Agenda
In 2023, the agenda provided a unique deep dive into treasury practices across the region. Through a series of debates, case studies and interactive roundtables, topics explored the latest developments and strategies for managing liquidity risks, FX shortages, financing, payments and digitisation and more.
Next year’s agenda will be released at the end of 2023.
Moderated by:
Simon Jones
Independent treasury expert
Simon Jones
Independent treasury expert
March 7th 2023- 04:15pm -5:30pmRegional Roundtables
Simon has over 30 years of experience in finance, treasury and transaction banking across both developed and emerging markets. Simon was previously Chief Customer Officer at ClearBank and lead the client management, product & marketing teams at the UK’s first cloud based infrastructure clearing bank.
Prior to joining ClearBank in 2019, Simon spent over 20 years at JPMorgan. During his time at the bank, he was responsible for treasury solutions in EMEA, supporting clients around the world. He was also Head of Corporate Sales in EMEA from 2012 to 2015 and Asia Regional Executive for Treasury Services from 2006 to 2010, based in Hong Kong.
Simon is actively involved in UK FinTech as a Mentor for TechStars Accelerator programme.
Light breakfast and registration
Welcome
Moderated by:
Simon Jones
Independent treasury expert
Simon Jones
Independent treasury expert
March 7th 2023- 04:15pm -5:30pmRegional Roundtables
Simon has over 30 years of experience in finance, treasury and transaction banking across both developed and emerging markets. Simon was previously Chief Customer Officer at ClearBank and lead the client management, product & marketing teams at the UK’s first cloud based infrastructure clearing bank.
Prior to joining ClearBank in 2019, Simon spent over 20 years at JPMorgan. During his time at the bank, he was responsible for treasury solutions in EMEA, supporting clients around the world. He was also Head of Corporate Sales in EMEA from 2012 to 2015 and Asia Regional Executive for Treasury Services from 2006 to 2010, based in Hong Kong.
Simon is actively involved in UK FinTech as a Mentor for TechStars Accelerator programme.
Resilience in global recession: the growth of nations
Economic activity in sub-Saharan Africa is projected to grow at around 4 percent in 2023/24, according to the world bank, as momentum slows amid a downturn in global economic activity and recession or stagnation in the US and Europe. Continued supply constraints, outbreaks of new coronavirus variants, regional conflicts, high inflation, and rising financial risks due to high and increasing sovereign debt levels, will all drag on growth in the region. Growth in countries will vary with SA 1.4, Nigeria 3.1 and Mozambique 5.0. That the continent is growing four times faster than the US and Europe, despite higher food and fuel prices and reduced foreign financing flows amid a tightening of global financial conditions, is a positive sign of the region’s resilience. The creation of the pan African free trade area and the development of currency unions is also a positive step for the region. In this keynote session the Economist Intelligence Unit analyses the current economic data and delivers predictions on the trajectories of markets and nations across Africa.
Pratibha Thaker
Editorial director, Middle East and Africa,
The Economist Intelligence Unit
Pratibha Thaker
Editorial director, Middle East and Africa,
The Economist Intelligence Unit
March 7th 2023- 09:15am -10:00amResilience in global recession: the growth of nations
Pratibha leads The EIU’s Middle East and Africa team and is also the overall manager of the other regional teams. Pratibha has many years’ experience ensuring that The EIU’s forecasts and analysis for countries’ economies are closely integrated with our global macroeconomic outlook, with the analytical skills and the regional expertise required to diagnose problems and devise viable solutions. Pratibha has an MSc and a BSc in economics from the University of London. She also holds an MA in area studies from SOAS, University of London.
Strategies for strong dollar and hard currency shortages in local markets
The surge in the US dollar is being felt keenly throughout EMEA, with the greenback rising 5.5% in value in Q3 2022 and strengthening against all currencies. Whilst the euro has some resilience to stem depreciation through monetary interventions, central banks in emerging economies and complex countries across Africa are at the sharp end of weakening local currencies. This currency crunch, coupled with ongoing hard currency shortages due to dollar outflows, dwindling foreign reserves and rising inflation in Africa, are creating a challenging environment for treasurers managing in-country liquidity risks. Companies operating in Africa, both multinational and regional, are facing challenging circumstances in the preservation of value as they distribute trapped funds in local currencies. In this session, treasurers in the region discuss their local currency cash management strategies and the measures they are taking to hedge and mitigate ongoing currency risks.
