Managers of Wealth Africa

Major South African bank hit with sanctions

As a result, the PA has imposed administrative sanctions on the bank, including four cautions not to repeat the conduct that led to the non-compliance, as well as a R3 million penalty.

Expert urges government to establish infrastructure finance bank

Such a bank must offer single-digit interest rates, longer tenures, and the technical expertise to understand project lifecycles, contracts, and risk. It would become a true financial partner to the sector, helping unlock the kind of patient capital that

Government and Organized Labour agree on 9% increase in base pay for 2026

The agreement said the Government was committed to engage with the Unions on outstanding Conditions of Service issues while the parties shall regularly engage on the management of the economy.

SEC to clamp down on unlicensed online investment schemes

Dr. Avedzi stated that SEC will collaborate with the judicial arm of government and law enforcement agencies to clamp-down on online fraudulent schemes which promises unrealistic returns.

20 new bank branches for Smart ID and Passports in South Africa are on the way

The pilots will also identify any refinements needed to optimise the service.

Ethiopia’s Debt Tightrope Tests the National Bank

Confidence moves carefully here, taking small, measured steps rather than bold leaps.

Digital fraud surges as AI reshapes financial crime in South Africa

Phangela Group CEO Christopher Thornhill said criminals were exploiting South Africa’s high connectivity and still-developing regulatory frameworks to conduct AI-assisted scams at scale.

The African Development Bank Group and the Republic of Congo strengthen partnership for economic diversification and regional integration

The discussions also highlighted national priorities in terms of economic diversification, infrastructure development, energy, agriculture and regional integration.

BoG pushes open banking and digital ID to strengthen national payment systems

The Deputy Governor emphasised that as Ghana’s digital economy continues to mature, maintaining public trust and system integrity will remain a central pillar of the Bank’s regulatory approach.

Banks must back innovation, not just big corporates — Wale Edun

He commended the Central Bank of Nigeria (CBN) for maintaining monetary discipline under its current leadership, describing the tight policy stance as a necessary step to curb inflation, stabilise the financial system, and restore investor confidence.

FG begins disbursement of tertiary institution staff support fund

This is contained in a statement made in Abuja on Thursday by the Director, Press and Public Relations, Federal Ministry of Education, Mrs Folasade Boriowo.

Nigeria, South Africa removed from global money-laundering watchlist

The FATF, a global watchdog that tracks how countries combat money laundering and terrorist financing.

South Africa: Updates to GloBE reporting

Updates to various aspects of global anti-base erosion (GloBE) reporting

Govt has locked GH¢60bn at Central Bank to tame inflation — Oppong Nkrumah

“This government has continued with the tight monetary policy until I think the last one, when they eased it a bit.

New rooftop solar rules for South African households come with a big catch

The new, simplified rules only apply to Eskom Direct customers, leaving those connected through major municipalities still facing expensive and complicated approval processes.

Nib International Bank Reports 2.9 Billion Birr Loss

The revaluation was triggered by the government’s recent policy to unify Ethiopia’s multiple foreign exchange markets, which significantly altered the exchange rate landscape.

Ghana government announces GH¢75.70b treasury issuance for Q4 2025

To meet these targets, the Government would conduct weekly primary auctions for 91-day, 182-day, and 364-day Treasury Bills.

Bank of Ghana revises forex bureau licence renewal fee to GH¢2,000

The new fee represents a 300 per cent increase.

BoG to cut policy rate further to 19%

The headline Consumer Price Inflation declined sharply by 210 basis points to 9.4% year-on-year in September 2025, falling faster than IC Research’s forecast decline of 190 basis points.

Disaster for South Africa with 40,000 more jobs on the line

The central bank noted in its Monetary Policy Review this week that it expects South Africa’s economy to grow moderately in 2025 and 2026, but will not breach above 1.5%.

Regulation,Tax & Compliance