answer below case study question by writing a memo Founded in $1978,$ RovonCo$$s origin was in providing insurance and financial planning products

in the West$-$African country, Gamba. Although endowed with rich natural resources, the

country$$s leaders recognised the need to diversify the economy for long term sustainability.

RovonCo$$s founders recognised the growth potential in Gamba$$s financial services sector as

the young democracy$$s economy gained momentum and the middle class began to grow. In

recent years, Gamba$$s diversification strategy has yielded a strong technology sector, and

Gamba has one of the best IT infrastructures on the continent with high levels of broadband

and mobile penetration in all major centres in the country.

After achieving market leadership in the insurance and personal financial planning sectors$,$

RovonCo$$s board sought to diversify into related sectors in pursuit of continuing growth.

RovonCo acquired $100\%$ of the issued capital of First Bank of Gamba $($FBG$)$ in $1998$ and

began the process of harmonising and integrating the two organisation$$s businesses. Although

relatively small in the banking sector within Gamba, FBG was seen to have a highly

complementary business model, brand and operations, and the potential for synergy and

growth in the combined business was considered extremely high.The combined

organisation$$s market opportunities bore this out, and growth was explosive, which put

significant strain on the operations of the organisation, and inhibited their effective integration.

The organisation was troubled by frequent business disruptions and operational losses,

despite their leadership position in insurance and their rapid growth in the banking sector.

In $2011,$ XXX International identified RovonCo as an acquisition target. XXX is a pan$-$African

multi$-$faceted financial services organisation that had grown well organically, but also through

acquisition. Their presence in west Africa, however, stood out as being limited compared to

East and Southern Africa. RovonCo was seen as an opportunity to establish a foothold in the

region and leverage the group$$s strong balance sheet, as well as an opportunity to explore

further acquisitions in neighbouring countries. XXX acquired $60\%$ of the share capital of

RovonCo.

Opportunities identified in setting strategy for the newly acquired subsidiary included

completing the integration of the legacy businesses operations, exploiting shared services

from capabilities developed at a group level and digitally enabling products, services, channels

and internal business processes.

Regulatory environment

Gamba has one of the finest regulatory environments in the world, according to their president.

Indeed, their financial sector regulation and commitment to corporate governance are highly

regarded across the world. The What is required of you?

Your main goal with the first presentation was to convince the board that effective IT governance will create value in their business and you did just that. At the end of that presentation the chairman of the board commented as follows: $$Thank you for this convincing presentation. We as the board has been convinced that sound IT governance will create value to our organization. With our strategic goal $-$ creating maximum business value through giving the best services to our clients $-$ in mind you are tasked to do the following:

Page $6$ of $7$

Write a memorandum to the CEO to:

a$.$ translate the twofold strategic goal into the two most appropriate COBIT enterprise goals and motivate why;

b$.$ scope $10$ COBIT Governance$/$Management objectives based on the strategic context and leveraging the Enterprise goals $$ Alignment goals $$ Governance$/$Management objectives cascade and motivate why you think this is a logical result $($explain in detail how you did the scoping$)$ and

c$.$ identify for each of the derived Governance$/$Management objectives the $2$ most important Governance$/$Management practices, for each identified practice the $2$ most important activities and motivate why.

The context of the case study should continuously and meticulously be taken into account and assessment will take the contextualization of the case study in mind.

Your memorandum should not be longer that $8$ A$4$ typed pages and must be submitted on the Learn Site. Use the following document, available on the Lean Site with the assignment, to complete your assignment: CobiT$2019$ Governance and Management Objectives