Managers of Wealth - Africa https://africa.managersofwealth.com/ Thu, 10 Jul 2025 15:34:00 BST part of MediaG8way Group https://africa.managersofwealth.com/ https://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP 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 National wealth and growth – Everest Wealth’s next chapter News Aggregation Team Tuesday, May 27, 2025 1:00 am https://africa.managersofwealth.com/article/40576/national-wealth-and-growth-ampndash-everest-wealthamprsquos-next-chapter The Johannesburg Stock Exchange (JSE), for example, had around 600 listed companies nearly three decades ago – today, that number has more than halved. Wealth and Asset Management South Africa officially has a new dollar billionaire News Aggregation Team Friday, May 23, 2025 1:00 am https://africa.managersofwealth.com/article/40564/south-africa-officially-has-a-new-dollar-billionaire Its global expansion has also been extensive. Wealth and Asset Management Private credit and tomorrow’s wealth: Earning returns while powering South Africa’s growth News Aggregation Team Thursday, April 24, 2025 1:00 am https://africa.managersofwealth.com/article/40393/private-credit-and-tomorrowamprsquos-wealth-earning-returns-while-powering-south-africaamprsquos-growth Investing in private credit offers the opportunity to access stable, above-inflation returns while diversifying away from traditional markets Wealth and Asset Management Zenith Bank Shareholders Wealth Increases by N119 billion News Aggregation Team Monday, April 14, 2025 1:00 am https://africa.managersofwealth.com/article/40367/zenith-bank-shareholders-wealth-increases-by-n119-billion Analysts said as the rally is forming, the next entry point will be expensive for late buyers. Wealth and Asset Management FNB Private crowned Africa’s Best Private Bank at the Euromoney Awards News Aggregation Team Friday, April 11, 2025 1:00 am https://africa.managersofwealth.com/article/40354/fnb-private-crowned-africaamprsquos-best-private-bank-at-the-euromoney-awards The bank also claimed top honours in five other categories, reinforcing its leadership in wealth management and private banking. Wealth and Asset Management Standard Bank sweeps Euromoney Private Banking Awards News Aggregation Team Thursday, April 10, 2025 1:00 am https://africa.managersofwealth.com/article/40345/standard-bank-sweeps-euromoney-private-banking-awards With nine wins, including Best Private Bank in Malawi, Tanzania, and Zambia, Standard Bank cemented its leadership in private banking across Africa Wealth and Asset Management TUHF announces AJ Rothman as next CEO News Aggregation Team Wednesday, July 09, 2025 1:00 am https://africa.managersofwealth.com/article/40816/tuhf-announces-aj-rothman-as-next-ceo Effective 1 October 2025. Executive Moves Equity Group overhauls board, appointing 6 Global finance & development leaders News Aggregation Team Thursday, July 03, 2025 1:00 am https://africa.managersofwealth.com/article/40781/equity-group-overhauls-board-appointing-6-global-finance-ampamp-development-leaders Their wealth of experience across finance, infrastructure, and sustainability will provide invaluable insights and guidance as we continue to drive our mission. Executive Moves Nedbank Private Wealth Chief Executive joins PIMFA’s Board News Team Tuesday, July 01, 2025 1:00 am https://africa.managersofwealth.com/article/40764/nedbank-private-wealth-chief-executive-joins-pimfaamprsquos-board Today he has overall responsibility for managing the company’s UK and international Wealth operations across all its office locations outside of South Africa. Executive Moves BII Appoints Sylvia Monthe as Coverage Director for Francophone West and Central Africa News Aggregation Team Monday, June 30, 2025 1:00 am https://africa.managersofwealth.com/article/40756/bii-appoints-sylvia-monthe-as-coverage-director-for-francophone-west-and-central-africa In her new role, Monthe will be responsible for leading BII’s investment activities, stakeholder engagement, and strategic partnerships in Francophone countries across West and Central Africa. Executive Moves TG Holdings appoints Tunde Macaulay as Group Managing Director News Aggregation Team Friday, June 27, 2025 1:00 am https://africa.managersofwealth.com/article/40753/tg-holdings-appoints-tunde-macaulay-as-group-managing-director Mr. Macaulay is a highly accomplished executive with nearly 30 years of experience