According to this year’s report, the “Big 5” of private wealth are South Africa, Egypt, Nigeria, Morroco, and Kenya as they hold over 50% of the continent’s wealth. The total value of private wealth held in Africa is US$2.1 trillion and is expected to rise by 38% over the next 10 years.

Andrew Amoils, Head of Research at New World Wealth, explains that private wealth refers to all an individual’s net assets (property, cash, equities, and business interests) less any liabilities. He says;

“Africa is home to some of the world’s fastest-growing markets, including Rwanda, Uganda, and Mauritius. We forecast private wealth growth of over 60% in all three countries in the next decade, driven by especially strong performance in the technology and professional services sectors.”

There are currently 136,000 high-net-worth individuals (HNWIs) with a private wealth of US$1 million or more living in Africa, along with 305 centi-millionaires worth US$100 million or more, and 21 US dollar billionaires.

Despite a tough past decade, South Africa is still home to over twice as many HNWIs as any other African country, while Egypt now has the most billionaires. Mauritius has the highest wealth per capita (average wealth per person) in Africa, at USD 34,500, followed by South Africa at USD 10,970 and Namibia at USD 9,320.

The report has shown Mauritius to be the fastest-growing wealth market in Africa, with projected growth of 80% over the next decade. This will also make it one of the fastest-growing high-income markets in the world over this period (in percentage growth terms), together with Australia, Malta, New Zealand, and Switzerland. By 2031, HNWI numbers in Mauritius are expected to reach over 8,000.

Zimbabwe is not mentioned anywhere in the report and it is understandable as the economy is currently very unstable and the majority of Zimbabweans live in poverty.

The post Africa Wealth Report 2022: South Africa, Egypt, Nigeria, Morocco, and Kenya Account For More Than 50% Of Africa’s Total Wealth appeared first on Provoker Magazine.

According to Made Osinachi was in an abusive marriage with her husband Peter Nwachukwu. She went on to say Peter delivered a blow to Osinachi’s chest with his leg that caused blood clots in her chest. Friends of the late gospel singer testified about the instances of abuse they had seen. 

Frank Edwards, another popular singer made an Instagram video alleging that he had seen the abuse. He said; 

“One time in a studio, this man slapped her just because she wanted to record the song in Igbo against his will. She does not do anything on her own. 

“She would say, please beg my husband. She was at his mercy. I didn’t know the intensity of what she was going through; I didn’t know how somebody would be jealous of the wife he claimed to love. 

“There are a lot of stories where people told her this and that, but what I know was that the control was too much. The other time somebody wanted me to get her for an event, and I contacted her, but she said ‘beg my husband.’ 

“She couldn’t even tell people what she was going through. I only got to know because Aunty Joy contacted me to promote her song. That was when I got a glimpse into what was happening.” 

There are also reports that Osinachi was in the hospital for five days before succumbing to her injuries. Her sister Ms Favor also said that Peter Osinachi’s husband did not alert the family that she was in hospital until she died and that is when he broke the news. She admitted to being aware of the abuse but said the late singer insisted on staying in the marriage with the belief that God would intervene. 

Gender-Based Violence continues to be a struggle in Africa including in Zimbabwe. Most cases happen behind closed doors and our cultural setup frowns upon women who expose their husbands. Men equally do not share their abuse experiences because men are expected to be strong and sharing such experiences comes across as a weakness on their part. 

Osinachi’s husband Peter Nwachukwu has been arrested as police investigate the cause of the singer’s death. people have reacted to the news on social media with mixed feelings. Some people feel that religious leaders must not encourage people to remain in abusive relationships. Osinachi leaves behind four children. 

The post Nigeria Mourns The Death Of Popular Gospel Singer Osinachi Nwachukwu appeared first on Provoker Magazine.

For those of you that are not familiar with the name, Annie Idibia is a well-known Nigerian model, presenter and actress. She is married to the popular Nigerian musician 2Baba.

