Managers of Wealth Africa

Nigeria to lose $215 million as US moves to cut foreign remittances

The bill has passed the US House of Representatives, and if implemented, it would cause Nigerians to lose about $215 million.

The rising risks of rapid FX borrowing

Today, we consider the possible impact if the National Assembly assents to the plan

New laws for worker quotas to South Africa

One of the fundamental meansures the policy brings into play is the use of worker quotas for foreign nationals.

Loophole blocked: Sarb appeals ruling on crypto not being subject to exchange controls

Follows a high court ruling in May that exporting funds via cryptocurrencies does not violate exchange controls.

Ghanaians urged to use RTI law to ask government to disclose information on spyware

This figure is from what is known by researchers, cyber experts and journalists, but the authorities are silent on the matter.

Reserve Bank cuts interest rates by 25 points

For South Africa, data has been lagging.

Private sector credit rises to N77.9 trillion in April 2025

In contrast to the increase in private sector credit, lending to the public sector saw a significant decline.

39 Kenyan Banks Launch New Crackdown on Loan Defaulters

Consequently, the financial institutions are intensifying a crackdown on loan defaulters across the country.

World Bank cuts Kenya's 2025 growth forecast as private sector squeezed

Authorities have managed to keep inflation and the foreign exchange rates stable since last year

African central banks to join EM peers easing rates

South Africa’s MPC is expected to resume its rate cutting cycle and lower the benchmark rate by 25 basis points to 7.25%.

South Africa to cut spending if tax agency doesn't meet target

Godongwana made only minor adjustments to the government's spending plans and deficit projections in a third budget presented on Wednesday

Three South African banks hit with sanctions in six months

These sanctions often include financial penalties and, in some cases, directives to improve internal systems and controls.

A hold policy decision as expected

The naira has faced additional pressure in recent weeks due to FX liquidity constraints

Ghana cedi appreciates by over 11% against US dollar

The Bank of Ghana continues its oversight of these developments.

FG urged to end 50% revenue deductions

The AIMAN president specifically called for the expedited completion and implementation of the long-delayed AIS Automation project.

SARS is coming after employers in South Africa for these 4 things

In the 2024/25 fiscal year, SARS reported a R81.8 billion (12.6%) increase in net personal income tax collections.

AfDB set for a new president, as Ould Tah gains continental endorsement

The search for a new president of Africa’s apex financial institution is officially heating up. Adesina’s tenure is one marked by ambition and accomplishment.

New twist shakes up interest rate expectations in South Africa

This could be enough to be a red flag for the SARB to hold – with talk of lowering South Africa’s inflation target also adding to a more cautious approach.

Access Holdings Sets Benchmark in Fraud Prevention With ₦193.5Bn Tech Investment

The Group reported a 73% drop in fraud-related losses, falling from ₦6.15 billion in 2023 to just ₦1.64 billion in 2024.

African Development Bank approves $304mln loan to support Botswana's fiscal stability and economic reforms

The country’s fiscal deficit widened

Regulation,Tax & Compliance