Managers of Wealth Africa

CBN Issues New Order to Access, Zenith, UBA, Others on Foreign Card Use for Tourists

It applies to all deposit money banks and non-bank acquirers operating within Nigeria’s payment ecosystem.

Morocco’s apex bank outlines monetary policy, financial reforms

This will include monetary reforms, financing the economy, and modernising the financial system.

Treasury closes municipal money taps

‘Process flawed’ says Salga.

Lower inflation target set to reshape rand’s long-term path

With policymakers and analysts agreeing it could curb a long-term track record of weakness.

EU pledges deeper security cooperation with Nigeria

While congratulating Oluyede on his recent appointment, Ambassador Mignot reaffirmed the EU’s commitment to supporting Nigeria in overcoming its security challenges.

The African Development Fund approves a $9 million grant to boost climate resilience in Tanzania’s Mkondoa catchment

Approved on 12 December 2025, the Enhancing Climate Resilience on Water Resources in Mkondoa Catchment project will be financed through the ADF’s Climate Action Window.

Morocco’s main bank forecasts 5% growth in 2025

The Moroccan central bank estimates that economic growth in Morocco should show a notable acceleration in 2025, before consolidating to an average of 4.5% over the following two years.

Fraud warning from the largest insurer in South Africa

Sanlam advised consumers to be extra cautious amid a sharp rise in impersonation and investment scams.

BoG Governor urges banks to support real sector after policy rate cut

He therefore urged banks to take advantage of the lower policy rate to expand financing to these businesses.

New law in South Africa bringing big changes for families and employers

The ruling is seen as a significant victory for inclusivity. It can ensure that mothers are not excluded from the workforce, while still allowing them to have a parent present in the early months.

Nigeria’s wealth rooted in citizens’ creativity, not oil – Tinubu

He said his administration is poised to building citizens’ skills base to drive the country’s next phase of growth.

Reps move to regulate CBN operations

The proposed legislation, co-sponsored by the House Leader, Prof Julius Ihonvbere, and Lagos lawmaker, Jesse Onakalausi, received unanimous support during plenary.

Here is the possible National Minimum Wage hike for 2026

The department then considers it and announces the changes early in the new year for implementation from March.

CBN delists non-compliant BDCs

Under the revised BDC Guidelines, existing operators were initially given six months, from 3 June to 3 December 2024, to satisfy the new regulatory conditions.

Fed cuts rates with three dissents, projects just one cut in 2026

Economic data remains mixed: unemployment has risen to 4.4%, while inflation continues to sit above the 2% target.

SSNIT implements new Annual Pensioner Certificate Renewal Policy for all pensioners

The state pension trust further noted that any SSNIT branch nationwide will support accessibility and inclusion.

Kenya’s central bank lowers main lending rate by 25 basis points

Kenya’s inflation was at 4.5% year-on-year in November, slightly lower than the previous month’s reading of 4.6% and within the 2.5%-7.5% target band.

Major South African trading platform fined R2 billion

Other directors and key individuals were fined a combined R35 million.

Thousands of jobs in South Africa can be saved

As part of the committement, a joint multi-stakeholder task team comprising Eskom, the two producers, and government representatives will be established, with the main focus being on electricity pricing.

Track LG funds, demand transparency, Natasha urges Kogi Central residents

She stressed that citizens must take ownership of governance at the grassroots.

Regulation,Tax & Compliance