Managers of Wealth - Africa http://africa.managersofwealth.com/ Sun, 23 Nov 2025 12:13:21 GMT part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP DIFC strengthens global family wealth hub status with new programmes and partnerships News Team Wednesday, 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 planning Wealth and Asset Management Nedbank Private Wealth launches NexLegacy initiatives to tackle the wealth transfer challenge News Aggregation Team Wednesday, 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 Management NCBA shares cheat sheet on generational wealth transfer with customers in Nanyuki News Aggregation Team Tuesday, 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 Management Global Finance Names The World’s Best Private Banks 2026 News Team Monday, 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 Management Sanlam Morocco positions itself in the wealth management market News Aggregation Team Wednesday, 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 management Wealth and Asset Management R253 million payday for billionaire Johann Rupert News Aggregation Team Wednesday, 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 Management South African billionaire Michiel Le Roux gains $87 million from Capitec stake News Aggregation Team Tuesday, 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 Management Citi Wealth releases 2025 Global Family Office Report News Team Tuesday, 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 worldwide Wealth and Asset Management FirstCape selects FNZ as it consolidates JBWere NZ’s wealth management platform and custodian News Team Tuesday, 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 Management South Africa’s hidden ultra-luxury goldmine News Aggregation Team Wednesday, September 10, 2025 1:00 am http://africa.managersofwealth.com/article/41167/south-africaamprsquos-hidden-ultra-luxury-goldmine According to Fortune Business Insights, the global luxury travel market will surpass $2.72 trillion (R48.13 trillion) in 2025 Wealth and Asset Management Santam Insurance appoints Philile Mkhize as new Chief Operating Officer News Aggregation Team Thursday, 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 Moves Deutsche Bank strengthens investment banking team with new DCM director News Aggregation Team Tuesday, 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 division Executive Moves Dr. George Elombi takes over as Afreximbank’s fourth President, pledges deeper impact News Aggregation Team Tuesday, 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 commodities Executive Moves CapitalSage Technology announces Ude as new CEO News Aggregation Team Friday, 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 businesses Executive Moves Julius Baer names Middle East CEO News Aggregation Team Thursday, 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 Moves Ecobank Names Emmanuel Wakili Regional Head of Operations for Central, Eastern, and Southern Africa News Aggregation Team Monday, 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 Moves Philip Owusu-Gyamfi appointed CEO of JUMO Ghana News Aggregation Team Friday, October 10, 2025 1:00 am http://africa.managersofwealth.com/article/41344/philip-owusu-gyamfi-appointed-ceo-of-jumo-ghana His leadership has contributed to scaling JUMO’s AI-driven lending products Executive Moves MiDA Boss now Chief Coordinator for Global Grants News Aggregation Team Friday, September 26, 2025 1:00 am http://africa.managersofwealth.com/article/41264/mida-boss-now-chief-coordinator-for-global-grants The move is intended to streamline and enhance the country’s engagement with major international philanthropic entities. Executive Moves Access Bank appoints new MD News Aggregation Team Friday, September 26, 2025 1:00 am http://africa.managersofwealth.com/article/41270/access-bank-appoints-new-md She succeeds Olumide Olatunji, who has led the bank since 2018 and now transitions into a new executive role in Nigeria within the parent company, Access Bank PLC. Executive Moves Ethiopia Appoints Abiy Ally Eyob Tekalign Central Bank Governor News Aggregation Team Tuesday, September 23, 2025 1:00 am http://africa.managersofwealth.com/article/41245/ethiopia-appoints-abiy-ally-eyob-tekalign-central-bank-governor Tekalign succeeds Mamo Mihretu, who departed his position in early September after leading a series of major