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
    Vanessa Manning

    Vanessa Manning, Independent Financial Services Consultant, UK

    Vanessa Manning
    Vanessa Manning UK Independent Financial Services Consultant

  • 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?

    Servaes Peeters

    Servaes Peeters, Head of Treasury South West Europe & North West Africa, Siemens, Portugal

    Servaes Peeters
    Servaes Peeters Siemens, Portugal Head of Treasury South West Europe & North West Africa

    Servaes Peeters studied at the London School of Economics and has almost 30 years of financing experience gained with banks such as Kreditanstalt für Wiederaufbau and ING as well as in various functions with Siemens in Germany and abroad. Since mid-2016, Servaes has been responsible for moving Siemens’ treasury in South West Europe and North West Africa up to the next level, with a special focus on improving both pro-active risk-management and renegotiating pricing and documentation with banks in Maghreb, Central/West Africa and Angola/Mozambique. A major challenge is balancing the providing of pro-active added value to the industrial business and its growth targets on the one hand with performing treasury’s role of governance as well as achieving productivity gain targets on the other hand.Previous functions of Servaes include that of Managing Director of Siemens AG Hong Kong Branch, where he streamlined operations and reorganised and bundled treasury activities for Asia Pacific in the Regional Treasury Centre in Hong Kong; Project Manager “One Treasury” where he structured and implemented the new global mandate and organisation of Siemens AG’s Corporate Treasurer; Head of Energy Investments at Siemens Project Ventures where he revamped the equity investment process and grew the pipeline of energy development projects worldwide; and Managing Director Siemens Consultoria Ltda., Brazil, where he successfully rebuilt the factoring/forfeiting business of Siemens Financial Services after the Argentina-crisis and structured close to USD 1 billion of vendor financings in telecom, energy and healthcare.

    Vasu Reddy

    Vasu Reddy, Treasury Leader - Sub Saharan Africa, GE Capital, South Africa

    Vasu Reddy
    Vasu Reddy GE Capital, South Africa Treasury Leader - Sub Saharan Africa

    Vasu Reddy is currently the Treasury Leader – Sub-Saharan Africa, based in South Africa and has been in the role from February 2013 to date. Vasu is responsible for global funding, cash and foreign exchange management, and other treasury services for GE's operations in Sub-Saharan Africa which spans over 25 countries. He also supports the business needs for research; indicative pricing and hedging strategies for foreign exchange risk as well as establish regional banking relationships with local preferred and approved banks, Central banks and develop cash management strategies by country. Vasu joined GE from Chevron, South Africa where he was the Senior Treasury Manager, covering South & Central Africa for 7 years and prior to that was at Land and Development Bank of SA before spending 6 years at Woolworths (Pty) Ltd. He is a highly experienced professional with 20 years’ Treasury and Finance experience having worked in Multinational companies in Retail, banking and Oil & Gas sectors. Vasu holds a Bachelor of Commerce (Accounting) degree, an Honours degree in Financial Management from University of Cape Town, Postgraduate Diploma in accounting from University of Kwazulu Natal, South Africa and completed the Leadership Executive Program from the Graduate School of Business, Cape Town. Vasu is a member of the Association of Corporate Treasurers, South Africa. Vasu enjoys gyming and reading.

    Michele Maffei

    Michele Maffei, Head of International Sales, Global Markets, Standard Advisory Ltd., UK

    Michele Maffei
    Michele Maffei Standard Advisory Ltd., UK Head of International Sales, Global Markets

    Michele Graduated from the LSE in 1983 with a BSc in Economics specializing in International Trade and Development. An Italian National, he has been working 35 years in banking in diverse businesses ranging from international commercial lending to trading in Global Markets since 1989, managing interest rate, fixed income, currency and credit trading & structuring businesses across Developed and Emerging Markets with JPMorgan Chase and before that Midland Bank International. Michele has been at Standard Bank since 2004 having been responsible for fixed income, currency trading and structuring businesses in East Europe and Asia, Head of Product Management for Investor Products and Head of eCommerce and Digitization for Global Markets until 2017. Michele is currently Global Markets Head of International Sales in London to focus on the delivery of African Global Market products, business development and relationship management of Multinational Corporations in Europe Middle East, North and South America.

