Managers of Wealth - Africa https://africa.managersofwealth.com/ Mon, 01 Sep 2025 18:08:50 BST part of MediaG8way Group https://africa.managersofwealth.com/ https://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Check out the top 10 richest Africans and how they made their money News Aggregation Team Monday, September 01, 2025 1:00 am https://africa.managersofwealth.com/article/41112/check-out-the-top-10-richest-africans-and-how-they-made-their-money A prominent philanthropist, he remains the continent’s defining industrialist, with wealth tied mainly to cement and downstream energy. Wealth and Asset Management Joburg vs Cape Town: Africa’s wealth capitals face off News Aggregation Team Friday, August 29, 2025 1:00 am https://africa.managersofwealth.com/article/41103/joburg-vs-cape-town-africaamprsquos-wealth-capitals-face-off Africa Wealth Report 2025 shows Johannesburg still in the lead – but Cape Town is catching up fast. Wealth and Asset Management Africa Wealth Report 2025: Continent Outpaces Global Growth as New Wealth Hubs Surge News Team Tuesday, August 26, 2025 1:00 am https://africa.managersofwealth.com/article/41078/africa-wealth-report-2025-continent-outpaces-global-growth-as-new-wealth-hubs-surge The continent is currently home to 25 billionaires, 348 centi-millionaires, and 122,500 millionaires Wealth and Asset Management Old Mutual wins best insurance service award News Aggregation Team Wednesday, August 13, 2025 1:00 am https://africa.managersofwealth.com/article/41019/old-mutual-wins-best-insurance-service-award The executive for marketing, public affairs and sustainability at Old Mutual Namibia, Mignon du Preez, said the repeat success in the awards reflects the trust customers have in the company. Wealth and Asset Management The South African giant that sold a bank – then spent R3 billion to launch a new one News Aggregation Team Monday, August 11, 2025 1:00 am https://africa.managersofwealth.com/article/41003/the-south-african-giant-that-sold-a-bank-ampndash-then-spent-r3-billion-to-launch-a-new-one The group said it anticipates an initial loss run rate of R1.1 billion to R1.3 billion, which will reduce as the bank is expected to break even in 2028. Wealth and Asset Management UBS, Rand Merchant Bank lead financial adviser M&A rankings in MEA for H1 2025 News Aggregation Team Tuesday, July 22, 2025 1:00 am https://africa.managersofwealth.com/article/40886/ubs-rand-merchant-bank-lead-financial-adviser-mampampa-rankings-in-mea-for-h1-2025 UBS topped by value, with $1.6bn in advised deals, while Rand Merchant Bank led by volume, with four deals to its credit. Wealth and Asset Management New wealth of top 1% surges by over $33.9 trillion since 2015 News Team Thursday, June 26, 2025 1:00 am https://africa.managersofwealth.com/article/40738/new-wealth-of-top-1-surges-by-over-339-trillion-since-2015 Oxfam’s new analysis examines the failures of a private investor-focused approach to funding development. Wealth and Asset Management Standard Chartered wraps up divestment of Tanzania operations to Access Bank News Aggregation Team Wednesday, June 25, 2025 1:00 am https://africa.managersofwealth.com/article/40730/standard-chartered-wraps-up-divestment-of-tanzania-operations-to-access-bank This handover concludes a strategic divestment announced in April 2022. Wealth and Asset Management South Africa’s newest billionaire CEO cashing in R1.3 billion in shares News Aggregation Team Friday, June 13, 2025 1:00 am https://africa.managersofwealth.com/article/40671/south-africaamprsquos-newest-billionaire-ceo-cashing-in-r13-billion-in-shares The group has now announced the pricing of an underwritten secondary public offering of 1.5 million shares held by Calisto. Wealth and Asset Management AI-Personalised Video Technology News Team Friday, June 06, 2025 1:00 am https://africa.managersofwealth.com/article/40626/ai-personalised-video-technology test Wealth and Asset Management Aurelia Baaba Ofori Odame heads SOEs & Afro-Asia Banking Unit at GCB Bank PLC News Aggregation Team Friday, August 22, 2025 1:00 am https://africa.managersofwealth.com/article/41071/aurelia-baaba-ofori-odame-heads-soes-ampamp-afro-asia-banking-unit-at-gcb-bank-plc The position reflects the Bank’s vision to be a bridge between emerging markets—facilitating capital, trade flows, access to markets and development impact. Executive Moves Charles Molapisi reappointed as MTN South Africa’s group CTIO News Aggregation Team Friday, August 22, 2025 1:00 am https://africa.managersofwealth.com/article/41073/charles-molapisi-reappointed-as-mtn-south-africaamprsquos-group-ctio His focus will be on strengthening MTN’s connectivity, digital infrastructure and fintech strategy execution and delivery. Executive Moves Standard