Managers of Wealth - Africa http://africabankers.net/ Sun, 31 May 2020 05:31:27 BST part of MediaG8way Group http://africabankers.net/ http://africabankers.net/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Old Mutual shows first signs of a struggling insurance sector News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27024/old-mutual-shows-first-signs-of-a-struggling-insurance-sector The insurance group, which is the second biggest in the country after Sanlam, said sales in its biggest division, the Mass and Foundation Cluster, were down around 90% in April. Wealth and Asset Management Work reimagined: a two-geared approach to reopening and transforming your business News Team Monday, May 25, 2020 1:00 am http://africabankers.net/article/26958/work-reimagined-a-two-geared-approach-to-reopening-and-transforming-your-business How companies switch the lights back on in their operations can create a new corporate culture of care and confidence that will have far-reaching effects long after the pandemic has ceased to be an existential threat. Wealth and Asset Management South Africa's Investec says well placed to support clients News Aggregation Team Thursday, May 21, 2020 1:00 am http://africabankers.net/article/26916/south-africaamp039s-investec-says-well-placed-to-support-clients “The year ahead will be challenging. And (the) impact of COVID-19 will be protracted,” Fani Titi, Investec’s Chief Executive said during a media call after its results. Wealth and Asset Management Finding scaling solutions for the masses News Aggregation Team Tuesday, May 19, 2020 1:00 am http://africabankers.net/article/26878/finding-scaling-solutions-for-the-masses The financial advice they do receive isn’t holistic and is directed towards savings, life assurance or funeral cover needs and less so towards debt management and budgeting. Wealth and Asset Management Exploring AI in Wealth Management News Aggregation Team Thursday, May 07, 2020 1:00 am http://africabankers.net/article/26748/exploring-ai-in-wealth-management Since then, countries with strict confidentiality status have experienced changes and today firms appreciate that HNWIs have become more tech-savvy and are seeking access to information, instantly and accurately. Wealth and Asset Management Billionaires supporting fight against COVID-19 News Aggregation Team Sunday, May 03, 2020 1:00 am http://africabankers.net/article/26680/billionaires-supporting-fight-against-covid-19 There is no doubt that the coronavirus pandemic has exposed the frailties of the human race. Wealth and Asset Management South Africa: Nation's Richest 3,500 Own More Than the Bottom 32 Million News Aggregation Team Tuesday, April 28, 2020 1:00 am http://africabankers.net/article/26611/south-africa-nationamp039s-richest-3500-own-more-than-the-bottom-32-million The new research has brought to light the staggering reality of how much is owned in South Africa, and just how few people actually own it. Wealth and Asset Management Review of the Week: Too much oil News Team Monday, April 27, 2020 1:00 am http://africabankers.net/article/26605/review-of-the-week-too-much-oil Crazy phenomena like negative oil prices will keep popping up over the coming months warns our chief investment officer Julian Chillingworth. Investors will ignore most of it, but when they do panic, stocks could return to their March lows. Wealth and Asset Management Kruger Shalati – An ultra luxury train hotel that will be stationed on a bridge in South Africa’s iconic Kruger national park News Aggregation Team Friday, April 24, 2020 1:00 am http://africabankers.net/article/26581/kruger-shalati-ampndash-an-ultra-luxury-train-hotel-that-will-be-stationed-on-a-bridge-in-south-africaamprsquos-iconic-kruger-national-park Each of the glass-walled, large train rooms further provides panoramic views along the length of the majestic Sabie River Wealth and Asset Management Why brand building is essential in times of precarity News Team Wednesday, April 22, 2020 1:00 am http://africabankers.net/article/26546/why-brand-building-is-essential-in-times-of-precarity The key to the popularity of these durable advertising campaigns was that they exercised a ‘feel good’ factor and prompted memories of better times. Wealth and Asset Management South Africa: Abel Sithole new boss of Africa’s largest asset manager News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27028/south-africa-abel-sithole-new-boss-of-africaamprsquos-largest-asset-manager The date of his actual appointment is yet to be determined, although he is already involved in the recruitment of the rest of the public company’s senior management. Executive Moves D. K Mensah set to retire from Ghana Association of Bankers News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26991/d-k-mensah-set-to-retire-from-ghana-association-of-bankers D.K. Mensah was employed as a Research Economist by the National Investment Bank in 1985. Executive Moves JP Morgan DCM syndicate head departs for Citi News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26992/jp-morgan-dcm-syndicate-head-departs-for-citi Nick Darrant will co-head the DCM syndicate business in EMEA at Citi after five years in a similar role at JP Morgan. Executive Moves Credit Suisse appoints head of AM investment strategy Switzerland & EMEA News Aggregation Team Tuesday, May 26, 2020 1:00 am http://africabankers.net/article/26974/credit-suisse-appoints-head-of-am-investment-strategy-switzerland-ampamp-emea He has worked at Credit