Wisdom recently took to Instagram to expose his sister Annie saying:

“Hello Nigerians, my name is Wisdom Macaulay, I am the elder brother of Annie Macaulay Idibia. I’m crying out for help at this moment because my life is been threatened. I have been working with my sister for sometime but she would never pay me my dues, she would rather send me N20,000 or N30,000…turn me to her slave and she can decide when she is angry to end it. Some weeks back, her husband sent me some money that I have begging him for years. The money wasn’t so much but I used it to settle my home. I have a wife from Imo State and I am yet to pay her bride price because I don’t have money.

Annie introduced me to drugs, hard drugs, Annie takes drugs, she is a drug addict, she takes it everyday, she is so violent, she doesn’t have peace with anyone, she fights everybody”.

He further added,

“I wasn’t around for 2 weeks and when I came back, she took everything from me. Annie lied on her story that I beat her in her husband’s house, how can I do that? Annie insults my wife, she insults everybody. I begged for her to give me money to buy a car so I can use it for Uber yet she refused, she doesn’t want me to stand on my feat.

Today, she drove me out of her house, and sent boys to waylay me when I took her car. Now my life is at risk. Annie is so ill tempered”.

The part that most people are shocked about is the drugs. But one can no help noticing that what really made him angry is fact that he is not content with what his sister does for her. He mentions not being given enough money and also requesting a car and not getting one. In this breath, Annie Idibia has responded on social media and she said:

“Oh Wizy, Why big bro Why Wisdom.

Why all these lies against your ONLY sister.. your younger sister, all i ever did was protect you and your kids.

Since we grew up bro, have you ever paid for house rent in your entire life?

You live in a 3bedroom flat fully furnished with everything you need for you and kids.

Wisdom you have 3 kids, have you ever paid for their school fees since they were born?

Your oldest child 9, for 9 years since your wife started making babies, have you ever paid for hospital bills for any of your kids?

Have you ever paid school fees.

Oh Wizy, how many cars have i bought for you since God started blessing me!

You say you work for me…how?

Where?? After Dad died, the car I had bought for him, told you to service the Jeep, you sold the car without telling me.

All I have was love you and your kids!

Every Xmas I make sure they all get something new…. I even make sure your wife isn’t aware!

How many times have I given you millions Wizy, but you are way too irresponsible, because I don’t have the heart to watch your kids go hungry!

Keep blackmailing me that you will kill yourself.

I have receipts on my online banking n proof.

WHy do you wanna destroy this lil career I have worked so hard to make?

This is where I get 80% of my money! Same money I used to send your kids to school. Pay your rent! All your hospital bills! Why would you want to destroy your own little sister?”

It’s common in the African culture for a successful person to be expected to pay black tax. Once a person gets a job, goes overseas, or becomes successful they are expected to bring the rest of the family along with them.

Despite Annie Idibia doing things financially for her brother and his family, he still expects her to continuously give him more money and even start a business for him. And although he claims to not have enough money to marry, he has three children.

It’s alarming how people are focused on the drug aspect of Wisdom’s “confession”. Did Wisdom really say those things to expose a drug addiction or is he an able-bodied man without a plan for his life besides riding on his sister’s fame?

The post Annie Idibia’s Brother; Genuine Or Just Bitter And Entitled? appeared first on Provoker Magazine.

The pastor, Chris Enoch is from the Akwa Ibom State in Nigeria’s South-south. He is also the founder of Omega Word Global Ministries.

Okon Clan’s youth president reported the matter to the police on Wednesday. He stated that Enoch had killed his wife. The suspicions were caused when the couple’s five children complained to the neighbours that they hadn’t seen their mother for days. This disappearance followed immediately after the Pastor and his wife had a heated argument. During the squabble, the pastor had chased the children away and continued to fight his wife.

The complaints by the five children prompted the youths, lead by a community police officer, to conduct a search for the woman. They were shocked to find her corpse buried in a shallow grave in the pastor’s gated compound.

The Divisional Police Officer in Eket, Sunday Digha, is said to have refused to comment on the incident.

This is not the first time a pastor has been caught up in a scandal unbecoming of a man of God. A Zimbabwean was caught up in a scandal that lead him to step down as a pastor.

What are your thoughts?

Let us know in the comment section below.

The post Well-known Pastor Chris Enoch charged for violently murdering his wife appeared first on Provoker Magazine.