Mamlathan&Associates

ACCA COUNCIL SEAT 2020

admin — Thu, 08 Oct 2020 13:05:18 +0000

https://secure.cesvotes.com/V3-0-0/acca20/en/login?bbp=30202&x=-1

A noble and dedicated candidate who also served as a member of the Association of Chartered Certified Accountants (ACCA) panel in Botswana. He has served with enthusiasms and integrity over the past 10 years in an audit and accounting environment. His accounting experience includes public and private sector and diverse industries, including non-profit NGOS. Driven by passion after achieving all the required experience, He formed Mamlathan & Associates and became the managing partner of this Audit Tax & Advisory firm as well as Whiteprint (PTY)LTD on the accounting side.

Over the years, he has shared his knowledge in different platforms encouraging, guiding and mentoring students, affiliates and members in their Association of Chartered Certified Accountants (ACCA) journey and also served as an ACCA advocate. His journey began in 2013 when he got his Association of Chartered Certified Accountant (ACCA) qualification and started one of the fast-growing firm in2014, located in Botswana. It is focusing on consultation, audit as well as tax and advisory.

As Association of Chartered Certified Accountant (ACCA) member he embraced several business opportunities as a Practicing partner and would like to contribute in the Global Strategy and Governance of ACCA. He is standing proudly as ACCA Fellow Member and would like to make all members proud of their ACCA membership as a Global Dynamic Accounting Body. Mr. Mompati Kgaimena is aware and mindful of the challenges faced by members and students of ACCA, particularly in new and developing markets, especially now that the African industries are growing. The contribution he is willing to bring as council member will add value in accounting and business, in line with Sustainable Development Goals (SDG’s). His wish is to serve on the Council and be involved at the strategic level, examining issues of wider reaching and longer-term importance and help in establishing ACCA’s position on global issues.

Air Namibia back from the brink

admin — Tue, 16 Jun 2020 07:16:43 +0000

Air Namibia, which requested and was refused a US$119m government bailout last October, has been rescued by an allocation from the Namibian department of public enterprises. But the carrier could still be heading for possible restructuring,
The airline is set to resume international scheduled flights, including to South Africa, in July.

Read more: http://www.tourismupdate.co.za/article/199629/Air-Namibia-back-from-the-brink

Kenya overtakes Angola as third-largest economy in Sub-Sahara Africa

admin — Tue, 16 Jun 2020 06:54:21 +0000

Kenya has overtaken Angola as the third largest economy in Sub-Sahara Africa, International Monetary Fund’s (IMF) fresh estimates released 05 June 2020.
The East Africa’s largest economy, that has been the fourth largest economy in the Sub-Sahara Africa, has surpassed Angola to become third-largest economy in dollar terms.
Read more:https://www-businessdailyafrica-com.cdn.ampproject.org/c/s/www.businessdailyafrica.com/economy/Kenya-overtakes-Angola-as-third-largest-economy/3946234-5571578-view-asAMP-ui20q0/index.html

Economic Update: Africa

admin — Tue, 03 Dec 2019 07:13:11 +0000

The ICAEW Economic Update: Africa, is a quarterly economic forecast for the region prepared directly for the finance profession.

Privatisation in Africa: Q4 summary

Privatisation has progressed more slowly in sub-Saharan Africa than in other regions
Many state-owned enterprises are seen as vehicles to pursue economic policy objectives
Privatisation will accelerate as the fiscal opportunity costs become more apparent

SACU – Review of the Revenue Sharing Arrangement

admin — Tue, 03 Dec 2019 07:09:32 +0000

The SACU Revenue Sharing Formula was implemented for the first time in December 2004 to calculate 2005/06 revenue shares for Member States. In practice, Member States’ annual revenue shares are determined and approved by Council in December for distribution during the subsequent year.

The current Revenue Sharing Formula has three components; namely the Customs Component, Excise Component and the Development Component. The Customs share is allocated on the basis of each country’s share of intra-SACU imports. The Excise Component is allocated on the basis of each country’s share of Gross Domestic Product (GDP). The Development Component, which is fixed at 15 percent of total excise revenue, and is distributed according to the inverse of each country’s GDP per capita.