of which 20 years have been in banking and manufacturing leadership roles. Executive Moves IBM Consulting appoints Lula Mohanty as Managing Partner for Middle East & Africa News Aggregation Team Thursday, June 26, 2025 1:00 am https://africa.managersofwealth.com/article/40742/ibm-consulting-appoints-lula-mohanty-as-managing-partner-for-middle-east-ampamp-africa Mohanty brings extensive leadership experience from her 25 years with IBM. Between 2018 and 2023 Executive Moves Visa appoints Muhmood to drive payments growth News Aggregation Team Wednesday, June 25, 2025 1:00 am https://africa.managersofwealth.com/article/40733/visa-appoints-muhmood-to-drive-payments-growth The newly appointed regional chief was previously Head of Value-Added Services for Visa Europe, based in London. Executive Moves Canon names HR director for Central and North Africa region News Aggregation Team Friday, June 20, 2025 1:00 am https://africa.managersofwealth.com/article/40714/canon-names-hr-director-for-central-and-north-africa-region Deepali will be responsible to lead HR function across six offices in Africa, including Canon’s regional headquarters at Dubai Executive Moves Citi organizational announcement: Head of payments for Middle East and Africa News Team Wednesday, June 18, 2025 1:00 am https://africa.managersofwealth.com/article/40698/citi-organizational-announcement-head-of-payments-for-middle-east-and-africa He will be responsible for delivering Citi’s MEA payments priorities and seamlessly executing Citi’s global payments strategy in the cluster. Executive Moves Fidelity Bank’s CRO assumes office as CRMI president News Aggregation Team Tuesday, June 17, 2025 1:00 am https://africa.managersofwealth.com/article/40683/fidelity-bankamprsquos-cro-assumes-office-as-crmi-president The Institute is a professional body for risk management professionals to promote best practices and advocacy in risk management and related disciplines in Nigeria. Executive Moves 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 Serious implications for anyone trading bitcoin and other crypto assets in South Africa News Aggregation Team Thursday, July 10, 2025 1:00 am https://africa.managersofwealth.com/article/40828/serious-implications-for-anyone-trading-bitcoin-and-other-crypto-assets-in-south-africa The client in question had engaged in a significant number of cryptocurrency transactions prior to its liquidation, acquiring bitcoin on local exchanges and transferring it to foreign exchanges. Legal Banks sued for selling repossessed homes for R1,000, and Eskom’s days are numbered News Aggregation Team Tuesday, June 24, 2025 1:00 am https://africa.managersofwealth.com/article/40724/banks-sued-for-selling-repossessed-homes-for-r1000-and-eskomamprsquos-days-are-numbered Analysts predict continued volatility in oil prices as traders await Iran’s response. Legal Court declares Absa’s accounting in ‘disarray’, dismisses attempt to attach property News Aggregation Team Monday, June 23, 2025 1:00 am https://africa.managersofwealth.com/article/40715/court-declares-absaamprsquos-accounting-in-amplsquodisarrayamprsquo-dismisses-attempt-to-attach-property Says no to application for summary judgment – and the matter ‘could have been solved by mediation’. Legal Access Bank Asks Court to Freeze MTN’s Assets over Alleged N181bn Debt News Aggregation Team Monday, June 09, 2025 1:00 am https://africa.managersofwealth.com/article/40637/access-bank-asks-court-to-freeze-mtnamprsquos-assets-over-alleged-n181bn-debt While acknowledging the strength of the plaintiffs’ case, Justice Aluko declined to grant the requested orders outright. Legal Nigerian Court to Rule on Future of National Biometric Banking System News Aggregation Team Thursday, May 29, 2025 1:00 am https://africa.managersofwealth.com/article/40588/nigerian-court-to-rule-on-future-of-national-biometric-banking-system The outcome could have lasting implications for biometric banking security and data governance in Nigeria’s financial ecosystem. Legal Access Bank faces charges over alleged diversion of N826 million News Aggregation Team Tuesday, May 20, 2025 1:00 am https://africa.managersofwealth.com/article/40543/access-bank-faces-charges-over-alleged-diversion-of-n826-million The charges followed an investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). Legal UBA moves to join suit challenging IBEDC sale News Aggregation Team Tuesday, May 20, 