economic reforms. Executive Moves Another international giant quits South Africa News Aggregation Team Friday, 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. Legal Cybersecurity Bill aims to protect, not restrict free expression – Mahama News Aggregation Team Monday, 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. Legal Alleged N9.5b debt: Court restrains banks from dealing with Indian businessman, firms News Aggregation Team Friday, 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. Legal South Africa’s most valuable bank in serious trouble News Aggregation Team Friday, 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. Legal Lotus Sues 45 Banks Over N1.3bn Lost To System Failure News Aggregation Team Wednesday, 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. Legal SARS nails one taxpayer for R46 million News Aggregation Team Friday, October 24, 2025 1:00 am http://africa.managersofwealth.com/article/41423/sars-nails-one-taxpayer-for-r46-million The Tax Court agreed with SARS Legal SA Banks Complicit in Enabling Organised Crime News Aggregation Team Friday, October 03, 2025 1:00 am http://africa.managersofwealth.com/article/41308/sa-banks-complicit-in-enabling-organised-crime Yet it was largely dismissed as a procedural hurdle for an otherwise sophisticated and highly regarded system. Legal Fidelity guarantee fund ordered to pay RAF claimant, after attorneys stole payout News Aggregation Team Wednesday, October 01, 2025 1:00 am http://africa.managersofwealth.com/article/41294/fidelity-guarantee-fund-ordered-to-pay-raf-claimant-after-attorneys-stole-payout Fund received 116 claims against Chueu Attorneys valued at R82.7m. SCA says the firm handled 6 000 files with an estimated R6.2bn gross value before its demise. Legal Woolworths fraud warning News Aggregation Team Tuesday, September 09, 2025 1:00 am http://africa.managersofwealth.com/article/41162/woolworths-fraud-warning Criminals often disguise themselves as banks or retailers and contact customers with urgent messages. Legal Court orders six banks to submit Sowore’s account details to IG News Aggregation Team Wednesday, August 27, 2025 1:00 am http://africa.managersofwealth.com/article/41088/court-orders-six-banks-to-submit-soworeamprsquos-account-details-to-ig The Federal High Court in Abuja on Tuesday ordered six banks to provide the Inspector-General of Police with account documents and full transaction details, including inflows and outflows, linked to Omoyele Sowore from January 2024 to date. Justice Emeka Legal TD Africa, Schneider Electric Sign MoU for AI-powered Data Centres News Aggregation Team Friday, November 21, 2025 12:00 am http://africa.managersofwealth.com/article/41584/td-africa-schneider-electric-sign-mou-for-ai-powered-data-centres Chairman of Zinox Group, Leo Stan Ekeh, who signed on behalf of TD Africa, described the partnership as a significant stride towards the nation’s digital evolution. FinTech Firm targets financial access with new app News Aggregation Team Friday, November 21, 2025 12:00 am http://africa.managersofwealth.com/article/41586/firm-targets-financial-access-with-new-app He stated that the concentration of early adopters in the region reflects a demand for fintech tools that are easy to use and locally relevant. FinTech BSB steps up digital shift with new platforms News Aggregation Team Thursday, November 20, 2025 12:00 am http://africa.managersofwealth.com/article/41574/bsb-steps-up-digital-shift-with-new-platforms The bank last week unveiled a refreshed mobile banking app, internet banking platform and an cellphone banking service that now includes bill-payment capabilities. FinTech ADP and SAP Collaborate to Elevate the Global Payroll Experience News Aggregation Team Thursday, November 20, 2025 12:00 am http://africa.managersofwealth.com/article/41581/adp-and-sap-collaborate-to-elevate-the-global-payroll-experience “This achievement is a testament to the power of collaboration and the shared vision between ADP and SAP,” said Frank Smits, senior vice president of ADP Global Payroll. FinTech The evolution of payments in South Africa News Aggregation Team Tuesday, November 18, 2025 12:00 am http://africa.managersofwealth.com/article/41565/the-evolution-of-payments-in-south-africa From cash to crypto, the future isn’t just about transactions – it’s about efficiency, freedom, collaboration and inclusion. FinTech Global