Managers of Wealth Africa

Kenya to probe 10 banks over public fund theft case

The list of lenders included the East African country's biggest bank by assets, KCB Group, and Standard Chartered's Kenyan business.

Angola names Bastos as suspect in fund investigation

Quantum Global, the firm hired by Angola’s wealth fund to invest money on its behalf, declined to comment on the move except to say that: “Quantum Global as well as Mr Bastos have been cooperating with the Angolan authorities over the course o

Wanna be super rich in SA? Study law and finance

The average age of SA's super rich is 57 years and 34% are older than 60.

We have recovered a lot of stolen funds, mainly in form of properties- says Kemi Adeosun

Then the outlook on oil was that it was going to keep declining and eventually, it got as low as US$28 per barrel.

Swiss make raids in probe linked to Angola sovereign wealth fund

Angola’s $5 billion sovereign wealth fund has been embroiled in a dispute with its former boss, the ex-president’s son Jose Filomeno dos Santos, and the Swiss-based asset manager contracted to invest money for the fund, Quantum Global.

Proposed Banks Act Amendment Bill

The proposed amendments remove this barrier and pave the way for entities such as the Postbank to register and operate as a fully-fledged bank.

Angola sovereign wealth fund takes battle to UK court

The $5 billion (3.7 billion pounds) sovereign wealth fund has been embroiled in a dispute with its former boss, the ex-president’s son Jose Filomeno dos Santos, and the Swiss-based asset manager contracted to invest money for the fund, Quantum Glob

NNN pensioners want Buhari’s intervention over unpaid pension

“Last month, a director in the Federal Ministry of Finance said he would not release funds for the payment of the pension,”

Alleged N2 billion Fraud: Witness testifies against Oronsaye

At the resumed sitting on Tuesday, the first prosecution witness, Rouqayya Ibrahim, an EFCC operative, was cross-examined by Ade Okeaya-Inneh, lead counsel for Mr Oronsaye

CAI pension fund boss quits amid audit storm

With an investment portfolio consisting of about 30 properties around the country, it is one of the biggest pension funds in Zimbabwe by asset value.

Municipal workers pension fund wants millions back from investment firm

The former official at SALA - a municipality fund with close to 20,000 members and boasts assets worth R16 billion - also allegedly received an SUV as a gift for securing the deal.

Quantum Global cries foul as Angolan fund seeks more asset freezes

It reiterated that it wanted to resolve the situation with the FSDEA in an amicable manner.

Victory in Transnet pension funds case

In their claim the pensioners argued that there was a 1989 undertaking by the parastatal’s predecessor, South African Transport Services (Sats), that they would receive the same pension benefits under a commercial entity Transnet as they did under S

Will new legislation turn Kenya into a tax haven?

It sets up the Nairobi International Financial Centre Authority (NIFCA), which will “establish and maintain an efficient operating framework in order to attract and retain firms”.

Payment of legal costs: State officials to feel the pinch

The full impact of this judgment and the outcome of the appeal on Government officials exercising their functions recklessly will soon become apparent.

Kpmg Suspends Top Exec Over Vbs Liquidity Crisis

The South African Reserve Bank has red flagged the bank, saying that nearly R1 billion cannot be accounted for.

Dentons Announces Seven New Partnerships

The law firm is accelerating its strategy to grow in fast-growing areas including Kenya, Mauritius, the Caribbean, Indonesia and Malaysia.

Following Guptas' Temple Money-Laundering Trail

A temple under construction in their home town of Saharanpur was allegedly used in Gupta money-laundering schemes.

Punishment ex-NBK chiefs tests supervision of boards

Pretty much half of the bank’s C-Suite was fingered in the financial scandal.

Areva corruption saga implicates Namibia

Montessus is allegedly charged with corruption in relation to Areva's purchase of Canada's UraMin.

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