Danny O.

BOOK RECOMMENDATION ~ Want to know how to be ahead of an evolving financial industry? Read "The Evolving Dynamic of the Financial Industry " by - Dr Hassan Abdullahi. The book explores traditional banks and Fintech firms and their evolving dynamics in the digital age. #TPPAfrica #Finance #SDG8

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📢 Join the conversation at the 7th Annual East Africa Finance Summit (EAFS)! As we challenge traditional notions and explore the future of banking in an ever-evolving financial landscape. In an era of fintech innovation, digital disruption, and changing consumer preferences, the role of banks is being redefined. From mobile banking to decentralized finance, new players are transforming the way we access financial services. At EAFS, we'll dive deep into this question, examining the evolving role of banks and the emergence of alternative financial solutions. Don't miss this opportunity to gain insights, share perspectives, and shape the future of banking in East Africa. Register now to secure your spot: https://lnkd.in/etu3wd9j For inquiries, please contact us: Mobile: +2519-1162 9011 | Fixed-line: +251-118120600 E-mail: eafs@icapitalafrica.org The i-Capital Africa Institute Addis Ababa University Nairobi Securities Exchange PLC Association of Ethiopian Insurers ethio telecom telebirr Ethiopian Capital Market Authority FSD Ethiopia National Bank of Ethiopia Ministry of Finance, Ethiopia #EAFS2024 #FinanceSummit #EastAfrica #Banking #Fintech #FutureOfFinance #EconomicEmpowerment

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Join our Britam Asset Managers CEO, Barack Obatsa tomorrow morning at 8:00am on Radio Maisha and discover Britam's innovative investment solutions firsthand. Let's transform your aspirations into tangible achievements together. #BritamCares | #FriendsForLife

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African Export-Import Bank (Afreximbank) achieves another remarkable performance despite global challenges In 2023, #Afreximbank saw substantial growth with net interest income reaching $1.4 billion, up from $910.3 million in 2022—an impressive 58.67% increase. This success was driven by a 78.59% rise in interest income, totaling $2.5 billion, fueled by expanded loans and advances. With total assets growing by 20.12% to $33.5 billion, Afreximbank remains steadfast in its commitment to intra-African trade promotion, industrialisation, and export development, all while bolstering its #leadership in trade #finance. Despite global headwinds such as supply chain disruptions and high interest rates, Afreximbank continues to support member countries with trade finance solutions, enhancing food security, and mitigating climate change impacts. Join us in celebrating Afreximbank’s resilience and commitment to sustainable growth and economic stability in Africa! 👉 Read the full article by Afreximbank here: Sponsored by African Export-Import Bank (Afreximbank) #TradeFinance #EconomicResilience #IntraAfricanTrade #FinancialPerformance #GlobalChallenges #Industrialization

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Cultivating a culture of adaptability and learning enables businesses in Accounting, Banking, and Finance to thrive in challenging environments. Find out how continuous improvement and flexibility lead to success. The Loan Repayment Renaissance: An economic downturn caused a surge in loan defaults in African microfinance institutions. Companies like ReadyGlobal's financial modeling experts helped them develop flexible repayment plans. This empathy and adaptability recovered many African microfinance institutions from defaulted loans and fostered stronger relationships with borrowers. #AdaptabilityCulture #ContinuousLearning #SuccessMindset #businessadaptability #financeindustry #accountingtips #bankingstrategies #continuousimprovement #flexibilityiskey Image by jamiekettle10 from unsplash

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The convergence of cryptocurrency and online gambling marks a significant shift in how digital transactions are managed within this sector. As both industries embrace technological advances, integrating digital currency has become a game-changer, offering enhanced security, privacy, and speed of transactions.

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Abdul Davids, Camissa Asset Management, Maahir Jakoet, Old Mutual Investment Group, and Mohammed Vadee, Al-Himayah, take part in this Masterclass to share their insights into Shariah Investing👉 https://lnkd.in/e99KdMft Our panel of experts discuss whether #Shariah funds can outperform conventional funds, the correlation between movements in #InterestRates and portfolios, and what kind of income to expect.

