Managers of Wealth Africa

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.

BoG imposes three-year cheque ban on repeat dud cheque offenders

The central bank said the move follows continued concerns over the high incidence of dud cheque issuance despite previous regulatory interventions.

CBN reports N17.4tn surge in FG borrowing

The surge highlights an aggressive public sector appetite for borrowing despite the prevailing tight monetary conditions in the country.

Sudan central bank orders liquidation of Abu Dhabi Islamic Bank branch

The decision was based on powers granted to the governor under Article 50 of the Banking Regulation Act of 2004 and took effect immediately upon issuance.

BdM: Cheque Issuance in Banking Fell 25% in 2025

In its report on the National Payment System, the institution added that this trend is linked to the growth of faster electronic transfers.

Absa Bank Kenya climbs on tender offer talk, shares lead gains on the NSE

Absa shares advanced more than 6 percent intraday, according to Kenya market data from Mansa Markets.

Nigeria’s broad money supply rises to N129.21 trillion in May 2026

On a year-on-year basis, broad money supply grew from N119.20 trillion in May 2025

Economic Week: President Enacts BDM Law as CTA Warns of Deteriorating Business Environment

The new bank will begin operations with a share capital of approximately US$428 million, fully subscribed by the State, although multilateral institutions and development banks may eventually hold up to 49% of its equity.

Ethiopia expects birr stability in 2026/27 despite heavy FX pressures

During his federal budget presentation to Parliament last week, Finance Minister Ahmed Shide forecasted a 9.8 percent overall economic growth for the coming fiscal year.

Bankrupt municipality coming after homeowners with solar, and new BEE rules for petrol stations

“Surprises in payroll figures and persistently low unemployment claims have reinforced the belief that the US economy can endure tighter monetary policy,” said ETM Analytics in a report.

Regulation,Tax & Compliance