Managers of Wealth Africa

South African Reserve Bank running out of time

The Reserve Bank and the National Treasury have been in talks to lower the country’s inflation target for months, with no official change announced yet.

South African Post Bank Faces Prolonged Delays in Securing Full Banking Licence Amid Governance and Compliance Hurdles

This hold-up has sparked worries about the bank’s future and its role in helping people without easy access to money services.

African banks brace for Eurobond refinancings amid challenging market conditions

Other banks with upcoming Eurobond maturities include Ecobank, the Mauritius Commercial Bank, and about eight Nigerian banks - among them Access Bank, Fidelity and First Bank of Nigeria.

Bank of Ghana sets GH¢2m minimum capital for digital credit providers

Under the new framework, prospective providers must show evidence of the minimum capital in their corporate accounts, supported by a detailed funding plan.

Four banks pay N135bn dividends amid hurdles

Stanbic IBTC Holdings emerged as the highest interim dividend payer, declaring N2.50 per ordinary share of 50 kobo each.

Interest rate uncertainty persists

The future path of US interest rates is unclear, while in South Africa patience will be required, as the transition to structurally lower inflation will take time.

Naira abuse inflates printing expenses, CBN warns

The warning came on Wednesday during the launch of a nationwide sensitisation campaign on proper naira handling, held in Abuja.

MPC signals shift toward accommodative policy

Consequently, the committee lowered its policy rate by 50bps to 27.50%.

Spam calls are killing mobile voice calling in South Africa

This is now under threat as spam calling has become so pervasive that many mobile users avoid answering calls, unless they know the caller.

Recapitalisation: 14 banks meet requirement 6 months to deadline

The CBN governor said the committee also acknowledged the successful termination of forbearance measures and waivers on civil obligors

Bitcoin warning from one of South Africa’s richest women

Bitcoin, which has jumped 82% in the past 12 months, fell 2.3% to $112,735.12 as of 10h18 in Johannesburg.

Central African Banks' Liquidity Demand Hit Record, Defying Central Bank’s Pullback

Demand surge follows March interest rate cut ending tightening

Government blacklists 40 companies, and the major risk to property values in South Africa

It also remains sensitive to the ongoing efforts to reduce the steep US tariffs on imports from South Africa.

The new crime tactic taking South Africa by storm

In South Africa, cases linked to deep fake manipulation have surged by 1,200% in just a year.

Ghana government aims to curb GH¢2.36b annual losses in procurement – Deputy Finance Minister

He described this as a drain on resources that should be used to build hospitals, schools and climate-resilient infrastructure.

Get ready for National Minimum Wage changes in 2026

Along with the extension, the commission has also called on stakeholders to complete an online survey and questionnaire, which will also go into consideration in the final report.

Reserve Bank chooses to hold rates

Reserve Bank governor Lesetja Kganyago said that global markets appear to be resilient in the face of market turmoil and uncertainty.

Bank of Ghana cuts policy rate by 350 basis points to 21.5% 

He said in the outlook, headline inflation was expected to drop to within the median term target of 8 plus or minus 2 per cent by the end of the fourth quarter.

African Development Bank Group President Ould Tah pays courtesy call on President Ouattara

Ould Tah expressed his gratitude to the Ivorian leader for the support he received during his election in May becoming the ninth president of the pan-African multilateral institution.

Nigeria: Naira appreciates below $1.004 against dollar first time since February

This stability in the black market rate suggests a potential shift towards a more unified exchange rate regime

Regulation,Tax & Compliance