Risk Awareness & Compliance: No longer a good-to-have, but a must-have.
|02 December 2020||Introduction to Risk||3||50||REGISTER|
|03 December 2020||Credit Appraisal||3||40||REGISTER|
|09 December 2020||Risk Management Framework||3||50||REGISTER|
|10 December 2020||Credit Securitization||3||40||REGISTER|
|06 January 2021||Risk Responsibilities||3||50||REGISTER|
|07 January 2021||Credit Quality Assurance||3||40||REGISTER|
|13 January 2021||Risk Appetite||3||50||REGISTER|
|14 January 2021||Credit Monitoring & Collection||3||40||REGISTER|
|20 January 2021||Risk Monitoring & Control||3||50||REGISTER|
|28 January 2021||Risk Conference||General||6||40|
|03 February 2021||Introduction to Risk||3||40||REGISTER|
|10 February 2021||Risk Management Process||3||40||REGISTER|
|17 February 2021||Risk Management Standards||3||40||REGISTER|
|24 February 2021||Risk Assessment||3||40||REGISTER|
|03 March 2021||Risk Treatment||3||40||REGISTER|
|10 March 2021||Risk Reporting & Monitoring||3||40||REGISTER|
Extreme disasters have had additional shocks for the already struggling SME sector. Building SME resilience to disaster risks like #COVID19 and others requires a strategic approach. You are invited to a dialogue with key stakeholders on understanding Disaster Risks and contributing to strategies that will strengthen disaster preparedness for SMEs. Join this conversation in #IIADialogueSeries to gain insights on risk in all its dimensions and lessons traceable across Africa. #DisasterDialogue Register Today and save your spot.Read More
MASTERCLASS ALERT!! The risks of fraud have been heightened by the #Covid19 economic disruption and it poses a threat to SMEs. As a leader of a small enterprise, what measures have you put in place to mitigate fraud risks? Sign up for our virtual Masterclass on MANAGING FRAUD RISKS FOR SMEs to increase your awareness of potential fraud and enable you to identify the red flags, as well as manage and mitigate fraud risks in your company. Register for FREE and save your spotRead More
As an entrepreneur, how can your business survive the business risks presented by Covid-19? Join us on Wednesday, 26th August 2020, at 11:00AM, for a Masterclass on IDENTIFYING AND MANAGING TOP BUSINESS RISKS FOR SMEs. Gain insights on the risks SMEs are facing in the new business normal occasioned by the Covid-19 pandemic and a framework on how these risks can be mitigated. Register for this Masterclass Today FREE of charge.Read More
From the Editor
This is the first issue of the RiseWise magazine.
The purpose of this magazine is to amplify and boost risk management practice in Africa. Although risk management is well established in the finance sector, it is not effectively applied in the other sectors. Risk management is important as it identifies critical risks that would have substantial impact in the organization objectives and it supports to prioritize and monitor such risks.
In this issue we have several outstanding articles including ‘Navigating through COVID-19: A risk management perspective’, an article that underscores the importance of risk management especially after the pandemic. An article on ‘Risk management in the insurance sector’ which speaks to the importance of insurance as a mitigating strategy for risks. Another article on ‘Crisis communication’ underscores the importance of effective communication in risk management. The title article speaks to ‘Risk management as a must have and not good to have’. We believe that these articles will create a good read for this inaugural issue.
Enjoy the read!
FirstIdea Consulting Limited was awarded a contract to carry our due diligence of an investment aimed at supporting Strathmore Business School to expand its Management Development Program in Uganda into Tanzania and Rwanda. The services were meant to assist Financial Sector Deepening Africa (FSDA) make an informed investment decision. FirstIdea Consulting Limited carried out a comprehensive due diligence, including interviews with the various financial institutions and other stakeholders in Kenya, Uganda, Tanzania and Rwanda. They presented a comprehensive feedback and credible recommendation report. The assignment was implemented according to contractual agreements. FSDA confirms that FirstIdea Consulting Limited provided the services to our satisfaction and standards. We therefore recommend them for similar assignments. Dr Julias Alego Director, Professional EducationFinancial Sector Deepening Africa (FSDA)
FirstIdea Consulting performed high quality and responsive financial consultancy services for our organisation. Specifically, the Africa Digital Media Institute (ADMI) retained FirstIdea Consulting to complete the following tasks: set up a comprehensive chart of accounts; create a financial filing system, review the accounting system for mis-postings and errors; do data entry for all financial transactions; reconcile Director Capital contributions, do bank reconciliations and mobile money statements, prepare petty cash register, accounts receivable, accounts payable and the asset inventory. In addition, they developed an intuitive financial procedures manual and comprehensive financial statements for 2016. Further, FirstIdea Consulting was mandated to manage the process of recruiting our organisation’s Finance Officer. The candidate has since been confirmed and regularly benefits from FirstIdea Consulting counsel. Although not originally in their mandate, FirstIdea undertook a tax health-check for us, reviewing the regulatory compliance on withholding tax, Value Added Tax, Pay as You Earn (PAYE), National Hospital Insurance Fund (NHIF) and National Social Security Fund (NSSF). We look forward to continued partnership with FirstIdea Consulting during preparation of organisation reports and presentation of the same to Board members for elaborate decision making. The Africa Digital Media Institute (ADMI) can confirm that FirstIdea Consulting provided all services to our satisfaction and standard needs. In the light of the excellent services provided over the last years, we will not hesitate to refer them for similar assignments. Dr Laila Macharia Managing DirectorAfrica Digital Media Institute (ADMI)