Managers of Wealth Africa

Rand goes from hero to zero

The rand was trading at R16.34 to the dollar, R22.10 to the pound and R19.23 to the Euro by 16h20.

Ghana’s economy is in safe hands – Mahama declares

He cited the government’s fiscal discipline, inflation control, and ongoing infrastructure investments as indicators of economic stability.

Kenya Moves to Unify Financial Consumer Protections

The publication arrives against a documented backdrop of consumer harm.

Stafford Masie rips government’s draft AI policy

It envisages seven new institutional bodies before a single rand has been invested in infrastructure.

Africa pushes for timely debt sustainability assessments

They encouraged the inclusion of a re-specified debt‑carrying capacity measure in the refinements to the methodology

Ghanaian and Zambian currencies seen under pressure

Ghana’s cedi is seen extending recent losses against the dollar due to persistent corporate foreign-currency demand.

Fast-track financial support, IMF tells Nigeria, others

Speaking during a question-and-answer session, she urged countries to adopt measures that would reduce energy consumption, noting that some nations had already begun implementing such policies.

C&I Leasing postpones Q1 filings to June

The delay highlights the procedural dependencies between annual audited accounts and subsequent quarterly filings.

Ghana Judicial and Statistical services sign MoU to strengthen data-driven justice delivery

The agreement seeks to integrate judicial data into Ghana’s broader national data coordination framework to promote efficiency, transparency and accountability in the justice system.

Old Mutual sends warning about new retirement system in South Africa

The retirement pot holds the remaining two-thirds of retirement funds and is only accessible at retirement.

World Bank Group’s IFC and Citi Sign Borrowing Facility to Expand Local Currency Financing in South Africa

This facility adds to the World Bank Group's suite of local currency financing instruments, strengthening its capacity to support private sector development.

NPRA to launch digital platform to boost informal sector pension enrolment

The initiative forms part of a broader policy direction by the Authority to introduce targeted incentives that will encourage workers in the informal economy to enrol onto personal pension schemes and secure their retirement income.

EFCC warns banks against unsecured loans

The commission’s chairman, Ola Olukoyede, gave the warning during a courtesy visit by officials of First Bank of Nigeria Plc to the Lagos Zonal Directorate 2 office in Ikoyi.

Parliament passes Ghana Investment Promotion Authority Bill

The Bill provides a more modern, flexible, and robust legal framework for investment promotion, facilitation, and regulation in Ghana.

World Bank projects 4.8% growth for Ghana, 9% inflation by end-2026

It remains unclear what specific factors will drive the expected moderation.

Lesetja Kganyago on leadership, credibility and the future of central banking

Sarb Governor reflects on leading a central bank amid global volatility, domestic challenges and long-term reforms.

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.

Regulation,Tax & Compliance