Managers of Wealth Africa

African governments look to Islamic finance after Benin sukuk success

Egypt leads Africa sukuk sales as 2025 volume hits $3 billion

Bank of Ghana announces lowest policy rate in four years at 15.5%

Dr Asiama assured that the Committee would continue to monitor developments closely

CBN, UK investors chart path for long-term capital

He added that development finance institutions, which provide long-term funding and promote strong corporate governance, are important partners in Nigeria’s ongoing economic reforms.

World Bank offers $250bn procurement window to Nigerian firms

This is what has been approved by our Board and is available to be delivered in projects and financing to governments across the world.

Central Bank Cuts Key Interest Rate for 12th Consecutive Time to 9.25%

The CPMO considers these factors as justification for the current rate cut, while warning that the country is approaching the end of the current MIMO rate easing cycle.

South Africa renews business-government pact to boost growth‘

While we have achieved much, there is much that we need to do,’ President Cyril Ramaphosa said.

Cedi depreciates 4.0% to dollar in January 2026 – BoG

In the retail market, the local currency sold at GH¢12.00 to one American greenback.

Another turn for interest rate expectations in South Africa this week

One of the key drivers of the rosier outlook for interest rate cuts is the rand’s standout performance, which has strengthened significantly on Monday.

Ramaphosa launches important new laws for South Africa

The COIDA structure that employers will be most familiar with is the Compensation Fund, which companies and private households contribute to on a monthly basis.

Reality check for the rand

As a result, markets swooped on gold, with financial services giant HSBC predicting it could reach $5,000 in the first half of 2026.

Bad turn for interest rate expectations in South Africa

The rise in inflation from 3.5% in November 2025 was driven by rising food, fuel and housing and utilities costs.

Sequential decline of DMBs’ credit

Notably, this marks the second consecutive decline in banking system credit

Nedbank launches R14bn bid for East African lender

Proposed deal will see NCBA become a subsidiary of Nedbank.

Another blow for domestic workers in South Africa

Moreover, when looking at the real increases, which also account for inflation, domestic workers only recorded a 0.4% increase in December 2025.

The end of prime in South Africa

The central bank confirmed earlier this month that it is reviewing the rate that has been fixed at 350 basis points above the country’s monetary policy rate since 2001.

Kenyan shilling gains against British pound, holds versus US dollar, Tanzania and Uganda shillings

One US dollar exchanged at KSh 129.24 at the close of the week that ended on July 10, the same as that on July 3.

Bad data, not bad rules, driving transfer pricing risk in Africa

Friction and disputes between taxpayers and tax authorities continue to rise.

Another warning for WhatsApp users in South Africa

“Yet most South Africans have no idea how these messages are treated in court, what counts as admissible evidence, or how quickly a casual chat can escalate into a defamation claim.”

Experts urge broader insurance upgrades beyond recapitalisation

Igbiti stressed that skills development is central to the industry’s future, arguing that professionals must upgrade both their technical capacity and mindset to keep pace with increasingly informed clients.

Gold for Reserves losses should be in the national budget – IMF

This has raised concerns, with the Governor of the Central Bank calling for a national response to address the losses and improve efficiency, while the government has taken on the costs incurred under the programme.

Regulation,Tax & Compliance