Bank Group Announced Two Significant Leadership Transitions News Aggregation Team Friday, August 22, 2025 1:00 am https://africa.managersofwealth.com/article/41074/standard-bank-group-announced-two-significant-leadership-transitions Under his leadership, the East Africa portfolio—comprising Kenya, Uganda, Tanzania, Malawi, South Sudan, and Ethiopia—emerged as the second most profitable region in the Group. Executive Moves Stanbic Bank Promotes Joshua Oigara To Lead East Africa Operations News Aggregation Team Friday, August 22, 2025 1:00 am https://africa.managersofwealth.com/article/41076/stanbic-bank-promotes-joshua-oigara-to-lead-east-africa-operations He will succeed Patrick Mweheire, whose five-year term concludes on August 31, 2025. Executive Moves Schalk Malan joins Standard Bank's insurance arm News Aggregation Team Friday, August 22, 2025 1:00 am https://africa.managersofwealth.com/article/41077/schalk-malan-joins-standard-bankamp039s-insurance-arm Most notably, he founded and led BrightRock from a start-up to one of South Africa's key risk insurers. Executive Moves Bank of Africa – Rwanda appoints new managing director to spearhead growth, innovation News Team Tuesday, August 19, 2025 1:00 am https://africa.managersofwealth.com/article/41048/bank-of-africa-ampndash-rwanda-appoints-new-managing-director-to-spearhead-growth-innovation This leadership transition reflects the bank’s ongoing commitment to innovation, operational excellence, and advancing Rwanda’s vision for sustainable economic development. Executive Moves Ndidi Okonkwo Nwuneli Appointed African Development Fund Champion News Aggregation Team Tuesday, August 19, 2025 1:00 am https://africa.managersofwealth.com/article/41051/ndidi-okonkwo-nwuneli-appointed-african-development-fund-champion An internationally recognized expert in social innovation and development, Nwuneli has spent more than 25 years advancing equity, food systems transformation, and youth empowerment across Africa. Executive Moves FirstBank appoints Osahon Ogieva as Deputy MD News Aggregation Team Monday, August 18, 2025 1:00 am https://africa.managersofwealth.com/article/41038/firstbank-appoints-osahon-ogieva-as-deputy-md In this role, he successfully led deal origination, high-level negotiations, and complex transaction structuring, contributing to the Bank’s leadership position in Nigeria’s corporate banking sector. Executive Moves The accounting genius who quit one of South Africa’s biggest banks – then came back to lead it News Aggregation Team Monday, August 18, 2025 1:00 am https://africa.managersofwealth.com/article/41045/the-accounting-genius-who-quit-one-of-south-africaamprsquos-biggest-banks-ampndash-then-came-back-to-lead-it RMB primarily represents FirstRand’s group activities in the corporate and institutional segments of South Africa and the broader African continent. Executive Moves Standard Bank CEO to retire by end-2027, strong half-year result boosts shares News Aggregation Team Friday, August 15, 2025 1:00 am https://africa.managersofwealth.com/article/41030/standard-bank-ceo-to-retire-by-end-2027-strong-half-year-result-boosts-shares Shares jumped more than 5% in early trade to hit an all-time high before paring back gains to about 3% by 12.30 GMT. Executive Moves Court orders six banks to submit Sowore’s account details to IG News Aggregation Team Wednesday, August 27, 2025 1:00 am https://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 BudgIT calls out ministry, budget office for violating fiscal transparency law News Aggregation Team Thursday, August 21, 2025 1:00 am https://africa.managersofwealth.com/article/41065/budgit-calls-out-ministry-budget-office-for-violating-fiscal-transparency-law BIRs reports are expected to detail the implementation of the annual budget and offer critical insights into government spending and the delivery of public goods and services. Legal Big storm brewing over new laws for South Africa News Aggregation Team Tuesday, August 12, 2025 1:00 am https://africa.managersofwealth.com/article/41012/big-storm-brewing-over-new-laws-for-south-africa This is specifically related to the admissions policies contained in the laws, which have been a highly controversial aspect of the entire BELA process. Legal Beige Bank: Dame challenges Ayine over GHS10m settlement claim News Aggregation Team Wednesday, July 30, 2025 1:00 am https://africa.managersofwealth.com/article/40939/beige-bank-dame-challenges-ayine-over-ghs10m-settlement-claim However, in a strongly worded response on Tuesday, July 29, Mr. Dame questioned the validity of the claim and demanded documentation to back it. Legal Bad day in home foreclosure court for Nedbank and its lawyers News Aggregation Team Monday, July 21, 2025 1:00 am