Managers of Wealth Africa

Rand could break through R15 to US dollar

The biggest driver behind the current rally is an interest rate cutting cycle in the United States, but with confidence on the home front also a factor.

Bank of Ghana reports 455 per cent surge in loan data submissions in 2023

However, in the business loan segment, banks dominated, contributing 67.6 percent of all business-related submissions—a trend that has remained consistent in recent years.

CBK directs financial institutions to switch to international electronic payment standard

The proposed CBK date to go live for the new system is September 30.

Kenyan High Court Rules Privatization Law Is Unconstitutional

The privatization law was meant to accelerate the process of divesting from some state-owned companies

Eight banks rake in N4.8tn from loans

In July, the MPC raised the interest rate by 50 basis points from 26.25 per cent to 26.75 per cent.

The JSE’s problem children

Several listed companies remain suspended due to the late publication of results, and some have other serious problems too.

New financial solution to defend clients against banks overcharging

These include overdrafts, revolving credit plans, medium-term loans, home loans, vehicle assets finance, and thoroughly examines the terms of their lending agreements.

South Africa to lead the way on interest rates

This will result in a cautious rate cycle across Africa for the rest of 2024 and into 2025, with central banks prepared to continue to run quite significantly real positive policy rates to limit currency depreciation.

Streamline, implement new LED policy at MMDA level - Minister urges

The overall policy goal is to create an enabling environment for sustained business growth

Financial sector fraud unacceptable

These cases, the report noted, corresponded to a total loss value of approximately GH¢88 million in 2023 as compared to GH¢82 million in 2022, indicating an increase of about 7%.

Banks borrowed N3tn from CBN in one week

The central bank issued a new directive to boost lending to the real sector

SEC ready to crack the whip on market violators

He explained that the process took time because the SEC wanted to provide market operators an opportunity to rectify any infractions.

SEC strengthens market oversight with rigorous compliance measures

The SEC has also issued investment guidelines to address problematic areas such as related party transactions.

FG, UK ink N589bn pact in eight sectors

He said the timing of the implementation agreement was significant given the downward trend of world economies.

Treasury wants off the grey list in 2025

The country, which was put on the list in February last year, has only completed eight of the action items and aims to complete nine by September, with the rest due in January.

Naira weakens to N1637/$

This decline marks a 0.90 per cent drop in the value of the naira against the dollar, making it more expensive for Nigerians to purchase foreign goods and services.

February 2025 deadline looms for Solar Loan

The case for solar power has moved from protection against load shedding to protection against looming electricity tariff increases.

Financial sector grew by 30% – FG

The financial sector continues to demonstrate resilience, rebounding strongly from the contractions observed in 2021.

Warning over invoicing fraud in South Africa – double check your emails

In the case, Hawarden aimed to transfer the purchase price for a property to Edward Nathan Sonnenberg Inc. (ENS).

Government borrowing on domestic market too high; debt-to-GDP ratio of 82% challenging – IEA

The IEA pointed out that since the government currently lacks access to the international bond market, it is understandable that it is only borrowing from the domestic market.

Regulation,Tax & Compliance