Suisse since 2002. Executive Moves John Awuah appointed Deputy CEO of Ghana Association of Bankers News Aggregation Team Thursday, May 21, 2020 1:00 am http://africabankers.net/article/26922/john-awuah-appointed-deputy-ceo-of-ghana-association-of-bankers John will lead all strategic initiatives of GAB Executive Moves Lawyer Wafula Nyongesa sworn in as Tax Appeals Tribunal Chair News Aggregation Team Tuesday, May 19, 2020 1:00 am http://africabankers.net/article/26875/lawyer-wafula-nyongesa-sworn-in-as-tax-appeals-tribunal-chair In their letter to Yattani, LSK termed his appointment as unlawful and unconstitutional demanding a competitive recruitment process or the position of the chairperson. Executive Moves JPMorgan Fills Senior Leadership Roles After February Makeover News Aggregation Team Tuesday, May 19, 2020 1:00 am http://africabankers.net/article/26880/jpmorgan-fills-senior-leadership-roles-after-february-makeover Aloke Gupte and Alex Watkins will become co-heads of equity capital markets in EMEA and Keith Canton will become global head of private placements. Executive Moves Blue Bank Appoints New Business Banking Relationship Managers News Aggregation Team Tuesday, May 19, 2020 1:00 am http://africabankers.net/article/26883/blue-bank-appoints-new-business-banking-relationship-managers The appointments are effective 1 May. Executive Moves Steinhoff Chairperson Heather Sonn has resigned News Aggregation Team Monday, May 18, 2020 1:00 am http://africabankers.net/article/26862/steinhoff-chairperson-heather-sonn-has-resigned Sonn was appointed the scandal plagued retailer's acting chairperson in mid-December 2017, following the resignation of billionaire Christo Wiese. Executive Moves Balogun Olalekan assumes office as MD/CEO of UBA Ghana News Aggregation Team Friday, May 15, 2020 1:00 am http://africabankers.net/article/26846/balogun-olalekan-assumes-office-as-mdceo-of-uba-ghana UBA Ghana is the biggest subsidiary operation of UBA Plc outside of Nigeria in the twenty (20) countries. Executive Moves The African movement tracking coronavirus cash corruption News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27014/the-african-movement-tracking-coronavirus-cash-corruption As cases of Covid-19 rise across Africa, international aid is flooding in but there are fears that some of the funds are misappropriated Legal Kenyan elite accused of stashing Sh320bn abroad News Aggregation Team Friday, May 22, 2020 1:00 am http://africabankers.net/article/26925/kenyan-elite-accused-of-stashing-sh320bn-abroad In Kenya, Sh136.2 billion was in bank havens that are secretive and have less regulation, providing a perfect cover to conceal the money trail. Legal Kenya’s elite cart away Sh328bn of World Bank aid News Aggregation Team Friday, May 22, 2020 1:00 am http://africabankers.net/article/26927/kenyaamprsquos-elite-cart-away-sh328bn-of-world-bank-aid The study compared data on aid disbursements from the World Bank with foreign deposits from the Bank for International Settlements (BIS), focusing on 22 aid-dependent countries including Kenya, Uganda and Tanzania. Legal GT Bank Liberia Reputation Questioned, For Allegedly ‘Stealing Monies’ From Ex-President Sirleaf Son’s Accounts News Aggregation Team Friday, May 22, 2020 1:00 am http://africabankers.net/article/26933/gt-bank-liberia-reputation-questioned-for-allegedly-amplsquostealing-moniesamprsquo-from-ex-president-sirleaf-sonamprsquos-accounts This latest action on the alleged part of the GT Bank Liberia brings to several others who have complained that their accounts were illegally tempered with without redress from the management of the bank as to what gave rise to such action at the bank. Legal Bureau-de-change operator bags 7 years for fraud News Aggregation Team Thursday, May 21, 2020 1:00 am http://africabankers.net/article/26918/bureau-de-change-operator-bags-7-years-for-fraud He said the convict had pleaded not guilty to charges Legal P&ID: FG may file fresh charges against Diezani News Aggregation Team Monday, May 18, 2020 1:00 am http://africabankers.net/article/26870/pampampid-fg-may-file-fresh-charges-against-diezani The Nigerian government said the 10 banks are “likely to have processed US dollar transactions connected to P&ID’s operations as either correspondent banks or the New York branches of foreign lenders.” Legal Billionaire Isabel Dos Santos Calls For Assets To Be Unfrozen—Points To Fake Passport Signed By ‘Bruce Lee’ News Aggregation Team Thursday, May 14, 2020 1:00 am http://africabankers.net/article/26835/billionaire-isabel-dos-santos-calls-for-assets-to-be-unfrozenampmdashpoints-to-fake-passport-signed-by-amplsquobruce-leeamprsquo False documents and false statements have been deliberately brought before the court Legal Appleby Mauritius Advises and Protects the Interests of Minority Shareholder Amidst Shareholder Dispute News Team Sunday, May 10, 2020 1:00 am http://africabankers.net/article/26772/appleby-mauritius-advises-and-protects-the-interests-of-minority-shareholder-amidst-shareholder-dispute Appleby Mauritius advised the Applicant, a minority shareholder which holds stakes in a joint venture company, invested in the transportation of crude oil and other oil products in Africa. Legal South Africa: Guidelines to monitor and manage employees with symptoms of COVID-19 and related infections News Team Wednesday, May 06, 2020 1:00 am http://africabankers.net/article/26733/south-africa-guidelines-to-monitor-and-manage-employees-with-symptoms-of-covid-19-and-related-infections