The Largest Trade and Export Finance Event for Sub-Saharan Africa
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
East-Africa-Edition-5-Bidco.Pdf
MARKET East African Manufacturing sector. Bidco is the This is in addition to the BS 18000 certification In 2015, to celebrate Bidco’s 30 year Anniversary first company to establish a fully operational in 2007 (Occupational Health and Safety they “evolved” their brand to include Africa in refinery in East Africa. Management System specification), ISO 9002/1 the name. Bidco Africa not only paid tribute to Bidco has acquired the highly regarded ISO in 1999 (Quality Management Systems) and ISO the founder, but also the people and heritage 22000:2005 presented by Bureau Veritas Kenya. 14000 in 2004 (Environmental Management). that worked tirelessly to make it East Africa’s leading edible oils and hygiene HISTORY and personal care products manufacturer. Bidco was established in 1970 as a garment This is a true African success story that manufacturer in Nyeri, Kenya. In 1985, the started out with producing just three soap former chairman, Mr Bhimji Depar Shah and brands to become one of the region’s his two sons Vimal Shah and Tarun Shah saw largest FMCG manufacturers with over 50 a growing need in the African market for brands. Bidco currently has manufacturing soap products. They relocated to Nairobi, units in Kenya, Uganda, Tanzania and most and set up a soap manufacturing plant. recently Madagascar producing edible Bidco only produced three soap products; oils and fats, margarines, baking products, Kuku, Sabasaba and White Star. hygiene and personal care products and In 1991, Bidco set up a state of animal feeds. Bidco’s range of brands the art refinery in Thika. -
Our Values Underpin Our Growth
our values underpin our growth ABC HOLDINGS LIMITED ANNUAL REPORT 2014 ABOUT BancABC ABC HOLDINGS LIMITED IS THE PARENT COMPANY OF A NUMBER OF BANKS OPERATING UNDER THE BANCABC BRAND IN SUB- SAHARAN AFRICA, WITH OPERATIONS IN BOTSWANA, MOZAMBIQUE, TANZANIA, ZAMBIA AND ZIMBABWE. A GROUP SERVICES OFFICE IS LOCATED IN SOUTH AFRICA. Our vision is to be Africa’s preferred banking partner by offering world-class financial solutions. We will realise this by building profitable, lifelong customer relationships through the provision of a wide range of innovative financial products and services – to the benefit of all our stakeholders. The Group offers a diverse range of services, including but not limited to the following: Corporate Banking, treasury services, Retail & SME Banking, asset management and stockbroking. ABC Holdings Limited is registered in Botswana. During 2014, the ABC Holdings Group was acquired by Atlas Mara. As at 31 December 2014, Atlas Mara had a 98.7% equity stake in ABC Holdings, held directly (60.8%) and indirectly (37.9%). Subsequent to the takeover, ABC Holdings was delisted from the Botswana Stock Exchange (primary listing) on 30 January 2015, and from Zimbabwe Stock Exchange (secondary listing) on 12 February 2015. Atlas Mara is a British Virgin Islands registered company with a standard listing on the London Stock Exchange (“LSE”). CONTENTS 1 Our values and highlights 30 Directors and Group management 2 Five-year fi nancial highlights 35 Directors’ responsibility 3 Salient features statement 5 Group Chairman’s & CEO’s 36 Directors’ report report 39 Annual fi nancial statements 13 Corporate social responsibility report 154 Analysis of shareholders 21 Risk and governance report D ABC HOLDINGS LIMITED ANNUAL REPORT 2014 PAGE PAGE PAGE PAGE PAGE 4 12 20 38 116 VALUE 01 VALUE 02 VALUE 03 VALUE 04 VALUE 05 PEOPLE INTEGRITY PROFESSIONALISM PASSION INNOVATION Our core values centre on five distinct areas. -
Sidian Bank Limited Annual Report and Financial
