Managers of Wealth - Africa http://africa.managersofwealth.com/ Mon, 12 Oct 2026 16:04:16 BST part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP 7,100 new dollar-millionaires now live in South Africa News Aggregation Team Wednesday, September 16, 2026 1:00 am http://africa.managersofwealth.com/article/43208/7100-new-dollar-millionaires-now-live-in-south-africa This means South Africa now accounts for 38% of Africa’s dollar-millionaires and 36% of the continent’s billionaires. Wealth and Asset Management OM Bank is not playing around News Aggregation Team Tuesday, September 15, 2026 1:00 am http://africa.managersofwealth.com/article/43197/om-bank-is-not-playing-around Old Mutual expects the bank to run losses of R1.1 billion to R1.3 billion until it breaks even in 2028, with the bank earmarking R2 billion to fund its expansion. Wealth and Asset Management Old Mutual wants South Africa’s newest bank profitable by 2028 News Aggregation Team Wednesday, September 09, 2026 1:00 am http://africa.managersofwealth.com/article/43164/old-mutual-wants-south-africaamprsquos-newest-bank-profitable-by-2028 Adjusted headline earnings fell 30% to R2.95bn in the six months through June. Wealth and Asset Management Sarasin & Partners extends Managed Funds range to South African investors News Team Monday, September 07, 2026 1:00 am http://africa.managersofwealth.com/article/43151/sarasin-ampamp-partners-extends-managed-funds-range-to-south-african-investors Each carries a specific long-term return objective set against a defined risk budget. Wealth and Asset Management Old Mutual sees profit drop due to lower investment returns News Aggregation Team Tuesday, September 01, 2026 1:00 am http://africa.managersofwealth.com/article/43119/old-mutual-sees-profit-drop-due-to-lower-investment-returns Adjusted headline earnings fell as shareholder investment returns took a hit from the ongoing Middle East conflict, weighing on equity and bond performance. Wealth and Asset Management Old Mutual expects wealth management to drive growth in first half News Aggregation Team Tuesday, September 01, 2026 1:00 am http://africa.managersofwealth.com/article/43120/old-mutual-expects-wealth-management-to-drive-growth-in-first-half Old Mutual said growth from operations was primarily driven by stronger revenue in wealth management and Old Mutual Investments, supported by a higher average base of assets under management and administration, as well as lower central costs. Wealth and Asset Management Major private bank in South Africa fighting prosecution News Aggregation Team Monday, August 24, 2026 1:00 am http://africa.managersofwealth.com/article/43080/major-private-bank-in-south-africa-fighting-prosecution Investec has, until now, largely sat out the decade-long legal battle over allegations of rand/dollar fixing at major banks. Wealth and Asset Management SNB Group Launches Mastercard’s World Legend Card for Private Banking Clients News Aggregation Team Friday, August 21, 2026 1:00 am http://africa.managersofwealth.com/article/43066/snb-group-launches-mastercardamprsquos-world-legend-card-for-private-banking-clients The launch reflects SNB Group’s continued commitment to delivering innovative banking solutions and exceptional experiences tailored to the evolving expectations of affluent customers. Wealth and Asset Management The man who wanted to be an astronaut and now makes R272,000 a day as a tech CEO in South Africa News Aggregation Team Tuesday, August 11, 2026 1:00 am http://africa.managersofwealth.com/article/43002/the-man-who-wanted-to-be-an-astronaut-and-now-makes-r272000-a-day-as-a-tech-ceo-in-south-africa Under his leadership, the business served 19 million customers and managed approximately R1 trillion in assets. Wealth and Asset Management The Digital Elite: Why Absa Must Prove It Can Master Frictionless Banking to Keep StanChart’s Retail Legacy Alive News Aggregation Team Tuesday, July 28, 2026 1:00 am http://africa.managersofwealth.com/article/42921/the-digital-elite-why-absa-must-prove-it-can-master-frictionless-banking-to-keep-stanchartamprsquos-retail-legacy-alive On paper, absorbing thousands of affluent, high value accounts looks like an immediate win for Absa. Wealth and Asset Management Absa director resigns with immediate effect News Aggregation Team Friday, October 09, 2026 1:00 am http://africa.managersofwealth.com/article/43342/absa-director-resigns-with-immediate-effect Mangale has served as Seacom’s CEO since 2023 and held several executive positions prior to his appointment. Executive Moves ABSA Bank Ghana appoints new Board Chair News Aggregation Team Tuesday, October 06, 2026 1:00 am http://africa.managersofwealth.com/article/43314/absa-bank-ghana-appoints-new-board-chair Before retiring in 2020, Mr Frimpong served as Vice President and Chief Audit Executive at Kimberly-Clark Corporation, United States Executive Moves Sarb appoints Franz Ruch as seventh MPC member News Aggregation Team Friday, October 02, 2026 1:00 am http://africa.managersofwealth.com/article/43299/sarb-appoints-franz-ruch-as-seventh-mpc-member Ruch’s appointment follows the early retirement of Chris Loewald, the bank’s former head of economic policy development and research and an MPC member. Executive Moves Former Miss SA Tatum Keshwar-Wheatley terminates services at Africa Bitcoin Corp News Aggregation Team