Citi’s cash management development in Africa focused on simpler, more digitally controlled treasury operations. The bank strengthened its infrastructure for managing payments, liquidity and collections across its markets during the review period.
A key development was Citi’s work to consolidate cash management for companies operating across African jurisdictions. In one notable example, the bank implemented a multi-phase treasury overhaul that integrated a major international brewer’s ERP systems with Swift, leveraging automated payments and reconciliation to reduce banking relationships and cost while improving cash visibility.
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