Managers of Wealth - Africa http://africabankers.net/ Thu, 26 Nov 2020 13:14:36 GMT part of MediaG8way Group http://africabankers.net/ http://africabankers.net/assets/images/logo.png Managers of Wealth - Africa KohanaPHP ‘Elon Musk should share his wealth with South Africa’ News Aggregation Team Thursday, November 26, 2020 12:00 am http://africabankers.net/article/29425/amplsquoelon-musk-should-share-his-wealth-with-south-africaamprsquo Elon Musk made headlines by becoming the world's second-richest man this week - and Derek Hanekom has got one eye on the tech mogul's fortune. Wealth and Asset Management SA’s Super-Rich Haven’t Let COVID-19 Stop The Jet-Setting Lifestyle News Aggregation Team Thursday, November 26, 2020 12:00 am http://africabankers.net/article/29426/saamprsquos-super-rich-havenamprsquot-let-covid-19-stop-the-jet-setting-lifestyle COVID-19 has presented a unique opportunity to see how those in different income brackets stay safe, with some interesting trends emerging among the super-rich. Wealth and Asset Management Are my assets forfeited to the state should I die without leaving a valid will? News Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29390/are-my-assets-forfeited-to-the-state-should-i-die-without-leaving-a-valid-will If the deceased left no valid will and did not have any relatives who could inherit his/her estate, then only will the estate be forfeited to the state. Wealth and Asset Management Paul Hanratty’s plan for Sanlam News Team Thursday, November 19, 2020 12:00 am http://africabankers.net/article/29330/paul-hanrattyamprsquos-plan-for-sanlam It added R5bn to that market value as fund managers piled into what was clearly a cheap share. Wealth and Asset Management Winners Of WealthBriefing MENA Awards for Excellence 2020 News Aggregation Team Tuesday, November 10, 2020 12:00 am http://africabankers.net/article/29192/winners-of-wealthbriefing-mena-awards-for-excellence-2020 As the results show, a number of banks with footprints in a variety of regions - such as Bank of Singapore and Standard Chartered - picked up prizes. Wealth and Asset Management What It Takes To Crack SA’s Richest 1% News Aggregation Team Thursday, November 05, 2020 12:00 am http://africabankers.net/article/29129/what-it-takes-to-crack-saamprsquos-richest-1 The top two countries, according to research by international real estate and investment immigration firm Astons, via BusinessTech, with the widest reality gap between the top 1% and the average citizen, are Qatar and the United Arab Emirates (UAE). Wealth and Asset Management Quiet sides of wealthy Nigerians News Aggregation Team Monday, November 02, 2020 12:00 am http://africabankers.net/article/29066/quiet-sides-of-wealthy-nigerians Wealthy people are like goldfishes that have no hiding place. Even when they want to be unnoticed, the media and society would always create a buzz around them. In no particular order, MOBOLA SADIQ takes a look at some wealthy Nigerians who have managed t Wealth and Asset Management Quick ways to make money from any business News Aggregation Team Monday, November 02, 2020 12:00 am http://africabankers.net/article/29069/quick-ways-to-make-money-from-any-business Businesses that solve today’s relevant problems are those that will create quick wealth in business. Wealth and Asset Management Can South Africans Rebuild Their Wealth After Lockdown? News Aggregation Team Tuesday, October 27, 2020 12:00 am http://africabankers.net/article/28994/can-south-africans-rebuild-their-wealth-after-lockdown All investors are taxed on Rand gains, but only when they sell the AMC in its entirety. Wealth and Asset Management Elon Musk: 5 facts about the outspoken South African tech entrepreneur before the billions News Aggregation Team Tuesday, October 27, 2020 12:00 am http://africabankers.net/article/29002/elon-musk-5-facts-about-the-outspoken-south-african-tech-entrepreneur-before-the-billions He surpassed Facebook’s Mark Zuckerberg as the third-richest man in tech, and became the fifth-richest man in the world, but Elon Musk’s journey to success was just as unconventional as he is Wealth and Asset Management Appointments and Reassignments At the African Development Bank News Aggregation Team Thursday, November 26, 2020 12:00 am http://africabankers.net/article/29432/appointments-and-reassignments-at-the-african-development-bank Prior to his reassignment, Mr. Faal was Senior Director for the Nigeria Country Office. Executive Moves Equity Appoints Samuel Onyango As A New Director To The Kenya Board News Aggregation Team Thursday, November 26, 2020 12:00 am http://africabankers.net/article/29433/equity-appoints-samuel-onyango-as-a-new-director-to-the-kenya-board Samuel’s guidance will be invaluable to the Equity board of directors in our oversight and quality assurance roles as we execute the next phase of strategic innovation and growth. Executive Moves International Family Office launches UK advisory board News Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29420/international-family-office-launches-uk-advisory-board “We are fortunate to have secured the services of Robin, Natalie and Anthony, and I am looking forward to working closely with them.” Executive Moves AfDB Names Augustine K. Ngafuan Country Manager for Uganda News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29384/afdb-names-augustine-k-ngafuan-country-manager-for-uganda Mr. Ngafuan during the Sirleaf Administration was later promoted to a ministerial position as Minister of Finance, where he served from 2008 to 2012. Executive Moves Funke Feyisitan-Ladimeji appointed Executive Director, Coronation Merchant Bank