https://africa.managersofwealth.com/article/40882/bad-day-in-home-foreclosure-court-for-nedbank-and-its-lawyers Lawyers referred to Legal Practice Council for misleading the court. Legal High Court of South Africa develops common law to address jurisdiction over foreign entities News Team Thursday, July 17, 2025 1:00 am https://africa.managersofwealth.com/article/40864/high-court-of-south-africa-develops-common-law-to-address-jurisdiction-over-foreign-entities This judgment marks a significant development in South African common law Legal Two new laws coming for South Africa News Aggregation Team Thursday, July 17, 2025 1:00 am https://africa.managersofwealth.com/article/40869/two-new-laws-coming-for-south-africa The Minister of Justice and Constitutional Development, Mmamoloko Kubayi, has introduced the International Co-operation in Criminal Matters Amendment Bill to parliament. Legal EFCC secures conviction of five Internet fraudsters in Kwara News Aggregation Team Tuesday, July 15, 2025 1:00 am https://africa.managersofwealth.com/article/40851/efcc-secures-conviction-of-five-internet-fraudsters-in-kwara They were arraigned on separate charges before the courts by the EFCC. Legal Court orders forfeiture of assets linked to bank fraud News Aggregation Team Monday, July 14, 2025 1:00 am https://africa.managersofwealth.com/article/40842/court-orders-forfeiture-of-assets-linked-to-bank-fraud The judge gave the order in an application filed by the Economic and Financial Crimes Commission (EFCC). Legal N17.8bn debt: Court freezes Afex commodities’ bank accounts News Aggregation Team Thursday, July 10, 2025 1:00 am https://africa.managersofwealth.com/article/40823/n178bn-debt-court-freezes-afex-commoditiesamprsquo-bank-accounts The court restrained the banks listed as garnishees from tampering with, transferring, or placing any encumbrance on the affected accounts, all of which are linked to Afex’s Bank Verification Numbers. Legal African women have less access to the internet than men – solutions the G20 can champion News Aggregation Team Monday, September 01, 2025 1:00 am https://africa.managersofwealth.com/article/41111/african-women-have-less-access-to-the-internet-than-men-ampndash-solutions-the-g20-can-champion What is the gendered digital divide? FinTech South Africa Sees 86% Surge in Digital Banking Fraud, Losses Near R1.9 Billion News Aggregation Team Monday, September 01, 2025 1:00 am https://africa.managersofwealth.com/article/41116/south-africa-sees-86-surge-in-digital-banking-fraud-losses-near-r19-billion Beyond digital fraud, application fraud has become another major growth area. FinTech ‘Digitisation key to Africa’s sustainable facilities management’ News Aggregation Team Wednesday, August 27, 2025 1:00 am https://africa.managersofwealth.com/article/41089/amplsquodigitisation-key-to-africaamprsquos-sustainable-facilities-managementamprsquo “Such organisations will need to first adopt a central record-keeping system to kickstart their digitisation maturity journey.” FinTech MTN Launches Smarter, Faster, More Secure App to Power South Africa’s Connected Lives News Aggregation Team Tuesday, August 26, 2025 1:00 am https://africa.managersofwealth.com/article/41083/mtn-launches-smarter-faster-more-secure-app-to-power-south-africaamprsquos-connected-lives The result? Customers get to focus on what matters, while MTN ensures your digital infrastructure is future-fit. FinTech Transforming borderless banking across Africa through innovation News Aggregation Team Friday, August 22, 2025 1:00 am https://africa.managersofwealth.com/article/41072/transforming-borderless-banking-across-africa-through-innovation These issues considerably hindered trade, e-commerce, and remittances, affecting both businesses and individuals. FinTech Transforming Borderless Banking Across Africa Through Innovation News Aggregation Team Thursday, August 21, 2025 1:00 am https://africa.managersofwealth.com/article/41062/transforming-borderless-banking-across-africa-through-innovation They enable businesses and individuals to send and receive money across international borders without the limitations and delays that tend to occur within conventional banking systems. FinTech Warning to South Africans banking on their phones News Aggregation Team Wednesday, August 20, 2025 1:00 am https://africa.managersofwealth.com/article/41057/warning-to-south-africans-banking-on-their-phones In a recent column for News24, financial journalist Maya Fisher-French explains how one FNB client lost R118,000 after his phone and wallet were stolen from his car. FinTech Best Consumer Digital Bank Awards in Middle East & Africa 2025 in partnership with Infosys News Team Tuesday, August 19, 2025 1:00 am