Managers of Wealth Africa

High borrowing costs threaten banks’ credit expansion

Although exchange rate stability remains the apex bank’s primary focus, the prolonged high-interest-rate environment is increasingly slowing corporate lending and credit growth, JIDE AJIA reports

Taxpayers warned of new criminal tactic to hit their bank accounts in South Africa

The scam is particularly dangerous because it exploits South Africa’s current tax environment, as SARS is becoming more aggressive in collecting unpaid taxes.

Investors warned to stay away from this company in South Africa

The regulator said the CEO told the FSCA that she had only traded on behalf of family and friends and not for the general public.

Ghana central bank pauses easing cycle with a rate hold at 14%

The decision was in line with a Reuters poll of analysts who had expected the bank to keep the rate unchanged.

Top 7 audit firms rake in N37 billion from NGX-listed companies in 2025

In 2025, seven audit firms generated a combined revenue of N37.08 billion, up from N28.76 billion in 2024.

Ghana seeks $53.3b to implement 10-year climate action plan

The revised framework, prepared under Article 4.2 of the Paris Agreement, outlines Ghana’s climate ambitions across key sectors including energy, transport, industry, agriculture, forestry, water, and health.

New Woolies boss faces urgent to-do list

A decision on Country Road looms large, while Checkers simply cannot be underestimated …

African Development Bank Group debars Esiko Kenya Enterprises Limited and two others for Fraudulent Practices

The project aims to cover the entire country with selected transformers in its forty-seven counties.

Reserve Bank and Treasury respond to people holding crypto assets in South Africa

One of the more meaningful developments is the formal treatment of crypto assets within the exchange control framework.

International bank calls it quits after three decades in South Africa

This includes the Currency and Exchanges Manual for Authorised Dealers and the Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority.

SEC issues guidance for capital market Transition to T+1 Settlement Cycle

The transition is part of the Commission’s broader market modernization agenda aimed at improving liquidity and aligning the Nigerian capital market with international best practices.

Absa weighs joining yuan platform on thriving China-Africa trade

To take advantage of growing trade with Africa’s biggest trading partner.

Nigeria’s banking system more robust than Europe’s — Senator

Speaking at the closing ceremony held at the JAMB office in Oke-Mosan, Abeokuta, Salisu said the future belongs to countries and individuals that embrace technology.

Interest rate pain expected for South Africa

According to Investec Chief Economist, Annabel Bishop, the fuel price shock of April will only reflect in next week’s inflation data, where it is expected to push CPI upwards.

SARS going after one group who own property and have bank accounts in South Africa

Receiving funds in a South African bank account does not automatically make those amounts taxable in South Africa.

Kenya banks skipped R&D spending through 2025, CBK survey finds

The pattern points to a sector expanding its digital surface area through external partnerships

Big changes coming for pension funds in South Africa

The firm stressed that the bill marks a major turning point for pension funds, administrators, employers and retirement fund trustees.

Rand takes a big hit

Currency volatility is often seen as a negative, reflecting a currency’s susceptibility to specific events and market changes.

Rand bucks political risk

With investors focusing on reforms.

SARB keeping options open as global tensions threaten inflation-Kganyago

The Reserve Bank has kept rates unchanged at 6.75%, though inflation edged up to 3.1% in April due to higher fuel costs.

Regulation,Tax & Compliance