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ZRA-Revnews.Pdf
ReveNewsIssue No.1 2020 KAZUNGULA BRIDGE PROJECT AND THE ONE STOP BORDER POST Enhancing trade facilitation and revenue collection. Taxonline Eases ZRA Acts Against Women Leadership Up-Close With Compliance COVID-19 Forum Fanwell Nyirongo Inside Roll-out of the new Implementation of Getting more women in Working with TaxOnline system health measures leadership roles dedication News & views of what’s happening at the Zambia Revenue Authority Stay Home Stay Safe Use ZRA Online Services ReveNews Foreword EXECUTIVE FOREWORD Mr. Kingsley Chanda ZRA Commissioner General ur transformation agenda is un- success. Tax education programs doubted and unstoppable. The are in place to help taxpayers with ultimate objective is to realise an knowledge on their rights and obli- Oefficient and effective Zambia Revenue Au- gations. While the idea is to reward thority that will support the Vision 2030 compliant taxpayers and punishing through mobilisation of resources for gov- non-compliant taxpayers to the ernment and implementation of growth- maximum, we remain resolute to oriented initiatives for the private sector. having knowledgeable and satisfied taxpayers. This will create This journey that we embarked on in 2016 an environment where there is trust has resulted in a lot of structural reforms and mutual collaborations with our that have yielded both tangible and intangi- stakeholders. ble benefits for all our stakeholders. We have consistently delivered our revenues above In the first quarter of 2020, the target despite unfavourable macroeconomic world was hit with the Coronavirus indicators in some years. pandemic. People across the world have been infected and deaths We have successfully aligned our operational recorded. -
Leading the Way in Asia, Africa and the Middle East
Annual Report 2010 Zambia Leading the way in Asia, Africa and the Middle East Here for good Standard Chartered Zambia Plc has again delivered an outstanding performance. This exceptional performance clearly demonstrates our powerful brand promise, Here for good. It also articulates what makes us different. Financial highlights Operating income Profit before taxation ZMK451,138m ZMK229,744m 2009: ZMK391,896m / 2008: ZMK319,187m 2009: ZMK115,024m / 2008: ZMK54,645m Total assets Normalised earnings per share ZMK4,558,742m ZMK32.52 2009: ZMK2,976,606m / 2008: ZMK2,449,263m 2009: ZMK16.35 / 2008: ZMK6.24 Normalised return on equity 41% ZMK20.0Dividend per share 0 2009: 30% / 2008: 16% Non-financial highlights Employees Outlets 650 25 2009: 576 2009: 25 2 Standard Chartered Bank Zambia Plc Annual Report 2010 www.standardchartered.com Business review Corporate governance Financial statements and notes Overview 10 Board of directors 16 Directors’ responsibilities in respect of the IFC Financial highlights 13 Directors’ report preparations of financial statements 1 About Standard Chartered 14 Statement on corporate governance 17 Independent auditor’s report 2 Chairman’s statement 19 Statement of comprehensive income 4 Chief executive’s review 20 Statement of financial position 21 Statement of changes in equity 23 Statement of cash flows Operating and Financial review 24 Notes to the financial statements 6 Consumer banking 8 Wholesale banking Operational highlights • Operating income rose 15% to ZMK451 billion. • Deposits grew 35% to ZMK3,164 billion in 2010. • Launched Priority Banking, bills payments on mobile banking and Asset-backed Financing for Agriculture. • Launched rehabilitation of Simwaba Basic School in For further information Mazabuka and the high-flyer girls’ programme. -
R2R Spring Agenda
