Managers of Wealth - Africa http://africa.managersofwealth.com/ Wed, 10 Dec 2025 04:46:30 GMT part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP East Africa: Stanchart Moves to Strengthen Wealth and Risk Management in the Region News Aggregation Team Thursday, 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 Management 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 CMB Appoints MD News Aggregation Team Tuesday, 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 Moves PSG scoops Johann Els as group chief economist News Aggregation Team Friday, 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 Moves Former Capitec CEO Gerrie Fourie appointed to new role News Aggregation Team Tuesday, 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 2025 Executive Moves Central Bank appoints resident inspector at Access Bank Mozambique News Aggregation Team Tuesday, 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 Moves 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 Dentons strengthens pan-African reach with launch in Senegal News Team Wednesday, 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. Legal Court orders N1.07bn payment to ex-Kogi deputy gov News Aggregation Team Tuesday, 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. Legal African Development Bank Group debars Yessan Sarlu and Ayitévi Amadote for 18 months for Fraudulent Practices News Team Tuesday, 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. Legal Alleged $1b debt claim: First Bank, Access Bank, Zenith Bank MDs risk imprisonment over disobedience of court order News Aggregation Team Monday, 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. Legal 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 OpenAI goes from stock market saviour to burden as AI risks mount News Aggregation Team Monday, 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. FinTech AI to reshape 40% of Nigeria’s job skills – Fidelity Bank Official News Aggregation Team Thursday, 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 2030 FinTech South Africa’s top software development company helps businesses scale News Aggregation Team Thursday, 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. FinTech Absa Launches Three New Digital Payment Solutions News Aggregation Team Wednesday, 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. FinTech Shareholders approve merger of MobileMoney Limited, MobileMoney Fintech Limited News Aggregation Team Wednesday, 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. FinTech Nairobi and Somalia’s securities exchanges partner up to advance CX investment in East Africa News Team Monday, 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. FinTech Discovery Bank unveils industry-first innovations: crypto trading, AI Security, and expanded rewards News Aggregation Team Monday, 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. FinTech South Africa flags crypto, stablecoins as new financial risk News Aggregation Team Wednesday, 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. FinTech The evolution of payments in South Africa: From cash to crypto News Aggregation Team Monday, 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. FinTech UAE announces $1bn plan to expand AI infrastructure across Africa News Aggregation Team Monday, 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 Sudan FinTech Access Bank and NBK consolidate women-focused banking under new ‘W Initiative’ News Aggregation Team Tuesday, 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 Banking Hybrid Banks call on NBE to revise NPL limits News Aggregation Team Tuesday, 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 Banking Union Bank MD urges auditors to tackle cyber risks News Aggregation Team Monday, 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 Banking Standard Bank grows revenue while keeping costs in check News Aggregation Team Monday, 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 Banking Tight race between Capitec and Standard Bank for top spot in media rankings News Aggregation Team Monday, 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 Banking Again, UBA Group dominates 2025 Banker Awards News Aggregation Team Monday, 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 Banking KCB announces temporary shutdown of key banking services News Aggregation Team Friday, 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 Banking Restructuring hits Big Four bank in South Africa News Aggregation Team Thursday, 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 Banking FCMB named Nigeria’s Best SME-Focused Bank News Aggregation Team Wednesday, 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 Nigeria Retail Banking South African bank becomes first African bank to plug into China’s cross-border payment system News Aggregation Team Tuesday, 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 Banking Rothschild & Co receives two major awards from The Banker News Aggregation Team Friday, December 05, 2025 12:00 am http://africa.managersofwealth.com/article/41661/rothschild-ampamp-co-receives-two-major-awards-from-the-banker The judges highlighted our impressive reach across emerging markets, advising on a significant number of transactions and delivering transformative deals, including sovereign restructurings from Sri Lanka to the Bahamas. Investment Banking 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 Absa is opening the taps News Aggregation Team Tuesday, 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 Investments IBM to buy Confluent for $11bn to expand AI services News Aggregation Team