Managers of Wealth Africa

Disaster for South Africa with 40,000 more jobs on the line

The central bank noted in its Monetary Policy Review this week that it expects South Africa’s economy to grow moderately in 2025 and 2026, but will not breach above 1.5%.

Ghana cedi to record first ever annual appreciation against US dollar post-redenomination

The steepest depreciations were recorded during the crisis years of 2014, 2022, and 2023, which were marked by fiscal instability and external shocks.

Big inflation target announcement expected soon

The Treasury is in a closed period before the presentation by Godongwana, who’s previously said he’ll make an announcement “as soon as is practical.”

VALR becomes SA’s first licensed crypto derivatives issuer

This enables it to offer derivative contracts and options with underlying assets such as cryptocurrencies, commodities, shares, currencies and indices.

African Development Bank and Angola launch $125 million drive to boost youth entrepreneurship

The project will be co-financed by the African Development Bank ($79.08 million in sovereign credit), the Angolan Government ($29.06 million), and the European Union ($16.08 million).

Africa’s fastest-growing economy sets new rules for foreign stake in local banks

The new directive seeks to attract strategic investors while protecting local control and ensuring financial stability.

New pension rule opens window for ‘side hustles’ savings

The guideline also covers employees in the formal sector who are mandatorily covered under the CPS, but who may wish to make additional flexible contributions outside the mandatory scheme.

Where will the rand go?

It is holding on to its recent gains, but economists warns against volatility and downside risks.

Government Plans to Hire Nearly 4,000 New Public Employees in 2026, About 600 for Criminal Investigation

Of the total planned hires, 600 will be assigned to the National Criminal Investigation Service (SERNIC), which recently came under the supervision of the Office of the Attorney General.

Bank of Ghana lifts suspension on UBA Ghana’s forex trading licence

It further assured that it will continue to monitor the operations of market participants to ensure transparency, accountability, and stability within the forex market.

Central bank revises Inflation projections downwards

Annual inflation averaged 3.6% during the first eight months of 2025, compared to 4.6% during the same period last year.

African Development Bank President pledges deeper cooperation with key constituency

The five governors also expressed strong support for the Bank’s strategic priorities in industrialisation, energy access, and private-sector growth.

Government Projects GDP of Around $24 Billion and 3.2 % Growth for 2026

Net International Reserves are expected to cover 4.4 months of imports in 2026, compared to 4.7 months estimated for 2025 and five months in 2024.

Kenya turns to the Bank of England for gold in a bid to protect its economy

Kenya is currently engaged in negotiations with the Bank of England (BOE) to diversify its foreign reserves by incorporating gold.

The rand should be R7 to the dollar

This was in reference to the World Bank’s purchasing power parity conversion factors.

Discovery Bank warning to South Africans planning to fly this December

The bank also recommends verifying the identity of anyone you’re speaking to or the validity of discount offers

Good news for interest rate cuts in South Africa

The path to a new target usually takes around two years to settle in, during which time the MPC will be more sensitive and cautious around policy moves.

Rand is no longer ‘weak and volatile,’ Kganyago says

For the first time, South Africa now meets ‘all the major reserve adequacy metrics, including the International Monetary Fund’s own measure,’ he said.

Kenya parliament passes crypto asset law to boost investments

Legislators enacted the Virtual Asset Service Providers Bill last week

IOM and African Development Bank strengthen partnership

"This partnership reflects our shared commitment to place migration at the heart of Africa's development," said Mohamed Abdiker, IOM Chief of Staff.

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