DOCSLIB.ORG

SWISSPORT TANZANIA PLC Annual Report for the Year Ended 31

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
SWISSPORT TANZANIA PLC Annual Report for the Year Ended 31 Swissport Tanzania Plc - Annual report 2020 Report of the directors 1 SWISSPORT TANZANIA PLC Financial summary and production trends Director’s profile 2020 key facts Letter of transmittal Our esteemed customers Swissport customerANNUAL trend from 2016 The chairman’s statement Taarifa ya mwenyekiti 2020 CEO report Ripoti ya MkurugenziREPORT Mkuu 2020 Report of the directors Statement of directors’ responsibilities Declaration of the chief financial officer Independent2020 auditors’ report Financial statements Statement of profit or loss and other comprehensive income Statement of financial position Statement of changes in equity Statement of cash flows Notes to the financial statements Management team General information Financial summary and production trends Director’s profile 2020 key facts Letter of transmittal Our esteemed customers Swissport customer trend from 2016 The chairman’s statement Taarifa ya mwenyekiti 2020 CEO report Ripoti ya Mkurugenzi Mkuu 2020 Report of the directors Statement of directors’ responsibilities Declaration of the chief financial officer Independent auditors’ report Financial statements Statement of profit or loss and other comprehensive income Statement of financial position Statement of changes in equity Statement of cash flows Notes to the financial statements Management team General information Contents 3 CONTENTS Financial summary and production trends 4 Director’s profile 5 2020 key facts 6 Letter of transmittal 6 Our esteemed customers 7 Swissport customer trend from 2016 8 The chairman’s statement 9 Taarifa ya mwenyekiti 11 2020 CEO report 13 Ripoti ya Mkurugenzi Mkuu 2020 16 Report of the directors 20 Statement of directors’ responsibilities 40 Declaration of the chief financial officer 41 Independent auditors’ report 42 Financial statements Statement of profit or loss and other comprehensive income 47 Statement of financial position 48 Statement of changes in equity 49 Statement of cash flows 51 Notes to the financial statements 52 Management team 95 General information 96 Certified: ISAGO ISO 9001: 2015 Quality Management System ISO 14001: 2015 Environmental Management System 4 Swissport Tanzania Plc - Annual report 2020 FINANCIAL SUMMARY AND PRODUCTION TRENDS Financial summary and production trends PRODUCTION TREND EBIT MARGIN TREND Director’s profile % 3% 50 2020 key facts 30.000 % % 140.000 -11 % 10 % 40 23 -3 120.000 Letter of transmittal 25.000 % % -14 -8% 30 % % 4 100.000 Our esteemed customers 20.000 38 -5 % % 20 % % 1 -8 -19 -2 80.000 Swissport customer trend from 2016 11% -6% 10 15.000 % % % % 9 -1 % -39 60.000 16 -9 % -21% 10.000 % % -5 4 13 40.000 (10) The chairman’s statement % % 5.000 -40 -3 20.000 (20) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Taarifa ya mwenyekiti - - 33 32 32 42 46 38 33 21 10 - 12 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 CEO report Gross flights 11.161 11.590 13.098 15.225 16.534 16.299 14.792 14.051 8.421 8.201 Ripoti ya Mkurugenzi Mkuu 2020 Gargo (tons) 27.605 28.354 25.126 23.908 24.874 20.145 19.676 18.551 18.779 17.354 PROFIT/LOSS AFTER TAXATION Report of the directors Passengers (’0’) 59.229 65.707 90.535 111.11 121.83 118.35 101.32 92.845 56.864 44.970 Statement of directors’ responsibilities TZS MIL Declaration of the chief 20.000 financial officer 15.000 Independent auditors’ report GROSS VS WEIGHTED FLIGHTS 10.000 5.000 25.000 Financial statements % Statement of profit or loss and 20.000 -3 other comprehensive income % 15.000 (5.000)1 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 10.238 6.723 7.496 12.937 18.137 15.232 11.934 7.459 2.311 (2.587) Statement