Bharti Airtel wins EuroFinance Treasury award
TELECOMSBy BiztechAfrica - July 10, 2012, 8 a.m.
Bharti Airtel Limited has won the ‘Highly Commended Award’ at this year’s ‘EuroFinance Treasury Awards for Excellence’. The EuroFinance Treasury Awards are widely regarded as the most prestigious in the field of treasury excellence.
The theme for this year’s Euro Finance Treasury Awards was Volatility, Stability and Agility. The winners needed to demonstrate treasury operations that reflect “Survival of the fittest or adaptation of the most agile”.
The awards specifically acknowledged Bharti Airtel’s implementation of centralized treasury architecture, integrating operations across 20 countries at speed and its swift work on managing substantial (USD13 billion) and complex funding needs, very flexibly, across over 100 facilities from over 50 lenders.
Integration challenges arose after the acquisition of 15 country operations from Zain in Africa in 2010. The company’s innovative and extensive risk management framework for managing the new currency pairs, and smart liquidity solutions to utilize the excess cash also came in for praise. Overall the agility of treasury in the face of volatility, led by markets as also by its multi country acquisition, evolved it to become a strategic decision-maker for the business over the period.
MORE TELECOMS NEWS
World Bank to help rehabilitate DRC telecomsDilapidated, outdated and unreliable telecommunications infrastructure in the Democratic Republic of Congo (DRC) will be rehabilitated, rebuilt and modernised. Read More
30 phone brands registered with SONThe Phone and Allied Products Dealers Association (PAPDA) at Computer Village, Lagos says it has registered 30 brands of mobile phones with the Standards Organisation of Nigeria. Read More
TNM dishes out K2.5m in Independence promotionPremier mobile telecom operator TNM has dished out K2.5m worth of Mpamba value during the first draw of its commemorative promotion as Malawi celebrates 50 years of self rule. Read More
Airtel chief explains Touching Lives initiativeAirtel Nigeria says its launch of Touching Lives, a new corporate social responsibility (CSR) initiative, is meant to raise hope and inspire people. Read More
Vodacom Mozambique partners with FlytxtFlytxt, a Big Data analytics solution provider for Communication Service Providers, has announced a strategic tie up with Vodacom, Mozambique’s leading mobile network. Read More
CEC Liquid Telecom Zambia appoints new MDThe Liquid Telecom Group and Copperbelt Energy Corporation PLC have announced the appointment of Andrew Kapula as Managing Director of CEC Liquid Telecom in Zambia. Read More
MTN enhances data communications in Western and Central regionsMTN now has over 2275 2G sites and 1090 3G sites in as well as over 4000km of fibre in place in Ghana, to empower customers to do more with voice and data. Read More
NCA lifts ban on VodafoneThe National Communications Authority (NCA) has lifted the ban imposed on Vodafone Ghana. Read More
Samsung Ghana bemoans influx of fake phonesSamsung Ghana has bemoaned the influx of fake Samsung products on the Ghanaian market and called for collaboration to combat it. Read More
Tigo Ghana sales team scoops 2013 Millicommander AwardsTigo Ghana's sales team has been voted the best within the Millicom Group. Read More
FEATURED STORYWidening ICT skills gap: Cause for concern
Nigeria's FDI gains could be eroded by the widening gap in indigenous skilled ICT manpower, writes Kokumo Goodie.
BEST READ NEWS
IN DEPTHKenya rolls out e-extension to improve agriculture
In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.
COMPANY NEWSVMware reports second quarter 2014 results
VMware, the global leader in virtualization and cloud infrastructure, today announced financial results for the second quarter of 2014.New Sage ERP X3 version puts business information at your fingertips
Sage ERP Africa has announced the availability of Sage ERP X3 version 7, the latest version of its global business management solution for midsized companies.How the cloud can power entrepreneurship and urbanisation in Africa
Cloud computing is not only fundamentally changing the way business operates, it is also driving a new wave of job creation opportunities, says SAP Africa.