Employers should take heed of the Department of Health Guidelines Legal Mauritius Minister of Finance, Economic Planning and Development issues regulations under the Mauritius Companies Act 2001 and the Insolvency Act 2009 News Team Wednesday, May 06, 2020 1:00 am http://africabankers.net/article/26738/mauritius-minister-of-finance-economic-planning-and-development-issues-regulations-under-the-mauritius-companies-act-2001-and-the-insolvency-act-2009 The passing of regulations of the nature outlined above by the Government of Mauritius Legal African ATMs to run software developed by Fife fintech Renovite Technologies News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27016/african-atms-to-run-software-developed-by-fife-fintech-renovite-technologies A Fife fintech has landed a major contract to provide software for a new ATM network being installed in Africa. FinTech South Africa’s Mama Money Expands Global Reach with Western Union News Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27012/south-africaamprsquos-mama-money-expands-global-reach-with-western-union Customers Can Now Send International Money Transfers to 200 Countries and Territories via the Mama Money Mobile App FinTech The quest for cyber sovereignty is dark and full of terrors News Team Tuesday, May 26, 2020 1:00 am http://africabankers.net/article/26973/the-quest-for-cyber-sovereignty-is-dark-and-full-of-terrors This narrative has manifest itself in two polarising concepts, ‘digital colonialism’ and ‘cyber sovereignty’. FinTech This Bitcoin Documentary From Africa Is Streaming on Amazon Prime News Aggregation Team Thursday, May 21, 2020 1:00 am http://africabankers.net/article/26909/this-bitcoin-documentary-from-africa-is-streaming-on-amazon-prime So far, it appears Nigeria, South Africa, Kenya and Ghana are home to the fastest-growing communities of bitcoin users on the continent. FinTech Binance Launches Fiat Gateways for South Africa News Aggregation Team Wednesday, May 20, 2020 1:00 am http://africabankers.net/article/26894/binance-launches-fiat-gateways-for-south-africa South Africa is one of the larger nations in Africa, and Binance wants to reach it directly. FinTech Why it is imperative that Africa looks into cryptocurrencies and Blockchain News Aggregation Team Wednesday, May 20, 2020 1:00 am http://africabankers.net/article/26895/why-it-is-imperative-that-africa-looks-into-cryptocurrencies-and-blockchain Considering that we moved from barter trade, to the gold standard, to fiat, to digital currency and considering the fact that everything is bound to grow and to change, they are probably correct. FinTech Stanbic And ConsumerCentriX Launch COVID-19 Business Information Hub News Aggregation Team Wednesday, May 20, 2020 1:00 am http://africabankers.net/article/26901/stanbic-and-consumercentrix-launch-covid-19-business-information-hub Over the last few months, Stanbic Bank has already introduced a range of innovative products and services to support entrepreneurs with overcoming these challenges. FinTech Ecobank Group and Google collaborating to deliver digital solutions tailored for Ecobank’s SME' customers News Team Wednesday, May 20, 2020 1:00 am http://africabankers.net/article/26903/ecobank-group-and-google-collaborating-to-deliver-digital-solutions-tailored-for-ecobankamprsquos-smeamp039-customers The aim is to assist African businesses remain relevant and fulfil their potential by embracing digital capabilities FinTech Carbon Express - Carbon launches its new Social Banking Service News Team Wednesday, May 20, 2020 1:00 am http://africabankers.net/article/26904/carbon-express-carbon-launches-its-new-social-banking-service Customers can securely make payments and transactions without leaving their social apps FinTech SA insurtech CompariSure lands investment News Aggregation Team Tuesday, May 19, 2020 1:00 am http://africabankers.net/article/26881/sa-insurtech-comparisure-lands-investment The startup distributes financial services products via its proprietary chatbot technology that leverages platforms like Facebook Messenger and WhatsApp. FinTech Equity Bank Q1 profit drops 14pc to Sh5.2bn News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27026/equity-bank-q1-profit-drops-14pc-to-sh52bn Equity Bank, which has restructured Sh92 billion or 25.1 percent of its loan book due to the pandemic’s decided to recall proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion to conserve cash as the coronavirus bites. Retail Banking Access Bank Urges Customers to be Wary of Scams News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27027/access-bank-urges-customers-to-be-wary-of-scams Because of the peculiar nature of the lockdown situation, people are exposed to all sorts of threats including financial that may sometimes come in different and unusual format. Retail Banking CBK holds benchmark lending rate at seven percent News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27000/cbk-holds-benchmark-lending-rate-at-seven-percent The banking sector remains stable, it said, adding that fiscal stimulus measures unveiled by the government would kick in strongly in the financial year starting in July. Retail Banking OIGARA: KCB Group remains resilient even in the face of a difficult period News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27002/oigara-kcb-group-remains-resilient-even-in-the-face-of-a-difficult-period Under the prevailing circumstances it is a good performance. Retail Banking Absa