Managers of Wealth Africa

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

HSBC freezes at least $87m in accounts linked to China’s Sam Pa Tom Burgis

In a 2014 Financial Times investigation, people who have had dealings with Mr Pa — who goes by at least seven different names — claimed that he also had close ties to the Chinese intelligence services.

Linklaters, Webber Wentzel steer home African bank restructuring

The South African government appointed external administrators to oversee a restructuring of the bank’s assets as a result, placing the bank under a local rescue process

Brother of ex-British PM Blair expected to judge Libyan sovereign fund case

The LIA is attempting to pursue the banks for more than $3 billion it claims was mismanaged. Both banks have rejected the allegations.

Sujana Summoned in Mauritius Bank Case

The court had issued summons to the board of directors to appear before it on March 5.

South Africa has the highest rate of economic crime in the world

South African organisations reported a considerably higher frequency in the incidence of economic crime in comparison to their African and global peers.

The Africa CEO forum awards 2016 Will honor the CEOS and companies that have shaped the year

The AFRICA CEO FORUM 2016 will be taking place in Abidjan, Cote d'Ivoire on 21 and 22 March.

African IPOs undeterred by commodities rout - law firm

The projected amount to be raised will be the highest since 2010

Zimbabwe’s banks scramble to escape US fines

John Robertson, a renowned economist in Zimbabwe, said on Friday that the international banks were terminating their corresponding bank partnerships with Zimbabwe to avoid potential fines by the US.

ENSafrica recognised at the Client Choice Awards

We would like to thank you, our clients, for putting your trust in us and affording us the privilege of serving you as you do business across the African continent.

Kenya: Jersey Island Confiscate Gichuru, Okemo Stashes

ersey's Attorney-General Robert MacRae QC said the decision by the Court will not dampen his country's pursuit to have the two extradited to face charges of money laundering.

High Court bars Kenya Revenue Authority from selling firm’s assets

The High Court ordered the taxman not to attach or sell any assets belonging to Kundan Singh Construction International Ltd noting that KRA had not followed the proper process of demanding its dues.

The rule of law in Africa: enforcing governance or scaring off foreign investors? by Kenny Chiu and Rita Chen

However, enforcing the rule of law in Africa against the backdrop of globalisation has not been without challenges.

KRA officials implicated in perpetrating tax evasion charged

Last week the government sacked top bosses at the KRA and transferred others as it moved to rid the port of Mombasa of corruption

Legal reforms urged to promote Islamic finance in Africa

Current legal framework is not conducive for Islamic finance in east Africa, expert says at a summit in Kenyan capital

ENSafrica and its chairman take honours at the 15th Annual DealMakers Gala Awards

ENSafrica Chief Executive Mzi Mgudlwa said: “We are deeply honoured to be acknowledged for our leading role in South Africa’s M&A and corporate finance spheres. We are also incredibly pleased that Michael has been recognised as ‘Sout

Africa tax in brief by Celia Becker

NIGERIA: Financial transactions subject to stamp duty