  • 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?

    Ibtihel Sadfi

    Ibtihel Sadfi, Group Treasurer, Decathlon International, France

    Ibtihel Sadfi
    Ibtihel Sadfi Decathlon International, France Group Treasurer

    Former Treasurer at Auchan France - Credit Management Department. Current position: Group Treasurer at Decathlon International - FOREX Risk Management Department

    Sherif ElZeiny

    Sherif ElZeiny, MBA, NED VP and Group CFO, Elsewedy Electric, Egypt

    Sherif ElZeiny
    Sherif ElZeiny Elsewedy Electric, Egypt MBA, NED VP and Group CFO

    Mr. Sherif ElZeiny has extensive experience in Finance and Business sectors covering all of the financial system related aspects whether globally, regionally or in Egypt. Currently, he is the VP and CFO of Elsewedy Electric Group whereby he is responsible for the entire group of companies worldwide. Elsewedy Electric is a significant contributor to the economic growth in Egypt being a well-established group operating in several Middle Eastern, African, European and Asian countries. The group operates in 8 diversified energy segments including; Cables & Accessories, Energy Measurement &Management, Transformers, Communications, Power Generation Plants and Renewable Energy Solutions, Projects & Development with a turnover of $4 billion and workforce of 15,000+ employees. Prior to that, ElZeiny held various senior positions in many distinguished organizations/ companies such as Mentor Graphics, NCR Corporation, Siemens, General Motors (GM) and INDEVCO Group. He holds a Bachelor Degree (B.SC. Com.) in Commerce from Cairo University of Egypt and a Master’s Degree in Business Administration (MBA) from City University of Seattle. He is also a certified Non-Executive Director (NED) from Financial Times.

  • 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
      Jason Marsden, Standard Bank Group
    • Egypt
      Varun Wadhwa, Baker Hughes
    • Ethiopia
      Murat Balta, Heineken International B.V.
    • Maghreb
      Ibtihel Sadfi, Decathlon International
    • Mozambique
      Bernardo Aparicio, Absa Bank Mozambique
    • Nigeria
      Foluso Ayo-Olaiya, Citi Nigeria
    • South Africa
      Rahul Daswani, Microsoft
    • West Central Africa
      Razia Khan, Standard Chartered
    • Zimbabwe
    • Tax Strategies in Africa

    Jason Marsden

    Jason Marsden, Head of Sales: Europe, Transactional Products & Services, Standard Bank Group, UK

    Jason Marsden
    Jason Marsden Standard Bank Group, UK Head of Sales: Europe, Transactional Products & Services

    Jason has built a career in financial services over the past 22 years with 18 years’ experience at Standard Bank, holding various roles before transferring to London in 2010 to set up the transaction banking unit. Jason has experience in both retail and corporate banking businesses across Africa. During this time he developed vast experience in strengthening the transactional banking business, including cash management & trade finance solutions for the Public, Private & FI sectors across Sub-Saharan Africa. Jason holds an MBA from the University of Witwatersrand, South Africa.

    Varun Wadhwa

    Varun Wadhwa, Deputy Treasurer, Baker Hughes, UK

    Varun Wadhwa
    Varun Wadhwa Baker Hughes, UK Deputy Treasurer

    Varun Wadhwa is the Deputy Treasurer for Baker Hughes, he is based in London , United Kingdom. In his role, he works on establishing the technology and organization vision for Treasury and deploying new systems. He is also responsible for managing Bank Relations. Prior to his current role, Varun served in various Treasury roles in General Electric (GE) , including as the Treasury Integration Leader for the Baker Hughes and GE Oil & Gas merger, Global Cash Management Treasury Lead for GE Oil & Gas, and Bank Relationship Manager for GE Corporate. Prior to joining GE in 2012, Varun worked in Transaction Banking & Cash Operations with Citibank & HSBC in India.

