Managers of Wealth - Africa
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http://africa.managersofwealth.com/assets/images/logo.pngManagers of Wealth - AfricaKohanaPHPEast Africa: Stanchart Moves to Strengthen Wealth and Risk Management in the RegionNews Aggregation TeamThursday, December 04, 2025 12:00 am
http://africa.managersofwealth.com/article/41660/east-africa-stanchart-moves-to-strengthen-wealth-and-risk-management-in-the-region
The collaboration builds on the bank's sponsorship of the annual CFOs East Africa Awards 2025 and introduces a dedicated advisory pathway to help CFOs safeguard and grow both corporate and personal assets.Wealth and Asset ManagementDIFC strengthens global family wealth hub status with new programmes and partnershipsNews TeamWednesday, November 19, 2025 12:00 am
http://africa.managersofwealth.com/article/41568/difc-strengthens-global-family-wealth-hub-status-with-new-programmes-and-partnerships
During the event, DIFC unveiled several landmark initiatives and partnerships set to reinforce Dubai’s position as the MEASA region’s premier destination for family wealth, next-generation leadership and succession planningWealth and Asset ManagementNedbank Private Wealth launches NexLegacy initiatives to tackle the wealth transfer challenge News Aggregation TeamWednesday, November 12, 2025 12:00 am
http://africa.managersofwealth.com/article/41533/nedbank-private-wealth-launches-nexlegacy-initiatives-to-tackle-the-wealth-transfer-challenge
Nedbank Private Wealth is now addressing this issue with the launch of its NexLegacy initiative – an innovative approach designed to teach children* from high-net-worth families how to build, protect, and grow wealth throughout their lives. Wealth and Asset ManagementNCBA shares cheat sheet on generational wealth transfer with customers in NanyukiNews Aggregation TeamTuesday, October 28, 2025 12:00 am
http://africa.managersofwealth.com/article/41439/ncba-shares-cheat-sheet-on-generational-wealth-transfer-with-customers-in-nanyuki
The initiative is central to NCBA’s strategy to strengthen its Platinum Banking and Retail Wealth Management Value Proposition by offering structured advisory services.Wealth and Asset ManagementGlobal Finance Names The World’s Best Private Banks 2026News TeamMonday, October 27, 2025 12:00 am
http://africa.managersofwealth.com/article/41430/global-finance-names-the-worldamprsquos-best-private-banks-2026
Global Finance’s editorial board selected the winners for the Private Bank Awards with input from executives and industry insiders. Wealth and Asset ManagementSanlam Morocco positions itself in the wealth management marketNews Aggregation TeamWednesday, October 15, 2025 1:00 am
http://africa.managersofwealth.com/article/41368/sanlam-morocco-positions-itself-in-the-wealth-management-market
The new offering combines asset management, wealth engineering, private equity, real estate, and discretionary managementWealth and Asset ManagementR253 million payday for billionaire Johann RupertNews Aggregation TeamWednesday, September 24, 2025 1:00 am
http://africa.managersofwealth.com/article/41254/r253-million-payday-for-billionaire-johann-rupert
Rupert has 7,553,865 ordinary shares in the company through a controlled associate and controls 39,056,987 B-shares through Rupert Beleggings Proprietary Limited.Wealth and Asset ManagementSouth African billionaire Michiel Le Roux gains $87 million from Capitec stakeNews Aggregation TeamTuesday, September 23, 2025 1:00 am
http://africa.managersofwealth.com/article/41241/south-african-billionaire-michiel-le-roux-gains-87-million-from-capitec-stake
Capitec Bank co-founder Michiel Le Roux adds $87 million to his wealth after the bank’s stock surge boosts its market value past $24 billion.Wealth and Asset ManagementCiti Wealth releases 2025 Global Family Office ReportNews TeamTuesday, September 23, 2025 1:00 am
http://africa.managersofwealth.com/article/41247/citi-wealth-releases-2025-global-family-office-report
The report was compiled by Citi Wealth’s Global Family Office Group, which works with over 1,800 family offices worldwideWealth and Asset ManagementFirstCape selects FNZ as it consolidates JBWere NZ’s wealth management platform and custodianNews TeamTuesday, September 16, 2025 1:00 am
http://africa.managersofwealth.com/article/41198/firstcape-selects-fnz-as-it-consolidates-jbwere-nzamprsquos-wealth-management-platform-and-custodian
JBWere NZ CEO Craig Patrick says the decision marks a significant step in the long-term strategy to continue delivering client-centric solutions.Wealth and Asset ManagementCMB Appoints MDNews Aggregation TeamTuesday, December 09, 2025 12:00 am
http://africa.managersofwealth.com/article/41679/cmb-appoints-md
He is a fellow of the combined body of the American Institute of Certified Public Accountants and the Chartered Institute of Management Accountants (UK) and honorary fellow member of the Chartered Institute of Bankers of Nigeria.Executive MovesPSG scoops Johann Els as group chief economistNews Aggregation TeamFriday, December 05, 2025 12:00 am
http://africa.managersofwealth.com/article/41668/psg-scoops-johann-els-as-group-chief-economist