Marta de Teresa
Group treasury director,
MAXAM
Marta de Teresa
Group treasury director,
MAXAM
March 7th 2023At the beginning of my professional career, I held different positions at Planning, Controlling and Operations departments. I am currently Group Treasury Director at MAXAM.
As Group Treasurer, and member of the Corporate Financial team, I am involved in the negotiation and allocation of the main Corporate Debt, in the origination or renewal of LT & ST financing facilities, covering Parent Company and subsidiaries’ funding needs, as well as trade financing, derivative & risks management, and cash management solutions together with Bank relationship management. My team also covers the management of the cash position of the subsidiaries and centralizes the back office for Spanish and some other European subsidiaries´ payments. We have undergone efficiency improvement projects (interface automation, RPAs, global communication project, among others)
I hold an Economics and Business Degree by ICADE, an MBA at IDE, PDD by ESADE, and have taken different Treasury and Capital Markets specialization courses at IEB.
Jan Beukes
Group treasurer,
MultiChoice Group Ltd
Jan Beukes
Group treasurer,
MultiChoice Group Ltd
March 7th 2023Jan Beukes is the Group Treasurer for the MultiChoice Group and also manages the group’s insurance programs. Jan is a qualified Chartered Accountant CA(SA) and holds a master’s degree in forensic accounting. He has close to 9 years multinational group treasury experience and held positions in M&A and internal audit during his 15-year professional career. The MultiChoice Group, listed on the Johannesburg Stock Exchange, is Africa’s leading entertainment company, who creates and secures phenomenal content from all over the world across 50 countries. Through Irdeto, they are also a world leader in digital platform security for video entertainment, video games, connected transport and IoT connected industries.”
Networking break
Managing risks to liquidity and funding to optimise working capital efficiency
Liquidity management and ensuring that business units have enough working capital for operations in Africa, and raising finance where necessary, is a core function of treasury. Risks to liquidity and working capital are many, including regulatory interventions and market movements that can cause volatility and disrupt funding flows. In the current environment, with supply shortages and inflationary pressures, as well as money controls, the task of maintaining working capital equilibrium is challenging. In this session leading regional treasurers discuss their strategies for managing liquidity risk and working capital in different scenarios, including multinational and dollar flows and local currency contexts. Also under discussion are the current conditions for raising funds from both local and international liquidity sources in a rising rate environment, and the role of sustainable finance in the funding mix.
Edward Collis
Treasurer,
Save the Children
Edward Collis
Treasurer,
Save the Children
March 7th 2023Edward is a Chartered Accountant and a Fellow of the Association of Corporate Treasurers. His Corporate Treasury career spans over twenty five years including leading treasury teams at Rentokil Initial plc and Virgin Atlantic. In late 2017 Edward made the switch to the not for profit sector to lead the Treasury team at Save the Children International. Last year Save the Children worked in 122 countries reaching 45 million of some of the world’s most disadvantaged children.
Natalia Martynova
Head of treasury for Americas and Sub-Saharan Africa
BATNatalia Martynova
Head of treasury for Americas and Sub-Saharan Africa
BATMarch 7th 2023Sidhanth Hota
Assistant treasurer,
Airtel Africa
Sidhanth Hota
Assistant treasurer,
Airtel Africa
March 7th 2023Mirosha Brijmohan
Executive director, cluster lead, transaction banking sales – South and Southern Africa,
Standard Chartered BankMirosha Brijmohan
Executive director, cluster lead, transaction banking sales – South and Southern Africa,
Standard Chartered BankMarch 7th 2023Mirosha currently holds the position of Executive Director, Cluster Lead, Transaction Banking Sales for South and Southern Africa including responsibilities of Regional Corridor Lead (Africa) focusing on the Europe & Americas corridors.
