Managers of Wealth - Africa http://africa.managersofwealth.com/ Mon, 02 Nov 2026 23:11:12 GMT part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Ghana’s wealth must fund quality education and protection from poverty – Kufuor News Aggregation Team Thursday, October 29, 2026 12:00 am http://africa.managersofwealth.com/article/43454/ghanaamprsquos-wealth-must-fund-quality-education-and-protection-from-poverty-ampndash-kufuor “We must ensure that all the children of this land are given some of the finest education you can get anywhere.” Wealth and Asset Management JPMorgan using AI to make its wealth advisors more efficient News Aggregation Team Monday, October 26, 2026 12:00 am http://africa.managersofwealth.com/article/43424/jpmorgan-using-ai-to-make-its-wealth-advisors-more-efficient While still hiring and investing in its private banking staff. Wealth and Asset Management Investec Earns Top Place in Two Independent Awards News Team Wednesday, October 21, 2026 1:00 am http://africa.managersofwealth.com/article/43401/investec-earns-top-place-in-two-independent-awards Investec Private Bank wins 2026/27 Ask Afrika Orange Index and 2026 National Financial Ombud dispute resolution award Wealth and Asset Management The 5 African billionaires with major stakes in Africa's 10 biggest banks News Aggregation Team Thursday, October 15, 2026 1:00 am http://africa.managersofwealth.com/article/43369/the-5-african-billionaires-with-major-stakes-in-africaamp039s-10-biggest-banks Five African billionaires, including Morocco's King Mohammed VI and Femi Otedola, hold stakes worth about $14 billion in four of Africa's biggest banks. Wealth and Asset Management 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 Access Bank appoints Oluseyi Kumapayi as Deputy Managing Director, African Subsidiaries News Aggregation Team Monday, November 02, 2026 12:00 am http://africa.managersofwealth.com/article/43468/access-bank-appoints-oluseyi-kumapayi-as-deputy-managing-director-african-subsidiaries In his new role, he will retain responsibility for the bank’s African operations, with an expanded mandate to improve profitability, capital productivity, operational performance and cross-border business integration. Executive Moves Airtel Africa appoints Nigerian executive to drive broadband growth across markets News Aggregation Team Wednesday, October 28, 2026 12:00 am http://africa.managersofwealth.com/article/43444/airtel-africa-appoints-nigerian-executive-to-drive-broadband-growth-across-markets Before his appointment, Bakare served as Acting Director of Home Broadband Business at Airtel Nigeria from October 2024 to March 2026 Executive Moves Standard Chartered names Adelagun CEO News Aggregation Team Friday, October 23, 2026 1:00 am http://africa.managersofwealth.com/article/43422/standard-chartered-names-adelagun-ceo He is also Chairman of Standard Chartered Capital and Advisory Nigeria and Head of Markets, Africa. Executive Moves Janus Henderson strengthens Middle East, Central Asia and Africa client team Senior appointment expands client coverage across Africa News Team Wednesday, October 21, 2026 1:00 am http://africa.managersofwealth.com/article/43406/janus-henderson-strengthens-middle-east-central-asia-and-africa-client-team-senior-appointment-expands-client-coverage-across-africa In his new role, Charles will work closely with the firm's partners across Africa and support the continued development of Janus Henderson's relationships throughout the region. Executive Moves Julius Baer announces new leadership for Middle East & Africa: Jean Pierre Dib and Philipp Kleinschnittger named Co-Heads News Team Tuesday, October 13, 2026 1:00 am http://africa.managersofwealth.com/article/43353/julius-baer-announces-new-leadership-for-middle-east-ampamp-africa-jean-pierre-dib-and-philipp-kleinschnittger-named-co-heads Jean Pierre Dib and Philipp Kleinschnittger jointly assume leadership as Co-Heads Middle East & Africa, based in Dubai and Zurich respectively, effective 12 October 2026 Executive Moves AG Mortgage Bank appoints Ogbuehi as company secretary News Aggregation Team Tuesday, October 13, 2026 1:00 am http://africa.managersofwealth.com/article/43357/ag-mortgage-bank-appoints-ogbuehi-as-company-secretary He began his career in mortgage banking as a Legal Officer at Haggai Mortgage Bank Limited. Executive Moves 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 UBA secures court orders in $242m oil dispute, N61.4bn Wempco debt case News Aggregation Team Monday, October 26, 2026 12:00 am http://africa.managersofwealth.com/article/43430/uba-secures-court-orders-in-242m-oil-dispute-n614bn-wempco-debt-case The two