Managers of Wealth Africa

FG begins disbursement of tertiary institution staff support fund

This is contained in a statement made in Abuja on Thursday by the Director, Press and Public Relations, Federal Ministry of Education, Mrs Folasade Boriowo.

Nigeria, South Africa removed from global money-laundering watchlist

The FATF, a global watchdog that tracks how countries combat money laundering and terrorist financing.

South Africa: Updates to GloBE reporting

Updates to various aspects of global anti-base erosion (GloBE) reporting

Govt has locked GH¢60bn at Central Bank to tame inflation — Oppong Nkrumah

“This government has continued with the tight monetary policy until I think the last one, when they eased it a bit.

New rooftop solar rules for South African households come with a big catch

The new, simplified rules only apply to Eskom Direct customers, leaving those connected through major municipalities still facing expensive and complicated approval processes.

Nib International Bank Reports 2.9 Billion Birr Loss

The revaluation was triggered by the government’s recent policy to unify Ethiopia’s multiple foreign exchange markets, which significantly altered the exchange rate landscape.

Ghana government announces GH¢75.70b treasury issuance for Q4 2025

To meet these targets, the Government would conduct weekly primary auctions for 91-day, 182-day, and 364-day Treasury Bills.

Bank of Ghana revises forex bureau licence renewal fee to GH¢2,000

The new fee represents a 300 per cent increase.

BoG to cut policy rate further to 19%

The headline Consumer Price Inflation declined sharply by 210 basis points to 9.4% year-on-year in September 2025, falling faster than IC Research’s forecast decline of 190 basis points.

Disaster for South Africa with 40,000 more jobs on the line

The central bank noted in its Monetary Policy Review this week that it expects South Africa’s economy to grow moderately in 2025 and 2026, but will not breach above 1.5%.

Ghana cedi to record first ever annual appreciation against US dollar post-redenomination

The steepest depreciations were recorded during the crisis years of 2014, 2022, and 2023, which were marked by fiscal instability and external shocks.

Big inflation target announcement expected soon

The Treasury is in a closed period before the presentation by Godongwana, who’s previously said he’ll make an announcement “as soon as is practical.”

VALR becomes SA’s first licensed crypto derivatives issuer

This enables it to offer derivative contracts and options with underlying assets such as cryptocurrencies, commodities, shares, currencies and indices.

African Development Bank and Angola launch $125 million drive to boost youth entrepreneurship

The project will be co-financed by the African Development Bank ($79.08 million in sovereign credit), the Angolan Government ($29.06 million), and the European Union ($16.08 million).

Africa’s fastest-growing economy sets new rules for foreign stake in local banks

The new directive seeks to attract strategic investors while protecting local control and ensuring financial stability.

New pension rule opens window for ‘side hustles’ savings

The guideline also covers employees in the formal sector who are mandatorily covered under the CPS, but who may wish to make additional flexible contributions outside the mandatory scheme.

Where will the rand go?

It is holding on to its recent gains, but economists warns against volatility and downside risks.

Government Plans to Hire Nearly 4,000 New Public Employees in 2026, About 600 for Criminal Investigation

Of the total planned hires, 600 will be assigned to the National Criminal Investigation Service (SERNIC), which recently came under the supervision of the Office of the Attorney General.

Bank of Ghana lifts suspension on UBA Ghana’s forex trading licence

It further assured that it will continue to monitor the operations of market participants to ensure transparency, accountability, and stability within the forex market.

Central bank revises Inflation projections downwards

Annual inflation averaged 3.6% during the first eight months of 2025, compared to 4.6% during the same period last year.

Regulation,Tax & Compliance