Managers of Wealth Africa

T-bills auction: Government exceeds target by 77%; but to pay more for one-year bill at maturity

The government received GH¢10.03 billion of the bids from the investors.

CBN’s proposed HoldCo capital rules could trigger investor fatigue, shareholders warn

The concerns come as the July 9, 2026 deadline for stakeholder comments on the draft guidelines elapsed.

Rand takes a hit

Trump called the ceasefire “a waste of time” after the US launched strikes against Iran in response to attacks on ships transiting the Strait of Hormuz.

SARS nailed for R35 million

The court ruled in favour of QI, overturning the SARS Commissioner’s decision that held QI liable for over R35 million related to fuel shipments transported from Mozambique to Zimbabwe and Botswana.

Fitch warns climate risks could weaken Nigerian banks’ credit quality

Agriculture-related borrowers also face growing uncertainty as extreme weather events, including floods and droughts, become more frequent and severe.

SARS clarifies new mandatory travel rule for people entering or leaving South Africa

SARS said the system has been implemented to strengthen data integration and enhance the monitoring, analysis, and reporting of cross-border activities.

Pensioners hail Tinubu over N39.6bn arrears payment

He said the gesture, alongside other pension interventions by the Federal Government, had strengthened confidence in the administration’s commitment to the welfare of elderly citizens.

The bank account scam that could land victims in jail in South Africa

Makhetloane shared an example in which a malicious actor reaches out to someone on social media.

Another company South Africans are being warned to steer clear of

The regulator also alleged that financial advice was being provided by individuals who were not authorised representatives

FNB removes initiation fees from its Credit Switch solution

FNB removes initiation fees from its Credit Switch solution as more South Africans look to simplify debt repayments

Africa's most currencies expected to be stable

Nigeria's naira is likely to be supported by ‌central bank dollar sales

South Africa plans to tap existing rand sukuk bonds this year

The planned rand sukuk issuance comes as government explores multiple funding avenues to support fiscal and economic priorities.

Good news about interest rates in South Africa this month

The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) will meet later this month to set interest rates.

Bank of Ghana governor warns Africa's domestic debt boom is shifting risk to lenders

As banks increase their holdings of government securities, they become more exposed to sovereign fiscal stress while reducing credit available to households and businesses, reinforcing the so-called sovereign-bank nexus.

Ramaphosa announces cabinet reshuffle

The president said the changes to DA positions were made in consultation with the DA as a member of the Government of National Unity.

Ruto urges banks to increase lending to MSMEs as gov't unveils revised policy

President Ruto said the sector faces an estimated financing gap of Ksh.3 trillion and urged financial institutions to develop innovative lending models that support entrepreneurs.

Bank of Ghana tightens sanctions on dud cheque offenders

The notice, numbered BG/GOV/SEC/2026/12, introduces a graduated sanctions regime aimed at deterring offenders and safeguarding the integrity of cheque transactions.

Important digital service which is deeply tied to the South African Reserve Bank and processes R62 billion a month

Before PayShap, South Africa lacked a real-time interbank digital payment facilitator, and its origins can be traced back to the Reserve Bank.

The end of prime interest rates in South Africa

The SARB wants to replace the prime lending rate with the repo rate as the benchmark for all loans currently priced to prime.

M/m recovery in Nigeria’s gross official reserves

During this period, reserves had declined by a combined USD1.3bn, primarily reflecting pressures from external debt obligations.

Regulation,Tax & Compliance