2026 wealth management outlook: The new rules African families must play by

By 2033, Africa’s millionaire population is projected to rise by 65%, and the continent now holds over  USD 2.5 trillion in investable wealth.

Yet beneath this impressive growth lies a sobering truth: only 3–5% of African family businesses survive beyond the first generation.

After two decades working with African entrepreneurs and multi-generational families, I have seen one pattern consistently: families aggressively pursue asset growth while overlooking the real threats to their legacy.

From fractured governance, unprepared successors, undocumented knowledge, to the erosion of relationships that once fuelled their success.

Money is rarely the first thing lost. It is usually the intangibles:

• The relationships that opened doors.

• The institutional memory that guided decisions.

• The reputation built over time.

As we enter 2026, wealth creation is accelerating, but wealth preservation has never been more fragile. The rules have changed, and African families must evolve.

The intergenerational wealth transfer will redefine African power dynamics. We are entering the largest wealth transfer in modern history. For many African families, the next decade will determine whether their legacy expands or decreases.

Next-gen inheritors are asking new questions: What impact are we creating? How does this align with our values? How do we use wealth as a tool for purpose, not just profit?

Unlike previous generations, Millennials and Gen Z are pushing for ESG-aligned portfolios, governance structures, and a clearer vision of long-term legacy.

Families that recognise this shift and prepare early, will join the elite 3–5% that transition smoothly. Those who ignore it risk becoming a cautionary tale.

Values-aligned investing becomes a core strategy

Global sustainable fund assets now exceed USD 3.2 trillion, with impact investing at USD 1.57 trillion. Africa is attracting billions annually into sectors such as renewable energy, agriculture, healthcare, and financial inclusion.

Yet African investors remain largely reactive receivers of ESG frameworks designed abroad.

Traditional Western ESG metrics rarely capture what matters here:

• Energy access strengthens healthcare and education.

• Sustainable agriculture stabilises communities.

• Financial inclusion drives enterprise growth.

In 2026, African wealth holders must move from the sidelines to the driver’s seat, shaping ESG frameworks, designing impact strategies, and influencing where capital flows. This is not a moral argument; it is a competitive advantage.

Technology will separate the next winners from the rest

AI, advanced analytics, and digital investment platforms have fundamentally changed client expectations. African families increasingly demand: global access, seamless digital execution, sophisticated analytics paired with deep, localised judgement.

The emerging winning model is what I call the “local–global hybrid”: African expertise on the ground, integrated with global platforms for structuring, alternatives, cross-border optimisation, and risk analytics.

Technology will not replace human advice especially in Africa, where trust, cultural fluency, and relationship capital shape almost every financial decision. Instead, technology will empower the wealth managers who understand how to augment human insight with digital capability.

Private markets become the engine of generational growth

Private markets are projected to represent over half of global asset management revenues by 2030. In Africa, private capital fundraising reached USD 4 billion in 2024, with exits up 47%. Tokenised fund assets could reach USD 715 billion by 2030, opening access to previously exclusive opportunities.

For African families, this shift creates unprecedented access to: infrastructure, climate-smart agriculture, fintech innovation, healthcare platforms, private credit, fractional ownership through tokenization.

These are no longer niche opportunities for the ultra-wealthy. They are essential tools for protecting purchasing power, achieving long-term growth, and contributing to continental development.

Governance and family offices will institutionalise African wealth

Africa now hosts more than 140 formal family offices, a 75% increase since 2015. Families are also embracing family charters; documents outlining mission, values, roles, rules, and legacy principles.

A well-drafted charter brings clarity to the sensitive questions that when left unaddressed, can fracture families: Why does our wealth exist? What is our shared mission?

How do we transition leadership across generations?How do we manage conflict, dividends, philanthropy, and decision-making?

In a continent where kinship networks extend far beyond the nuclear family, charters are becoming essential tools for unity, continuity, and clarity.

The four capitals African families must manage in 2026

True wealth now extends across four interconnected capitals:

Financial Capital: Assets, investments, and liquidity is the foundation, but not the full picture.

Human Capital: Skills, leadership readiness, emotional intelligence, and next-gen capacity. When a founder dies unexpectedly, the business often struggles and may in some cases collapse—not due to lack of money, but lack of prepared or disinterested successors.

Intellectual Capital: Knowledge systems, processes, insights, regulatory navigation, key relationships. In many African families, this information is undocumented and disappears with its holders.

Social Capital: Networks, reputation, influence, community trust. Between 2013 and 2023, 18,700 HNWIs left Africa, weakening domestic entrepreneurial ecosystems and reducing relationship capital.

Families who manage all four capitals will define the continent’s next generation of dynasties.

A practical framework for African families in 2026

Change the Questions: Move from “What is my ROI?” to: “What are we building across generations?” “What legacy does our capital serve?” “How prepared is the next generation?”

Invest in the Intangibles: Succession is a 10–15-year journey. Invest in: next-gen academies, governance training, documenting knowledge and strengthening family cohesion.

Align wealth with purpose: Africa’s strongest investment opportunities such as renewable energy, agriculture, digital inclusion, healthcare, offer both competitive returns and transformational impact.

Purpose and performance are now mutually reinforcing.

The choice ahead: Africa is simultaneously experiencing extraordinary wealth creation and wealth fragility.

The question for 2026 is simple: Will African families lead the transformation or be overtaken by it? The families who thrive will treat wealth not as currency, but as purpose, structure, and legacy.

As you prepare for 2026, I invite you to reflect: Are you building a balance sheet or a dynasty?

.Ijara is the founder & CEO, CRL Wealth

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