posts 3pc profit growth in first quarter News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27004/absa-posts-3pc-profit-growth-in-first-quarter Absa’s mainstay lending business generated total interest revenue of Sh7.6 billion, a 2.7 percent increase from Sh7.4 billion the year before. Retail Banking Access Bank urges customers to be wary of scams News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27006/access-bank-urges-customers-to-be-wary-of-scams Customers must remember that the Bank will never ask for their BVN, full card PAN, PIN, mobile app activation code, OTP or password as it is readily available to the Bank via its database. Retail Banking SA Development Bank seeks loans to plug funding gap News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27009/sa-development-bank-seeks-loans-to-plug-funding-gap The bank provides credit to government clients throughout sub-Saharan Africa in sectors ranging from information and communications technology to transport, water and energy. Retail Banking Is Treasury killing fintech innovations? News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27013/is-treasury-killing-fintech-innovations Even in cases of credit guarantee schemes for MSMEs, the sector has had no energy to stimulate growth. Retail Banking South Africa’s Development Bank Seeks Loans to Plug Funding Gap News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26987/south-africaamprsquos-development-bank-seeks-loans-to-plug-funding-gap The Johannesburg-based firm provides credit to government clients throughout sub-Saharan Africa in sectors ranging from information and communications technology to transport, water and energy. Retail Banking Financial Institutions still the fastest growing sector in Nigeria News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26993/financial-institutions-still-the-fastest-growing-sector-in-nigeria Banks and other financial institutions posted a 24% GDP Growth Rate for the First Quarter of 2020. Retail Banking Kenya: €188m African Development Bank loan to boost COVID-19 response News Team Sunday, May 24, 2020 1:00 am http://africabankers.net/article/26940/kenya-ampeuro188m-african-development-bank-loan-to-boost-covid-19-response The loan will extend additional resources to Kenya as the country takes steps to contain the spread of the pandemic and deal with its unprecedented impact Investment Banking Investec Bank CEO sees no sector-wide relief to come from South African banks News Aggregation Team Friday, May 22, 2020 1:00 am http://africabankers.net/article/26932/investec-bank-ceo-sees-no-sector-wide-relief-to-come-from-south-african-banks Investec had already been hit by lacklustre growth in South Africa, which tipped into recession in the final quarter of 2019 Investment Banking UBA’s Investment in Safety News Aggregation Team Sunday, May 17, 2020 1:00 am http://africabankers.net/article/26852/ubaamprsquos-investment-in-safety “The pressure of the water (from government fire trucks) was not strong despite it being so close to the fire,” one Twitter user who identified as Josh said. Investment Banking Morocco’s Credit Agricole Workers Pledges $1.5 Million to COVID-19 Fund News Aggregation Team Wednesday, May 06, 2020 1:00 am http://africabankers.net/article/26723/moroccoamprsquos-credit-agricole-workers-pledges-15-million-to-covid-19-fund The country’s special fund has received billions of dollars from diverse donors. Investment Banking FBNQuest holds 5th Annual General Meeting, reports N4.2 billion PBT News Team Thursday, April 23, 2020 1:00 am http://africabankers.net/article/26555/fbnquest-holds-5th-annual-general-meeting-reports-n42-billion-pbt This performance was driven by robust growth in key business lines, especially in fixed income trading, corporate banking and asset management. Investment Banking Sub-Saharan Africa M&A transactions totalled US$4.8 billion in Q1 2020 News Team Thursday, April 16, 2020 1:00 am http://africabankers.net/article/26469/sub-saharan-africa-mampampa-transactions-totalled-us48-billion-in-q1-2020 Advisory fees earned from completed mergers and acquisitions (M&A) transactions generated US$33.5 million, down 38% year-on-year, while syndicated lending fees declined 47% to US$35.7 million. Investment Banking Standard Bank acquires 40% stake in Payment24 News Aggregation Team Wednesday, April 08, 2020 1:00 am http://africabankers.net/article/26364/standard-bank-acquires-40-stake-in-payment24 This includes the roll-out of the BlueFuel Fleet Card system across Namibia, which ensures that only authorised vehicles are able to fill up and authorize transactions Investment Banking Standard Bank unveils 90 day payment holiday for small businesses to soften coronavirus impact News Aggregation Team Monday, March 23, 2020 12:00 am http://africabankers.net/article/26153/standard-bank-unveils-90-day-payment-holiday-for-small-businesses-to-soften-coronavirus-impact The interest and fees accrued over this period will be capitalised on your lending account. Investment Banking Blue Bank Scoops Best Investment Bank Accolade News Aggregation Team Wednesday, February 12, 2020 12:00 am http://africabankers.net/article/25893/blue-bank-scoops-best-investment-bank-accolade The Standard Bank brand, the Bank has a physical presence on the African continent ensuring a deep understanding of the markets Investment Banking Goldman Sachs swims against tide in South Africa News Aggregation Team Thursday, January 30, 2020 12:00 am