Category: AFRICA

Sub-Saharan Africa – Global Treasury Intelligence Reports

Treasury & FX in Nigeria

The immediate trigger for this call was a recent move by the Nigerian central bank, which devalued the naira and made a move to unify the FX market by eliminating the dual rate system, which provided different official rates according to the use of… Continue Reading “Treasury & FX in Nigeria”

Treasury & FX in Angola

Angola presents very tough challenges for corporate treasurers, especially when oil prices are low. In this call participants shared experiences in accessing hard currency, repatriation of cash, banking relationships and local investments. The call was expert chaired by Arnaud Francq Key Take Outs are… Continue Reading “Treasury & FX in Angola”

Regional Banking in sub-Saharan Africa

Cash Repatriation from Nigeria

Treasurers describe their company’s
current approach and recent experiences in repatriating cash to HQ from NIGERIA and answered each others’ questions.

Treasury & FX in South Africa

Call date: 5th November 2019 In this call, members shared their approaches and current challenges in treasury & fx in South Africa, including: Cash repatriation Hedging ZAR Intercompany netting Moody’s downgrade Cross border pooling Local banking Reserve Bank appeals The call was chaired by… Continue Reading “Treasury & FX in South Africa”

Treasury & FX in the CFA Franc zone

Key discussion details XOF – UEMOA (Union Economique et Monétaire Ouest Africaine) the Economic Monetary Union of West Africa (WAMU) Comprises Benin, Burkina Faso, Ivory Coast, Niger, Senegal, and Togo. XAF – CEMAC (Central Africa Economic & Monetary Community) Comprises Cameroon, Central African Republic,… Continue Reading “Treasury & FX in the CFA Franc zone”

Treasury & FX in Angola

Key areas of discussion Cash repatriation Mitigating FX exposure Accessing hard currency Approvals for service contracts Local banks v International banks Local investments

Treasury & FX in Nigeria

Chairman’s take aways Bureaucracy – continues to be a problem & cash repatriation is particularly complex. Hedging is expensive Although the FX market has improved recently- it is still hard to get the allocation you need. Many companies are using a number of local… Continue Reading “Treasury & FX in Nigeria”

Treasury & FX in South Africa

Treasury & FX in South Africa Call date: 27th March  2019 In this called members discussed their approaches and issues related to cash & treasury management in South Africa, including: Intercompany netting Domestic sweeping Online multibank FX dealing The key take aways from this… Continue Reading “Treasury & FX in South Africa”