Managers of Wealth - Africa http://africa.managersofwealth.com/ Wed, 28 May 2025 05:30:55 BST part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP National wealth and growth – Everest Wealth’s next chapter News Aggregation Team Tuesday, May 27, 2025 1:00 am http://africa.managersofwealth.com/article/40576/national-wealth-and-growth-ampndash-everest-wealthamprsquos-next-chapter The Johannesburg Stock Exchange (JSE), for example, had around 600 listed companies nearly three decades ago – today, that number has more than halved. Wealth and Asset Management South Africa officially has a new dollar billionaire News Aggregation Team Friday, May 23, 2025 1:00 am http://africa.managersofwealth.com/article/40564/south-africa-officially-has-a-new-dollar-billionaire Its global expansion has also been extensive. Wealth and Asset Management Private credit and tomorrow’s wealth: Earning returns while powering South Africa’s growth News Aggregation Team Thursday, April 24, 2025 1:00 am http://africa.managersofwealth.com/article/40393/private-credit-and-tomorrowamprsquos-wealth-earning-returns-while-powering-south-africaamprsquos-growth Investing in private credit offers the opportunity to access stable, above-inflation returns while diversifying away from traditional markets Wealth and Asset Management Zenith Bank Shareholders Wealth Increases by N119 billion News Aggregation Team Monday, April 14, 2025 1:00 am http://africa.managersofwealth.com/article/40367/zenith-bank-shareholders-wealth-increases-by-n119-billion Analysts said as the rally is forming, the next entry point will be expensive for late buyers. Wealth and Asset Management FNB Private crowned Africa’s Best Private Bank at the Euromoney Awards News Aggregation Team Friday, April 11, 2025 1:00 am http://africa.managersofwealth.com/article/40354/fnb-private-crowned-africaamprsquos-best-private-bank-at-the-euromoney-awards The bank also claimed top honours in five other categories, reinforcing its leadership in wealth management and private banking. Wealth and Asset Management Standard Bank sweeps Euromoney Private Banking Awards News Aggregation Team Thursday, April 10, 2025 1:00 am http://africa.managersofwealth.com/article/40345/standard-bank-sweeps-euromoney-private-banking-awards With nine wins, including Best Private Bank in Malawi, Tanzania, and Zambia, Standard Bank cemented its leadership in private banking across Africa Wealth and Asset Management RMB takes ‘Best Private Bank in SA’ honours at Euromoney Awards News Aggregation Team Thursday, April 10, 2025 1:00 am http://africa.managersofwealth.com/article/40349/rmb-takes-amplsquobest-private-bank-in-saamprsquo-honours-at-euromoney-awards Along with best for ultra-high-net-worth clients, best for alternative investments, best for succession planning, and best for sustainability. Wealth and Asset Management The city in South Africa where billionaires want to live News Aggregation Team Wednesday, April 09, 2025 1:00 am http://africa.managersofwealth.com/article/40341/the-city-in-south-africa-where-billionaires-want-to-live The wealth group said that centi-millionaires often have an outsized impact on global wealth creation. Wealth and Asset Management The 10 richest people in Africa – and almost half are South African News Aggregation Team Friday, April 04, 2025 1:00 am http://africa.managersofwealth.com/article/40314/the-10-richest-people-in-africa-ampndash-and-almost-half-are-south-african Forbes’ list tracks the wealth of African billionaires who reside in Africa or have their primary business on the continent. Wealth and Asset Management FirstBank targets high-net-worth individuals with new private banking service News Aggregation Team Friday, March 21, 2025 12:00 am http://africa.managersofwealth.com/article/40235/firstbank-targets-high-net-worth-individuals-with-new-private-banking-service This move comes as Ghana’s economy continues to recover from recent debt challenges, with a growing class of wealthy individuals seeking sophisticated financial services. Wealth and Asset Management Liberty appoints Theo Skosana as new CIO News Aggregation Team Friday, May 16, 2025 1:00 am http://africa.managersofwealth.com/article/40522/liberty-appoints-theo-skosana-as-new-cio Prior to his appointment at Liberty, Theo was the CIO of transaction banking, as well as corporate and investment banking at Standard Bank Executive Moves Patrick Dlamini to head up PIC News Aggregation Team Friday, May 16, 2025 1:00 am http://africa.managersofwealth.com/article/40525/patrick-dlamini-to-head-up-pic He will succeed outgoing CEO Abel Sithole, who is retiring. Executive Moves Intellect Appoints Eshmael Mpabanga as Country Head for South Africa News Team Thursday, May 08, 2025 1:00 am http://africa.managersofwealth.com/article/40474/intellect-appoints-eshmael-mpabanga-as-country-head-for-south-africa Eshmael brings over 17 years of vast industry experience and has held senior positions within Banking and some of the world’s most prominent technology organisations. Executive Moves Absa chairman steps down News Aggregation Team Thursday, May 08, 2025 1:00 am http://africa.managersofwealth.com/article/40481/absa-chairman-steps-down