http://africabankers.net/article/25780/goldman-sachs-swims-against-tide-in-south-africa GSIB is also listed on the currency markets of the Johannesburg Stock Exchange, the South African stock exchange. Investment Banking Deal Making In East And Horn Of Africa Amidst The Current Pandemic News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27020/deal-making-in-east-and-horn-of-africa-amidst-the-current-pandemic Most investors have currently put negotiations on investment projects on hold but are set to deploy capital as soon as there is some confidence in the business environment. Alternative Investments Should investors join the rush? News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27023/should-investors-join-the-rush The reality is that an offshore investment should always be on your investment to-do list, and the main reason for this is diversification, both by asset class and currency. Alternative Investments Carlyle spins out African team as it ends plans for new fund News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27030/carlyle-spins-out-african-team-as-it-ends-plans-for-new-fund The move comes as the coronavirus pandemic upends global markets, with the International Monetary Fund predicting sub-Saharan Africa’s economy will shrink by 1.6% this year, the worst on record. Alternative Investments An income for life: Understanding living annuities News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27007/an-income-for-life-understanding-living-annuities What to consider when making this critical decision. Alternative Investments Zambia hires Lazard to advise on $11bn debt burden News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27015/zambia-hires-lazard-to-advise-on-11bn-debt-burden Nation seen as next big test for whether debt-distressed countries can secure deals Alternative Investments Equity halts Sh9 billion dividend on Corona fears News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26982/equity-halts-sh9-billion-dividend-on-corona-fears The bank was scheduled to pay the dividend on July 24 to shareholders on record as of June 12. Alternative Investments Odds stacked against investment industry as Covid-19 hits pension contributions News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26984/odds-stacked-against-investment-industry-as-covid-19-hits-pension-contributions South Africa has experienced low economic growth for the past few years. Alternative Investments Centurion Plus launches a full-suite Tax and Investment Service for Africa News Team Tuesday, May 26, 2020 1:00 am http://africabankers.net/article/26965/centurion-plus-launches-a-full-suite-tax-and-investment-service-for-africa The investment desk would be of immense benefit to African businesses and other foreign investors seeking to position themselves strategically Alternative Investments Rwanda Insurance companies rake in Rwf46 billion in 2019 News Aggregation Team Tuesday, May 26, 2020 1:00 am http://africabankers.net/article/26970/rwanda-insurance-companies-rake-in-rwf46-billion-in-2019 The sector makes profits from other investments such as real estate, equities, and government securities. Alternative Investments 'SA can't pull itself up by its bootstraps. There isn't money': Why global losses worry local experts News Aggregation Team Tuesday, May 26, 2020 1:00 am http://africabankers.net/article/26978/amp039sa-canamp039t-pull-itself-up-by-its-bootstraps-there-isnamp039t-moneyamp039-why-global-losses-worry-local-experts R130 billion of the package will be supported by reprioritising funds from South Africa's existing budget, while the rest must be funded externally. Alternative Investments Laureen Kouassi-Olsson : a new wave of female leaders News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27019/laureen-kouassi-olsson-a-new-wave-of-female-leaders Perhaps now than any other time, those businesses and entities promoting investment in the region have a bigger task than they have previously faced. Comment, Analysis & Research Don’t Allow AfDB’s Governance to be Hijacked, Obasanjo Writes Ex-African Leaders News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27031/donamprsquot-allow-afdbamprsquos-governance-to-be-hijacked-obasanjo-writes-ex-african-leaders He pointed out that there was need to speak against the introduction of alien practices being recommended by some parties given that such recommendation falls outside the laid down procedure, laws, rules and regulations of the Bank. Comment, Analysis & Research CFOs of FUGAZ and their 3-year performance record News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27005/cfos-of-fugaz-and-their-3-year-performance-record Among many executive positions in an organisation, the Chief Financial Officer (CFO) is sometimes considered to be one of the most strategic, and rightly so. When the firm in question is an operator in the financial services sector, then the office become Comment, Analysis & Research AfDB’s Akinwumi Adesina hits back, denies allegations against him News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27011/afdbamprsquos-akinwumi-adesina-hits-back-denies-allegations-against-him “I maintain my innocence with regard to trumped-up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank.” -Adesina Comment, Analysis & Research R400bn decline in pension funds affects South African household wealth News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26983/r400bn-decline-in-pension-funds-affects-south-african-household-wealth Momentum researcher