Friday, October 02, 2026 1:00 am http://africa.managersofwealth.com/article/43300/former-miss-sa-tatum-keshwar-wheatley-terminates-services-at-africa-bitcoin-corp Chief investment officer Akshay Karan has also stepped down. Executive Moves Julius Baer Appoints Former Barclays Banker Roy Zaatar to Middle East and Africa Leadership Team News Aggregation Team Friday, October 02, 2026 1:00 am http://africa.managersofwealth.com/article/43304/julius-baer-appoints-former-barclays-banker-roy-zaatar-to-middle-east-and-africa-leadership-team Earlier in his career, he held positions at Credit Agricole (Suisse) SA. Executive Moves MUFG appoints Edward Bell as Head of Research for Middle East and North Africa News Team Wednesday, September 30, 2026 1:00 am http://africa.managersofwealth.com/article/43284/mufg-appoints-edward-bell-as-head-of-research-for-middle-east-and-north-africa Providing macroeconomic insights and analysis for clients and the bank Executive Moves PwC Ghana appoints George Arhin as Country Senior Partner News Aggregation Team Tuesday, September 29, 2026 1:00 am http://africa.managersofwealth.com/article/43277/pwc-ghana-appoints-george-arhin-as-country-senior-partner He succeeds Vish Ashiagbor, who will retire on June 30, 2027 following a distinguished 26-year career with the firm. Executive Moves Mozambique: Bernardo Aparício leaves Standard Bank leadership, Agnaldo Mavera assumes interim role News Aggregation Team Friday, September 25, 2026 1:00 am http://africa.managersofwealth.com/article/43260/mozambique-bernardo-aparampiacutecio-leaves-standard-bank-leadership-agnaldo-mavera-assumes-interim-role Standard Bank did not indicate the reason for the departure of Bernardo Aparício, who had held the position since April 2022. Executive Moves Bernardo Aparício Steps Down. Agnaldo Mavera is The New Standard Bank Mozambique CEO News Aggregation Team Thursday, September 24, 2026 1:00 am http://africa.managersofwealth.com/article/43254/bernardo-aparampiacutecio-steps-down-agnaldo-mavera-is-the-new-standard-bank-mozambique-ceo No reason for the departure was given in the information published by the institution. Executive Moves Pick n Pay announces Woolworths exec as next CEO News Aggregation Team Wednesday, September 23, 2026 1:00 am http://africa.managersofwealth.com/article/43245/pick-n-pay-announces-woolworths-exec-as-next-ceo Sonn will begin as CEO-designate in February 2027, and the company said that he and Summers would work closely together to ensure a smooth transition in leadership. Executive Moves Maputo Court Concludes Hearings in Galp Capital Gains Tax Dispute News Aggregation Team Friday, September 25, 2026 1:00 am http://africa.managersofwealth.com/article/43259/maputo-court-concludes-hearings-in-galp-capital-gains-tax-dispute The second and final hearing session took place during the morning and was devoted to closing arguments by lawyers representing both parties Legal Court unfreezes ‘4 accounts’ linked to N21 billion system glitch, faults police News Aggregation Team Tuesday, September 01, 2026 1:00 am http://africa.managersofwealth.com/article/43117/court-unfreezes-amplsquo4-accountsamprsquo-linked-to-n21-billion-system-glitch-faults-police The withdrawals reportedly occurred due to a system glitch between October 12 and 13, 2023, according to court documents seen by Nairametrics. Legal New laws against invasion of private property in South Africa – with a R2 million fine or jail time for anyone inciting it News Aggregation Team Tuesday, July 07, 2026 1:00 am http://africa.managersofwealth.com/article/42798/new-laws-against-invasion-of-private-property-in-south-africa-ampndash-with-a-r2-million-fine-or-jail-time-for-anyone-inciting-it The new bill aims to empower municipalities, state entities, and private property owners to respond more decisively to illegal occupations and evictions in the country. Legal Major South Africa forex-rigging case moves forward News Aggregation Team Friday, July 03, 2026 1:00 am http://africa.managersofwealth.com/article/42781/major-south-africa-forex-rigging-case-moves-forward The dispute will now be referred back to the Competition Tribunal of South Africa. Legal Top court rules on rand manipulation allegations against Absa, FirstRand, Nedbank, and Standard Bank News Team Wednesday, July 01, 2026 1:00 am http://africa.managersofwealth.com/article/42765/top-court-rules-on-rand-manipulation-allegations-against-absa-firstrand-nedbank-and-standard-bank The court ruled that the Commission’s prosecution against the banks was based on flawed factual assumptions and completely lacked the required evidentiary link to prove they participated in a single overarching conspiracy. Legal Government to step up labour law enforcement News Aggregation Team Tuesday, June 02, 2026 1:00 am http://africa.managersofwealth.com/article/42595/government-to-step-up-labour-law-enforcement Construction, hospitality in the spotlight. Legal Pityana Takes Absa Board Dismissal Battle to Supreme Court of Appeal News Aggregation Team Thursday, May 28, 2026 1:00 am http://africa.managersofwealth.com/article/42572/pityana-takes-absa-board-dismissal-battle-to-supreme-court-of-appeal Pityana had been widely regarded as the preferred candidate to succeed Wendy Lucas-Bull as Absa chairman. Legal Union Bank customers fear fallout as CBN legal battle deepens over control News Aggregation Team Monday, May 18, 2026 1:00 am http://africa.managersofwealth.com/article/42515/union-bank-customers-fear-fallout-as-cbn-legal-battle-deepens-over-control The appeal has prolonged the legal face-off and brought feelings of uncertainty to customers of union bank. Legal Constitutional Court Broadens the Reach of South Africa’s GAAR in Absa v SARS Introduction  News Team Friday, May 15, 2026 1:00 am http://africa.managersofwealth.com/article/42503/constitutional-court-broadens-the-reach-of-south-africaamprsquos-gaar-in-absa-v-sars-introduction The Constitutional Court’s judgment in Absa v SARS represents one of the most significant South African tax judgments in recent years.  