bar1 bar2 bar3
Menu

Agenda

The concise one day agenda, featuring over 20 speakers, provides a unique deep-dive into treasury practices across the region. Through a series of debates, case studies and interactive roundtables, attendees will collectively explore the latest developments and strategies for managing liquidity risks, FX shortages, financing, payments and digitisation and more.

8:00am -9:00am

Registration and light refreshments

9:00am -9:15am

Welcome

  • Simon Jones

    Independent treasury expert

    bar1 bar2
9:15am -10:00am

Assessing the impacts of economic and political change through the pandemic period in Africa

For Africa the pandemic is not over, with only 11 percent of the population vaccinated currently, against a mid 2022 target of 70 percent, according to the WHO. In the economy, the IMF is forecasting growth of 3.8 percent in 2022 in the sub-Saharan region against a global average of 4.4 percent growth. For African companies, the economic fallout of the pandemic will be felt for some time to come, and the recovery may be exacerbated by inflationary pressures.On a positive outlook, the recently enacted African Continental Free Trade Area (AfCFTA), which aims to remove tariffs and create an Africa wide single market in 54 of 55 countries, is set to transform trade on the continent.In this session we look at the changes that have occurred in the past year in countries and core sectors across the region and how these economic and political shifts are affecting the ways in which treasuries can operate in business in Africa today.

  • Pratibha Thaker

    Editorial director, Middle East & Africa, The Economist Intelligence Unit

    bar1 bar2
10:00am -10:45am

Managing ongoing liquidity risks in treasury operations

As markets in Africa present a great opportunity, they also present a world of risk for treasurers, not least the potential demand shocks and uncertainties in a number of different sectors and countries due to the instability, volatility, and unpredictability of markets and regulatory regimes, foreign exchange controls, and other factors that can make business in Africa challenging for both multinationals and large pan African corporates. Whilst the environment is stabilising and African banks have robust capital reserves to provide liquidity to clients, elevated liquidity risks remain in African markets, even as the economy recovers. In this session, we survey the dashboard of liquidity risks that currently pervades companies doing business in specific sectors and regions and assess the tools and technologies that measure, monitor and manage liquidity risks in African treasury operations.

  • Jan Beukes

    Group treasurer, MultiChoice Group Ltd

    bar1 bar2
  • Titus Owoeye

    Head finance, Fan Milk West Africa

    bar1 bar2
10:45am -11:15am

Networking break

11:15am -12:00pm

Centralised vs. decentralised treasury operations in the new environment

For multinational companies, the organization of regional and local treasury operations, versus the decision to centralise treasury offshore, is a critical call and there are benefits in both approaches. For the local approach, the ability to manage local cash operations and deal in local currency markets can help to support in-country business activities. For the centralised approach, the unified controls over cash management and liquidity can create operational efficiencies. In parallel, companies have developed new workflow practices and in treasury including remote working solutions such as cloud technologies, digital documentation and signatures, and payment automation that make it possible to operate in non-physical and virtual environments. In this session we debate the pros and cons of local vs. centralised treasury operations, in terms of their structures, technologies and organisational strategies, and if remote operations will continue when the pandemic recedes, or if there is a more permanent shift to remote treasury models.

  • Netta Christensen

    Head of cash management strategy, AP Moller Maersk

    bar1 bar2
  • Parv Gill

    European treasurer, UPS

    bar1 bar2
  • Viplav Rathore

    Head of Cash Products AME and MENA, Standard Chartered Bank

    bar1 bar2
12:00pm -12:45pm

Focus on the evolution of payment ecosystems in Africa

Africa has long been a pioneer in mobile payments and the pandemic has accelerated digital payments from consumer markets into business, with focus on the digitisation of payment processes and the elimination of paper processes a key priority for treasurers. New drivers for digital transformation of payments include the growth of e-commerce and the pan African free trade agreement, which aims to accelerate cross border trade. In parallel, there is also a nascent and ascending ecosystem of payment APIs emerging globally for country and cross border payments. Yet end-to-end payment processing is a challenging project, as larger trade transactions can often require manual interventions, such as physical documentation and official stamps and approvals in local markets. In this session we explore how the treasurer can help develop payment infrastructure and technologies, in partnership with stakeholders including shared service centres and solution providers.