He is also a member of the Directors’ Affairs and the Group Audit and Compliance committees and was previously a member of the Board Finance Committee. Executive Moves African Development Bank appoints Mtchera Johannes Chirwa as Director for the Water and Sanitation Department News Team Tuesday, May 06, 2025 1:00 am http://africa.managersofwealth.com/article/40462/african-development-bank-appoints-mtchera-johannes-chirwa-as-director-for-the-water-and-sanitation-department In this role, he led the Bank's support to Africa's economic transformation through identification and promotion of sustainable and integrated solutions across the water value chain and for sanitation. Executive Moves The African Development Bank Group appoints Solomane Koné as director of the African Natural Resources Management and Investment Centre News Team Tuesday, May 06, 2025 1:00 am http://africa.managersofwealth.com/article/40466/the-african-development-bank-group-appoints-solomane-konampeacute-as-director-of-the-african-natural-resources-management-and-investment-centre A citizen of Côte D’Ivoire, Koné had been head of the Bank Group’s regional office for Central Africa since February 2025. Executive Moves African Development Bank Appoints Dr. Bahati Sanga as Acting Senior Director News Team Monday, May 05, 2025 1:00 am http://africa.managersofwealth.com/article/40456/african-development-bank-appoints-dr-bahati-sanga-as-acting-senior-director He currently serves as the Bank’s Division Manager for Business Solutions, overseeing the delivery of digital services supporting operations, regional and country offices, finance, and corporate functions. Executive Moves Rothschild appoints Martin Kingston News Aggregation Team Friday, May 02, 2025 1:00 am http://africa.managersofwealth.com/article/40445/rothschild-appoints-martin-kingston The model would work well where the company had a strong relationship-building strategy. Executive Moves African Development Bank Group Appoints Dr. Kennedy K. Mbekeani as Director General for Southern Africa Region News Team Friday, May 02, 2025 1:00 am http://africa.managersofwealth.com/article/40447/african-development-bank-group-appoints-dr-kennedy-k-mbekeani-as-director-general-for-southern-africa-region Dr. Mbekeani joined the African Development Bank in 2009 as Chief Trade and Regional Integration Officer Executive Moves African Development Bank Appoints Dr. Alex Mubiru as Director General for East Africa News Team Friday, May 02, 2025 1:00 am http://africa.managersofwealth.com/article/40448/african-development-bank-appoints-dr-alex-mubiru-as-director-general-for-east-africa A Ugandan national, Dr. Mubiru brings over 25 years of experience in international development Executive Moves Access Bank faces charges over alleged diversion of N826 million News Aggregation Team Tuesday, May 20, 2025 1:00 am http://africa.managersofwealth.com/article/40543/access-bank-faces-charges-over-alleged-diversion-of-n826-million The charges followed an investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). Legal UBA moves to join suit challenging IBEDC sale News Aggregation Team Tuesday, May 20, 2025 1:00 am http://africa.managersofwealth.com/article/40544/uba-moves-to-join-suit-challenging-ibedc-sale The plaintiff also alleged conflicts of interest and is demanding specific performance of the agreements, recognition by CAC, and N100m in general damages. Legal Norton Rose Fulbright South Africa director Rudolph du Plessis joins The Legal 500 Hall of Fame News Team Friday, April 25, 2025 1:00 am http://africa.managersofwealth.com/article/40404/norton-rose-fulbright-south-africa-director-rudolph-du-plessis-joins-the-legal-500-hall-of-fame This honour is awarded to individuals who have received consistent praise from clients and peers for their continued excellence and leadership in their respective fields. Legal Court orders 54 banks to return N9.3bn stolen by hackers News Aggregation Team Thursday, April 24, 2025 1:00 am http://africa.managersofwealth.com/article/40399/court-orders-54-banks-to-return-n93bn-stolen-by-hackers The stolen funds—amounting to over N9.3bn—were then dispersed across accounts in 54 financial institutions. Legal Meta faces FTC trial with Instagram, WhatsApp breakup at risk News Aggregation Team Monday, April 14, 2025 1:00 am http://africa.managersofwealth.com/article/40365/meta-faces-ftc-trial-with-instagram-whatsapp-breakup-at-risk The FTC argues that Meta’s purchases of Instagram and WhatsApp are ‘killer acquisitions’. Legal Draft bill still contains Vat increases over next two years News Aggregation Team Tuesday, April 08, 2025 1:00 am http://africa.managersofwealth.com/article/40336/draft-bill-still-contains-vat-increases-over-next-two-years The parties that voted in favour of the fiscal framework will have realised this by now Legal Botswana sends strong anti-corruption message with recent audit announcement News Team Friday, March 14, 2025 12:00 am http://africa.managersofwealth.com/article/40194/botswana-sends-strong-anti-corruption-message-with-recent-audit-announcement The president emphasised the need for an independent and reputable international firm to conduct the audit, ensuring