Agenda

Plenary

Unlocking growth opportunities in dynamic markets

In the plenary sessions, leading companies present how they align their treasury operations to Africa’s business reality, covering cash management, currency, interest rate and commodity risk along with funding strategies locally and abroad. In the round tables you will be able to swap experiences with a focussed group of peers on how to deal with the changing regulatory frameworks that often restrict both the movement of cash and access to FX in some markets.

  • 8:00am
    Registration opens
  • 9:00am
    Chair's Opening Remarks
  • 9:10am
    Prospects for regional growth and finance

    An economic recovery in sub-Saharan Africa remains intact despite a string of setbacks over the past twelve months and great uncertainty over the short-term sustainability of international trade and investment flows. This session will explore the major drivers of growth and constraints across the region during 2020, highlight the likely hotspots of African trade and investment, and consider the merits of a country specific tailored approach to business planning. We will follow this by delving into the region’s financial system to identify how sources of finance available to African ventures are evolving and how payment systems are adapting to better support inter-African and international trade and investment opportunities.

    Pat Thaker

    Pat Thaker, Regional Director Middle East & Africa, Economist Intelligence Unit, UK

    Pat Thaker
    Pat Thaker Economist Intelligence Unit, UK Regional Director Middle East & Africa

    Since 2000, Pratibha Thaker has directed the Economist Intelligence Unit’s (EIU) Middle East and Sub-Saharan Africa team, which publishes regular country reports and forecasts on macroeconomic, business and political conditions. Working with a substantial pool of external contributors and an internal team of regional and country specialists, she provides the intellectual leadership necessary to ensure the EIU forecasts for the Middle East and African economies are among the most accurate and insightful available to international decision makers. She is responsible for ensuring that the forecasts and analysis for the Middle East and African economies are closely integrated with the EIU’s global macroeconomic outlook.

  • 9:50am
    What markets to invest in next?

    There is no doubt that there is more than one Africa, with countries showing different levels of growth and outlooks. Which are the markets of the future? Which ones are your company looking to invest in? How do you assess risk? We poll the audience.

  • 10:00am
    Exchange, repatriate and invest

    Trapped cash and devaluation are major concerns for treasurers in Africa.  From regulation and complex documentation to lack of FX liquidity, hurdles abound.  Additionally, cross border transaction fees can be high, conspiring against the projects’ profitability.  How much margin is reasonable to add? What signs should you be looking for to identify any potential future FX liquidity shortage? We talk about best practice managing liquidity, cross border as well as in-country, to ensure you convert your balances, mitigate devaluation risk and repatriate as much as possible. What is the best way to move cash in the most restrictive markets?

  • 10:40am
    Refreshment break
  • 11:10am
    Effective FX hedging

    The risky and volatile African financial environment demands a solid risk management strategy. However, hedging alternatives are limited and expensive. There are talks of an African Currency Union but until that happens FX management will remain problematic.  Lack of instruments, complex regulation and FX illiquidity can be a challenge. How does hedging compare in different countries? Is it possible to have the same strategy across Africa? We hear what solutions are available to protect your cash. Are cryptocurrencies an option?

  • 11:50am
    Is SCF finally coming to Africa?

    Although Supply Chain Finance (SCF) is not yet widely used in Africa, governments and companies are starting to look for new ways to support suppliers and to reduce borrowing needs.  Banks might be willing to finance large suppliers but the long tail has historically been overlooked and underserved. As a consequence, FinTechs are increasingly making inroads into this space, offering solutions that combine new technology with wider and more flexible funding solutions. What has the experience been so far? Are there any regional platforms?

  • 12:30pm
    Lunch
  • 1:30pm
    Roundtable discussions

    Attending participants can choose from up to ten different roundtables focusing on various markets. Two sets of 45 minute table discussions will be moderated by leading corporates and industry experts; at the end of both roundtable discussions, moderators will share key takeaways from their groups with the entire audience.

    Delegates can chose two tables and send questions in advance, to ensure their biggest concerns are addressed.

    Roundtable topics:

    • Angola
    • Egypt
    • Ethiopia
      Murat Balta, Heineken International B.V.
    • Maghreb
      Ibtihel Sadfi, Decathlon International
    • Mozambique
      Bernardo Aparicio, Absa Bank Mozambique
    • Nigeria
    • South Africa
      Rahul Daswani, Microsoft
    • West Central Africa
      Razia Khan, Standard Chartered
    • Zimbabwe
    • Tax Strategies in Africa

    Murat Balta

    Murat Balta, Regional Treasury Manager (AMEE), Global Treasury & Insurance, Heineken International B.V.