fintech player Revolut applies for SA banking licence News Aggregation Team Monday, November 17, 2025 12:00 am http://africa.managersofwealth.com/article/41554/global-fintech-player-revolut-applies-for-sa-banking-licence Group has more than 65m retail customers worldwide. FinTech Honor South Africa says smartphones will unlock the artificial general intelligence era News Aggregation Team Friday, November 14, 2025 12:00 am http://africa.managersofwealth.com/article/41548/honor-south-africa-says-smartphones-will-unlock-the-artificial-general-intelligence-era In this regard, Zhou said Honor offers AI features on its X series, which is aimed at the mass market. FinTech Africa AI in Payments and E-Commerce Market Analysis Report 2025 News Team Thursday, November 13, 2025 12:00 am http://africa.managersofwealth.com/article/41535/africa-ai-in-payments-and-e-commerce-market-analysis-report-2025 AI is rapidly transforming Africa's payments and E-Commerce sectors, with significant growth driven by GenAI innovations in fraud detection and personalized experiences. Despite strong adoption, scaling is limited by governance gaps, infrastructure i FinTech Standard Chartered’s Sheikh Jobe inducted into Technology Hall of Fame News Aggregation Team Thursday, November 13, 2025 12:00 am http://africa.managersofwealth.com/article/41536/standard-charteredamprsquos-sheikh-jobe-inducted-into-technology-hall-of-fame The induction honours Sheikh Jobe’s exceptional contribution to technological innovation and transformation in Ghana and Africa’s financial services sector. FinTech African fintech Moni rebrands to Rank, acquires AjoMoney and Zazzau MFB News Aggregation Team Wednesday, November 12, 2025 12:00 am http://africa.managersofwealth.com/article/41527/african-fintech-moni-rebrands-to-rank-acquires-ajomoney-and-zazzau-mfb Rank is in the process of pivoting from traditional peer-to-peer lending to community-based financial services, leveraging Africa's centuries-old savings traditions through modern technology. FinTech Kenya’s new crypto law faces stress test as Bitcoin ATMs appear in malls News Aggregation Team Thursday, November 20, 2025 12:00 am http://africa.managersofwealth.com/article/41575/kenyaamprsquos-new-crypto-law-faces-stress-test-as-bitcoin-atms-appear-in-malls CoinATMradar data indicates that there are currently only two reported Bitcoin ATMs in Kenya. Retail Banking Capitec under siege News Aggregation Team Thursday, November 20, 2025 12:00 am http://africa.managersofwealth.com/article/41578/capitec-under-siege The profits of the new venture would be split between the retailer and Investec, which focuses on high-net-worth individuals in South Africa. Retail Banking New international bank coming to South Africa News Aggregation Team Tuesday, November 18, 2025 12:00 am http://africa.managersofwealth.com/article/41559/new-international-bank-coming-to-south-africa Revolut said Magomola brings long-standing experience in finance and governance Retail Banking Access, Zenith, FirstBank Lead as 9 Nigerian Banks Post N14.7tn Interest Income in 9 Months News Aggregation Team Monday, November 17, 2025 12:00 am http://africa.managersofwealth.com/article/41552/access-zenith-firstbank-lead-as-9-nigerian-banks-post-n147tn-interest-income-in-9-months Interest income, as defined by the Corporate Finance Institute, refers to the return a company earns from lending activities, whether through customer loans, deposit placements, or investment in fixed-income instruments. Retail Banking H1’25: Fidelity Bank grows gross earnings by 46% to N748.7bn News Aggregation Team Monday, November 17, 2025 12:00 am http://africa.managersofwealth.com/article/41557/h1amprsquo25-fidelity-bank-grows-gross-earnings-by-46-to-n7487bn Highlights of the financial results which was uploaded on the Nigerian Exchange Limited Retail Banking Standard Bank Delivers R1.92bn Equity Financing towards Africa’s Largest Hybrid Renewable Energy Cluster News Aggregation Team Friday, November 14, 2025 12:00 am http://africa.managersofwealth.com/article/41546/standard-bank-delivers-r192bn-equity-financing-towards-africaamprsquos-largest-hybrid-renewable-energy-cluster The proceeds are underpinned by H1’s 49% interest in the Kenhardt hybrid battery and solar risk mitigation projects, which collectively represent Africa’s largest hybrid renewable energy cluster and ranks among the world’s largest. Retail