Managers of Wealth Africa

PwC to Probe Charges It Helped Former Sonangol Chair Hide Money

Firm was one of several named in investigative report

Zimbabwe: Super Rich Ex-Zimra Employee Challenges Wealth Seizure

He has since an urgent chamber challenge seeking dismissal of Hodzi's application for seizure of his wealth

GHANA: SEC to punish 12 fund managers

They are CDH Balanced Fund Limited, Sirius Opportunity Fund Limited, First Fund Limited, Heritage Fund Limited, Galaxy Balanced Fund Limited and Ideal Sika Fund Limited.

Old Mutual vs. Moyo: Understanding the parties' rights and obligations

The High Court correctly held that the contractual entitlement to terminate on six months' notice was unconditional

Those responsible for banking crisis will soon face the law- President

President Akufo-Addo said in as much as the action to close down the malfunctioning banks and micro finance institutions was painful, it was a move that inured to the benefit of the depositors of those institutions.

Former Belgian investment banker hauls RMB to court over failed property deal

What makes the case bizarre is that Arijs and his partners say they have spent close to R9 million in legal fees fighting the case over the years – and they’re not giving up, despite Arijs’s sequestration.

Ghana Charges CEOs Over Banking Crisis That Cost $2.2 Billion

The scale of Ghana’s banking crisis came to the fore when the central bank started an industry cleanup in August 2017 to remedy years of poor governance and weak regulatory oversight.

Old Mutual’s axed CEO Peter Moyo to know fate today

Moyo says he was fired following a fallout with board chair

Old Mutual wins case against ex-CEO who fought for reinstatement

The battle between the firm and its former CEO first exploded into the headlines when Old Mutual suspended Moyo in May 2019, citing a “material breakdown in trust and confidence” over an alleged conflict of interest.

This African country is being sued by Russia’s VTB over loan in $2 billion debt scandal

Mozambique’s Attorney General’s Office said it was waiting for formal notification of the lawsuit.

New Cote D’Ivoire law clarifies country-by-country reporting, requires greater tax transparency

This reporting obligation – which in reality concerns only very few Ivorian companies due to the very high threshold of coverage – has given rise to various interpretations with regard to the fiscal year for which the reporting must be made.

Ex-Nakumatt CEO faces assets seizure over loss of billions

Now, banks are seeking to identify properties and bank accounts linked to Mr Shah, especially outside Kenya, with a view to seizing and recovering the billions of shillings the lenders are owed by Nakumatt.

European money intended for Libyan migrants being diverted, laundered

Huge sums of European money have been diverted to intertwined networks of militiamen, traffickers and coast guard members

Algeria's richest man walks free on time served

Algeria's richest man Issad Rebrab walks free after spending eight months in custody on corruption charges.

Angola freezes assets of ex-president's daughter over corruption allegations

The asset freeze follows an injunction application by the state, which is seeking to recover around $1 billion of funds it believes are owed to it by Isabel dos Santos and her business associates.

902 ex-employees sue bank over unremitted pension

According to the claimants in their averments, some of the claimants’ whose pension funds were unjustly denied and refused are now deceased and have been unable to enjoy the retirement benefits.

Ex-managers from S.Africa's Eskom arrested - police

An Eskom spokeswoman said she was not aware of the arrests

Adoke voluntarily returns to Nigeria after legal deadlock

TheCable understands that frantic efforts made by the EFCC to get Adoke extradited to Nigeria failed because the request did not meet the legal threshold.

Alleged pension scam: How Faisal Maina withdrew N58m from UBA —Witness

He told the court that the total amount withdrawn by Faisal from the UBA account with account name: Alhaji Abdullahi Faisal Farm II; number: 1018636805, was N58,101,585.02k.

Wife of Zimbabwe's vice president is charged with trying to MURDER him in hospital

Marry Mubaiwa charged with attempted murder of her vice president husband

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