Mirosha joined the bank in 2011 in the Brand and Marketing team with a focus on key initiatives across Africa and corridor opportunities for the region. She started her Transaction Banking career in 2015 and held several roles in two regions including Africa Regional Sales and Global Transaction Banker in the US and moved back to South Africa during the pandemic in 2020.
Mirosha is a qualified Chartered Marketer with a BCom Business Management and Marketing Degree and Honours level qualification from the Chartered Institution of Marketing in the UK. She completed her MBA through Henley (University of Reading UK) in 2017.
Evolving operational models for regional treasury efficiencies
The evolution of working patterns and practices in the post pandemic period, together with technological advances is shaping the organisation of treasury operations in the region. For companies that have onshore treasury centres, local and in-country organisation of treasury functions have been greatly enhanced by cloud technologies that allow for enterprise resources to be available in any location, enabling a decentralised treasury model. For multinational companies that operate centralised treasury models in offshore centres, operational efficiency across several business markets is a core driver. Both centralised and decentralised models work and have benefits in different operational scenarios. In this session treasurers discuss what has changed and is still changing in operations and the benefits of different models and practices to managing treasury activity in the region. The panel will also consider the embedding of ESG metrics in operations.
Kathleen Wyns
Cash manager for Africa,
Equinor
Kathleen Wyns
Cash manager for Africa,
Equinor
March 7th 2023- 12:00pm -12:45pmEvolving operational models for regional treasury efficiencies
Franca Aeby
Senior cash manager,
Roche
Franca Aeby
Senior cash manager,
Roche
- 12:00pm -12:45pmEvolving operational models for regional treasury efficiencies
- 04:15pm -5:30pmRegional Roundtables
Franca Aeby has been working at Roche since 2014 where she first joined the Treasury back office department and has since then held various roles of increasing responsibility within Treasury as well as international assignments in Finance business partnering. Since 2017 she is working in Treasury Operations as a Senior Cash Manager, overseeing Middle East & Africa and is responsible for the Group’s short term liquidity planning. Franca Aeby holds a master degree (MSc) in business and economics from the University of Basel, Switzerland.
Sheetal Shah
Sub-Saharan head for corporate and public sector sales, treasury and trade solutions,
Citi
Sheetal Shah
Sub-Saharan head for corporate and public sector sales, treasury and trade solutions,
Citi
March 7th 2023- 12:00pm -12:45pmEvolving operational models for regional treasury efficiencies
Lunch
Next generation payment technologies and fintech partnerships
A slew of new payment technologies are entering the treasury market including real time payments, digital currency payments and digital cross border payments. The correspondence banking model is giving way to a new payments messaging upgrade in ISO2022. Under the hood, APIs linked to ERP systems are now able to generate payments directly to client and supplier accounts. In parallel, virtual bank accounts and enhanced bank account management systems offer greater enhanced cash visibility for treasury. In the back office, STP AP/AR technologies offer enhanced cash cycle management. Yet many transaction processes in the region still require manual intervention and are subject to regulatory approvals. Fintechs partnerships to accelerate payments innovation and solutions in treasury markets are increasingly being seen. In this session treasurers discuss the benefits of payments transformation in African treasury operations, the local challenges in transformation from the old to the new, how fintechs help, and the skills and resources required by treasury teams to upgrade.
Neiciriany Mata
Head of finance,
Angola Cables
Neiciriany Mata
Head of finance,
Angola Cables
March 7th 2023- 01:45pm -2:30pmNext generation payment technologies and fintech partnerships
“I am a Leading the Angola Cables Finance department. I have more that 10 years in the finance area, with large experience in payment process and restructure the finance departme.
All over the year I have being developing the ways to pay and to balance the company treasury, by optimizing the process and always working in a proactive way to prevent any future situation.
I have a doble degree in Finance and managment, and also a Master in Strategy of Investment and Internationalization by ISG- Business School in Lisbon.”
