Managers of Wealth Africa

What to expect from interest rates in South Africa this week

Other views from Nedbank and Bank of America say the current data do not show underlying price pressures, and with inflation running low, the MPC is primed to cut.

Ghana earns $370m from oil in first half of 2025 – Central bank

The report shows that Ghana earned $218.63 million from three major crude oil liftings during the period.

Nigeria adopts first African stablecoin framework aligning with global standards

The regulatory shift addresses Nigeria’s economic challenges, including currency volatility and the need for financial inclusion.

CBK to Launch Mobile-First Bond Market Platform for Kenyans

In a detailed procurement document, CBK announced it is seeking a vendor to design, supply and implement the system, which is expected to serve millions of users simultaneously and remain operational around the clock.

More South African entities hit by major security breach

Hackers breached about 400 government agencies, corporations and other groups around the world, although the number could be a lot higher

Govt warns project accountants against funds mismanagement

The Accountant-General of the Federation, Shamsudeen Ogunjimi, gave the warning during the 2025 retreat of the Federal Projects Financial Management Department, held in Abuja on Thursday

Bank of Ghana issues new exchange rate guidelines for shipping sector

These rates must be posted either on company websites or at business premises and clearly communicated to customers prior to payment or invoice issuance.

Almost 50% of Ghana’s GH¢67b payables for 2024 potentially invalid – Report

According to the IMF, a large number of the claims lack supporting documentation, raising concerns about the legitimacy of the obligations recorded.

Interest rate hike warning for South Africa

The Reserve Bank is in the unenviable position of having to navigate a particularly sensitive time.

Naira slips to 1,532.34/$ despite CBN intervention

During the past week, the highest amount that the naira traded for was 1,538/$, and the lowest was 1,515/$ on the NFEM.

AfDB Commits $40M to New Equity Platform for Decentralized Energy

The platform, developed with the World Bank Group and other partners, aims to accelerate electrification for 300 million Africans by 2030

575 mobile lines, 21 bank accounts shut down as war-torn African nation combats terror financing

The government has dismantled illicit financial channels, including deactivation of mobile numbers, freezing bank accounts, and shutting merchant accounts.

Bribery in SA and the duty of companies to act

New law means corporates need to be proactive.

Central bank cracks down on son of Algeria’s richest man

Omar Rebrab barred from business roles as Algeria’s central bank enforces freeze amid misconduct probe.

Reserve Bank clarifies sanctions on major South African and international banks

The PA has been working in tandem with several government agencies to help South Africa get off the listing, which has coincided with administrative sanction being imposed on the banks, including fines.

African Development Bank provides €120 million partial credit guarantee to back sustainability-linked loan for Mota-Engil Africa

The company’s robust pipeline includes projects in the transport, mining, water, and urban infrastructure sectors

Regulation,Tax & Compliance