SIDIAN BANK LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 Sidian Bank Limited Financial Statements For the year ended 31 December 2017 Contents Page Corporate information 1 - 2 Report of the Directors 3 Business review 4 - 6 Statement on corporate governance 7 - 9 Statement of Directors’ responsibilities 10 Report of the independent auditor 11 - 13 Financial statements: Statement of profit or loss and other comprehensive income 14 Statement of financial position 15 Statement of changes in equity 16 Statement of cash flows 17 Notes to the financial statements 18 - 69 Sidian Bank Limited Corporate Information For the year ended 31 December 2017 Directors Executive Chege Thumbi (Appointed 22 August 2017) Titus Karanja* (Resigned 31 July 2017) Non-executive James Mworia (Chairman) Mary Ann Musangi Kimanthi Mutua Tom Kariuki Independent Catherine Mturi-Wairi Independent Donald B Kipkorir** Independent (Resigned 26 July 2017) Oscar Kang’oro Independent (Appointed 5 January 2018) Board Committees Audit and Risk Committee Catherine Mturi-Wairi - Chairperson Kimanthi Mutua Tom Kariuki Mary Ann Musangi Oscar Kangoro Asset and Liability Committee Kimanthi Mutua - Chairperson Catherine Mturi-Wairi Chege Thumbi Mary Anne Musangi Oscar Kangoro Credit Committee Tom Kariuki - Chairperson Kimanthi Mutua Chege Thumbi Oscar Kangoro Nominations and Governance Committee Mary Ann Musangi - Chairperson Catherine Mturi-Wairi Chege Thumbi Tom Kariuki * Mr. Titus Karanja continued in the Bank as a consultant until 31 December 2017. ** Following the resignation of Mr. Donald B Kipkorir, all Committees were reconstituted as search for a new Director began. *** Details of the Brand Committee and the ICT and Operations Committee are included in the Statement on Corporate Governance. -
List of the Main Kenyan Financial Institutions That Provide Loans Tothe Agriculutre Sector
LIST OF THE MAIN KENYAN FINANCIAL INSTITUTIONS THAT PROVIDE LOANS TOTHE AGRICULUTRE SECTOR Type of Org Organisation Service for Brief description Website Reference Contact Id Name SHF Zahid Mustafa - Barclays Commercial 1 Barclays is supporting small holder farmers finance. Consumer Banking Limited Bank Director Commercial Julius Ngesa - Head Commercial They have several product to serve farmers. Value Chains supported: dairy, tea and 2 Bank of Africa http://cbagroup.com/ of Business Bank sugar cane (CBA) Development Business Revolving Credit Plan gives you a line of credit which can be paid off over two to five years. Once you have repaid 25% of the loan, you can withdraw funds up to the original limit, without affecting your monthly repayments. The loan can be linked to your business account, so you can transfer funds electronically An Agricultural Production Loan (APL) is a short-term credit that lets you pay for your agricultural input costs. This product is suitable for grain farmers cultivating on either CFC Stanbic Commercial dry land or on an irrigation basis. Loans are provided to individual farmers, groups and http://www.stanbicban Derrick Kimani - 3 Bank Bank legal entities in the agricultural sector, including commercial farmers and agri- k.co.ke/ Digital Channels businesses. Input costs that qualify for production credit include: Seeds and fertilizer; Fuel, oil and lubricants; Herbicides and pesticides; Repairs and maintenance; Crop insurance premiums The vehicle and asset finance packages are designed to support business‚ cash flow and tax requirements. Vehicles and assets we finance include: Tractors; Harvesters; Centre pivots; Solar panels Dairy Asset Finance, value chain finance. -
Annual Report 2019 East African Development Bank
Your partner in development ANNUAL REPORT 2019 EAST AFRICAN DEVELOPMENT BANK 2 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK ANNUAL REPORT 2019 3 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK CORPORATE PROFILE OF EADB Uganda (Headquarters) Plot 4 Nile Avenue EADB Building P. O. Box 7128 Kampala, Uganda Kenya Country office, Kenya 7th Floor, The Oval Office, Ring Road, Rwanda REGISTERED Parklands Westland Ground Floor, OFFICE AND P.O. Box 47685, Glory House Kacyiru PRINCIPAL PLACE Nairobi P.O. Box 6225, OF BUSINESS Kigali Rwanda Tanzania 349 Lugalo/ Urambo Street Upanga P.O. Box 9401 Dar es Salaam, Tanzania BANKERS Uganda (Headquarters) Standard Chartered –London Standard Chartered – New York Standard Chartered - Frankfurt Citibank – London Citibank – New York AUDITOR Standard Chartered – Kampala PricewaterhouseCoopers Stanbic – Kampala Certified Public Accountants, Citibank – Kampala 10th Floor Communications House, 1 Colville Street, Kenya P.O. Box 882 Standard Chartered Kampala, Uganda Rwanda Bank of Kigali Tanzania Standard Chartered 4 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK ESTABLISHMENT The East African Development Bank (EADB) was established in 1967 SHAREHOLDING The shareholders of the EADB are Kenya, Uganda, Tanzania and Rwanda. Other shareholders include the African Development Bank (AfDB), the Netherlands Development Finance Company (FMO), German Investment and Development Company (DEG), SBIC-Africa Holdings, NCBA Bank Kenya, Nordea Bank of Sweden, Standard Chartered Bank, London, Barclays Bank Plc., London and Consortium of former Yugoslav Institutions. MISSION VISION OUR CORE To promote sustain- To be the partner of VALUES able socio-economic choice in promoting development in East sustainable socio-eco- Africa by providing nomic development. -