the highest standards of competence and ethical integrity. Legal FirstRand CEO Mary Vilakazi on UK court battle and strong earnings News Aggregation Team Friday, March 07, 2025 12:00 am http://africa.managersofwealth.com/article/40153/firstrand-ceo-mary-vilakazi-on-uk-court-battle-and-strong-earnings Case will be argued by an ’eminent’ King’s Counsel, supported by a strong UK legal team. Legal Baker McKenzie Named African Banking & Finance Legal Adviser of the Year News Team Thursday, February 20, 2025 12:00 am http://africa.managersofwealth.com/article/40064/baker-mckenzie-named-african-banking-ampamp-finance-legal-adviser-of-the-year This marks the fourth time in five years that Baker McKenzie has clinched this prestigious title. Legal Former KUSCCO CEO, George Ototo, appears in court after stealing Ksh 82 million News Aggregation Team Tuesday, February 18, 2025 12:00 am http://africa.managersofwealth.com/article/40049/former-kuscco-ceo-george-ototo-appears-in-court-after-stealing-ksh-82-million He has, however, been detained at Muthaiga Police Station until Tuesday when the court is expected to make a bail ruling on all the accused persons. Legal Ghana is the fastest growing mobile money market in Africa – Bawumia News Aggregation Team Monday, May 19, 2025 1:00 am http://africa.managersofwealth.com/article/40538/ghana-is-the-fastest-growing-mobile-money-market-in-africa-ampndash-bawumia “Ghana is the first country in Africa and one of a very few in the world to achieve this type of interoperability between bank accounts and mobile wallets,” Dr. Bawumia stated. FinTech Digital boom drives demand for AI skills News Aggregation Team Friday, May 16, 2025 1:00 am http://africa.managersofwealth.com/article/40527/digital-boom-drives-demand-for-ai-skills The report noted that 90 per cent of surveyed companies are facing negative consequences from the shortage of AI expertise FinTech Meta’s exit may devastate 20m MSMEs – IT firms News Aggregation Team Friday, May 09, 2025 1:00 am http://africa.managersofwealth.com/article/40488/metaamprsquos-exit-may-devastate-20m-msmes-ampndash-it-firms They further noted that such an exit would erode tax revenues and force businesses to seek costly alternatives, as a $290m fine dispute with regulators intensifies. FinTech Why cybercrime is a bigger concern than load shedding in South Africa News Aggregation Team Monday, May 05, 2025 1:00 am http://africa.managersofwealth.com/article/40451/why-cybercrime-is-a-bigger-concern-than-load-shedding-in-south-africa ESET’s bi-annual Threat Report, which collected data between June and November 2024, showed that over 40% of ransomware attacks on the continent occurred in South Africa. FinTech Major win for South African tech company News Aggregation Team Wednesday, April 30, 2025 1:00 am http://africa.managersofwealth.com/article/40434/major-win-for-south-african-tech-company Shareholders also had the option to sell for R7 plus one Novus share, or trade one Mustek share for two Novus shares. FinTech Experts claim central bank digital currency can curb financial crime News Aggregation Team Monday, April 28, 2025 1:00 am http://africa.managersofwealth.com/article/40416/experts-claim-central-bank-digital-currency-can-curb-financial-crime It has all the features of other digital currencies like Bitcoin, except it is regulated by the government. FinTech Government Banks On Use of AI to Reduce Occupational Hazards News Aggregation Team Monday, April 28, 2025 1:00 am http://africa.managersofwealth.com/article/40417/government-banks-on-use-of-ai-to-reduce-occupational-hazards These are the areas that require artificial intelligence so that we relieve the human workers’ burden associated with hazards in their line of work,” said Dr. Muruka. FinTech FNB fraud alert for online shoppers in South Africa News Aggregation Team Thursday, April 17, 2025 1:00 am http://africa.managersofwealth.com/article/40386/fnb-fraud-alert-for-online-shoppers-in-south-africa Some of the most common techniques criminals use include creating fake websites, which use almost identical web addresses or URLs as those customers are used to. FinTech Standard Bank launches Yours247 digital campaign News Aggregation Team Friday, April 11, 2025 1:00 am http://africa.managersofwealth.com/article/40357/standard-bank-launches-yours247-digital-campaign The Digital Platform has incorporated features which will allow those with basic mobile phones to access the bank even in remote areas. FinTech Global mobile money accounts exceed two billion with transaction values reaching $1.6 trillion News Aggregation Team Thursday, April 10, 2025 1:00 am http://africa.managersofwealth.com/article/40350/global-mobile-money-accounts-exceed-two-billion-with-transaction-values-reaching-16-trillion According to the report, transaction volumes and values for mobile money accounts experienced robust double-digit growth in 2024 FinTech Banks’ Profits Rebound, Non-Performing Loans Hit 20-Year High News Aggregation Team Tuesday, May 27, 2025 1:00 am http://africa.managersofwealth.com/article/40573/banksamprsquo-profits-rebound-non-performing-loans-hit-20-year-high Gross NPLs increased by 6.6% Retail