Managers of Wealth Africa

IMF lifts Africa growth forecast; Ghana, others set for expansion

Growth has been revised up to 4.6% in 2026, and this has been supported by some of the macroeconomic stabilisation and reform efforts in key economies,” she stated.

South African rand edges up after hotter than expected US inflation data

On the Johannesburg Stock Exchange, the Top-40 index was last up 1.3%

Economic Week: IMF Warns of Financial Constraints, Government Strengthens Domestic Borrowing and Sovereign Fund Emerges as Recovery Anchor

In its conclusions, the institution noted delays in debt servicing and stagnation in demand for government securities by domestic banks, in a context of negative net external financing.

Kenya shilling holds steady amid robust treasury bill demand

Market analysts say this steadiness reflects continued confidence in the foreign exchange market, supported by robust liquidity and investor activity in government securities.

OGIRS trains tax officials

Olaleye said, “Let us get things right and be open to learning, training, and enlightenment; through this, we will sharpen ourselves. This programme is meant for us to unlearn and re-learn.”

Ecobank Nigeria Fully Repays $300m Eurobond Notes

The tender offer was conducted with Renaissance Capital Africa

Regulators and industry unite as Ghana sets guardrails for Virtual Asset future

Mr Asare emphasised that although the Act has been passed and assented to, further directives and regulations will be developed to guide implementation.

Tinubu calls for fairer African financial system

Tinubu noted that only three African countries currently hold investment-grade ratings

No more ‘prime’ – Reserve Bank wants key rate to be used to price loans

Plans to phase out the prime lending rate and replace it with its own benchmark interest rate.

Another big turn for the rand

Warsh was initially expected to be hawkish on US rate cuts, but has since come out as more dovish than those early impressions suggested.

China to implement zero tariffs on imports from 53 African countries

China will ‌also continue ⁠to ⁠push for the negotiation and signing ‌of ⁠joint economic partnership pacts, and further expand market access for African exports

UBA unveils diaspora banking to connect Africans with opportunities

This platform represents a transition from simple money transfers to a financial ecosystem

Land Bank declines to confirm R50m ransom claim as cyber investigation continues

It remains unclear whether any ransom was paid.

Flawed policy and tariffs deepen SA’s municipal power crisis

At the centre of this issue is Nersa’s annual tariff determination process.

CBN approves BDCs’ return to forex market, allows purchase of up to $150,000 weekly

Third-party transactions were prohibited, while cash settlements were capped at 25 per cent of each transaction

Zimbabwe’s ZiG, a mirage on the far horizon

Inflation or no inflation, the ZiG is all but a mirage shimmering on the far horizon

SARS freezing bank accounts of one group of taxpayers

Instead of sticking to their mandates, he believes the authorities are trying to overlap into each other’s jurisdiction and causing confusion.

IMF sends a warning to South Africa

Economic prospects for 2026 are looking better, with GDP growth expected at 1.4% in 2026 and rising to 1.8% over the medium term.

Technology key to implementing new tax laws – Adedeji

Nigeria has recently enacted a new set of tax laws, representing the most significant restructuring of our nation’s fiscal legislation in 50 years.

Nigeria must reduce debt reliance, says Edun

He noted that the world was retreating from multilateral cooperation, with countries prioritising domestic interests and scaling back cross-border financial support.

Regulation,Tax & Compliance