Managers of Wealth Africa

Central bank cracks down on son of Algeria’s richest man

Omar Rebrab barred from business roles as Algeria’s central bank enforces freeze amid misconduct probe.

Reserve Bank clarifies sanctions on major South African and international banks

The PA has been working in tandem with several government agencies to help South Africa get off the listing, which has coincided with administrative sanction being imposed on the banks, including fines.

African Development Bank provides €120 million partial credit guarantee to back sustainability-linked loan for Mota-Engil Africa

The company’s robust pipeline includes projects in the transport, mining, water, and urban infrastructure sectors

Ghana sees economic recovery backed by policy coordination: central bank

The governor said that the outcomes are more than just statistical improvements but mark a restoration of macroeconomic credibility.

South African and Middle Eastern employers urged to review and adapt harassment policies 

Organisations should conduct assessments to ensure managers and workers are not only aware of the existence of such policies but actively implement the values of those policies

Eight banks record N156bn impairment charges

The impairment charges, often referred to as loan losses or credit losses, reflect provisions set aside by banks to cover potential defaults and deterioration in the value of their financial assets.

Interest rate hope for South Africa

The SARB’s Monetary Policy Committee (MPC) will meet at the end of the month to vote on the next move.

New laws coming after spam calls in South Africa

Legal experts at Cliffe Dekker Hofmyer said that South Africans could be forgiven for feeling that every second call they receive is a spam call.

South Africans and their assets under siege

The Financial Sector Conduct Authority will spend R200 million over the next 18 months to build up the supervisory muscle to beef up monitoring and enforcement.

Ghana issues first ITMOs to Switzerland under Paris Agreement

This development positions the country as the first African country and only the second globally to complete such a transaction under the cooperative mechanism of the Paris Agreement.

Use pension funds to bridge infrastructure gap — Dr Ofosu-Dorte urges govt

He said pension funds represented patient capital with long-term maturity horizons, making them ideal for infrastructure investments that required time to yield returns.

BoG to cut policy rate by 300 basis points to 25% – IC Research

With the real policy rate widening to 14.3% in June 2025 as against 9.6% in May 2025 and core inflation firmly in single digit, IC Research thinks the MPC has room for a deeper cut beyond its revised call.

South Africa’s central bank could lower CPI goal in July

As soon as its policy meeting at the end of this month.

Ghana cedi gains strength against US dollar year-on-year

On June 30, 2025, the rate stood at GH¢10.31, emphasising the appreciation.

African Development Bank approves $474.6mln loan to support South Africa's infrastructure governance, green growth

This IGGGP is the second phase of the Bank's strategic support for South Africa's Just Energy Transition

CBN Directs Banks to Submit Capital Plans, Gives 10 Days Deadline

The transitional framework, according to the CBN, is designed to support affected banks in restoring full prudential compliance while promoting macro-financial stability.

Criminals targeting South Africans using banking apps and digital wallets on their phones

Once a phone is stolen, fraudsters can bypass security features by decrypting or jailbreaking it and adding their own biometric data.

FG fines Multichoice N766m over privacy breaches

The depth of data processing by Multichoice is patently intrusive, unfair, unnecessary and disproportionate.

Ghana Approves $360mln World Bank Loan to Support 2025 Budget

The funds will mainly be used to clear outstanding payments owed to road sector contractors, strengthen social safety nets, support vulnerable groups, and ultimately reduce poverty levels in the country.

Lagos to enforce mandatory health insurance for residents

The order mandates that residents must show evidence of enrolment in a health insurance scheme before accessing public health services, excluding emergencies.

Regulation,Tax & Compliance