Banking African Bank has a new target News Aggregation Team Tuesday, May 27, 2025 1:00 am http://africa.managersofwealth.com/article/40574/african-bank-has-a-new-target The acquisition of Sasfin’s capital equipment finance and commercial property finance division has strengthened the bank’s business and commercial proposition Retail Banking Mobile money transactions in Ghana increase to GH¢365b in April 2025 News Aggregation Team Tuesday, May 27, 2025 1:00 am http://africa.managersofwealth.com/article/40578/mobile-money-transactions-in-ghana-increase-to-ghampcent365b-in-april-2025 This marks a remarkable 80 per cent increase from the GH¢203 billion recorded within the same period last year, signalling accelerated adoption of digital financial services nationwide. Retail Banking Head of G- Money Financial Services wins Fintech Executive of the Year News Aggregation Team Friday, May 23, 2025 1:00 am http://africa.managersofwealth.com/article/40563/head-of-g-money-financial-services-wins-fintech-executive-of-the-year The prestigious accolade recognizes his outstanding contributions to digital transformation, leadership in financial services, and dedication to driving impactful change across the sector. Retail Banking The man running one of South Africa’s fastest growing banks worth R27 billion News Aggregation Team Wednesday, May 21, 2025 1:00 am http://africa.managersofwealth.com/article/40552/the-man-running-one-of-south-africaamprsquos-fastest-growing-banks-worth-r27-billion He left his role as CEO in 2008 but stayed on as a non-executive director until 2012. Retail Banking Capitec competitor spending billions in South Africa News Aggregation Team Wednesday, May 21, 2025 1:00 am http://africa.managersofwealth.com/article/40554/capitec-competitor-spending-billions-in-south-africa The deal marked Africanbank’s entry into the South African business banking sector. Retail Banking Kenya’s Diaspora Remittances Rise to Ksh 63.4 billion in April 2025 News Aggregation Team Monday, May 19, 2025 1:00 am http://africa.managersofwealth.com/article/40532/kenyaamprsquos-diaspora-remittances-rise-to-ksh-634-billion-in-april-2025 Remittance inflows in April 2025 amounted to USD 422.9 million Retail Banking Standard Bank continues to lead the charge in empowering women in property ownership News Aggregation Team Thursday, May 15, 2025 1:00 am http://africa.managersofwealth.com/article/40519/standard-bank-continues-to-lead-the-charge-in-empowering-women-in-property-ownership With a steadfast commitment to ensuring that first-time buyers have access to the necessary funds and facilities, Standard Bank is paving the way for a more inclusive and equitable property market. Retail Banking First Bank motion dismissed by court — GHL News Aggregation Team Thursday, May 15, 2025 1:00 am http://africa.managersofwealth.com/article/40521/first-bank-motion-dismissed-by-court-ampmdash-ghl “The court held.” That the application to withdraw Motions on Notice dated and filed 25″ March, 2025; dated and filed on 28″ March 2025 and dated and filed on 2™ April, 2025 is granted as prayed. Retail Banking Absa Bank relaunches its custody business in Kenya News Aggregation Team Wednesday, May 14, 2025 1:00 am http://africa.managersofwealth.com/article/40507/absa-bank-relaunches-its-custody-business-in-kenya The bank says it aims to cater to a diversified client base, including investment firms, pension funds, and other financial institutions seeking secure asset management solutions. Retail Banking Full List of 17 Licensed Investment Banks Operating in Kenya News Aggregation Team Monday, May 12, 2025 1:00 am http://africa.managersofwealth.com/article/40493/full-list-of-17-licensed-investment-banks-operating-in-kenya Investment banks mainly work with large corporations, institutional investors, and government agencies. Investment Banking SA banks holding their own against offshore lenders, says BDO News Aggregation Team Monday, April 14, 2025 1:00 am http://africa.managersofwealth.com/article/40369/sa-banks-holding-their-own-against-offshore-lenders-says-bdo Standard Bank’s Luvuyo Masinda expects R700bn in public-private investment over the next three years Investment Banking CardinalStone Partners Limited Completes Acquisition of Radix Pension Managers News Team Friday, February 14, 2025 12:00 am http://africa.managersofwealth.com/article/40036/cardinalstone-partners-limited-completes-acquisition-of-radix-pension-managers Following the acquisition, Radix Pension Managers Limited has been rebranded as CardinalStone Pensions Limited, marking a new era of growth and innovation in pension fund administration. Investment Banking 4 banks call it quits in South Africa in 2024 News Aggregation Team Monday, December 09, 2024 12:00 am http://africa.managersofwealth.com/article/39680/4-banks-call-it-quits-in-south-africa-in-2024 The French bank was permitted to conduct business as a bank in South Africa using a branch in 2012, allowing it to offer corporate and investment banking services. Investment Banking FBNQuest Asset Management Wins BAFI Award Excellence News Aggregation Team Wednesday, November 20, 2024 12:00 am