You’ve probably heard the saying, “The rich become richer, while the poor become poorer”. It’s about how uneven financial progress can be. One of the reasons behind financial inequality is the gender pay gap, but the wealth gap is even more revealing. It explains why disparities persist between the rich and the poor. Wealth –…
Washington — Six countries of the Congo Basin–Cameroon, Central African Republic, the Democratic Republic of Congo, Equatorial Guinea, Gabon, and Republic of Congo–are working to take bold steps to unlock results-based payments and climate finance. The newly launched Strategic Roadmaps for Carbon Market and Climate Finance in the Forest Sector for the Congo Basin Countries…
Addis Ababa — In a forceful address at the 39th African Union Summit, United Nations Secretary-General António Guterres delivered what many observers are calling one of his most direct endorsements yet of Africa’s long-standing demands: permanent representation on the UN Security Council and full economic sovereignty over its vast natural resources. Standing before African heads…
Dominic Rey joins Iress as MD of its wealth management business in SA. Financial services software company Iress has appointed Dominic Rey as MD of its wealth management business in South Africa, effective February 2026. This as local wealth firms face tighter regulation, margin pressure and rising client expectations, Iress said in a statement. According…
1. Anand Mahindra Mahindra’s engagement with Africa reflects his long-term belief in emerging markets as engines of global growth. With an estimated net worth of over USD 10 billion, he brings both financial strength and strategic vision to the continent. Through the Mahindra Group, he has built a strong presence across Africa in automotive, agriculture,…
Ntuthuko Shezi, Livestock Wealth founder and CEO. The Financial Sector Conduct Authority (FSCA) says it has concluded its investigation into Livestock Wealth Financial Services (Mother Company) and Livestock Wealth, finding no evidence that the companies conducted unregistered financial business. The FSCA last January warned the public to exercise caution when dealing with Livestock Wealth, following…
Abuja — The world’s 500 richest people added a record $2.2 trillion to their collective fortunes this year, as booming markets in everything from equities to cryptocurrencies to precious metals sent the value of their holdings soaring, according to the Bloomberg Billionaires Index. The gains, which brought their combined net worth to $11.9 trillion, were…
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…
