Managers of Wealth Africa

British and French withdrawal could be a boon for African banks

Many European banks are seeking to focus on their core markets, in line with the wider commercial trend of companies in many sectors minimising their risks.

KDF Warns Kenyans of Global Scams Targeting Banks

Major General John Nkoimo, speaking on behalf of Defence Cabinet Secretary Soipan Tuya, issued the caution during the launch of a specialised training programme on countering terrorism financing and money laundering on Monday.

African Development Bank demonstrates continued support to AU peacebuilding efforts in Ethiopia

The AU-MVCM is a key peace support mechanism mandated to monitor, verify, and ensure compliance with the end of hostilities agreement.

How the South African Reserve Bank's interest rate cut affects your finances

The cut came into effect on Friday, August 1, much to the jubilation of South Africans who were already struggling with the strenuous cost of living.

Botswana Explores Potential Launch of Central Bank Digital Currency

Botswana is following a trend in the region, with the South African Reserve Bank currently running a CBDC pilot project and Namibia, Zambia, and Zimbabwe all in the research phase.

Sarb cuts repo rate to 7%

The central bank ‘will use forecasts with a 3% inflation anchor at future meeting’ – Kganyago.

BoG drops policy rate from 28 to 25%

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, who announced the decision during the 125th MPC press conference in Accra on Tuesday, July 30 explained that the outlook for inflation has improved significantly over recent months

Banks anticipate 2% policy rate cut as BoG concludes MPC meeting

The banking sector views the potential cut as a natural next step following months of disinflation and relative currency stability.

What to expect from interest rates in South Africa this week

Other views from Nedbank and Bank of America say the current data do not show underlying price pressures, and with inflation running low, the MPC is primed to cut.

Ghana earns $370m from oil in first half of 2025 – Central bank

The report shows that Ghana earned $218.63 million from three major crude oil liftings during the period.

Nigeria adopts first African stablecoin framework aligning with global standards

The regulatory shift addresses Nigeria’s economic challenges, including currency volatility and the need for financial inclusion.

CBK to Launch Mobile-First Bond Market Platform for Kenyans

In a detailed procurement document, CBK announced it is seeking a vendor to design, supply and implement the system, which is expected to serve millions of users simultaneously and remain operational around the clock.

More South African entities hit by major security breach

Hackers breached about 400 government agencies, corporations and other groups around the world, although the number could be a lot higher

Govt warns project accountants against funds mismanagement

The Accountant-General of the Federation, Shamsudeen Ogunjimi, gave the warning during the 2025 retreat of the Federal Projects Financial Management Department, held in Abuja on Thursday

Bank of Ghana issues new exchange rate guidelines for shipping sector

These rates must be posted either on company websites or at business premises and clearly communicated to customers prior to payment or invoice issuance.

Almost 50% of Ghana’s GH¢67b payables for 2024 potentially invalid – Report

According to the IMF, a large number of the claims lack supporting documentation, raising concerns about the legitimacy of the obligations recorded.

Interest rate hike warning for South Africa

The Reserve Bank is in the unenviable position of having to navigate a particularly sensitive time.

Naira slips to 1,532.34/$ despite CBN intervention

During the past week, the highest amount that the naira traded for was 1,538/$, and the lowest was 1,515/$ on the NFEM.

AfDB Commits $40M to New Equity Platform for Decentralized Energy

The platform, developed with the World Bank Group and other partners, aims to accelerate electrification for 300 million Africans by 2030

575 mobile lines, 21 bank accounts shut down as war-torn African nation combats terror financing

The government has dismantled illicit financial channels, including deactivation of mobile numbers, freezing bank accounts, and shutting merchant accounts.

Regulation,Tax & Compliance