Legal SCA delivers blow to Sars in protracted court battle News Aggregation Team Thursday, May 14, 2026 1:00 am http://africa.managersofwealth.com/article/42501/sca-delivers-blow-to-sars-in-protracted-court-battle Finds the exclusion of lay representatives in tax court would be unconstitutional. Legal Standard Bank bets up to $200m on OPay News Aggregation Team Monday, October 12, 2026 1:00 am http://africa.managersofwealth.com/article/43347/standard-bank-bets-up-to-200m-on-opay The proposed investment is expected to close concurrently with or shortly after OPay’s IPO, subject to completion of the offering and the receipt of applicable regulatory approvals. FinTech Ecobank Group strengthens commitment to Africa’s youth through digital education News Aggregation Team Friday, October 09, 2026 1:00 am http://africa.managersofwealth.com/article/43337/ecobank-group-strengthens-commitment-to-africaamprsquos-youth-through-digital-education Ecobank’s three-year Transforming Africa Through Education campaign has reached more than 46,000 young people FinTech South Africa’s FNB Opens Crypto Trading, But the Coins Stay in the Bank News Aggregation Team Friday, October 09, 2026 1:00 am http://africa.managersofwealth.com/article/43338/south-africaamprsquos-fnb-opens-crypto-trading-but-the-coins-stay-in-the-bank A major South African bank has placed a crypto product alongside its traditional investment offerings FinTech Only 15% of Mozambicans Can Afford Mobile Internet, Study Finds News Aggregation Team Thursday, October 08, 2026 1:00 am http://africa.managersofwealth.com/article/43330/only-15-of-mozambicans-can-afford-mobile-internet-study-finds According to the expert, low purchasing power remains one of the principal barriers to regular access to digital services. FinTech Good news for FNB customers in South Africa News Aggregation Team Wednesday, October 07, 2026 1:00 am http://africa.managersofwealth.com/article/43322/good-news-for-fnb-customers-in-south-africa The group has partnered with VALR, an existing cryptocurrency trading platform, to provide the new investment type to clients. FinTech FNB joins crypto race by allowing customers to buy assets for R10 News Aggregation Team Wednesday, October 07, 2026 1:00 am http://africa.managersofwealth.com/article/43328/fnb-joins-crypto-race-by-allowing-customers-to-buy-assets-for-r10 The bank has partnered with VALR, allowing customers to purchase bitcoin, ethereum and other digital assets via the FNB app. FinTech AI must not replace human judgment in public spending — BoG Governor Asiama News Aggregation Team Tuesday, October 06, 2026 1:00 am http://africa.managersofwealth.com/article/43318/ai-must-not-replace-human-judgment-in-public-spending-ampmdash-bog-governor-asiama “AI is a tool. It is not a substitute for human judgment, institutional responsibility or accountability," he said. FinTech Are the machines rising? South African finance and security facing looming AI threats News Aggregation Team Monday, October 05, 2026 1:00 am http://africa.managersofwealth.com/article/43306/are-the-machines-rising-south-african-finance-and-security-facing-looming-ai-threats It goes far beyond asking an AI model to draft an email or answer a straightforward query. FinTech Banking goes digital-first News Aggregation Team Thursday, October 01, 2026 1:00 am http://africa.managersofwealth.com/article/43290/banking-goes-digital-first In Southern Africa, 95 to 98 percent of existing account owners already utilise digital financial products. FinTech MortgageMarket launches AI Agent to eliminate data capturing in South Africa News Aggregation Team Wednesday, September 30, 2026 1:00 am http://africa.managersofwealth.com/article/43283/mortgagemarket-launches-ai-agent-to-eliminate-data-capturing-in-south-africa ZeroCapture allows customers, mortgage originators, estate agents, and other industry participants to upload supporting documents, and then extracts the required information. FinTech GTBank Is Sole Nigerian Firm in Africa’s Top 10 on Forbes Employers List 2026 News Aggregation Team Monday, October 12, 2026 1:00 am http://africa.managersofwealth.com/article/43345/gtbank-is-sole-nigerian-firm-in-africaamprsquos-top-10-on-forbes-employers-list-2026 A Nigerian bank ranked seventh in Africa and 277th globally, making it the only Nigerian company among Forbes’ top 10 African employers Retail Banking Zenith Bank’s foreign subsidiaries post N166 billion pre-tax profit in H1 2026 News Aggregation Team Monday, October 12, 2026 1:00 am http://africa.managersofwealth.com/article/43352/zenith-bankamprsquos-foreign-subsidiaries-post-n166-billion-pre-tax-profit-in-h1-2026 The group’s