https://africa.managersofwealth.com/article/41046/best-consumer-digital-bank-awards-in-middle-east-ampamp-africa-2025-in-partnership-with-infosys Only banks that entered the competition were considered for awards FinTech Warning to people who bank online in South Africa News Aggregation Team Monday, August 18, 2025 1:00 am https://africa.managersofwealth.com/article/41044/warning-to-people-who-bank-online-in-south-africa Brouwer explained that with these credentials, fraudsters can access the victim’s online banking profiles to transact and steal their money. FinTech Nedbank to acquire South African fintech firm iKhokha for $94m News Aggregation Team Friday, August 15, 2025 1:00 am https://africa.managersofwealth.com/article/41032/nedbank-to-acquire-south-african-fintech-firm-ikhokha-for-94m Nedbank aims to boost its SME market presence through enhanced digital and inclusive financial services with the acquisition. FinTech Nedbank Commercial delivers banking that builds businesses News Aggregation Team Friday, August 29, 2025 1:00 am https://africa.managersofwealth.com/article/41104/nedbank-commercial-delivers-banking-that-builds-businesses With our data and models we can anticipate what a client might need next and reach out first, says the bank’s Mark Rose. Retail Banking South Africa has a new mobile operator News Aggregation Team Friday, August 29, 2025 1:00 am https://africa.managersofwealth.com/article/41105/south-africa-has-a-new-mobile-operator The system currently has four preset plans that range from 3GB at R169/pm to R499 p/m at 20GB. Retail Banking Capitec is now the most valuable bank in Africa News Aggregation Team Thursday, August 28, 2025 1:00 am https://africa.managersofwealth.com/article/41096/capitec-is-now-the-most-valuable-bank-in-africa South Africa’s biggest bank by customer numbers, Capitec has reported record profits for four straight years. Retail Banking New bank taking on Capitec officially launches in South Africa News Aggregation Team Thursday, August 28, 2025 1:00 am https://africa.managersofwealth.com/article/41097/new-bank-taking-on-capitec-officially-launches-in-south-africa After a soft launch earlier this year, the bank is now officially open to the public. Retail Banking Hammer blow to salaries in South Africa News Aggregation Team Thursday, August 28, 2025 1:00 am https://africa.managersofwealth.com/article/41099/hammer-blow-to-salaries-in-south-africa According to BankservAfrica’s real take-home pay index, or BTPI, real incomes adjusted for inflation fell by 0.9% Retail Banking Fidelity Bank to convene strategic panel on export financing at FNITCC Atlanta 2025 News Aggregation Team Tuesday, August 26, 2025 1:00 am https://africa.managersofwealth.com/article/41080/fidelity-bank-to-convene-strategic-panel-on-export-financing-at-fnitcc-atlanta-2025 FNITCC serves as a bridge to close this gap. Retail Banking How low-interest regime shrunk banks' half-year interest income News Aggregation Team Tuesday, August 26, 2025 1:00 am https://africa.managersofwealth.com/article/41085/how-low-interest-regime-shrunk-banksamp039-half-year-interest-income Particularly, income from loans and advances to customers dropped in the period compared to the previous year. Retail Banking Absa secures regulatory approval to acquire parts of HSBC Mauritius News Aggregation Team Friday, August 22, 2025 1:00 am https://africa.managersofwealth.com/article/41070/absa-secures-regulatory-approval-to-acquire-parts-of-hsbc-mauritius The official transition is planned to begin in the next few weeks. Retail Banking Great news for African Bank customers in South Africa News Aggregation Team Thursday, August 21, 2025 1:00 am https://africa.managersofwealth.com/article/41064/great-news-for-african-bank-customers-in-south-africa The department had been courting the banks since April 2025 to join a new digital-first rollout of Smart ID and passport services to South Africans at large. Retail Banking Letshego Lists New Bond Series on Ghana Fixed Income Market News Aggregation Team Wednesday, August 20, 2025 1:00 am https://africa.managersofwealth.com/article/41054/letshego-lists-new-bond-series-on-ghana-fixed-income-market The listings are part of the company’s larger GHS 500 million medium-term note program, a move designed to raise capital and offer new investment opportunities. Retail Banking Goldman, Investec see room for three SA rate cuts in 2025 News Aggregation Team Thursday, July 24, 2025 1:00 am https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://africa.managersofwealth.com/article/39336/hsbc-mulls-south-african-exit-as-european-banks-pull-back The lender has roots in Asia and has pledged to simplify its global structure, amid a general European retreat from Africa's banking sector. Investment Banking JPMorgan