News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29395/funke-feyisitan-ladimeji-appointed-executive-director-coronation-merchant-bank Coronation Merchant Bank Limited has announced the appointment of Funke Feyisitan Ladimeji as an Executive Director of the Bank Executive Moves African Development Bank appoints Country Managers News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29398/african-development-bank-appoints-country-managers Mamady Souare, an Ivorian national, joined the African Development Bank in 2004, as senior transport engineer. Executive Moves CMA confirms Wyckliffe Shamiah as substantive CEO News Aggregation Team Friday, November 20, 2020 12:00 am http://africabankers.net/article/29345/cma-confirms-wyckliffe-shamiah-as-substantive-ceo Prior to his appointment, Mr Shamiah was the director of market operations since November 2011. Executive Moves Standard Chartered announces key appointments News Team Wednesday, November 18, 2020 12:00 am http://africabankers.net/article/29299/standard-chartered-announces-key-appointments The new structures and related appointments are effective on 1 January, 2021. Executive Moves Ex-Credit Suisse boss recruited by Rwandan government News Aggregation Team Sunday, November 15, 2020 12:00 am http://africabankers.net/article/29261/ex-credit-suisse-boss-recruited-by-rwandan-government Tidjane Thiam, who resigned as CEO of Swiss bank Credit Suisse in February, has been tasked with using his connections to build up the Rwandan capital Kigali as an international business location, according to Swiss business newspaper Handelszeitung. Executive Moves Quilter names new platform distribution head as Scott Goodsir takes hiatus News Aggregation Team Friday, November 13, 2020 12:00 am http://africabankers.net/article/29245/quilter-names-new-platform-distribution-head-as-scott-goodsir-takes-hiatus Goodsir will be succeeded by Karen Blatchford currently head of Quilter International’s product and marketing, from the start of 2021. Executive Moves Warning over rise in fraudulent credit applications in South Africa News Aggregation Team Monday, November 23, 2020 12:00 am http://africabankers.net/article/29365/warning-over-rise-in-fraudulent-credit-applications-in-south-africa Snyman said that there is a very real need for businesses to become more aware of the prevalence of fraud, and to act when they become aware of fraudulent activity. Legal South African fraudster jailed for seven years News Aggregation Team Friday, November 20, 2020 12:00 am http://africabankers.net/article/29343/south-african-fraudster-jailed-for-seven-years After he scammed clients out of more than ZAR12m over a six-year period Legal Fifa orders Kenyan team to pay ex-player $18,000 over contract breach News Aggregation Team Friday, November 20, 2020 12:00 am http://africabankers.net/article/29346/fifa-orders-kenyan-team-to-pay-ex-player-18000-over-contract-breach Fifa ordered the club to pay the amount within 45 days failure to which they risk a transfer ban over three windows. Legal High court lifts freeze on SportPesa’s bank accounts News Aggregation Team Wednesday, November 18, 2020 12:00 am http://africabankers.net/article/29300/high-court-lifts-freeze-on-sportpesaamprsquos-bank-accounts The taxman on August 20 issued preservation notices to Pevans’ bankers, invoking the Tax Procedures Act (TPA) that allows it to make such a move if it believes tax collection is being frustrated. Legal Appleby Shortlisted for Mauritius Law Firm of the Year News Team Tuesday, November 17, 2020 12:00 am http://africabankers.net/article/29292/appleby-shortlisted-for-mauritius-law-firm-of-the-year The awards reflect notable achievements for work carried out over the past 12 months. Legal Appleby Shortlisted For Mauritius Law Firm Of The Year News Team Monday, November 16, 2020 12:00 am http://africabankers.net/article/29260/appleby-shortlisted-for-mauritius-law-firm-of-the-year Chambers and Partners is an independent research company operating across 200 jurisdictions delivering detailed rankings and insight into the world’s leading lawyers. Legal The Sentry: African Conflict Gold is Being Laundered in Dubai News Team Monday, November 16, 2020 12:00 am http://africabankers.net/article/29270/the-sentry-african-conflict-gold-is-being-laundered-in-dubai The vast majority of such gold is first sold in the famous Dubai Gold Souk Legal Banks spared headache of tracing billions tied to new money transfer fees News Aggregation Team Monday, November 16, 2020 12:00 am http://africabankers.net/article/29271/banks-spared-headache-of-tracing-billions-tied-to-new-money-transfer-fees The court heard that it was unconstitutional to impose excise duty from July 1, 2018 when the legislation imposing that excise duty had not been passed. Legal Landmark Supreme Court victory in Zambia: collecting millions in tax revenues and sending a message across borders News Team Friday, November 13, 2020 12:00 am http://africabankers.net/article/29239/landmark-supreme-court-victory-in-zambia-collecting-millions-in-tax-revenues-and-sending-a-message-across-borders The judgement hinged on Zambia making a technical case showing evidence of tax avoidance through base erosion and profit shifting or BEPS strategies. Legal South African corruption probe ensnares ruling party heavyweight News Aggregation Team Thursday, November 12, 2020 12:00 am http://africabankers.net/article/29225/south-african-corruption-probe-ensnares-ruling-party-heavyweight News of the arrest warrant brings the struggle between Messrs. Legal Kenyan bank launches mobile payments service News Aggregation Team Thursday, November 26, 2020 12:00 am http://africabankers.net/article/29427/kenyan-bank-launches-mobile-payments-service