non-Nigerian assets stood at N8.50 trillion Retail Banking Africa’s Top 100 Banks 2026: Capitec closes gap in Southern Africa News Aggregation Team Friday, October 09, 2026 1:00 am http://africa.managersofwealth.com/article/43341/africaamprsquos-top-100-banks-2026-capitec-closes-gap-in-southern-africa South Africa’s Capitec has demonstrated that a challenger bank can attract large numbers of customers while achieving high profit levels. Retail Banking GoldBod sells $125m to commercial banks in maiden FX auction News Aggregation Team Thursday, October 08, 2026 1:00 am http://africa.managersofwealth.com/article/43335/goldbod-sells-125m-to-commercial-banks-in-maiden-fx-auction The auction forms part of GoldBod’s plan to provide commercial banks with more predictable and transparent access to US dollars through its GoldBod GoFX platform. Retail Banking From insurance to banking: Sanlam takes aim at transactional accounts News Aggregation Team Tuesday, October 06, 2026 1:00 am http://africa.managersofwealth.com/article/43315/from-insurance-to-banking-sanlam-takes-aim-at-transactional-accounts Sanlam’s entry follows the expansion of Discovery Bank and the arrival of other corporate-backed banking offerings targeting different segments of the market. Retail Banking Mobile money wallets set to link with PAPSS, opening access to African markets News Aggregation Team Monday, October 05, 2026 1:00 am http://africa.managersofwealth.com/article/43305/mobile-money-wallets-set-to-link-with-papss-opening-access-to-african-markets The system was created to address one of Africa’s most persistent trade barriers: cross-border payments within the continent have often been slower, more expensive and more complicated than payments routed through Europe or North America. Retail Banking Absa convenes financial sector to strengthen collaboration on data privacy News Aggregation Team Tuesday, September 29, 2026 1:00 am http://africa.managersofwealth.com/article/43279/absa-convenes-financial-sector-to-strengthen-collaboration-on-data-privacy Nilepost brings you the latest Uganda news, breaking stories, politics, business, sports, entertainment, health, technology and analysis from Uganda, East Africa and the world. Retail Banking Standard Bank sets aside $1.3 billion for regional acquisitions News Aggregation Team Monday, September 28, 2026 1:00 am http://africa.managersofwealth.com/article/43266/standard-bank-sets-aside-13-billion-for-regional-acquisitions The move signals a broader wave of South African financial institution expansion into East Africa, with Kenya emerging as the primary battleground. Retail Banking Pension funds cash pile worries regulators News Aggregation Team Monday, September 28, 2026 1:00 am http://africa.managersofwealth.com/article/43267/pension-funds-cash-pile-worries-regulators Commercial bank deposits in Botswana totalled approximately P114 billion as of June 2026. Retail Banking Absa Kenya Launches Absa Next, An All-in-one finance App News Aggregation Team Monday, September 28, 2026 1:00 am http://africa.managersofwealth.com/article/43270/absa-kenya-launches-absa-next-an-all-in-one-finance-app The bank says Absa Next was shaped by extensive customer engagement and continuous testing, and will keep evolving with customer feedback. Retail Banking Societe Generale Group signs agreement to sell Ghana subsidiary to Attijariwafa Bank News Aggregation Team Friday, October 02, 2026 1:00 am http://africa.managersofwealth.com/article/43297/societe-generale-group-signs-agreement-to-sell-ghana-subsidiary-to-attijariwafa-bank The proposed divestment remains subject to the fulfilment of customary conditions precedent and approval by the relevant financial and regulatory authorities. Investment Banking Ethiopia's Investment Banks, in Their Own Words News Aggregation Team Tuesday, September 15, 2026 1:00 am http://africa.managersofwealth.com/article/43195/ethiopiaamp039s-investment-banks-in-their-own-words Ethiopia has licensed nine investment banks. Investment Banking GoTyme Bank named Africa’s Best Digital Bank by Euromoney News Aggregation Team Monday, August 03, 2026 1:00 am http://africa.managersofwealth.com/article/42954/gotyme-bank-named-africaamprsquos-best-digital-bank-by-euromoney The award acknowledges GoTyme Bank’s rapid growth through a unique banking model that combines digital convenience with a nationwide retail footprint. Investment Banking Nigeria tops EIB largest country of operations in Africa News Aggregation Team Monday, June 22, 2026 1:00 am http://africa.managersofwealth.com/article/42710/nigeria-tops-eib-largest-country-of-operations-in-africa The agreement, was sealed at a signing ceremony held at the Lagos State Waterways Authority, LASWA, Headquarters, Falomo, in Lagos. Investment Banking Standard Bank wins global awards for Investment Banking and Sustainable Finance News Aggregation Team Thursday, May 28, 2026 1:00 am http://africa.managersofwealth.com/article/42575/standard-bank-wins-global-awards-for-investment-banking-and-sustainable-finance The recognition reflects the Group’s progress and commitment to supporting Africa’s growth as a responsible financial partner, helping clients navigate the opportunities and trade-offs of energy security, infrastructure development, and a just Investment Banking Pan-African Investment Banking Group United Capital Chooses