Newsletter Issue 1 June 2019
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Namibian National Payment System
UNDERSTANDING THE Namibian National Payment System Newsletter - January 2019 Content 1. Foreword from the Director of the Payment and Settlement Systems Department 1 2. Bank of Namibia: Overseer of the National Payment System and Provider of Settlement Services 2 3. The Evolution of Payments in Namibia 4 4. The National Payment System Regulatory Framework 6 5. Payment Instruments: The Security of the Card Payment Instrument 9 Foreword Since its establishment in 2002, Namibia’s National Furthermore, since Payment System (NPS) has evolved significantly. The one of the values Namibia Inter-bank Settlement System (NISS) – a stated in the NPS’s Real-Time Gross Settlement System (RTGS) – was Vision 2020 is introduced; the Payment System Management Act, transparency, the 2003 (No. 18 of 2003) (PSM Act) was promulgated, Bank of Namibia and several payment system reforms were continuously endeavours to educate the public about implemented, as outlined later herein under the some of the Bank of Namibia’s functions and objectives. heading “The evolution of payments in Namibia”. This publication aims to serve this end. Today, the NPS remains on this trajectory of steady I trust that the information provided herein will go a long modernisation. Various payment system regulations way towards fostering an understanding of the NPS. have been introduced and the PSM Act has been I also encourage the public to engage the Bank of amended. In addition, the Bank of Namibia continues Namibia in matters that relate to the NPS. to address the gaps in its NPS regulatory framework in order to maximise the effectiveness of its function Barbara Dreyer and to ensure the NPS operates safely, securely, Director: Payment and Settlement Systems efficiently and cost-effectively. -
United Nations Common Country Analysis of the Kingdom of Eswatini April 2020
UNITED NATIONS COMMON COUNTRY ANALYSIS OF THE KINGDOM OF ESWATINI APRIL 2020 1 CONTENTS ACKNOWLEDGEMENTS ...................................................................................................................... 5 EXECUTIVE SUMMARY ..................................................................................................................... 8 INTRODUCTION ............................................................................................................................. 10 CHAPTER 1: COUNTRY CONTEXT ................................................................................................... 12 1.1. GOVERNANCE ...................................................................................................................... 12 1.2 ECONOMIC SITUATION ........................................................................................................ 14 1.3 SOCIAL DIMENSION ............................................................................................................. 17 1.4 HEALTH SECTOR ................................................................................................................... 17 1.5 WATER, SANITATION AND HYGIENE .................................................................................... 19 1.6 EDUCATION SECTOR ............................................................................................................ 20 1.7 JUSTICE SYSTEM—RULE OF LAW ........................................................................................ 22 1.8 VIOLENCE -
V15-ESWATINI-PROFILEKF-2.Pdf
Africa Housing Finance Yearbook 2019 eSwatini Author: Kgomotso Tolamo KEY FIGURES Main urban centres Mbabane, Manzini Exchange rate: 1 US$ = [a] 1 July 2019 14.12 Lilangeni (SZL) 1 PPP$ = [b] 5.11 Lilangeni (SZL) Inflation 2018 [c] | Inflation 2019 [c] 4.8 | 5.6 Population [b] 1 136 191 Population growth rate [b] | Urbanisation rate [b] 1.0% | 1.8% Percentage of the total population below National Poverty Line (2017) [d] 27.8% Unemployment rate (% of total labour force, national estimate) (2017) [d] 26.4% Proportion of the adult population that borrowed formally n/a GDP (Current US$) (2018) [b] US$4 704 million GDP growth rate annual [b] 0.06% GDP per capita (Current US$) (2018) [b] US$4 140 Gini co-efficient (2009) [b] 51.5 HDI global ranking (2017) [d] | HD country index score (2017) [d] 144 | 0.588 Lending interest rate (2017) [b] 10.3% Yield on 2-year government bonds n/a Number of mortgages outstanding n/a Value of residential mortgages outstanding (US$) [f] US$247.8 million Number of mortgage providers [f] | Prevailing mortgage rate [f] 5 | 10% Average mortgage term in years [g] | Downpayment [g] 20 | 10% Ratio of mortgages to GDP 5.6% What form is the deeds registry? [d] Computer - Scanner Total number of residential properties with a title deed n/a Number of houses completed n/a Number of formal private developers/contractors [i] 460 Number of formal estate agents n/a Cost of a standard 50kg bag of cement [j] 70 SZL (US$4.95) Overview Price of the cheapest, newly built house by a formal developer or The Kingdom of Eswatini is a landlocked country covering an area of approximately contractor in an urban area (local currency units) [k] 406 315 SZL Size of cheapest, newly built house by a formal developer or 17 360km, with a population of approximately 1.451 million. -