Africa has been among the most prominet regions for fintech development as users, banks and technology companies have bypassed traditional banking to embrace mobile banking and payment services. FinTech Hope PSBank delivers digital banking services to Customers News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29405/hope-psbank-delivers-digital-banking-services-to-customers Abubakar noted that it was heartwarming that a new bank like Hope PSBank was stepping into the fold to give banking access to millions of Nigerians including those that are unbanked. FinTech Entersekt and Cellulant Partner to Deliver Safer Mobile Banking Solutions News Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29413/entersekt-and-cellulant-partner-to-deliver-safer-mobile-banking-solutions Pan-African fintech giant already working on deployments with institutional customers FinTech StandChart Ghana declared Digital Bank of the Year, its SC Mobile app named Mobile Banking App of the Year News Aggregation Team Monday, November 23, 2020 12:00 am http://africabankers.net/article/29367/standchart-ghana-declared-digital-bank-of-the-year-its-sc-mobile-app-named-mobile-banking-app-of-the-year The App has enhanced features that allow clients to execute all their banking needs from a mobile device making banking very convenient and enjoyable. FinTech La Community Bank to introduce mobile banking services News Aggregation Team Monday, November 23, 2020 12:00 am http://africabankers.net/article/29363/la-community-bank-to-introduce-mobile-banking-services Dr Sowa said the year 2019 was a very eventful year for the banking industry adding that it saw the final resolution of the banking reforms initiated by the Bank of Ghana, which directed all banks to increase their minimum capital. FinTech Double Win For Objectway Wealthtech Suite At Xcelent 2020 Awards News Team Monday, November 23, 2020 12:00 am http://africabankers.net/article/29373/double-win-for-objectway-wealthtech-suite-at-xcelent-2020-awards The augmented intelligence component and overall scalability of the Optimiser solution is a distinguishing point. FinTech Google's Project Taara to deliver high speed internet to Africans News Aggregation Team Friday, November 20, 2020 12:00 am http://africabankers.net/article/29341/googleamp039s-project-taara-to-deliver-high-speed-internet-to-africans As part of a pan-African roll-out which will start in Kenya, Project Taara has partnered with telecoms operator Econet to equip its towers with Taara terminals to transmit beams and create links. FinTech Stanhope Financial cash boost gives SMEs tier one global banking services News Aggregation Team Friday, November 20, 2020 12:00 am http://africabankers.net/article/29349/stanhope-financial-cash-boost-gives-smes-tier-one-global-banking-services The company’s research has identified a clear market opportunity. FinTech Transforming legacy into digital News Aggregation Team Friday, November 20, 2020 12:00 am http://africabankers.net/article/29351/transforming-legacy-into-digital Chief digital and data officer Vuyo Mpako describes that mission as trying to transform a `175-year-old elephant to feel like a startup’. FinTech Free digital management tool for SA SMEs launches News Aggregation Team Friday, November 20, 2020 12:00 am http://africabankers.net/article/29352/free-digital-management-tool-for-sa-smes-launches In an official press release, Jikku Joseph, Managing Director of 22seven Business, explains the launch to be an extension of the already existing 22seven money management app. FinTech One SA unit trust would have almost doubled your money in a year. Here are the best, worst funds News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29406/one-sa-unit-trust-would-have-almost-doubled-your-money-in-a-year-here-are-the-best-worst-funds South Africa’s top retail unit trust over the past year was the IP Global Momentum Equity Fund. Retail Banking Nigeria’s Big Five Banks Report 2.4% Profit Growth In Nine Months News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29408/nigeriaamprsquos-big-five-banks-report-24-profit-growth-in-nine-months Nigerian Minister for Finance, Budget and Planning, Zainab Ahmed on 21st May gave an indication of what is currently manifesting in her report to the National Economic Committee (NEC). Retail Banking Absa launches new business account for startups News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29409/absa-launches-new-business-account-for-startups The account also allows entrepreneurs to generate a VAT report to assist them in filing returns to the South African Revenue Service. Retail Banking SA banks to see limited fallout from debt downgrades News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29411/sa-banks-to-see-limited-fallout-from-debt-downgrades Bank ratings are capped at the level of the sovereign, which means the likes of Standard Bank Group Ltd. and FirstRand Ltd. will see their ratings fall. Retail Banking Standard Bank Instant Money extends cash out points to 15,000 retail locations News Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29416/standard-bank-instant-money-extends-cash-out-points-to-15000-retail-locations This sought-after service is particularly in demand at month-end, during long weekends, school breaks and holiday periods. Retail Banking Equity wins SME Bank of the Year at global finance awards News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29385/equity-wins-sme-bank-of-the-year-at-global-finance-awards COVID-19 has challenged the normal operations for many SMEs in Kenya and across Africa Retail Banking Zenith Bank Sets a New Record, Posts N508.979 Billion Gross Earnings in Nine months