http://africa.managersofwealth.com/article/39575/fbnquest-asset-management-wins-bafi-award-excellence The award ceremony, celebrated the outstanding achievements of financial institutions across Nigeria, highlighting those that have demonstrated innovation, excellence, and unwavering commitment to quality service. Investment Banking HSBC leads as MENA’s top earner in investment banking fees News Aggregation Team Tuesday, October 22, 2024 1:00 am http://africa.managersofwealth.com/article/39412/hsbc-leads-as-menaamprsquos-top-earner-in-investment-banking-fees HSBC was followed by Standard Chartered ($56.5 million) and First Abu Dhabi Bank ($56 million) in the league tables Investment Banking HSBC mulls South African exit as European banks pull back News Aggregation Team Wednesday, October 09, 2024 1:00 am http://africa.managersofwealth.com/article/39336/hsbc-mulls-south-african-exit-as-european-banks-pull-back The lender has roots in Asia and has pledged to simplify its global structure, amid a general European retreat from Africa's banking sector. Investment Banking JPMorgan Aims to Expand in Africa and Scandinavia News Aggregation Team Thursday, September 19, 2024 1:00 am http://africa.managersofwealth.com/article/39223/jpmorgan-aims-to-expand-in-africa-and-scandinavia And a report Wednesday from Reuters notes that CEO Jamie Dimon plans to travel to Kenya, Nigeria, South Africa and Ivory Coast next month to boost the bank’s expansion in Africa. Investment Banking African Development Bank At 60: “Today, as in the past, you are part of Africa’s transformation” - Akinwumi Adesina heralds commitment shown by Bank staff in building its thrilling history News Team Tuesday, September 10, 2024 1:00 am http://africa.managersofwealth.com/article/39170/african-development-bank-at-60-ampldquotoday-as-in-the-past-you-are-part-of-africaamprsquos-transformationamprdquo-akinwumi-adesina-heralds-commitment-shown-by-bank-staff-in-building-its-thrilling-history The Bank’s entire ecosystem plays a part in each project. Investment Banking Banks get R80m in fees as Pick n Pay raises R4bn News Aggregation Team Tuesday, August 06, 2024 1:00 am http://africa.managersofwealth.com/article/38973/banks-get-r80m-in-fees-as-pick-n-pay-raises-r4bn Ackerman Investment Holdings subscribes for 64m ‘rights offer shares’ at a total value of more than R1bn. Investment Banking Close call for interest rates in South Africa this week News Aggregation Team Tuesday, May 27, 2025 1:00 am http://africa.managersofwealth.com/article/40575/close-call-for-interest-rates-in-south-africa-this-week This means that the rand itself isn’t strengthening; rather, it is the dollar that is weaker. Alternative Investments R466bn ‘hit’ as National Treasury lowers SA GDP forecast News Aggregation Team Friday, May 23, 2025 1:00 am http://africa.managersofwealth.com/article/40567/r466bn-amplsquohitamprsquo-as-national-treasury-lowers-sa-gdp-forecast ‘This is the main contributor to the projected increase in the country’s debt-to-GDP ratio’ – DG Duncan Pieterse. Alternative Investments EU commits to northern Ghana growth with two new projects News Aggregation Team Friday, May 23, 2025 1:00 am http://africa.managersofwealth.com/article/40570/eu-commits-to-northern-ghana-growth-with-two-new-projects The Better Farming project, funded by the Agence Française de Développement (AFD) and the EU, will be implemented by the Ministry of Food and Agriculture. Alternative Investments Pension assets on an upward trajectory News Team Thursday, May 22, 2025 1:00 am http://africa.managersofwealth.com/article/40555/pension-assets-on-an-upward-trajectory Nigeria’s total pension assets account for just 8.6% of Nigeria’s (FY 2024) GDP. Alternative Investments FPI surge precedes a subdued outlook News Team Thursday, May 22, 2025 1:00 am http://africa.managersofwealth.com/article/40556/fpi-surge-precedes-a-subdued-outlook In Jan ’25, FPI inflows increased 50% m/m to USD1.9bn, making up c.90% of capital inflows and underscoring their significant role in supporting FX liquidity Alternative Investments M/m increase in FAAC distributions in May News Team Thursday, May 22, 2025 1:00 am http://africa.managersofwealth.com/article/40559/mm-increase-in-faac-distributions-in-may The m/m rise was primarily driven by higher exchange rate gains Alternative Investments Early retirement planning made simple News Aggregation Team Wednesday, May 21, 2025 1:00 am http://africa.managersofwealth.com/article/40550/early-retirement-planning-made-simple This simple principle can significantly amplify retirement savings, leading to a more comfortable lifestyle when the time arrives. Alternative Investments Q LINK empowers South African businesses with a connected ecosystem of financial solutions News Aggregation Team Tuesday, May 20, 2025 1:00 am http://africa.managersofwealth.com/article/40541/q-link-empowers-south-african-businesses-with-a-connected-ecosystem-of-financial-solutions From payments, collections, payroll and HR automation to real-time account verification, and data-driven decisioning — Q LINK provides enterprise-grade tools that serve both large corporates and growing SMEs. Alternative Investments 11 Kenyan Companies Ranked Among East Africa’s Top 20 [List] News Aggregation Team Monday, May 19, 2025 1:00 am http://africa.managersofwealth.com/article/40531/11-kenyan-companies-ranked-among-east-africaamprsquos-top-20-list The funds are meant to partly go towards switching its energy use from diesel to renewables, reinforcing its commitment to green business. Alternative Investments Over 66 million Africans Gain Digital Access Owing to African Development Bank Infrastructure Push News Team Monday, May 19, 2025 1:00 am http://africa.managersofwealth.com/article/40537/over-66-million-africans-gain-digital-access-owing-to-african-development-bank-infrastructure-push The achievement comes as Africa faces a critical digital divide— only 12 percent of rural areas have access to digital connectivity—that has hindered economic development and access to essential services. Alternative Investments Inside Absa: How data is shaping Africa’s leading banking group News Aggregation Team Tuesday, May 27, 2025 1:00 am http://africa.managersofwealth.com/article/40572/inside-absa-how-data-is-shaping-africaamprsquos-leading-banking-group Business Insider Africa spoke with Hartnell Ndungi, Chief Data Officer at Absa, one of Africa’s largest banking groups, about how the bank is leveraging data analytics to enhance customer experience. Comment, Analysis & Research Alpha Morgan gets leadership nod 27th May 2025 News Aggregation Team Tuesday, May 27, 2025 1:00 am http://africa.managersofwealth.com/article/40577/alpha-morgan-gets-leadership-nod-27th-may-2025 “Leadership is an essential capacity that drives the next level of growth and transformation,” Adeyemi said. Comment, Analysis & Research South Africa beating the UK for Investec News Aggregation Team Friday, May 23, 2025 1:00 am http://africa.managersofwealth.com/article/40566/south-africa-beating-the-uk-for-investec The group’s revenue was supported by client acquisition and ongoing entrenchment strategies, strong net inflows from discretionary and annuity funds under management, and average interest-earning assets. Comment, Analysis & Research A dip in the gross external reserves in April News Team Thursday, May 22, 2025 1:00 am http://africa.managersofwealth.com/article/40557/a-dip-in-the-gross-external-reserves-in-april The decline reflects a combination of external debt service payments and increased FX sales by the CBN Comment, Analysis & Research A softer inflation reading in April News Team Thursday, May 22, 2025 1:00 am http://africa.managersofwealth.com/article/40558/a-softer-inflation-reading-in-april The more subdued inflation readings relative to last year can be attributed to the rebasing of the CPI that was implemented by the NBS in Jan '25. Comment, Analysis & Research Rogério Zandamela: Mozambique Has International Reserves ‘Well Above Five Months’ Worth of Imports News Aggregation Team Monday, May 19, 2025 1:00 am http://africa.managersofwealth.com/article/40536/rogampeacuterio-zandamela-mozambique-has-international-reserves-amplsquowell-above-five-monthsamprsquo-worth-of-imports The governor forecasts that average annual inflation will remain below 3.5% and should stay in single digits in 2025. Comment, Analysis & Research Good news for interest rates in South Africa could come sooner than expected News Aggregation Team Wednesday, May 14, 2025 1:00 am http://africa.managersofwealth.com/article/40513/good-news-for-interest-rates-in-south-africa-could-come-sooner-than-expected The group concluded a three-day visit to South Africa, and now sees two interest rate cuts for the country this year, coming sooner than many other local analysts predict. Comment, Analysis & Research List of Kenyan Banks with Lowest, Highest Bank Loan Rates News Aggregation Team Monday, May 12, 2025 1:00 am http://africa.managersofwealth.com/article/40492/list-of-kenyan-banks-with-lowest-highest-bank-loan-rates The average loan rate declined by 0.64% after the banking regulator cut the base lending rate by 0.75% to 10% Comment, Analysis & Research South Africans forced to use credit to buy food News Aggregation Team Monday, May 12, 2025 1:00 am http://africa.managersofwealth.com/article/40495/south-africans-forced-to-use-credit-to-buy-food This was revealed in a recent Debt Rescue survey, which assessed the severity of the cost-of-living crisis on households. Comment, Analysis & Research Tinubu bags lifetime African achievement award in Ghana News Aggregation Team Monday, May 12, 2025 1:00 am http://africa.managersofwealth.com/article/40497/tinubu-bags-lifetime-african-achievement-award-in-ghana Bianca Odumegwu-Ojukwu, received the award as special guest of honour during the 25th anniversary of the Millennium Excellence Prize in Kumasi, Ghana. Comment, Analysis & Research SARS nails one taxpayer for R30 million News Aggregation Team Friday, May 23, 2025 1:00 am http://africa.managersofwealth.com/article/40565/sars-nails-one-taxpayer-for-r30-million The taxpayer in question is a successful businessman who owns several companies. Tax South Africa weighs more borrowing after tax hike plan dropped News Aggregation Team Wednesday, May 21, 2025 1:00 am http://africa.managersofwealth.com/article/40548/south-africa-weighs-more-borrowing-after-tax-hike-plan-dropped