Managers of Wealth Africa

Naira weakens to N1637/$

This decline marks a 0.90 per cent drop in the value of the naira against the dollar, making it more expensive for Nigerians to purchase foreign goods and services.

February 2025 deadline looms for Solar Loan

The case for solar power has moved from protection against load shedding to protection against looming electricity tariff increases.

Financial sector grew by 30% – FG

The financial sector continues to demonstrate resilience, rebounding strongly from the contractions observed in 2021.

Warning over invoicing fraud in South Africa – double check your emails

In the case, Hawarden aimed to transfer the purchase price for a property to Edward Nathan Sonnenberg Inc. (ENS).

Government borrowing on domestic market too high; debt-to-GDP ratio of 82% challenging – IEA

The IEA pointed out that since the government currently lacks access to the international bond market, it is understandable that it is only borrowing from the domestic market.

The woman who watched Ramaphosa’s billions – and now leads one of South Africa’s most valuable companies

She attended primary school in Maseru, and when her family returned to Johannesburg, she completed her schooling at McAuley House Convent in Milpark.

Cut telecom taxes to boost investments, operators tell FG

Wamola explained that the situation was further exacerbated by the difficulty in accessing foreign currency

Green Climate Fund Approves $151 Million for African Development Bank's Climate Resilience Programme in the Horn of Africa

Climate change has led to increased livestock, crop and human diseases, and land degradation, reducing productivity.

Banks extend N75.48tn credit to private sector – CBN

The CPS is a global measure of the banking sector’s balance sheet resilience and contribution to the national economic agenda.

Algeria joins the BRICS New Development Bank

Algeria has been approved for membership in the BRICS New Development Bank (NDB), the country's finance ministry has announced.

South African digital platforms need testing grounds to speed innovation

In recent years, e-commerce and digital services such as fintech have expanded rapidly across South Africa to meet soaring demand driven by the pandemic’s lockdowns.

Banks must do more to improve operational index, says PwC Ghana

According to the Ghana Banking Sentiment Index (GBSI), Ghanaian banks recorded a score of -23.5%, which was better than UAE, UK, Saudi Arabia and Kenya’s respective scores

Big EFT changes for South Africa here next week

This arrangement had many benefits, including the ability for CMA countries to access the South African financial markets.

Reserve Bank wants a new target in South Africa

South Africa is currently experiencing restrictive monetary policy, with the repo rate at a 15-year high of 8.25%.

Flutterwave Secures Licence From Bank of Uganda, and Sets Sights on Young Ugandan Population

Flutterwave shared excitement about the news, highlighting the transformation of the digital payment landscape in Uganda, driven by a young population.

South Africa set for interest rate cuts – what it means for investments

The US Federal Reserve is also expected to cut its interest rates amid lowering inflation and weak job numbers

Shake up for South Africa’s energy departments – with Mantashe still in charge

In the meantime, however, responsibilities and legislation has been split.

Sanlam’s R6.5bn bid for Assupol gets the green light from competition authorities

Budvest and IFC provided irrevocable undertakings to vote in favour of all the resolutions required to implement the Scheme of Arrangement.

Diamond Trust Bank Adopts UN Principles for Responsible Banking

This is part of DTB's broader Sustainability Master Plan and aligns with its dedication to responsible banking practices

Ramaphosa signs law creating a new state-owned company for South Africa

The agency can get financing for new projects through new models that attract private investment.

Regulation,Tax & Compliance