Managers of Wealth Africa

A new type of mafia is targeting your bank account in South Africa

The situation highlights vulnerabilities in digital payment systems and exposes the broader implications for the e-commerce industry.

African Development Bank and Bank of Africa SA sign EUR 50 million risk-sharing agreement to support development of SMEs and boost African trade

The risk-sharing agreement will enable Bank of Africa SA to provide more support to local African banks in their international operations, by allowing them to increase financing and confirmation lines with foreign counterparts.

CIBA rejects president’s appointee over legal breaches

The controversy centres on a presidential appointment letter dated November 29, 2024

Trouble for South Africa’s big banks over fees

These practices, he noted, stifle economic growth and innovation.

Exxaro CEO suspended over governance practices

The company has seen several key executives resign in recent months.

Sarb, climate shocks and the economy

We asked South Africa’s central bank what role it plays in bringing stability.

IMF approves $360m third tranche loan for Ghana

This brings the disbursements under the ongoing three-year $3 billion Extended Credit Facility  arrangement to about $1.9 billion, since May 2023.

South Africans hit with major “FACEBK” card fraud

One Absa customer also reported that they were targeted, but that the bank blocked the fraud attempt before the money went off.

Warning for interest rates in South Africa

Inflation at the time was also low, a sign of economic slack or idle resources.

East African banks turn to SME lending, but credit gap remains

The IFC alone has committed $4 billion in 2024 for MSME financing globally, focusing on

UBA Expands Global Network with New Banking Hub in France

Expanding into France is a natural progression

6 major scams targeting South Africans and their money in 2024

Nedbank notes that scammers often pose as bank representatives or trusted entities, creating a false sense of urgency to extract personal details.

Minister unveils Digital Economy Policy, Strategy

The policy aims to leverage digital technologies to foster economic growth, improve public service delivery and ensure equitable access to digital resources.

Standard Bank’s new banking fees for 2025 – including a new private account

For transactions, though, some adjustments have been made, especially regarding ATM charges for withdrawals.

Standard Bank signs agreement with IFC to expand local currency lending in Africa

Standard Bank was selected as the partner for this initiative due to its long-standing relationship with IFC

IFC Partners with Standard Bank and Rand Merchant Bank to Improve Local Currency Financing in Africa

IFC will collaborate with Standard Bank and RMB on cross-currency swaps

IMF throws its support behind the Reserve Bank

The South African Reserve Bank (SARB)Governor Lesetja Kganyago said last week that a review of its 3% to 6% inflation target band was getting close to the end.

Reps to summon CBN, banks over unverified POS operators

He called for immediate intervention to avert this ugly situation and “Shield Nigerians from the hands of criminals through the use of the POS system.

Confusion reigns as Friday Zimbabwe Exemption Permit deadline looms

ZEP holders say it will be impossible to meet the deadline while application backlogs at Home Affairs persist.

Ghana’s quest to become financial hub takes a giant leap

The inauguration of the Bank of Ghana's ultra-modern edifice, therefore, marks a significant milestone in Ghana's journey to become a financial hub in the sub-region.

Regulation,Tax & Compliance