Johann van Tonder said the decline was 52.5percent more than the previous largest quarterly fall during the 2008 Great Recession. Comment, Analysis & Research Achieving business resiliency in the new reality of work News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26986/achieving-business-resiliency-in-the-new-reality-of-work It is worth noting that the industries proving to be most resilient right now share one quality – adaptability. Comment, Analysis & Research Morocco Ranks First in Africa for Macroeconomic Integration News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26988/morocco-ranks-first-in-africa-for-macroeconomic-integration The 2019 Africa Regional Integration Index measures countries’ integration with their neighbors based on five different dimensions. Comment, Analysis & Research Mauritius: an African success story News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26989/mauritius-an-african-success-story The gross domestic product trended upwards, reaching an estimated $10,200 in 2019 – the third highest in Africa after Equatorial Guinea and Seychelles, according to the African Development Bank Group. Comment, Analysis & Research SA’s best kept investment secret? News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26990/saamprsquos-best-kept-investment-secret He reveals that a little-known fund manager, with a quirky and not particularly memorable name, has attracted an ever-bigger slice of his clients’ funds on the back of superior returns. Comment, Analysis & Research Dangote, MTN emerge most admired African brands News Aggregation Team Wednesday, May 27, 2020 1:00 am http://africabankers.net/article/26998/dangote-mtn-emerge-most-admired-african-brands Africa’s Best Brands survey and rankings have established themselves as the most authoritative survey, analysis, and metric of brands in Africa. Comment, Analysis & Research Mauritius: key taxation implications of the COVID-19 Act News Team Tuesday, May 19, 2020 1:00 am http://africabankers.net/article/26876/mauritius-key-taxation-implications-of-the-covid-19-act Government has introduced a new COVID-19 Levy applicable for the years of assessment commencing on 1 July 2020, 1 July 2021 or 1 July 2022 for employers (individuals, sociétés and companies) who have benefited from the Government Wage Assist Tax Johannesburg tax advisor moves for Baker McKenzie and ENSafrica News Aggregation Team Wednesday, May 13, 2020 1:00 am http://africabankers.net/article/26808/johannesburg-tax-advisor-moves-for-baker-mckenzie-and-ensafrica ENSafrica recruited two accountants as tax executives in March. Tax Tax penalties waiver plan good for business News Aggregation Team Friday, May 08, 2020 1:00 am http://africabankers.net/article/26757/tax-penalties-waiver-plan-good-for-business Under the voluntary tax disclosure plan, which shall run for three years with effect from January 1, 2021, the Treasury says those who declare pending liability and pay within one year shall enjoy 100 percent interest and penalty waiver. Tax Detectives on trail of possible Sh5 billion tax evasion racket in mobile phone theft News Aggregation Team Friday, May 08, 2020 1:00 am http://africabankers.net/article/26759/detectives-on-trail-of-possible-sh5-billion-tax-evasion-racket-in-mobile-phone-theft The DCI sleuths and customs officials from the Kenya Revenue Authority are now seeking to establish if the owners were deliberately under-declaring the consignments or smuggling taxable products. Tax Here’s how South African tax residents and non-South African tax residents are taxed differently News Aggregation Team Sunday, May 03, 2020 1:00 am http://africabankers.net/article/26681/hereamprsquos-how-south-african-tax-residents-and-non-south-african-tax-residents-are-taxed-differently South African tax residents and non-South African tax residents are taxed differently. South African tax residents are required to pay tax on income earned in South Africa and overseas. Tax Debating a wealth tax: 'It raises a moral question in SA's unequal society' News Aggregation Team Sunday, May 03, 2020 1:00 am http://africabankers.net/article/26682/debating-a-wealth-tax-amp039it-raises-a-moral-question-in-saamp039s-unequal-societyamp039 Africa Melane gets input from Judge Dennis Davis, chairperson of the Davis Tax Committee. Tax ‘Unpeople’ and ‘Unmoney’: An activist counts the costs of the ‘uncounted’ News Aggregation Team Wednesday, April 29, 2020 1:00 am http://africabankers.net/article/26621/amplsquounpeopleamprsquo-and-amplsquounmoneyamprsquo-an-activist-counts-the-costs-of-the-amplsquouncountedamprsquo The sheer scale of the problem is by its very nature hard to quantify. Tax Uhuru signs tax relief bill to cushion Kenyans against Covid-19 News Aggregation Team Sunday, April 26, 2020 1:00 am http://africabankers.net/article/26589/uhuru-signs-tax-relief-bill-to-cushion-kenyans-against-covid-19 The new law further lowers turnover tax rate from 3 to 1 percent. Tax Stockbrokers threaten to load VAT on investors News Aggregation Team Thursday, April 09, 2020 1:00 am http://africabankers.net/article/26386/stockbrokers-threaten-to-load-vat-on-investors Kasib warns that the tax will lead to an increase in the cost of stockbrokerage, which will ultimately be paid by investors. Tax Infrastructure, green bond investors to pay levy on interest News Aggregation Team Tuesday, April 07, 2020 1:00 am http://africabankers.net/article/26340/infrastructure-green-bond-investors-to-pay-levy-on-interest The