National Assembly
October 25, 2016 PARLIAMENTARY DEBATES 1 NATIONAL ASSEMBLY OFFICIAL REPORT Tuesday, 25th October, 2016 The House met at 2.30 p.m. [The Speaker (Hon. Muturi) in the Chair] PRAYERS Hon. Speaker: Hon. Members, I would like to draw the attention of the House to some malfunction and, therefore, until such time as our technicians will confirm, Members will use the Dispatch Box to make any interventions and/or contributions. Even though some of you are pressing various buttons, they will not work. (Laughter) They could show the red light, but they are not functioning, but the technicians are working on it. However, we can commence business. COMMUNICATION FROM THE CHAIR DISCHARGE OF MEMBERS FROM COMMITTEES Hon. Speaker: Hon. Members, I wish to notify the House that I am in receipt of correspondence from the Whip of the Minority Party, Hon. Thomas L. Mwadeghu, MP, in respect of discharge of the following Members from Committees:- (i) The Hon. (Eng.) James Gordon Kwanya Rege, MP, to be discharged from the Departmental Committee on Energy, Communication and Information and the Joint Committee on National Cohesion and Equal Opportunity. (ii) The Hon. Cyprian Kubai Iringo, MP, to be discharged from the Departmental Committee on Finance, Planning and Trade and the Committee on Regional Integration. (iii)The Hon. Ababu Namwamba, MP, to be discharged from the Budget and Appropriations Committee, Departmental Committee on Administration and National Security and the Constitutional Implementation Oversight Committee. (iv) The Hon. Isaac Mwaura, MP, to be discharged from the Departmental Committee on Environment and Natural Resources and Procedure and House Rules Committee. -
Pdf 165.9 KB
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. 30 April 2019 Proposed Strategic Transaction with Equity Group Holdings Atlas Mara Limited ("Atlas Mara" or the "Company" and including its subsidiaries, the “Group”), the sub- Saharan African financial services group, announces that it has entered into a binding term sheet with Equity Group Holdings Plc (“EGH”) for the exchange of certain banking assets of the Company in four countries for ordinary shares in EGH (the “Proposed Transaction”). The Proposed Transaction is subject to confirmatory due diligence, definitive transaction documentation, relevant regulatory approvals, and other conditions precedent customary for transactions of this nature. As part of the Proposed Transaction, EGH would acquire for shares in EGH Atlas Mara’s 62% shareholding in Banque Populaire du Rwanda (BPR) and, via the Company’s subsidiary ABC Holdings Limited, all of Atlas Mara’s indirect interests in African Banking Corporation Zambia (BancABC Zambia), African Banking Corporation Tanzania (BancABC Tanzania), and African Banking Corporation Mozambique (BancABC Mozambique). The parties would anticipate mergers of their respective banks within each of Rwanda and Tanzania. The Company expects to receive as consideration approximately 252,482,300 ordinary shares of EGH representing approximately 6.27% of the pro forma share capital of EGH post-closing. This implies the consideration to be paid is the equivalent of approximately USD 105.4 million. The aggregate consideration ultimately payable will be that set out in the definitive agreements negotiated following confirmatory due diligence, and may be subject to adjustment (positive or negative), based on the performance of the banks through consummation of the transactions, and on the net asset value of the banks at the time of closing relative to the net asset value they reported as at 31 December 2018. -
Absa Bank 22
