Managers of Wealth Africa

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.

IMF: Nigeria Must Sustain Economic Reforms to Turn the Corner

According to him, reforms in governance and business regulations can lift Nigeria’s output by 6.4 per cent in the next three years.

SARS is coming after taxpayers in South Africa hard with new ‘masterstroke’ move

SARS announced a new tender on 26 August to appoint a panel of specialist tax consulting firms for a period of five years.

CBN lifts suspension on Standing Lending facility

These guidelines include key provisions that will have immediate implications for the financial markets.

Botswana central bank cuts interest rate again by 25 basis points

Dekop added. “Our aim is that this will assist in stimulating economic growth.”

Fidelity Bank Fined N555.8m By NDPC For Data Breach

Fidelity Bank was found to have breached the Nigeria Data Protection Regulation (NDPR) of 2019 and the Nigeria Data Protection (NDP) Act of 2023.

Bawumia pledges to reduce data costs, boost Ghana’s digital hub ambitions

To become a digital hub in Africa, Ghana’s telecom industry needs more investment.

HSBC Explores Sale of South Africa Business

The London-based bank, which now operates in over 50 markets, has been steadily reducing its presence in Western markets like the US, France, and Canada in recent years.

Citi inks referral agreement with Dubai's Network International

Citi has struck a referral agreement with Dubai-based Network International to offer the bank's corporate clients omnichannel payments services in the Middle East and Africa.

Regulation,Tax & Compliance