Africa is a continent of vast opportunity. But leveraging the African success story requires genuine insight into the disruptive trends that are helping to shape Africa’s transformation. A recent Citi roundtable highlighted how treasury is evolving on both sides of the continent, and how treasurers can play a role in putting Africa firmly on the corporate map.

The Austrian Corporate Treasury Association (ACTA) was formally established at the end of 2017 and began recruiting members in January last year – but its roots go back much further.

Latin America is rapidly becoming one of the most attractive regions globally for investments by the world’s largest oil companies. Compelling opportunities are emerging, such as Brazil’s pre-salt, Argentina’s shale and Guyana’s frontier oil play.

Corporate treasurers in Latin America are operating in an increasingly complex and fast-paced environment. To stay one step ahead, treasury teams must re-engineer legacy processes and embrace digital innovation, while closely managing evolving risks such as cyber threats.

The dawn of the digital age, signified by the emergence of new technologies, has stimulated an interest in African trade finance on a both a domestic and international scale.

In Africa, significant shift has taken place towards digital rather than physical channels over the past decade. Recent developments within Africa’s digital ecosystem such as API are attracting clients away from the branch network and toward digitisation opportunities.