Ending his tenure as group chief economist at Old Mutual.Executive MovesFormer Capitec CEO Gerrie Fourie appointed to new roleNews Aggregation TeamTuesday, December 02, 2025 12:00 am
http://africa.managersofwealth.com/article/41637/former-capitec-ceo-gerrie-fourie-appointed-to-new-role
The appointment was effective 27 November 2025Executive MovesCentral Bank appoints resident inspector at Access Bank MozambiqueNews Aggregation TeamTuesday, December 02, 2025 12:00 am
http://africa.managersofwealth.com/article/41642/central-bank-appoints-resident-inspector-at-access-bank-mozambique
“Despite this supervisory action, Banco de Moçambique communicates that Access Bank Moçambique SA remains solid and stable,” it adds.Executive MovesSantam Insurance appoints Philile Mkhize as new Chief Operating OfficerNews Aggregation TeamThursday, November 13, 2025 12:00 am
http://africa.managersofwealth.com/article/41537/santam-insurance-appoints-philile-mkhize-as-new-chief-operating-officer
Throughout her career, she has contributed her expertise to several prominent organizations, including Liberty Group South Africa and Absa Group.Executive MovesDeutsche Bank strengthens investment banking team with new DCM directorNews Aggregation TeamTuesday, November 11, 2025 12:00 am
http://africa.managersofwealth.com/article/41519/deutsche-bank-strengthens-investment-banking-team-with-new-dcm-director
Deutsche Bank, which caters to its clients in CEEMEA from Dubai and London, is actively expanding its Investment Banking divisionExecutive MovesDr. George Elombi takes over as Afreximbank’s fourth President, pledges deeper impactNews Aggregation TeamTuesday, October 28, 2025 12:00 am
http://africa.managersofwealth.com/article/41438/dr-george-elombi-takes-over-as-afreximbankamprsquos-fourth-president-pledges-deeper-impact
He pointed out that the structure of global trade was disfavourable to Africa and therefore, had to change as it was too dependent on the export of commoditiesExecutive MovesCapitalSage Technology announces Ude as new CEONews Aggregation TeamFriday, October 24, 2025 1:00 am
http://africa.managersofwealth.com/article/41428/capitalsage-technology-announces-ude-as-new-ceo
With his appointment, Ude will lead the Group’s financial services businessesExecutive MovesJulius Baer names Middle East CEONews Aggregation TeamThursday, October 23, 2025 1:00 am
http://africa.managersofwealth.com/article/41415/julius-baer-names-middle-east-ceo
The Swiss pure-play has given its current head of Middle East and Africa the additional role of CEO.Executive MovesEcobank Names Emmanuel Wakili Regional Head of Operations for Central, Eastern, and Southern AfricaNews Aggregation TeamMonday, October 13, 2025 1:00 am
http://africa.managersofwealth.com/article/41355/ecobank-names-emmanuel-wakili-regional-head-of-operations-for-central-eastern-and-southern-africa
A Fellow Chartered Certified Accountant (FCCA), Wakili has more than 22 years of experience in banking and finance.Executive MovesDentons strengthens pan-African reach with launch in SenegalNews TeamWednesday, December 03, 2025 12:00 am
http://africa.managersofwealth.com/article/41647/dentons-strengthens-pan-african-reach-with-launch-in-senegal
“Our firms were brought together by a mutual vision for excellence and a deep commitment to delivering world-class legal services,” said Kate Barton, Global CEO.LegalCourt orders N1.07bn payment to ex-Kogi deputy govNews Aggregation TeamTuesday, December 02, 2025 12:00 am
http://africa.managersofwealth.com/article/41639/court-orders-n107bn-payment-to-ex-kogi-deputy-gov
UBA had argued that the money was sourced from the World Bank for environmental projects across northern states and was therefore unavailable to settle the judgment debt.LegalAfrican Development Bank Group debars Yessan Sarlu and Ayitévi Amadote for 18 months for Fraudulent PracticesNews TeamTuesday, December 02, 2025 12:00 am
http://africa.managersofwealth.com/article/41640/african-development-bank-group-debars-yessan-sarlu-and-ayitampeacutevi-amadote-for-18-months-for-fraudulent-practices
During the debarment period, Yessan Sarlu, Mr. Ayitévi Yao Mawulolo Amadote, and all entities under their control will not be eligible to participate in African Development Bank Group-financed activities.LegalAlleged $1b debt claim: First Bank, Access Bank, Zenith Bank MDs risk imprisonment over disobedience of court orderNews Aggregation TeamMonday, November 24, 2025 12:00 am
http://africa.managersofwealth.com/article/41591/alleged-1b-debt-claim-first-bank-access-bank-zenith-bank-mds-risk-imprisonment-over-disobedience-of-court-order
The suit concerns a high-stake dispute involving onshore oil asset and the FSO Ugo Ocha, linked to interests in the OML 42 Joint Venture, in which the Federal Government owns a 55 per cent share.LegalAnother international giant quits South AfricaNews Aggregation TeamFriday, November 14, 2025 12:00 am
http://africa.managersofwealth.com/article/41545/another-international-giant-quits-south-africa
The South African business will become an independent law firm on March 31st 2026, following a structured transition.LegalCybersecurity Bill aims to protect, not restrict free expression – Mahama News Aggregation TeamMonday, November 10, 2025 12:00 am
