Managers of Wealth Africa

Kenya: State Halts Mwalimu Sacco Bid to Acquire Equatorial Commercial Bank, Orders Inquiry

Mwalimu National Sacco's bid to acquire Equatorial Commercial Bank was halted on Tuesday pending a probe into the deal.

Seychelles is ‘open to assist’ Sri Lanka with Rajapaksa money-laundering investigation

The government of Seychelles has said it will assist with all formal requests for an investigation into the assets of Sri Lanka’s former president.

Ecobank to appeal $15m ruling

The Commercial Court of Abidjan ruled on 15th January 2015 that Dr Daniel Matjila, a director of ETI and Chief Executive Officer of Public Investment Corporation of South Africa (PIC)), along with PIC and ETI are jointly liable for defamation against Thie

Ousted Ecobank CEO awarded $15m damages

On Thursday, Albert Essien, the bank’s current chief executive, told the FT: “It is sad. It is an unfair judgment given the facts of the case and we are appealing.”

Ecobank Ordered to Pay Former CEO Tanoh $12.3 Million

Ecobank Transnational Inc. was ordered by the commercial court in Abidjan to pay former Chief Executive Officer Thierry Tanoh 7 billion CFA Francs in compensation,

SA newspaper in AfriLeaks launch

Whistle-blowers can now leak information anonymously via AfriLeaks, a new website set up by 19 media outlets and activist groups across the continent, which is committed to "speaking truth to power"

Chief CashGate Suspect Osward Lutepo Owes Two Malawi Banks K1.3 Billion

Lutepo is accused of siphoning over K1.6 billion from government coffers through ghost contracts in what is currently terms as Cashgate.

Harare Conman Fleeces Bank Staff of U.S $14,000

Prosecutors say Gurure allegedly met Mutengwa and also made several communications with him over the phone and on e-mail in relation to the deal.

Directors of PFCs Face Five-Year Jail Term for Mismanagement

The directors of Pension Fund Custodian (PFC) will be sentenced to a minimum of five years imprisonment

Abil to publish annual results in March 2015

African Bank Investments said on Tuesday it expects to publish its delayed annual results for the current financial year by the end of March 2015.

Republic Bank wins case in Ghana

The High Court ruling of Mr Justice Koomson had been at the instance of the HFC Bank.

Mastermind behind South African 'Ponzi scheme' flees to Dubai

The man behind one of South Africa's largest alleged Ponzi schemes is believed to have fled to Dubai

Standard Chartered Bank Ghana Limited fights for survival

The Standard Chartered Bank Ghana Limited has filed an appeal in the case in which it lost to Akwasi Boakye Osei, a businessman for failing to honour his cheques

International law firm advises on U.S.$750,000,000 sovereign bond tap issue by the Republic of Kenya

International law firm has advised the joint lead managers in relation to the U.S.$750,000,000 tap issue by the Republic of Kenya of its debut issue of U.S.$500,000,000 5.875% Notes due 2019 and U.S.$1,500,000,000 6.875% Not

Africa business in brief

Africa business in brief | issue 91 | 2014-12

Doing Business In Africa: Award-Winning Lawyer Peter Petrou Provides An International Perspective

Peter Petrou, a 30 year-old British-born, international award-winning Commercial Lawyer, has advised several of the world’s largest corporations on doing business in Africa.

Leading global law boosts South African offering with two new partners

The firm has an extensive practice covering the African continent. We have three offices in Cairo, Casablanca and Johannesburg and regularly work on matters involving other African countries.

Litigation Dogs Proposed Access Bank's N68 Billion Fund Drive

Indications emerged Wednesday that the rights issue proposed by Access Bank Plc to raise the sum of N68 billion for its operations has been enmeshed in litigation following a suit filed by some aggrieved shareholders against the management of the bank.

Africa's largest law firm boosts banking & finance team

He is a qualified English lawyer

DIFC Courts, Kenyan judiciary sign enforcement guide

The DIFC Courts, Dubai’s established English-language, commercial common law judicial system, today signed a landmark enforcement document with the High Court of Kenya (Commercial and Admiralty Division) in a move that further reinforces the UAE&

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