Aims to Expand in Africa and Scandinavia News Aggregation Team Thursday, September 19, 2024 1:00 am https://africa.managersofwealth.com/article/39223/jpmorgan-aims-to-expand-in-africa-and-scandinavia And a report Wednesday from Reuters notes that CEO Jamie Dimon plans to travel to Kenya, Nigeria, South Africa and Ivory Coast next month to boost the bank’s expansion in Africa. Investment Banking African Development Bank At 60: “Today, as in the past, you are part of Africa’s transformation” - Akinwumi Adesina heralds commitment shown by Bank staff in building its thrilling history News Team Tuesday, September 10, 2024 1:00 am https://africa.managersofwealth.com/article/39170/african-development-bank-at-60-ampldquotoday-as-in-the-past-you-are-part-of-africaamprsquos-transformationamprdquo-akinwumi-adesina-heralds-commitment-shown-by-bank-staff-in-building-its-thrilling-history The Bank’s entire ecosystem plays a part in each project. Investment Banking Investors await interim dividends by major banks News Aggregation Team Monday, September 01, 2025 1:00 am https://africa.managersofwealth.com/article/41110/investors-await-interim-dividends-by-major-banks The major banks, also known as systemically important banks, control about three-quarters of the banking industry funds and have significant influence on the stock market, where banks are the most actively traded stocks. Alternative Investments International giant buying South African bank for R2.8 billion News Aggregation Team Monday, September 01, 2025 1:00 am https://africa.managersofwealth.com/article/41113/international-giant-buying-south-african-bank-for-r28-billion Bidvest Bank is a full-service bank that offers foreign exchange, fleet, business and personal financial products. Alternative Investments T-Bills auction shortfall worrying News Aggregation Team Monday, September 01, 2025 1:00 am https://africa.managersofwealth.com/article/41114/t-bills-auction-shortfall-worrying The 182-day bill yield rose to 12.38 per cent from 12.23 per cent the prior week, while the 364-day bill yield declined marginally to 13.00 per cent. Alternative Investments International giant worth R1.9 trillion set to cut South African company News Aggregation Team Monday, September 01, 2025 1:00 am https://africa.managersofwealth.com/article/41117/international-giant-worth-r19-trillion-set-to-cut-south-african-company The company has been a major contributor to KwaZulu-Natal for nearly half a century and is the largest taxpayer in the province. Alternative Investments A m/m rebound in FX supply driven by FPIs News Team Thursday, August 28, 2025 1:00 am https://africa.managersofwealth.com/article/41095/a-mm-rebound-in-fx-supply-driven-by-fpis The recovery, while encouraging, highlights the continued volatility in FX liquidity. Alternative Investments The state of Nigeria’s manufacturing sector News Team Thursday, August 28, 2025 1:00 am https://africa.managersofwealth.com/article/41098/the-state-of-nigeriaamprsquos-manufacturing-sector This disappointing outturn can be attributed to persistent structural challenges Alternative Investments A quiet auction performance in August News Team Thursday, August 28, 2025 1:00 am https://africa.managersofwealth.com/article/41101/a-quiet-auction-performance-in-august This resulted in a bid-to-offer ratio of 1.34x, significantly lower than the 3.76x recorded in the previous month Alternative Investments Absa Bank is Bancassurance Leader at 2025 Insurance Awards News Aggregation Team Wednesday, August 27, 2025 1:00 am https://africa.managersofwealth.com/article/41087/absa-bank-is-bancassurance-leader-at-2025-insurance-awards Absa’s Bancassurance model provides access to life, health, education, motor, and home insurance through its branch network and digital platforms. Alternative Investments South Africans being tricked into debt review News Aggregation Team Wednesday, August 27, 2025 1:00 am https://africa.managersofwealth.com/article/41090/south-africans-being-tricked-into-debt-review Debt review is a legal process designed to assist consumers who are over-indebted. Alternative Investments Bosquet Investments acquires Nedbank Group’s 21.22% ETI shares News Aggregation Team Tuesday, August 26, 2025 1:00 am https://africa.managersofwealth.com/article/41081/bosquet-investments-acquires-nedbank-groupamprsquos-2122-eti-shares The sale follows Nedbank’s decision to realign its strategy towards its core markets in Southern and Eastern Africa where the Group owns and controls businesses. Alternative Investments Stable inflation outlook amid supply side pressures News Team Thursday, August 28, 2025 1:00 am https://africa.managersofwealth.com/article/41094/stable-inflation-outlook-amid-supply-side-pressures Complementing this trend, the