http://africa.managersofwealth.com/article/41510/cybersecurity-bill-aims-to-protect-not-restrict-free-expression-ampndash-mahama
He said the bills before Parliament were not meant to restrict expression but to safeguard citizens and uphold truth in the digital realm. LegalAlleged N9.5b debt: Court restrains banks from dealing with Indian businessman, firmsNews Aggregation TeamFriday, November 07, 2025 12:00 am
http://africa.managersofwealth.com/article/41507/alleged-n95b-debt-court-restrains-banks-from-dealing-with-indian-businessman-firms
Goswami and his firms are alleged to be indebted to First City Monument Bank (FCMB), Union Bank Plc, and United Capital Trustees Limited.LegalSouth Africa’s most valuable bank in serious troubleNews Aggregation TeamFriday, November 07, 2025 12:00 am
http://africa.managersofwealth.com/article/41508/south-africaamprsquos-most-valuable-bank-in-serious-trouble
FirstRand appealed this ruling to the UK Supreme Court, arguing that motor dealers should not owe fiduciary duties to consumers and that its past practices were compliant with then-existing laws.LegalLotus Sues 45 Banks Over N1.3bn Lost To System FailureNews Aggregation TeamWednesday, October 29, 2025 12:00 am
http://africa.managersofwealth.com/article/41447/lotus-sues-45-banks-over-n13bn-lost-to-system-failure
The bank further claimed that during the period of system failure, 718 customers successfully executed withdrawals and transfers, despite knowing that they did not have sufficient funds in their accounts with the bank.LegalSARS nails one taxpayer for R46 millionNews Aggregation TeamFriday, October 24, 2025 1:00 am
http://africa.managersofwealth.com/article/41423/sars-nails-one-taxpayer-for-r46-million
The Tax Court agreed with SARSLegalOpenAI goes from stock market saviour to burden as AI risks mountNews Aggregation TeamMonday, December 08, 2025 12:00 am
http://africa.managersofwealth.com/article/41674/openai-goes-from-stock-market-saviour-to-burden-as-ai-risks-mount
‘OpenAI was the golden child earlier this year, and Alphabet was looked at in a very different light,’ said Brett Ewing.FinTechAI to reshape 40% of Nigeria’s job skills – Fidelity Bank OfficialNews Aggregation TeamThursday, December 04, 2025 12:00 am
http://africa.managersofwealth.com/article/41653/ai-to-reshape-40-of-nigeriaamprsquos-job-skills-ampndash-fidelity-bank-official
He said that the global economy was undergoing a transformation comparable only to the Industrial Revolution, with AI projected to add $15.7tn to global GDP by 2030FinTechSouth Africa’s top software development company helps businesses scaleNews Aggregation TeamThursday, December 04, 2025 12:00 am
http://africa.managersofwealth.com/article/41654/south-africaamprsquos-top-software-development-company-helps-businesses-scale
Codehesion only employs highly skilled and experienced software engineers, computer scientists, and project managers.FinTechAbsa Launches Three New Digital Payment SolutionsNews Aggregation TeamWednesday, December 03, 2025 12:00 am
http://africa.managersofwealth.com/article/41644/absa-launches-three-new-digital-payment-solutions
This solution empowers customers to manage cross‑border transactions on their own terms, lock in favourable currency rates, and reduce costs, all within a secure, digital-first environment.FinTechShareholders approve merger of MobileMoney Limited, MobileMoney Fintech LimitedNews Aggregation TeamWednesday, December 03, 2025 12:00 am
http://africa.managersofwealth.com/article/41652/shareholders-approve-merger-of-mobilemoney-limited-mobilemoney-fintech-limited
Following the approval from members, the new company will now have two shareholders — MTN Ghana Fintech Trust and MTN Dutch Holdings BV, with the latter being the majority shareholder. FinTechNairobi and Somalia’s securities exchanges partner up to advance CX investment in East AfricaNews TeamMonday, December 01, 2025 12:00 am
http://africa.managersofwealth.com/article/41629/nairobi-and-somaliaamprsquos-securities-exchanges-partner-up-to-advance-cx-investment-in-east-africa
The agreement supports a shared vision of promoting cross-border listings, investor access, capacity-building and regulatory harmonisation across the region.FinTechDiscovery Bank unveils industry-first innovations: crypto trading, AI Security, and expanded rewardsNews Aggregation TeamMonday, December 01, 2025 12:00 am
http://africa.managersofwealth.com/article/41635/discovery-bank-unveils-industry-first-innovations-crypto-trading-ai-security-and-expanded-rewards
These enhancements reflect Discovery Bank’s commitment to delivering a personalised, intelligent banking experience that goes beyond traditional financial services. FinTechSouth Africa flags crypto, stablecoins as new financial riskNews Aggregation TeamWednesday, November 26, 2025 12:00 am
http://africa.managersofwealth.com/article/41608/south-africa-flags-crypto-stablecoins-as-new-financial-risk
South Africa has seen a surge in stablecoin use since 2022.FinTechThe evolution of payments in South Africa: From cash to cryptoNews Aggregation TeamMonday, November 24, 2025 12:00 am
http://africa.managersofwealth.com/article/41589/the-evolution-of-payments-in-south-africa-from-cash-to-crypto
