Managers of Wealth Africa

Three South African banks hit with sanctions in six months

These sanctions often include financial penalties and, in some cases, directives to improve internal systems and controls.

A hold policy decision as expected

The naira has faced additional pressure in recent weeks due to FX liquidity constraints

Ghana cedi appreciates by over 11% against US dollar

The Bank of Ghana continues its oversight of these developments.

FG urged to end 50% revenue deductions

The AIMAN president specifically called for the expedited completion and implementation of the long-delayed AIS Automation project.

SARS is coming after employers in South Africa for these 4 things

In the 2024/25 fiscal year, SARS reported a R81.8 billion (12.6%) increase in net personal income tax collections.

AfDB set for a new president, as Ould Tah gains continental endorsement

The search for a new president of Africa’s apex financial institution is officially heating up. Adesina’s tenure is one marked by ambition and accomplishment.

New twist shakes up interest rate expectations in South Africa

This could be enough to be a red flag for the SARB to hold – with talk of lowering South Africa’s inflation target also adding to a more cautious approach.

Access Holdings Sets Benchmark in Fraud Prevention With ₦193.5Bn Tech Investment

The Group reported a 73% drop in fraud-related losses, falling from ₦6.15 billion in 2023 to just ₦1.64 billion in 2024.

African Development Bank approves $304mln loan to support Botswana's fiscal stability and economic reforms

The country’s fiscal deficit widened

FIC takes a bigger stick to lawyers and estate agents over grey list

These are the two sectors holding up SA’s exit from the grey list.

Bank of Ghana says cash withdrawals in foreign currency from accounts allowed

“The Bank has not contemplated reviewing these existing measures and all banks and the public are advised to take note and comply accordingly,” it added.

AfDB hopefuls miss chance to lay marker in Abidjan

Tah and Hott were ready to face the continent’s most influential business leaders, field hard questions, and lay bare their visions for the future of Africa’s premier multilateral lender.

All eyes on South Africa’s big R73 billion problem

This risks escalating tensions among members of the Government of National Unity (GNU), with politically unpopular compromises needed.

Italy affirms partnership with African Development Bank under the Mattei Plan

The delegation comprised representatives of institutions charged with implementing the Mattei plan for Africa

Reforms transforming Nigeria into investment hub – Envoy

The High Commissioner pointed to Nigeria’s bold moves, such as the abolition of the fuel subsidy and the unification of the exchange rate system.

South Africa’s electricity transmission market to be opened up

In recent years, the country has faced major transmission constraints in areas that are rich in renewable energy resources

SARS coming after one group of South Africans hard

This drive will focus on low-hanging fruit like undisputed tax debt, which appears to be SARS’ strategy for bolstering revenues without implementing new taxes.

South African fund manager slapped with R3 million fine

The specific provisions that Ninety One fell afoul of relate to the risk rating of its clients, and performing customer due diligence to determine whether transactions were tied to terror financing.

Budget 3.0: Provincial budgets in the firing line?

Meeting between minister of finance and all provincial finance MECs set to take place on Tuesday.

Six Nigerian banks spent N36.4bn on security in 2024

Security is not the only structural cost weighing on Nigerian banks.

Regulation,Tax & Compliance