2025 1:00 am https://africa.managersofwealth.com/article/40544/uba-moves-to-join-suit-challenging-ibedc-sale The plaintiff also alleged conflicts of interest and is demanding specific performance of the agreements, recognition by CAC, and N100m in general damages. Legal Norton Rose Fulbright South Africa director Rudolph du Plessis joins The Legal 500 Hall of Fame News Team Friday, April 25, 2025 1:00 am https://africa.managersofwealth.com/article/40404/norton-rose-fulbright-south-africa-director-rudolph-du-plessis-joins-the-legal-500-hall-of-fame This honour is awarded to individuals who have received consistent praise from clients and peers for their continued excellence and leadership in their respective fields. Legal Court orders 54 banks to return N9.3bn stolen by hackers News Aggregation Team Thursday, April 24, 2025 1:00 am https://africa.managersofwealth.com/article/40399/court-orders-54-banks-to-return-n93bn-stolen-by-hackers The stolen funds—amounting to over N9.3bn—were then dispersed across accounts in 54 financial institutions. Legal Thaakar: Sophos Will Demystify Cybersecurity in Nigeria News Aggregation Team Thursday, July 10, 2025 1:00 am https://africa.managersofwealth.com/article/40822/thaakar-sophos-will-demystify-cybersecurity-in-nigeria It’s a platform to align with our partners and co-create the future of cybersecurity in the region. FinTech AXA Mansard Unveils Digital, Flexible Health Insurance to Boost Access News Aggregation Team Thursday, July 10, 2025 1:00 am https://africa.managersofwealth.com/article/40824/axa-mansard-unveils-digital-flexible-health-insurance-to-boost-access With this move, AXA Mansard said its target was to make quality healthcare more attainable for students, artisans, young families, and working professionals across the country. FinTech One problem with getting smart ID cards at banks in South Africa News Aggregation Team Thursday, July 10, 2025 1:00 am https://africa.managersofwealth.com/article/40826/one-problem-with-getting-smart-id-cards-at-banks-in-south-africa Presenting his 2025 budget vote speech, Deputy Minister of Home Affairs Njabulo Nzuza revealed that just 2.6% of smart ID applications processed in the past two years have come through bank branches. FinTech Aurionpro to deliver digital banking platform to an African bank News Aggregation Team Thursday, July 10, 2025 1:00 am https://africa.managersofwealth.com/article/40829/aurionpro-to-deliver-digital-banking-platform-to-an-african-bank The agreement involves licensing Aurionpro’s omnichannel digital banking solution and includes long-term maintenance and support services. FinTech Ecobank Partners Google Cloud for AI Financial Innovation News Aggregation Team Tuesday, July 08, 2025 1:00 am https://africa.managersofwealth.com/article/40811/ecobank-partners-google-cloud-for-ai-financial-innovation Central to this partnership is the integration of Google Cloud's cutting-edge technologies and AI-driven analytics into Ecobank's digital offerings. FinTech Protecting your bank apps from hackers News Aggregation Team Wednesday, July 02, 2025 1:00 am https://africa.managersofwealth.com/article/40777/protecting-your-bank-apps-from-hackers Bank customers remain highly vulnerable, especially those who use mobile banking apps without applying basic digital safety practices. FinTech Lesaka inks $61m agreement to acquire Bank Zero in South Africa News Aggregation Team Wednesday, July 02, 2025 1:00 am https://africa.managersofwealth.com/article/40778/lesaka-inks-61m-agreement-to-acquire-bank-zero-in-south-africa Lesaka will obtain Bank Zero's licence and digital banking infrastructure through the proposed deal, while chairman Michael Jordaan is set to join the Lesaka board. FinTech South African fintech Lesaka to buy Bank Zero in digital banking push News Aggregation Team Tuesday, July 01, 2025 1:00 am https://africa.managersofwealth.com/article/40765/south-african-fintech-lesaka-to-buy-bank-zero-in-digital-banking-push Bank Zero, founded in 2018, provides an app-driven platform for retail and commercial banking services. FinTech FirstBank improves app with advanced facial biometric tech News Aggregation Team Monday, June 30, 2025 1:00 am https://africa.managersofwealth.com/article/40757/firstbank-improves-app-with-advanced-facial-biometric-tech These upgrades all aim to provide customers with a seamless, secure, and efficient digital banking experience FinTech