Rwanda as Its East and Central African Hub News Aggregation Team Friday, May 15, 2026 1:00 am http://africa.managersofwealth.com/article/42504/pan-african-investment-banking-group-united-capital-chooses-rwanda-as-its-east-and-central-african-hub This is the kind of conviction that changes the trajectory of capital markets and we intend to honour it by continuing to build a platform worthy of the best institutions Africa has to offer.” Investment Banking Oman opens Angola-based investment bank to deepen Africa trade links News Aggregation Team Wednesday, April 22, 2026 1:00 am http://africa.managersofwealth.com/article/42388/oman-opens-angola-based-investment-bank-to-deepen-africa-trade-links Oman has launched a new corporate investment bank in Angola as part of efforts to deepen its financial presence in Africa and strengthen trade links with emerging markets. Investment Banking Ecowas Bank for Investment and Development targets SMEs in Ghana with fresh funding for 2026 News Aggregation Team Friday, April 10, 2026 1:00 am http://africa.managersofwealth.com/article/42324/ecowas-bank-for-investment-and-development-targets-smes-in-ghana-with-fresh-funding-for-2026 He explained that the funding will be channelled through commercial banks in Ghana to ensure it reaches targeted businesses. Investment Banking Cedi strength cuts Societe Generale Ghana's bottom line as profit after tax dips 28% News Aggregation Team Monday, March 02, 2026 12:00 am http://africa.managersofwealth.com/article/42103/cedi-strength-cuts-societe-generale-ghanaamp039s-bottom-line-as-profit-after-tax-dips-28 Net trading income, however, more than doubled to GH¢122.3 million, providing a crucial buffer against pressures elsewhere. Investment Banking Rothschild & Co receives two major awards from The Banker News Aggregation Team Friday, December 05, 2025 12:00 am http://africa.managersofwealth.com/article/41661/rothschild-ampamp-co-receives-two-major-awards-from-the-banker The judges highlighted our impressive reach across emerging markets, advising on a significant number of transactions and delivering transformative deals, including sovereign restructurings from Sri Lanka to the Bahamas. Investment Banking The government wants to take over R88 billion owed to ordinary South Africans News Aggregation Team Monday, October 12, 2026 1:00 am http://africa.managersofwealth.com/article/43349/the-government-wants-to-take-over-r88-billion-owed-to-ordinary-south-africans The proposal would initially focus on unclaimed retirement fund benefits before being expanded to banking, insurance, and investment products. Alternative Investments Nigeria’s external reserves gain $115 million in six days, hit $55.07 billion News Aggregation Team Monday, October 12, 2026 1:00 am http://africa.managersofwealth.com/article/43351/nigeriaamprsquos-external-reserves-gain-115-million-in-six-days-hit-5507-billion Nigeria’s gross external reserves reached $55.07 billion on October 8, compared with $54.95 billion on October 2, an increase of about $116 million over the period. Alternative Investments Strong FPI inflows despite softer domestic liquidity News Team Friday, October 09, 2026 1:00 am http://africa.managersofwealth.com/article/43340/strong-fpi-inflows-despite-softer-domestic-liquidity The softer liquidity conditions reflected weaker participation from domestic sources Alternative Investments Sequential rise in FGN domestic debt News Team Friday, October 09, 2026 1:00 am http://africa.managersofwealth.com/article/43343/sequential-rise-in-fgn-domestic-debt This follows our initial commentary on Nigeria’s total public debt stock in our Good Morning Nigeria note of 30 September 2026 Alternative Investments A normal growth trajectory for pension AUM News Team Friday, October 09, 2026 1:00 am http://africa.managersofwealth.com/article/43344/a-normal-growth-trajectory-for-pension-aum The sustained expansion suggests that the decline recorded in June was temporary, with pension assets resuming their normal upward trajectory. Alternative Investments Absa Bank Kenya stock gets a permanent CEO News Aggregation Team Thursday, October 08, 2026 1:00 am http://africa.managersofwealth.com/article/43329/absa-bank-kenya-stock-gets-a-permanent-ceo Absa Bank Kenya stock closed at KES 33.35 on October 7, 2026, after a leadership transition. Alternative Investments World Bank revises Africa’s growth upwards to 4.3% News Aggregation Team Thursday, October 08, 2026 1:00 am http://africa.managersofwealth.com/article/43334/world-bank-revises-africaamprsquos-growth-upwards-to-43 The report said public debt had broadly stabilised at about 57 per cent of Gross Domestic Product (GDP), although high debt-service costs continued to constrain spending on health, education and infrastructure. Alternative Investments South Africa’s largest insurer jumps R11 billion in a day News Aggregation Team Wednesday, October 07, 2026 1:00 am http://africa.managersofwealth.com/article/43323/south-africaamprsquos-largest-insurer-jumps-r11-billion-in-a-day The insurance giant has also seen its share price increase by 20.4% over the last six months, adding 8,052 cents to its price, largely due to Monday’s rally. Alternative Investments World Bank raises Nigeria’s 2026 growth forecast to 4.3%, sees 4.4% in 2027–28 News Aggregation Team Wednesday, October 07, 2026 1:00 am