Managers of Wealth Africa

The return of $300m Abacha loot

The government of Switzerland, he recalled, had earlier recovered and repatriated $700 million to Nigeria from previously discovered Abacha loot.

Judge directs Imperial Bank owners, CBK to consider out of court settlement

Parties warring over Imperial Bank saga might consider solving the crisis surrounding the financial institution out of court.

Former Nedbank manager sues over shares

Mr Diakanyo was dismissed in February 2014 after run-ins and a breakdown in his relationship with group finance director Raisibe Morathi.

African law group impressed by new merger thresholds

Since its inception in December 2009, the Namibian Competition Commission 's Mergers and Acquisitions division has to date handled in excess of 200 mergers.

Mauritius Enacts Good Governance and Captive Insurance Laws

These Acts demonstrate the continued commitment the jurisdiction has toward further enhancing its services offerings as well as its culture of transparency and good governance.

Ghana: BNI Must Also Question BOG Officials

The moratorium was extended by 30 days after the earlier 90 days ended to September 11, 2015

Standard Bank CEO warns racism is a risk to SA growth

We need a new phase of open, serious dialogue about race and racism – Tshabalala.

Nigerian govt can't freeze MTN's bank accounts

The attorney general argued that MTN had previously moved almost US$1 billion out of Nigeria to accounts in the Cayman Islands, British Virgin Islands and Mauritius.

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.

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.

New rescue plan to pay Abil creditors

The Abil business-rescue practitioners said the revised plan would be considered by creditors on February 29.

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.

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

SA partners sue Innscor CEO

Fourie, one of South Africa’s most recognisable executives, was chief executive of collapsed furniture retailer Ellerines

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

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.

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.

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.

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.

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.

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