introduction of the tax is set to remove the single most distinctive and attractive feature of these bonds Tax African Development Bank: 'No Decision' Yet on Demands for Probe News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27017/african-development-bank-amp039no-decisionamp039-yet-on-demands-for-probe The AfDB's ethics panel completely cleared Adesina after conducting its own investigation, saying the accusations "rested on no objective, solid facts." Regulation,Tax & Compliance SA’s developmental finance bodies fall short on transparency News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27018/saamprsquos-developmental-finance-bodies-fall-short-on-transparency How well do SA’s two developmental finance institutions, the Industrial Development Corporation and the Development Bank of South Africa, measure up to best-practice international standards? Regulation,Tax & Compliance South Africa faces ‘historic’ Covid-19 economic shock News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27021/south-africa-faces-amplsquohistoricamprsquo-covid-19-economic-shock The debt service cost of government continues to increase, the SARB said. Regulation,Tax & Compliance Ramaphosa wants a debt freeze for Africa - and others agree News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27022/ramaphosa-wants-a-debt-freeze-for-africa-and-others-agree According to the World Bank, some creditors are committing to honour the proposal to put a hold on debt obligations. Regulation,Tax & Compliance Cabo Verde: African Development Bank Group approves 30 million euros loan to fight COVID-19 News Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27025/cabo-verde-african-development-bank-group-approves-30-million-euros-loan-to-fight-covid-19 The loan, approved on 26 May, will be used to fund the country’s health and social response, support macro-economic stability, and assist the private sector Regulation,Tax & Compliance AU, Ecobank decry limited support to MSMEs News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27029/au-ecobank-decry-limited-support-to-msmes Based on this estimated financing gap, Ecobank said only six out of 20 countries have made commitments that can cover the MSMEs labour costs, including South Africa, Egypt, Cote d’Ivoire, Gabon, Chad and Cape Verde. Regulation,Tax & Compliance Everything you need to know about moving money out of South Africa News Aggregation Team Friday, May 29, 2020 1:00 am http://africabankers.net/article/27032/everything-you-need-to-know-about-moving-money-out-of-south-africa How you intend to transfer your cash, assets and investments is one of the most important. Regulation,Tax & Compliance The African Union Development Agency (AUDA-NEPAD) and Ecobank Group announce the key focus areas of their joint initiative to support Africa’s Micro Small and Medium Enterprises News Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/26999/the-african-union-development-agency-auda-nepad-and-ecobank-group-announce-the-key-focus-areas-of-their-joint-initiative-to-support-africaamprsquos-micro-small-and-medium-enterprises Micro Small and Medium Enterprises (MSMEs) are critical to the African economy as they account for almost 85% of all private sector employment Regulation,Tax & Compliance Bill proposes CBK-rate fee on late payments News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27001/bill-proposes-cbk-rate-fee-on-late-payments In last month’s meeting, the Monetary Policy Committee made a 25-basis point cut in the base rate, to seven percent from 7.5 percent, which marked the fourth straight cut in the rate since the November 2019 meeting. Regulation,Tax & Compliance Africa Beyond Covid-19: Global leaders urge government, private sector collaboration News Aggregation Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27003/africa-beyond-covid-19-global-leaders-urge-government-private-sector-collaboration Through this virtual panel discussion, leaders emphasised the need for meaningful collaboration between governments and the private sector, as a requirement for the quick recovery of the economy of the African continent post-Covid-19. Regulation,Tax & Compliance Age of extinction: the race to save the planet News Team Friday, May 22, 2020 1:00 am http://africabankers.net/article/26938/age-of-extinction-the-race-to-save-the-planet Human activity is threatening the delicate balance between the climate and biosphere. ESG Saint or sinner? 3 questions Investment Managers need to consider when developing their ESG proposition News Team Thursday, May 21, 2020 1:00 am http://africabankers.net/article/26913/saint-or-sinner-3-questions-investment-managers-need-to-consider-when-developing-their-esg-proposition Rightly, the coverage highlighted how the COVID-19 pandemic has significantly increased focus on the Social aspect of the ESG triumvirate, and also encouraged corporates that “now is the time to emerge as a corporate ‘saint’ not ‘s ESG COVID-19 could be catalyst for ESG adoption by tech companies, finds KPMG analysis News Team Tuesday, May 19, 2020 1:00 am http://africabankers.net/article/26890/covid-19-could-be-catalyst-for-esg-adoption-by-tech-companies-finds-kpmg-analysis Industry additionally calls for more regulation and sustainability standards ESG Confronting climate risk News Aggregation Team Sunday, May 17, 2020 1:00 am http://africabankers.net/article/26858/confronting-climate-risk These physical risks from climate change will translate into increased socioeconomic risk