Banking Tharisa signs new $130 million debt facility with Absa and Standard Bank News Aggregation Team Thursday, November 13, 2025 12:00 am http://africa.managersofwealth.com/article/41540/tharisa-signs-new-130-million-debt-facility-with-absa-and-standard-bank The facility comprises a four-year term loan of US$80 million and a revolving ZAR900 million (US$50 million) credit facility. Retail Banking Beware banks’ steep instant payment charges News Aggregation Team Tuesday, November 11, 2025 12:00 am http://africa.managersofwealth.com/article/41518/beware-banksamprsquo-steep-instant-payment-charges You could be charged as much as R50 when paying someone R3 000. Retail Banking African countries need strong development banks News Aggregation Team Tuesday, November 11, 2025 12:00 am http://africa.managersofwealth.com/article/41520/african-countries-need-strong-development-banks How they can push back against narratives to weaken them …. Retail Banking Nine banks pocket N14.7tn interest income in nine months News Aggregation Team Tuesday, November 11, 2025 12:00 am http://africa.managersofwealth.com/article/41525/nine-banks-pocket-n147tn-interest-income-in-nine-months The financial results of Access Holdings revealed that the HoldCo led in absolute figures, as its interest income rose by 21.11 per cent to N2.90tn from N2.39tn in Q3 2024. Retail Banking Ethiopia Adds Fourth Investment Bank as ECMA Licenses Awash Capital News Aggregation Team Thursday, 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 Banking Nedbank CIB crowned Best Investment Bank in SA – three years running News Aggregation Team Monday, 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 Banking Goldman, Investec see room for three SA rate cuts in 2025 News Aggregation Team Thursday, 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 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 African Development Bank Group moves to bridge financing gap with new financial coordination platform News Team Friday, November 21, 2025 12:00 am http://africa.managersofwealth.com/article/41585/african-development-bank-group-moves-to-bridge-financing-gap-with-new-financial-coordination-platform Hann stressed their role in building capacity, citing pipeline development and project preparation facilities within the Bank Group and its presence on the ground. Alternative Investments Afreximbank delivers solid, steady performance for the nine months ended 30 September 2025 News Team Friday, November 21, 2025 12:00 am http://africa.managersofwealth.com/article/41587/afreximbank-delivers-solid-steady-performance-for-the-nine-months-ended-30-september-2025 The Bank’s liquidity position remained strong, with cash and cash equivalents increasing to US$7.6 billion, up from US$4.6 billion in FY2024. Alternative Investments Absa enhances global engagement through B20 report on inclusive trade for MSMEs and women News Aggregation Team Wednesday, November 19, 2025 12:00 am http://africa.managersofwealth.com/article/41566/absa-enhances-global-engagement-through-b20-report-on-inclusive-trade-for-msmes-and-women The report emerged to address urgent calls from the taskforce to formulate policy solutions aimed directly at dismantling the barriers faced by these often marginalised demographics within African economies. Alternative Investments R3.6 billion in pension savings down the drain, and major property problem in Cape Town News Aggregation Team Wednesday, November 19, 2025 12:00 am http://africa.managersofwealth.com/article/41567/r36-billion-in-pension-savings-down-the-drain-and-major-property-problem-in-cape-town Additionally, gold prices declined for the fourth consecutive session, pressured by a stronger dollar and reduced expectations of a US interest rate cut next month. Alternative Investments Qatar and Ghana review trade relations News Aggregation Team Wednesday, November 19, 2025 12:00 am http://africa.managersofwealth.com/article/41571/qatar-and-ghana-review-trade-relations The meeting reviewed the trade and investment relations between the two countries Alternative Investments South Africa’s economy could be R4.5 trillion larger News Aggregation Team Tuesday, November 18, 2025 12:00 am http://africa.managersofwealth.com/article/41558/south-africaamprsquos-economy-could-be-r45-trillion-larger There is a growing narrative that BEE is a failed social experiment, which places a tax on investment