Managers of Wealth Africa

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.

Thousands of employers in South Africa not paying pensions – R5 billion lost and counting

This was revealed after the Financial Sector Conduct Authority (FSCA) published the names of some pension funds and employers with arrear contributions.

Recapitalisation: Three banks to raise over N500bn in rights issue

UBA’s Rights Issue aims to raise N239.4 billion, through the issuance of new Ordinary Shares to our shareholders.

No evading responsibility for corporate fraud and corruption

New legal mandates and practical solutions.

FSCA wants reasons for high two-pot withdrawal fees

While it is no price regulator, it may insist on transparency, disclosure, and fairness of fees.

How much you’ll save on your bond after the latest interest rate cut in South Africa

South Africa’s inflation rate has seen a dramatic decline, dropping to 2.8% in October 2024 from 3.8% in September—the lowest level since February 2021.

Reserve Bank cuts interest rates by another 25 basis points

Despite this, economists predicted that the MPC would take a cautious approach, given the riskier global economic environment.

Hopes dashed for bigger interest rate cut in South Africa

Investors bet his policies on tariffs and tax cuts may see the Federal Reserve cut rates by less than forecast.

The Bank Square is a symbol of the nation’s progress, resilience – Governor

This centralisation, he noted, is crucial for fostering better coordination, communication, and cost-effectiveness in the bank’s operations.

Africa negotiators call for ambitious new climate finance target of $1.3 trillion annually

Among the least responsible for global emissions, the continent suffers some of the most severe impacts of climate change, losing an average of 5% of GDP annually to climate disruptions.

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