Managers of Wealth Africa

Mahama challenges global financial system, demands fairer debt reforms for Africa

The President argued that African countries continue to pay a premium for financing even as they pursue growth and economic transformation.

Naira strengthens below N1,360/$, first time in four weeks

The latest appreciation marks the first time the local currency has traded below the N1,360/$ threshold since May 7, 2026, reinforcing signs of improving stability in the foreign exchange market.

Nice surprise for South Africa

Government debt has now stabilised and is forecast to decline this year, and over the medium term, Pieterse said, marking a key milestone in South Africa’s fiscal consolidation efforts.

Development Bank of Nigeria disburses over N1 trillion to MSMEs

The bank’s core mandate is to improve access to finance for micro, small and medium enterprises, which are widely regarded as the backbone of the Nigerian economy.

CBN bets on rules to stabilise FX market

Exporters often questioned whether existing procedures encouraged them to repatriate earnings through official channels.

CBN grants approval to Abbey Mortgage Bank for Commercial Banking

The approval is expected to unlock a major strategic milestone for the company, allowing the bank to expand beyond mortgage financing into comprehensive commercial banking services.

FNB announces new fees starting next month

Several focuses for the group include faster payments, no fees on certain EFT payments and simplified pricing structures.

SARS clarifies new rules for businesses trading with China

Under the scheme, zero tariffs will be implemented on 20 African countries that have established diplomatic relations with China and are not among the least developed countries.

A hold policy decision as expected

In a widely anticipated decision, the committee chose to maintain the Monetary Policy Rate (MPR) at 26.50%, with all other policy parameters remaining unchanged.

Double blow on the cards for South Africa

In his briefing, Reserve Bank Governor Lesetja Kganyago flagged inflationary pressures from the Iran War, with energy prices in particular rising sharply.

Cape Town also gets Moody’s outlook upgrade

City leaders hail the move.

Weekly Economic Review: Central Bank Holds Rates, AfDB Forecasts Recovery, and LNG Boosts Mozambique’s Role

These developments come amid rising external uncertainty, inflationary pressures, and expectations of a gradual economic recovery.

Diaspora Bank Customers Exempted from Fayda Rule After Account Restrictions Disrupt Banking Services

Customers who failed to meet the deadline faced restrictions on withdrawals, transfers and other outgoing transactions.

Ethiopia authorizes commercial banks to issue permits for exports to China

In a move aimed at streamlining the East African country's foreign trade sector, enhancing competitiveness, and creating a more accessible environment for exporters, the bank noted that it has officially lifted the previous restriction.

Labour Department responds to fraud allegations

It also covers medical expenses and lost income for employees while protecting employers from direct financial liability regarding workplace accidents.

FSC intensifies reforms to strengthen Ghana’s financial system

As part of the reforms, the Council adopted recommendations from the World Bank to improve how it operates, make its work more visible, and strengthen coordination among its member institutions.

Bank of Ghana suspends proposed MTN MoMo-to-bank transfer fee

The fee would have applied even when customers transferred funds between their own registered MoMo wallet and their own bank account, a service previously provided at no cost.

Central Bank Dismisses Impact of US$701.4 Million Payment to the IMF

Finance Minister Carla Loveira revealed that the Government used the country’s Net International Reserves (NIR) to repay the debt to the IMF, guaranteeing that the decision did not compromise state institutions.

Ramaphosa signs new rules for businesses in South Africa into law

These policies must be approved every three years, or sooner if material changes are made. Companies will not be allowed to implement changes to remuneration policies until shareholders approve them.

High borrowing costs threaten banks’ credit expansion

Although exchange rate stability remains the apex bank’s primary focus, the prolonged high-interest-rate environment is increasingly slowing corporate lending and credit growth, JIDE AJIA reports

Regulation,Tax & Compliance