Managers of Wealth Africa

Amid budget pressures, Nigeria moves to borrow $6 billion from Citi, Abu Dhabi Bank

Nigeria’s parliament has approved a $6 billion external borrowing plan from Citigroup and First Abu Dhabi Bank, as the government seeks fresh funding to support rising spending needs and ease mounting fiscal pressure.

Nigerian lawmakers approve increased $49.4bn 2026 budget

Tinubu presented ⁠a 58.47 trillion naira budget to the National Assembly on December 19, saying it was aimed at consolidating economic reforms and accelerating growth.

Nigeria: Naira gains against Pound, trades at $1.32 amid CBN reforms

The naira’s break below the N1,900/£ psychological threshold is seen as a key development, boosting investor confidence and reinforcing a more stable outlook for the currency after months of volatility.

Fed Govt shifts to private investment for growth, jobs

Edun said the government’s goal is to build on recent stabilisation measures by encouraging stronger participation from private investors.

Reserve Bank holds interest rates in South Africa

The decision did not come as a surprise, as economists and analysts had anticipated the position.

Why SA needs stablecoin regulations – and fast

Wiehann Olivier from Forvis Mazars explains what new stablecoin regulations will look like and why SA needs to speed up its regulatory reform.

Sarb holds rate steady at 6.75%

Despite oil spike and inflation risks.

Ghana government signs Service Level Agreement to enforce electronic payments

...And phase out manual cheques

Get ready for major pain in South Africa

The index shows that the average nominal salary stabilised in the first two months of the year, hitting R21,550 in February (up 0.1% from January).

34 banks scale recapitalisation hurdle

The Central Bank of Nigeria (CBN) is expected to issue final status report next week.

CBN targets single-digit inflation rate

The DG also cited improvements in bank recapitalization, prudential oversight, and coordination with fiscal authorities as critical to stabilizing the financial sector and ensuring coherent monetary operations.

Banks face 15% gold price shock

National Treasury wants to scrap zero-rating for gold bullion supplies.

One of South Africa’s biggest private property groups sends a message to the Reserve Bank

Following the sharp increase in oil prices and global volatility due to conflict in the Middle East, any chance of a near-term rate cut has been priced out.

Pain for the rand

According to Investec Chief Economist Annabel Bishop, markets are particularly worried about the duration of the shipping disruption in the Strait of Hormuz

Two South African brothers lose R1.46 billion, and new criminal group targeting South Africans

The dollar rose 0.2% against a basket of currencies as Federal Reserve Chair Jerome Powell signalled one rate cut this year.

CBN targets single-digit inflation

This was disclosed in a statement issued by the apex bank on Sunday following an engagement with the Nigerian Economic Society and members of the academic community in Abuja.

Property owners, ignore the new valuation at your peril

What to do if your property valuation is too high.

Government considering ’emergency’ access to pension funds

Axelson told a joint sitting of Parliament’s Standing Committee on Finance and Select Committee on Finance that discussions around potential reforms are expected to begin later this year.

Ghana banking sector shows strong recovery – Governor

Dr Johnson Pandit Asiama, BoG Governor, said this at the 129th Monetary Policy Committee briefing in Accra on Wednesday.

South African rand steady as hawkish Fed, Middle East tensions weigh

On the Johannesburg Stock Exchange, the Top-40 index was last down 2.8%

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