EVENT AGENDA NOTE: this agenda is not yet final; times are subject to change. DAY 1 DATE/TIME SESSION SPEAKER(S) KEYNOTE Keynote: President William J. Clinton 42nd President of the United States WED MAY 26 Leadership in a Time of Critical 10:00AM– Events: A Conversation with Bill Introduced by 10:50AM ET Clinton, 42nd President of the United States David Meredith Chief Executive Officer, Everbridge Tricia Glynn Managing Director, Advent International WED MAY 26 Board of Directors, Lululemon Oversight & Resiliency: Assessing 10:55AM– Risk at the Board Level 11:25AM ET Sarah Matthew Founder & CEO, The Vibrant Company Chair, Hanover Health WED MAY 26 Inclusion & Diversity in IT Services Saskia Van Uffelen 11:30AM– and Public Warning Digital Champion Belgium, Belgian Federal Government 12:00PM ET Greg Kwiat CEO, Kwiat & Fred Leighton Managing COVID-19 from the CEO WED MAY 26 Perspective Uma Subramanian 12:05PM– CEO, AERO Technologies, Inc. 12:35PM ET Early and Public Warning as a Ede Ijjasz Government Resilience Instrument CEO, Eigen Impact Consulting KEYNOTE Steve Forbes Keynote: Chairman & Editor-in-Chief, Forbes Media WED MAY 26 Leadership in a Time of Critical 12:40PM– Introduced by Events: A Conversation with Steve 1:20PM ET Forbes, Chairman & Editor-in-Chief of Jaime Ellertson Forbes Media Chairman, Everbridge WWW.EVERBRIDGE.COM John Beattie Stadium & Facilities Director, Arsenal FC How Sports and Entertainment Dimitri van Zantvliet Rozemeijer Organizations Can Lead in the Field of CISO a.i., NOC*NSF Large Venue Risk Management Chris Marinak Chief Operations & Strategy Officer, Major League Baseball WED MAY 26 1:25PM– 1:55PM ET Sigga Sigurdardottir Chief Customer Officer, Tesco Bank Building Operational Resilience in Financial Services Mizinga Melu Managing Director, Absa Bank Zambia The Next New Normal: Balancing Dr. -
Shared Growth: You Grow, We Grow
Shared growth: You grow, we grow. Barclays Bank of Botswana Limited 2016 Annual Report Contents Barclays Bank of Botswana Annual Report 2016 Our Goal Barclays Bank is a leading financial Chairman’s Statement 02 services provider that has been operating To be the Bank of Choice Managing Director’s in Botswana since 1950. Our listing in the Report 06 Botswana Stock Exchange demonstrates our Our Purpose Country Management Committee 12 commitment to this country and its people. To help people achieve their Financial Director’s ambitions in the right way Report 16 We offer Retail Banking services such as Corporate and Investment Banking 20 transactional banking solutions, savings and Our Values investments, foreign exchange and lending Retail and Respect | Integrity | Service Business Banking 22 amongst others. Similar services are also Excellence | Stewardship Treasury and Balance offered to our Business Banking clients in the Sheet Management 26 small to medium enterprises and commercial Citizenship Report 28 sectors. Respect Risk Review 34 We respect and value those we work with, and the contribution that they make Human Resources Review 35 Our Corporate and Investment Banking services clients in large corporations and Board of Directors 38 Integrity companies such as multinationals and public We act fairly, ethically and openly in all we do Corporate Governance 40 sector. The tailor made solutions we offer include asset financing, cash and liquidity Annual Service management and trade finance. We put our clients and customers at the Financial centre of what we do Statements Excellence Directors’ In addition to asset and liability management, We use our energy, skills and resources to Responsibilities deliver the best sustainable results and Approval 48 capital, funding and liquidity management for the Bank, our Treasury unit offers foreign Corporate Governance Stewardship Statement 49 exchange services to our clients. -
Entrepreneurship
