01/12/2016
How ‘fishmonger’ family looted Sh34 billion from Imperial Bank
But as 50,000 depositors of Imperial Bank have painfully found out, their money would have been much safer at home under their mattresses.
Legal
01/11/2016
Deloitte Confirms Lawsuit Over Losses by African Bank Investors
Deloitte takes its responsibilities in regard to being a guardian of public trust very seriously and we believe that we have fulfilled and continue to fulfill this responsibility.
01/11/2016
New rescue plan to pay Abil creditors
The Abil business-rescue practitioners said the revised plan would be considered by creditors on February 29.
01/11/2016
International Law Firm advises on debut sukuk for the government of cote d'ivoire
The sukuk is an amortising sukuk al-ijara and is targeted at local banks and institutional investors. It mirrors the successful Senegal sukuk that Hogan Lovells advised on in 2014.
01/11/2016
Kenya: UK Company Fined Sh330 Million for Bribing Kenya Officials
It was an additional fine that follows the jailing of the company's former directors last February
01/06/2016
SA partners sue Innscor CEO
Fourie, one of South Africa’s most recognisable executives, was chief executive of collapsed furniture retailer Ellerines
01/06/2016
Deloitte sued over R2bn loss
The shareholders say it was “false” of Deloitte to note in its audit opinion that financial statements fairly represented African Bank’s position
01/05/2016
Deloitte Confirms Lawsuit Over Losses by African Bank Investors
Deloitte takes its responsibilities in regard to being a guardian of public trust very seriously and we believe that we have fulfilled and continue to fulfill this responsibility.
01/05/2016
BEE investors sue Abil directors
The action could become a test case for suing directors in their personal capacity under the Companies Act of 2008.
12/31/2015
Mozambique hands light sentences to bank scam masterminds
The court found that Novela and Loveve also recruited relatives into the bank with the sole purpose of taking part in the fraud.
12/24/2015
CBK Governor Patrick Njoroge reads the riot act to commercial bank auditors
The latest initiative comes months after Dubai Bank and Imperial Bank collapsed in quick succession.
12/24/2015
Corruption in Kenya: It's Not About the Wealth. It's About the Source of the Wealth
As for the astute observation that corruption "hurts growth.....", I will let that stand on its own.
12/18/2015
Ghanaian Oil Tycoon Kevin Okyere, Tied To Shady Oil Deals In Nigeria, Illegally Buys $250K Mercedes-Benz From US
An investigation by SaharaReporters has discovered that Kevin Okyere, a Ghanaian oil tycoon tied to shady oil deals in Nigeria
12/15/2015
Sir Bob Geldof faces court battle over African investment company
A judge was asked to decide whether the dispute - centred on the 8 Miles private equity firm of which Sir Bob is the chairman - should proceed to a trial.
12/14/2015
The Common Reporting Standard - Maitland
The Common Reporting Standard (CRS) is the standard for automatic exchange of financial account information developed by the OECD which provides for systematic and periodic automatic exchange of information between participating governments of informati
12/09/2015
carbon tax – accounting for it
by Mansoor Parker and Andrew Gilder and Olivia Rumble and Mandy Momberg
12/09/2015
Carbon tax – meaning and context
by Mansoor Parker and Andrew Gilder and Olivia Rumble
11/27/2015
ProCredit disposes of DRC banking operations
The transaction completed earlier in 2015
11/25/2015
Africa's largest law firm goes from strength to strength as it launches in Ghana
Ghana offers a wide range of business and investment opportunities and the country has an abundance of agricultural, mining and human resources, among others.
11/19/2015
'Do you want a lover tonight?' – navigating the fine line between sexual attention and sexual harassment by Itayi Gwaunza
If you are thinking about “trying your luck” with a work colleague, think twice – that moment of indiscretion may cost you your job.