Managers of Wealth Africa

The Sentry: African Conflict Gold is Being Laundered in Dubai

The vast majority of such gold is first sold in the famous Dubai Gold Souk

Banks spared headache of tracing billions tied to new money transfer fees

The court heard that it was unconstitutional to impose excise duty from July 1, 2018 when the legislation imposing that excise duty had not been passed.

Landmark Supreme Court victory in Zambia: collecting millions in tax revenues and sending a message across borders

The judgement hinged on Zambia making a technical case showing evidence of tax avoidance through base erosion and profit shifting or BEPS strategies.

South African corruption probe ensnares ruling party heavyweight

News of the arrest warrant brings the struggle between Messrs.

Ghana introduces Cybersecurity Act

She also said that the Ghana Police Service together with telecommunication industry and the Internet Watch Foundation, would also ensure the proper handling of online crime.

Popia holds no fear for South African organisations

It obliges them to take responsibility for it, and to use it only as needed, with heavy penalties for any breaches.

FinCEN Files reporting from North Africa and the Middle East

ICIJ partners investigated suspicious transactions linked to oil and gas companies, a doping and bribery scheme, Iran sanctions evasions and more.

South Africa’s Tech Company Dimension Data Sued Over Racism

Basically Dimension Data has also invested massively in Automotive, Education, Healthcare, Finance Banking and Insurance, Mining, Retail, and manufacturing.

After legal fight with ex-CEO, Old Mutual refreshes its strategy

Part of that plan involves selling a broader array of financial services to Old Mutual’s six million customers in South Africa, where it makes 80% of its earnings, Bloomberg reported.

FCT customers lament tedious bank operations

Yastrup said his account was debited but the recipient had yet to receive the cash.

Judge refuses bribe, halts Commercial court order in Ham-DTB case

Kiggundu through his companies; Ham Enterprises and Kiggs International, had sued DTB Bank, accusing the banks of illegally taking away more than 120 billion Shillings from his bank account in Uganda.

New Court Complex In Accra, Mahama's Breathtaking Legacy

The 5-floor complex has a floor area of about 30,000 square metres with more than 400 rooms including 42 courtrooms.

FATF commends the tremendous progress made by Mauritius

Necessary actions continue to enhance and further align the framework in place for the financial services sector with international best practice.

Banks Count Losses to Hoodlums, Say 67 Branches Destroyed

Insurers move to assess damages for claims’ payment

Mozambique Seeks Ex-Credit Suisse Bankers

The trio pleaded guilty to charges in the U.S. last year to charges of bribery and money-laundering.

Ugandan court suspends judgement outlawing cross-border lending

The judge declared that DTB Uganda and DTB Kenya breached the different loan agreement terms entered into with Ham Enterprises Ltd and Kiggs International Ltd between February 2011 and November 2019.

Mozambique Seeks Ex-Credit Suisse Bankers

After Mozambique defaulted in 2018, the matter morphed into a major crisis because the Swiss loans were not revealed to other creditors and the International Monetary Fund.

South African stock exchange fines Steinhoff for breaching listing requirements

The JSE said that the company's financial reports during 2016, 2015 and some prior financial periods did not comply with international financial reporting standards and was "incorrect, false and misleading in material aspects".

Ham vs DTB court ruling

Mutebile said it is not mandatory for a foreign bank to establish a representative office in Uganda in order to conduct lending or non-deposit taking activity.

Banks undermining independence of the Judiciary

The Country is put on notice that financing will be halted awaiting the result of the appeal.

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