Managers of Wealth Africa

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.

Sale of South African bank for R1.1 billion delayed

Lesaka is a US-incorporated firm that provides financial technology products and services to underserved consumers and small businesses.

IMF: State Payment Delays Worsen Corporate Financing Difficulties

The IMF representative explained that this situation also affects bank financing mechanisms based on invoices and contracts with public entities

Botswana holds rates, while Namibia tightens by 25bp

Southern African nations remain cautious, despite deal between US and Iran

What to expect from interest rates in South Africa

The increase again reflected the ongoing elevated fuel prices facing South Africa.

The White Paper that may have led to CBN’s sweeping HoldCo regulations

The Central Bank released an exposure draft last week that outlined sweeping new regulations that guide how financial holding companies operate in the country.

Bank of Mozambique Suggests Regulating Artificial Intelligence in the Banking Sector

“This is not about stifling innovation, but rather about creating clear rules that ensure these tools are used safely, transparently, responsibly, and with respect for consumer rights,” he said at the opening of the BdM’s 17th Scientific

Bank of Ghana Governor urges banks to fund entrepreneurs, support exports

Dr Asiama made the call at the opening of an engagement with banking sector executives in Accra.

BdM: Cash in Circulation Increased by 5% in April

In December 2025, the central bank had recorded a peak of approximately $1 billion in circulation, capping a series of monthly increases observed since September.

Ghana Central Bank Orders Regulated Institutions to Halt Support for Unauthorized Crypto FX Wallets

It added that because the crypto platforms do not have the necessary approvals, any bank infrastructure supporting such services is illegal.

President Enacts Law Establishing Mozambique Development Bank

With this step, an important stage of the legislative process that led to the creation of the new institution has been completed.

Regulation,Tax & Compliance