of financial position 10.000 Statement of changes in equity 5.000 Statement of cash flows 2014 2015 2016 2017 2018 2019 2020 EARNINGS PER SHARE Notes to the financial statements Gross flights 15,225 16,534 16,299 14,792 14,051 8.421 8.201 600 Weighted Flights 19,058 21,402 20,872 16,406 14.621 9,523 7,384 500 Management team 400 300 200 100 General information REVENUE TREND (100) (200) 70.000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 60.000 197 187 208 359 504 423 332 207 64 (72) 50.000 40.000 30.000 DIVIDEND PER SHARE 20.000 TZS Mil 10.000 300 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 250 Cargo 11.161 11.900 12.946 17.318 22.195 20.277 18.436 18.690 18.495 16.972 200 Ground handling 17.149 18.525 23.278 27.271 35.161 37.225 32.657 29.524 16.951 9.447 Total 28.310 30.425 36.224 44.589 57.356 57.502 51.093 48.214 35.446 26.419 150 100 50 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 95 167 88 178 248 120 166 104 - - NET CURRENT ASSET/LIABILITY TZS Mil 8.000 6.000 4.000 2.000 - (2.000) (4.000) (6.000) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 7.215 7.249 7.774 7.315 4.297 (5.375) 2.389 104 (296) 678 Directors profile 5 CURRENT DIRECTORS’ PROFILES Financial summary and production trends Jeroen de Clercq Chairman of the Board Director’s profile BSc. Business Admiration 2020 key facts Letter of transmittal Dutch, Age 58 Our esteemed customers Mr. de Clercq has over 30 year of experience in the aviation industry and currently is Senior Vice President Swissport customer trend from 2016 Sub-Saharan Africa & Israel of Swissport International Ltd (SPI). He held various positions within the Swissport Group including those of Chief Executive Officer for Swissport Kenya Limited and Swissport South Africa (Pty) Ltd. Prior to Swissport he worked for KLM Royal Dutch Airlines where he held various operational The chairman’s statement and commercial management positions. He serves as a chairman of the board of Swissport Ghana Ltd, Taarifa ya mwenyekiti Swissport Kenya Ltd, Swissport Cargo Services Israel Ltd and QAS Israel Ltd. He has been in the Board of 2020 CEO report Directors of Swissport Tanzania Plc (SPT) since June 2006, representing SPI. Ripoti ya Mkurugenzi Mkuu 2020 Report of the directors Eric Muriithi Statement of directors’ responsibilities Non-Executive Director MBA. Accounting and Finance Declaration of the chief financial officer Kenyan, Age 36 Independent auditors’ report Mr. Miriithi has over 11 years of experience in finance, audit and strategic advisory roles for multinationals. Currently is a Chief Financial Officer Kenya & Head of Finance Sub-Saharan Africa and Israel of Swissport Financial statements International Ltd. Before joining Swissport he worked as an Internal Auditor and Assistant Vice President, Statement of profit or loss and Finance of Barclays Bank Kenya. He has external audit background having worked with KPMG as Auditor Senior. He was appointed to SPT Board of Directors in March 2020 representing SPI. other comprehensive income Statement of financial position Statement of changes in equity Dr. Charles Kimei Independent Non-Executive Director Statement of cash flows Doctor of Philosophy-Phd. Money and Finance Notes to the financial statements Tanzanian, Age 68 Management team Dr. Kimei has over 40 years of experience in the banking and financial sector. He is the former banker who was MD & CEO of CRDB Bank Plc for 21 years. Prior to joining CRDB Bank he worked with Bank of Tanzania General information as Director of Banking Supervision, Director of Economic Research, Head of Domestic Division Research Department and Manager Economic Research and Policy. He serves on various board including Trustees of Halo Pesa as the chairman and Research Policy for Development (REPOA) as a member. He