Summary
- The wealth management market in Africa is anticipated to hit US$843.61 billion in assets by 2025.
- GDP growth in Africa is promising, with some countries possibly experiencing over 5% growth in sectors like renewable energy, technology, and finance.
- Africa’s wealth management industry is set to achieve assets totaling US$843.61 billion by 2025.
- Financial Advisory is expected to lead the market with an estimated volume of US$798.88 billion.
Explore Further!
Africa’s investment scene in 2025 will exhibit a vibrant mix of well-established institutions alongside new entrants, showcasing the continent’s economic progress and diversification. By the end of the year, the wealth management market is expected to reach an impressive US$843.61 billion in assets under management.
With Financial Advisory at the forefront, projected to reach US$798.88 billion, several sectors should see heightened investment, including renewable energy, technology, and financial services, aided by GDP growth projections of over 4.1% in certain areas.
The RMB Where to Invest in Africa Report indicates that Africa is experiencing significant changes on various levels, notably geopolitical and economic. By 2025, assets under management in the wealth sector are expected to reach US$843.61 billion.
Likewise, the Q1 2025 Private Capital in Africa Activity Report noted the anticipated dominance of Financial Advisory in the wealth market, expected to reach US$798.88 billion as overall GDP growth averages around 4.1% supported by private capital investments in African infrastructure, set to hit US$1.3 billion in 2024.
This article presents the top 10 investment management companies in Africa, ranked by assets under management (AUM), regional impact, and services provided. Take a look!
Top 10 Investment Management Firms in Africa for 2025
Important Note: Companies listed are privately held and not publicly traded on major stock exchanges (as of 2025). As such, they generally do not disclose market capitalization figures, which typically depend on stock prices and shares outstanding. Their valuation is generally assessed through assets under management (AUM), client reach, or investment activity rather than stock price data.
Market capitalization data is available only for publicly listed companies like Remgro or PSG Konsult (both on the Johannesburg Stock Exchange). For this article, we have inferred valuation data based on industry benchmarks and known AUM along with relevant comparative data.
10. PSG Konsult Ltd – South Africa
- Market Capitalization: $1.23 billion
- Overview: PSG Konsult offers a wide range of financial services including wealth management, asset management, and insurance. Their asset management division provides tailored investment solutions for both individuals and institutions.
9. African Alliance Asset Management – Pan-African
- Assets Under Management: Approximately $1.7 billion (as of June 2024)
- Overview: With operations in multiple African nations, African Alliance specializes in mutual funds, private wealth management, and services for institutional clients. They are known for their proficiency in asset management for pension funds and insurance companies.
8. Volition Cap – Nigeria
- Estimated Assets Under Management: Approximately $30 million
- Overview: A swiftly growing asset management company, Volition Cap focuses on alternative investments, private equity, and high-yield opportunities across Africa, aspiring to unlock the continent’s economic potential for investors.
7. Remgro Ltd – South Africa
- Market Capitalization: $4.27 billion
- Overview: A diversified investment holding company, Remgro has interests in various sectors like financial services, healthcare, and infrastructure, with a significant asset management division that impacts South Africa’s investment environment.
6. Ninety One – South Africa
- Assets Under Management: Approximately $1.79 billion
- Overview: Originally known as Investec Asset Management, Ninety One is a global investment firm with a substantial presence in Africa, offering a range of investment products including equities, fixed income, and multi-asset options.
5. Old Mutual Investment Group – South Africa
- AUM: Significant, with an emphasis on sustainable investments
- Overview: With a legacy of over 175 years, Old Mutual provides equity and fixed-income solutions, infrastructure investments, and private equity services with a focus on sustainability and impact investing.
4. Sanlam Investments – South Africa
- AUM: Substantial, as part of the Sanlam Group
- Overview: Sanlam Investments offers a wide array of investment services, including asset and wealth management, alternative investments, and infrastructure funds, serving both retail and institutional clients throughout Africa.
3. Coronation Fund Managers – South Africa
- AUM: Over R600 billion (~$32 billion)
- Overview: Established in 1993, Coronation is a prominent asset manager providing various investment solutions, including equity and fixed-income funds, focusing on long-term wealth creation for both individual and institutional investors.
2. Allan Gray – South Africa
- AUM: Significant, with a strong footprint in Southern Africa
- Overview: Founded in 1973, Allan Gray is recognized for its long-term investment philosophy and client-focused approach, operating in South Africa, Namibia, and Botswana while offering mutual funds, institutional asset management, and retirement planning.
1. Public Investment Corporation (PIC) – South Africa
- AUM: Approximately $169 billion
- Overview: As Africa’s largest asset manager, PIC administers South Africa’s Government Employees Pension Fund, with a diversified portfolio across mining, agriculture, real estate, and financial services. In 2024, PIC joined forces with the UAE’s International Resources Holding for investments in South Africa’s infrastructure and green energy initiatives.
