Finance

Absa and SAP have joined forces on a Pan African Finance Transformation | The Guardian Nigeria News

NAIROBI, Kenya, August 10, 2021 -/African Media Agency(AMA)/- Absa Group has joined forces with SAP for a core finance transformation. A multi country digitisation journey has started with the Absa Groups’ Kenyan subsidiary S/4 HANA implementation being the first country to go live with SAP S/4 HANA

The Kenyan implementation of S/4 HANA was launched on Amazon Web Service Hyperscaler, an African first for SAP and a Tier 1 bank in the African banking industry.

“Using best of breed technology and cloud, we are transforming our Finance business with highly integrated systems, automation and consolidation of our financial data and

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Finance overlooks climate because it’s ‘mesmerized by the magic of markets’: WWF International president

The European Central Bank this month announced it would factor climate change considerations into its policy decisions, and the Bank of Japan launched an effort to finance projects that address the warming planet.

Those moves mark the latest steps taken by some of the world’s largest financial institutions to aid the environmental fight. 

But the financial sector as a whole remains slow to recognize and address the costs of climate change, says Pavan Sukhdev, president of WWF International, one of the world’s leading environmental advocacy groups. 

The industry’s focus on financial capital results in neglect for value derived from the

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FIIs, MFs follow Rakesh Jhunjhunwala. Raises stake in this housing finance stock

Rakesh Jhunjhunwala portfolio is not just scanned by the retail investors; it seems that it is scanned by Foreign Institutional Investors (FIIs) and mutual funds (MFs) as well. A glaring example of it is Indiabulls Housing Finances stock. In April to June 2021 quarter, the ‘Warren Buffett of India’ bought 2.17 per cent stake in Indiabulls Housing Finance and in the same period, FIIs and MFs too raised their stake in the company. In fact, this housing finance stock is one of the 2 new entrants into the list of Rakesh Jhunjhunwala portfolio. Other new stock in which Rakesh Jhunjhunwala

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online personal finance instruction

GAYLORD — Many of the most important decisions we make in life revolve around money. Yet many are never exposed to instruction on the basics of budgeting, saving, debt management, and investing.

In the Gaylord Community Schools and the Johannesburg Lewiston Area Schools (JLAS), students and teachers have free access to Banzai, an online financial literacy program and content library of articles, calculators, and personalizable coaches. All of these resources are available to students at home or in the classroom via any device that can access the internet.

Community Financial Credit Union has provided the schools with access to Banzai.

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Robinhood push to democratise finance falters with own shares

Robinhood updates

Robinhood has had a pretty clear pitch as it has taken on Wall Street’s traditional brokerages with its trading app — democratise finance for all.

That slogan hearkens back to the origins of the company in 2013 in the wake of the Occupy Wall Street protest movement, which railed against wealth inequality and the power of big banks.

Robinhood’s co-founders said they saw a need to disrupt the established, elitist financial system and make equity markets more accessible to everyday investors.

That pitch

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How Nigeria can finance yearly budgets without borrowing, by EFCC | The Guardian Nigeria News

Abdulrasheed Bawa

Partners NEITI to check graft in extractive industries

Chariman of the Economic and Financial Crimes Commission, (EFCC), Abdulrasheed Bawa, has said Nigeria does not need to borrow to finance its yearly budgets provided leakages in critical sectors of the economy are properly plugged.

He spoke yesterday at the signing of a Memorandum of Understanding (MoU) between his agency and the Nigeria Extractive Industries Transparency Initiative (NEITI), led by its Executive Secretary, Dr. Orji Ogbonnaya Orji, in Abuja.

The nation’s total public debt stock stood at N33.1 trillion at the end of the first quarter in March, even as

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St. Louis Municipal Finance Corporation Completes Purchase of Seventh Street Garage for Convention Center expansion

(St. Louis – July 30, 2021) Comptroller Darlene Green announced today that the St. Louis Municipal Finance Corporation has completed its purchase of the parking garage at 701 N 7th Street. The $4.9 million purchase was made with bond proceeds from the city’s Oct. 2020 sale of $105 million convention center expansion bonds and did not require additional financing.

“We had a very favorable result with investors when the city went to market with convention center expansion bonds in 2020, allowing us to net additional proceeds and move forward with this purchase,” said Comptroller Green. “I commend the Convention and

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Women Spac founders are good for finance

Special purpose acquisition companies updates

Last month, a special purpose acquisition company (Spac) called Athena used $415m to absorb a midsized California-based entity called Heliogen, which produces solar plants controlled by artificial intelligence.

Nothing remarkable about that, you might think; or not in today’s overheated markets, where investment funds have recently flooded into AI, green energy, and Spacs. In the first seven months of 2021, an astonishing $180bn was raised for Spacs, which collect pools of money to buy companies like Heliogen

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Pedro Francke: relief in Peru as moderate is made finance minister | Peru

After 24 hours of uncertainty and the worst Friday in years on the stock exchange, Peru’s new president, Pedro Castillo, has completed his cabinet, swearing in the moderate leftist economist Pedro Francke as finance minister, and in the process calming jittery investors and anxious Peruvians alike.

Aníbal Torres was also sworn in, as justice minister, on Friday, filling the remaining empty cabinet posts. The rest were sworn in late on Thursday, amid deep unease over Castillo’s choice of prime minister, Guido Bellido, who is under investigation for allegedly defending the Shining Path, a Maoist rebel group that killed tens of

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Panic As Heavily-armed Robbers Attack Finance Ministry In Nasarawa, Steal N100million Workers’ Salaries

Some gunmen on Thursday, attacked the Nasarawa State Ministry of Finance, Budget and Planning in Lafia and stole N100 million. 

 

An eyewitness told Daily Trust that the robbers trailed officials of the ministry from a commercial bank in Lafia, where they had withdrawn the money to their office (ministry) before the attack. 



The money was meant for casual workers of the ministry.

Though the ministry’s office is adjacent to the State’s Accountant General’s Office, where personnel of the Nigeria Police Force and the Nigeria Security and Civil Defence Corps were stationed, they could not stop the robbers.

 

“But it was

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