News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29396/zenith-bank-sets-a-new-record-posts-n508979-billion-gross-earnings-in-nine-months Operating expenses expanded by 11 percent to N196.279 billion during the period under review, up from N176.941 billion filed in 2019. Retail Banking Nigerian banks posted marginal profits during lockdown, despite slow economic growth News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29397/nigerian-banks-posted-marginal-profits-during-lockdown-despite-slow-economic-growth Others are Fidelity Bank at â¦9.1 billion, Union Bank â¦4.31 billion, Sterling Bank at â¦1.96 billion, Wema Bank at â¦1.15 billion and Unity Bank at â¦543 million. Retail Banking South African Banks to See Limited Fallout from Debt Downgrades News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29402/south-african-banks-to-see-limited-fallout-from-debt-downgrades Bank ratings are capped at the level of the sovereign, which means the likes of Standard Bank Group Ltd. and FirstRand Ltd. will see their ratings fall. Retail Banking Capitec’s app now features QR code-based Scan To Pay News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29403/capitecamprsquos-app-now-features-qr-code-based-scan-to-pay Another reason for the rollout of this new tool is the recent issues surrounding the interoperability of Masterpass, which has seen its agreements with local QR payment platforms falter. Retail Banking Standard Chartered nine months profit falls by 31 per cent News Aggregation Team Friday, November 20, 2020 12:00 am http://africabankers.net/article/29353/standard-chartered-nine-months-profit-falls-by-31-per-cent The bank saw its net interest income decline by 2.7 per cent to Ksh.14.3 billion while non-interest funded income (NFI) fell to Ksh.6.3 billion from Ksh.7 billion last year. Investment Banking Standard Bank’s Money Market Select account offers investors flexibility and higher interest rates News Aggregation Team Friday, November 20, 2020 12:00 am http://africabankers.net/article/29355/standard-bankamprsquos-money-market-select-account-offers-investors-flexibility-and-higher-interest-rates Invest from R100,000 with a competitive rate of up to 4.65% Investment Banking Capitalmind, Investec and BlackArch team up for global footprint News Aggregation Team Tuesday, November 10, 2020 12:00 am http://africabankers.net/article/29198/capitalmind-investec-and-blackarch-team-up-for-global-footprint Three corporate finance and investment banking boutiques – Capitalmind, Investec Bank and BlackArch Partners – have entered into a strategic partnership in a move that provides them access to a global network of like-minded dealmakers. Investment Banking Nedbank revises growth forecast for 2020 News Aggregation Team Friday, October 30, 2020 12:00 am http://africabankers.net/article/29062/nedbank-revises-growth-forecast-for-2020 The bank said the Covid-19 pandemic, subsequent lockdowns and market volatility in March were “extreme events” and its negative impact is expected to continue for “some time”. Investment Banking Big shake-up at Standard Bank News Aggregation Team Thursday, October 29, 2020 12:00 am http://africabankers.net/article/29038/big-shake-up-at-standard-bank Group reorganises consumer-facing divisions to create three new units Investment Banking Standard Bank to go ‘customer-centric’ in executive shake-up News Aggregation Team Thursday, October 29, 2020 12:00 am http://africabankers.net/article/29048/standard-bank-to-go-amplsquocustomer-centricamprsquo-in-executive-shake-up Standard Bank, which operates across 20 African countries, is digitizing its systems to fend off fintech firms encroaching on its customer base. Investment Banking BNP Paribas operations in Guinea and Burkina Faso sold News Aggregation Team Wednesday, October 28, 2020 12:00 am http://africabankers.net/article/29025/bnp-paribas-operations-in-guinea-and-burkina-faso-sold The bank said it would integrate the new acquisitions into its systems Investment Banking Standard Bank preparing to advance African operations to fight off fintechs News Aggregation Team Friday, October 16, 2020 1:00 am http://africabankers.net/article/28872/standard-bank-preparing-to-advance-african-operations-to-fight-off-fintechs Lenders from Kenya to Ghana are having to contend with a burgeoning mobile-banking industry that allows anyone with the simplest of phones to transfer cash. Investment Banking Investment bank Faida, UK’s VSA Capital ink deals pact News Aggregation Team Wednesday, October 14, 2020 1:00 am http://africabankers.net/article/28843/investment-bank-faida-ukamprsquos-vsa-capital-ink-deals-pact VSA Capital has offices in London and Shanghai and provides corporate finance, advisory and capital markets services to private and public firms. Investment Banking Kigali financial hub enters deal with French public bank News Aggregation Team Monday, October 12, 2020 1:00 am http://africabankers.net/article/28806/kigali-financial-hub-enters-deal-with-french-public-bank The latest agreement, signed last week on October 6, will see the two institutions partner to enhance the competitiveness of the business sector in both countries. Investment Banking AfricInvest acquires minority stake in Fidelity Bank, Ghana News Aggregation Team Thursday, November 26, 2020 12:00 am http://africabankers.net/article/29430/africinvest-acquires-minority-stake-in-fidelity-bank-ghana Fidelity offers a comprehensive range of innovative products and services in the retail and corporate space, through a steadily growing network of branches and various digital channels. Alternative Investments IFC mulls over $150mln loans to Absa Bank for green projects