    Murat Balta
    Murat Balta Heineken International B.V. Regional Treasury Manager (AMEE), Global Treasury & Insurance

    Ibtihel Sadfi

    Ibtihel Sadfi, Group Treasurer, Decathlon International

    Ibtihel Sadfi
    Ibtihel Sadfi Decathlon International Group Treasurer

    Bernardo Aparicio

    Bernardo Aparicio, Head of Corporate and Investment Banking, Absa Bank Mozambique

    Bernardo Aparicio
    Bernardo Aparicio Absa Bank Mozambique Head of Corporate and Investment Banking

    Bernardo is currently the Head of Corporate and Investment Banking at Absa Bank Mozambique, where he is responsible for the Corporate Banking, Investment Banking and Markets businesses. He is also a member of the Executive Committee of Absa Bank Moçambique. Bernardo was previously the Head of Investment Banking Coverage across the Southern and East Africa region. He was appointed to the position in June 2013 with over 13 years of banking experience primarily in the Project and Infrastructure Finance sector. After joining Baclays in 2009 he has worked in the Project Finance sector with a focus on Portugal. Bernardo was then appointed the Co-Head of the International Debt Finance team at Barclays, based in London, responsible for all corporate debt origination in the EMEA region. Prior to Absa, he was the director for Infrastructure Finance in Banesto (Santander Group) in Madrid and VP of the Project Finance team of CaixaBI (Caixa Geral) in Lisbon, with a focus on Europe, the US and Latin America. Bernardo has a degree in Economics from the Universidade Nova in Lisbon

    Rahul Daswani

    Rahul Daswani, Group Finance Manager - Middle East, Africa & India, Strategy & Incubations, Worldwide Payment Solutions, Microsoft, UAE

    Rahul Daswani
    Rahul Daswani Microsoft, UAE Group Finance Manager - Middle East, Africa & India, Strategy & Incubations, Worldwide Payment Solutions

    Rahul Daswani is leading Microsoft’s financing initiatives for India & Middle East Africa. Finance professional having 19+yr’s work experience in treasury and corporate finance. Successful career with Ge-Capital, Nokia, Citibank and Microsoft across Asia & Africa Geographies. Proficient is working capital, cross border transactions, treasury and credit risk management. Comprehensive understanding of Process Management, Industry trends and Managing teams during disruptive change. Strong business skills beyond finance demonstrated via high impact cross-functional projects recognized by company & industry wide awards. Effective leader with strong interpersonal and communication skills

    Razia Khan

    Razia Khan, Director, Cash & Banking, Middle East & Africa, Standard Chartered

    Razia Khan
    Razia Khan Standard Chartered Director, Cash & Banking, Middle East & Africa

  • 3:00pm
    Refreshment break
  • 3:40pm
    Conference splits into streams

Stream 1

Latest trends

  • 3:40pm
    Accelerating the move from cash to digital

    Although a totally cashless Africa is hard to imagine in the short term, new technology, innovative business practices and the need to support further financial inclusion are driving a shift away from cash to digital alternatives. In the past, this has been only through mobile money but increasingly there are real-time alternatives in a growing number of countries.  Where this is not available, there have been successful experiences using wallets to provide the same benefits. Providers are moving towards a ‘payments as a platform’ model, connecting consumers and businesses with third party services. Reforms in countries like Nigeria, Egypt and Ethiopia could lead to a massive increase in the number of alternative payment methods. Could we replicate successes from Asia into the African de-cashing agenda? In this session we hear about the latest developments, the outlook for the future and how treasuries will benefit. 

  • 4:20pm
    Next generation banks: can your partners deliver?

    Having multiple bank accounts in Africa is not unusual.  Often core banks do not have the presence, the infrastructure or the wallet. This fragmented offer means that regional relationship managers are rare, cross border payment fees can be high, manual operations abound and documentation is cumbersome.  This challenges corporates´ efficiency and compliance targets. What are the top priorities for treasuries and what are banks doing to address them? We have compared Request for Proposals (RFPs) and share the common themes. What is the reality of regional e-banking? If payments are commoditised, what will be the differentiating factors among banks?  What are the best funding solutions? Join this session and have your say too, we poll the audience to compare results.