South Africa’s Finance Minister Enoch Godongwana will deliver his third version of the budget to lawmakers at around 2 p.m. in Cape Town. Tax SA’s fiscal position to watch in Budget 3.0 News Aggregation Team Wednesday, May 21, 2025 1:00 am http://africa.managersofwealth.com/article/40549/saamprsquos-fiscal-position-to-watch-in-budget-30 No new taxes, except a possible fuel levy hike, say analysts. Tax Medical aid tax credits, fuel levies and VAT – what to expect in South Africa’s third budget News Aggregation Team Tuesday, May 20, 2025 1:00 am http://africa.managersofwealth.com/article/40539/medical-aid-tax-credits-fuel-levies-and-vat-ampndash-what-to-expect-in-south-africaamprsquos-third-budget Most budget previews anticipate a much lower growth forecast, a wider budget deficit, sizeable cuts to spending programmes, and a host of smaller tax changes to make ends meet. Tax Google responds to South Africa’s tax threat News Aggregation Team Tuesday, May 20, 2025 1:00 am http://africa.managersofwealth.com/article/40540/google-responds-to-south-africaamprsquos-tax-threat News platforms in South Africa have suffered significant losses over the last decade or so as the distribution of news content has become digital. Tax The Tax-Smart Evolution Of Cape Town As A Global Hub News Aggregation Team Tuesday, May 20, 2025 1:00 am http://africa.managersofwealth.com/article/40546/the-tax-smart-evolution-of-cape-town-as-a-global-hub South Africa’s well-respected tax framework enriched by robust international treaties, creates a transparent and secure environment ripe with opportunities for growth and prosperity in the region. Tax Godongwana says no to wealth tax News Aggregation Team Thursday, May 15, 2025 1:00 am http://africa.managersofwealth.com/article/40516/godongwana-says-no-to-wealth-tax The minister of finance must consider various ways of raising revenue to plug the hole in Budget 3.0, but a wealth tax is not one of them. Tax Taxpayer battling with a crypto tax nightmare for months News Aggregation Team Wednesday, May 14, 2025 1:00 am http://africa.managersofwealth.com/article/40508/taxpayer-battling-with-a-crypto-tax-nightmare-for-months The additional assessment was only placed on his profile at a later stage and could be verified as authentic. Tax Double tax warning for homeowners in one of South Africa’s largest cities News Aggregation Team Thursday, May 01, 2025 1:00 am http://africa.managersofwealth.com/article/40438/double-tax-warning-for-homeowners-in-one-of-south-africaamprsquos-largest-cities This new levy is expected to bring in over half a billion rand, but it will come at a steep cost to residents already struggling with high municipal bills. Tax VAT hike officially suspended in South Africa News Aggregation Team Monday, April 28, 2025 1:00 am http://africa.managersofwealth.com/article/40412/vat-hike-officially-suspended-in-south-africa It ruled that the increase in VAT is suspended pending the passing of legislation regulating the VAT rate. Tax African central banks to join EM peers easing rates News Aggregation Team Tuesday, May 27, 2025 1:00 am http://africa.managersofwealth.com/article/40579/african-central-banks-to-join-em-peers-easing-rates South Africa’s MPC is expected to resume its rate cutting cycle and lower the benchmark rate by 25 basis points to 7.25%. Regulation,Tax & Compliance South Africa to cut spending if tax agency doesn't meet target News Aggregation Team Friday, May 23, 2025 1:00 am http://africa.managersofwealth.com/article/40571/south-africa-to-cut-spending-if-tax-agency-doesnamp039t-meet-target Godongwana made only minor adjustments to the government's spending plans and deficit projections in a third budget presented on Wednesday Regulation,Tax & Compliance Three South African banks hit with sanctions in six months News Aggregation Team Thursday, May 22, 2025 1:00 am http://africa.managersofwealth.com/article/40560/three-south-african-banks-hit-with-sanctions-in-six-months These sanctions often include financial penalties and, in some cases, directives to improve internal systems and controls. Regulation,Tax & Compliance A hold policy decision as expected News Team Thursday, May 22, 2025 1:00 am http://africa.managersofwealth.com/article/40562/a-hold-policy-decision-as-expected The naira has faced additional pressure in recent weeks due to FX liquidity constraints Regulation,Tax & Compliance Ghana cedi appreciates by over 11% against US dollar News Aggregation Team Wednesday, May 21, 2025 1:00 am http://africa.managersofwealth.com/article/40547/ghana-cedi-appreciates-by-over-11-against-us-dollar The Bank of Ghana continues its oversight of these developments. Regulation,Tax & Compliance FG urged to end 50% revenue deductions News Aggregation Team Wednesday, May 21, 2025 1:00 am http://africa.managersofwealth.com/article/40551/fg-urged-to-end-50-revenue-deductions The AIMAN president specifically called for the expedited completion and implementation of the long-delayed AIS Automation project. Regulation,Tax & Compliance SARS is coming after employers in South Africa for these 4 things News Aggregation Team Wednesday, May 21, 2025 1:00 am