News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29407/ifc-mulls-over-150mln-loans-to-absa-bank-for-green-projects The financial institution has already expressed its intention to further develop its climate finance activities over the next few years. Alternative Investments Moroccan Aradei Capital gets approval for an IPO News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29415/moroccan-aradei-capital-gets-approval-for-an-ipo Aradei Capital plans to reorganize its shareholding by the end of this operation. Alternative Investments South Africa needs to contain rising debt, says Mboweni News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29422/south-africa-needs-to-contain-rising-debt-says-mboweni Finance Minister Tito Mboweni has attributed the country’s debit crisis to the public sector wage bill and government’s pattern of expenditure Alternative Investments Higher public debt threatens S.Africa's financial system, c.bank says News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29418/higher-public-debt-threatens-safricaamp039s-financial-system-cbank-says "The interconnectedness between the financial sector and the sovereign has emerged as a major threat to financial stability in South Africa," the document said. Alternative Investments UAE-based financial comparison website eyes expansion in Gulf, North Africa News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29419/uae-based-financial-comparison-website-eyes-expansion-in-gulf-north-africa 140,000 customers have purchased a financial product from the BankOnUs website since its launch two years ago Alternative Investments How Safe is Investing in South Africa Right Now? News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29423/how-safe-is-investing-in-south-africa-right-now These shifts present opportunities for fresh thinking and new strategies around investments. Alternative Investments Bezos Backs Start-Up in Maiden Africa Investment News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29389/bezos-backs-start-up-in-maiden-africa-investment The company has 3 million users on its platform across Ghana, Uganda, Kenya, Tanzania, Rwanda, Nigeria and South Africa, and processes an average of 80,000 transactions daily, according to the statement. Alternative Investments ‘Investment experts, adequate data, needed to drive growth in insurance, pension sectors’ News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29393/amplsquoinvestment-experts-adequate-data-needed-to-drive-growth-in-insurance-pension-sectorsamprsquo Awo, who was a facilitator at the training, stressed that though insurance revolves round paying of premium and claims, it is, however, first an Investment targeted at curbing risk, as well as ensuring returns on investment. Alternative Investments Africa Oil & Power Releases Africa Energy Finance Report, Launches Dedicated Finance and Investment Event in 2021 News Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29394/africa-oil-ampamp-power-releases-africa-energy-finance-report-launches-dedicated-finance-and-investment-event-in-2021 The downloadable report aligns with the Energy Finance Forum, co-hosted as part of the upcoming AOP Conference & Exhibition 2021 (October 5-7) held in Cape Town Alternative Investments Axis of inequality: how black women are kept at the bottom of the economy News Aggregation Team Thursday, November 26, 2020 12:00 am http://africabankers.net/article/29428/axis-of-inequality-how-black-women-are-kept-at-the-bottom-of-the-economy A new Oxfam report reveals the huge income, race, class, education, gender and unemployment inequities black women face in this country. Comment, Analysis & Research 2020’s Ten Most Influential startups in Africa: Flutterwave News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29412/2020amprsquos-ten-most-influential-startups-in-africa-flutterwave During the lockdown, Flutterwave helped launch Ubbercash and just yesterday, they announced the launch of their payment protection promise, a new policy that protects customers when shopping online and dealing with merchants on its payment platform. Comment, Analysis & Research Ghana recovering faster than expected, says governor Addison News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29386/ghana-recovering-faster-than-expected-says-governor-addison Improved consumer and business confidence, and strong liquidity flows have helped to deliver a faster than expected recovery. Comment, Analysis & Research Nigeria’s richest plough money into Africa’s biggest economy News Aggregation Team Monday, November 23, 2020 12:00 am http://africabankers.net/article/29383/nigeriaamprsquos-richest-plough-money-into-africaamprsquos-biggest-economy Home-grown entrepreneurs’ confidence contrasts with caution of overseas investors Comment, Analysis & Research The strength of African women can lift communities out of Covid crisis News Aggregation Team Friday, November 20, 2020 12:00 am http://africabankers.net/article/29347/the-strength-of-african-women-can-lift-communities-out-of-covid-crisis The pandemic has disproportionately impacted women and girls living in fragile contexts with ripple effects on education, livelihoods and nutrition, among others. Comment, Analysis & Research Banking with tears in Nigeria News Aggregation Team Thursday, November 19, 2020 12:00 am http://africabankers.net/article/29327/banking-with-tears-in-nigeria This is what Covid-19 and the inability or unwillingness of banks to respond appropriately has caused Nigerians. Comment, Analysis & Research COVID-19 to Take Toll on African Banks, S&P Predicts News Aggregation Team Wednesday, November 18, 2020 12:00 am http://africabankers.net/article/29301/covid-19-to-take-toll-on-african-banks-sampampp-predicts