At Binance, we see this evolution as more than just new ways to pay - it represents a fundamental shift toward financial freedom, inclusion, and efficiency.FinTechUAE announces $1bn plan to expand AI infrastructure across AfricaNews Aggregation TeamMonday, November 24, 2025 12:00 am
http://africa.managersofwealth.com/article/41590/uae-announces-1bn-plan-to-expand-ai-infrastructure-across-africa
Abu Dhabi’s wider continental ambitions come as international investigations intensify into the UAE’s role in enabling RSF-led mass killings in SudanFinTechAccess Bank and NBK consolidate women-focused banking under new ‘W Initiative’News Aggregation TeamTuesday, December 09, 2025 12:00 am
http://africa.managersofwealth.com/article/41677/access-bank-and-nbk-consolidate-women-focused-banking-under-new-amplsquow-initiativeamprsquo
The launch marks a significant operational shift for the two lenders—both subsidiaries of Access Bank PLC—as they attempt to streamline their product offerings. Retail BankingHybrid Banks call on NBE to revise NPL limitsNews Aggregation TeamTuesday, December 09, 2025 12:00 am
http://africa.managersofwealth.com/article/41678/hybrid-banks-call-on-nbe-to-revise-npl-limits
They argue that the current uniform 5% NPL cap for all commercial banks stifles lending to the agricultural sector, compromising efforts to expand financial access where it is most needed.Retail BankingUnion Bank MD urges auditors to tackle cyber risksNews Aggregation TeamMonday, December 08, 2025 12:00 am
http://africa.managersofwealth.com/article/41669/union-bank-md-urges-auditors-to-tackle-cyber-risks
With reported losses exceeding N100bn in 2023 alone, and with the country ranked among the top global sources of cyberattacks, the risk landscape has fundamentally changed.Retail BankingStandard Bank grows revenue while keeping costs in checkNews Aggregation TeamMonday, December 08, 2025 12:00 am
http://africa.managersofwealth.com/article/41673/standard-bank-grows-revenue-while-keeping-costs-in-check
In a voluntary trading update, the group said the economic environment across its sub-Saharan African markets showed easing inflation and lower interest rates.Retail BankingTight race between Capitec and Standard Bank for top spot in media rankingsNews Aggregation TeamMonday, December 08, 2025 12:00 am
http://africa.managersofwealth.com/article/41675/tight-race-between-capitec-and-standard-bank-for-top-spot-in-media-rankings
The system uses natural language processing and deep learning for accurate sentiment detection.Retail BankingAgain, UBA Group dominates 2025 Banker AwardsNews Aggregation TeamMonday, December 08, 2025 12:00 am
http://africa.managersofwealth.com/article/41676/again-uba-group-dominates-2025-banker-awards
The UBA Group consistently punches above its weight against its larger African rivals.Retail BankingKCB announces temporary shutdown of key banking servicesNews Aggregation TeamFriday, December 05, 2025 12:00 am
http://africa.managersofwealth.com/article/41663/kcb-announces-temporary-shutdown-of-key-banking-services
The bank apologised to customers for the inconvenience that the disruption may cause.Retail BankingRestructuring hits Big Four bank in South AfricaNews Aggregation TeamThursday, December 04, 2025 12:00 am
http://africa.managersofwealth.com/article/41656/restructuring-hits-big-four-bank-in-south-africa
The restructuring also involves more varied business segments, with RBB now also including Nedbank Insurance and Nedbank Wealth Management.Retail BankingFCMB named Nigeria’s Best SME-Focused BankNews Aggregation TeamWednesday, December 03, 2025 12:00 am
http://africa.managersofwealth.com/article/41648/fcmb-named-nigeriaamprsquos-best-sme-focused-bank
The award selection was based on industry-wide lending data provided by the Central Bank of NigeriaRetail BankingSouth African bank becomes first African bank to plug into China’s cross-border payment systemNews Aggregation TeamTuesday, December 02, 2025 12:00 am
http://africa.managersofwealth.com/article/41636/south-african-bank-becomes-first-african-bank-to-plug-into-chinaamprsquos-cross-border-payment-system
Africa has taken a major step in reshaping how it conducts trade with China after South Africa's Standard Bank became the first African bank to integrate directly with China’s Cross-Border Interbank Payment System, CIPS.Retail BankingRothschild & Co receives two major awards from The BankerNews Aggregation TeamFriday, 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 BankingEthiopia Adds Fourth Investment Bank as ECMA Licenses Awash CapitalNews Aggregation TeamThursday, November 20, 2025 12:00 am
http://africa.managersofwealth.com/article/41577/ethiopia-adds-fourth-investment-bank-as-ecma-licenses-awash-capital
The latest authorisation brings the total number of licensed capital market service providers in Ethiopia to 13, and the number of licensed investment banks to four, as the country continues to build out its nascent capital market industry.Investment BankingNedbank CIB crowned Best Investment Bank in SA – three years runningNews Aggregation TeamMonday, September 22, 2025 1:00 am
