Managers of Wealth Africa

Kenyan shilling gains against British pound, holds versus US dollar, Tanzania and Uganda shillings

One US dollar exchanged at KSh 129.24 at the close of the week that ended on July 10, the same as that on July 3.

Bad data, not bad rules, driving transfer pricing risk in Africa

Friction and disputes between taxpayers and tax authorities continue to rise.

Another warning for WhatsApp users in South Africa

“Yet most South Africans have no idea how these messages are treated in court, what counts as admissible evidence, or how quickly a casual chat can escalate into a defamation claim.”

Experts urge broader insurance upgrades beyond recapitalisation

Igbiti stressed that skills development is central to the industry’s future, arguing that professionals must upgrade both their technical capacity and mindset to keep pace with increasingly informed clients.

Gold for Reserves losses should be in the national budget – IMF

This has raised concerns, with the Governor of the Central Bank calling for a national response to address the losses and improve efficiency, while the government has taken on the costs incurred under the programme.

Bill proposes tougher new laws around money flow monitoring

National Treasury invites public comment.

Bank of Ghana injects $10b into economy to stabilize cedi

The BoG’s intervention has contributed to the cedi’s appreciation, with the currency gaining 13.9 per cent against the dollar in October 2025.

Europe gives South Africa the green light

The country was added to the grey list for failures in its response to illicit financial flows, including money laundering and the funding of terrorism.

Important deadline for employers in South Africa coming this week

The new law primarily applies to businesses that employ 50 or more people and aims to align with the country’s demographics at all levels.

Policy easing and banks’ strong capital buffers to lift PSCE

The data reflects lending across the entire banking system

Warning for anyone using WhatsApp in South Africa

Scam messages are now becoming almost indistinguishable from legitimate ones.

Ghana government raises GH¢9b above target in oversubscribed Treasury Bill auction

The figure represented a 20.07 per cent oversubscription of the government’s initial target of GH¢7.564 billion, indicating strong investor confidence at the start of the fiscal year.

Mahama gov’t clears $1.47bn energy sector debt, restores World Bank Guarantee

The Ministry noted that the guarantee, established in 2015 under a previous NDC administration, was critical in unlocking nearly US$8 billion in private sector investment through the Sankofa Gas Project.

Central bank sets strict Ghana Card rule for financial transactions

The central bank said the revised Supervisory Guidance Note replaced all previous versions and introduced a mandatory requirement for customer identification and verification.

BVN enrolments rise 6% to 67.8m in 2025 — NIBSS

NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.

Big shift for interest rate expectations in South Africa

Following the South African Reserve Bank’s 25-basis-point cut at its final meeting in November 2025, most commentators believed the central bank’s next move would be to pause and assess the impact of the cuts made that year.

African Development Bank debars IYA S.A.R.L. for 20 months for Fraudulent Practice

During the debarment period, IYA S.A.R.L. and its affiliates will not be eligible to participate in Bank Group-financed activities.

Big win for the South African Reserve Bank

It also argued that a lowering of the inflation target would eventually result in lower interest rates, which would boost the economy.

NRS boosts e-invoicing compliance with Pillarcraft accreditation

This means companies will either have to build or integrate compliant technology layers into their accounting and enterprise software.

African Development Bank debars IYA S.A.R.L. for 20 months for Fraudulent Practice

During the debarment period, IYA S.A.R.L. and its affiliates will not be eligible to participate in Bank Group-financed activities.

Regulation,Tax & Compliance