Managers of Wealth Africa

Bank of Mozambique Holds MIMO Rate at 9.25% for Fourth Straight Meeting

At the previous meeting, held in July, annual inflation had accelerated from 7.2% in May to 7.5% in June.

STN enters Nigeria’s mobile market, takes on MTN, Airtel, others with UASL licence

The company said its strategy will include investment in skills development and training for Nigerian engineers, technicians and digital professionals.

CBK Approves 29 New Digital Lenders as Licensed Providers Hit 281

This development comes after the licensing of 25 digital credit providers in July expanded the number of lenders operating under CBK oversight.

Inflation cools but external risks favour caution

The decision reflected concerns over elevated inflation expectations amid persistent external risks

Economy strong despite global headwinds – Governor

The members of the Monetary Policy Committee (MPC) unanimously voted for the policy rate to be maintained at 14 per cent.

COMESA central banks trained to assess non-bank financial sector risks

Non-bank financial institutions (NBFIs) have become increasingly important contributors to financial intermediation and economic development worldwide.

SARS can take money directly out of your bank account without warning

The company’s bank flagged the transaction, and the recipient’s bank account was subsequently frozen, with the receiving bank ordered to pay funds from the account to SARS.

Mozambique Seeks $1.1bn Coalition to Drive Universal Energy Access by 2030

The meeting brought together development finance institutions, climate funds, cooperation partners, foundations, and private investors.

SA Corporate’s Rory Mackey gets CEO term extension

Comes as he has managed to stabilise the business and reposition the group as a major investor in the residential or multi-family space.

Naira holds strong against the pound post-CBN rate slash

The Nigerian currency’s strength and recovery against major currencies, including the Sterling, can be attributed to a combination of market interventions

Mozambique’s State Procurement Agency to Face Annual External Audits

This oversight mechanism will complement existing supervision by the Administrative Tribunal and the State General Inspectorate.

Experts say CBN’s surprise rate cut could boost growth, pressure FX

While analysts welcomed the move as a potential boost for businesses and economic activity, some cautioned that it could create new risks for foreign exchange inflows and investor sentiment.

New laws coming to South Africa put R2.2 billion deals on hold

The rules could push legitimate digital-asset transactions offshore or underground, they said.

South Africa’s rand catches a small break

Specifically, after the Fed hike, markets have pushed back their expectations of another rate hike.

South African financial regulator holds back on AI rules

It will publish its final report, listed as a Group of 20 deliverable under the 2026 US presidency of the forum, next month.

UBA urges Nigeria, Brazil to deepen trade ties

The UBA boss noted that bilateral trade in goods between Nigeria and Brazil was approximately $2.4bn in 2025

African Bank cutting jobs in South Africa

This comes as the Johannesburg-based lender faces financial strain and instability in its C-suite, with its CEO and CFO having resigned in the span of six months.

High Court shuts down R35 billion Vodacom deal

“The divestiture in question was undertaken and procured in contravention of the constitution and the law. It was therefore invalid, null, and void,” they said.

Mozambique’s Foreign Reserves Fall to 14-Month Low of $3.4bn

The central bank’s latest Monthly Statistical Information Summary shows that reserves declined by approximately $27 million from the $3.4 billion recorded in June.

Kenya Targets Systemic Banks With Higher Capital and Liquidity Requirements

The regulator designed the framework for institutions whose failure could trigger cascading disruptions across the financial system and the real economy.

Regulation,Tax & Compliance