share of respondents expecting higher inflation declined to 33.5% in June from 35.9% in May. Comment, Analysis & Research Robust growth in CIT receipts in Q4 2024 News Team Thursday, August 28, 2025 1:00 am https://africa.managersofwealth.com/article/41100/robust-growth-in-cit-receipts-in-q4-2024 The total CIT receipts comprise both domestic and foreign CIT payments, with domestic collections Comment, Analysis & Research Uganda Development Bank Managing Director on the challenges facing DFIs News Aggregation Team Wednesday, August 27, 2025 1:00 am https://africa.managersofwealth.com/article/41086/uganda-development-bank-managing-director-on-the-challenges-facing-dfis Patricia Ojangole speaks to the imperative of low cost and patient capital and effective management in helping to fulfil DFI mandates. Comment, Analysis & Research South Africa kisses over 2,400 millionaires goodbye News Aggregation Team Wednesday, August 27, 2025 1:00 am https://africa.managersofwealth.com/article/41093/south-africa-kisses-over-2400-millionaires-goodbye South Africa remains the largest wealth market on the continent, with 41,100 millionaires, including 112 centi-millionaires and eight billionaires. Comment, Analysis & Research Rising inflation, others endanger $1tn GDP plan — Afrinvest News Aggregation Team Tuesday, August 19, 2025 1:00 am https://africa.managersofwealth.com/article/41053/rising-inflation-others-endanger-1tn-gdp-plan-ampmdash-afrinvest Similarly, projections by the International Monetary Fund and the World Bank place Nigeria’s growth at between 3.4 and 3.6 per cent in 2025, rising marginally to an average of 3.8 per cent by 2026–2027. Comment, Analysis & Research This African country may have just gotten its first dollar billionaire News Aggregation Team Thursday, August 14, 2025 1:00 am https://africa.managersofwealth.com/article/41028/this-african-country-may-have-just-gotten-its-first-dollar-billionaire Estimates of Malawian native, Thom Mpinganjira, bank shares suggest that he may now have over a billion dollars in assets. Comment, Analysis & Research Inflation target change remains on the cards for South Africa News Aggregation Team Monday, August 11, 2025 1:00 am https://africa.managersofwealth.com/article/41005/inflation-target-change-remains-on-the-cards-for-south-africa Kganyago also said that while inflation is expected to tick up in the coming months, it is likely to be temporary and is seen returning to around 3% over the medium term. Comment, Analysis & Research A notable growth in gross external reserves in July News Team Friday, August 08, 2025 1:00 am https://africa.managersofwealth.com/article/40990/a-notable-growth-in-gross-external-reserves-in-july This marks a recovery from the USD1.2bn decline recorded in June Comment, Analysis & Research A softer demand at the DMO’s July auction News Team Wednesday, August 06, 2025 1:00 am https://africa.managersofwealth.com/article/40974/a-softer-demand-at-the-dmoamprsquos-july-auction The decline reflects a more cautious stance among market participants Comment, Analysis & Research IMF maintains cautious optimism amid persistent uncertainty News Team Wednesday, August 06, 2025 1:00 am https://africa.managersofwealth.com/article/40976/imf-maintains-cautious-optimism-amid-persistent-uncertainty The 2025 forecast is 10bps lower than in April, while the 2026 estimate is unchanged. Comment, Analysis & Research SARS going after one group of South Africans hard News Aggregation Team Friday, August 29, 2025 1:00 am https://africa.managersofwealth.com/article/41102/sars-going-after-one-group-of-south-africans-hard Then, SARS sends you a letter demanding months of payslips, payroll reconciliations, proof of foreign taxes paid, travel dates, and even the duration of every international trip you’ve taken. Tax Bigger tax burden awaits SA residents with foreign retirement income News Aggregation Team Friday, August 29, 2025 1:00 am https://africa.managersofwealth.com/article/41109/bigger-tax-burden-awaits-sa-residents-with-foreign-retirement-income Government wants to remove current tax exemption on pension payouts. Tax GRA moves to recover GH¢47m in unpaid taxes from state institutions News Aggregation Team Wednesday, August 27, 2025 1:00 am https://africa.managersofwealth.com/article/41092/gra-moves-to-recover-ghampcent47m-in-unpaid-taxes-from-state-institutions Mr Sarpong emphasized that the authority was committed to improving tax compliance across all sectors. Tax SARS has a new target in South Africa News Aggregation Team Tuesday, August 26, 2025 1:00 am https://africa.managersofwealth.com/article/41082/sars-has-a-new-target-in-south-africa “Influencers are people who make money out of having a lot of followers on the various social