Managers of Wealth Africa

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.

This case deals with a South African who quit before their disciplinary hearing – what happened

“Standard Bank sought to hold the employee to a 30-day notice period. On 24 August 2020, a sanction of dismissal was issued to the employee.

Uganda court decision rattles East Africa’s syndicated loans market

In his ruling, Justice Adoyo argued that DTB Kenya was a foreign bank and that the lender was required to seek authorisation from Uganda’s Central Bank, the industry regulator, before engaging in activities such as lending and extending facilities i

Treasury rethinks plan to bar non-tax paying online firms

The Treasury also relaxed its earlier requirement that digital firms register with the Kenya Revenue Authority(KRA) within 30 days, instead giving them a six-month window to do so.

KCB sparks banks fight for ex-Nakumatt CEO assets

“The applicant urges this court to consider whether it is necessary to sell the charged land for recovery of the money owing,” says Atul’s son Ankoor Shah, a director of Collogne Investments,

Businessman accused of swindling Botswana pension fund banks on SCA appeal to avoid extradition

The 54-year-old who holds dual South African and British citizenship has been imprisoned at the Modderbee Correctional Facility, Benoni, since his arrest 15 months ago.

CBN warns against fraudulent loan offers

Members of the public, particularly youth and owners of small-scale businesses, are therefore advised to disregard any video or text message proposing investment schemes or charging them fees on the pretext that their organisations are endorsed by the CBN

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