http://africa.managersofwealth.com/article/43325/world-bank-raises-nigeriaamprsquos-2026-growth-forecast-to-43-sees-44-in-2027ampndash28 The World Bank expects Nigeria’s economic expansion to strengthen over the next three years as the impact of economic reforms and improved macroeconomic management becomes more evident. Alternative Investments Is Sanlam too late to the bank party? News Aggregation Team Monday, October 05, 2026 1:00 am http://africa.managersofwealth.com/article/43307/is-sanlam-too-late-to-the-bank-party There are real risks to entering the market nearly eight years after Discovery. Alternative Investments Nigeria leaves N40tn manufacturing opportunities untapped – Report News Aggregation Team Friday, October 09, 2026 1:00 am http://africa.managersofwealth.com/article/43339/nigeria-leaves-n40tn-manufacturing-opportunities-untapped-ampndash-report The report examines manufacturing opportunities across Nigeria’s subsectors, states, value chains and industrial clusters, while identifying areas where existing strengths can be deepened and competitiveness improved. Comment, Analysis & Research Africa’s Top Banks 2026: Egypt and Morocco power North Africa News Aggregation Team Tuesday, October 06, 2026 1:00 am http://africa.managersofwealth.com/article/43317/africaamprsquos-top-banks-2026-egypt-and-morocco-power-north-africa Egypt and Morocco are the powerhouses of Africa’s most dominant banking region, with Algerian firms also well represented in North Africa. Comment, Analysis & Research Nigeria hits 73% financial inclusion target, but 60.4 million adults remain vulnerable News Aggregation Team Tuesday, October 06, 2026 1:00 am http://africa.managersofwealth.com/article/43320/nigeria-hits-73-financial-inclusion-target-but-604-million-adults-remain-vulnerable …. Coping loans rise to 40.8% of formal credit as productive borrowing declines Comment, Analysis & Research Africa’s Top 100 Banks 2026: the full list and our analysis News Aggregation Team Monday, October 05, 2026 1:00 am http://africa.managersofwealth.com/article/43308/africaamprsquos-top-100-banks-2026-the-full-list-and-our-analysis Strong capital growth is back after several years dominated by inflation, currency depreciation and relatively weak economic growth. Comment, Analysis & Research 44 jobs paying more than the R30,611 average salary in South Africa News Aggregation Team Thursday, October 01, 2026 1:00 am http://africa.managersofwealth.com/article/43289/44-jobs-paying-more-than-the-r30611-average-salary-in-south-africa Stats SA also found that gross earnings paid to employees decreased by R4.8 billion quarter-on-quarter to R1.025 trillion. Comment, Analysis & Research S&P Downgrade to CCC Deepens Mozambique’s Financing Difficulties News Aggregation Team Thursday, October 01, 2026 1:00 am http://africa.managersofwealth.com/article/43292/sampampp-downgrade-to-ccc-deepens-mozambiqueamprsquos-financing-difficulties The revision comes against a backdrop of severe pressure on public finances, a scarcity of foreign exchange, and constrained access to financing. Comment, Analysis & Research This is what the average employee is earning in South Africa right now News Aggregation Team Wednesday, September 30, 2026 1:00 am http://africa.managersofwealth.com/article/43282/this-is-what-the-average-employee-is-earning-in-south-africa-right-now The earnings reflect the average paid to the formal, non-agricultural sector, covering eight broad industries. Comment, Analysis & Research A surprise move by the MPC News Team Wednesday, September 30, 2026 1:00 am http://africa.managersofwealth.com/article/43287/a-surprise-move-by-the-mpc Our call, broadly aligned with consensus, was for the MPC to hold at 26.5%, reflecting our cautious assessment of the global macro backdrop. Comment, Analysis & Research Reserve Bank governor Lesetja Kganyago has good news about interest rates for South Africa News Aggregation Team Tuesday, September 29, 2026 1:00 am http://africa.managersofwealth.com/article/43273/reserve-bank-governor-lesetja-kganyago-has-good-news-about-interest-rates-for-south-africa The central bank raised rates by 25 basis points to 7.25% last week in response to large and sustained geopolitical shocks that it said were now more likely to trigger second-round effects and could entrench inflation. Comment, Analysis & Research Meet 12 Female Chairpersons of NGX largest companies News Aggregation Team Monday, September 28, 2026 1:00 am http://africa.managersofwealth.com/article/43272/meet-12-female-chairpersons-of-ngx-largest-companies The number of companies in the group with female board chairs also rose from one in 2024 to three in 2025, while five had female CEOs. Comment, Analysis & Research States, FCT collect N2.64 trillion taxes from workers as PAYE jumps 40.3% News Aggregation Team Monday, October 12, 2026 1:00 am http://africa.managersofwealth.com/article/43350/states-fct-collect-n264-trillion-taxes-from-workers-as-paye-jumps-403 PAYE remained the largest component of tax revenue collected by states Tax 20% tariff hike for struggling R33 billion industry in South Africa shot down News Aggregation Team Wednesday, October 07, 2026 1:00 am http://africa.managersofwealth.com/article/43321/20-tariff-hike-for-struggling-r33-billion-industry-in-south-africa-shot-down The company alleged that South Africa’s paper industry was under threat