joined the Board of Directors of SPT in April 2019 representing the minority shareholders. Raymond Mbilinyi Independent Non-Executive Director BSc in Engineering; MBA in Marketing Tanzanian, Age 56 Mr. Mbilinyi is the Chairman & CEO TanBizLink. Prior to that he held various position with the Government of the United Republic Of Tanzania. His previous roles within the Government includes Executive Secretary Tanzania National Business Council, Executive Director, Director of Investment promotion and Director of Promotion of Tanzania Investment Centre. He serves in various board including Equity Bank Tanzania as the chairman and Tanga Cement Plc as a member. He joined the Board of Directors of SPT in April 2016 representing minority shareholders 6 Swissport Tanzania Plc - Annual report 2020 2020 KEY FACTS Financial summary and production trends Director’s profile 2020 key facts Letter of transmittal Our esteemed customers CARGO TONS HANDLED FLIGHTS HANDLED THOUSAND) (THOUSAND) Swissport customer trend from 2016 The chairman’s statement Taarifa ya mwenyekiti 2020 CEO report Ripoti ya Mkurugenzi Mkuu 2020 45 2 Report of the directors PASSENGERS SERVED CARGO Statement of directors’ responsibilities (THOUSAND) WAREHOUSES Declaration of the chief financial officer Independent auditors’ report Financial statements Statement of profit or loss and 715 2 EMP LOYEES AIRPORTS other comprehensive income Statement of financial position Statement of changes in equity Statement of cash flows Notes to the financial statements 25 CUSTOMERS Management team Certified: General information REVENUE AIRCRAFT TURNS ISAGO ISO 9001: 2015 Quality Management System + 1 0.4 % + 5.7 % ISO 14001: 2015 Environmental Management System 201 2 billion euros 201 216 million 201 21 billion euros 1 201 20 million EBITDA2 CARGO TONS + 28.7 % + 1 .9 % 201 22 million euros 201 million tons 201 2122 million euros 1 201 6 million tons 1 LETTER OF TRANSMITTAL 2 To The annual report contains the Chairman’s Statement, The shareholders CEO’s Report, Report of the Directors, Auditors’ Report Swissport Tanzania Plc.
Load more

Recommended publications
  • THE UNITED REPUBLIC of TANZANIA Tanzania Airports Authority
    THE UNITED REPUBLIC OF TANZANIA MINISTRY OF WORKS, TRANSPORT AND COMMUNICATION Tanzania Airports Authority Tender No AE-027/2019-2020/HQ/N/1 For Lease of Space for Provision of Services at Tanzania Airports Authority Managed Airports Invitation to Bid Date: 06th December, 2019 1. Tanzania Airports Authority has available spaces for various business opportunities (for Leasing) at various managed airports and intends to lease the premises to interested companies for provision of various services. It is expected that TAA will generate more revenues under the contracts and hence improve service delivery to its airports. 2. The Tanzania Airports Authority now invites sealed bids from eligible business community for leasing the spaces (Business premises) at various airports as follows: LOT DESCRIPTION ITEM DESCRIPTION QUANTITY AREA OF LOT OF BUSINESS (SQM) 1. Arusha Airport 7 Kiosk for Soft 1 33 Drink 2. Bukoba Airport 6 Kiosk for Mobile 1 4 money services 3. Dodoma Airport 3 Kiosk for Snacks 1 4 4. Iringa Airport 1 Baggage Wrapping 1 4 Services 3 Restaurant 1 72 4 Kiosk for Curio 2 3 Shop 3 LOT DESCRIPTION ITEM DESCRIPTION QUANTITY AREA OF LOT OF BUSINESS (SQM) 5 Kiosk for Retail 1 3.5 shop 5. Kigoma Airport 1 Baggage Wrapping 1 4 Services 2 Restaurant 1 19.49 3 Kiosk for Retail 2 19.21 shop 4 Kiosk for Snacks 1 9 5 Kiosk for Curio 1 6.8 Shop 6. Kilwa Masoko 1 Restaurant 1 40 Airport 2 Kiosk for soft 1 9 drinks 7. Lake Manyara 2 Kiosk for Curio 10 84.179 Airport Shop 3 Kiosk for Soft 1 9 Drink 4 Kiosk for Ice 1 9 Cream and Beverage Outlet 5 Car Wash 1 49 6 Kiosk for Mobile 1 2 money services 8.