Rahul Daswani
Independent treasury expert
Rahul Daswani
Independent treasury expert
March 7th 2023- 01:45pm -2:30pmNext generation payment technologies and fintech partnerships
Digital transformation in treasury management: regional challenges
The digital treasury is gathering momentum in African operations. Electronic signatures and cloud document management systems gained traction in treasury during the pandemic, as manual processes were digitised for remote operations. The digitisation journey is a long road, encompassing cash forecasting, bank account management and payments and liquidity risk management, rolled together in a TMS or standalone software joined to ERP systems via APIs. Whilst many treasuries have embarked on some level of digitisation, few in the region have achieved a digital treasury transformation. In the current inflationary environment, capital spend and investment in tech may be slowing, even if efficiencies offer operational savings. In this session treasurers discuss their stages in the digitisation and journey and the unique challenges towards digital transformation in the region.
Antti Kyyrö
EMEA treasurer,
Bio-Rad Laboratories
Antti Kyyrö
EMEA treasurer,
Bio-Rad Laboratories
March 7th 2023Antti Kyyrö is a treasury, banking and corporate finance specialist with 15 years of experience in building and leading both global and regional treasury functions for large multinational corporations such as Nokia, Nokia Siemens Networks and Bio-Rad Laboratories. In addition to his corporate treasury experience, he has worked in banking at Standard Chartered Bank, advising financial institutions and MNCs in their treasury strategy and operations development. During the past 20 years Antti has worked and studied in various countries in Europe and Asia including Finland, the UK, the Netherlands and Singapore. Currently he and his family are based in Zurich, Switzerland. Antti holds an M. Sc. in Financial Economics from Erasmus University Rotterdam and a B. Sc. in Economics from the University of Kent.
Moruf Bello
Treasury operations manager,
Nigerian Breweries
Moruf Bello
Treasury operations manager,
Nigerian Breweries
March 7th 2023Folake Fawibe
Integrated business service lead,
Danone, Southern Africa
Folake Fawibe
Integrated business service lead,
Danone, Southern Africa
March 7th 2023
Case Study: Nigeria LNG Limited
In this case study the treasury team at Nigeria LNG Limited, a multibillion gas liquefaction and distribution plant, tell the story of how they were able to create instant real time liquidity levers via money market funds by developing APIs to enable millions of dollars flow between cash accounts and MM funds on an intraday basis. The technology eradicated charges for and interest payments in money movements by automating a manual process and consolidating trades in a single account. This seismic transformation from a protracted cumbersome and labour intensive process prone to error, to a hyper efficient error free and instant automated digital process has given the treasury team precise and powerful liquidity controls with significant efficiency savings, enabling enhanced cash allocation, reporting, and visibility.
Chigbo Enenmo
Treasury manager,
Nigeria LNG Limited
Chigbo Enenmo
Treasury manager,
Nigeria LNG Limited
March 7th 2023- 03:15pm -3:45pmCase Study: Nigeria LNG Limited
Chigbo Enenmo is a seasoned finance professional with over 20 years of experience covering accounting and financial reporting, auditing, treasury management, planning and budgeting, finance operations, and business/project finance management.
Chigbo holds a first-class Bachelor of Science degree in Accounting from University of Nigeria; a Master of Science degree in Environmental and Resource Economics from University College London; and an MBA from Imperial College London. He is also a Chartered Accountant, with professional qualifications from ICAN Nigeria, ACCA UK, and CIMA UK.
He started his career at KPMG as an Auditor in 2001 before moving to PricewaterhouseCoopers in 2003. He later joined TotalEnergies in 2003, where he worked as a Budget Analyst. In 2006, Chigbo joined Shell, where he has held various roles including Senior Regional Reporting Accountant at Shell EP Africa from 2006 to 2009; Head of Accounts Payable/Accounts Receivable at Shell SNEPCO Nigeria from 2009 to 2011; Group Reporting Analyst at Shell Netherlands from 2012 to 2013; and Finance Manager (Wells/Exploration) and Finance Manager (Corporate) at Shell SPDC Nigeria between 2013 to 2019.