Trump signing pro-Hong Kong rights bill into law will worsen US-China relationship, former US ambassador to China says

admin — Tue, 03 Dec 2019 07:06:29 +0000

Both chambers of Congress pass a pro-Hong Kong rights bill by near unanimous margins amid crackdowns on protests.
If President Donald Trump signs the bill into law, the move will worsen U.S.-China relations and cause “more uncertainty regarding potential trade agreement,” said Max Baucus, who was appointed ambassador to China by President Barack Obama.

China’s $2 billion Ghana deal: Fears over debt, influence, environment

admin — Fri, 29 Nov 2019 07:54:36 +0000

As part of a memorandum signed between the two nations last year, Beijing will finance $2 billion worth of rail, road and bridge networks, and in exchange, China will be granted access 5% of Ghana’s bauxite reserves.
The deal has drawn criticism from environmental activists, political opposition, and international government investment partners, with a new report from risk consultancy EXX Africa highlighting a lack of transparency and increasing threat to debt sustainability.
Last week, in his first budget following the latest IMF visit, Ghana’s Finance Minister Ken Ofori-Atta pledged to boost spending by 21%, promising higher public sector wages and more infrastructure projects. He also announced plans to raise $3 billion in international debt markets.

McKinsey: Leadership lessons from 5 of Africa’s leaders: Aliko Dangote, James Mwangi, Fred Swaniker, Graca Machel & Nadia Fettah

admin — Tue, 05 Feb 2019 11:37:32 +0000

Africa offers growth-minded companies exciting opportunities. Its population is young, fast growing, and increasingly urbanized. The rapid adoption of technology, meanwhile, makes the continent a fertile arena for innovation.

As in any market, there will be losers and winners—some of which are already emerging. This article presents reflections from five of Africa’s leaders. Taken together, their insights illustrate what is needed to thrive on the continent. Nadia Fettah, CEO of Saham Finances, describes the strategic revitalization of the Moroccan insurance company she leads. James Mwangi, the CEO of another financial-services player, Equity Bank, explains how his company has innovated its business model to boost financial inclusion. Aliko Dangote, who has transformed a trading company into a large-scale manufacturer, elaborates on the resilience he’s trying to build into Dangote Industries and how he hopes this will help the company thrive far into the future.

ECO Animal Health Inks Poultry Vaccine Deal With University Of Georgia

admin — Tue, 05 Feb 2019 10:51:59 +0000

LONDON (Alliance News) – ECO Animal Health Group PLC on Tuesday said its unit ECO Animal Health Ltd has entered a second exclusive licensing deal with the Poultry Diagnostic & Research Center of the University of Georgia.

This deal, which follows one for the development of potential vaccines in the field of mycoplasma gallisepticum, will allow ECO to “further develop, register and commercialize a live attenuated mycoplasma synoviae vaccine for poultry” developed by the university.

ECO Non-Executive Chair Peter Lawrence explained mycoplasma synoviae is a bacterium that affects breeding birds worldwide, resulting in a 5% to 10% loss in egg production in affected flocks.

Botswana’s first private coal mine to produce saleable coal in March

admin — Tue, 05 Feb 2019 10:16:51 +0000

Botswana’s first privately owned coal mine will produce its first saleable coal in March, the chief executive of the company overseeing the project told Reuters.

The Masama Coal Mine aims to produce 1.2 million tonnes per annum of coal and will target the South African market as well as other countries in the region, Minergy Chief Executive Andre Boje said.

“We should ramp up to the nameplate volume of 300,000 tonnes per month by June/July 2019. Our target market is the southern African region at 1.2 million tons per annum, using a combination of road and rail transport,” Boje added.

The open cast mine and associated coal wash plant is located 60 km (37 miles) northwest of Botswana’s capital Gaborone and is being developed at a cost of 400 million pula ($39 million).

The Masama mine is estimated to hold 390 million tonnes of coal reserves.

($1 = 10.3627 pulas)