    [Show full text]
  • Attachment a the United Republic of Tanzania
    ATTACHMENT A THE UNITED REPUBLIC OF TANZANIA ANNEXES TO THE GUIDELINES FOR THE PREPARATION OF ANNUAL PLAN AND BUDGET FOR 2013/14 IN THE IMPLEMENTATION OF THE FIVE YEAR DEVELOPMENT PLAN 2011/12-2015/16 DECEMBER, 2012 TABLE OF CONTENTS LIST OF ABREVIATIONS ............................................................................................................................. IV CHAPTER I: REVIEW OF MACROECONOMIC PERFORMANCE AND 2011/12 ANNUAL DEVELOPMENT PLAN 1 INTRODUCTION ................................................................................................................................................. 1 REVIEW OF MACROECONOMIC PERFORMANCE ........................................................................................................ 1 IMPLEMENTATION OF ANNUAL DEVELOPMENT PLAN 2011/12 ................................................................. 12 REGIONAL COOPERATION ........................................................................................................................ 24 ACHIEVEMENTS: ....................................................................................................................................... 24 CHAPTER II: MACROECONOMIC OUTLOOK AND MEDIUM TERM FOCUS .................................................. 26 INTRODUCTION ............................................................................................................................................... 26 Global Economic Growth and Outlook ..................................................................................................
    [Show full text]
  • Landsfakta Och Matnyttig Information Om Tanzania
    Hjälp till Självhjälp Uppdaterad April 2021 Om olyckan är framme SOS-International, EuroAlarm & Europ Assistance Om du har tecknat en reseförsäkring eller har en vanlig hemförsäkring och råkar ut för en olycka, stöld eller annat som kan tänkas täckas av försäkringen ska du så fort som möjligt ta direktkontakt med SOS-International, EuroAlarm eller Europ Assistance. SOS-International a/s är de nordiska försäkringsbolagens serviceorganisation i samband med utlandsskador. Syftet med verksamheten är att hjälpa utlandsresenärer på de nordiska försäkringsbolagens vägnar. SOS International AB Karlsrovägen 1 182 53 Danderyd, Stockholm, Sverige Tel: +46 8 625 44 00 Organisationsnummer 556506-8581 Fax: +46 8 625 44 44 E-post: [email protected] https://www.sos.eu/se/ Europ Assistance c/o Falck Global Assistance Ostmästargränd 5 Box 90322 120 25 Stockholm Tel: +46 8 587 717 17 Fax: +46 8 505 939 13 E-post: [email protected] www.falcktravelcare.se/ www.europ-assistance.se/ Euro- Alarm Assistance Prague Křižíkova 36a 186 00 Prague 8 - Karlín Czech Republic Tel: +420 221 860 619 Fax: +420 221 860 600 E-post: [email protected] www.euro-alarm.cz Gouda Alarmcentral A.C. Meyers Vænge 9 DK-2450 Copenhagen SV Tel: + 45 33 15 60 60 Fax: + 45 33 15 60 61 E-post: [email protected] https://www.gouda-rf.se/ SOS, EuroAlarm och Europ Assistances larmcentraler är öppna 24 timmar om dygnet, samtliga dagar. Man har där kontaktläkare som kan sätta sig i förbindelse med den behandlade läkaren i utlandet. Man accepterar dessutom "collect calls", dvs mottagaren betalar. Polisen DAR ES SALAAM Emergency (Police/Fire/Ambulance) 111, 112, 114 +255 22 2117705 Central Police Station, Gerezani St.