    Murat Balta

    Murat Balta, Regional Treasury Manager AMEE, Global Treasury & Insurance, Heineken International B.V., The Netherlands

    Murat Balta
    Murat Balta Heineken International B.V., The Netherlands Regional Treasury Manager AMEE, Global Treasury & Insurance

    Murat joined Heineken in 2008 and he is the regional treasurer for Africa, Middle East and Russia. In addition to treasury leadership across this geography, he also has global responsibilities in the areas of long-term financing for the Group, debt capital markets and credit rating agency relationships. Prior to joining Heineken, he worked in various management roles in treasury and corporate finance at Finansbank, Sabanci Holding, DupontSA and MARS Incorporated.

    Ibtihel Sadfi

    Ibtihel Sadfi, Group Treasurer, Decathlon International, France

    Ibtihel Sadfi
    Ibtihel Sadfi Decathlon International, France Group Treasurer

    Former Treasurer at Auchan France - Credit Management Department. Current position: Group Treasurer at Decathlon International - FOREX Risk Management Department

    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

    Foluso Ayo-Olaiya

    Foluso Ayo-Olaiya, Product Sales Head, Treasury & Trade Solutions, Citibank Nigeria, Nigeria

    Foluso Ayo-Olaiya
    Foluso Ayo-Olaiya Citibank Nigeria, Nigeria Product Sales Head, Treasury & Trade Solutions

    Rahul Daswani

    Rahul Daswani, Group Finance Manager - International Financing Solutions, Strategy & Solutions, Global Financial Services, Microsoft Corporation, UAE

    Rahul Daswani
    Rahul Daswani Microsoft Corporation, UAE Group Finance Manager - International Financing Solutions, Strategy & Solutions, Global Financial Services

    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, Chief Economist Africa and Middle East, Standard Chartered, UK

    Razia Khan
    Razia Khan Standard Chartered, UK Chief Economist Africa and Middle East

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

Stream 1

Latest trends

Shafina Hamed

Chair: Shafina Hamed, Banking Manager, EMEA & Americas, IATA, Spain

Shafina Hamed
Shafina Hamed IATA, Spain Banking Manager, EMEA & Americas

  • 3:40pm
    The African Continental Free Trade Area opportunity: Countdown to lift off

    The agreement that came into force in April 2019 will bring together the 55 member states of the African Union, creating one of the world’s largest free trade areas. Initially tariffs from 90% of goods will be removed, allowing free access to commodities, goods, and services across the continent. For companies this means access to a market of more than 1.2 billion people with a combined gross domestic product (GDP) of more than US$3.4 trillion.  The boost to African intra-trade will be substantial over the next few years. The session will provide a brief overview of the AfCTA, its potential impact, the economic and financing opportunities and challenges for organisations doing business in Africa.

    André Diaz

    André Diaz, CFO, JAP International Holding, Portugal

    André Diaz
    André Diaz JAP International Holding, Portugal CFO

    André is currently the CFO for JAP International Holding and is responsible for leading the trading companies in Portugal and Dubai, as well as managing the teams in Angola, Kenya, Tanzania and Uganda. He has been with JAP Group for 8 years and held positions as their Credit and Financing Manager, and their Credit and Collections Manager. Prior to JAP Group, André obtained experience within the Automotive and Banking Sector.

    David Ofosu-Dorte

    David Ofosu-Dorte, Senior Partner, AB & David Africa, Ghana

    David Ofosu-Dorte
    David Ofosu-Dorte AB & David Africa, Ghana Senior Partner

    David Ofosu-Dorte is the senior partner of AB & David Africa, a pan-Africa business law firm with offices in 5 countries and a network of firms in a total of 23 African countries. His experience cuts across project finance, the power sector, public policy reform and public-private partnerships (PPPs) and lead adviser in numerous infrastructure transactions. In addition to law, David also holds Master’s degrees in Public Administration and in Applied Business Research, and is also a Fellow of the Chartered Institute of Logistics & Transport (UK). He has served on the Governing Council of the Association of Ghana Industries and between 2013 and 2014. David had the distinction to serve as a committee member of the National Competitiveness Council of Nigeria (NCCN) as a non-Nigerian member. He is also an executive of the AfroChampions organisation which has spearheaded the several Pan-African private sector initiatives. In particular, David focuses on the AfCFTA work of AfroChampions where he leads the AfCFTA initiative.

