04/13/2016
Administrators of the scheme, spearheaded by convicted Russian fraudster Sergey Mavrodi, said in a Facebook post at the weekend that it would be closed down after it failed to pay out promised returns of 100% a month.
04/12/2016
Speaking Sunday during a fundraiser at Thika's ACK St Andrews Cathedral, Mr Kenyatta warned unscrupulous bank managers who use depositor's funds for selfish gains.
04/04/2016
The purpose, according to the prosecution, was to arrange for financing in the amount of 550 million US dollars to the government of Tanzania
04/04/2016
The announcement early in March that the commencement of operations at Good Bank had been set for April 4 was lauded as "a significant milestone in the delivery of the African Bank restructuring" process.
03/28/2016
As you may be aware, Chambers is an independent rankings agency that ranks lawyers and law firms based on their legal knowledge, experience, ability, effectiveness and client service, following extensive research that, for this year’s guide, covered
03/18/2016
As Kenyan scams go, "Chickengate" is relatively small fry.
03/18/2016
They want the impending exit of Barclays from the Kenyan market stopped; their argument is that the bank may not meet obligations to them
03/16/2016
During October 2015, as part of the Organisation for Economic Co-operation and Development (“OECD”)/G20 Base Erosion and Profit Shifting (“BEPS”) Project, the OECD issued its final report in respect of Action 7 “Preventing th
03/16/2016
On 24 February 2016, the Minister of Finance announced in the Budget Speech that South Africa was working with other countries to combat base erosion and profit shifting (“BEPS”).
03/16/2016
Automatic exchange of information between tax authorities
03/15/2016
In a 2014 Financial Times investigation, people who have had dealings with Mr Pa — who goes by at least seven different names — claimed that he also had close ties to the Chinese intelligence services.
03/11/2016
The South African government appointed external administrators to oversee a restructuring of the bank’s assets as a result, placing the bank under a local rescue process
03/07/2016
The LIA is attempting to pursue the banks for more than $3 billion it claims was mismanaged. Both banks have rejected the allegations.
03/07/2016
The court had issued summons to the board of directors to appear before it on March 5.
03/01/2016
South African organisations reported a considerably higher frequency in the incidence of economic crime in comparison to their African and global peers.
02/29/2016
The AFRICA CEO FORUM 2016 will be taking place in Abidjan, Cote d'Ivoire on 21 and 22 March.
02/29/2016
The projected amount to be raised will be the highest since 2010
02/29/2016
John Robertson, a renowned economist in Zimbabwe, said on Friday that the international banks were terminating their corresponding bank partnerships with Zimbabwe to avoid potential fines by the US.
02/26/2016
We would like to thank you, our clients, for putting your trust in us and affording us the privilege of serving you as you do business across the African continent.
02/26/2016
ersey's Attorney-General Robert MacRae QC said the decision by the Court will not dampen his country's pursuit to have the two extradited to face charges of money laundering.