Determinants of Access to Banking Services in Malawi
Determinants of Access to Banking Services in Malawi By Chinyamata Chipeta and Esmie Kanyumbu Southern African Institute for Economic Research Zomba, Malawi AERC Research Paper 351 African Economic Research Consortium, Nairobi August 2018 This Research Study was supported by a grant from the African Economic Research Consortium. The findings, opinions and recommendations are those of the authors, however, and do not necessarily reflect the views of the Consortium, its individual members or the AERC Secretariat. Published by: African Economic Research Consortium P.O. Box 62882 – 00200 Nairobi, Kenya ISBN: 978-9966-61-044-7 © 2018, African Economic Research Consortium. DETERMINANTS OF ACCESS TO BANKING SERVICES IN MALAWI iii Contents List of tables iv List of figures iv Abstract v 1. Introduction 1 2. Literature review 6 3. Methodology and data 12 4. Results 19 5. Conclusion and policy implication 31 References 35 Appendix 37 iv RESEARCH PAPER 351 List of tables Table 1: Commercial bank Infrastructure in Malawi 2010, 2012 and 2014 ................ 1 Table 2: Percentage banked adults 2008–2013, reasons for opening account in 2013, and banking activities 12 months prior to 2014 FinScope Consumer Survey Malawi ......................................................................................................... 2 Table 3: Supply factors affecting access to banking services ...................................... 9 Table 4: Demand factors affecting access to banking services .................................. 10 Table 5: Economic results: Probability of having a bank account from pooled data 21 List of figures Figure 1: Location and access to banking services .................................................... 19 Figure 2: Income and access to banking services ..................................................... 20 Figure 3a: Income source and access to banking services ........................................ 21 Figure 3b: Income source and access to banking services ....................................... -
Kingdom of Eswatini: 2019 Article IV Consultation-Press
IMF Country Report No. 20/41 KINGDOM OF ESWATINI 2019 ARTICLE IV CONSULTATION—PRESS RELEASE; February 2020 STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR THE KINGDOM OF ESWATINI Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2019 Article IV consultation with the Kingdom of Eswatini, the following documents have been released and are included in this package: • A Press Release summarizing the views of the Executive Board as expressed during its January 31, 2020 consideration of the staff report that concluded the Article IV consultation with the Kingdom of Eswatini. • The Staff Report prepared by a staff team of the IMF for the Executive Board’s consideration on January 31, 2020, following discussions that ended on November 4, 2019, with the officials of Kingdom of Eswatini on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on January 15, 2020. • An Informational Annex prepared by the IMF staff. • A Statement by the Executive Director for the Kingdom of Eswatini. The IMF’s transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities’ policy intentions in published staff reports and other documents. Copies of this report are available to the public from International Monetary Fund • Publication Services PO Box 92780 • Washington, D.C. 20090 Telephone: (202) 623-7430 • Fax: (202) 623-7201 E-mail: [email protected] Web: http://www.imf.org Price: $18.00 per printed copy International Monetary Fund Washington, D.C. -
ANNUAL FINANCIAL STATEMENTS 2020 Standardbank.Com.Na STANDARD BANK NAMIBIA LIMITED Annual Financial Statements 2020 1
Standard Bank Namibia Limited ANNUAL FINANCIAL STATEMENTS 2020 Standard Bank Namibia Limited ANNUAL FINANCIAL STATEMENTS 2020 standardbank.com.na STANDARD BANK NAMIBIA LIMITED Annual financial statements 2020 1 About Standard Bank Namibia Standard Bank opened its first commercial branch in August 1915 in Lüderitz, making it one of Namibia’s oldest companies today. Over the years, our customers and clients have come to rely on us to understand their needs, employ people with strong knowledge of local business conditions and connect borrowers with lenders. This vision created the foundation for the kind of bank it would become and the qualities which customers and clients expect. We are proud to be part of Standard Bank Group, a large financial services organisation rooted in Africa and with operations in 20 countries. From humble beginnings of three branches, today, Standard Bank operates a distribution network of 63 branches and 372 ATMs across Namibia. Our workforce has grown to over 1 500 employees and our roots have extended deep into the fabric of Namibian society. Standard Bank is committed to making banking available to all Namibians. To this end, we have evolved and adapted together with our customers and clients, developing a rich heritage while nurturing and protecting our reputation. We uphold high standards of corporate governance, are committed to advancing the principles and practices of sustainable development and are inspired to advance national development objectives. We are commercially and morally bound to serve Namibia and her people in return for the long-term profitable growth we aim to deliver as a leading financial services group in the country. -
