Managers of Wealth Africa

Ethiopia central bank says foreign banks can apply for licences

In December, parliament approved a long-awaited law to allow foreign banks to establish subsidiaries, open branches or representative offices, and buy shares in local banks.

Africa needs its own financing system

It is the result of years of chronic underfinancing, which forced countries to borrow for even the most basic investments.

Three banks hit with sanctions in South Africa

It oversees banks, insurers, and other financial institutions to safeguard the soundness of the financial system and promote economic stability.

Nigeria to adopt global actuarial rules

This is no small task. It will require comprehensive curriculum redesign

Access Holdings GCEO recommits to strong governance

Access Holdings followed closely with a 91st percentile ranking.

FG’s revenue jumps 40% to N6.9tn in four months

Edun made this known in Abuja on Monday during the second quarter 2025 Citizens and Stakeholders’ Engagement Session on fiscal performance and reform outlook.

Central African Republic: African Development Bank Strengthens Capacity to Tackle Illicit Financial Flows and Manage Resource-backed Loans

The capacity-building sessions introduced a suite of practical tools and analytical methods for detecting and addressing IFFs in the Central African Republic.

Unclaimed benefits: The crisis of 2.75 million dormant SSNIT accounts

The situation is alarming; countless contributors pass away, leaving behind unclaimed benefits that could provide crucial financial support to their families.

Naira strengthens over CBN intervention, FPI inflow

Analysts also alluded the development to the resilience of the naira to foreign exchange inflows from foreign portfolio investors.

SARS announces eFiling change for tax season 2025

SARS said that the update aligns with its strategic objectives to provide modernised and streamlined services

Bank customers petition CBN over excess charges

This disclosure comes amid an increase and a migration to the end-user billing model for unstructured supplementary service data from charges being deducted from bank account balances

Warning for interest rates in South Africa

The MPC has cut interest rates by a cumulative 100 basis points since September 2024, with average inflation now believed to be firmly in the target range of 3% to 6%.

South African inflation steady as central bank pushes for lower target

The finance minister would need to sign off on changing the inflation target, but discussions are at an advanced stage, Governor Lesetja Kganyago said last month.

Reserve Bank unlawfully interfered in Absa chair appointment, says court

Costs were awarded against the respondents, Absa and the PA.

SEC eyes cross-border trade with stablecoin framework

This approach is designed to foster trust and transparency in the digital assets’ ecosystem, moving beyond mere speculation to support real-world economic activities.

In CBN’s Return to Orthodoxy, FirstHoldco Faces $887m Exposure

The policy had already posed concerns for financial institutions, such as FirstHoldco, with significant forbearance-linked assets.

African Development Bank approves €19.6 million in financing to scale up Cabo Verde’s pioneer in wind and battery storage capacity

The project is the country’s first renewable energy initiative to integrate wind power generation and battery energy storage systems (BESS) at scale.

Regulation,Tax & Compliance