    [Show full text]
  • TANZANIA TOURISM SECTOR SURVEY a TANZANIA TOURISM SECTOR SURVEY
    TheThe 20142014 InternationalInternational Visitors’Visitors’ ExitExit SurveySurvey ReportReport THE TANZANIA TOURISM SECTOR SURVEY a TANZANIA TOURISM SECTOR SURVEY THE 2014 INTERNATIONAL VISITORS’ EXIT SURVEY REPORT November 2016 c TABLE OF CONTENTS LIST OF TABLES ...................................................................................... iii LIST OF CHARTS ..................................................................................... iv ACRONYMS ............................................................................................. v FOREWORD ............................................................................................. vi ACKNOWLEDGEMENT ........................................................................... vii EXECUTIVE SUMMARY .......................................................................... viii Chapter 1: Recent Developments in the Tourism Industry .................. 1 1.1 Global Perspective ........................................................................... 1 1.2 Tourism Development in East Africa ................................................. 5 1.3 Tourism Development in Tanzania ................................................... 5 1.3.1 International Tourist Arrivals ............................................... 6 1.3.2 Promotion and Marketing .................................................... 6 1.3.3 New Accommodation Establishment .................................. 7 1.3.4 Establishment of Tanzania Wildlife Management Authority .. 8 1.3.5 Tourism Trade Fair
    [Show full text]
  • Flight Calibration of Landing and Navigation Aids
    UNITED REPUBLIC OF TANZANIA AIC TANZANIA CIVIL AVIATION AUTHORITY Aeronautical Information Management 05/19 Nyerere/ Kitunda Road Junction FAX: (255 22) 2844300, 2844302 (Pink 70) Aviation House, 1st Floor, PHONE: (255 22) 2198100, 2844291. P.O. Box 2819, DAR ES SALAAM AFS: HTDQYOYO 07 OCT Email: [email protected], [email protected] Website: www.tcaa.go.tz Document No: Title: AIC Page 1 of 2 TCAA/FRM/ANS/AIS-30 The following circular is promulgated for information, guidance and necessary action Hamza S. Johari Director General FLIGHT CALIBRATION OF LANDING AND NAVIGATIONAL AIDS The following Landing and Navigational Aids in the Dar es Salaam Flight Information Region (DAR FIR) were flight checked and approved for operational use on the dates indicated:- 1. Julius Nyerere International Airport – HTDA i) ILS (GP) and (LLZ) Runway 05 routine flight checked on 11 September 2019 and approved for operational use. ii) PAPI Runway 05 and 23 routine flight checked on 11 March 2019 and approved for operational use. iii) ‘DV’ DVOR/DME DV 112.7 MHz routine flight check carried out on 25 September 2018 and approved for operational use. 2. Kilimanjaro International Airport – HTKJ i) ‘KV’ DVOR/DME KV 115.3 MHz routine flight checked on 24 September 2018 and approved for operational use. ii) ILS (GP) and (LLZ) Runway 09 routine flight checked on 09 September 2019 and approved for operational use. iii) PAPI Runway 09 and 27 routine flight checked on 05 March 2019 and approved for operational use. 3. Abeid Amani Karume International Airport – HTZA i) PAPI Runway 18 and 36 routine flight checked on 10 March 2019 and approved for operational use.
    [Show full text]
  • The Kenya Power & Lighting Company Plc Half-Year Financial Statements 31
    THE KENYA POWER & LIGHTING COMPANY PLC HALF-YEAR FINANCIAL STATEMENTS 31 DECEMBER 2020 THE KENYA POWER & LIGHTING COMPANY PLC FINANCIAL STATEMENTS FOR SIX MONTHS PERIOD ENDED 31 DECEMBER 2020 CONTENTS PAGES Report of the Directors 2 Statement of Comprehensive Income 3 Statement of Financial Position 4 Statement of Changes in Equity 5 Statement of Cash Flows 6 Notes to the Financial Statements 7 - 22 1 THE KENYA POWER & LIGHTING COMPANY PLC REPORT OF THE DIRECTORS The Directors submit the unaudited interim financial statements for the six months’ period ended 31 December 2020 ACTIVITIES The core business of the Company continues to be the transmission, distribution and retail of electricity purchased in bulk from The Kenya Electricity Generating Company Limited (KenGen), Independent Power Producers (IPPs), Uganda Electricity Transmission Company (UETCL) and Tanzania Electric Supply Company Limited (TANESCO). RESULTS Shs’000 Profit before Taxation 332,658 Taxation charge (194,297) Profit for the Period 138,361 DIVIDENDS The Directors recommend no payment of interim dividend for the period. 2 THE KENYA POWER & LIGHTING COMPANY PLC STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS PERIOD ENDED 31 DECEMBER 2020 Note 31.12.2020 31.12.2019 Revenue Shs’ 000 Shs’ 000 Electricity Sales 2 (a) 61,497,156 61,241,134 Foreign Exchange adjustment 2 (a) 2,662,375 571,532 Fuel cost adjustment 2 (a) 4,855,056 7,793,993 69,014,587 69,606,659 Power Purchase Costs Non Fuel Power Purchase Costs 3 (a) (38,122,496) (37,190,151) Foreign
    [Show full text]
  • 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.
