Managers of Wealth Africa

Grand heist: Multi-million Zisco assets stripped as Mnangagwa is sucked in

Mugano was this week adamant that all assets purported to have been taken over by ZimCoke remain on Zisco’s books.

Luanda Leaks sealed new Cape Verde banking law, minister says

The law will apply to four banks, including Banco Bic Cabo Verde.

Financial advisers 'surprised' by inclusion in PIC report, deny receiving R44 million payment

The report notes that Kleoss, a private equity firm, and Koketso Mabe of Keletso M Squared (Pty) Ltd were in August 2017 appointed joint financial advisers to the PIC in relation to a potential investment by the fund into struggling retailer Edcon Holding

Moyo vs. Old Mutual: Judgment reserved, but ex-CEO's lawyers upset with judge

Mpofu told the court that Old Mutual could not proceed with the appointment of a permanent CEO to replace Moyo

Pam Golding Properties Probed for Allegedly Aiding Money Laundering During Sale

It is alleged that former political leaders and their families were laundering money by investing large sums of illegal monies in properties in South Africa, resulting in the artificial inflation of property prices and skewed market values.

Lawyers on Demand: Changing the Way Legal Work is Done in Africa by Playing the “Scale Game” (By Glenda Irvine-Smith)

African legal clients are demanding a practice model that is swift, cost-effective and transparent

Appleby Global Services Launches in Seychelles

Mauritius and Seychelles are strategically important jurisdictions for our international clients looking for a gateway into African and Asian markets.

Ghana Charges Ex-Finance Minister After Collapse of Bank

The lender was declared insolvent in August 2018 after shareholders and related parties took 5.3 billion cedis in loans and other withdrawals without following due process, the central bank said at the time.

Court Adjourns Ecobank’s Suit against Honeywell Group to June 29

The bank also prayed the court to grant it leave to, “appropriate or otherwise utilise the investments

Ghana Charges Ex-Finance Minister After Collapse of Bank

Sacked Old Mutual boss takes fight to supreme court

After losing his bid to be reinstated as the firm’s chief executive

Ghana's ex-finance minister charged over bank collapse

Another person sued was Johnson Asiama, former deputy governor of the Bank of Ghana until 2018.

U.S., Jersey sign $300 mln Abacha loot repatriation deal with Nigeria

The governments of Nigeria, Jersey and the United States said in a statement they had entered into an asset recovery agreement to repatriate forfeited assets to Nigeria.

South African court issues arrest warrant for ex-president Zuma in graft trial

He rejects the allegations as a politically motivated witch-hunt.

BREAKING: South African Authorities Slap Uncle Roland With Hefty 68 Million Fine… Lock Down His Fuel Depots

Uncle Roland Fined 68 Million For Tax Evasion

When CEOs fall out with firms: Lessons from Old Mutual saga

In my research I found a few cases where courts have indeed reinstated executive directors.

When a company falls out with its CEO: Lessons from SA’s Old Mutual

The other useful lesson is what the Old Mutual events tell us about the role of directors – even after they have been fired.

Mauritius Court Accepts Appleby's Proposition in Landmark Decision

The Court accepted Appleby’s proposition that an Order authorising the “saisie revendication”

Angola may seek arrest warrant for dos Santos

Failing that, his office would resort to legal instruments at its disposal, one being an international warrant.

5 reasons why Luanda Leaks is bigger than Angola

ICIJ uncovered a web of more than 400 companies and subsidiaries in 41 countries linked to Isabel dos Santos or her husband, Sindika Dokolo, including 94 in offshore havens like Malta, Mauritius and Hong Kong.