Managers of Wealth Africa

Afreximbank, Woodhall Sign $25m Facility to Support Export Businesses

Stressing the importance of the collaboration with the financial advisory firm, Awani disclosed that around 60% of SMEs struggle with access to finance.

Africa’s increasing finance gap keeps World Bank, IMF, G20 awake

Despite these critical issues, concrete solutions remained limited, with progress on key topics advancing only incrementally.

IMF projects stable yet underwhelming global growth

The growth outlook is based on the global economy's resilience, as recession fears fade.

African Development Bank Approves a $75 Million Participation in Export Trading Group’s Sustainability Linked Loan

Through participation in the Sustainable Linked Loan facility, the financing will be deployed to ETG’s core value chains in 14 countries

South Africa’s big grey hope for 2025

In February 2023, the FATF greylisted South Africa due to inadequate measures against money laundering, terrorist financing, and proliferation financing.

Mamo Mihretu on the radical reform of central banking in Ethiopia

NBE head speaks about monetary policy and exchange rate reform, opening the financial system and a fundamental reset of the economy

Leveraging alternative jurisdictions – South Africa and the British Virgin Islands

No standard structure exists for any family or business, but specific methods and solutions have worked for families for generations.

How to navigate tax implications when emigrating from SA

Non-residents are only liable for tax in South Africa on what is considered South African-sourced income.

BoM: ‘Unique Bank Identification Number is Essential for Reducing Fraud in the Banking System’

The approval of the NUIB Regulation in the country arose from the need to create more efficient mechanisms to guarantee security in financial transactions, adapting to technological developments and new market demands.

Boost for domestic worker salaries in South Africa

This means domestic worker wages rose above the headline inflation figure, ensuring real wage growth of 0.3%.

Good news for salary increases in South Africa

Although salary increases are not the only consideration in a robust total rewards programme, they are a cornerstone.

Trust and company service providers are well placed to help combat financial crime

The sector therefore plays a critical role in South Africa’s efforts to combat financial crime, including money laundering, terrorist financing, and proliferation financing (ML, TF, and PF).

Backlash over Capitec’s crypto-purchase restrictions

The bank has decided to block electronic fund transfers to crypto exchanges, urging customers to use its more expensive Capitec Pay app instead.

Nigeria’s high interest rate will stay for long — W’Bank

At the last Monetary Policy Committee of the Central Bank of Nigeria, the benchmark interest rate was hiked by 50 basis points to 27.25 per cent in a bid to rein in inflation.

Discovery Bank fraud warning

These messages typically include a payment link.

Naira among worst performing currencies – World Bank

The World Bank’s report further highlights that demand for dollars, driven by financial institutions, non-financial end-users, and money managers, has exacerbated the pressure on the naira.

Ecobank Takes Steps to Address Challenges in Nigeria

The rapid decline of the Nigerian currency—from 951.8 naira per dollar at the start of the year to about 1,628.5 naira by the end of July—has put extra pressure on the bank's finances.

PenCom Unveils Service Charter, Automates Pension Clearance Certificate Process

Oloworaran, specifically commended staff for their dedication to service excellence, and being part of the important transformation in the country’s pension landscape.

Absa fraud warning – including a rise in kidnappings

They claim the customer has been a victim of fraud and ask them to cooperate in resolving the issue.

Multinational: African Development Bank Group approves $34.8 million in grants to build climate resilience in Malawi and Zimbabwe

Under the project, insurance payouts will provide timely and adequate financial protection to mitigate losses incurred from climate-related disasters

Regulation,Tax & Compliance