media channels on which they post content. Tax Why Q3 is the smartest time to tackle tax debt in South Africa? News Aggregation Team Thursday, August 21, 2025 1:00 am https://africa.managersofwealth.com/article/41068/why-q3-is-the-smartest-time-to-tackle-tax-debt-in-south-africa But acting now, rather than later, can give you a financial and legal advantage that is difficult to replicate in other periods. Tax SARS announces more tax return changes for 2025 News Aggregation Team Wednesday, August 20, 2025 1:00 am https://africa.managersofwealth.com/article/41060/sars-announces-more-tax-return-changes-for-2025 SARS has now implemented an “interim solution” to activate this part of the tax return, introduced via the SARS Online Query System. Tax Treasury shuts door on ‘honest mistakes’ as tax penalty rules tighten News Aggregation Team Tuesday, August 19, 2025 1:00 am https://africa.managersofwealth.com/article/41049/treasury-shuts-door-on-amplsquohonest-mistakesamprsquo-as-tax-penalty-rules-tighten Treasury publishes proposals to tighten tax laws Tax SARS is coming after these retirement funds with new laws News Aggregation Team Tuesday, August 19, 2025 1:00 am https://africa.managersofwealth.com/article/41052/sars-is-coming-after-these-retirement-funds-with-new-laws This will impact any South Africans who have worked abroad and accumulated foreign retirement funds, or foreign nationals who have become tax resident in South Africa. Tax A marked improvement in VAT revenue News Team Thursday, August 14, 2025 1:00 am https://africa.managersofwealth.com/article/41024/a-marked-improvement-in-vat-revenue As expected, domestic VAT, up 46% y/y to NGN917bn Tax South Africa's richest woman Magda Wierzycka considers returning due to UK tax changes News Aggregation Team Monday, August 11, 2025 1:00 am https://africa.managersofwealth.com/article/41004/south-africaamp039s-richest-woman-magda-wierzycka-considers-returning-due-to-uk-tax-changes Wierzycka has said that these policies could force her to relocate back to South Africa. Tax Swearing-in Ceremony of the New President of the African Development Bank - Exceptional Coverage by AFRICA24 News Team Monday, September 01, 2025 1:00 am https://africa.managersofwealth.com/article/41115/swearing-in-ceremony-of-the-new-president-of-the-african-development-bank-exceptional-coverage-by-africa24 Africa24 will provide a full coverage of this historic ceremony and the related events surrounding the inauguration of the new president, offering its viewers exclusive insights into the key issues and prospects of this major transition. Regulation,Tax & Compliance Goodbye cash – Reserve Bank wants full control of South Africa’s instant payment system News Aggregation Team Friday, August 29, 2025 1:00 am https://africa.managersofwealth.com/article/41106/goodbye-cash-ampndash-reserve-bank-wants-full-control-of-south-africaamprsquos-instant-payment-system The Competition Commission has recommended that the Competition Tribunal approve the acquisition of BankservAfrica by the South African Reserve Bank (SARB), without conditions. Regulation,Tax & Compliance Bank of Ghana issues new forex guidelines for importers News Aggregation Team Friday, August 29, 2025 1:00 am https://africa.managersofwealth.com/article/41107/bank-of-ghana-issues-new-forex-guidelines-for-importers A key highlight of the amendment specifically targets importers, who must now provide a comprehensive set of endorsed documents to support any foreign currency transactions related to their business. Regulation,Tax & Compliance CAGD to collaborate with OSP to prosecute payroll irregularities News Aggregation Team Wednesday, August 27, 2025 1:00 am https://africa.managersofwealth.com/article/41091/cagd-to-collaborate-with-osp-to-prosecute-payroll-irregularities This move followed concerns raised by the Public Accounts Committee (PAC) of Parliament about financial irregularities, including unearned salaries and overpayment of salaries, as cited in the 2024 Auditor-General’s report. Regulation,Tax & Compliance Contractors must prepare for South Africa’s Draft Carbon Budget and Mitigation Planning Regulations News Team Tuesday, August 26, 2025 1:00 am https://africa.managersofwealth.com/article/41079/contractors-must-prepare-for-south-africaamprsquos-draft-carbon-budget-and-mitigation-planning-regulations The Draft Regulations aim to institutionalise carbon budgeting and mitigation planning for emitters that produce 30,000 tons or more of declared greenhouse gas emissions per year. Regulation,Tax & Compliance ‘Good governance key as insurance firms recapitalise’ News Aggregation Team Tuesday, August 26, 2025 1:00 am https://africa.managersofwealth.com/article/41084/amplsquogood-governance-key-as-insurance-firms-recapitaliseamprsquo