Director of Altron ROA lauded Eljota’s deep local insight. Regulation,Tax & Compliance Banking staff to get 6% pay raise in new CBA News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24106/banking-staff-to-get-6-pay-raise-in-new-cba KBA has termed its deliberations with staff as pragmatic on the back of concerted efforts by banks to squeeze out efficiency including cost optimization efforts such as employee rationalization. Regulation,Tax & Compliance SA concludes trade deal with UK in case of no-deal Brexit News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24107/sa-concludes-trade-deal-with-uk-in-case-of-no-deal-brexit Minister of Trade and Industry, Ebrahim Patel, told reporters on Wednesday in Cape Town that SA and five other countries in the southern African region had clinched a deal that would give the African states a soft landing in case of a no-deal Brexit. Regulation,Tax & Compliance Nigerian Banks Have Been Ordered To “Lend Or Die” – Now The Big Banks Are Thirsty For Borrowers News Aggregation Team Thursday, September 12, 2019 1:00 am http://africabankers.net/article/24116/nigerian-banks-have-been-ordered-to-ampldquolend-or-dieamprdquo-ampndash-now-the-big-banks-are-thirsty-for-borrowers In plain language, the CBN wants Nigerian banks to adjust their books before September 30 Regulation,Tax & Compliance Banks reject CBN “harsh”policies News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24081/banks-reject-cbn-ampldquoharshamprdquopolicies The policy implementation, which takes effect on September 30, has presented two options to the banks, Director, Investment Banking at Coronation Merchant Bank Limited, Abiodun Sanusi said. Regulation,Tax & Compliance Ghana Strengthens Capacity to Avoid Repeat of Banking Cleanup News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24083/ghana-strengthens-capacity-to-avoid-repeat-of-banking-cleanup Personnel are receiving training on how to apply regulation stringently, he said. Regulation,Tax & Compliance Moyo again barred from returning to work at Old Mutual News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24064/moyo-again-barred-from-returning-to-work-at-old-mutual In a video shared by journalist Ray Mahlaka on Twitter, Moyo's lawyer Eric Mabuza says Old Mutual representatives took him and Moyo to a boardroom and told them that they were not allowed on the premises. Regulation,Tax & Compliance African Development Bank To Launch Report On Creating Jobs News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24069/african-development-bank-to-launch-report-on-creating-jobs This report brings together some of the world’s leading labour and development economists to provide specific policy recommendations for creating decent jobs. Regulation,Tax & Compliance Regulator now bars KCB from sacking National Bank staff News Aggregation Team Tuesday, September 10, 2019 1:00 am http://africabankers.net/article/24073/regulator-now-bars-kcb-from-sacking-national-bank-staff KCB has 4,835 employees in Kenya while NBK’s workforce currently stands at 1,356, the regulator said. Regulation,Tax & Compliance Evolution II Fund Secures Another $87.75 Million for Clean Energy Access in Africa News Aggregation Team Friday, September 13, 2019 1:00 am http://africabankers.net/article/24132/evolution-ii-fund-secures-another-8775-million-for-clean-energy-access-in-africa We are pleased to have secured commitments from 12 leading investors ESG SSGA appoints EMEA ESG investment strategy head News Aggregation Team Wednesday, September 11, 2019 1:00 am http://africabankers.net/article/24091/ssga-appoints-emea-esg-investment-strategy-head Before that he worked at J.P. Morgan's Private Bank in New York and Frankfurt. ESG South Africa still lagging far behind on climate change battle News Aggregation Team Sunday, September 08, 2019 1:00 am http://africabankers.net/article/24040/south-africa-still-lagging-far-behind-on-climate-change-battle Global climate strikes are planned for September 20 to 27. ESG MENA's Maturing Ecosystem News Aggregation Team Wednesday, September 04, 2019 1:00 am http://africabankers.net/article/23997/menaamp039s-maturing-ecosystem Major deals so far this year have included a $100 million capital injection in Dubai-based Emerging Markets Property Group ESG Going green is not a luxury for Africa News Aggregation Team Tuesday, September 03, 2019 1:00 am http://africabankers.net/article/23977/going-green-is-not-a-luxury-for-africa However, even as Africa faces new challenges from climate change, it also has major opportunities to expand its economy and reduce still-pervasive poverty ESG Central banks are waking up to climate change dangers. It’s about time News Aggregation Team Tuesday, September 03, 2019 1:00 am http://africabankers.net/article/23978/central-banks-are-waking-up-to-climate-change-dangers-itamprsquos-about-time Globally, financial institutions and their clients are facing an increased risk of litigation for their failure to manage risks associated with climate change. ESG A Green New Deal for Africa News Aggregation Team Sunday, September 01, 2019 1:00 am http://africabankers.net/article/23955/a-green-new-deal-for-africa It was a stark reminder of Africa’s vulnerability to the intensifying consequences of climate change. ESG African climate experts meet ahead of UN global summit News Aggregation Team Thursday, August 29, 2019 1:00 am http://africabankers.net/article/23922/african-climate-experts-meet-ahead-of-un-global-summit ‘Climate change poses existential threat to continent,’ UN expert says ESG UK aid doubles support to reduce global carbon emissions and help developing countries adapt to the impact of climate change News Aggregation Team Monday, August 26, 2019 1:00 am http://africabankers.net/article/23881/uk-aid-doubles-support-to-reduce-global-carbon-emissions-and-help-developing-countries-adapt-to-the-impact-of-climate-change Supporting projects to protect and preserve natural habitats and projects that reduce emissions and help people adapt to the impacts of climate change. ESG The Dutch Family Cleaning Up Sustainable Investments in East Africa News Aggregation Team Friday, August 23, 2019 1:00 am http://africabankers.net/article/23861/the-dutch-family-cleaning-up-sustainable-investments-in-east-africa The undisclosed investment aimed to boost the two-year-old Kenyan tech-enabled startup’s processing capacity to produce higher value recycled products in larger volumes to supply consumer goods companies. ESG