FINASA Partners with Digital Finance Africa 2025 to Champion Fintech Growth Across South Africa News Aggregation Team Friday, June 27, 2025 1:00 am https://africa.managersofwealth.com/article/40746/finasa-partners-with-digital-finance-africa-2025-to-champion-fintech-growth-across-south-africa FINASA’s role as a partner strengthens the summit’s core mission to foster dialogue and collaboration between key stakeholders in South Africa’s financial technology ecosystem. FinTech Connecting Africa’s Payment Landscape: PAPSS Lands in Morocco Through Bank Al-Maghrib Agreement News Aggregation Team Wednesday, July 09, 2025 1:00 am https://africa.managersofwealth.com/article/40821/connecting-africaamprsquos-payment-landscape-papss-lands-in-morocco-through-bank-al-maghrib-agreement PAPSS has developed and launched 3 payment solutions: PAPSS Instant Payment System (IPS), PAPSS African Currency Marketplace (PACM), and the PAPSSCARD. Retail Banking Capitec’s growth dwarfs rivals as it closes in on FirstRand News Aggregation Team Tuesday, July 08, 2025 1:00 am https://africa.managersofwealth.com/article/40806/capitecamprsquos-growth-dwarfs-rivals-as-it-closes-in-on-firstrand Stellenbosch-based bank’s market value has risen 348% in the past five years, taking group worth to R412bn Retail Banking Keystone Bank hosts SME business clinic News Aggregation Team Tuesday, July 08, 2025 1:00 am https://africa.managersofwealth.com/article/40808/keystone-bank-hosts-sme-business-clinic The SME Business Clinic was designed to equip business owners with practical tools and knowledge to scale their ventures, build resilience, and contribute meaningfully to Nigeria’s economic growth. Retail Banking Jaiz Bank records 109% profit surge, declares 7kobo dividend News Aggregation Team Tuesday, July 08, 2025 1:00 am https://africa.managersofwealth.com/article/40809/jaiz-bank-records-109-profit-surge-declares-7kobo-dividend Financing contracts also contributed N32.04 billion, representing a 17 percent rise from N27.36 billion the year before. Retail Banking Nigerian banks resume international naira card transactions amid FX market confidence News Aggregation Team Monday, July 07, 2025 1:00 am https://africa.managersofwealth.com/article/40798/nigerian-banks-resume-international-naira-card-transactions-amid-fx-market-confidence After nearly three years of suspension, Nigerian banks have reactivated international transactions on their naira-denominated debit cards. Retail Banking Major banks closing ATMs across South Africa, except for one News Aggregation Team Friday, July 04, 2025 1:00 am https://africa.managersofwealth.com/article/40789/major-banks-closing-atms-across-south-africa-except-for-one These new challenger banks do not have ATMs and use existing infrastructure at other banks and retailers to give customers access to cash. Retail Banking Zenith Bank retains Nigeria’s top Tier-1 spot for 16th year News Aggregation Team Friday, July 04, 2025 1:00 am https://africa.managersofwealth.com/article/40792/zenith-bank-retains-nigeriaamprsquos-top-tier-1-spot-for-16th-year The ranking was based on the 2024 year-end Tier-1 capital of banks. Retail Banking African Development Bank Approves $474.6 Million Loan to support South Africa's Infrastructure Governance and Green Growth News Team Wednesday, July 02, 2025 1:00 am https://africa.managersofwealth.com/article/40773/african-development-bank-approves-4746-million-loan-to-support-south-africaamp039s-infrastructure-governance-and-green-growth The landmark financing backs infrastructure overhaul, renewable energy expansion, and climate resilience while safeguarding vulnerable communities Retail Banking Absa Bank launches Mobi Tap to boost digital payment access for small businesses News Aggregation Team Monday, June 30, 2025 1:00 am https://africa.managersofwealth.com/article/40758/absa-bank-launches-mobi-tap-to-boost-digital-payment-access-for-small-businesses This works without the need for additional hardware or complex integrations. Retail Banking The Finance Ghost: A tough period for local banks News Aggregation Team Monday, June 30, 2025 1:00 am https://africa.managersofwealth.com/article/40762/the-finance-ghost-a-tough-period-for-local-banks A flurry of banking updates came out in the past week, giving us insight into how four of the five large banking groups are performing Retail 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 