Managers of Wealth Africa

Phishing scams in the spotlight again, warns bank

Bank warns phishing scams are a real issue facing financial institutions and the public.

Kenyan Tycoon Manu Chandaria To Lose Company Over $60 Million Debt

Kaluworks is a subsidiary of Clovis Company Limited

Former Sanlam Financial Advisor Gets Suspended Sentence For Fraud

Francois Martinus Labuschagne was arrested in January 2017 following a six-year investigation into fraudulent activities in the Ceres Sanlam branch.

Former Sanlam financial advisor must pay back the money

The convicted former financial advisor had been on the run before he was arrested in Limpopo

NIC Bank CEO faces jail in car loan row

The judge heard his orders will be deliberately frustrated and the rule of law and justice obscured by the bank

Fall-out over Mozambique debt scandal risks spill-over into Angola

EXX Africa has conducted a source investigation to explore the role of the Angolan political elite in the Mozambique debt scandal and the potential existence of further undisclosed debt issuance.

Kenya-based foreign firms pledge to stick to Nairobi after attack

Hotel guests and workers from companies like Visa Inc had to hole up for several hours while the attackers were hunted down and killed.

Credit Suisse Off the Hook in U.K.

The move takes pressure off Credit Suisse, which has found itself mired in scrutiny over the deals.

Ghana: Police confirm arrest of wanted businessman in Dubai

The Police statement said some Ghanaian officials have already visited NAM1 in Dubai Police custody, and are making possible arrangements to extradite the man to his country, where he was declared wanted by a court in Accra.

Pressure mounts on BoG to prosecute staff involved in banking rot

Investigations into the alleged misconduct by some staff of BoG commenced thereof after the people involved in the act were identified.

Conflicting Accounts on Int’l Alert for GTBank Manager’s Rearrest in Nigeria

Shortly after the protest, Magistrate Peabody was contacted by the Daily Observer.

Tuna bond scandal may spell more trouble for Credit Suisse

Prosecutors could yet conclude that the bank put business interests before compliance

Wanted by US, former Mozambican official appears in SA court

The indictment says the projects were fronts that allowed the defendants to pay at least $200 million in bribes and kickbacks to themselves, government officials and others in violation of U.S. anti-corruption laws.

The banker bros who bankrupted Mozambique

It was this indictment which led South African police to arrest Manuel Chang, the former finance minister of Mozambique

Customer wins lawsuit against Gold Coast Securities over unpaid investment

Dr. Badoe in his writ said he invested a total of GHc328, 127.43 with the finance house on August 24, 2018, and was due to receive an accrued interest of GHc50, 000 on September 6, 2018, but all efforts to retrieve his cash failed.

Three former Credit Suisse bankers have been arrested on London

They have been released on bail in London while the United States seeks extradition.

Ex-Swiss diplomat cleared in Sh5bn Kenya graft case

The Swiss Federal Criminal Court found in its decision published on December 20, 2018 that “nothing illegal had taken place."

Agony of retired teachers seeking Sh42bn pension

Justice ordered TSC and pensions department to pay all retired teachers covered by the 1997 deal their full benefits.

Mozambique’s ex-finance minister arrested in South Africa

Chang is already in trouble back home after his ministry guaranteed $2 billion in secret borrowing by state-owned firms in 2013 and 2014.

Children of the eminent dead fight over wealth

Others are former Makueni MP and prominent judge Jackson Mulwa and children of billionaire businessman James Mwangi Kirung’o alias Kahama who owned K1 Club House.

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