Managers of Wealth Africa

Auctions return as loan defaults hit 13-year high

The share of defaulted loans has increased from 12.7 per cent last February to 14.5 per cent—the highest ratio since July 2007.

Third party funding in South Africa litigation

TPF is permitted under South African law due to case law precedent.

REFILE-UPDATE 1-Swiss supreme court reverses freeze on Angolan tycoon's $900 mln fortune

Personal asset freeze was among largest in Swiss history

Millionaire beggar arrested; she owns luxury car, flat: Morocco Police

The woman would park her luxury car out of sight before begging for money.

Norton Rose Fulbright acts on landmark REIT investments in Kenya

The first REIT is a development REIT aimed at developing affordable student housing in Nairobi, while the second is an investment REIT focused on holding investment-grade, stabilized assets.

Artificial Intelligence and energy justice in Africa

A reversal of fortune for the world’s unelectrified population is one of the Sustainable Development Goals of the United Nations

Hogan Lovells launches sovereign debt practice

The launch of the project has been a key project of the firm’s chief executive, Miguel Zaldivar.

Alleged N1.4bn Money Laundering: EFCC Closes Case Against Former NBA President, Paul Usoro

The EFCC had called Idongesit Udom, a deputy manager at Zenith Bank as it’s a first witness and Abdulrahman Arabo, the investigating officer as its second and final witness.

Ex-banker, trader charged with stealing Sh3.5m from the dead

The alleged offences were committed in December 2020.

Court dismisses case against CBN’s directives on bank charges

In his notice of preliminary objection to the suit, Agbola had contended that the plaintiff failed to show that the CBN acted in bad faith or breached any law by issuing the guidelines.

Exclusive-Angola moves to seize Dos Santos-linked asset in Dutch court

Dos Santos briefly ran state oil company Sonangol from 2016 until 2017, when her father’s four-decade rule ended.

Banks face lawsuit over 'unjust' sale of homes

In court papers, Booysen said that there were “literally tens of thousands of potential litigants in the matter whose rights have been violated since 1994”.

Firm files N12.86b suit against Bank over alleged contract breach

Access Bank is the sole claimant/defendant to counter-claim, while the firm and Mr Okonkwo are the first and second defendants/counter-claimants.

Walkers London Acts as BVI Counsel on OML-17 Acquisition

Described as 'one of the largest and most prominent Oil and Gas deals in Africa for more than a decade', a group of global and regional banks and investors provided US$1.1 billion across the different layers of the capital structure.

Access Bank rejects Appeal Court’s suspension of injunction against Seplat, approaches Supreme Court

Access Bank has expressed its displeasure over the ruling by the Court of Appeal which lifted the Mareva injunction against Seplat Petroleum.

All that glitters: A look into illicit gold networks

A fresh investigation sparked at the start of this year may also reveal whether a smuggling syndicate possibly operating from Madagascar has been using the country as a conduit.

Evidence that banks sell repossessed houses for cents in the rand

According to an affidavit filed in support of the R60bn class action suit by dispossessed homeowners against major banks.

Beny Steinmetz: Mining tycoon in Swiss trial over Guinea deal

Steinmetz, 64, was previously sentenced in absentia to five years in prison by a court in Romania for money laundering.

Steinmetz and European, US advisers on trial for mining ‘corruption pact’ in West Africa

Swiss prosecutors allege that the Israeli billionaire and business associates bribed a wife of the former Guinean president to obtain lucrative mining rights.

SAB is taking South Africa’s latest alcohol ban to court

This legal action is the last resort available to SAB in order to protect our employees, suppliers, customers, consumers and all the livelihoods we support.

Legal