For Nigeria, it stated that the pace of recovery of the banking sector would be affected by slow growth of the country’s Gross Domestic Product, depreciation of the local currency and volatile oil prices. Comment, Analysis & Research Reflections on The Africa Debate News Team Wednesday, November 18, 2020 12:00 am http://africabankers.net/article/29312/reflections-on-the-africa-debate Director, John Félicité provides an overview of the key discussions from Invest Africa's flagship annual event, The Africa Debate. Comment, Analysis & Research Surging interest rates could slow economic recovery News Aggregation Team Wednesday, November 18, 2020 12:00 am http://africabankers.net/article/29320/surging-interest-rates-could-slow-economic-recovery This development, according to analysts, could slow down recovery of the economy. Comment, Analysis & Research Old Mutual sees resilient South African consumers aiding growth News Aggregation Team Tuesday, November 17, 2020 12:00 am http://africabankers.net/article/29285/old-mutual-sees-resilient-south-african-consumers-aiding-growth A second Covid-19 wave in South Africa would probably result in less severe containment rules as the government pushes ahead with plans to boost the economy. Comment, Analysis & Research These types of homes in South Africa are seeing the best returns right now News Aggregation Team Thursday, November 26, 2020 12:00 am http://africabankers.net/article/29429/these-types-of-homes-in-south-africa-are-seeing-the-best-returns-right-now The FNB House Price Index (HPI) showed annual house price growth flatlined in October, reaching 2.6% y/y (last month downwardly revised from 3.1%). Tax Report Shows Wealthy Kenyans Are Hiding Untaxed Sh457 Billion in Offshore Accounts News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29404/report-shows-wealthy-kenyans-are-hiding-untaxed-sh457-billion-in-offshore-accounts Kenya ranks second in the amount of stolen donor funds hidden overseas, behind Jordan which had Sh350 billion stashed abroad. Tax Time for African countries to take a stand against tax abuse News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29410/time-for-african-countries-to-take-a-stand-against-tax-abuse Domestic public resources are central to development as recognized by the Sustainable Development Goals (SDGs) and the Addis Ababa Action Agenda – resulting from an international conference held in the Ethiopian capital in 2015. Tax Is overtime or commission taxed differently to your salary – and other tax deductions you should be aware of News Aggregation Team Monday, November 23, 2020 12:00 am http://africabankers.net/article/29370/is-overtime-or-commission-taxed-differently-to-your-salary-ampndash-and-other-tax-deductions-you-should-be-aware-of Allowances such as your travel allowance are also taxed at the same rate. Tax Treasury plans wealth tax for Covid recovery News Aggregation Team Monday, November 23, 2020 12:00 am http://africabankers.net/article/29376/treasury-plans-wealth-tax-for-covid-recovery The Treasury’s talk of imposing higher taxes on the rich follows a global pressure for the wealthy to pay more duty and help impoverished populations survive the coronavirus and its economic hardships. Tax African nations must take a stand against tax abuse and illicit financial flows News Aggregation Team Monday, November 23, 2020 12:00 am http://africabankers.net/article/29380/african-nations-must-take-a-stand-against-tax-abuse-and-illicit-financial-flows This will require a shift from the instrumentalisation of foreign aid for securitisation purposes, a fundamental rethink of globalisation and development, and political leadership. Tax Africa tax in brief News Aggregation Team Wednesday, November 18, 2020 12:00 am http://africabankers.net/article/29302/africa-tax-in-brief BURKINA FASO: Multilateral Instrument instrument of ratification deposited Tax EA fights tax cheats as virus takes heavy toll on revenues News Aggregation Team Monday, November 16, 2020 12:00 am http://africabankers.net/article/29273/ea-fights-tax-cheats-as-virus-takes-heavy-toll-on-revenues East African Community partner states have recorded massive decline in revenues with the quarter from July to September being the worst with revenue growth ranging from -44.9 percent to 2.1 percent. Tax Kenya's KCB Group says nine-month pretax profit plummets on COVID-19 News Aggregation Team Thursday, November 12, 2020 12:00 am http://africabankers.net/article/29233/kenyaamp039s-kcb-group-says-nine-month-pretax-profit-plummets-on-covid-19 During that period it restructured customer loan facilities worth 105 billion shillings to cushion borrowers from the impact of the COVID-19 crisis, KCB said. Tax Absa loses 8-year royalty tax battle against KRA News Aggregation Team Tuesday, November 10, 2020 12:00 am http://africabankers.net/article/29184/absa-loses-8-year-royalty-tax-battle-against-kra The fee is charged by banks for processing and accepting card-based transactions on behalf of their rivals. Tax Digitisation, COVID-19 prompt reduced headcount at Absa News Aggregation Team Thursday, November 26, 2020 12:00 am http://africabankers.net/article/29424/digitisation-covid-19-prompt-reduced-headcount-at-absa The economic upheaval caused by the COVID-19 crisis, combined with the group’s digital transformation strategy, resulted in the bank reducing its headcount to 38 472 in 2020 – down from 41 703 in 2017. Regulation,Tax & Compliance SA Ends Cheques As The Old Paper Sees The Beginning Of The End In Africa News Aggregation Team Thursday, November 26, 2020 12:00 am http://africabankers.net/article/29431/sa-ends-cheques-as-the-old-paper-sees-the-beginning-of-the-end-in-africa