cases involve separate claims and proceedings initiated by UBA to protect its interests and pursue remedies through the courts. Legal Billionaire Patrice Motsepe’s business in hot water News Aggregation Team Thursday, October 15, 2026 1:00 am http://africa.managersofwealth.com/article/43370/billionaire-patrice-motsepeamprsquos-business-in-hot-water While ARM holds 50% of Assmang’s voting rights, the other half is held by Assore, with neither company having an outright majority. Legal Eversheds Sutherland advises InfraCo on investment in one of Africa's first geothermal power projects developed with private capital News Team Tuesday, October 13, 2026 1:00 am http://africa.managersofwealth.com/article/43354/eversheds-sutherland-advises-infraco-on-investment-in-one-of-africaamp039s-first-geothermal-power-projects-developed-with-private-capital The transaction required various third-party approvals, including COMESA approval for the Taranis investment and Ethiopian merger control approval for the exit by AREHL. Legal 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 Say goodbye to boarding passes and passports at airports News Aggregation Team Monday, November 02, 2026 12:00 am http://africa.managersofwealth.com/article/43465/say-goodbye-to-boarding-passes-and-passports-at-airports Data shows that passengers are increasingly willing to use technology to reduce the time spent checking in, boarding flights, and passing through immigration. FinTech NITDA tightens cybersecurity rules for MDAs, mandates DNS security assessments News Aggregation Team Thursday, October 29, 2026 12:00 am http://africa.managersofwealth.com/article/43453/nitda-tightens-cybersecurity-rules-for-mdas-mandates-dns-security-assessments It adds digital signatures that allow validating resolvers to verify whether DNS responses are authentic and have not been tampered with. FinTech QNB Group accelerates global AI and digital infrastructure financing in Q3 News Aggregation Team Monday, October 26, 2026 12:00 am http://africa.managersofwealth.com/article/43425/qnb-group-accelerates-global-ai-and-digital-infrastructure-financing-in-q3 The Q3 activity demonstrates the Group’s ability to mobilise international capital through collaboration between its teams FinTech Rawbank adopts SBS Digital Banking Suite for digital services News Aggregation Team Friday, October 23, 2026 1:00 am http://africa.managersofwealth.com/article/43416/rawbank-adopts-sbs-digital-banking-suite-for-digital-services The move forms part of Rawbank’s digital transformation strategy and is intended to speed up the rollout of digital banking services to its customers. FinTech ALX roundtable pushes AI adoption, workforce readiness News Aggregation Team Thursday, October 22, 2026 1:00 am http://africa.managersofwealth.com/article/43408/alx-roundtable-pushes-ai-adoption-workforce-readiness Ola Igwe, Chief of Staff and Operations at ALX Nigeria, opened the event before handing over to Ruby Igwe, Regional Director for West and Central Africa at ALX Enterprise, who led the afternoon’s sessions. FinTech Stanbic Ghana eyes digital cross-border payments News Aggregation Team Thursday, October 22, 2026 1:00 am http://africa.managersofwealth.com/article/43414/stanbic-ghana-eyes-digital-cross-border-payments Under the proposed model, Stanbic Bank Ghana would remain the customer-facing bank FinTech National Bank of Ethiopia connects to PAPSS payments network News Aggregation Team Tuesday, October 20, 2026 1:00 am http://africa.managersofwealth.com/article/43393/national-bank-of-ethiopia-connects-to-papss-payments-network PAPSS was launched in 2022 by Afreximbank with the purpose of streamlining cross-border payments between countries across Africa. FinTech South Africans lost R2.4 billion to digital banking fraud in 2025, SABRIC says News Aggregation Team Monday, October 19, 2026 1:00 am http://africa.managersofwealth.com/article/43391/south-africans-lost-r24-billion-to-digital-banking-fraud-in-2025-sabric-says Claims have more than doubled in two years. FinTech Nigeria’s banks face the harder test of turning financial strength into economic value News Aggregation Team Friday, October 16, 2026 1:00 am http://africa.managersofwealth.com/article/43377/nigeriaamprsquos-banks-face-the-harder-test-of-turning-financial-strength-into-economic-value Banks and fintech companies are also competing more directly for customers and financial relationships, even as they continue to depend on one another’s infrastructure and capabilities. FinTech Unlocking Cross-Border Fintech in West Africa News Aggregation Team Wednesday, October 14, 2026 1:00 am