REPORT UN Principles for Responsible Management Education Sharing Information on Progress (SIP) Report for the period 2019.20 Johannesburg, South Africa B Gordon Institute of Business Science Table of Contents Renewal of commitment 2 About GIBS 3 Our purpose by interim dean: Dr Morris Mthombeni 3 The GIBS community 4 Aims and structure of the 2019.20 GIBS SIP report 6 The revised reporting process 7 Key pillars of the GIBS strategy 11 UN Principles for Responsible Management Education 20 Why PRME is important to GIBS 20 UN PRME champions 20 Practical actions towards integration of the SDGs 21 SDG metrics 21 Narrative 1: Leadership development: individual 22 Narrative 2: Leadership & governance: corporate 23 Narrative 3: Entrepreneurship 24 Narrative 4: Social contribution 26 Narrative 5: Partnerships 27 Narrative 6: African Global 29 An assessment of outcomes 31 Review of key objectives and commitments for the period 2019.20 33 Key objectives and commitments for the period 2021.22 35 Appendix 37 Acknowledgements 40 Previous reports This report summarises GIBS activities under the PRME ambit in the two years since the school’s prior SIP released in September 2018. Previous reports can be downloaded here. Gordon Institute of Business Science 1 Renewal of commitment As a business school born in Africa, committed to servicing the entire continent, and an entrepreneurial spirit, GIBS has changed dramatically since its founding in 2000. The University of Pretoria’s business school has evolved from being a business school for business, under founding Dean Professor Nick Binedell, into a world-class African institution and research centre, under former Dean Professor Nicola Kleyn. -
Exconnf13 Finalconf.Indd
SHARING BEST PRACTICES WITH EXECUTIVE MBA COUNCIL MEMBERS FALL 2013 FALL Illuminating the Path Forward Business school leaders from throughout the world share their thoughts on challenges and opportunities PAGE 2 i Executive Connections INSIDE: ALUMNI INVOLVEMENT STRATEGIES / 9 • REVAMPED WEBSITE / 15 • ANNUAL REPORT / 17 All EMBA programs are unique. But all EMBA directors face similar challenges. And no one understands that better than Annodyne. For more than ten years, we’ve achieved success for an elite roster of business schools nationwide. So if you’re looking for solutions to ever-changing marketing and recruitment challenges, look no further. Our core areas of expertise include: + Awareness & Lead Generation + Student & Alumni Engagement + Recruitment Communications + Measurement + Enrollment Conversion + Strategy & Assessment FIND OUT WHAT WE CAN DO FOR YOU. Contact Kyle Waldowski at 215-540-9110 x212 or [email protected] FALL 2013 2012–13 BOARD OF TRUSTEES Barbara Millar, Chair University of Virginia Gonzalo Freixes, Past Chair Illuminating the UCLA Kristin Polito, Vice Chair Suffolk University Path Forward Lina Bell Business school leaders from throughout the world Rice University share their thoughts on challenges and opportunities Kelley Martin Blanco 2 Columbia University Armando Dal Colletto Business School São Paulo Louise Kapustka Boosters University of Washington Alumni involvement strategies help strengthen Nicole Tee EMBA Programs Nanyang Technological University Saskia Treurniet Erasmus University Karin Wiström 9 Stockholm School of Economics Peter Withers The University of Auckland Featured EX OFFICIO Mihir Choudhary (Corporate Liaison) Attraction PageWell Michael Desiderio Revamped web site offers increased visibility for Executive Director schools and the EMBA industry Executive MBA Council 15 Executive Connections The Executive MBA Council publishes Executive Connections twice a year for its members. -
Strategy Bootcamp with Professor Nick Binedell
EXECUTIVE EDUCATION > STRateGY Strategy Bootcamp with Professor Nick Binedell Create, execute and lead strategy across your organisation in uncertain economic and political times. OVERVIEW MoreThis two-day often than programme not, the will explore WHO SHOULD ATTEND? relationshipthe challenges between and opportunities a corporate > This programme has been designed for the senior executive and strategy,ahead for andorganisations the finance and function C-suite teams, in large corporates and in medium-sized businesses who want to enhance their ability to lead strategically; and ofstrategies a business for isdealing overlooked. effectively > The programme is therefore suitable for CEOs, C-suite Organisationswith them. therefore miss out executives, leadership teams, and functional heads. on the opportunity to