Banks get R80m in fees as Pick n Pay raises R4bn News Aggregation Team Tuesday, August 06, 2024 1:00 am https://africa.managersofwealth.com/article/38973/banks-get-r80m-in-fees-as-pick-n-pay-raises-r4bn Ackerman Investment Holdings subscribes for 64m ‘rights offer shares’ at a total value of more than R1bn. Investment Banking FG lists N4bn savings bonds on NGX News Aggregation Team Thursday, July 10, 2025 1:00 am https://africa.managersofwealth.com/article/40825/fg-lists-n4bn-savings-bonds-on-ngx The first tranche is the 16.121 per cent FGS JUN 2027 bond, with a tenor of two years. Alternative Investments Zimbabwe hopes to service external debt News Aggregation Team Wednesday, July 09, 2025 1:00 am https://africa.managersofwealth.com/article/40815/zimbabwe-hopes-to-service-external-debt Zimbabwe wants to restructure its $21 billion debt, of which around $12.3 billion is owed to external creditors Alternative Investments Everest Wealth’s 65% hedge fund return: Too good to be true? News Aggregation Team Monday, July 07, 2025 1:00 am https://africa.managersofwealth.com/article/40803/everest-wealthamprsquos-65-hedge-fund-return-too-good-to-be-true Alternative fund manager markets unregistered ‘in development’ hedge fund. Alternative Investments EFG Hermes advises on the signing of landmark $190mln investment in Alameda Healthcare by DPI News Team Monday, July 07, 2025 1:00 am https://africa.managersofwealth.com/article/40804/efg-hermes-advises-on-the-signing-of-landmark-190mln-investment-in-alameda-healthcare-by-dpi This transaction marks Egypt’s largest private equity healthcare investment to date, reinforcing investor confidence in backing fast-growing platforms in Egypt Alternative Investments Another bleak year as South Africa’s growth prospects cut in half News Aggregation Team Thursday, July 03, 2025 1:00 am https://africa.managersofwealth.com/article/40783/another-bleak-year-as-south-africaamprsquos-growth-prospects-cut-in-half South Africa’s Treasury in May trimmed its growth forecast for the year to 1.4% from a prior 1.9% Alternative Investments Kenya looks to privatise state assets to draw private-sector investments, says President Ruto News Aggregation Team Thursday, July 03, 2025 1:00 am https://africa.managersofwealth.com/article/40785/kenya-looks-to-privatise-state-assets-to-draw-private-sector-investments-says-president-ruto Kenya is planning to privatise some state assets via initial public offerings in order to bring in more private sector investment, President William Ruto said in remarks at the London Stock Exchange on Wednesday. Alternative Investments South Africa's Nedbank Considers Selling Stake in Ecobank Group News Aggregation Team Wednesday, July 02, 2025 1:00 am https://africa.managersofwealth.com/article/40776/south-africaamp039s-nedbank-considers-selling-stake-in-ecobank-group Nedbank became ETI’s largest shareholder in 2008 through a $500 million investment and later formalized the partnership in 2014 Alternative Investments Access Bank committed to unlocking Africa’s vast trade potential News Aggregation Team Wednesday, July 02, 2025 1:00 am https://africa.managersofwealth.com/article/40779/access-bank-committed-to-unlocking-africaamprsquos-vast-trade-potential This enables us to foster cross-border trade, offer tailored financial solutions, and stimulate job creation Alternative Investments Dr. Forson urges for right policies, investment for Africa’s integration News Aggregation Team Tuesday, July 01, 2025 1:00 am https://africa.managersofwealth.com/article/40770/dr-forson-urges-for-right-policies-investment-for-africaamprsquos-integration Dr. Ato Forson noted that Africa has for decades, weathered the storms of economic shocks, health crisis, climate disruptions, political uncertainties and global market shifts, and it was important to follow its own compass of development. Alternative Investments Are you employed if you work an hour a week? Stats SA says yes News Aggregation Team Monday, June 30, 2025 1:00 am https://africa.managersofwealth.com/article/40763/are-you-employed-if-you-work-an-hour-a-week-stats-sa-says-yes The unemployment rate depends on your definition of employment … Alternative Investments Top 20 Middle East and Africa banks by market cap, Q2 2025 News Aggregation Team Tuesday, July 08, 2025 1:00 am https://africa.managersofwealth.com/article/40812/top-20-middle-east-and-africa-banks-by-market-cap-q2-2025 During