http://africa.managersofwealth.com/article/41237/nedbank-cib-crowned-best-investment-bank-in-sa-ampndash-three-years-running
Award reinforces the institution’s role as a trusted partner.Investment BankingGoldman, Investec see room for three SA rate cuts in 2025News Aggregation TeamThursday, July 24, 2025 1:00 am
http://africa.managersofwealth.com/article/40905/goldman-investec-see-room-for-three-sa-rate-cuts-in-2025
Inflation has now been below the 4.5% midpoint of the South African Reserve Bank’s target range, where it prefers to anchor expectations, since August.Investment BankingFull List of 17 Licensed Investment Banks Operating in KenyaNews Aggregation TeamMonday, 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 BankingSA banks holding their own against offshore lenders, says BDONews Aggregation TeamMonday, 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 yearsInvestment BankingCardinalStone Partners Limited Completes Acquisition of Radix Pension ManagersNews TeamFriday, 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 Banking4 banks call it quits in South Africa in 2024News Aggregation TeamMonday, 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 BankingFBNQuest Asset Management Wins BAFI Award Excellence News Aggregation TeamWednesday, 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 BankingHSBC leads as MENA’s top earner in investment banking feesNews Aggregation TeamTuesday, 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 tablesInvestment BankingAbsa is opening the tapsNews Aggregation TeamTuesday, December 09, 2025 12:00 am
http://africa.managersofwealth.com/article/41681/absa-is-opening-the-taps
The group said that it expects stronger growth in non-interest income than in net interest income. Alternative InvestmentsIBM to buy Confluent for $11bn to expand AI servicesNews Aggregation TeamTuesday, December 09, 2025 12:00 am
http://africa.managersofwealth.com/article/41682/ibm-to-buy-confluent-for-11bn-to-expand-ai-services
International Business Machines Corp will pay $31 a share.Alternative InvestmentsAlgeria: African Development Bank Group Approves New 2025–2030 Country Strategy to Support Economic Diversification and Regional IntegrationNews TeamTuesday, December 09, 2025 12:00 am
http://africa.managersofwealth.com/article/41684/algeria-african-development-bank-group-approves-new-2025ampndash2030-country-strategy-to-support-economic-diversification-and-regional-integration
The new strategy marks an important milestone in the partnership between the Bank and the Government of Algeria. Alternative InvestmentsHistorical interest rate change coming for 135,000 homeowners, and R311 million down the drainNews Aggregation TeamMonday, December 08, 2025 12:00 am
http://africa.managersofwealth.com/article/41671/historical-interest-rate-change-coming-for-135000-homeowners-and-r311-million-down-the-drain
On the Johannesburg Stock Exchange, the Top 40 index closed up 1.6%.Alternative InvestmentsBad news for landlords in South AfricaNews Aggregation TeamMonday, December 08, 2025 12:00 am
http://africa.managersofwealth.com/article/41672/bad-news-for-landlords-in-south-africa
Asked why more people are struggling to meet their monthly rentAlternative InvestmentsGallagher Re targets South Africa with latest acquisitionNews Aggregation TeamFriday, December 05, 2025 12:00 am
http://africa.managersofwealth.com/article/41662/gallagher-re-targets-south-africa-with-latest-acquisition
This acquisition represents a strategic opportunity to strengthen our market positionAlternative InvestmentsSouth Africa posts smaller-than-expected current-account deficitNews Aggregation TeamFriday, December 05, 2025 12:00 am
http://africa.managersofwealth.com/article/41665/south-africa-posts-smaller-than-expected-current-account-deficit
Reflecting an improvement in the nation’s terms of trade.Alternative InvestmentsAfrican Development Bank approves landmark $1.78 billion strategy to support transformation of Namibia's economy and create jobsNews TeamFriday, December 05, 2025 12:00 am
http://africa.managersofwealth.com/article/41667/african-development-bank-approves-landmark-178-billion-strategy-to-support-transformation-of-namibiaamp039s-economy-and-create-jobs
Implementation is expected to diversify the economy beyond mining and agriculture, integrate MSMEs into regional value chains, and enhance manufacturing capabilities Alternative InvestmentsBest news for the rand in 25 yearsNews Aggregation TeamThursday, December 04, 2025 12:00 am
http://africa.managersofwealth.com/article/41655/best-news-for-the-rand-in-25-years
The rand often trades as a proxy for emerging-market sentiment, making it vulnerable to sudden price swings, with average realized one-month volatility over the past five years of 13.1%.Alternative InvestmentsNigeria emerges as French investment hub, officials sayNews Aggregation TeamWednesday, December 03, 2025 12:00 am
http://africa.managersofwealth.com/article/41649/nigeria-emerges-as-french-investment-hub-officials-say
He noted that Nigeria’s four largest banks, Access Bank, Zenith Bank, UBA, and First Bank of Nigeria, already have a presence in Paris, facilitating cross-border transactions and project financing.Alternative InvestmentsGDP expected to rebound 4.22% in Q4 –ReportNews Aggregation TeamThursday, December 04, 2025 12:00 am