generate Professor Nick Binedell will facilitate KEY FOCUS AREAS thisfinancial programme value by in leveragingwhich you willthe strategic and financial functions of > Tools and frameworks to understand uncertainty; have the opportunity to further > Using simulations to understand complexity, competition and developthe organisation your strategic against leadership each other. unpredictability in markets; This is a programme for those who > Learning about why the world “is the way it is”; skills to lead strategy design and > Leading the organisation in uncertain contexts; executionwant to learn across about your the organisation, several > Understanding what strategy is; whileaspects equipping of how strategy yourself andto better finance > Understanding what leadership is; can interact, and how financial value > Understanding what strategic leadership is; understand how economic and > Leadership and decision-making under pressure; politicalcan be generated uncertainty in shouldthe process. inform > Strategy design and execution; > The practicalities and realities of designing and executing your strategic planning. -
Caleb M Fundanga: Moderating the Impact of the Global Meltdown on the Zambian Financial System
Caleb M Fundanga: Moderating the impact of the global meltdown on the Zambian financial system Speech by Dr Caleb M Fundanga, Governor of the Bank of Zambia, at the official opening of Standard Chartered Bank Zambia Limited Ody’s Excel Centre, Lusaka, 22 April 2009. * * * The Chairman, Standard Chartered Bank Zambia Limited, Mr Michael Mundashi The Managing Director of Standard Chartered Bank Zambia Limited, Mrs Mizinga Melu Distinguished Guests Members of the Press And may I simply say Ladies and Gentlemen I am pleased to be here today at the official opening of the new Excel Centre of Standard Chartered Bank Zambia Limited. This event is taking place at a time when our economy is faced with challenges emanating from the impact of the global financial and economic crisis. Although the Zambian financial system is not fully integrated with the world’s financial markets, the impact of the crisis is already clear. Mr Chairman, the financial turmoil has resulted in a reduction in projected global economic growth and a decline in demand for commodities. As a commodity exporting country, Zambia has experienced a decline in her export receipts due to the decline in commodity prices reflecting a weak demand for these commodities. The declining export earnings and reversals in portfolio investments have been reflected in the depreciation of the local currency and consequent inflationary pressures towards the end of 2008. Ladies and Gentlemen, the financial turmoil facing the world today has affected all of us and we as regulators are trying to ensure stability in the financial markets. In this regard, the Bank of Zambia has put in place measures to moderate the impact of the global meltdown on the Zambian financial system. -
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THE Bottomline
THE BOTTOm LINE CIMA and IoD Alliance Ceremony CIMA and Institute of Directors of Zambia (IoD) signed a and the private sector through education, training and Memorandum of Understanding (MoU) on Wednesday 25 participation at relevant fora. June 2008 at Cresta Golf View Hotel in Speaking at the same Lusaka. The MoU is function, CIMA Zambia aimed at fostering President Victor collaboration between Nyasulu pointed out the two organisations, that ‘as a market in the enhancement leader in the science of good corporate of management governance in accounting, CIMA is Zambia’s public and delighted to bring private sector. to the table through the MoU a wealth of Speaking at the expertise on corporate occasion of the signing governance. For ceremony British High example, CIMA has Commissioner to recently developed Zambia his Excellency the CIMA strategic Alistair Harrison noted scorecard with the that over the last three fundamental objective years, Zambia had done very well at the macroeconomic of, among others, assisting the board, particularly the front. independent directors, in the oversight of a company’s strategic process. Mr Harrison further explained that the biggest challenge Zambia was facing is rationalising the limited resources CIMA South Africa has moved now available for expenditure on infrastructure, health and education. Mr Harrison alluded to the need for the fight against corruption to continue side by side with The CIMA South Africa office has moved to: promotion of good corporate governance. 