Managers of Wealth Africa

No more ‘prime’ – Reserve Bank wants key rate to be used to price loans

Plans to phase out the prime lending rate and replace it with its own benchmark interest rate.

Another big turn for the rand

Warsh was initially expected to be hawkish on US rate cuts, but has since come out as more dovish than those early impressions suggested.

China to implement zero tariffs on imports from 53 African countries

China will ‌also continue ⁠to ⁠push for the negotiation and signing ‌of ⁠joint economic partnership pacts, and further expand market access for African exports

UBA unveils diaspora banking to connect Africans with opportunities

This platform represents a transition from simple money transfers to a financial ecosystem

Land Bank declines to confirm R50m ransom claim as cyber investigation continues

It remains unclear whether any ransom was paid.

Flawed policy and tariffs deepen SA’s municipal power crisis

At the centre of this issue is Nersa’s annual tariff determination process.

CBN approves BDCs’ return to forex market, allows purchase of up to $150,000 weekly

Third-party transactions were prohibited, while cash settlements were capped at 25 per cent of each transaction

Zimbabwe’s ZiG, a mirage on the far horizon

Inflation or no inflation, the ZiG is all but a mirage shimmering on the far horizon

SARS freezing bank accounts of one group of taxpayers

Instead of sticking to their mandates, he believes the authorities are trying to overlap into each other’s jurisdiction and causing confusion.

IMF sends a warning to South Africa

Economic prospects for 2026 are looking better, with GDP growth expected at 1.4% in 2026 and rising to 1.8% over the medium term.

Technology key to implementing new tax laws – Adedeji

Nigeria has recently enacted a new set of tax laws, representing the most significant restructuring of our nation’s fiscal legislation in 50 years.

Nigeria must reduce debt reliance, says Edun

He noted that the world was retreating from multilateral cooperation, with countries prioritising domestic interests and scaling back cross-border financial support.

Cybersecurity threats in Ghana: A comprehensive analysis

As cybercriminals grow more sophisticated, Ghana faces new and evolving digital threats that impact individuals, businesses, and national infrastructure.

CBN approves $150,000 weekly FX sales to BDCs

In the circular, the Central Bank of Nigeria said the move was aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users.

Umbrella fund governance goes beyond headline fees – Sanlam

Trustee independence, transparent total costs and data-driven decision-making matter more than headline pricing.

Loan losses: Six banks post N1.49tn impairment charges

Non-interest lender Jaiz Bank reported impairment charges of N452.08m in 2025, up from N166.33m in the prior year.

50 Days To Go: Banks Consider Scaling Down to Meet Recapitalisation Deadline

For regional non-interest banks, they are now to have a capital base of N10 billion, up from N5 billion.

Scam Signal launches in South Africa to tackle APP fraud and combat financial crime

This type of fraud is particularly significant because, unlike unauthorised transactions, victims have willingly initiated the payments, making it more challenging for banks to halt or reverse the losses.

Why South African banking giant Absa is staying out of Ethiopia—for now

Under the new rules, foreign institutional investors are capped at a 40% stake in local banks, while foreign nationals may hold up to 49%.

FX reforms, compliance drive Nigeria’s removal from EU’s high-risk list

Nigeria’s exit from the EU’s High-risk List is expected to enhance global trust and partnership for the domestic economy.

Regulation,Tax & Compliance