The Nigerian Insurance Industry Reform Act 2025, signed into law, has mandated new capital thresholds for insurance players. Regulation,Tax & Compliance South African banks are closing the taps News Aggregation Team Thursday, August 21, 2025 1:00 am https://africa.managersofwealth.com/article/41063/south-african-banks-are-closing-the-taps The tightening of credit comes as companies increasingly require funding to adapt to climate-related challenges and shift towards a low-carbon economy. Regulation,Tax & Compliance National Minimum Wage changes for South Africa are coming News Aggregation Team Wednesday, August 20, 2025 1:00 am https://africa.managersofwealth.com/article/41056/national-minimum-wage-changes-for-south-africa-are-coming The National Minimum Wage is the lowest remuneration rate that employers are obligated and legally permitted to pay their employees for each ordinary hour worked. Regulation,Tax & Compliance PenCom warns PFAs against investing in banks’ AT1 capital News Aggregation Team Wednesday, August 20, 2025 1:00 am https://africa.managersofwealth.com/article/41058/pencom-warns-pfas-against-investing-in-banksamprsquo-at1-capital According to the PenCom’s regulation on investment of pension fund assets, PFAs have guidelines as to where they can invest. Regulation,Tax & Compliance Ghana Faces Tough Choices on Jobs as World Bank Urges Policy Shift News Aggregation Team Monday, August 18, 2025 1:00 am https://africa.managersofwealth.com/article/41041/ghana-faces-tough-choices-on-jobs-as-world-bank-urges-policy-shift The findings come from the Bank’s latest Ghana Economic Update, which spotlights the nation’s persistent labour market challenges. Regulation,Tax & Compliance Calls made for stronger climate action to safeguard WASH infrastructure News Aggregation Team Friday, August 29, 2025 1:00 am https://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 https://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 https://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 FG attracts $791.49m CNG investments in two months – Report News Aggregation Team Thursday, July 31, 2025 1:00 am https://africa.managersofwealth.com/article/40946/fg-attracts-79149m-cng-investments-in-two-months-ampndash-report The document revealed that over 1,440 vehicles have so far been converted across 20 states ESG Towards an African ESG framework for critical minerals: Morocco paves the way for a sovereign green transition News Aggregation Team Friday, July 25, 2025 1:00 am https://africa.managersofwealth.com/article/40915/towards-an-african-esg-framework-for-critical-minerals-morocco-paves-the-way-for-a-sovereign-green-transition Under the new offering, Standard Chartered, as an independent escrow agent or account bank, will hold deposits and ensure that the funds are aligned with the bank’s portfolio of green and sustainable loans and projects ESG Ecobank commits to environmental sustainability News Aggregation Team Wednesday, July 09, 2025 1:00 am https://africa.managersofwealth.com/article/40819/ecobank-commits-to-environmental-sustainability Sustainability is at the core of Ecobank’s vision of building a world-class pan-African bank that contributes to the economic development and financial integration of Africa. ESG Climate change has doubled the world’s heatwaves News Aggregation Team Friday, July 04, 2025 1:00 am https://africa.managersofwealth.com/article/40791/climate-change-has-doubled-the-worldamprsquos-heatwaves The research also identified 67 extreme heat events that were influenced by climate change. ESG South Africa: Standard Bank finances AIIM-backed NOA’s clean power projects News Aggregation Team Wednesday, July 02, 2025 1:00 am https://africa.managersofwealth.com/article/40775/south-africa-standard-bank-finances-aiim-backed-noaamprsquos-clean-power-projects Through strategic project financing and structured financing solutions, the bank is enabling NOA to rapidly scale its renewable energy portfolio. ESG Absa’s Mauritius unit to nearly quadruple green loans by 2030 News Aggregation Team Monday, June 30, 2025 1:00 am https://africa.managersofwealth.com/article/40760/absaamprsquos-mauritius-unit-to-nearly-quadruple-green-loans-by-2030 Mauritius has set an ambitious target to cut greenhouse gas emissions by 40% by 2030 to curb the effects of global warming. ESG Carbon Markets Africa Summit: Unlocking Africa’s Carbon Wealth Through Integrity, Action and ... News Aggregation Team Friday, June 20, 2025 1:00 am https://africa.managersofwealth.com/article/40713/carbon-markets-africa-summit-unlocking-africaamprsquos-carbon-wealth-through-integrity-action-and Carbon markets are quickly becoming one of Africa’s most promising opportunities for climate finance ESG