http://africa.managersofwealth.com/article/40553/sars-is-coming-after-employers-in-south-africa-for-these-4-things In the 2024/25 fiscal year, SARS reported a R81.8 billion (12.6%) increase in net personal income tax collections. Regulation,Tax & Compliance AfDB set for a new president, as Ould Tah gains continental endorsement News Aggregation Team Tuesday, May 20, 2025 1:00 am http://africa.managersofwealth.com/article/40542/afdb-set-for-a-new-president-as-ould-tah-gains-continental-endorsement The search for a new president of Africa’s apex financial institution is officially heating up. Adesina’s tenure is one marked by ambition and accomplishment. Regulation,Tax & Compliance New twist shakes up interest rate expectations in South Africa News Aggregation Team Tuesday, May 20, 2025 1:00 am http://africa.managersofwealth.com/article/40545/new-twist-shakes-up-interest-rate-expectations-in-south-africa This could be enough to be a red flag for the SARB to hold – with talk of lowering South Africa’s inflation target also adding to a more cautious approach. Regulation,Tax & Compliance Access Holdings Sets Benchmark in Fraud Prevention With ₦193.5Bn Tech Investment News Aggregation Team Monday, May 19, 2025 1:00 am http://africa.managersofwealth.com/article/40530/access-holdings-sets-benchmark-in-fraud-prevention-with-1935bn-tech-investment The Group reported a 73% drop in fraud-related losses, falling from ₦6.15 billion in 2023 to just ₦1.64 billion in 2024. Regulation,Tax & Compliance South Africa’s shift from coal to renewables News Aggregation Team Monday, May 12, 2025 1:00 am http://africa.managersofwealth.com/article/40496/south-africaamprsquos-shift-from-coal-to-renewables They committed to providing South Africa with $8.5 billion (R157 billion) to move away from coal to renewable energy. ESG Doubling down on sustainability commitments: six practical solutions to meet the AI challenge News Aggregation Team Thursday, April 10, 2025 1:00 am http://africa.managersofwealth.com/article/40346/doubling-down-on-sustainability-commitments-six-practical-solutions-to-meet-the-ai-challenge Investment in mission-critical infrastructure is fuelling this growth. ESG Nigeria: Firms unveil $500m fund for renewable energy News Aggregation Team Thursday, March 20, 2025 12:00 am http://africa.managersofwealth.com/article/40230/nigeria-firms-unveil-500m-fund-for-renewable-energy This will ensure more reliable and cost-effective power access for Nigerian homes and businesses. ESG Central Africa: EIB reviews financing for $760mln hydro project over DRC war News Aggregation Team Wednesday, March 19, 2025 12:00 am http://africa.managersofwealth.com/article/40224/central-africa-eib-reviews-financing-for-760mln-hydro-project-over-drc-war There are already two smaller hydropower dams on the river. A fourth phase is also being contemplated ESG UN urges Nigeria to adopt strong climate plan for economic growth News Aggregation Team Friday, March 07, 2025 12:00 am http://africa.managersofwealth.com/article/40157/un-urges-nigeria-to-adopt-strong-climate-plan-for-economic-growth He underscored that bold climate action is essential to avoid the devastating effects of global warming while creating substantial human and economic benefits. ESG Nedbank, Norfund acquire stake in SA’s Pele Energy News Aggregation Team Wednesday, March 05, 2025 12:00 am http://africa.managersofwealth.com/article/40143/nedbank-norfund-acquire-stake-in-saamprsquos-pele-energy Wainwright said the transaction creates a platform for Pele to raise more funding. ESG African Development Bank and Germany Announce Major Initiatives in Energy Access, Private Sector Development News Team Thursday, February 13, 2025 12:00 am http://africa.managersofwealth.com/article/40029/african-development-bank-and-germany-announce-major-initiatives-in-energy-access-private-sector-development The partnership will enhance support for the Bank Group’s energy access programs, focusing on implementing National Energy Compacts across member countries. ESG African Development Bank and KPMG present new financing model to leverage Africa’s mineral wealth for accelerated energy transition News Team Wednesday, January 29, 2025 12:00 am http://africa.managersofwealth.com/article/39949/african-development-bank-and-kpmg-present-new-financing-model-to-leverage-africaamprsquos-mineral-wealth-for-accelerated-energy-transition The report concludes by emphasizing the benefits of the new mechanism for both lenders and borrowers ESG World Bank Sets Africa Terms to Win $40 Billion in Power Finance News Aggregation Team Friday, January 17, 2025 12:00 am http://africa.managersofwealth.com/article/39882/world-bank-sets-africa-terms-to-win-40-billion-in-power-finance Thirteen countries will present their plans at a head of state Mission 300 energy summit in Tanzania at the end of this month. ESG Financial sustainable and generational wealth News Aggregation Team Friday, January 10, 2025 12:00 am http://africa.managersofwealth.com/article/39846/financial-sustainable-and-generational-wealth It not only underpins national economic growth but also shapes socio-economic realities and lays the foundation for future generations to prosper. ESG