  • Esther Chibesa

    Treasury and trade solutions head, Sub-Saharan Africa, Citi

    bar1 bar2
  • Stefano Celada

    Head of treasury, MSC Cruises

    bar1 bar2
  • Monica Oraro

    Head of product & business development, PAPSS

    bar1 bar2
12:45pm -1:45pm

Lunch

1:45pm -2:30pm

Developing financing strategies and working capital solutions in Africa

Africa’s loan markets have seen elevated rates and are expensive compared with international financing. Multinational corporations operating in the Africa region are increasingly extending financing to local suppliers often at lower rates than local bank financing, and African companies are also developing supply chain financing programs locally. In this session we look at the availability of financing both on an international and local level and the engagement and onboarding of local suppliers in programmes. We assess the depth of local liquidity providers and diversification in loan markets and the impacts of ESG on financing. The panel will also assess local working capital solutions, including PO financing, factoring, inventory financing and credit markets as working capital solutions.

  • Antti Kyyrö

    EMEA Treasurer, Bio-Rad Laboratories

    bar1 bar2
  • Achraf Tahri

    Regional treasury manager MEA, Nokia Corporation

    bar1 bar2
2:30pm -3:15pm

Treasury technology: exploring drivers for digital adoption

Whilst multinational corporate treasury centres are leading in technological transformation in the region, many large corporates in Africa are still at the beginning of their digitisation journey. Yet the pandemic has given focus and urgency to the digitisation of treasury processes, not least more frequent and accurate cash forecasting, and the benefits of digital payments. Cash management systems, either within TMS or as specific solutions, have been slower to gain ground in local treasury markets. In this session, we discuss the opportunities and challenges in the digitisation journey, predict the future trajectory for treasury technologies, and hear from treasurers who have delivered innovative transformation projects that have benefited treasury operations and teams in Africa.

  • Ishmael Nwokocha

    General Manager, corporate treasury, MTN

    bar1 bar2
  • Catherine Muya

    Digital payments, Africa regional office lead, ABSA Group

    bar1 bar2
  • Edward Collis

    Treasurer, Save the Children

    bar1 bar2
  • Brian Richardson

    CEO, WIZZIT Digital, SA

    bar1 bar2
  • Yasmin Masithela

    Head of transactional banking, ABSA Group

    bar1 bar2
3:15pm -4:00pm

Cash management: focus on FX risk and trapped cash solutions

In a continent with forty local currencies, including currency unions, FX operations feature prominently in the activities of treasury in the region. For companies that have operations in country and deal in local currencies, hedging strategies can be especially important in the volatile scenarios such as we have recently seen in the pandemic. Yet the cost of hedging is expensive and can erode cash and capital in markets. Parallel to FX risk, is trapped cash. Whilst trapped pools of liquidity are a perennial feature of African cash management operations, the issue of trapped cash has become more acute in the past year with several countries, most notably Nigeria, applying stricter cash controls that make it difficult to obtain hard currencies and repatriate cash from operations and domestic accounts in the country. In this session, the panel will discuss both local currency FX risks, and strategies for freeing up trapped cash, in the context of challenges in cash management in the region.

  • Omofolake Fawibe

    Head of finance, IBS, Danone SA

    bar1 bar2
  • Ricky Brink

    Treasury professional, Siemens SA

    bar1 bar2
  • Manish Joshi

    Director - cash management & banking operations (Middle East, Turkey & Africa), GE

    bar1 bar2
4:00pm -4:30pm

Networking break

4:30pm -5:15pm

Country updates

In the final panel, we take snapshots of the economic and political developments in specific countries and their influence and impact on the corporate environment for treasury in local markets in Africa. The panel features countries that have experienced change in the ways in which central banks and governments have influenced the conditions in which corporations, both international and local, do business in the country. Taking into consideration fiscal and monetary policies, tax reforms and other control measures, the panel will update on the constraints and opportunities in treasury markets and operations in each country.

 

Angola, Ghana, Kenya, Zambia with Razia Khan

Nigeria with Ferdinand Zaumu

Tanzania and SA with Theobald Sabi

  • Razia Khan

    Head of research, Africa and Middle East, Standard Chartered Bank

    bar1 bar2
  • Ferdinand Zaumu

    MD, Citi

    bar1 bar2
  • Theobald Sabi

    MD, National Bank of Commerce, Tanzania

    bar1 bar2
5:15pm -5:30pm

Summary and closing remarks

5:30pm -6:30pm

Networking reception

6:30pm

Conference close