http://africa.managersofwealth.com/article/41658/gdp-expected-to-rebound-422-in-q4-ampndashreport
Reacting to the economic data, CardinalStone said the dip in the Q3’25 GDP had been anticipated, given softer oil output, a consequence of fading supportive base effects.Comment, Analysis & ResearchBetter days ahead: BoG targets 10% lending rateNews Aggregation TeamThursday, December 04, 2025 12:00 am
http://africa.managersofwealth.com/article/41659/better-days-ahead-bog-targets-10-lending-rate
Already, the cost of borrowing has taken a significant hit, dropping from 30.07 per cent in January 2025 to 22.22 per cent in October 2025. Comment, Analysis & ResearchFour in 10 South Africa Small Firms to Last a Year, Survey FindsNews Aggregation TeamWednesday, December 03, 2025 12:00 am
http://africa.managersofwealth.com/article/41646/four-in-10-south-africa-small-firms-to-last-a-year-survey-finds
Only four in 10 small businesses in South Africa believe they can survive more than a year under current pressures without external help, little changed from the first half of 2025, a survey backed by lender Absa Group Ltd. found.Comment, Analysis & ResearchAnother big win for South AfricaNews Aggregation TeamWednesday, December 03, 2025 12:00 am
http://africa.managersofwealth.com/article/41651/another-big-win-for-south-africa
Key sectors of South Africa’s economy, including auto manufacturing and agriculture, were hit by the tariffs, but readings showed that the impact wasn’t as severe as initially feared.Comment, Analysis & ResearchAccess Bank CEO Roosevelt Ogbonna outlines vision for banking in Africa at Bloomberg SummitNews Aggregation TeamFriday, November 28, 2025 12:00 am
http://africa.managersofwealth.com/article/41621/access-bank-ceo-roosevelt-ogbonna-outlines-vision-for-banking-in-africa-at-bloomberg-summit
Ogbonna further underscored the strategic advantage for African banks as many Western institutions reduce their footprint across the continent. Comment, Analysis & ResearchSouth African billionaire shares his views on Cyril RamaphosaNews Aggregation TeamWednesday, November 26, 2025 12:00 am
http://africa.managersofwealth.com/article/41612/south-african-billionaire-shares-his-views-on-cyril-ramaphosa
The slow economic growth has also led to extremely high unemployment levels, which many economists describe as a crisis.Comment, Analysis & ResearchTop bankers are the most bullish in a generationNews Aggregation TeamFriday, November 21, 2025 12:00 am
http://africa.managersofwealth.com/article/41582/top-bankers-are-the-most-bullish-in-a-generation
The upbeat mood follows a budget update that overshot revenue projections, a credit rating upgrade from S&P Global, and the removal of South Africa from the FATF grey list.Comment, Analysis & ResearchWhy African banks should lead urban infrastructure projectsNews Aggregation TeamThursday, November 20, 2025 12:00 am
http://africa.managersofwealth.com/article/41579/why-african-banks-should-lead-urban-infrastructure-projects
This is key because infrastructure projects are loading African nations with billions of dollars of high-interest debt. Comment, Analysis & ResearchSouth Africa’s unemployment rate is 530% higher than the average G20 countryNews Aggregation TeamWednesday, November 19, 2025 12:00 am
http://africa.managersofwealth.com/article/41569/south-africaamprsquos-unemployment-rate-is-530-higher-than-the-average-g20-country
The G20’s primary purpose is to discuss and coordinate policies aimed at addressing global challenges and enhancing international financial stability.Comment, Analysis & ResearchThe economics of customer service in Ghana's banks: Beyond slogansNews Aggregation TeamTuesday, November 18, 2025 12:00 am
http://africa.managersofwealth.com/article/41562/the-economics-of-customer-service-in-ghanaamp039s-banks-beyond-slogans
The logic behind the need for our banks to treat staff as their first customers is simple and deeply empirical. Comment, Analysis & ResearchSARS cutting a lifeline for these taxpayers in South AfricaNews Aggregation TeamMonday, December 08, 2025 12:00 am
http://africa.managersofwealth.com/article/41670/sars-cutting-a-lifeline-for-these-taxpayers-in-south-africa
These penalties can run up to 200% of the shortfall between what taxpayers declare and what a revised assessment concludes.TaxSARS is coming after these taxpayers hard in South AfricaNews Aggregation TeamWednesday, December 03, 2025 12:00 am
http://africa.managersofwealth.com/article/41650/sars-is-coming-after-these-taxpayers-hard-in-south-africa
The CARF and CRS represent the world’s most comprehensive international tax transparency frameworks, and come into effect from 1 March 2026.TaxMetical Under Pressure, Rising Taxes, and Donor Funds Helping Sustain the StateNews Aggregation TeamMonday, December 01, 2025 12:00 am
http://africa.managersofwealth.com/article/41630/metical-under-pressure-rising-taxes-and-donor-funds-helping-sustain-the-state
On the other, tax collection and the inflow of external donations have strengthened state financing, helping to mitigate immediate fiscal risks.TaxNigeria: Rebuilding fiscal fairness through free zones, VAT, capital gains reformNews Aggregation TeamWednesday, November 26, 2025 12:00 am