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Zambia Nears Financial Crisis Resolution, Over 90% of Bondholders Agree to Restructuring Proposal Zambia has taken a giant leap towards resolving its financial woes, with an overwhelming majority of its international bondholders agreeing to a new debt restructuring plan. This development is a welcome step forward in the country's journey to recover from an extended period of default, according to a statement released by Zambia's Ministry of Finance on Tuesday. The ministry expressed confidence that the necessary quorum would be achieved and that the extraordinary resolutions pertaining to each series of existing notes would be approved in upcoming meetings. It's worth noting that Zambia defaulted on its financial obligations over three years ago and has been navigating debt restructuring under the auspices of the Common Framework initiative. This G20-led programme aims to facilitate debt reorganization for low-income countries by bringing together major creditors, including China and the Paris Club—a group of developed creditor nations. Zambia's debt restructuring process, considered a test case, has faced considerable delays. These delays have had ripple effects, hindering investments, stifling economic growth, and creating a sense of uncertainty in local financial markets. The country's economic challenges were further exacerbated by a severe drought. The proposed restructuring plan offers bondholders an exchange of three existing instruments with maturity dates in 2022, 2024, and 2027 for two amortizing bonds. Interestingly, one of these new bonds will offer higher repayments if Zambia's economic outlook improves. International support for Zambia's efforts became evident in 2022 when the country secured a substantial loan of $1.3 billion from the International Monetary Fund (IMF). This support was contingent on successful debt restructuring with other creditors. Despite the challenges, trading of Zambia's international bonds has remained stable, with the 2024 bond holding steady at 63.4 cents on the dollar and the 2027 bond at 75.9 cents, as per Tradeweb data. As Zambia continues on this positive trajectory, it is poised to regain its financial footing and unlock the much-needed investments and economic growth that have been on hold during this challenging period. The successful resolution of this crisis will undoubtedly have a ripple effect on the country's overall economic landscape and the well-being of its citizens.

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Beyond what is invested and the expected investment from the private sector, there is additional capital and operational investment that is required for the Sub-Saharan Africa region to achieve near-universal mobile broadband coverage.   Our stakeholders, industry experts and government leaders have actively advocated for the implementation of Universal Service Funds (USFs) as an important intervention in the efforts to close this gap.   How can we quantify this extra investment needed from USFs to close this coverage gap? Our 2023 report on #USF in Africa provides an in-depth analysis of some of the countries with the largest coverage gap in the region and analyzes the different segments and the interventions needed to expand the existing coverage.   Read more on the different segments of expanding coverage with more on the USF Report: https://lnkd.in/dVJmqPHX #USF#DigitalInclusion #CoverageGap ATU-African Telecommunications Union Smart Africa MTN Airtel Africa Axian Group Orange ethio telecom Vodacom

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Beyond what is invested and the expected investment from the private sector, there is additional capital and operational investment that is required for the Sub-Saharan Africa region to achieve near-universal mobile broadband coverage.   Our stakeholders, industry experts and government leaders have actively advocated for the implementation of Universal Service Funds (USFs) as an important intervention in the efforts to close this gap.   How can we quantify this extra investment needed from USFs to close this coverage gap? Our 2023 report on USF in Africa provides an in-depth analysis of some of the countries with the largest coverage gap in the region and analyzes the different segments and the interventions needed to expand the existing coverage.   A summary of the different segments of expanding coverage with more on the USF Report can be found here: https://lnkd.in/dVJmqPHX #UniversalServiceFund #DigitalInclusion #CoverageGap

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In Case You Missed it! Watch Ejikeme Okoli, Director, Strategy and Africa Operations, United Capital Plc, discuss our consistent growth trajectory and 2024 outlook on CNBC Africa. #UnitedCapital #InvestmentBanking #SuccessStory #InvestNow

