03/13/2018
US insurance group sues Old Mutual
The JSE-listed insurance group said the case was "in relation to pre-existing [London] head office legacy items relating to previously disposed of US assets".
Legal
03/13/2018
BPOPF Audit exposes P1.5 billion ghost pensioners
An audit at the Botswana Public Officers Pension Fund (BPOPF) has exposed possible corruption.
03/12/2018
Libyan Foreign Bank is gambling with Libyans’ money, CBL says
The UN report said that the Libyan Foreign Bank and Jumhouria Bank gave the money to Alwatar and Hadaeq Tarabulus companies which are owned by one person, Abu Bakr Abu Sahmain
03/12/2018
S.Africa looks to strip Gupta brother’s residency
Ajay Gupta, a fugitive sought by police over alleged graft, now faces the prospect of losing access to banking facilities as well as his South African identity papers if his residency is rescinded
03/12/2018
Zuku shareholders help Kenyan revenue office in Mauritius tax evasion case
The three applicants had told the court that they have information that KRA does not have with regard to Bell’s responsibility as the representative of the offshore companies, a position that makes him directly answerable on the suspected tax avoida
03/12/2018
Court rules Bank of Baroda can close SA operation
The Indian state-owned international bank cited its fading relationship with Nedbank a the reason it wants to close its SA branch.
03/08/2018
Criminal case opened against Bank of Baroda
The complaint was lodged with police in reaction to a report by the Organized Crime and Corruption Project
03/07/2018
Linklaters, Dechert line up on USD 4 billion African bond issue
The bonds were issued at three maturities with a five-year and 10-year tranche raising USD 1.25 billion each and a 30-year tranche raising USD 1.5 billion.
03/07/2018
New international standard a key feature in ENSafrica’s latest anti-bribery and corruption survey
This new standard is designed to support organisations in their fight against bribery and promote an ethical business culture
03/07/2018
Conyers announces MBO
“We are delighted to announce the management buy-out of Conyers Mauritius business by the three leading international business lawyers operating the Mauritius office of Conyers Dill & Pearman, namely, Sameer K. Tegally, Sonia Xavier, and Ashvan
03/05/2018
Canada lent a family $41 million to buy a luxury jet. Now the jet is missing.
EDC was helping Bombardier Inc., the Canadian aerospace firm, land the jet sale.
03/05/2018
No More Happy Play Grounds for Gupta Brothers
The brothers’ network of friends in high places has not been able to lessen their woes in South Africa.
03/05/2018
P60 billion of pensioners’ funds up for grabs
According to a damning letter to BPOPF Chief Executive Officer (CEO) Boitumelo Molefhe, which has been passed to Weekend Post, the lawyer of CMB seeks a retraction of the said falsehoods peddled against them.
03/02/2018
How Fani-Kayode Violated Money Laundering Law - EFCC Witness
The witness pointed out to the court three credits totalling N840m were transferred from the account of Joint Trust Dimensions Limited, the fourth defendant in the suit.
03/02/2018
Bank of Baroda cries foul as cash frozen in South Africa
The case is related to a state-owned farm in the Free State leased to Gupta-linked company Estina (Pty) Ltd. in 2012.
03/01/2018
Anti-money laundering laws expose our financial sector’s soft underbelly
As Kenya positions itself as a regional financial hub, there is counter pressure to ensure there are strict and effective regulations to curb laundering of illicit funds
03/01/2018
M&A Value in Africa’s Energy Sector to Hit $4.5b in 2018
Head of the Energy, Mining and Infrastructure Sector Group at Baker McKenzie, Mr Kieran Whyte, disclosed that in Africa, greenfield investment continued in the energy sector, particularly in renewables, which was forecast to grow in coming years.
02/26/2018
Zimbabwe: 'Just Give Us Our Benefits, ' Mugabe Tells Mnangagwa
The benefits were laid out in an official government notice published by Mnangagwa in December.
02/21/2018
South African Fund Manager Puts Up Bounty in Hunt for the Guptas
She’s also pledged 200,000 rand to the first Gupta bodyguard who calls the authorities to reveal his location
02/19/2018
Atul Gupta challenges asset freeze
Gupta brother confirms he is outside South Africa.