Managers of Wealth Africa

SEC Charges Two Former Och-Ziff Executives With FCPA Violations

The SEC is seeking monetary penalties against Cohen and Baros among other remedies.

Ex-Sanlam Adviser in Dock for Fraud, Forgery

He appeared in the local magistrate's court there and the case was transferred to Bellville.

Baker Tilly Wins 2016 “Accounting Network Of The Year” Award

The award to the firm was made at the IAB’s 2016 awards ceremony held in London, UK late last year

deVere Group ‘under attack’ in S Africa, says CEO Green

Green stressed that neither deVere Group nor its wealth management arm, deVere Acuma, deals directly with client monies.

FNB embroiled in a fresh scandal

FNB can confirm that an investigation into this matter is under way

Ghana ranked 70th corrupt country, dips 4pts

The lowest in Ghana’s CPI scores since 2012 when CPI scores became comparable.

Jamii Bora Bank sues EY in Sh451m Uchumi shares row

Ernst & Young is accused of failing to disclose critical information that would have informed the prospective investors of the true financial position of the retailer

Global Law Firms Turn to Africa

But as these global firms continue to set up shop in Johannesburg

Mourant Ozannes advises on €186 million investment into AIM-listed Globalworth Real Estate Investment Limited

The number of jurisdictions involved and the complexities of dealing with the Takeover Panel regarding the ultimate interest taken in Globalworth.

Ecobank moves to take over Zamfara’s fund in bank

“Failure to comply with the application for consent makes the order null and void,” he said.

Clifford Chance ME team puts focus on Africa projects

The new arrivals complement the Clifford Chance existing Africa team based in the region, led by Mohamed Hamra-Krouha, Jason Mendens and Andrej Kormuth.

Malawian billionaire smuggles US$8.8m into Botswana in car boot

A total of US$8,886,000 was deposited into one of Khato Civils (PTY) Ltd’s account held by Stanbic Bank Botswana.

African Business Review article by Maarten Van Horenbeeck ‘Collaboration is vital to Africa’s cyber-security tactics’

The most serious issue is the significant gap between the scale of Africa’s cyber-security capability and the increased availability of internet-enabled devices to a wider cross-section of the population.

European bank starts own probe on Shelter Afrique

The EIB takes all such allegations seriously and is currently working in close cooperation with the Shelter Afrique board on their investigation.

N3.1 billion debt: Court fixes January 17 to hear Ecobank’s suit against Zamfara

The bank had commenced the garnishee proceeding against the state seeking to recover the debt.

Kenyan contractor in Sh5.1bn fight with US private equity fund

Mr Patel accuses ECP principals of deceit and use of threats

Another listed SA bank becomes state capture battleground: Absa vs Hlongwane

He also wants Absa’s closure of the accounts declared unlawful and unconstitutional.

Rising Japanese Investment in Africa Prompts Law Firms to Ramp Up Africa Practices

But Japan's focus on opportunities in Africa has been growing steadily in recent years.

$153m: EFCC Uncovers Diezani’s Hidden Multi-billion Estate In Yenegoa

About five bank chiefs are likely to face trial over the $153million allegedly withdrawn by the ex-minister from the accounts of the Nigerian National Petroleum Corporation( NNPC) in December 2014.

DOJ Files Consent Order Against Union Savings Bank, Guardian Savings Bank

The DOJ also alleges that Union Savings Bank knew that it was underserving majority-minority census communities in its lending areas

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