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📊 Is FX Fluctuation a Barrier for Your Business in Africa? Check Out BitLipa's Solution! Africa's financial scene grapples with the challenge of FX volatility, a significant hurdle affecting both businesses and consumers. With local currencies experiencing up to a 30% depreciation annually against major global currencies, the impact is felt deeply across the board. BitLipa's Ready-To-Use Solution: Enter BitLipa, your beacon in the storm of FX fluctuations. Our platform is designed to counter these challenges head-on. By enabling merchants to accept payments in local currencies and settle in stablecoins, BitLipa introduces a layer of stability unseen before. This means leveraging the solidity of major currencies to minimize the effects of FX swings and protect your financial transactions from the unpredictability of currency depreciation. 📧 Ready to Navigate the FX Waves? Reach out to us at https://lnkd.in/dpnb7KVd #Crypto #Fiat #Stablecoin #BusinessInAfrica #Transactions #Volatility #CryptoPayments #Innovations #PaymentSolution #FinancialIndustry #Fintech #FintechAfrica

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As at our last financial year, MTN made a total tax contribution of $3.3 billion (R61.7 bn) across 19 markets. As the pan-African mobile giant inches closer to celebrate their 30th anniversary next month, it recently released its 2023 Tax Report which details that the overall economic contribution of the Group across its markets goes beyond just the corporate taxes it pays. MTN Group Chief Financial Officer Tsholofelo Molefe underlined that the company makes "impactful socio-economic contributions" to society through an evolving tax environment across the world and in Africa. Read our Tax Report and learn more about our socio-economic contributions in markets where we operate. Read more on ITWeb Africa: https://lnkd.in/d2iK59mm Download our Tax Report: https://bit.ly/4boZmEP #DoingforTomorrowToday #30yearsofMTN

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🌍 Excited to share insights from a recent interview with our Chair, Obaid Amrane, on #Africa's #sovereignwealthfunds on CNBC Africa. In the interview, Mr Amrane highlights three key points: 👉Africa's SWFs are diverse, and many of them invest at home to catalyse economic development and crowd in #FDI. Not all SWFs are commodity stabilisation funds! 👉Mr Amrane highlighted the success of IFSWF members NSIA: Nigeria Sovereign Investment Authority and FONSIS - Fonds Souverain du Sénégal in financing #infrastructure projects, #renewableenergy, and supporting #SMEs. 👉African SWFs need help to develop their countries' #investment industry, enhance #governance structures, and align with international investor expectations to maximize their impact in driving #economicgrowth. These issues will be up for discussion at the Africa Sovereign Investors Forum meeting hosted by Mauritius Investment Corporation (MIC) Ltd next month. https://lnkd.in/eF_qb_xm

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Announcing our latest Africa Business Community member! Welcome to Peter Zimzim Desh Kutik from African Wealth Management Authority (AWMA) Co.Ltd, South Sudan. Visit https://bit.ly/3EuIY5W to Join FREE! Company Overview: The African Wealth Management Authority (AWMA) is a pioneering non-governmental organisation committed to advancing the wealth management industry across Africa. Through a steadfast dedication to professionalism, collaboration, and innovation, AWMA endeavours to establish industry benchmarks, enrich professional growth, foster synergistic partnerships, champion industry interests, and advocate for financial inclusion and sustainable economic development throughout the continent. Project areas: 1. Professional Development for Wealth Managers: Enhance skills and knowledge of wealth management practitioners through training, certifications, and mentorship programs. 2. Financial Inclusion: AWMA expands access to financial inclusion tools, capacity building training and other resources to underserved communities in South Sudan currently and might scale to other African countries later. 3. Sustainable Economic Growth initiatives: like promotion of responsible investing and entrepreneurship to stimulate economic activities in South Sudan 4. Environmental Stewardship: Responsible Waste disposal, responsible oil mining and regulatory adherence 5. Real Estate Business #africa #sustainabledevelopment #impactinvesting #financialinclusion #africarising #socialimpact #socialinnovation #southsudan

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