Managers of Wealth Africa

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.

Appleby Bermuda Advised African Risk Capacity on First Sovereign Risk Insurance Pool

The Appleby team was led by Insurance Partner Brad Adderley in the Bermuda office, and assisted by Associate Seth Darrell on the Insurance team and Counsel Martin Ouwehand on the Litigation & Insolvency team.

Disgraced Nedbank manager increased own loan amounts

He abused the company’s e-mail and internet policy when he "received, returned and forwarded" pornography

Ex-Afribank Boss’ Trial For Alleged Fictitious Loans Continues

The commission alleged that the stolen money was fraudulently converted to the use of AIL Securities Limited

Defunct African Bank Boss In Trouble

An Investigating Police Officer, Mr Emmanuel Al-Hassan, gave the court a graphic detail of how the fictitious loans were granted without security.

South African goldmine

The offices will focus on dispute resolution and insurance in the first instance – building on our global capabilities in both of these markets.

Nigeria: EFCC Drags Ex-Commissioner to Court Over Alleged N108 Million Theft

The Economic and Financial Crimes Commission (EFCC) has charged former Commissioner for Youth and Sports in Anambra, Mr Okey Aroh, to court over the alleged theft of N108 million.

Sanusi asks court to dismiss Intercontinental Bank shareholders’ suit

The suspended Central Bank of Nigeria, CBN, Governor, Lamido Sanusi, on Wednesday urged an Abuja Federal High Court to dismiss the suit by some shareholders of defunct Intercontinental Bank.

First Bank, sole financier of Tejuosho market, says developer

A Federal High Court in Lagos has been told that First Bank Plc is the sole financier of the new Tejuosho ultra-modern market in Lagos.

Kenyan banks join African race to end ATM card fraud

Magnetic stripe technology

Court Refuses Application to Arrest Aig-Imoukhuede, IGP, Others

A Federal High Court in Abuja yesterday refused an application for the issuance of a bench warrant to compel the former Group Managing Director of Access Bank Plc,

Court Strikes out Suits against CBN

The counsel to the CBN and Nigeria Deposit Insurance Corporation (NDIC), Mr Ogechi Ogbonna, had argued that the suit was filed out of time

KCB sues brokerage firm over Safaricom IPO

KCB said it had been tasked with receiving the applications and forwarding them to the investment bank

Legal