Managers of Wealth Africa

African Development Bank Group launches up to USD 5.1 billion response plan to offset energy and fertilizer shocks in African countries

The Bank’s new Global Energy and Fertilizer Crisis Response Framework gives us a way to respond to the pressures African farmers are facing as the conflict in the Middle East disrupts global trade

Alarm bells for anyone with banking apps on their phones in South Africa

The average loss per incident was R21,865 last year, compared with R19,095 in 2024 and R20,649 in 2023.

Nedbank gets approval for R13.9 billion acquisition

This approval removes another obstacle in the South African bank’s expansion into East Africa and brings Nedbank closer to finalising the R13.9 billion transaction.

Nedbank gets CBK approval to acquire 66pc stake in NCBA

NCBA was formed in 2019 following the merger of NIC Group and Commercial Bank of Africa.

Ghanaian Bank Credit Profiles Improve on Stronger Operating Environment

The Positive Outlook reflects Fitch’s expectation of continued fiscal prudence and further building of external buffers.

State Payment Delays Leave Private Sector With €1.17bn Debt

At the meeting, Massingue warned that excessive payment delays are forcing contractors to absorb additional financial costs, compromising contract execution and, in some cases, threatening the very survival of their businesses.

BoG deploys AI to improve inflation forecasting and economic data gathering – First Deputy Governor

He said the tools are helping the Bank improve its forecasts and provide better information for monetary policy decisions.

The dangers of over-regulating crypto

Proposed new exchange-control rules could cripple South Africa’s crypto industry, undermine self-custody and push transactions offshore, warns MoneyBadger CEO Carel van Wyk.

CBN seeks to tighten screws on bank holding companies

The Central Bank of Nigeria (CBN) has turned its attention to controlling the growth and influence of some of the country’s largest banks.

Botswana central bank keeps key interest rate at 5.5%

The central bank lowered its average inflation forecast for 2026 to 7.9% from 9.0% projected in June

CSCS to slash retail lien fees, scrap family transfer charges in fresh pricing review

Retail lien fees have been cut from 0.25% to 0.125%, a 50% reduction for retail clients transacting below N100 million.

Group urges lawmaker to facilitate establishment of commercial bank in Enugu West

Newsmen report that Awgu is one of the Local Government Areas in Enugu State.

CBN urged to expand oversight of fintech, cloud risks

Cloud computing is becoming a particularly important part of that equation.

Competition Commission moves to prosecute big banks for rand manipulation in South Africa

In the presentation, the Commission contextualised the recent Constitutional Court ruling that cleared most of the accused banking groups from the investigation, including major local banks.

Ugandan tycoon Patrick Bitature ordered to pay $256,136 in consultancy dispute

A Ugandan court has ordered tycoon Patrick Bitature to pay a consultancy about Shs954 million ($256,136), plus interest, over two stalled property projects.

Criminals hit major bank and its customers for R129 million in South Africa

The bank reported that total operational risk losses rose to R369 million for the six months ended 30 June 2026, from R240 million during the same period in 2025.

Good news for the rand

The local unit has shown remarkable resilience this year, suffering alongside other emerging market currencies at the onset of the US-Iran war, but supported by solid local economic fundamentals.

New rules for R150 trillion market in South Africa

South African rand-linked OTC derivatives traded onshore and offshore exceed R150 trillion in value, according to the central bank.

NITDA warns Zoom users over vulnerability that could allow attackers take over accounts

NITDA-CERRT advised users to update affected Zoom applications immediately and implement additional security measures, including multi-factor authentication (MFA).

NAICOM confirms seven more insurance companies have met capital requirement

The Commission said seven of the eight insurance companies that were previously undergoing final verification and regulatory review have now been confirmed as compliant with the new capital thresholds.

Regulation,Tax & Compliance