that South Africa cannot afford. Alternative Investments PIC seeks sovereign fund partners News Aggregation Team Tuesday, November 18, 2025 12:00 am http://africa.managersofwealth.com/article/41561/pic-seeks-sovereign-fund-partners Dlamini eyes Africa-wide co-investments as SA markets regain momentum. Alternative Investments Unlocking Africa’s financial capital News Aggregation Team Tuesday, November 18, 2025 12:00 am http://africa.managersofwealth.com/article/41563/unlocking-africaamprsquos-financial-capital Sun King, a Kenya-based off-grid solar energy company, recently raised $156 million from African banks, including Stanbic Bank Kenya, ABSA Bank Kenya and Cooperative Bank of Kenya. Alternative Investments Nigeria sees strong FX inflows as investor confidence returns News Aggregation Team Tuesday, November 18, 2025 12:00 am http://africa.managersofwealth.com/article/41564/nigeria-sees-strong-fx-inflows-as-investor-confidence-returns Figures from the FMDQ Exchange show that total inflows into the Nigerian Foreign Exchange Market rose to $5.15bn in October from $3.18bn in September. Alternative Investments Ratings upgrade ‘a positive signal’ ahead of G20/B20 – JSE boss News Aggregation Team Monday, November 17, 2025 12:00 am http://africa.managersofwealth.com/article/41551/ratings-upgrade-amplsquoa-positive-signalamprsquo-ahead-of-g20b20-ampndash-jse-boss But there’s still a lot of work to do for SA to move from ‘junk status’ to investment grade. Alternative Investments Top bankers are the most bullish in a generation News Aggregation Team Friday, 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 & Research Why African banks should lead urban infrastructure projects News Aggregation Team Thursday, 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 & Research South Africa’s unemployment rate is 530% higher than the average G20 country News Aggregation Team Wednesday, 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 & Research The economics of customer service in Ghana's banks: Beyond slogans News Aggregation Team Tuesday, 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 & Research Important information for people wanting to leave South Africa News Aggregation Team Monday, November 17, 2025 12:00 am http://africa.managersofwealth.com/article/41556/important-information-for-people-wanting-to-leave-south-africa The consulting firm noted that for non-residents still registered with SARS, the process now requires two key approvals. Comment, Analysis & Research Ghana’s economy still exposed to external shocks despite recent stability – Standard & Poor’s News Aggregation Team Wednesday, November 12, 2025 12:00 am http://africa.managersofwealth.com/article/41531/ghanaamprsquos-economy-still-exposed-to-external-shocks-despite-recent-stability-ampndash-standard-ampamp-pooramprsquos The report follows S&P’s decision to upgrade Ghana’s sovereign credit rating to B-/B with a stable outlook, citing improved fiscal performance and a better balance of payments position. Comment, Analysis & Research Oxfam reaction to Stiglitz Extraordinary Committee on Inequality Report for South African G20 News Team Tuesday, November 04, 2025 12:00 am http://africa.managersofwealth.com/article/41478/oxfam-reaction-to-stiglitz-extraordinary-committee-on-inequality-report-for-south-african-g20 It will bring the same scientific seriousness and purpose to tackling the inequality crisis as the IPCC does to stopping climate breakdown. Comment, Analysis & Research South Africa’s rich are spending billions on one thing News Aggregation Team Wednesday, October 29, 2025 12:00 am http://africa.managersofwealth.com/article/41449/south-africaamprsquos-rich-are-spending-billions-on-one-thing While tourist numbers are yet to return to their 2019 levels, South Africans are travelling locally and overseas more than ever. Comment, Analysis & Research Why Zimbabwe missed Africa’s top 100 banks list for the second year News Aggregation Team Wednesday, October 29, 2025 12:00 am http://africa.managersofwealth.com/article/41450/why-zimbabwe-missed-africaamprsquos-top-100-banks-list-for-the-second-year 20 countries make ranking Comment, Analysis & Research Innovation is key to Ghana’s security robustness – Deputy Minister News Aggregation Team Tuesday, October 28, 2025 12:00 am http://africa.managersofwealth.com/article/41437/innovation-is-key-to-ghanaamprsquos-security-robustness-ampndash-deputy-minister