An archive of the 50 previous news items

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The latest news from the African Leadership Institute and its Fellows.

AFLI Fellows are leaders and change-makers, so this section has a lot of news. Please use the icons below if you want to sort posts by category, such as: regular news posts, video posts, audio posts, by tag, or by blogger. Additionally, all text in all of the posts is fully searchable.

Fellow wins prestigious 2019 African Banker award

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2008 Fellow, Mitchell Elegbe, the Group Managing Director of Interswitch Limited, has been awarded the African Banker Icon award, at the 2019 African Banker Awards held at a prestigious Gala Dinner in Malabo, Equatorial Guinea.

The Awards, held annually as a co-event of the annual meetings of the African Development Bank, have established themselves as the Oscars of African banking. They celebrate excellence in banking and finance on the African continent. Elegbe’s company, Interswitch, is predicted to be Africa’s first Africa-led unicorn – a tech start up whose value exceeds $1bn.

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Banking on Refugees

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Refugees have long been excluded from financial services, leaving them struggling to integrate into host economies. But new technologies have made the lack of an identity card, loan collateral, or a fixed address irrelevant, and the world's displaced people may be only the first to benefit.
 
Every minute, on average, 31 people are displaced – forced to leave their jobs, homes, and even their families. These refugees often arrive, after arduous journeys, in new countries with no money or identification, and few possessions. Yet, far from securing a safer, more prosperous future, they often find themselves marginalized, excluded, and even demonized, denied opportunities to integrate into their host societies or contribute to the local economy. One straightforward way to empower refugees is to give them access to financial services.
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Fellow appointed to senior banking position in South Africa

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2013 Tutu Fellow Peggy-Sue Khumalo has been appointed as the new chief executive for Standard Bank's Wealth South Africa Division.  She leaves Investec, where she's been for much of her career, to join Standard Bank in February.  She will be responsible for the South African operations of Standard Bank's wealth business, which includes short and long-term insurance, asset management, pension fund operations, and fiduciary services.  The division serves high net-worth individuals, corporate clients, and commercial and retail clients. It has a footprint in a number of other Sub-Saharan Africa countries as well as international offices in London, Jersey, the Isle of Man and Mauritius and the sum Peggy-Sue will be responsible for will total around R175 billion in earnings.

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AFLI Board Member responsible for Bank's Africa interests

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2007 Tutu Fellow and AFLI board member, Terence Sibiya, has been appointed Nedbank’s Managing Executive for the Rest of Africa & Subsidiaries. He is responsible for leading and managing the Bank’s Rest of Africa and subsidiary businesses to ensure that they grow and achieve the key strategic objectives of the company.  These include building scale, increasing their share of contribution to the Group’s earnings, and generating returns in excess of the cost of equity.  Prior to this, Terence was the Managing Executive for Client Coverage Nedbank Corporate & Investment Banking and was with Standard Bank, before that.

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Fellow heads consumer banking division

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In March 2018, Mutsa Chironga, a 2016 Tutu Fellow, was appointed Divisional Executive, Consumer Banking at Nedbank, one of South Africa's "Big Four" banks.  Of Zimbabwean origin, Mutsa has a deep passion for Africa. He was previously a Partner at McKinsey and Company, Johannesburg, where he led the McKinsey African financial services practice, focusing on strategy,
sales transformation, and digital and analytics.

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