http://africa.managersofwealth.com/article/43362/unlocking-cross-border-fintech-in-west-africa BCEAO licensing boosts West African fintech expansion, but fragmented rules still slow regional momentum. FinTech Absa opens Dubai office as lender accelerates expansion plan News Aggregation Team Thursday, October 29, 2026 12:00 am http://africa.managersofwealth.com/article/43456/absa-opens-dubai-office-as-lender-accelerates-expansion-plan Absa joins rivals Investec, Standard Bank, and Nedbank in having offices in Dubai. Retail Banking Co-op Bank leads online search interest among Kenyan lenders News Aggregation Team Wednesday, October 28, 2026 12:00 am http://africa.managersofwealth.com/article/43441/co-op-bank-leads-online-search-interest-among-kenyan-lenders The analysis also found differences in search interest across towns. Retail Banking Ghana’s GCB Bank signs yuan card deal amid $8.7bn China trade deficit News Aggregation Team Wednesday, October 28, 2026 12:00 am http://africa.managersofwealth.com/article/43445/ghanaamprsquos-gcb-bank-signs-yuan-card-deal-amid-87bn-china-trade-deficit The proposed cards would support purchases, cash withdrawals and online transactions in China, with the RMB product designed to facilitate direct settlement in Chinese currency. Retail Banking Good news for Capitec, FNB, Standard Bank, and Absa customers in South Africa News Aggregation Team Tuesday, October 27, 2026 12:00 am http://africa.managersofwealth.com/article/43438/good-news-for-capitec-fnb-standard-bank-and-absa-customers-in-south-africa Notably, this marks an increase of more than 200 branches since September. Retail Banking Africa’s Financial Markets Improve, But Index Shows High Borrowing Costs Persist News Aggregation Team Friday, October 23, 2026 1:00 am http://africa.managersofwealth.com/article/43418/africaamprsquos-financial-markets-improve-but-index-shows-high-borrowing-costs-persist The findings highlight a persistent gap between building stronger infrastructure and ensuring businesses can raise capital on competitive terms. Retail Banking Moniepoint MFB Wins SME Microfinance Bank of the Year News Aggregation Team Friday, October 23, 2026 1:00 am http://africa.managersofwealth.com/article/43419/moniepoint-mfb-wins-sme-microfinance-bank-of-the-year The awards follow a year of scale for the bank. Retail Banking Cash outside banks rises by N48.7 billion to N4.92 trillion in September — CBN News Aggregation Team Thursday, October 22, 2026 1:00 am http://africa.managersofwealth.com/article/43409/cash-outside-banks-rises-by-n487-billion-to-n492-trillion-in-september-ampmdash-cbn Despite the latest monthly increase, the September figure remains below the levels recorded in the first five months of 2026 Retail Banking East Africa’s Banking Race Fuels Wider Expansion News Aggregation Team Thursday, October 22, 2026 1:00 am http://africa.managersofwealth.com/article/43415/east-africaamprsquos-banking-race-fuels-wider-expansion As pan-African banks compete for East African scale, cross-border ambitions meet local realities. Retail Banking Standard Bank stands alone as the only African company recognised across four global rankings News Aggregation Team Wednesday, October 21, 2026 1:00 am http://africa.managersofwealth.com/article/43403/standard-bank-stands-alone-as-the-only-african-company-recognised-across-four-global-rankings Standard Bank is the only African-headquartered company to feature across all four rankings, distinguishing it among organisations recognised internationally for their workplace practices, reputation, performance and trust. Retail Banking Nedbank’s R13.9bn NCBA East Africa deal complete News Aggregation Team Tuesday, October 20, 2026 1:00 am http://africa.managersofwealth.com/article/43394/nedbankamprsquos-r139bn-ncba-east-africa-deal-complete Strengthening its presence in the region and advancing its African growth strategy. 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 Jeddah: African Development Bank Group and Islamic Development Bank discuss progress on $4bn co-financing target for Africa. News Team Monday, November 02, 2026 12:00 am http://africa.managersofwealth.com/article/43470/jeddah-african-development-bank-group-and-islamic-development-bank-discuss-progress-on-4bn-co-financing-target-for-africa Approved operations total US$2.65 billion, representing 66 per cent of the target. Alternative Investments Trade surplus widens on strong export performance News Team Monday, November 02, 2026 12:00 am http://africa.managersofwealth.com/article/43471/trade-surplus-widens-on-strong-export-performance While the economic case for infrastructure-led borrowing remains compelling Alternative Investments Strong