Managers of Wealth Africa

Court reserves ruling in First Bank, GHL dispute

In its motion to lift the restraining order, GHL contended that the bank did not disclose all the facts to the court before the Mareva injunction was issued.

Capitec Bank fraud warning

Daily Investor recently spoke to Capitec to gain insight into the common scams South Africans should watch out for in 2025.

African Development Bank launches a new GBP 500 million 4.625% 3-year Global Benchmark

The new 3-year GBP transaction marks AfDB’s first Benchmark issuance in 2025 and successful return to the GBP market since 2023.

South African state-owned ‘bank’ faces liquidation

This exemption allowed Ithala to accept deposits temporarily while it worked to regularize its operations.

Multiple interest rate cuts still on the table for South Africa

European countries are also set to impose their sixteenth package of sanctions on Russia.

Banks deserve CBN fines for not loading ATMs – Customers

Each of the banks was fined N150m following spot checks that revealed non-compliance with the apex bank’s cash distribution guidelines.

African Development Bank Launches Pioneering Energy-Efficiency Project in Senegal

From 2019 to 2024, the Bank committed approximately $6 billion to energy projects across Africa.

Kenya banks on trade pact with UAE to grow exports, attract FDIs

The two countries signed a Comprehensive Economic Partnership Agreement yesterday.

Government ups wage hike offer for public workers

To control its finances, the government wants to link public sector pay increases to the consumer price index for the two years after 2025-26, which was a sticking point, De Bruin said in a telephone call on Tuesday.

We’ll abolish betting tax, e-levy in our first budget – Ato Forson insists

Dr Forson also reiterated his strong stance on the controversial E-levy, saying his position on the matter had not changed.

N200bn USSD debt: NCC to name defaulting banks this week

These banks collectively owe a total of N200bn, and the telecom regulator is preparing to take action, including suspending USSD services for the defaulters.

Absa, bankers in trouble for involvement in council political factions

The 2016 and 2021 local government elections both produced a hung council, which led to the municipality being governed by a coalition.

Good news for interest rate cuts in South Africa

South Africa is expected to experience low inflation during 2025

How the the rand could hit R21 to the dollar in 2025

Fewer US interest rate cuts are supportive of a stronger US dollar, which led to to US dollar strengthening in the second half of December and has been instrumental in weakening the rand.

Ghana’s central bank releases draft Open Banking Directive

The Bank of Ghana stated that the Directive has been published to ensure the Ghanaian financial ecosystem remains secure, efficient and “globally competitive”.

FIC clamping down on businesses in 2025

The requirement for filing RCRs is integral to ensuring that the country’s businesses are aware of how they can be used for laundering proceeds acquired through criminal activities.

Interest rate warning for South Africa

Bloomberg Economics projects its aggregate measure of advanced-world interest rates to drop just 72 basis points in 2025, less than it did in 2024.

Ethiopia Central Bank Raises Credit Cap to 18% from 14%

The Committee “recognized the disinflationary trend in the latest monthly inflation data

Heavy penalties in store for FIC non-compliance

Institutions that have not submitted risk and compliance returns could be penalised up to R50,000

Ethiopia, World Bank sign a $700M financing agreement to strengthen the financial sector

The financing supports the government’s recent bold reform to modernize and liberalize banking operations in the country.

Regulation,Tax & Compliance