He was appointed Treasury Manager NLNG in 2019 at Nigeria LNG Limited as a secondee from Shell. He holds this position to date.
Chigbo is a two-time winner of the Treasury Today Adam Smith Award (2020 and 2022) for leading and delivering world-class business improvement projects.
Networking break
Regional Roundtables
In the closing session, leading regional experts host delegate discussion groups on the economic and market trends in the four corners of Africa, and the impacts of government policies, central banks, and major market events in 2022/23. The impacts of the pan-African free trade agreement and currency unions, and tax reforms, also provide an important context for the evolution of treasury in African regions. The session will rotate after 30 minutes, so delegates will have the opportunity to take part in discussions on 2 regions.
a.West Africa
b.South Africa
c.East Africa
d.North Africa
Emmanuel Kwapong
Economist, Africa, global research, Standard Chartered
Emmanuel Kwapong
Economist, Africa, global research, Standard Chartered
March 7th 2023- 04:15pm -5:30pmRegional Roundtables
Emmanuel is based in London and provides macroeconomic coverage of key markets in Sub-Saharan Africa (SSA), including Francophone SSA. Prior to joining the Bank in 2014, Emmanuel spent a year at the University of Ghana’s Department of Economics as a Teaching Assistant. He holds an MSc in finance and economics from the University of Warwick, and earned his Bachelor’s in economics and statistics from the University of Ghana. Emmanuel is a CFA charterholder.
Franca Aeby
Senior cash manager,
Roche
Franca Aeby
Senior cash manager,
Roche
- 12:00pm -12:45pmEvolving operational models for regional treasury efficiencies
- 04:15pm -5:30pmRegional Roundtables
Franca Aeby has been working at Roche since 2014 where she first joined the Treasury back office department and has since then held various roles of increasing responsibility within Treasury as well as international assignments in Finance business partnering. Since 2017 she is working in Treasury Operations as a Senior Cash Manager, overseeing Middle East & Africa and is responsible for the Group’s short term liquidity planning. Franca Aeby holds a master degree (MSc) in business and economics from the University of Basel, Switzerland.
Michael Thang’a
Sub-Saharan Africa global solutions sales, treasury and trade solutions,
Citi
Michael Thang’a
Sub-Saharan Africa global solutions sales, treasury and trade solutions,
Citi
March 7th 2023- 04:15pm -5:30pmRegional Roundtables
Michael is a corporate and transactional banking professional with 15 years of experience across Sub-Saharan Africa in financial services covering strategy development, product management, sales and treasury advisory
For the past 7 years, Michael has led Treasury and Trade Solution sales for Corporate and Public Sector clients across East Africa in Kenya, Uganda, Tanzania and Zambia.
He was recently appointed as the Global Solution Sales Lead in Sub-Saharan Africa where he is now responsible for treasury advisory for a portfolio of local and multinational corporate clients across their regional and global operations.
Prior to joining Citi in 2015, Michael held roles in transactional banking sales and product development working in Kenya and South Sudan for the Standard Bank Group
He also worked as a management consultant in Johannesburg for 5 years focused on turnaround and growth strategy, organizational design and transactional services.
Simon Jones
Independent treasury expert
Simon Jones
Independent treasury expert
March 7th 2023- 04:15pm -5:30pmRegional Roundtables
Simon has over 30 years of experience in finance, treasury and transaction banking across both developed and emerging markets. Simon was previously Chief Customer Officer at ClearBank and lead the client management, product & marketing teams at the UK’s first cloud based infrastructure clearing bank.
Prior to joining ClearBank in 2019, Simon spent over 20 years at JPMorgan. During his time at the bank, he was responsible for treasury solutions in EMEA, supporting clients around the world. He was also Head of Corporate Sales in EMEA from 2012 to 2015 and Asia Regional Executive for Treasury Services from 2006 to 2010, based in Hong Kong.
Simon is actively involved in UK FinTech as a Mentor for TechStars Accelerator programme.