oil receipts lift Q2 revenue, but budget gap persists News Team Monday, November 02, 2026 12:00 am http://africa.managersofwealth.com/article/43472/strong-oil-receipts-lift-q2-revenue-but-budget-gap-persists However, the stronger outturn masks a sizeable gap relative to fiscal assumptions, with collections achieving only 55% of the implied quarterly budget target of NGN18.3trn Alternative Investments New ultra-luxury international hotel launches in South Africa, sitting right next to superyachts News Aggregation Team Friday, October 30, 2026 12:00 am http://africa.managersofwealth.com/article/43458/new-ultra-luxury-international-hotel-launches-in-south-africa-sitting-right-next-to-superyachts It was designed by Neri&Hu in collaboration with local architects to reflect the surrounding warehouse structures that previously occupied the area. Alternative Investments South Africa’s economy is much bigger than you thought News Aggregation Team Friday, October 30, 2026 12:00 am http://africa.managersofwealth.com/article/43459/south-africaamprsquos-economy-is-much-bigger-than-you-thought With the economy normalising following the Covid-19 pandemic, the process has now been implemented. Alternative Investments Game over for 250 companies in South Africa News Aggregation Team Thursday, October 29, 2026 12:00 am http://africa.managersofwealth.com/article/43450/game-over-for-250-companies-in-south-africa The year is also on track to see fewer liquidations than in 2025. Alternative Investments Private-sector credit growth regains momentum News Team Wednesday, October 28, 2026 12:00 am http://africa.managersofwealth.com/article/43440/private-sector-credit-growth-regains-momentum The acceleration suggests that PSCE may be regaining momentum following several months of subdued lending activity and single-digit growth. Alternative Investments Naira stability underpinned by improved FX liquidity News Team Wednesday, October 28, 2026 12:00 am http://africa.managersofwealth.com/article/43432/naira-stability-underpinned-by-improved-fx-liquidity This relative stability was also reflected in the naira's average exchange rate during the month Alternative Investments Nigeria’s portfolio investment inflows surge to $7.09 billion as direct investment lags News Aggregation Team Wednesday, October 28, 2026 12:00 am http://africa.managersofwealth.com/article/43443/nigeriaamprsquos-portfolio-investment-inflows-surge-to-709-billion-as-direct-investment-lags The CBN’s financial-account data showed that portfolio investment inflows increased faster than direct investment liabilities between the first and second quarters of 2026. Alternative Investments Recapitalised banks: Missing link between profit and prosperity News Aggregation Team Wednesday, October 28, 2026 12:00 am http://africa.managersofwealth.com/article/43446/recapitalised-banks-missing-link-between-profit-and-prosperity A stronger balance sheet is not automatically a stronger economy. Alternative Investments Three South Africans in line to take over empires worth over R500 billion News Aggregation Team Friday, October 30, 2026 12:00 am http://africa.managersofwealth.com/article/43457/three-south-africans-in-line-to-take-over-empires-worth-over-r500-billion While all three have sons who could play significant roles in their respective business interests, their succession paths are notably different. Comment, Analysis & Research DMO rejects N1.84 trillion bids, pushes T-bill rates lower News Aggregation Team Friday, October 30, 2026 12:00 am http://africa.managersofwealth.com/article/43461/dmo-rejects-n184-trillion-bids-pushes-t-bill-rates-lower The authorities allotted only 8.89% of the advertised offer, leaving approximately 96.27% of total subscriptions unfilled, with the largest rejected amount concentrated in the 364-day instrument. Comment, Analysis & Research South Africa at the bottom of important world ranking – behind Kenya, Botswana, and Namibia News Aggregation Team Wednesday, October 28, 2026 12:00 am http://africa.managersofwealth.com/article/43447/south-africa-at-the-bottom-of-important-world-ranking-ampndash-behind-kenya-botswana-and-namibia The index evaluated retirement systems according to three measures: adequacy, sustainability and integrity. Comment, Analysis & Research Sustained rise in the gross external reserves News Team Tuesday, October 27, 2026 12:00 am http://africa.managersofwealth.com/article/43433/sustained-rise-in-the-gross-external-reserves The improvement reflects a combination of supportive domestic and external factors Comment, Analysis & Research DMO secures stronger funding amid yield repricing News Team Tuesday, October 27, 