In a recent development, South Africa Reserve Bank (SARB) has declared it is putting an end to the use of cheques for payment, starting from the first day of the new year, 2021. Regulation,Tax & Compliance South Africa to Lift Dividend Guidance Once Out of Virus Crisis News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29414/south-africa-to-lift-dividend-guidance-once-out-of-virus-crisis Investec Group surprised with a dividend for the six months through September after receiving payouts from its stake in an asset manager and from its wealth-management businesses. Regulation,Tax & Compliance Why Ghana needs a new financial sector regulation architecture (By Woelinam Dogbe) News Aggregation Team Wednesday, November 25, 2020 12:00 am http://africabankers.net/article/29421/why-ghana-needs-a-new-financial-sector-regulation-architecture-by-woelinam-dogbe There is ample evidence that the existing financial sector regulation architecture in Ghana is not fit-for-purpose Regulation,Tax & Compliance Access Bank, IFC Empower 50 Female Entrepreneurs News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29387/access-bank-ifc-empower-50-female-entrepreneurs The participants were put through a mini Masters in Business Administration (MBA) programme by the International Finance Corporation (IFC), a member of the World Bank Group. Regulation,Tax & Compliance Bank of Ghana keeps policy rate at 14.5% News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29388/bank-of-ghana-keeps-policy-rate-at-145 On the depreciating cedi, the Governor said the central bank is looking at adding about $300 million to its international reserves by the end of the year. Regulation,Tax & Compliance Making it easier to obtain residency in Mauritius News Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29391/making-it-easier-to-obtain-residency-in-mauritius For individuals who have more available funds, the PDS or investment option may be more attractive. Regulation,Tax & Compliance Mauritius – returning to its “white-listing” status News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29392/mauritius-ampndash-returning-to-its-ampldquowhite-listingamprdquo-status There are currently two lists that are of significant concern to the authorities and business community in Mauritius; the European Commission List of High-Risk Countries and the Financial Action Task Force’s (FATF) List of Jurisdictions under Increa Regulation,Tax & Compliance S.Africa economic recovery likely to be 'slow and difficult,' c.bank says News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29399/safrica-economic-recovery-likely-to-be-amp039slow-and-difficultamp039-cbank-says Speaking at an emerging market central banking summit, Tshazibana added that the South African Reserve Bank still had policy space but that there were a number of risks looming over the medium term. Regulation,Tax & Compliance Watchdog calls for the banning of Deloitte boss from auditing profession over African Bank failures News Aggregation Team Tuesday, November 24, 2020 12:00 am http://africabankers.net/article/29401/watchdog-calls-for-the-banning-of-deloitte-boss-from-auditing-profession-over-african-bank-failures The state auditing watchdog has called for the deputy CEO of Deloitte Africa to face the most severe sanction available – a banning from the auditing profession. Regulation,Tax & Compliance Kenya, Britain $11m climate change war chest ahead of Glasgow meeting News Aggregation Team Sunday, November 22, 2020 12:00 am http://africabankers.net/article/29362/kenya-britain-11m-climate-change-war-chest-ahead-of-glasgow-meeting Kenya, a sustainable development powerhouse with an ambitious NDC target to reduce emissions by 30 per cent by 2030, had in earlier negotiations with UN Development Programme led by Resident Representative Walid Badawi, been challenged to set higher targe ESG Join hands for a strong global recovery from COVID-19, urges African Development Bank President News Team Monday, November 16, 2020 12:00 am http://africabankers.net/article/29265/join-hands-for-a-strong-global-recovery-from-covid-19-urges-african-development-bank-president Adesina highlighted a number of disparities that the pandemic has laid bare in Africa ESG Green route may be among few financing options for government News Team Monday, November 16, 2020 12:00 am http://africabankers.net/article/29281/green-route-may-be-among-few-financing-options-for-government Pandemic has strengthened the investment community’s commitment to ESG issues ESG Corrected-S.African investors exit local coal project on climate concerns News Aggregation Team Tuesday, November 10, 2020 12:00 am http://africabankers.net/article/29197/corrected-safrican-investors-exit-local-coal-project-on-climate-concerns Africa’s biggest CO2 emitter and one of the world’s top-ten coal producers had pledged to reduce emissions by more than one third by this year under the Copenhagen Accord ESG Commitment to sustainability opening doors to post-pandemic capital in Africa News Aggregation Team Monday, November 09, 2020 12:00 am http://africabankers.net/article/29165/commitment-to-sustainability-opening-doors-to-post-pandemic-capital-in-africa Access to funding is also becoming intricately linked to a commitment to ESG principles, with industrials looking at sustainability initiatives as a way to source capital for projects in Africa. ESG Commitment to sustainability opening doors to post-pandemic capital in Africa News Team Friday, November 06, 2020 12:00 am http://africabankers.net/article/29141/commitment-to-sustainability-opening-doors-to-post-pandemic-capital-in-africa By Wildu du Plessis, Head of Africa, Baker McKenzie