Uganda Bankers’ Association Annual Report 2020 Promoting Partnerships Transforming Banking Uganda Bankers’ Association Annual Report 3 Content About Uganda 6 Bankers' Association UBA Structure and 9 Governance UBA Member 10 Bank CEOs 15 UBA Executive Committee 2020 16 UBA Secretariat Management Team UBA Committee 17 Representatives 2020 Content Message from the 20 UBA Chairman Message from the 40 Executive Director UBA Activities 42 2020 CSR & UBA Member 62 Bank Activities Financial Statements for the Year Ended 31 70 December 2020 5 About Uganda Bankers' Association Commercial 25 banks Development 02 Banks Tier 2 & 3 Financial 09 Institutions ganda Bankers’ Association (UBA) is a membership based organization for financial institutions licensed and supervised by Bank of Uganda. Established in 1981, UBA is currently made up of 25 commercial banks, 2 development Banks (Uganda Development Bank and East African Development Bank) and 9 Tier 2 & Tier 3 Financial Institutions (FINCA, Pride Microfinance Limited, Post Bank, Top Finance , Yako Microfinance, UGAFODE, UEFC, Brac Uganda Bank and Mercantile Credit Bank). 6 • Promote and represent the interests of the The UBA’s member banks, • Develop and maintain a code of ethics and best banking practices among its mandate membership. • Encourage & undertake high quality policy is to; development initiatives and research on the banking sector, including trends, key issues & drivers impacting on or influencing the industry and national development processes therein through partnerships in banking & finance, in collaboration with other agencies (local, regional, international including academia) and research networks to generate new and original policy insights. • Develop and deliver advocacy strategies to influence relevant stakeholders and achieve policy changes at industry and national level. -
Notes to the Financial Statements 34
Secure Online Payments Open your online store to international customers by accepting & payments. Transactions are settled NO FOREX UGX USD in both UGX and USD EXPOSURE Powered by for more Information 0417 719229 [email protected] XpressPay is a registered TradeMark Secure Online Payments 2016 ANNUAL REPORT Open your online store to international customers by accepting & payments. Transactions are settled NO FOREX UGX USD in both UGX and USD EXPOSURE Powered by for more Information 0417 719229 [email protected] XpressPay is a registered TradeMark ENJOY INTEREST OF UP TO 7% P.A. WITH OUR PREMIUM CURRENT ACCOUNT INTEREST IS CALCULATED DAILY AND PAID MONTHLY. CONTENTS Overview About Us 6 Our Branch Network 7 Our Corporate Social Responsibility 8 Corporate Information 11 Governance Chairman’s Statement 12 Managing Director/CEO’s Statement 14 Board of Directors’ Profiles 18 Executive Committee 20 Directors’ Report 21 Statement of Directors’ Responsibilities 23 Report of the Independent Auditors 24 Orient Bank Limited Annual Report and Consolidated 04 Financial Statements For the year ended 31 December 2016 OVERVIEW GOVERNANCE FINANCIAL STATEMENTS Financial Statements Consolidated Statement of Comprehensive Income 26 Bank Statement of Comprehensive Income 27 Consolidated Statement of Financial Position 28 Bank Statement of Financial Position 29 Consolidated Statement of Changes in Equity 30 Bank Statement of Changes in Equity 31 Consolidated Statement of Cash flows 32 Bank Statement of Cash flows 33 Notes to the Financial Statements 34 Orient Bank Limited Annual Report and Consolidated Financial Statements For the year ended 31 December 2016 05 ...Think Possibilities ABOUT US Orient Bank is a leading private sector commercial Bank in Uganda. -
East Africa Community Business & Investment
EAST AFRICA COMMUNITY BUSINESS & INVESTMENT FORUM 2021 APRIL 27TH 10:00 CET/11:00 EAT 10:00 Welcome to East African Community Business & Investment Forum 2021 10:10 Welcome to East African Community Business & Investment Forum 2021 (EAC-BIF 2021). You are welcomed by SWEACC Chairman, Mr. Jan Furuvald, and the Ambassador for Rwanda to Sweden and Dean of East African Ambassadors in Sweden H.E. Christine Nkulikiyinka. Our moderator for the day, Ms. Leila Trulsen will give you a short briefing of the day and present our first session. 