this period, the Abu Dhabi-based lender partnered with real estate developer Binghatti Holding Ltd. to offer Sharia-compliant financing solutions to home buyers. Comment, Analysis & Research Nigeria-Saint Lucia Bilateral Relations under PBAT: The Strategic Autonomy Components News Aggregation Team Monday, July 07, 2025 1:00 am https://africa.managersofwealth.com/article/40797/nigeria-saint-lucia-bilateral-relations-under-pbat-the-strategic-autonomy-components About 90% of the Lucians are Roman Catholic, due to earlier French. Comment, Analysis & Research Former Deputy President David Mabuza has died News Aggregation Team Friday, July 04, 2025 1:00 am https://africa.managersofwealth.com/article/40794/former-deputy-president-david-mabuza-has-died In 1994, he joined the Mpumalanga Executive Council and remained a key figure within the ANC’s provincial and national executives before becoming Deputy President. Comment, Analysis & Research Ghana inflation drops to 13.7% in June, lowest since December 2021 News Aggregation Team Friday, July 04, 2025 1:00 am https://africa.managersofwealth.com/article/40795/ghana-inflation-drops-to-137-in-june-lowest-since-december-2021 The Consumer Price Index for June 2025 was 257.3 down from 260.5 in May 2025 and up from 226.4 in June 2024. Comment, Analysis & Research South Africa faces a tough call this month News Aggregation Team Thursday, July 03, 2025 1:00 am https://africa.managersofwealth.com/article/40784/south-africa-faces-a-tough-call-this-month The MPC prefers to anchor inflation expectations at the 4.5% midpoint of its target band, and is in talks with the National Treasury to adjust the goal to 3%. Comment, Analysis & Research 65% of Kenyans Do Not Have a Bank Account, 87% Struggle with Access to Credit, Says Latest Research News Aggregation Team Thursday, July 03, 2025 1:00 am https://africa.managersofwealth.com/article/40787/65-of-kenyans-do-not-have-a-bank-account-87-struggle-with-access-to-credit-says-latest-research 87% of Kenyans struggle with access to credit having never had approved loans for ~$25. Comment, Analysis & Research Insurance: What policyholder should know about claims News Aggregation Team Monday, June 30, 2025 1:00 am https://africa.managersofwealth.com/article/40759/insurance-what-policyholder-should-know-about-claims The data from NAICOM indicated that aggrieved policyholders with 1,582 complaints were owed over N24.59bn and $22.56m. Comment, Analysis & Research How rich South Africans are protecting their money News Aggregation Team Monday, June 30, 2025 1:00 am https://africa.managersofwealth.com/article/40761/how-rich-south-africans-are-protecting-their-money Engelbrecht advised sticking to one’s investment process and remembering that economies tend to recover, even from political turmoil. Comment, Analysis & Research Some of the best news in 16 years for South Africa News Aggregation Team Friday, June 27, 2025 1:00 am https://africa.managersofwealth.com/article/40749/some-of-the-best-news-in-16-years-for-south-africa That matched the National Treasury’s May budget forecast, but missed its 2024 estimate of R61 billion. Comment, Analysis & Research Afreximbank eyes multi-billion dollar deals at 2025 annual meetings in Abuja News Aggregation Team Friday, June 27, 2025 1:00 am https://africa.managersofwealth.com/article/40750/afreximbank-eyes-multi-billion-dollar-deals-at-2025-annual-meetings-in-abuja More than 6,000 delegates from around the world have confirmed participation, according to the Director of Communications and Events at Afreximbank. Comment, Analysis & Research Kieswetter kissing R28 billion a year goodbye News Team Wednesday, July 09, 2025 1:00 am https://africa.managersofwealth.com/article/40813/kieswetter-kissing-r28-billion-a-year-goodbye That’s almost three times as many as seen in 2022, meaning foregone taxes in a cash-strapped country that can ill afford to lose that revenue. Tax Tax return warning for anyone earning more than R500,000 a year News Aggregation Team Wednesday, July 09, 2025 1:00 am https://africa.managersofwealth.com/article/40814/tax-return-warning-for-anyone-earning-more-than-r500000-a-year This includes any individuals who have capital gains, foreign income, or receive dividends not subject to automatic withholding tax. Tax Trump imposes 30% tariffs on all SA goods News Aggregation Team Tuesday, July 08, 2025 1:00 am