Standard Bank Group
Standard Bank Group Annual integrated report 2013 About Standard Bank Contents Standard Bank Group (the group or SBG), also trading as About this report 2 Stanbic Bank, is a leading African financial services group with a unique footprint across 20 African countries. Headquartered Our business in Johannesburg, we listed on the Johannesburg Stock How we make money 4 Exchange (JSE) in 1970 and started building our southern How we create value 6 African franchise in the early 1990s. Today, the group is the largest African banking group by assets and earnings. Our strategy A sustainable strategy 8 Our strategic position, which enables us to connect Africa to In, for and across Africa 10 other selected emerging markets as well as pools of capital in Material issues impacting our sustainability 12 developed markets, and our balanced portfolio of businesses Executing our strategy 14 provide significant opportunities for growth. The largest bank in the world by total assets, the Industrial and Commercial Realising the Africa opportunity 16 Bank of China (ICBC), is a 20.1% shareholder in the group, Key performance indicators 18 enabling a powerful relationship that connects us to this Our performance economic power. Chairman’s report to stakeholders 20 Group chief executives’ report 22 Executive committee 26 Salient features* Business unit reviews Personal & Business Banking 29 Headline earnings Corporate & Investment Banking 37 Liberty 43 Stakeholder engagement 48 R17 194 million Socioeconomic impact 50 2012: R14 918 million Employee report 52 -
Swaziland Competition Commission Retail Banking
SWAZILAND COMPETITION COMMISSION RETAIL BANKING MARKET INQUIRY DATE – January 2019 Status of Report: Non-Confidential Draft Report Non-Confidential Table of Contents Acronyms ............................................................................................................................................... 4 EXECUTIVE SUMMARY .................................................................................................................... 5 Importance of the Banking Sector ...................................................................................................... 11 Rationale of the market inquiry ........................................................................................................... 11 Methodology .......................................................................................................................................... 12 Format of the report .............................................................................................................................. 13 PART II: REGULATION OF THE BANKING INDUSTRY IN THE KINGDOM OF ESWATINI ........................................................................................................................................................ 14 Financial Institutions Act of 2005 and the Building Societies Act of 1962 ................................... 14 Requirements by the Central Bank for Entrants .......................................................................... 14 The National Clearing and Settlement Systems Act, 2011 -
The Role of Remittances in Deepening Financial Inclusion: South Africa and Eswatini Remittances Corridor Diagnostic
FULL REPORT The Role of Remittances in Deepening Financial Inclusion: South Africa And Eswatini Remittances Corridor Diagnostic June 2021 About FinMark Trust FinMark Trust is an independent non-proft trust whose purpose is ‘Making fnancial markets work for the poor, by promoting fnancial inclusion and regional fnancial integration’. We pursue our core objective of making fnancial markets work for the poor through two principle programmes. The frst is through the creation and analysis of fnancial services consumer data to provide in depth insights on both served and unserved consumers across the developing world. The second is through systematic fnancial sector inclusion and deepening programs to overcome regulatory, supplier and other market level barriers hampering the efective provision of services. Together, these programmes unlock fnancial inclusion and sector development through a symbiotic relationship between rigorous data collection and research activities. Our work can be found in South Africa, throughout the SADC region and the global arena. For more information: Visit our website at www.fnmark.org.za Email [email protected] Call us on +27 11 315 9197 CONTENTS Acronyms .....................................................................................................................2 Executive Summary ......................................................................................................3 Introduction .............................................................................................................. -
