Managers of Wealth Africa

Major international bank seals exit from South Africa

“This will ensure that the transferred HSBC clients will have ongoing access to corporate and investment banking services in South Africa,” the group said.

HSBC finalises sale of SA unit to FirstRand

The deal is expected to be completed by end-October 2025.

Win for the rand and petrol prices in South Africa

This is an overall stronger position than recent sessions, primarily driven by weakness in the greenback, rather than any local strength.

Audit flop: Nigeria forfeits $4m from World Bank loan

The fund formed part of the $103m Fiscal Governance and Institutions Project, a public financial management initiative financed through a credit facility from the International Development Association.

Fraudsters demanding money from investors, NNPC warns

These actions are unauthorised and illegal.

Bank of Ghana directs banks to review pricing model for customers

The Governor announced that the central bank will cap Optional Issuer Fees on cross-currency card transactions at 2 per cent.

Businessman Claims R40bn From Nedbank Over Fraud Listing

The case highlights the devastating impact of erroneous fraud listings.

Nigeria to lose $215 million as US moves to cut foreign remittances

The bill has passed the US House of Representatives, and if implemented, it would cause Nigerians to lose about $215 million.

The rising risks of rapid FX borrowing

Today, we consider the possible impact if the National Assembly assents to the plan

New laws for worker quotas to South Africa

One of the fundamental meansures the policy brings into play is the use of worker quotas for foreign nationals.

Loophole blocked: Sarb appeals ruling on crypto not being subject to exchange controls

Follows a high court ruling in May that exporting funds via cryptocurrencies does not violate exchange controls.

Ghanaians urged to use RTI law to ask government to disclose information on spyware

This figure is from what is known by researchers, cyber experts and journalists, but the authorities are silent on the matter.

Reserve Bank cuts interest rates by 25 points

For South Africa, data has been lagging.

Private sector credit rises to N77.9 trillion in April 2025

In contrast to the increase in private sector credit, lending to the public sector saw a significant decline.

39 Kenyan Banks Launch New Crackdown on Loan Defaulters

Consequently, the financial institutions are intensifying a crackdown on loan defaulters across the country.

World Bank cuts Kenya's 2025 growth forecast as private sector squeezed

Authorities have managed to keep inflation and the foreign exchange rates stable since last year

African central banks to join EM peers easing rates

South Africa’s MPC is expected to resume its rate cutting cycle and lower the benchmark rate by 25 basis points to 7.25%.

South Africa to cut spending if tax agency doesn't meet target

Godongwana made only minor adjustments to the government's spending plans and deficit projections in a third budget presented on Wednesday

Three South African banks hit with sanctions in six months

These sanctions often include financial penalties and, in some cases, directives to improve internal systems and controls.

A hold policy decision as expected

The naira has faced additional pressure in recent weeks due to FX liquidity constraints

Regulation,Tax & Compliance