https://africa.managersofwealth.com/article/40805/trump-imposes-30-tariffs-on-all-sa-goods As of 1 August, but ‘separate from all sectoral tariffs’. Tax SARS apologises for downtime and glitches on tax day News Aggregation Team Tuesday, July 08, 2025 1:00 am https://africa.managersofwealth.com/article/40807/sars-apologises-for-downtime-and-glitches-on-tax-day Adding to the frustrations, tax practitioners were also unable to process income tax filing and EMP201 declarations due to the system overloads. Tax Godongwana warns about a wealth or ‘apartheid redress’ tax in South Africa News Aggregation Team Monday, July 07, 2025 1:00 am https://africa.managersofwealth.com/article/40799/godongwana-warns-about-a-wealth-or-amplsquoapartheid-redressamprsquo-tax-in-south-africa He also warned that any move to increase these taxes or to introduce the ones being called for would cost the economy billions. Tax Important information about work from home taxes in South Africa News Team Monday, July 07, 2025 1:00 am https://africa.managersofwealth.com/article/40802/important-information-about-work-from-home-taxes-in-south-africa South Africa’s Income Tax Act includes specific provisions regulating claims for working for home, and the process isn’t as straightforward as it seems. Tax SARS announces 2025 tax change for South African expats News Aggregation Team Tuesday, July 01, 2025 1:00 am https://africa.managersofwealth.com/article/40767/sars-announces-2025-tax-change-for-south-african-expats SARS now requires these expats to declare themselves as being tax resident again in their tax forms—something not required before. Tax Federal revenue agencies face shake-up as Tinubu signs tax bills News Aggregation Team Friday, June 27, 2025 1:00 am https://africa.managersofwealth.com/article/40754/federal-revenue-agencies-face-shake-up-as-tinubu-signs-tax-bills The development, which establishes the Nigeria Revenue Service as the sole body responsible for collecting federally chargeable taxes, is expected to trigger major restructuring across the federal revenue architecture. Tax Tinubu to sign tax reform bills Thursday News Aggregation Team Thursday, June 26, 2025 1:00 am https://africa.managersofwealth.com/article/40745/tinubu-to-sign-tax-reform-bills-thursday They were passed by the National Assembly after months of consultations with various interest groups and stakeholders. Tax How to turn tax deductions into retirement gains News Aggregation Team Wednesday, June 25, 2025 1:00 am https://africa.managersofwealth.com/article/40732/how-to-turn-tax-deductions-into-retirement-gains Maximising your retirement contributions through strategic tax structuring can significantly accelerate long-term investment growth. Tax South Africa’s central bank could lower CPI goal in July News Aggregation Team Thursday, July 10, 2025 1:00 am https://africa.managersofwealth.com/article/40827/south-africaamprsquos-central-bank-could-lower-cpi-goal-in-july As soon as its policy meeting at the end of this month. Regulation,Tax & Compliance Ghana cedi gains strength against US dollar year-on-year News Aggregation Team Wednesday, July 09, 2025 1:00 am https://africa.managersofwealth.com/article/40818/ghana-cedi-gains-strength-against-us-dollar-year-on-year On June 30, 2025, the rate stood at GH¢10.31, emphasising the appreciation. Regulation,Tax & Compliance African Development Bank approves $474.6mln loan to support South Africa's infrastructure governance, green growth News Aggregation Team Wednesday, July 09, 2025 1:00 am https://africa.managersofwealth.com/article/40820/african-development-bank-approves-4746mln-loan-to-support-south-africaamp039s-infrastructure-governance-green-growth This IGGGP is the second phase of the Bank's strategic support for South Africa's Just Energy Transition Regulation,Tax & Compliance CBN Directs Banks to Submit Capital Plans, Gives 10 Days Deadline News Aggregation Team Tuesday, July 08, 2025 1:00 am https://africa.managersofwealth.com/article/40810/cbn-directs-banks-to-submit-capital-plans-gives-10-days-deadline The transitional framework, according to the CBN, is designed to support affected banks in restoring full prudential compliance while promoting macro-financial stability. Regulation,Tax & Compliance Criminals targeting South Africans using banking apps and digital wallets on their phones News Aggregation Team Monday, July 07, 2025 1:00 am