Managers of Wealth Africa

50 Days To Go: Banks Consider Scaling Down to Meet Recapitalisation Deadline

For regional non-interest banks, they are now to have a capital base of N10 billion, up from N5 billion.

Scam Signal launches in South Africa to tackle APP fraud and combat financial crime

This type of fraud is particularly significant because, unlike unauthorised transactions, victims have willingly initiated the payments, making it more challenging for banks to halt or reverse the losses.

Why South African banking giant Absa is staying out of Ethiopia—for now

Under the new rules, foreign institutional investors are capped at a 40% stake in local banks, while foreign nationals may hold up to 49%.

FX reforms, compliance drive Nigeria’s removal from EU’s high-risk list

Nigeria’s exit from the EU’s High-risk List is expected to enhance global trust and partnership for the domestic economy.

Absa Bank links Ethiopia market entry to further easing of banking rules

Absa already operates a subsidiary in Kenya with an asset base of about USD 4.29 billion

R90 billion in unclaimed assets in South Africa – check if you are owed money

“Based on information provided by retirement funds, former members continue to claim their unclaimed benefits,” said the FSCA.

Banknote bouquets could land you in jail, Kenya's central bank warns

The cash bouquets had also led to more notes being rejected and unnecessary costs for both the public and the bank to replace the currency, it added.

Rand should be R9 to the dollar

Analysts have pegged the rand’s fair value between R13/$ and R16/$, with broader estimates extending this to R12/$-R18/$.

Private Sector Calls for “Foreign Currency Injection” to Ease Exchange Rate Pressure Following Interest Rate Cut

Business leaders believe that, in light of the MIMO rate reduction, foreign currency injection will also help lower import costs and create a more stable environment for corporate planning.

Reserve Bank holds interest rates in South Africa

Reserve Bank governor Lesetja Kganyago said that 2025 proved to be a year filled with uncertainty and significant imbalances across markets.

African governments look to Islamic finance after Benin sukuk success

Egypt leads Africa sukuk sales as 2025 volume hits $3 billion

Bank of Ghana announces lowest policy rate in four years at 15.5%

Dr Asiama assured that the Committee would continue to monitor developments closely

CBN, UK investors chart path for long-term capital

He added that development finance institutions, which provide long-term funding and promote strong corporate governance, are important partners in Nigeria’s ongoing economic reforms.

World Bank offers $250bn procurement window to Nigerian firms

This is what has been approved by our Board and is available to be delivered in projects and financing to governments across the world.

Central Bank Cuts Key Interest Rate for 12th Consecutive Time to 9.25%

The CPMO considers these factors as justification for the current rate cut, while warning that the country is approaching the end of the current MIMO rate easing cycle.

South Africa renews business-government pact to boost growth‘

While we have achieved much, there is much that we need to do,’ President Cyril Ramaphosa said.

Cedi depreciates 4.0% to dollar in January 2026 – BoG

In the retail market, the local currency sold at GH¢12.00 to one American greenback.

Another turn for interest rate expectations in South Africa this week

One of the key drivers of the rosier outlook for interest rate cuts is the rand’s standout performance, which has strengthened significantly on Monday.

Ramaphosa launches important new laws for South Africa

The COIDA structure that employers will be most familiar with is the Compensation Fund, which companies and private households contribute to on a monthly basis.

Reality check for the rand

As a result, markets swooped on gold, with financial services giant HSBC predicting it could reach $5,000 in the first half of 2026.

Regulation,Tax & Compliance