Managers of Wealth Africa

IMF vets Kenya’s new money laundering Bill

Anti-money laundering is a key pillar in IMF-Kenya program

SARS knows everything about your bank account

SARS identified deposits received by the taxpayer into his Investec and Nedbank bank accounts, as well as payments received from FX Africa.

Ecobank Nigeria plans to appeal the court judgment of N72 billion in Honeywell’s case

According to the bank, the instant suit was an action filed in 2018

South Africa and Germany seek to develop green hydrogen links

A joint declaration of intent concerning green hydrogen was signed recently by Kgosientsho Ramokgopa, South Africa’s minister of electricity, and Robert Habeck, Germany’s minister of economic affairs and climate action.

Court deals State another blow in Sh210 billion tax fight

Treasury Cabinet Secretary Njuguna Ndung’u had submitted that suspending the new tax law would lead to a shutdown of government operations.

StanChart escalates 30-year fight with Galot

The loan was converted to local currency in 1986.

Supreme Court's Daniel Arap Moi land ruling sends banks, buyers into a panic

The country’s apex court in April said not even the passage of over 30 years could stop grabbed public land that had undergone multiple successions in private hands reverting back to the public.

Further South African electricity initiatives must follow Mozambique deal

Business Live reported that an unnamed mining company is behind the deal, acting as a private off-taker in the arrangements.

90 percent of Kenyans reject Finance Bill 2023

The survey was undertaken between May 19 and June 6, with 20 percent of the respondents being Nairobians.

Businesses push back against South Africa’s strict new BEE laws – with another legal challenge on the way

Under the new Act, the employment minister is empowered to set sector-specific numerical targets for the racial and gender makeup of designated businesses, which must be achieved over five years.

KRA boss escapes jail in row over remmitances to employees union

The Court of Appeal in 2018 directed KRA to implement the system and start remitting deductions after rejecting KRA’s defence

Ondo court remands four for examination malpractices

The defendants include Timilehin Akinwale, Olayinka Mustapha, Peter Okereke, and Feranmi Adesuyi.

Firms in court for illegal N3bn investments – SEC

Justice Bogoro was quoted as saying, ‘The Court will grant the request of the Prosecution and issue a criminal summon to be served to the defendant for arraignment.

Court upholds decision to stop shipping law changes

The National Assembly had argued that the High Court erred in concluding that there was insufficient public participation before the enactment of the Statute Law

Alleged Amnesty Fraud: Court rejects ECOBANK’S motion against Nigerian govt

ECOBANK also sought an order of interim injunction restraining the government from taking further steps “to further harass the applicant, directors and staff."

Government to challenge load shedding exemptions for hospitals and schools

The judgment follows major public backlash from political parties, civil society organisations and labour unions.

Legal gaps exposed in Safaricom row with internet call companies

The Internet-based telcos onboard subscribers by issuing a one-time password (OTP) using a number from the operating network.

Doing business in the UAE: an introduction

The UAE is a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Shajah and Umm Al Quwain.

A desert rose among thorny legal issues

Paratus invests in its own infrastructure and has built expert teams in seven southern African countries that serve customers across the continent with a seamless quality network service.

New proposed laws to get squatters and land grabbers off of private property in South Africa

The new amendments seek to limit the application of the original act in certain instances to prevent unlawful occupiers