Malabo — new report from the World Bank Group finds that Equatorial Guinea stands at a decisive moment. The Equatorial Guinea Poverty and Equity Assessment, the first of its kind, finds that, in spite of the oil wealth that transformed this country into an upper-middle-income economy and one of the richest economies in Sub-Saharan Africa,…
Gold mining operations recently restarted at the Loulo-Gounkoto complex in western Mali after being shut down for several months. In January, the Malian government started blocking exports from the mine owned by Canada-based Barrick Mining (formerly called Barrick Gold). The government blocked exports and took control of three tonnes of bullion following a dispute with…
Around the globe, corrupt actors exploit anonymity to hide stolen wealth and amass even more ill-gotten gains. Obscuring their true identities across borders and through mazes of anonymous companies and trusts, they hoard assets and rob the public of critical resources. According to a recent report, corruption is one of the main risks linked to…
Johannesburg — Masterclass in Human-Centered Leadership at Women Create Wealth Summit #WCW2025 – Theo Sowa and Reeta Roy Yesterday, we had the privilege of witnessing a refreshingly candid conversation between two remarkable leaders, Theo Sowa, CEO of GMT and Reeta Roy, President and CEO of the Mastercard Foundation as they explored what it truly takes…
Johannesburg — As we open the #WCWSummit2025, our CEO Theo Sowa and Director of Programmes Shiphra Chisha (M.Inst.D), MBA set the tone for the day, centered on purpose, impact, and collective power. Theo reflected on the deeper purpose of our work, emphasizing that true equality requires collective action, balance, and systemic change. Inspired by a…
Imagine running a business for over a century without knowing what’s in your warehouse. That’s essentially what many African countries are doing with their mineral wealth. Governments across the continent still have very little knowledge of what lies beneath their soil. Between the 18th and 20th centuries, European colonial powers exploited African mineral wealth for…
In 2000, Africa had no billionaires. Today it has 23 whose combined wealth has soared by 56% in just the past five years, reaching a staggering $112.6 billion. Africa’s richest 5% hold nearly $4 trillion in wealth – more than double the combined wealth of the rest of the continent. Despite soaring poverty, African governments…
President Bola Ahmed Tinubu has called for collective action and regional cooperation among African countries in developing Africa’s sovereign wealth. The president gave the charge on Monday in Abuja when he declared open the 4th Annual Meeting of the Africa Sovereign Investors Forum (ASIF), hosted by the Nigeria Sovereign Investment Authority (NSIA). Tinubu, who was…