Ghana must adapt to the changing security environment by embracing research, digital innovation, and cross-sector partnerships that enhanced her resilience and national preparedness, he said. Comment, Analysis & Research Parliament approves $10.46m tax waiver for Tata Consultancy Services News Aggregation Team Wednesday, 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 Ghana Tax Protection of tax bases in the OECD spotlight News Aggregation Team Wednesday, 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. Tax Edward Kieswetter scores R1 trillion haul for SARS News Aggregation Team Tuesday, November 18, 2025 12:00 am http://africa.managersofwealth.com/article/41560/edward-kieswetter-scores-r1-trillion-haul-for-sars Kieswetter was appointed as SARS commissioner in 2019, and his contract was expected to run through to April 2024. Tax VAT could be slashed to 6%, and another major world leader snubs South Africa News Aggregation Team Friday, November 14, 2025 12:00 am http://africa.managersofwealth.com/article/41544/vat-could-be-slashed-to-6-and-another-major-world-leader-snubs-south-africa The rand temporarily dropped below the significant R17/USD mark for the first time since February 2023, reaching 16.955—its strongest level in more than two years. Tax Taxpayers could get a R20 billion ‘gift’ from government if SARS does its job News Aggregation Team Thursday, November 13, 2025 12:00 am http://africa.managersofwealth.com/article/41539/taxpayers-could-get-a-r20-billion-amplsquogiftamprsquo-from-government-if-sars-does-its-job The allocation was intended in part to strengthen debt collection Tax VAT increases on the cards for South Africa News Aggregation Team Wednesday, November 12, 2025 12:00 am http://africa.managersofwealth.com/article/41532/vat-increases-on-the-cards-for-south-africa Godongwana will deliver the delayed mid-term budget following several attempts to pass the initial budget amid outcry over a proposed VAT increase. Tax South African taxpayers only get 5c value for every R1 they pay News Aggregation Team Tuesday, November 11, 2025 12:00 am http://africa.managersofwealth.com/article/41523/south-african-taxpayers-only-get-5c-value-for-every-r1-they-pay An equally staggering statistic is that 1,051 companies paid 72.3% of all company income tax in South Africa. Tax Triple tax for South Africa is coming News Aggregation Team Thursday, November 06, 2025 12:00 am http://africa.managersofwealth.com/article/41499/triple-tax-for-south-africa-is-coming The National Department of Health and Minister Aaron Motsoaledi revealed plans this past week to redirect taxes and adjust medical aid tax credits in South Africa to fund the NHI. Tax SARS nails single taxpayer for R155 million News Aggregation Team Thursday, November 06, 2025 12:00 am http://africa.managersofwealth.com/article/41500/sars-nails-single-taxpayer-for-r155-million In this case, SARS took legal action against the taxpayer and placed their estate under external administration due to insolvency or unpaid debts directly related to the tax liabilities. Tax Big VAT changes coming in South Africa News Aggregation Team Wednesday, November 05, 2025 12:00 am http://africa.managersofwealth.com/article/41490/big-vat-changes-coming-in-south-africa “Well, we know that whenever a politician says taxes are not going to increase, we must understand what they’re telling us—and it’s not the truth.” Tax Investec pays R9 billion to shareholders News Aggregation Team Friday, November 21, 2025 12:00 am http://africa.managersofwealth.com/article/41583/investec-pays-r9-billion-to-shareholders Net interest income (NII) benefited from growth in average lending books and lower cost of funds in Southern Africa. Regulation,Tax & Compliance Reserve Bank cuts interest rates in South Africa News Aggregation Team Friday, November 21, 2025 12:00 am http://africa.managersofwealth.com/article/41588/reserve-bank-cuts-interest-rates-in-south-africa We remain on track to deliver 3% inflation over the medium term. Regulation,Tax & Compliance ACCA warns Ghana’s non-interest banking will fail without strong reporting standards News Aggregation Team Thursday, November 20, 2025 12:00 am http://africa.managersofwealth.com/article/41576/acca-warns-ghanaamprsquos-non-interest-banking-will-fail-without-strong-reporting-standards The professional body says the credibility of