1st Floor, South West Wing IoD Zambia President, Mumba Kapumpa said the MoU (new building next to Thrupps Centre) emanated from the Institute’s decision to take good 198 Oxford Road corporate governance beyond the corporate world. -
Driving Investment, Trade and the Creation of Wealth Across Asia
Standard Chartered Bank Zambia Plc Annual Report 2013 Driving investment, trade and the creation of wealth Here for good across Asia, Africa and the Middle East 2 Standard Chartered Bank Zambia Plc Annual Report 2013 Standard Chartered Bank Zambia Plc has again delivered a strong performance. The Bank is integral to the development of the country and our performance clearly demontrates our powerful brand promise, Here for good. Financial highlights Revenue Profit before taxation ZMW367m ZMW703m 2012: ZMW340m / 2011: ZMW226m 2012: ZMW614m / 2011: ZMW479m Total assets Earnings per share ZMW5,470m ZMW0.14 2012: ZMW5,164m / 2011: ZMW4,586m 2012: ZMW0.13/2011: ZMW0.08 Return on equity Dividend per share 32% ZMW0.14 2012: 37% / 2011: 36% 2012: ZMW0.00 / 2011: ZMW0.00 Non-financial highlights Employees Outlets 719 25 2012: 696 / 2011: 650 2012: 24 / 2011: 20 3 What’s inside this report Overview Operating and financial review financial and Operating Overview Financial highlights 2 Chairman’s statement 2 - 6 4 Chief Executive Officer’s statement Performance highlights and an introduction to our business structures and strategy Corporate governance Corporate Operating and financial review 7 Consumer Banking 7 - 8 8 Wholesale Banking A review of our businesses, their financial performance and outlook for 2014 Financial statements and notes statementsFinancial and Corporate governance 10 Board of Directors 13 Directors’ Report 10 - 18 14 Statement on Corporate Governance An explanation of our approach 16 Executive Management Committee to corporate -
From There to Here : Business Strategy Is About Vision Versus M Em
REGIONAL AFRICAN PRO JECT M ANAGEMENT CONFERENCE ‘99 FRO M TH ERE TO HERE : BUSINESS STRATEGY IS ABOUT VISION VERSUS MEMORY PRO F NICK BINEDELL WALMART 1960 1970 1980 1990 1995 1999(f) Sales $1.4m $31m $1.2b $26b $82.5b$137.6b Profits $112 000 $1.2m $41m $2.68b$4.43b Stores 9 32 276 1 528 2 943 3 599 MARKET EQ U ITY VALUES (MAY 1999) (Billion USD) Market Cap Real WorldNet WorldMarket Cap $149.8Pfizer = A m erica Online $149.8 $34.7Allied Signal = Yahoo $34.5 $24.3JP Morgan = EBay $24.0 $23.0Alcoa = Am azon.com $23.0 $17.7FedEx=Priceline.com $17.9 $16.9Lockheed Martin=@Home $16.8² $13.5AMR (A m erican =E*Trade $12.9 Airlines) Strategic States of Mind •Proactive • Reactive •Non-active? M ANAGING TRANSITION THE MILLENNIUM CHALLENGE •Competitiveness • Com petence •Context • Change •Commitm e n t THE MILLEN IUM CHALLENGE General M anagem ent Role and Skills > 2000 MILLEN IUM 1990 - 2000 TRANSITIONAL < 1990 TRADITIONAL VISION What can we do, th a t our RESOURCES & custom ers want us to do, MARKET CAPABILITIES th a t our com petito rs can’t ALIGNM ENT do? ORGANISATION The key to discovering a new value curve lies in asking four basic questions: Reduce What factors should be reduced well below the industry standard? Eliminate Create What factors should What factors should be eliminated that New Value be created that the the industry has Curve industry has never taken for granted? offered? What factors should be raised well beyond the industry standard? Raise KEY PRINCIPLES •It looks th e sam e - nothing is th e sam e •Anything is possible •Learn