    [Show full text]
  • Swissport Tanzania Ltd Annual Report 2007:Swissport Lay 13-03-07 FIN 4/9/08 2:53 PM Page 5
    Annual Report 2007:Swissport lay 13-03-07 FIN 4/9/08 2:52 PM Page 1 SWISSPORT TANZANIA LTD ANNUAL REPORT 2007 www.swissport.co.tz Annual Report 2007:Swissport lay 13-03-07 FIN 4/9/08 2:52 PM Page 2 CONTENTS CONTENTS Letter of Transmittal 2 Chairman’s Statement 3 - 4 CEO’s Report 5 - 7 Report of the Directors 8 - 14 Statement of Directors Responsibilities 15 Report of the independent Auditors 16 - 17 Profit and Loss Account 18 Balance Sheet 19 Statement of Changes in Equity 20 Cash Flow Statement 21 Notes to the Financial Statements 22 - 42 Management Team 43 Auditors, Bankers, Lawyers and Insurers 44 Notice to the 23rd Annual General Meeting 45 Notes 46 - 47 Annual Report 2007:Swissport lay 13-03-07 FIN 4/9/08 2:52 PM Page 1 OUR ESTEEMED CUSTOMER AIRLINES OUR ESTEEMED CUSTOMER AIRLINES Executive Aviation Cargo Operators Customers Annual Report 2007:Swissport lay 13-03-07 FIN 4/9/08 2:52 PM Page 2 2 Letter of Transmittal To The shareholders Swissport Tanzania Ltd Letter of Transmittal The Directors of the company have the pleasure to submit to you the Annual Report for the company for the year ended 31st December 2007, in accordance with section 166 of the Companies Act, 2002. The report contains the Chairman’s Statement, CEO’s Report on the status of affairs of the company, the Directors’ Report and Auditors’ Report on the accounts. An interim dividend of TAS 1,260 Million or TAS 35.00 per share was paid in November, 2007.
    [Show full text]
  • 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.
    [Show full text]
  • Bank Supervision Annual Report 2019 1 Table of Contents
    CENTRAL BANK OF KENYA BANK SUPERVISION ANNUAL REPORT 2019 1 TABLE OF CONTENTS VISION STATEMENT VII THE BANK’S MISSION VII MISSION OF BANK SUPERVISION DEPARTMENT VII THE BANK’S CORE VALUES VII GOVERNOR’S MESSAGE IX FOREWORD BY DIRECTOR, BANK SUPERVISION X EXECUTIVE SUMMARY XII CHAPTER ONE STRUCTURE OF THE BANKING SECTOR 1.1 The Banking Sector 2 1.2 Ownership and Asset Base of Commercial Banks 4 1.3 Distribution of Commercial Banks Branches 5 1.4 Commercial Banks Market Share Analysis 5 1.5 Automated Teller Machines (ATMs) 7 1.6 Asset Base of Microfinance Banks 7 1.7 Microfinance Banks Market Share Analysis 9 1.8 Distribution of Foreign Exchange Bureaus 11 CHAPTER TWO DEVELOPMENTS IN THE BANKING SECTOR 2.1 Introduction 13 2.2 Banking Sector Charter 13 2.3 Demonetization 13 2.4 Legal and Regulatory Framework 13 2.5 Consolidations, Mergers and Acquisitions, New Entrants 13 2.6 Medium, Small and Micro-Enterprises (MSME) Support 14 2.7 Developments in Information and Communication Technology 14 2.8 Mobile Phone Financial Services 22 2.9 New Products 23 2.10 Operations of Representative Offices of Authorized Foreign Financial Institutions 23 2.11 Surveys 2019 24 2.12 Innovative MSME Products by Banks 27 2.13 Employment Trend in the Banking Sector 27 2.14 Future Outlook 28 CENTRAL BANK OF KENYA 2 BANK SUPERVISION ANNUAL REPORT 2019 TABLE OF CONTENTS CHAPTER THREE MACROECONOMIC CONDITIONS AND BANKING SECTOR PERFORMANCE 3.1 Global Economic Conditions 30 3.2 Regional Economy 31 3.3 Domestic Economy 31 3.4 Inflation 33 3.5 Exchange Rates 33 3.6 Interest
