Managers of Wealth Africa

Legal reforms urged to promote Islamic finance in Africa

Current legal framework is not conducive for Islamic finance in east Africa, expert says at a summit in Kenyan capital

ENSafrica and its chairman take honours at the 15th Annual DealMakers Gala Awards

ENSafrica Chief Executive Mzi Mgudlwa said: “We are deeply honoured to be acknowledged for our leading role in South Africa’s M&A and corporate finance spheres. We are also incredibly pleased that Michael has been recognised as ‘Sout

Africa tax in brief by Celia Becker

NIGERIA: Financial transactions subject to stamp duty

Tax administration: SARS’ constitutional obligations and taxpayers’ rights

This topic is very complex and, accordingly, what follows is a very broad overview of these issues.

Equity Bank surrenders staff to KRA over fraud

Equity Bank has surrendered two of its staff members to the to the KRA/Banking Fraud Investigation Unit police for prosecution.

tax ENSight

Progress on tax treaties, protocols, tax information exchange agreements and agreements on mutual administrative assistance

Eversheds advises on renewable energy projects in Africa

Law firm Eversheds supports InfraCo Africa and its development partner, Aldwych Africa, as it commits to renewable energy projects in sub-Saharan Africa.

Investment in Morocco and opportunities for companies in the Western Sahara

Although European companies are present in several sectors, in general, international companies have been reticent to do business in the Western Sahara due to the uncertainty surrounding its international legal status.

JPMorgan Chase lifts curtain on new EMEA panel

With JPMorgan's global legal spend hitting $3bn last year, the bank is one of the most lucrative legal clients in the world

Imperial Bank owners in court to stop payments

The shareholders want to stop further payouts to depositors to protect their key assets which they argue are the large deposits.

UK fraud prosecutor extradites fugitive from South Africa

The 51-year-old, who prosecutors said led an extravagant lifestyle and owned a Ferrari and three BMWs, absconded after being convicted in a linked SFO case in 2006.

Africa tax in brief by Celia Becker

BOTSWANA: Protocol to treaty between Botswana and South Africa enters into force

Allen & Overy recognized as Best Onshore Law Firm

Throughout 2015, we have advised on many high profile investment funds and asset management matters. It is very satisfying to know that our clients and peers hold us in such great esteem.

Nigeria, UAE No Longer Safe Haven for Criminals, FG Warns

The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, issued the warning in an exclusive interview with Vanguard, last night.

Judgement opens a world of trouble for SA banks

The judgement opens up a world of trouble for the banks. Judge Baqwa ruled that the banks’ securitisation vehicles are “subsidiaries” of the banks.

Djibouti signs trade, banking deals to deepen ties with China

Another agreement aimed to expand Djibouti's role for transhipment of goods in trade between China and the world

Exemption from STT for collateral by Magda Snyckers and Kelle Gagné

For years, the South African securities lending industry has been lobbying for an exemption from securities transfer tax (“STT”) for the outright transfer of listed equity securities as collateral.

Nigeria, UAE sign pact on repatriation of stolen wealth, others

The signing of the agreements on trade, finance and judicial matters was witnessed by President Muhammadu Buhari and the Crown Prince of the United Arab Emirates, Sheikh Mohammed Bin Zayed Al Nahyan.

The return of $300m Abacha loot

The government of Switzerland, he recalled, had earlier recovered and repatriated $700 million to Nigeria from previously discovered Abacha loot.

Judge directs Imperial Bank owners, CBK to consider out of court settlement

Parties warring over Imperial Bank saga might consider solving the crisis surrounding the financial institution out of court.