2026 12:00 am http://africa.managersofwealth.com/article/43435/dmo-secures-stronger-funding-amid-yield-repricing The offer size was significantly higher than the NGN1.0trn issued in September, consistent with increased domestic funding requirements Comment, Analysis & Research Disinflation trend sustained in September News Team Tuesday, October 27, 2026 12:00 am http://africa.managersofwealth.com/article/43436/disinflation-trend-sustained-in-september Headline inflation eased to 14.63% y/y from 15.39% y/y in August Comment, Analysis & Research The next frontier of AI in South African banking News Aggregation Team Friday, October 23, 2026 1:00 am http://africa.managersofwealth.com/article/43423/the-next-frontier-of-ai-in-south-african-banking For South African banks, the next frontier of AI lies in improving the operational processes that keep the business running. Comment, Analysis & Research South Africans should say goodbye to cash News Aggregation Team Tuesday, October 20, 2026 1:00 am http://africa.managersofwealth.com/article/43398/south-africans-should-say-goodbye-to-cash Beyers described bank costs as archaic and added that there should be more pressure on banks to lower them. Comment, Analysis & Research How Afreximbank, Geometric Power brought relief to Aba residents, businesses News Aggregation Team Monday, October 19, 2026 1:00 am http://africa.managersofwealth.com/article/43385/how-afreximbank-geometric-power-brought-relief-to-aba-residents-businesses Interestingly, Aba, the commercial nerve centre of Abia State, is currently enjoying what has been largely described as uninterrupted power supply in recent times. Comment, Analysis & Research Top 10 Biggest Banks in Africa by Total Assets in 2026 News Aggregation Team Monday, October 19, 2026 1:00 am http://africa.managersofwealth.com/article/43386/top-10-biggest-banks-in-africa-by-total-assets-in-2026 Standard Bank Group is Africa's biggest bank with $232.5 billion in assets. Comment, Analysis & Research Taxpayers spend R3.6 million per home for low-income families, and DStv cuts 16 channels News Aggregation Team Monday, November 02, 2026 12:00 am http://africa.managersofwealth.com/article/43466/taxpayers-spend-r36-million-per-home-for-low-income-families-and-dstv-cuts-16-channels The US dollar stayed strong on expectations of prolonged high interest rates and safe-haven demand, despite trimming some gains after the Federal Reserve held rates steady. Tax Government punishing homeowners with a triple tax in South Africa News Aggregation Team Monday, November 02, 2026 12:00 am http://africa.managersofwealth.com/article/43467/government-punishing-homeowners-with-a-triple-tax-in-south-africa The first cost of this ‘triple tax’ involves paying municipalities for services such as water and electricity. Tax Joint Revenue Board says 21 states have harmonised their tax laws News Aggregation Team Thursday, October 29, 2026 12:00 am http://africa.managersofwealth.com/article/43452/joint-revenue-board-says-21-states-have-harmonised-their-tax-laws Adesokan highlighted that the government’s tax harmonisation efforts are gaining ground across the states, with 21 states now on board. Tax SARS can take the money you owe directly from your employer News Aggregation Team Wednesday, October 28, 2026 12:00 am http://africa.managersofwealth.com/article/43442/sars-can-take-the-money-you-owe-directly-from-your-employer “Such a third party may be an employer of the taxpayer or any other person who has the management, custody or control of any income, monies or property of the taxpayer.” Tax Great news for anyone paying tax in South Africa News Aggregation Team Thursday, October 22, 2026 1:00 am http://africa.managersofwealth.com/article/43411/great-news-for-anyone-paying-tax-in-south-africa According to the Treasury, due to the surge in online gambling and its impact on society, it has been proposed that a 20% tax be applied to gross gambling revenue from online betting. Tax R16,000 SARS penalty warning for one group of taxpayers News Aggregation Team Monday, October 19, 2026 1:00 am http://africa.managersofwealth.com/article/43390/r16000-sars-penalty-warning-for-one-group-of-taxpayers After the final demands were issued, SARS faced scrutiny over the validity of the penalties it had imposed, given the timing of the letters and the related public notice. Tax R50 billion tax surprise for South Africa News Aggregation Team Thursday, October 15, 2026 1:00 am http://africa.managersofwealth.com/article/43371/r50-billion-tax-surprise-for-south-africa It will also indicate any changes to the proposed revenue and spending estimates for the second half of the