    [Show full text]
  • Global Volatility Steadies the Climb
    WORLD AIRLINER CENSUS Global volatility steadies the climb Cirium Fleet Forecast’s latest outlook sees heady growth settling down to trend levels, with economic slowdown, rising oil prices and production rate challenges as factors Narrowbodies including A321neo will dominate deliveries over 2019-2038 Airbus DAN THISDELL & CHRIS SEYMOUR LONDON commercial jets and turboprops across most spiking above $100/barrel in mid-2014, the sectors has come down from a run of heady Brent Crude benchmark declined rapidly to a nybody who has been watching growth years, slowdown in this context should January 2016 low in the mid-$30s; the subse- the news for the past year cannot be read as a return to longer-term averages. In quent upturn peaked in the $80s a year ago. have missed some recurring head- other words, in commercial aviation, slow- Following a long dip during the second half Alines. In no particular order: US- down is still a long way from downturn. of 2018, oil has this year recovered to the China trade war, potential US-Iran hot war, And, Cirium observes, “a slowdown in high-$60s prevailing in July. US-Mexico trade tension, US-Europe trade growth rates should not be a surprise”. Eco- tension, interest rates rising, Chinese growth nomic indicators are showing “consistent de- RECESSION WORRIES stumbling, Europe facing populist backlash, cline” in all major regions, and the World What comes next is anybody’s guess, but it is longest economic recovery in history, US- Trade Organization’s global trade outlook is at worth noting that the sharp drop in prices that Canada commerce friction, bond and equity its weakest since 2010.
    [Show full text]
  • World Bank Document
    Zanzibar: A Pathway to Tourism for All Public Disclosure Authorized Integrated Strategic Action Plan July 2019 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 1 List of Abbreviations CoL Commission of Labour DMA Department of Museums and Antiquities (Zanzibar) DNA Department of National Archives (Zanzibar) GDP gross domestic product GoZ government of Zanzibar IFC International Finance Corporation ILO International Labour Organization M&E monitoring and evaluation MoANRLF Ministry of Agriculture, Natural Resources, Livestock and Fisheries (Zanzibar) MoCICT Ministry of Construction, Industries, Communication and Transport (Zanzibar) MoEVT Ministry of Education and Vocational Training (Zanzibar) MoFP Ministry of Finance and Planning (Zanzibar) MoH Ministry of Health (Zanzibar) MoICTS Ministry of Information, Culture, Tourism and Sports (Zanzibar) MoLWEE Ministry of Lands, Water, Energy and Environment (Zanzibar) MoTIM Ministry of Trade, Industry and Marketing (Zanzibar) MRALGSD Ministry of State, Regional Administration, Local Government and Special Departments (Zanzibar) NACTE National Council for Technical Education (Tanzania) NGO nongovernmental organization PPP private-public partnership STCDA Stone Town Conservation and Development Authority SWM solid waste management TISAP tourism integrated strategic action plan TVET technical and vocational education and training UNESCO United Nations Educational, Scientific and Cultural Organisation UWAMWIMA Zanzibar Vegetable Producers’ Association VTA Vocational
    [Show full text]