the new banking model will depend heavily on how transparent institutions are in explaining their operations to the public. Regulation,Tax & Compliance Allan Gray fraud warning for South Africa News Aggregation Team Thursday, November 20, 2025 12:00 am http://africa.managersofwealth.com/article/41580/allan-gray-fraud-warning-for-south-africa He added that when considering an investment, one should seek to understand how one’s capital will be used to generate returns. Regulation,Tax & Compliance Good news about interest rate cuts this week News Aggregation Team Wednesday, November 19, 2025 12:00 am http://africa.managersofwealth.com/article/41570/good-news-about-interest-rate-cuts-this-week This means budgetary items like social grants and wage increases should follow this new guideline, setting the country up for a much more disciplined path forward. Regulation,Tax & Compliance Banxso and AfriMarkets reborn under different names? News Aggregation Team Monday, November 17, 2025 12:00 am http://africa.managersofwealth.com/article/41553/banxso-and-afrimarkets-reborn-under-different-names UMarketPro and Protea Markets use Mixirite’s FSCA licence, but multiple factors point to links with the banned platforms. Regulation,Tax & Compliance SARS is coming after these targets in South Africa hard News Aggregation Team Friday, November 14, 2025 12:00 am http://africa.managersofwealth.com/article/41547/sars-is-coming-after-these-targets-in-south-africa-hard SARS commissioner Edward Kieswetter said this figure is unacceptably high, and places a severe burden on the national. Regulation,Tax & Compliance Here’s why the Zimbabwe ZiG currency stability is continuing? News Aggregation Team Friday, November 14, 2025 12:00 am http://africa.managersofwealth.com/article/41550/hereamprsquos-why-the-zimbabwe-zig-currency-stability-is-continuing Still, the stability of the Zimbabwe ZiG is not a sign that it will continue doing well Regulation,Tax & Compliance More South African banks should go bankrupt News Aggregation Team Thursday, November 13, 2025 12:00 am http://africa.managersofwealth.com/article/41542/more-south-african-banks-should-go-bankrupt The Prudential Authority enforces rules on capital adequacy, liquidity, and risk management through the Banks Act and Financial Sector Regulation Act. Regulation,Tax & Compliance Good news for the rand News Aggregation Team Tuesday, November 11, 2025 12:00 am http://africa.managersofwealth.com/article/41524/good-news-for-the-rand The wider narrative of the rand’s stronger showing this year has been that it is only trading stronger due to the weaker dollar. Regulation,Tax & Compliance EBRD invests US $40 mil in Infinity to accelerate renewable energy growth across Africa News Team Tuesday, 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 continent ESG Phoenix Group launches 30MW hydropower mining operation in Ethiopia News Team Thursday, 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 target ESG Fidelity Bank invests GH₵1million to boost climate-smart enterprises News Aggregation Team Thursday, 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. ESG Survey shows huge appetite for renewable projects News Aggregation Team Tuesday, 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. ESG Ghana joins regional efforts to attract renewable energy investments News Aggregation Team Thursday, 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 fo ESG Sanlam Investments Renews Sponsorship of Africa’s Green Economy Summit 2026 News Team Friday, 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. ESG LAWMA targets 30% recycling rate by 2030 News Aggregation Team Monday, 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. ESG Calls made for stronger climate action to safeguard WASH infrastructure News Aggregation Team Friday, 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. ESG Africa’s renewable future needs investment, not aid, UN tells global leaders News Aggregation Team Thursday, 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 BusinessAgain, FirstBank wins Nigeria’s Best Bank for ESG at 2025 Euromoney Awards News Aggregation Team Monday, August 04, 2025 1:00 am http://africa.managersofwealth.com/article/40959/businessagain-firstbank-wins-nigeriaamprsquos-best-bank-for-esg-at-2025-euromoney-awards FirstBank’s recognition this year follows significant progress in embedding ESG principles ESG