from cheaper international imports, which could harm domestic operations. Tax IMF: Anti-tax avoidance reforms could deliver bigger gains for emerging economies News Aggregation Team Wednesday, October 07, 2026 1:00 am http://africa.managersofwealth.com/article/43326/imf-anti-tax-avoidance-reforms-could-deliver-bigger-gains-for-emerging-economies The IMF said technological change and the growing use of intangible assets have expanded opportunities for multinational companies to move reported profits to jurisdictions with lower tax rates Tax Nigeria Offers Tax Breaks to Lure $50B in Offshore Oil Projects News Aggregation Team Monday, October 05, 2026 1:00 am http://africa.managersofwealth.com/article/43310/nigeria-offers-tax-breaks-to-lure-50b-in-offshore-oil-projects Nigeria introduces tax credits up to $11.50 per barrel for deepwater oil and gas projects to attract $50 billion investment. Tax COMAC wants fuel taxes frozen to ease pressure on consumers News Aggregation Team Friday, October 02, 2026 1:00 am http://africa.managersofwealth.com/article/43298/comac-wants-fuel-taxes-frozen-to-ease-pressure-on-consumers Dr Oppong explained that the fund ensures consumers pay the same fuel price regardless of their location. Tax SARS nails taxpayer for R900,000, freezing his account, and ordering his bank to pay up News Aggregation Team Thursday, September 24, 2026 1:00 am http://africa.managersofwealth.com/article/43249/sars-nails-taxpayer-for-r900000-freezing-his-account-and-ordering-his-bank-to-pay-up The case centred on the taxpayer receiving undue payments from a fraudulent VAT refund scheme that occurred in 2024. Tax Mozambique May Commit 96% of Tax Revenue to Wages and Debt by 2027 News Aggregation Team Tuesday, September 22, 2026 1:00 am http://africa.managersofwealth.com/article/43235/mozambique-may-commit-96-of-tax-revenue-to-wages-and-debt-by-2027 The pressure stems from a trajectory of entrenched fiscal rigidity projected by the Ministry of Finance. Tax New tariffs on the cards for South Africa News Aggregation Team Friday, September 18, 2026 1:00 am http://africa.managersofwealth.com/article/43217/new-tariffs-on-the-cards-for-south-africa The request noted that South Africa’s paper manufacturing industry is facing pressure from international competition. Tax Warning for taxpayers about the 2026 filing season News Aggregation Team Friday, September 18, 2026 1:00 am http://africa.managersofwealth.com/article/43218/warning-for-taxpayers-about-the-2026-filing-season The emails often use phrases such as “Refund due” or “SARS letter of demand,” prompting recipients to open the file without verifying its source. Tax SARS commissioner has a message for taxpayers in South Africa News Aggregation Team Wednesday, September 16, 2026 1:00 am http://africa.managersofwealth.com/article/43206/sars-commissioner-has-a-message-for-taxpayers-in-south-africa This resulted in the development of world-class systems, the rise of automated assessments, and the closing of various tax loopholes in legislation. Tax South Africans charged R31 billion to keep and access their own money News Aggregation Team Monday, October 12, 2026 1:00 am http://africa.managersofwealth.com/article/43346/south-africans-charged-r31-billion-to-keep-and-access-their-own-money The fees can also influence how people manage their money, particularly among consumers who rely heavily on cash. Regulation,Tax & Compliance CBN tightens bank governance, enforces 10% offshore investment cap News Aggregation Team Monday, October 12, 2026 1:00 am http://africa.managersofwealth.com/article/43348/cbn-tightens-bank-governance-enforces-10-offshore-investment-cap Under the Banks and Other Financial Institutions Act (BOFIA) 2020, banks are restricted from investing more than 10 per cent of their shareholders’ funds in offshore subsidiaries. Regulation,Tax & Compliance Gulf Lenders Eye Africa Expansion After Ruling News Aggregation Team Thursday, October 08, 2026 1:00 am http://africa.managersofwealth.com/article/43331/gulf-lenders-eye-africa-expansion-after-ruling A South African court ruling could reshape how the continent funds its growth. Regulation,Tax & Compliance Banks, insurers face fresh pressure amidst push for decent-work compliance News Aggregation Team Thursday, October 08, 2026 1:00 am http://africa.managersofwealth.com/article/43332/banks-insurers-face-fresh-pressure-amidst-push-for-decent-work-compliance Acting National President of ASSBIFI, Fanimokun Adesina, made the demand at the association’s 2026 World Day for Decent Work celebration. Regulation,Tax & Compliance Cedi suffers biggest depreciation among African currencies in Q2 2026 – World Bank News Aggregation Team Thursday, October 08, 2026 1:00 am http://africa.managersofwealth.com/article/43333/cedi-suffers-biggest-depreciation-among-african-currencies-in-q2-2026-ampndash-world-bank It was followed by the currencies of Lesotho, Namibia, South Africa and Eswatini, which each recorded maximum weakening of roughly 7 percent. Regulation,Tax & Compliance Bank of Ghana warns against digital fraud, ponzi schemes News Aggregation Team Thursday, October 08, 2026 1:00 am http://africa.managersofwealth.com/article/43336/bank-of-ghana-warns-against-digital-fraud-ponzi-schemes The Bank cautioned customers against sharing confidential financial information with unknown persons, even