ESG Nedbank offers climate resolutions in first for South Africa News Aggregation Team Thursday, May 14, 2020 1:00 am http://africabankers.net/article/26829/nedbank-offers-climate-resolutions-in-first-for-south-africa South African banks have come under increasing pressure in recent years to limit their lending to fossil fuel projects and disclose their climate risk. ESG Nedbank offers climate resolutions in first for South Africa News Aggregation Team Wednesday, May 13, 2020 1:00 am http://africabankers.net/article/26813/nedbank-offers-climate-resolutions-in-first-for-south-africa South African banks have come under increasing pressure ESG Maitland appointed as corporate trustee to the Green Outcomes Fund News Aggregation Team Sunday, May 10, 2020 1:00 am http://africabankers.net/article/26770/maitland-appointed-as-corporate-trustee-to-the-green-outcomes-fund The first-of-its-kind green impact fund adheres to best-practice governance Maitland, the leading global corporate services and administration firm, has been appointed as Corporate Trustee and trust administrator to the R488 million Green Outcomes Fund. ESG Earth Day 2020: a worldwide call to boost climate action News Team Wednesday, April 22, 2020 1:00 am http://africabankers.net/article/26544/earth-day-2020-a-worldwide-call-to-boost-climate-action The first Earth Day boosted environmental awareness and legislation. ESG Impact insurance crucial in climate change mitigation News Aggregation Team Tuesday, April 07, 2020 1:00 am http://africabankers.net/article/26345/impact-insurance-crucial-in-climate-change-mitigation Agriculture in Kenya has significant potential to address the challenge of producing for the future as well as tackling climate change. ESG Fast pandemic response could tackle climate crisis News Aggregation Team Friday, March 27, 2020 12:00 am http://africabankers.net/article/26221/fast-pandemic-response-could-tackle-climate-crisis Societies worldwide are changing overnight to meet the coronavirus threat. The climate crisis should match the rapid pandemic response. ESG Remote workers present a new security threat in the age of COVID-19 News Team Thursday, May 28, 2020 1:00 am http://africabankers.net/article/27008/remote-workers-present-a-new-security-threat-in-the-age-of-covid-19 Why the new work from home paradigm brought about by the pandemic has given rise to a new set of challenges for businesses Covid-19 How Covid-19 will impact African economy News Aggregation Team Monday, May 25, 2020 1:00 am http://africabankers.net/article/26945/how-covid-19-will-impact-african-economy For Africa’s economies, the implications of these challenges are far-reaching. Covid-19 Concern in South Africa as job losses pile up News Aggregation Team Thursday, May 21, 2020 1:00 am http://africabankers.net/article/26919/concern-in-south-africa-as-job-losses-pile-up This online survey of 1,005 adults in South Africa was conducted on 4 – 11 May, 2020 Covid-19 The Impact of the Covid-19 Pandemic On The South African Financial Regulatory Landscape News Aggregation Team Tuesday, May 19, 2020 1:00 am http://africabankers.net/article/26888/the-impact-of-the-covid-19-pandemic-on-the-south-african-financial-regulatory-landscape The most notable regulatory interventions by the SARB were measures to increase banks’ supply of loanable funds Covid-19 Coronavirus: Why Africans should take part in vaccine trials News Aggregation Team Monday, May 18, 2020 1:00 am http://africabankers.net/article/26860/coronavirus-why-africans-should-take-part-in-vaccine-trials So far one vaccine trial has begun in South Africa - and one is one waiting approval in Kenya. Covid-19 East Africa: COVID-19 Leaves Region in $2.3 Billion Debt Hole in Three Months News Aggregation Team Monday, May 18, 2020 1:00 am http://africabankers.net/article/26863/east-africa-covid-19-leaves-region-in-23-billion-debt-hole-in-three-months Uganda has added $540.2 million to its debt load, while Rwanda has borrowed $223.65 million. Covid-19 IMF demands better use of ‘new’ funds from Kenya News Aggregation Team Sunday, May 17, 2020 1:00 am http://africabankers.net/article/26855/imf-demands-better-use-of-amplsquonewamprsquo-funds-from-kenya The Kenyan government has also mobilised about $20 million from private sector firms and rich individuals through the Covid-19 Emergency Response Fund. Covid-19 Standard Chartered donates USD11,8m for immediate COVID-19 relief efforts across Africa and the Middle East News Team Thursday, May 14, 2020 1:00 am http://africabankers.net/article/26832/standard-chartered-donates-usd118m-for-immediate-covid-19-relief-efforts-across-africa-and-the-middle-east The donations will contribute to programmes providing urgent medical support and the protection and education of vulnerable children Covid-19 South Africa opens new coronavirus loan scheme – what you need to know News Aggregation Team Wednesday, May 13, 2020 1:00 am http://africabankers.net/article/26806/south-africa-opens-new-coronavirus-loan-scheme-ampndash-what-you-need-to-know Treasury said that government and commercial banks are sharing the risks of these loans. Covid-19 Investment banks, CMA pledge Ksh.30million for Covid-19 fund News Aggregation Team Wednesday, May 13, 2020 1:00 am http://africabankers.net/article/26811/investment-banks-cma-pledge-ksh30million-for-covid-19-fund The contribution to Kenya’s Covid-19 fund comes on the backdrop of measures to enable continuity of markets amidst disruptions caused by the pandemic Covid-19