Ghana spent the first half of 2026 proving it was done being rescued. You can see it in four places at once — the currency desk, the sovereign bond market, the mining sector, and, at the bottom of the stack, in the handful of small checks written to startups nobody else would fund. Put them side by side and a single pattern emerges, one that matters as much to a family office thinking about local-currency exposure as it does to a DFI structuring team pricing its next Ghana facility. Start with the cedi, because it’s the number that actually moved…
Author: Chidinma Nwabueze
Chidinma Nwabueze
Chidinma Nwabueze is a business and operations professional with experience across finance, capital intelligence, strategic operations, executive support, and ecosystem development. She currently supports executive leadership on strategic initiatives, stakeholder engagement, and organisational execution. She also contributes to initiatives within the angel investing and entrepreneurship ecosystem, supporting investor development and ecosystem-building programmes.
Every capital market tells you what it believes about itself before it tells you anything about the future. In 2026, Africa’s ratings ecosystem told two completely contradictory stories in the space of six months — and both of them were true. The Deal S&P Global announced on 28 July that it has agreed to acquire a majority stake in Agusto & Co., the Lagos-based credit rating agency founded in 1992 by the late Nigerian economist Olabode “Bode” Agusto, according to S&P’s press release. Agusto has issued more than 4,000 ratings across Nigeria, Kenya, Ghana and Rwanda over more than three…