Managers of Wealth Africa

National Minimum Wage changes for South Africa are coming

The National Minimum Wage is the lowest remuneration rate that employers are obligated and legally permitted to pay their employees for each ordinary hour worked.

PenCom warns PFAs against investing in banks’ AT1 capital

According to the PenCom’s regulation on investment of pension fund assets, PFAs have guidelines as to where they can invest.

Ghana Faces Tough Choices on Jobs as World Bank Urges Policy Shift

The findings come from the Bank’s latest Ghana Economic Update, which spotlights the nation’s persistent labour market challenges.

Nedbank exiting international business for R1.8 billion

Nedbank said Bosquet Investments has provided appropriate security to evidence the funding for the purchase consideration.

Sustained deceleration in monetary aggregates

According to the data, private sector credit extension (PSCE) increased modestly by 4% y/y to NGN76.1trn in Jun ‘25.

Asiama Urges Banks to Fund Productive Sectors

The governor therefore urged financial institutions to prioritise SME credit as part of a coordinated national recovery effort.

Kuwait busts Nigerian-led cybercrime ring targeting telecoms, banks

Specialised teams from the Criminal Security Sector launched an urgent investigation, uncovering a network of suspects who allegedly used advanced electronic devices to breach telecom systems.

Kganyago explains why he went over National Treasury’s head on 3% target

The central bank announced last month that it now prefers inflation to settle at 3%

Kenya’s central bank enforces lending and capital rules as 11 banks face penalties

This is part of the CBK’s push for cheaper credit in Kenya’s economy

Ethiopia’s National Bank Signals Crackdown on Black Market Forex User Importers

According to the Governor, the foreign currency supplied by banks to the business community doubled last year

South Africa gets closer to full membership of biggest African trade bank

Membership of Afreximbank, as the lender with a balance sheet of $35 billion is known, would give Africa's most advanced economy access to new trade investment products

Date set for court showdown over Cape Town tariffs

Ratepayers and political parties want to join the action to put residents’ case forward.

High lending rates era over - Governor to financial institutions

The Governor said the development, while favourable for borrowers, presented structural challenges for financial institutions, especially banks.

British and French withdrawal could be a boon for African banks

Many European banks are seeking to focus on their core markets, in line with the wider commercial trend of companies in many sectors minimising their risks.

KDF Warns Kenyans of Global Scams Targeting Banks

Major General John Nkoimo, speaking on behalf of Defence Cabinet Secretary Soipan Tuya, issued the caution during the launch of a specialised training programme on countering terrorism financing and money laundering on Monday.

African Development Bank demonstrates continued support to AU peacebuilding efforts in Ethiopia

The AU-MVCM is a key peace support mechanism mandated to monitor, verify, and ensure compliance with the end of hostilities agreement.

How the South African Reserve Bank's interest rate cut affects your finances

The cut came into effect on Friday, August 1, much to the jubilation of South Africans who were already struggling with the strenuous cost of living.

Botswana Explores Potential Launch of Central Bank Digital Currency

Botswana is following a trend in the region, with the South African Reserve Bank currently running a CBDC pilot project and Namibia, Zambia, and Zimbabwe all in the research phase.

Sarb cuts repo rate to 7%

The central bank ‘will use forecasts with a 3% inflation anchor at future meeting’ – Kganyago.

BoG drops policy rate from 28 to 25%

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, who announced the decision during the 125th MPC press conference in Accra on Tuesday, July 30 explained that the outlook for inflation has improved significantly over recent months

Regulation,Tax & Compliance