where such persons claim to represent a financial institution or telecommunications operator. Regulation,Tax & Compliance CBN offers N900 billion at first Treasury Bills auction of fourth quarter 2026 News Aggregation Team Wednesday, October 07, 2026 1:00 am http://africa.managersofwealth.com/article/43324/cbn-offers-n900-billion-at-first-treasury-bills-auction-of-fourth-quarter-2026 …..One-year bill accounts for N700 billion as investors await first Q4 NTB auction calendar Regulation,Tax & Compliance Sarb surveys businesses to guide rate policy News Aggregation Team Wednesday, October 07, 2026 1:00 am http://africa.managersofwealth.com/article/43327/sarb-surveys-businesses-to-guide-rate-policy Following pilot interviews in August 2025, the programme has expanded to cover most major economic sectors. Regulation,Tax & Compliance Greenwich Bank expands, opens three Lagos branches News Aggregation Team Tuesday, October 06, 2026 1:00 am http://africa.managersofwealth.com/article/43313/greenwich-bank-expands-opens-three-lagos-branches The governor, who performed the commissioning of the Ikoyi branch, expressed optimism that the bank would support individuals and businesses while contributing to the continued growth of the Lagos economy. Regulation,Tax & Compliance Fidelity Bank Ghana seeks shareholder approval for IPO and GSE listing News Aggregation Team Tuesday, October 06, 2026 1:00 am http://africa.managersofwealth.com/article/43316/fidelity-bank-ghana-seeks-shareholder-approval-for-ipo-and-gse-listing The special resolutions include authorising the Board to determine the terms of the IPO Regulation,Tax & Compliance Development Bank of Ethiopia Expands Financing for Off-Grid Solar Businesses News Aggregation Team Tuesday, October 06, 2026 1:00 am http://africa.managersofwealth.com/article/43319/development-bank-of-ethiopia-expands-financing-for-off-grid-solar-businesses The facility can also finance eligible import transactions through letters of credit, subject to applicable banking and prudential requirements. ESG FirstBank steps up ESG checks, screens N10trn corporate transactions News Aggregation Team Tuesday, August 25, 2026 1:00 am http://africa.managersofwealth.com/article/43082/firstbank-steps-up-esg-checks-screens-n10trn-corporate-transactions FirstBank said the sharp increase reflected the growing integration of sustainability considerations into its credit and risk management processes. ESG UBA Wins Nigeria’s Best ESG, Retail Bank Awards at 2026 Euromoney Awards News Aggregation Team Wednesday, July 29, 2026 1:00 am http://africa.managersofwealth.com/article/42934/uba-wins-nigeriaamprsquos-best-esg-retail-bank-awards-at-2026-euromoney-awards The double recognition underscores UBA’s leadership in driving sustainable finance while expanding access to innovative banking solutions for millions of customers across Africa. ESG World Bank drops climate funding target, raising fears for Africa News Aggregation Team Friday, July 03, 2026 1:00 am http://africa.managersofwealth.com/article/42783/world-bank-drops-climate-funding-target-raising-fears-for-africa The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially in Africa – could receive less support to adapt to a warming wo ESG UBA mobilises employees for pan-African environmental clean-up News Aggregation Team Monday, June 29, 2026 1:00 am http://africa.managersofwealth.com/article/42746/uba-mobilises-employees-for-pan-african-environmental-clean-up It said the clean-up exercise was conducted simultaneously in cities including Lagos, Accra, Nairobi and Dakar as part of the bank’s environmental sustainability initiatives. ESG Absa named green financial institution of the year News Aggregation Team Friday, June 26, 2026 1:00 am http://africa.managersofwealth.com/article/42738/absa-named-green-financial-institution-of-the-year NEMA recognised Absa for its contribution to sustainable financing and environmental protection. ESG Union Bank pushes collaboration on climate action News Aggregation Team Friday, June 26, 2026 1:00 am http://africa.managersofwealth.com/article/42741/union-bank-pushes-collaboration-on-climate-action The bank, in partnership with the Nigerian Conservation Foundation, made the call during a symposium to commemorate the 2026 World Environment Day at the Lekki Conservation Centre in Lagos. ESG Nigerian Banks and ESG: Between Optics and Practice News Aggregation Team Friday, May 22, 2026 1:00 am http://africa.managersofwealth.com/article/42552/nigerian-banks-and-esg-between-optics-and-practice They are borne by ordinary citizens crushed in the crucibles of scorched earth and broken communities. ESG BOI bags global award for sustainable finance News Aggregation Team Tuesday, April 28, 2026 1:00 am http://africa.managersofwealth.com/article/42417/boi-bags-global-award-for-sustainable-finance The award reflects the bank’s significant strides in advancing climate action, circular economy practices, and responsible resource management. ESG SMEs must embrace ESG to compete globally — UBA Ghana CEO News Aggregation Team Tuesday, April 07, 2026 1:00 am http://africa.managersofwealth.com/article/42299/smes-must-embrace-esg-to-compete-globally-ampmdash-uba-ghana-ceo He explained that adopting ESG standards would improve their chances of accessing low-cost financing and remaining competitive in global markets. ESG