Tag: Banking

Why Africa’s Approach to Financial Risk Management Needs to Change

Reggie Mlangeni, Head of Sales and Structuring at Absa Corporate and Investment Banking, discusses the unique challenges Africa faces in financial risk management, highlighting how traditional strategies often fall short in the continent’s volatile markets. The article calls for a re-evaluation of risk models, emphasizing the importance of tailored strategies, diversification, and the use of advanced technologies like AI and Machine Learning.

Fintechs need to overcome regulatory barriers that limit access to financial services for underserved communities

Nikki Kettles, Licences and Payments Regulation Executive at Mukuru, discusses how regulatory barriers often limit fintech innovation and hinder access to financial services for these communities. She highlights the importance of collaboration between fintechs and regulators in overcoming barriers to innovation and expanding access to financial services for underserved communities. Mukuru’s success in holding 49 licenses across 15 countries underscores its deep commitment to working closely with regulators while expanding financial access.

African companies must recognise strategic M&A as the most viable exit strategy, says investment bank CEO

Victor Basta, CEO of investment bank DAI Magister, discusses the ways in which African CEOs can maximise valuations by ensuring they are bought (not sold). This includes leveraging increased interest from overseas acquirers, ensuring buyers possess the financial capacity to meet expected asking prices and stress-testing business plans to stand up to buyer due diligence.

Remain vigilant in the face of increased banking scams urges the SAFPS

The end of the year is fast approaching, and with it, the festive season and general anticipation for that hard-earned vacation that many South Africans work so hard for during the year. While this is a time of good cheer and increased shopping activity to prepare for the December break, it is also a busy time for scammers who want to take advantage of this activity. Many South Africans have recently contacted a popular Johannesburg radio station reporting increased attempts at banking fraud, with scammers sometimes becoming increasingly aggressive and convincing.

From vision to reality: How Absa CIB’s new TVC champions human centred relationships

In the fast-evolving landscape of financial services, distinguishing oneself requires more than just competitive solutions and services. To achieve success, it requires a deep understanding of your clients’ needs, an empathetic approach, and a commitment to their success. This approach underscores Absa Corporate and Investment Banking’s (CIB) latest campaign, which showcases not only that “Your story matters” but that Absa CIB is truly “Invested in your story.”

Revolutionising African Healthcare: Pharma Distribution, Private Hospitals, and Telemedicine

With just 15% of the world’s population, Africa accounts for 50% of global deaths from communicable diseases. The African healthcare system grapples with a multitude of challenges that hinder the delivery of quality care to its population. One of the most pressing issues is the severe shortage of healthcare professionals. According to the World Health Organisation as of 2022, the African region has only 1.55 healthcare workers per 1,000 population, far below the WHO threshold density of 4.45 per 1,000 needed to deliver essential health services and achieve universal health coverage. This scarcity of trained medical staff puts an immense strain on the already overburdened healthcare infrastructure.