25 June 2015
Nairobi

SWIFT Business Forum East Africa 2015

Agenda

Thursday, 25 June 2015

8:00 – 9:00 a.m.

Welcome coffee and registration open

9:00 – 9:10 a.m.

Welcome address

9:10 – 9:30 a.m.

Keynote speech

  • Kinandu Muragu, Executive Director, Kenya School of Monetary Studies, Central Bank of Kenya

9:30 – 10:30 a.m.

Financial Inclusion: Supporting inclusive development

Increasing financial inclusion is one of the biggest priorities of policy makers in Africa. The EAC is playing a key role. In Kenya, for example, the FSD Trust was established in 2005 to support ‘financial sector deepening’. In July 2014, National Bank of Rwanda hosted a global summit, Financial Inclusion for Inclusive Growth and Sustainable Development, in partnership with the Alliance for Financial Inclusion, the African Development Bank and the World Bank. What progress is being made in East Africa and how are key players harnessing technology to drive financial  inclusion rates up? What role can mobile money play in extending financial services to the region’s smallholder farmers? How important is mobile microfinance?

  • Stephen Mwaura, Head, National Payments System, Central Bank of Kenya
  • John Staley, CFO & Executive Director, Equity Bank
  • Natalie Baatjies, Senior Director, Financial Inclusion, Visa
  • Hugo Smit, Head, Sub Sahara Africa, SWIFT (moderator)

10:30 – 11:00 a.m.

Coffee break

11:00 – 12:00 a.m.

Securities panel: Implementing a regional platform

 

 

Securities markets can play a vital role in supporting economic development so it is crucial to improve access, deepen liquidity and make markets more efficient. Cross-listing securities – giving investors the opportunity to trade in stocks on different exchanges irrespective of where the company is domiciled – is an obvious step towards these aims. The challenge is how to settle these transactions and ensure that the securities ownership is correctly reflected in the respective Central Securities Depository. The panellists will share in more detail the challenges   they face, such as exchanges being in different stages of CSD implementation, and discuss what is being undertaken to achieve harmonisation and CSD integration in the East Africa Region, as well as what can be learned and reused from similar experiences around the world.

  • Gideon Chokah, Director,Investors & Intermediaries, Transaction Banking, Standard Chartered Bank Kenya
  • James Gikonyo, Head of ICT, Central Depository & Settlement Corporation, Kenya 
  • Geoffrey Maregwa, Head of Operations: Investor Services, CfC Stanbic Bank
  • Caleb Musau, Head of Operations and Technology, Nairobi Securities Exchange
  • Ian Bessarabia, Business Development Manager, Sub Sahara Africa, SWIFT (moderator)

12:00 – 1:30 p.m.

Lunch

1:30 – 2:00 p.m.

Keynote Address

  • Ehoumann Kassi, Managing Director, Ecobank East Africa

2:00– 3:00 p.m.

Trade Corridors: Unlocking Regional and International Growth

It is more than a decade since the re-establishment of the East African Community and it is clear that this has gone some way towards supporting regional integration and boosting intra-regional trade, seen as one of the best routes to economic growth. Political support remains strong. For example, in February, EAC launched a scorecard to monitor the implementation of the Common Market among its five member states. But what still needs to be done to fully realise the aims of this project? And how important is Asia, and particularly China, in the East African trade story? SWIFT’s white paper on African transaction banking revealed the gap between commercial flows and financial flows – with goods often going one   way and payments another. This was particularly stark between Africa and Asia, the continent’s biggest trade corridor. What needs to be done to align financial flows with commercial flows and what can be done to assist the development of intra-African trade corridors?

  • Andrew Kigira, Head of Trade Finance, Corporate Banking, Barclays Africa
  • Moses Kiptui, Assistant Director & Head, Macroeconomic Analysis, Kenya School of Monetary Studies Research Centre, Central Bank of Kenya
  • Paul Mungai, Transactional Products & Services, Head Trade Finance, Stanbic
  • Alice Zulu, Senior Group Manager, Trade Finance, Ecobank Kenya
  • Christian Sarafidis, Deputy Chief Executive, EMEA, SWIFT, (moderator)

3:15– 3:45 p.m.

Coffee break

3:45 - 4:30 p.m.

Closing plenary

  • Vasu Prakasam, Managing Director, Kenya Commerce Exchange
  • Nirmal Sembi, Head, Technology, Ecobank Kenya
  • Stephen Mwaura, Head, National Payments System, Central Bank of Kenya
  • Hugo Smit, Head, Sub Sahara Africa, SWIFT
  • Denis Kruger, Regional Account Manager, Sub Sahara Africa, SWIFT (moderator)

4:30 - 6:00 p.m.

Networking Cocktails