10:10 Keynotes and panel discussion with ministers 11:00 Keynote speeches from our honorable ministers from Sweden, Kenya, Rwanda, and Tanzania speak on how we can increase business, trade, and transfer between Sweden and EAC in order to enhance development and help create green cities in East Africa. Speakers: • Anna Hallberg, Swedish Minister for Foreign Trade and Nordic Affairs • Kitila Mkumbo, Tanzanian Minister for industry and trade - Tanzania • Paula Ingabire, Rwandan Minister of ICT, and Innovation • Betty Maina, Kenyan Minister of Industrialization, Trade and Enterprise Development • Amelia Kyambadde, Ugandan Cabinet Minister of Trade, Industry and Cooperatives 11:00 Networking session 12:00 Book your own one-to-one meetings with businesses, entrepreneurs, investor and or organizations participating in the conference. Meeting will show up in your agenda. When you start the meeting, it will automatically come up on your screen. 11:10 Discussion rooms 11:55 Discussion/roundtable on select topics for your startup, project, or venture. This session is participatory. Participants are able and encouraged to join the discussion led by moderators. -
A Case of Bidco Africa by Caroli
FACTORS INFLUENCING SUSTAINABLE COMPETITIVE ADVANTAGE IN THE FAST-MOVING CONSUMER GOODS SECTOR: A CASE OF BIDCO AFRICA BY CAROLINE N. WANJOHI UNITED STATES INTERNATIONAL UNIVERSITY SUMMER 2017 FACTORS INFLUENCING SUSTAINABLE COMPETITIVE ADVANTAGE IN THE FAST MOVING CONSUMER GOODS SECTOR: A CASE OF BIDCO AFRICA BY CAROLINE N. WANJOHI A Research Project Report Submitted to the Chandaria School of Business in Partial Fulfillment of the Requirement for the Degree of Masters in Business Administration (MBA) UNITED STATES INTERNATIONAL UNIVERSITY-AFRICA SUMMER 2017 ii STUDENT’S DECLARATION I, the undersigned declare that this is my original work and has not been submitted to any other university or college institution except the United States International University- Africa in Nairobi for academic credit. Signed: ____________________________ Date: __________________________ Caroline Nyambura Wanjohi (ID 644032) This project has been submitted for examination with my approval as the appointed supervisor. Signed: ____________________________ Date: ____________________________ Dr. Kefah Njenga Signed: ____________________________ Date: ____________________________ Dean, Chandaria School of Business iii COPYRIGHT © 2017 Caroline Nyambura Wanjohi All rights reserved No part of this project may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronically, mechanically, photocopying, recording, scanning, or otherwise without the permission of the copyright owner. Except for brief quotation in critical reviews -
Expanding Finance for Water Service Providers in Kenya
Expanding Finance for Water Service Providers in Kenya USAID’s Water, Sanitation and Hygiene Finance (WASH-FIN) Program Country Brief Series INTRODUCTION. USAID’s Water, Sanitation and Hygiene Finance (WASH-FIN) Kenya program, which started in April 2017, is working to support closing the financing gap between the currently available government budget and the total investment needed to reach universal water and sanitation access by 2030. The program operates in urban areas with creditworthy and/or efficiently managed Water Service Providers (WSPs) that have responsibility for both water supply and sanitation. By partnering with national and county governments, development partners, local financial institutions, and other stakeholders, the program supports public and private water and sanitation service providers in accessing additional capital for sustainable, climate-resilient water and sanitation infrastructure. By exploring new sources of finance, the program complements and leverages funding from traditional sources such as taxes, transfers, and tariffs, and supports the WASH sector in Kenya on its journey to self-reliance. Key Takeaways Overcoming Fundamental Governance Challenges Can Unlock Commercial Financing; Government Leadership and Development Partner Coordination is Crucial to Maximize Sector Investment; Commercial Financing is Hampered by Lack of Bankable Projects, Weak Creditworthiness, and Limited Supply of Affordable Financing; Project Preparation and Transaction Support Can Build Stronger Demand and Link Access to Financing; and Commercial Financing Will Play a Small but Important Role in Sector Financing. This publication was produced for review by the United States Agency for International Development (USAID). It was prepared by Tetra Tech. The authors’ views expressed in this publication do not necessarily reflect the views of USAID or the United States Government.