https://africa.managersofwealth.com/article/40800/criminals-targeting-south-africans-using-banking-apps-and-digital-wallets-on-their-phones Once a phone is stolen, fraudsters can bypass security features by decrypting or jailbreaking it and adding their own biometric data. Regulation,Tax & Compliance FG fines Multichoice N766m over privacy breaches News Aggregation Team Monday, July 07, 2025 1:00 am https://africa.managersofwealth.com/article/40801/fg-fines-multichoice-n766m-over-privacy-breaches The depth of data processing by Multichoice is patently intrusive, unfair, unnecessary and disproportionate. Regulation,Tax & Compliance Ghana Approves $360mln World Bank Loan to Support 2025 Budget News Aggregation Team Friday, July 04, 2025 1:00 am https://africa.managersofwealth.com/article/40790/ghana-approves-360mln-world-bank-loan-to-support-2025-budget The funds will mainly be used to clear outstanding payments owed to road sector contractors, strengthen social safety nets, support vulnerable groups, and ultimately reduce poverty levels in the country. Regulation,Tax & Compliance Lagos to enforce mandatory health insurance for residents News Aggregation Team Friday, July 04, 2025 1:00 am https://africa.managersofwealth.com/article/40793/lagos-to-enforce-mandatory-health-insurance-for-residents The order mandates that residents must show evidence of enrolment in a health insurance scheme before accessing public health services, excluding emergencies. Regulation,Tax & Compliance Ghana fully up to date on 2025 Eurobond debt service obligations – Finance Minister News Aggregation Team Friday, July 04, 2025 1:00 am https://africa.managersofwealth.com/article/40796/ghana-fully-up-to-date-on-2025-eurobond-debt-service-obligations-ampndash-finance-minister The Ministry noted that since concluding Ghana’s Eurobond debt restructuring in October 2024, the government has cumulatively serviced US$1,174.64 million in Eurobond debt payments. Regulation,Tax & Compliance Warning to lawyers in South Africa, and why households will pay more for food News Aggregation Team Thursday, July 03, 2025 1:00 am https://africa.managersofwealth.com/article/40782/warning-to-lawyers-in-south-africa-and-why-households-will-pay-more-for-food On Thursday, 3 July, the rand was trading at R17.58 to the dollar, R23.98 to the pound and R20.74 to the euro. Oil was trading slightly lower at $68.56 a barrel. Regulation,Tax & Compliance 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 African Development Bank Champions Mission 300, Launches Electricity Regulatory Index at 2025 Africa Energy Forum News Team Thursday, June 19, 2025 1:00 am https://africa.managersofwealth.com/article/40706/african-development-bank-champions-mission-300-launches-electricity-regulatory-index-at-2025-africa-energy-forum ringing together governments, utilities, private sector actors, regulators, and development partners, the event provides a critical platform to advance Africa’s energy transformation agenda. ESG South Africa’s Nedbank Corporate and Investment Banking strengthens presence in key African markets News Aggregation Team Wednesday, May 28, 2025 1:00 am https://africa.managersofwealth.com/article/40586/south-africaamprsquos-nedbank-corporate-and-investment-banking-strengthens-presence-in-key-african-markets This transaction with Kasada reinforces Nedbank’s commitment to building future-focused infrastructure that advances inclusive growth and environmental stewardship. ESG South Africa’s shift from coal to renewables News Aggregation Team Monday, May 12, 2025 1:00 am https://africa.managersofwealth.com/article/40496/south-africaamprsquos-shift-from-coal-to-renewables They committed to providing South Africa with $8.5 billion (R157 billion) to move away from coal to renewable energy. ESG Doubling down on sustainability commitments: six practical solutions to meet the AI challenge News Aggregation Team Thursday, April 10, 2025 1:00 am https://africa.managersofwealth.com/article/40346/doubling-down-on-sustainability-commitments-six-practical-solutions-to-meet-the-ai-challenge Investment in mission-critical infrastructure is fuelling this growth. ESG Nigeria: Firms unveil $500m fund for renewable energy News Aggregation Team Thursday, March 20, 2025 12:00 am https://africa.managersofwealth.com/article/40230/nigeria-firms-unveil-500m-fund-for-renewable-energy This will ensure more reliable and cost-effective power access for Nigerian homes and businesses. ESG