http://africa.managersofwealth.com/article/41607/nigeria-rebuilding-fiscal-fairness-through-free-zones-vat-capital-gains-reform
Other African countries were evolving. Kenya pushed its tax-to-GDP ratio to 17 percentTaxOffences and penalties in new Nigerian Tax Act (1)News Aggregation TeamWednesday, November 26, 2025 12:00 am
http://africa.managersofwealth.com/article/41609/offences-and-penalties-in-new-nigerian-tax-act-1
To enforce compliance and effective implementation, some guidelines, including penalties for flouting the laws, have been put in place. Some of the penalties have been outlined below.TaxGovernment proposes a new national tax, and South Africa’s richest city owes Microsoft R344 millionNews Aggregation TeamWednesday, November 26, 2025 12:00 am
http://africa.managersofwealth.com/article/41611/government-proposes-a-new-national-tax-and-south-africaamprsquos-richest-city-owes-microsoft-r344-million
This indicated a potential slowdown in the economy and bolstered market expectations for a rate cut next month.TaxTax ombud’s five-year plan is to gain greater independence from SarsNews Aggregation TeamTuesday, November 25, 2025 12:00 am
http://africa.managersofwealth.com/article/41598/tax-ombudamprsquos-five-year-plan-is-to-gain-greater-independence-from-sars
Critical for credibility and the protection of taxpayer rights.TaxThe 2026 VAT reset: Why your receipt is changing and what it means for your walletNews Aggregation TeamMonday, November 24, 2025 12:00 am
http://africa.managersofwealth.com/article/41596/the-2026-vat-reset-why-your-receipt-is-changing-and-what-it-means-for-your-wallet
The government proposes a radical overhaul of the consumption tax system, raising the VAT threshold and unifying rates.TaxParliament approves $10.46m tax waiver for Tata Consultancy Services News Aggregation TeamWednesday, November 19, 2025 12:00 am
http://africa.managersofwealth.com/article/41572/parliament-approves-1046m-tax-waiver-for-tata-consultancy-services
The adoption of the report paved the way for implementation of the tax waiver, which government insists will benefit GhanaTaxProtection of tax bases in the OECD spotlightNews Aggregation TeamWednesday, November 19, 2025 12:00 am
http://africa.managersofwealth.com/article/41573/protection-of-tax-bases-in-the-oecd-spotlight
Current geopolitical landscape heightens trade uncertainty and fiscal pressures.TaxThousands of jobs in South Africa can be savedNews Aggregation TeamTuesday, December 09, 2025 12:00 am
http://africa.managersofwealth.com/article/41680/thousands-of-jobs-in-south-africa-can-be-saved
As part of the committement, a joint multi-stakeholder task team comprising Eskom, the two producers, and government representatives will be established, with the main focus being on electricity pricing.Regulation,Tax & ComplianceTrack LG funds, demand transparency, Natasha urges Kogi Central residentsNews Aggregation TeamTuesday, December 09, 2025 12:00 am
http://africa.managersofwealth.com/article/41683/track-lg-funds-demand-transparency-natasha-urges-kogi-central-residents
She stressed that citizens must take ownership of governance at the grassroots.Regulation,Tax & ComplianceBanksDTB fined Sh500,000 for data privacy breachNews Aggregation TeamFriday, December 05, 2025 12:00 am
http://africa.managersofwealth.com/article/41664/banksdtb-fined-sh500000-for-data-privacy-breach
The ruling follows a complaint by Aaditi Rajput, who alleged that she had been receiving another customer’s financial statements for nearly three years while losing access to her own bank notifications, causing financial and personal distress.Regulation,Tax & ComplianceSouth Africa’s insurance sector needs fresh thinking in debt fundingNews Aggregation TeamFriday, December 05, 2025 12:00 am
http://africa.managersofwealth.com/article/41666/south-africaamprsquos-insurance-sector-needs-fresh-thinking-in-debt-funding
Insurers have no shortage of ambition – and lenders with innovative debt structures can match that ambition, providing them with the flexibility to grow without compromising policyholder protection.Regulation,Tax & ComplianceNigeria records highest weekly cyberattacks in Africa — ReportNews Aggregation TeamThursday, December 04, 2025 12:00 am
http://africa.managersofwealth.com/article/41657/nigeria-records-highest-weekly-cyberattacks-in-africa-ampmdash-report
The findings highlight a sharp rise in attacks across Africa, driven largely by artificial intelligence-enabled threats.Regulation,Tax & ComplianceMonetary Reform as Blueprint for Sustainable GrowthNews Aggregation TeamTuesday, December 02, 2025 12:00 am
http://africa.managersofwealth.com/article/41643/monetary-reform-as-blueprint-for-sustainable-growth
Yet, amid these headwinds, Nigeria’s reforms have begun to bear fruit, positioning the country as one of Africa’s leading examples of disciplined economic management.Regulation,Tax & ComplianceEcobank Nigeria launches tender offer for outstanding 2026 Eurobond News Aggregation TeamMonday, December 01, 2025 12:00 am
http://africa.managersofwealth.com/article/41632/ecobank-nigeria-launches-tender-offer-for-outstanding-2026-eurobond