ESG Covid-19 Has Added Impetus To Africa’s Sustainable Finance Market – Standard Bank CEO Sim Tshabalala News Aggregation Team Thursday, November 05, 2020 12:00 am http://africabankers.net/article/29131/covid-19-has-added-impetus-to-africaamprsquos-sustainable-finance-market-ampndash-standard-bank-ceo-sim-tshabalala Against this backdrop, the growth of the sustainable finance market’s growth is being supported by the establishment of ESG linked funds, Sustainable Indices, and by an evolving regulatory environment. ESG Appetite for ESG accelerates during pandemic: Royal Bank of Canada survey News Team Thursday, October 15, 2020 1:00 am http://africabankers.net/article/28848/appetite-for-esg-accelerates-during-pandemic-royal-bank-of-canada-survey This trend was also evident when respondents were asked about the ability of ESG integrated portfolios to generate long-term sustainable alpha and to mitigate risk. ESG Unlocking Africa’s ESG potential News Team Wednesday, October 14, 2020 1:00 am http://africabankers.net/article/28827/unlocking-africaamprsquos-esg-potential This gives rise to missed opportunities and stifles the ability of ESG investment to flow into projects in Africa ESG Absa Bank Becomes First Bank To Join Kenya Green Building Society News Aggregation Team Friday, October 02, 2020 1:00 am http://africabankers.net/article/28673/absa-bank-becomes-first-bank-to-join-kenya-green-building-society Absa Bank Kenya PLC has been recognized as the first bank in Kenya to join the Kenya Green Building Society (KGBS) as a champion for initiatives that promote the green economy by reducing pollution and improving people’s lives while fostering econom ESG COVID-19 is a ‘wake-up command’ to address Africa’s challenges - Tony Blair News Team Wednesday, November 18, 2020 12:00 am http://africabankers.net/article/29309/covid-19-is-a-amplsquowake-up-commandamprsquo-to-address-africaamprsquos-challenges-tony-blair Over 4,500 delegates from across the globe including Government Officials, Governors and Executive Directors of the Bank Group, the Bank’s Senior Management, and leading experts and heads of institutions tuned in to the lecture. Covid-19 COVID-19 is a ‘wake-up command’ to address Africa’s challenges - Tony Blair News Team Tuesday, November 17, 2020 12:00 am http://africabankers.net/article/29293/covid-19-is-a-amplsquowake-up-commandamprsquo-to-address-africaamprsquos-challenges-tony-blair The former UK prime minister addressed a virtual audience on the topic Building Back Better in Post COVID-19 Africa: The Role of Technology and Governance, as part of the Kofi A. Annan Lecture Series Covid-19 COVID-19 cut foreign investments to three-year low at $1.3tr News Aggregation Team Thursday, November 12, 2020 12:00 am http://africabankers.net/article/29236/covid-19-cut-foreign-investments-to-three-year-low-at-13tr Chioke said data from Bitcoin promoters in the country have shown that Nigeria recently overtook the United States as the country with the most downloads of the Bitcoin wallet. Covid-19 Banks provided R50bn in financial relief over lockdown News Aggregation Team Wednesday, November 11, 2020 12:00 am http://africabankers.net/article/29215/banks-provided-r50bn-in-financial-relief-over-lockdown But there’s little demand for state-backed loan guarantee scheme. Covid-19 How Africa Can Self-Finance its Economic Recovery News Aggregation Team Wednesday, November 04, 2020 12:00 am http://africabankers.net/article/29110/how-africa-can-self-finance-its-economic-recovery The continent must now navigate economic recovery while building resilience to future shocks. Covid-19 Employers hold Sh2.3bn in pension cash as Corona eats into revenues News Aggregation Team Wednesday, November 04, 2020 12:00 am http://africabankers.net/article/29116/employers-hold-sh23bn-in-pension-cash-as-corona-eats-into-revenues The Sh1.3 trillion industry is facing its toughest test with some schemes reporting defaults by employers Covid-19 African banks - finding balance between post-pandemic challenges and opportunities News Team Wednesday, October 28, 2020 12:00 am http://africabankers.net/article/29005/african-banks-finding-balance-between-post-pandemic-challenges-and-opportunities While the big banks have been affected by the pandemic, they still have liquidity and strong capital levels and should not need to raise capital as a result of the impact of COVID-19. Covid-19 How the virus worsened South Africa’s debt woes News Aggregation Team Wednesday, October 28, 2020 12:00 am http://africabankers.net/article/29022/how-the-virus-worsened-south-africaamprsquos-debt-woes While the rand is near its best level since March and bond yields have recovered from a blowout when a virus lockdown started, the generic 10-year yield remains above 9%, suggesting a risk premium is still priced in on the country’s debt. Covid-19 Tanzania acquires Sh5.5bn loan from ADB for Covid response News Aggregation Team Tuesday, October 20, 2020 1:00 am http://africabankers.net/article/28905/tanzania-acquires-sh55bn-loan-from-adb-for-covid-response The government, led by President John Pombe Magufuli is planning on building economic resilience, while mitigating the socio-economic and health impacts of the pandemic, particularly on local businesses, vulnerable households and the country’s healt Covid-19 How Lenders Laced Covid-19 Loans Relief With Hidden Pain News Aggregation Team Tuesday, October 20, 2020 1:00 am http://africabankers.net/article/28913/how-lenders-laced-covid-19-loans-relief-with-hidden-pain "If you don't have your mortgage payment on April 1, why in the world would you have $6,000 on June 23?" the borrower posed in the interview with Reuters. Covid-19