Managers of Wealth Africa

Kenya central bank holds rate at 8.75% amid Middle East conflict

Kenya’s inflation stood at 4.4% in March, below the central bank’s 5% midpoint target.

Standard Bank and Absa increase minimum pay – but Investec still pays the most

Capitec has the lowest minimum pay among major banks in South Africa.

Massive changes coming for visa and immigration rules in South Africa

Jacobs described this as a positive step towards enhancing South Africa’s economic growth

Cedi dips further as external shocks intensify; one dollar equals GH¢11.70 at forex bureaus

Despite these favourable inflows, the heightened demand and bearish sentiment to counter cautious forex interventions is weighing on the cedi.

D-Day for the rand

However, this isn’t expected to last, and the next moves will depend heavily on what follows Trump’s threats.

Government must think twice about ’emergency’ access to South African pension funds

This is the warning from Ronald King, Head of Public Policy & Regulatory Affairs at PSG Financial Services.

South Africa’s most valuable bank to get rid of UK business after R17 billion hit

While FirstRand said that the FCA made some changes to the scheme following concerns raised by lenders, any mitigation arising from these changes has been more than offset by other amendments.

SARS warning for rich South Africans leaving the country, and Cape Town is slowly kissing Eskom goodbye

The rand was valued at 17.0250 against the dollar, reflecting a 1.3% decline compared to the previous closing price.

Bank of Ghana’s $1.3bn profit from gold sale could help narrow 2025 losses

The transaction, which reportedly generated a profit of about $1.3 billion, equivalent to roughly GH¢13 billion, could significantly reduce the central bank’s loss position for the 2025 financial year.

We are focused on engineering low interest rate regime – BoG Governor assures

The Governor made the remarks during an engagement with businesses and banks on the sidelines of the Kwahu Business Forum 2026.

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.

Regulation,Tax & Compliance