year. Tax 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 must increase federal revenue share or transfer more responsibilities to states, says Zrosk CIO News Aggregation Team Monday, November 02, 2026 12:00 am http://africa.managersofwealth.com/article/43469/nigeria-must-increase-federal-revenue-share-or-transfer-more-responsibilities-to-states-says-zrosk-cio His comments come amid President Bola Tinubu’s request to the Senate for approval of a supplementary external borrowing plan of $20.52 billion Regulation,Tax & Compliance CBN Data localization rule: Only 59% of banks, fintechs ready for January deadline News Aggregation Team Friday, October 30, 2026 12:00 am http://africa.managersofwealth.com/article/43460/cbn-data-localization-rule-only-59-of-banks-fintechs-ready-for-january-deadline The findings of the survey were released on Wednesday during an Executive Regulatory Dialogue on the implementation of the National Sovereign Cloud Initiative and Data Localisation jointly organized by NITDA and the CBN. Regulation,Tax & Compliance Minimum wage: NECA urges balance between welfare, affordability News Aggregation Team Friday, October 30, 2026 12:00 am http://africa.managersofwealth.com/article/43462/minimum-wage-neca-urges-balance-between-welfare-affordability It said it recognised the legitimate concerns regarding workers’ welfare, rising cost of living and declining purchasing power. Regulation,Tax & Compliance 2027 Budget to prioritise jobs, productivity and higher incomes – Nyarko Ampem News Aggregation Team Friday, October 30, 2026 12:00 am http://africa.managersofwealth.com/article/43463/2027-budget-to-prioritise-jobs-productivity-and-higher-incomes-ampndash-nyarko-ampem The 2027 Budget is scheduled to be presented to Parliament on November 12. Regulation,Tax & Compliance CAA, NFA, Copyright Ghana to lead dialogue on creatives’ pension scheme News Aggregation Team Friday, October 30, 2026 12:00 am http://africa.managersofwealth.com/article/43464/caa-nfa-copyright-ghana-to-lead-dialogue-on-creativesamprsquo-pension-scheme The engagement seeks to develop a roadmap towards establishing a social security programme that responds to the financial security and long-term welfare needs of Ghanaian creative professionals. Regulation,Tax & Compliance South Africa risks return to money-laundering grey list News Aggregation Team Thursday, October 29, 2026 12:00 am http://africa.managersofwealth.com/article/43449/south-africa-risks-return-to-money-laundering-grey-list A year after leaving the FATF grey list, South Africa's anti-corruption reforms have stalled. Regulation,Tax & Compliance South Africa readies backup plan for benchmark rate law delay News Aggregation Team Thursday, October 29, 2026 12:00 am http://africa.managersofwealth.com/article/43451/south-africa-readies-backup-plan-for-benchmark-rate-law-delay The South African rand overnight index average — known as Zaronia — is scheduled to replace the Johannesburg interbank average rate at the end of this year. Regulation,Tax & Compliance NBE Allocates $140 Million as Banks Bid for $150.83 Million in Latest FX Auction News Aggregation Team Thursday, October 29, 2026 12:00 am http://africa.managersofwealth.com/article/43455/nbe-allocates-140-million-as-banks-bid-for-15083-million-in-latest-fx-auction The weighted average exchange rate of successful bids stood at 159.7014 birr per US dollar Regulation,Tax & Compliance Property regulator says transformation agenda on track despite Sakeliga court defeat News Aggregation Team Wednesday, October 28, 2026 12:00 am http://africa.managersofwealth.com/article/43448/property-regulator-says-transformation-agenda-on-track-despite-sakeliga-court-defeat Accepts that practitioners do not need BEE certificates to obtain Fidelity Fund Certificates, but says the high court ruling ‘awaits’ confirmation. Regulation,Tax & Compliance Sars cracks down on Vat refund fraud News Aggregation Team Tuesday, October 27, 2026 12:00 am http://africa.managersofwealth.com/article/43439/sars-cracks-down-on-vat-refund-fraud As 14 accused in R3.99m tax fraud investigation. Regulation,Tax & Compliance African Development Bank Group and National Business Initiative advance green skills and jobs for South African youth News Team Tuesday, October 27, 2026 12:00 am http://africa.managersofwealth.com/article/43437/african-development-bank-group-and-national-business-initiative-advance-green-skills-and-jobs-for-south-african-youth Backed by a USD 1 million FAPA grant, the programme will reach its next milestone with two studies to be unveiled at COP 31 in Antalya, Türkiye. ESG 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