The World Bank for OFFICIAL USE ONLY Report No: PAD2264
Document of The World Bank FOR OFFICIAL USE ONLY Report No: PAD2264 INTERNATIONAL DEVELOPMENT ASSOCIATION PROJECT APPRAISAL DOCUMENT ON A PROPOSED CREDIT IN THE AMOUNT OF SDR 70.1 MILLION (US$95 MILLION EQUIVALENT) TO THE REPUBLIC OF MALAWI FOR A MALAWI AGRICULTURAL COMMERCIALIZATION PROJECT May 2, 2017 Agriculture Global Practice Africa Region This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENCY EQUIVALENTS (Exchange Rate Effective March 31, 2017) Currency Unit = Malawi Kwacha (MWK) MWK 725 = US$1 US$1.357 = SDR 1 FISCAL YEAR July 1 ‐ June 30 Regional Vice President: Makhtar Diop Country Director: Bella Bird Senior Global Practice Director: Juergen Voegele Country Manager: Laura Kullenberg Practice Manager: Mark E. Cackler Task Team Leader: Valens Mwumvaneza, Asa Margareta G. Hoglund Giertz, Efrem Zephnath Co‐Task Team Leaders Chilima ABBREVIATIONS AND ACRONYMS ACB Anti‐Corruption Bureau ACE Agricultural Commodity Exchange AGCOM Agricultural Commercialization Project AHCX Auction Holdings Commodity Exchange ASWAp SP Agriculture Sector Wide Approach Support Project CAS Country Assistance Strategy CSA Climate Smart Agriculture DA Designated Account DPO Development Policy Operation EFA Economic and Financial Analysis EIRR Economic Internal Rate of Return ENPV Economic Net Present Value EoI Expression of Interest ERR Economic Rate of Return ESIA Environmental and Social Impact Assessment -
[FSRA] QUARTERLY STATISTICAL BULLETIN 1St APRIL 2018
FINANCIAL SERVICES REGULATORY AUTHORITY [FSRA] QUARTERLY STATISTICAL BULLETIN 1st APRIL 2018 – 30TH JUNE 2018 SECOND QUARTER (Q2-2018) CAPITAL MARKETS DEVELOPMENT DIVISION 1 | P a g e Contents Contents .................................................................................................................................................. 2 Table of Figures ....................................................................................................................................... 3 1. INTRODUCTION .............................................................................................................................. 4 1.1 Highlights: Overview of the Capital Market Industry .................................................................. 4 2. Overview ............................................................................................................................................. 5 2.1 Collective Investment Scheme Managers ..................................................................................... 5 2.2 Collective Investment Scheme (CIS) Asset Allocation ................................................................ 7 2.3 Investment Advisory ................................................................................................................... 10 3. Domestic Securities Exchange Report............................................................................................... 11 3.1 LISTED EQUITY COMPANIES ....................................................................................................... -
RCS Luxembourg: B199543)
MyBucks S.A. 9, rue du Laboratoire, L-1911, Luxembourg (RCS Luxembourg: B199543) Annual accounts for the year ended 30 June 2018 MyBucks S.A. (Registration B199543) Annual accounts for the year ended 30 June 2018 Index The report and statements set out below comprise the annual accounts presented to the shareholders. Page Report of the Réviseur d’entreprises agréé 3 - 5 Balance sheet as at 30 June 2018 6 - 10 Profit or Loss accounts for the year 30 June 2018 11 - 12 Notes to the Annual Accounts 13 - 24 JBEJCQP20180719T18261001_001 Page 1/5 Annual Accounts Helpdesk : RCSL Nr. : B199543 Matricule : 2016 2200 276 eCDF entry date : Tel. : (+352) 247 88 494 Email : [email protected] BALANCE SHEET Financial year from 01 01/07/2017 to 02 30/06/2018 (in 03 EUR ) MyBucks S.A. 9, rue du Laboratoire L-1911 Luxembourg ASSETS Reference(s) Current year Previous year A. Subscribed capital unpaid 1101 101 102 I. Subscribed capital not called 1103 103 104 II. Subscribed capital called but unpaid 1105 105 106 B. Formation expenses 1107 3 107 2.436.357,00 108 3.253.701,00 C. Fixed assets 1109 109 28.953.712,00 110 24.845.108,00 I. Intangible assets 1111 111 112 1.601.866,00 1. Costs of development 1113 113 114 2. Concessions, patents, licences, trade marks and similar rights and assets, if they were 1115 115 116 1.601.866,00 a) acquired for valuable consideration and need not be shown under C.I.3 1117 4 117 118 1.601.866,00 b) created by the undertaking itself 1119 119 120 3.