Managers of Wealth Africa

Zimbabwe: Nssa to Probe Investment Deals

All these initiatives have started running after NSSA has reached a retrenchment agreement with five former senior managers who were axed last year

Report of the Commissioner’s investigation into African Bank Limited

The manner in which the investigation was conducted is outlined in the Commissioner’s report.

Nigeria: Court Seals Research Institute, Business Premises Over Tax Matters

He said as soon as the courts pronounce a sealing order, it is executed promptly, adding that the board on its own does not seal defaulters offices or premises.

Hatstone News

This newsletter brings news from our three offices in Jersey, Panama and South Africa and announces our new office.

Draft regulations for the implementation of Country-by-Country reporting published in South Africa by Arnaaz Camay

The OECD’s recommendation under Action Plan 13 was that all countries should adopt a standardised approach to transfer pricing documentation which follows a three-tiered structure consisting of a master file, a local file, and country-by-country (&l

The evolution of the “foreign partnership” definition in South Africa by Refilwe Mashale

In South Africa, the determination of whether a foreign entity is a company or partnership is an important one, as it subsequently determines the applicable tax treatment of the foreign entity.

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.

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.

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

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.

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.

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.

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

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.

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

Kenya: It's Time to Be Serious About Graft War

As Kenyan scams go, "Chickengate" is relatively small fry.

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

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

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”).

Final opportunity to regularise your unauthorised foreign assets by Mmangaliso Nzimande and Jerome Brink, ENS Africa

Automatic exchange of information between tax authorities

Legal