04/24/2016
Keroche accuses EABL of frustrating fair competition
The beer company says the scheme came about after it launched a new plant in Naivasha in the presence of industrialization CS Adan Mohammed.
Legal
04/22/2016
SA losing billions each year to cyber-crime
A typical attack on South African assets averages 9 Giga-bytes-per-second and lasts 17 minutes.
04/22/2016
Africa: Global Firm Explores Mining, Agriculture Investments in Nigeria, Kenya, Others
As part of the expansion plan, the company has also begun the legal registration process to open a representative office in Dubai
04/14/2016
International law firm Reports on Middle East Investment into Africa
The report explores how the Middle East is becoming a hub for channelling investment into Africa, as its economies continue to develop.
04/13/2016
Internet-based nature of MMM scheme ‘makes it tricky to investigate’
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
President Praises CBK Move Targeting Managers of Collapsed Banks
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
Ex-TRA boss, 2 others arraigned
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
DA wants reasons for delay in release of findings from African Bank investigation
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
ENSafrica and its lawyers ranked among the world's best
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
Kenya: It's Time to Be Serious About Graft War
As Kenyan scams go, "Chickengate" is relatively small fry.
03/18/2016
Sacked Barclays staff in court to stop bank's exit from Kenya
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
Proposed expansion of “permanent establishment” definition by Annalie Pinch and Nicolette Smit, ENS Africa
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
Introduction of legislation to implement Country-by-Country reporting in South Africa by Arnaaz Camay, ENS Africa
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
Final opportunity to regularise your unauthorised foreign assets by Mmangaliso Nzimande and Jerome Brink, ENS Africa
Automatic exchange of information between tax authorities
03/15/2016
HSBC freezes at least $87m in accounts linked to China’s Sam Pa Tom Burgis
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
Linklaters, Webber Wentzel steer home African bank restructuring
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
Brother of ex-British PM Blair expected to judge Libyan sovereign fund case
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
Sujana Summoned in Mauritius Bank Case
The court had issued summons to the board of directors to appear before it on March 5.
03/01/2016
South Africa has the highest rate of economic crime in the world
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 awards 2016 Will honor the CEOS and companies that have shaped the year
The AFRICA CEO FORUM 2016 will be taking place in Abidjan, Cote d'Ivoire on 21 and 22 March.