Managers of Wealth Africa

New Core Capital Requirement to Accelerate Kenyan Banking Sector Consolidation

We believe that the aim of the new requirement is to improve the banking sector’s resilience to shocks and to encourage consolidation.

OSP removes former Finance Minister Ofori-Atta from Wanted List

According to the OSP, six days later on February 18, Mr Ofori-Atta through his lawyers has given the OSP a definite date of his voluntary return to the jurisdiction.

FCMB, Union Systems Renew Partnership to Boost Nigeria’s Trade, Finance

“The continued partnership between Union Systems and FCMB affirms the transformative impact of Kachasi on our trade finance operations.”

Naira strengthens at parallel market, weakens on official window

At the official Nigerian foreign exchange market, the naira faced ongoing demand pressure.

South Africa needs new debt rules – and fast

Rising interest payments have been crowding out critical expenditures on services such as health, education and infrastructure.

The ugly truth about South Africa’s new expropriation laws

The issue of perceptions and fears have been in full play since the laws were signed.

Minimum wage warning for employers in South Africa

Workers who are part of the expanded public works programme will earn a minimum wage of R15.83 per hour, an increase from R15.16 in 2024.

Relief for over 15,000 South African jobs

The programme is the largest foreign donor to South Africa’s HIV/AIDS initiatives, having contributed more than R140 billion over the past two decades.

Kenya’s top bank promises to punish other banks that defy its benchmark rate

The decision by the bank resulted from increased pressure on commercial banks to lower lending rates in line with benchmark rate cuts.

CBN scraps free ATM withdrawals for other banks’ customers

Under the new directive, withdrawals made from a customer’s bank ATM will remain free.

African Development Bank’s Climate Action Window channels $31m to boost climate resilience in four countries

The projects will also benefit from $28.13 million in climate co-financing from sources including the Green Climate Fund.

South Africa’s Reserve Bank faces pressure to recover billions lost in Steinhoff scandal

The Steinhoff matter has never been taken off the agenda.

BoG commends Dr Addison for meritorious service

The statement said the decision of Dr Addison to take his accumulated leave ahead of his retirement had received approval by the President, John Dramani Mahama.

Work hour warning for employers in South Africa

Employers must ensure compliance with the revised minimum wage rates

Afreximbank opens registration for the 2025 Certificate of Trade Finance in Africa

The programme provides in-depth knowledge of international trade finance instruments

Tunisia president sacks finance minister

The presidency gave no further details, nor did it mention outgoing minister Sihem Boughdiri Nemsia.

Banking regulators grilled about racism and discrimination

The regulators and all the major banks were invited to brief the portfolio committee on practices in the banking sector and the regulatory framework.

Morocco Pushes for Stronger African Cooperation in Cybersecurity

The event brings together experts, leaders, and researchers to discuss the critical role of artificial intelligence (AI) and cloud computing in protecting Africa’s cyberspace.

Reserve Bank probed over rand ‘manipulation’, and good news for FlySafair

The dollar last traded about 0.4% weaker against a basket of currencies.

Cyril Ramaphosa addresses Elon Musk over new land law

Last year, Ramaphosa and Musk held talks about potential investments in South Africa, including the billionaire’s Starlink business.

Regulation,Tax & Compliance