Managers of Wealth Africa

Standard Bank Starts Legal Action Over Suspected Qingdao Port Fraud

Standard Bank said its exposure to possibly missing aluminum at Qingdao is $170 million

Libya’s $66 billion wealth fund replaces chairman amid probe

Breish was asked to leave his position at the LIA amid an inquiry under Libya’s “Political Isolation law

Mauritius: Govt. to set up office to investigate corruption

The Mauritian government is to set up a Serious Fraud Office for the investigation of corruption, money laundering and financial crimes.

Former Nedbank staff accused of duping clients

A former financial planner for Nedbank faces charges of theft and fraud for allegedly transferring clients’ money into his own bank account.

Tax Ruling by the Mauritian Revenue Authority on Chargeable Interest Income

The Mauritius Income Tax Act 1995 (Income Tax Act) provides that “any person who derives or may derive any income may apply to the Director-General for a ruling as to the application of the Income Tax Act to that income”. One of the latest Inc

Standard Bank managers bounce back in office

The managers are employed by the bank accounts’ executives in the corporate and investment banking division (CIB)

U.S. may probe Nigerian banks over terror funding

There were fears recently that Nigeria may be blacklisted by international anti-money laundering watchdogs

End of the road for a Nigerian fraudster

While he bled them of their life savings, Onyeachonam enjoyed a life of fast cars, champagne and designer clothes

Moroccan parliament gives preliminary approval to Islamic finance law

Lawmakers in the first house voted unanimously in favour of the law

Baker & McKenzie Elects 65 New Partners Worldwide

Regionally, 29% of the promotions are in Asia Pacific; 32% are in Europe, Middle East and Africa; 14% in Latin America; and 25% in North America. 28% of those promoted to partner are women.

Two Law Firms to Merge, Eye Mega Deals in Region

Kenyan firms Hamilton Harrison & Matthews (HHM) and Oraro & Company have announced they are to merge, pending regulatory approval.

Nigeria: Banks Lose N159 Billion to Cyber Crime

A fortnight ago, the deputy governor, financial systems stability, Central Bank of Nigeria, Mr Adebayo Adelabu, said 2.4 per cent of banking revenue was lost to fraud cases

Skadden picks up new client via Mota-Engil Africa LSE listing

Skadden Arps Slate Meagher & Flom and Linklaters have scooped key roles advising on industrial conglomerate Mota-Engil Africa’s proposed IPO on the London Stock Exchange.

The money drain: Illicit financial flows block Africa’s progress

Africa loses about $50 billion every year to illicit financial flows

Ghana: Minority accuses government of drawing money illegally

The Minority in Parliament on Monday reproached government for illegally making use of money from the Petroleum Stabilization Fund, accusing government of colluding with the Bank of Ghana to withdraw 177 million dollars from the Fund.

A&O steps into Canada as Casablanca founding partner heads home

Allen & Overy is to open a small base in Toronto after the Canadian-qualified founding partner of its Casablanca office returns to Canada.

Eversheds bolsters International IP practice with South African team hire

Law firm Eversheds has bolstered its international IP offering with the hire of Sara-Jane Pluke who has joined the firm as a partner and head of intellectual property in South Africa.

Global law firm expands in South Africa with Durban launch

We will retain our distinctive culture and value system, but operate under the global Eversheds brand which will give us a unique competitive advantage.

Tejuosho Market: Court Strikes out Contempt Charge against FirstBank

For the plaintiff to commence a valid contempt proceedings, it requires the leave of court

Standard Bank employee arrested for fraud

A Standard Bank employee at the Walvis Bay branch is expected to appear today in the Swakopmund magistrate’s court following her arrest yesterday for fraud.