    Rahul Daswani

    Rahul Daswani, Group Finance Manager - Middle East, Africa & India, Strategy & Incubations, Worldwide Payment Solutions, Microsoft, UAE

    Rahul Daswani
    Rahul Daswani Microsoft, UAE Group Finance Manager - Middle East, Africa & India, Strategy & Incubations, Worldwide Payment Solutions

    Rahul Daswani is leading Microsoft’s financing initiatives for India & Middle East Africa. Finance professional having 19+yr’s work experience in treasury and corporate finance. Successful career with Ge-Capital, Nokia, Citibank and Microsoft across Asia & Africa Geographies. Proficient is working capital, cross border transactions, treasury and credit risk management. Comprehensive understanding of Process Management, Industry trends and Managing teams during disruptive change. Strong business skills beyond finance demonstrated via high impact cross-functional projects recognized by company & industry wide awards. Effective leader with strong interpersonal and communication skills

    Manish Joshi

    Manish Joshi, Director, Cash & Banking, Middle East, Turkey & Africa, GE Capital, UAE

    Manish Joshi
    Manish Joshi GE Capital, UAE Director, Cash & Banking, Middle East, Turkey & Africa

  • 17:00pm
    Conference adjourns to the networking reception

Stream 2

The regional perspective

  • 3:40pm
    Optimising treasury to succeed in high growth markets

    Having cash visibility, control and the agility to react to a rapidly changing environment is key to managing treasury in Africa. To achieve this, companies need to have the right technologies as well as being able to centralise funding, hedging and bank relationships in one location.  This can involve setting up cash pools in different currencies, aligning local and international banking partners on the same guarantee structure and getting approval from the Central Banks to act as a facilitator of funding flows to the off shore entities. We hear the experience of two companies and lessons learnt.

    Anneli Walltott

    Anneli Walltott, Assistant Treasurer & Head of Cash Flow Management, Sandvik

    Anneli Walltott
    Anneli Walltott Sandvik Assistant Treasurer & Head of Cash Flow Management

    Natalia Martynova

    Natalia Martynova, Regional Treasury Manager - Americas and Sub-Saharan Africa, BAT Plc

    Natalia Martynova
    Natalia Martynova BAT Plc Regional Treasury Manager - Americas and Sub-Saharan Africa

    Natalia is a graduate of Moscow University (Russian Academy of Finance). She is also fully qualified in CIMA and AMCT. Natalia currently oversees operations of 50+ end markets from a treasury perspective. This involves setting treasury strategy across the full spectrum of commercial treasury activities (e.g. cash management, FX, funding, working capital management). From an Africa perspective, the primary focus over the last 3 years has been on driving critical treasury initiatives, including securing trapped funds in Angola, optimising sales collections in South Africa and managing FX risk in markets with very limited hedging instruments available. Previously, Natalia has been Head of Treasury operations in Russia, then Head of Treasury role for Southern African markets based in Cape Town.

    Viplav Rathore

    Viplav Rathore, MD, Head of Cash Management for Africa, Middle East and Pakistan, Standard Chartered, UAE

    Viplav Rathore
    Viplav Rathore Standard Chartered, UAE MD, Head of Cash Management for Africa, Middle East and Pakistan

    Viplav has over 21 years of banking and treasury experience, with in-depth expertise around various aspects of International Cash and Treasury Management. Prior to joining Standard Chartered, he was the Treasury Director at GE Corporate Treasury, heading up their Transaction Banking team for the EMEA & APAC regions. Viplav brings to the table diverse experience, gained from managing GE‘s treasury needs in Europe, Middle East, Africa and Asia Pacific cutting across Cash and Liquidity Management, FX hedging, Risk Management and Middle Office functions. He was actively involved with the set up of the RTC and SSC and the creation of complex cash pools and “In House Bank” structures. He has also led a number of global process re-engineering projects for productivity, cost and controllership wins. In Nov 14, he joined Standard Chartered Bank in London to run the Bank’s Treasury Advisory practice for Europe. He was working with the key clients of the bank to offer them best practice advice and solutions helping them to achieve their efficiency and control aspirations and to crease best in class treasury infrastructure. This included selection of platforms (TMS, SWIFT bureaus), design and set up on IHB, centralizing operations in SSC, integration of acquired companies, payable and receivable optimization and drafting treasury policies and procedures. Since Feb 2017, he is with Standard Chartered Bank in Dubai as part of the Transaction Banking business for Africa and Middle East. Till Aug 2019 he was running Cash Products and Treasury solutions for AME and the cash business for the UAE. In his current role he leads up Cash Management for Africa and MENAP. In his past roles he has worked with ANZ Banking Group and Standard Chartered in the areas of risk management and middle office. He holds a Management degree from the Delhi School of Economics.

  • 4:20pm
    China and India: their present and future in Africa

    Half of the top ten growing economies in the world are in Africa, a business opportunity that India and China are doing everything in their power to capitalise on. Although both countries are investing heavily in the continent, their focus and methods are different. China has been concentrating on aid through FDI, especially for large infrastructure projects. The levels of debt that some countries have contracted with China have raised questions about sustainability and China’s political motives behind the loans. India’s involvement in the region is perceived as being more cooperative and focused on the long term, investing in small and medium sized companies. What will the impact of these investments be for Africa and what challenges do they bring? How are companies from other countries positioned to compete?

  • 5:00pm
    Conference adjourns to the networking reception