Managers of Wealth Africa

Banknote bouquets could land you in jail, Kenya's central bank warns

The cash bouquets had also led to more notes being rejected and unnecessary costs for both the public and the bank to replace the currency, it added.

Rand should be R9 to the dollar

Analysts have pegged the rand’s fair value between R13/$ and R16/$, with broader estimates extending this to R12/$-R18/$.

Private Sector Calls for “Foreign Currency Injection” to Ease Exchange Rate Pressure Following Interest Rate Cut

Business leaders believe that, in light of the MIMO rate reduction, foreign currency injection will also help lower import costs and create a more stable environment for corporate planning.

Reserve Bank holds interest rates in South Africa

Reserve Bank governor Lesetja Kganyago said that 2025 proved to be a year filled with uncertainty and significant imbalances across markets.

African governments look to Islamic finance after Benin sukuk success

Egypt leads Africa sukuk sales as 2025 volume hits $3 billion

Bank of Ghana announces lowest policy rate in four years at 15.5%

Dr Asiama assured that the Committee would continue to monitor developments closely

CBN, UK investors chart path for long-term capital

He added that development finance institutions, which provide long-term funding and promote strong corporate governance, are important partners in Nigeria’s ongoing economic reforms.

World Bank offers $250bn procurement window to Nigerian firms

This is what has been approved by our Board and is available to be delivered in projects and financing to governments across the world.

Central Bank Cuts Key Interest Rate for 12th Consecutive Time to 9.25%

The CPMO considers these factors as justification for the current rate cut, while warning that the country is approaching the end of the current MIMO rate easing cycle.

South Africa renews business-government pact to boost growth‘

While we have achieved much, there is much that we need to do,’ President Cyril Ramaphosa said.

Cedi depreciates 4.0% to dollar in January 2026 – BoG

In the retail market, the local currency sold at GH¢12.00 to one American greenback.

Another turn for interest rate expectations in South Africa this week

One of the key drivers of the rosier outlook for interest rate cuts is the rand’s standout performance, which has strengthened significantly on Monday.

Ramaphosa launches important new laws for South Africa

The COIDA structure that employers will be most familiar with is the Compensation Fund, which companies and private households contribute to on a monthly basis.

Reality check for the rand

As a result, markets swooped on gold, with financial services giant HSBC predicting it could reach $5,000 in the first half of 2026.

Bad turn for interest rate expectations in South Africa

The rise in inflation from 3.5% in November 2025 was driven by rising food, fuel and housing and utilities costs.

Sequential decline of DMBs’ credit

Notably, this marks the second consecutive decline in banking system credit

Nedbank launches R14bn bid for East African lender

Proposed deal will see NCBA become a subsidiary of Nedbank.

Another blow for domestic workers in South Africa

Moreover, when looking at the real increases, which also account for inflation, domestic workers only recorded a 0.4% increase in December 2025.

The end of prime in South Africa

The central bank confirmed earlier this month that it is reviewing the rate that has been fixed at 350 basis points above the country’s monetary policy rate since 2001.

Kenyan shilling gains against British pound, holds versus US dollar, Tanzania and Uganda shillings

One US dollar exchanged at KSh 129.24 at the close of the week that ended on July 10, the same as that on July 3.

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