The offer, which opened on Friday, 28 November 2025, allows eligible noteholders to tender their securities ahead of the bond’s original maturity date of 16 February 2026.Regulation,Tax & ComplianceStandard Bank Secures First Foreign Bank License in EthiopiaNews Aggregation TeamMonday, December 01, 2025 12:00 am
http://africa.managersofwealth.com/article/41633/standard-bank-secures-first-foreign-bank-license-in-ethiopia
As part of the transition, the central bank has begun re-licensing existing foreign representative offices and reviewing new applications.Regulation,Tax & ComplianceSARS going after major bank for R5 billion, and Eskom’s double-digit electricity price warningNews Aggregation TeamMonday, December 01, 2025 12:00 am
http://africa.managersofwealth.com/article/41634/sars-going-after-major-bank-for-r5-billion-and-eskomamprsquos-double-digit-electricity-price-warning
The rand traded at 17.11 against the dollar, which was about 0.2% stronger than Thursday’s closing rate.Regulation,Tax & ComplianceBanks must step up, our economy can only grow through partnership – Mark Badu AboagyeNews Aggregation TeamFriday, November 28, 2025 12:00 am
http://africa.managersofwealth.com/article/41622/banks-must-step-up-our-economy-can-only-grow-through-partnership-ampndash-mark-badu-aboagye
He noted that for years, banks enjoyed easy profits because Treasury bill rates were high, making government the most attractive borrower on the market.Regulation,Tax & ComplianceAbsa commits R1.7bn to scale renewable power in AfricaNews Aggregation TeamThursday, November 27, 2025 12:00 am
http://africa.managersofwealth.com/article/41615/absa-commits-r17bn-to-scale-renewable-power-in-africa
Three-part funding package to fast-track new solar and battery projects for commercial and industrial sectors.ESGEBRD invests US $40 mil in Infinity to accelerate renewable energy growth across AfricaNews TeamTuesday, November 11, 2025 12:00 am
http://africa.managersofwealth.com/article/41521/ebrd-invests-us-40-mil-in-infinity-to-accelerate-renewable-energy-growth-across-africa
Funds for 3 GW of renewable energy projects to advance clean energy on the continentESGPhoenix Group launches 30MW hydropower mining operation in EthiopiaNews TeamThursday, November 06, 2025 12:00 am
http://africa.managersofwealth.com/article/41501/phoenix-group-launches-30mw-hydropower-mining-operation-in-ethiopia
H.C. Wainwright reaffirms buy rating and AED 3.00 price targetESGFidelity Bank invests GH₵1million to boost climate-smart enterprisesNews Aggregation TeamThursday, October 30, 2025 12:00 am
http://africa.managersofwealth.com/article/41459/fidelity-bank-invests-gh1million-to-boost-climate-smart-enterprises
The initiative, implemented in partnership with Innohub, aims to accelerate the growth of businesses providing innovative solutions in agriculture, environmental sustainability, and technology-driven resilience.ESGSurvey shows huge appetite for renewable projectsNews Aggregation TeamTuesday, October 28, 2025 12:00 am
http://africa.managersofwealth.com/article/41441/survey-shows-huge-appetite-for-renewable-projects
But low daytime demand may spoil the party.ESGGhana joins regional efforts to attract renewable energy investments News Aggregation TeamThursday, October 23, 2025 1:00 am
http://africa.managersofwealth.com/article/41422/ghana-joins-regional-efforts-to-attract-renewable-energy-investments
The two-day forum, jointly organised by the International Renewable Energy Agency (IRENA) and the Government of Sierra Leone, brings together ministers, policymakers, investors, developers, and financiers from across Africa and beyond to unlock funding foESGSanlam Investments Renews Sponsorship of Africa’s Green Economy Summit 2026News TeamFriday, October 17, 2025 1:00 am
http://africa.managersofwealth.com/article/41390/sanlam-investments-renews-sponsorship-of-africaamprsquos-green-economy-summit-2026
The event bridges the gap between investors and project owners, accelerating Africa’s transition to a just and inclusive green economy. ESGLAWMA targets 30% recycling rate by 2030News Aggregation TeamMonday, September 15, 2025 1:00 am
http://africa.managersofwealth.com/article/41195/lawma-targets-30-recycling-rate-by-2030
“Our current recycling rate is between eight and 10 per cent, and we are pushing to achieve 25 to 30 per cent over the next five years,” he stated.ESGCalls made for stronger climate action to safeguard WASH infrastructureNews Aggregation TeamFriday, August 29, 2025 1:00 am
http://africa.managersofwealth.com/article/41108/calls-made-for-stronger-climate-action-to-safeguard-wash-infrastructure
The Minister was speaking at a WASH4Climate Summit, on the theme, “Strengthening WASH Resilience through Climate Vulnerability and Risk Assessment and Local Adaptation Planning,” in Accra.ESGAfrica’s renewable future needs investment, not aid, UN tells global leadersNews Aggregation TeamThursday, August 21, 2025 1:00 am
http://africa.managersofwealth.com/article/41067/africaamprsquos-renewable-future-needs-investment-not-aid-un-tells-global-leaders
Green power in Africa lowers energy costs, diversifies supply chains and accelerates decarbonisation for everyone.ESG