Tuesday, 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 Investments Algeria: African Development Bank Group Approves New 2025–2030 Country Strategy to Support Economic Diversification and Regional Integration News Team Tuesday, 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 Investments Historical interest rate change coming for 135,000 homeowners, and R311 million down the drain News Aggregation Team Monday, 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 Investments Bad news for landlords in South Africa News Aggregation Team Monday, 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 rent Alternative Investments Gallagher Re targets South Africa with latest acquisition News Aggregation Team Friday, 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 position Alternative Investments South Africa posts smaller-than-expected current-account deficit News Aggregation Team Friday, 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 Investments African Development Bank approves landmark $1.78 billion strategy to support transformation of Namibia's economy and create jobs News Team Friday, 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 Investments Best news for the rand in 25 years News Aggregation Team Thursday, 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 Investments Nigeria emerges as French investment hub, officials say News Aggregation Team Wednesday, 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 Investments GDP expected to rebound 4.22% in Q4 –Report News Aggregation Team Thursday, 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 & Research Better days ahead: BoG targets 10% lending rate News Aggregation Team Thursday, 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 & Research Four in 10 South Africa Small Firms to Last a Year, Survey Finds News Aggregation Team Wednesday, 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 & Research Another big win for South Africa News Aggregation Team Wednesday, 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 & Research Access Bank CEO Roosevelt Ogbonna outlines vision for banking in Africa at Bloomberg Summit News Aggregation Team Friday, 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 & Research South African billionaire shares his views on Cyril Ramaphosa News Aggregation Team Wednesday, 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 & Research 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 SARS cutting a lifeline for these taxpayers in South Africa News Aggregation Team Monday, 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. Tax SARS is coming after these taxpayers hard in South Africa News Aggregation Team Wednesday, 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. Tax Metical Under Pressure, Rising Taxes, and Donor Funds Helping Sustain the State News Aggregation Team Monday, 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. Tax Nigeria: Rebuilding fiscal fairness through free zones, VAT, capital gains reform News Aggregation Team Wednesday, 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 percent Tax Offences and penalties in new Nigerian Tax Act (1) News Aggregation Team Wednesday, 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. Tax Government proposes a new national tax, and South Africa’s richest city owes Microsoft R344 million News Aggregation Team Wednesday, 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. Tax Tax ombud’s five-year plan is to gain greater independence from Sars News Aggregation Team Tuesday, 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. Tax The 2026 VAT reset: Why your receipt is changing and what it means for your wallet News Aggregation Team Monday, 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. Tax 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 Thousands of jobs in South Africa can be saved News Aggregation Team Tuesday, 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 & Compliance Track LG funds, demand transparency, Natasha urges Kogi Central residents News Aggregation Team Tuesday, 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 & Compliance BanksDTB fined Sh500,000 for data privacy breach News Aggregation Team Friday, 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 & Compliance South Africa’s insurance sector needs fresh thinking in debt funding News Aggregation Team Friday, 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 & Compliance Nigeria records highest weekly cyberattacks in Africa — Report News Aggregation Team Thursday, 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 & Compliance Monetary Reform as Blueprint for Sustainable Growth News Aggregation Team Tuesday, 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 & Compliance Ecobank Nigeria launches tender offer for outstanding 2026 Eurobond News Aggregation Team Monday, 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 & Compliance Standard Bank Secures First Foreign Bank License in Ethiopia News Aggregation Team Monday, 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 & Compliance SARS going after major bank for R5 billion, and Eskom’s double-digit electricity price warning News Aggregation Team Monday, 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 & Compliance Banks must step up, our economy can only grow through partnership – Mark Badu Aboagye News Aggregation Team Friday, 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 & Compliance Absa commits R1.7bn to scale renewable power in Africa News Aggregation Team Thursday, 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. ESG 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