    Bohani Hlungwane

    Bohani Hlungwane, Regional Head of Trade & Working Capital Africa Regional Operations, Absa Group, South Africa

    Bohani Hlungwane
    Bohani Hlungwane Absa Group, South Africa Regional Head of Trade & Working Capital Africa Regional Operations

    Bohani Hlungwane is the regional head of Trade and Working Capital Finance for all Absa Group entities outside of South Africa. He is responsible for strategy, business development, profitability and overall management of the business. He manages a team based in Johannesburg and the various Trade and Working capital teams in the countries. Bohani is a senior global banker and business leader with 17 years’ experience in commercial banking, trade finance, product management, business development, business management, business strategy, operations management, working capital finance, managing profitability, and deal structuring. His immediate previous role was Director and Product Lead for Guarantees & Standby Documentary Credits in HSBC’s Global Trade Finance business where he worked in Asia (based in Hong Kong) from June 2012 until February 2018. In this role, he had responsibility for Europe, the Americas and MENA as the product lead. Bohani holds a Senior Executive Leadership Program certificate from Stanford University Graduate School of Business, an MBA (Strategy & Finance) from The University of Pretoria's Gordon Institute of Business Science (GIBS), a Bachelor of Commerce Honours in Financial & Monetary Economics from the University of Johannesburg, South Africa and a Bachelor of Commerce in Economics from UNISA.

  • 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 - International Financing Solutions, Strategy & Solutions, Global Financial Services, Microsoft Corporation, UAE

    Rahul Daswani
    Rahul Daswani Microsoft Corporation, UAE Group Finance Manager - International Financing Solutions, Strategy & Solutions, Global Financial Services

    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

Vanessa Manning

Chair: Vanessa Manning, Independent Financial Services Consultant, UK

Vanessa Manning
Vanessa Manning UK Independent Financial Services Consultant

  • 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, Deputy Group Treasurer, Head of Cash Flow Management, Sandvik, Sweden

    Anneli Walltott
    Anneli Walltott Sandvik, Sweden Deputy Group Treasurer, Head of Cash Flow Management

    Anneli Walltott is the Deputy Group Treasurer and Head of Cash Flow Management at Sandvik Treasury AB. She has been with Sandvik for 9 years and have 35 years of experience from the banking, financial and authority sector. In this role Anneli is specifically responsible for Global Cash Management, Global payment and Liquidity Projects, Treasury Operations, Treasury IT, Treasury Intra Group Services, Group Payment Infrastructure and Netting. Anneli is a member of the Board for Sandviks Insurance Company and the Chair of Sandvik Treasury AB. Apart from this Anneli is also the Deputy Group Treasurer and in that role supporting the Group Treasurer in all treasury related matters. Prior to Sandvik Anneli has worked and held different positions at other large International companies, bank and a state agency such as Assa Abloy Treasury, Skanska Financial Services, Nordea, SBAB Finance and The Swedish Supervisory Authority (FSA) as Head of Prudential Supervisory.

    Natalia Martynova

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

    Natalia Martynova
    Natalia Martynova BAT Plc, UK 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
    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. 

    Devyani Parameshwar

    Devyani Parameshwar, Head of Commercial M-Pesa Africa, Vodafone, UK

    Devyani Parameshwar
    Devyani Parameshwar Vodafone, UK Head of Commercial M-Pesa Africa

    Devyani Parameshwar is a Head of Commercial for M-Pesa at the Vodafone Group. Her team works alongside the leadership teams in Africa, to co-create M-Pesa’s product strategy, drive thought leadership and design new products across financial services, merchant and enterprise solutions and remittances. Prior to M-Pesa, Devyani worked on financial inclusion and social enterprise models based in India with the IFC and at Intellecap. Devyani has an MBA from London Business School and a double degree in Physics and International Relations from Wellesley College in the US.

  • 5:00pm
    Conference adjourns to the networking reception