Managers of Wealth Africa

KENYA: Islamic bank pushes for regulation review

This is because sharia compliant banking prohibits earning interest on money, hence Murabaha is the loan facility for Islamic banking.

Standard Bank denies reckless lending to reverse mortgage scheme firm

Reverse mortgage schemes have already been found to be fraudulent by the High Court in Bloemfontein.

Goldman To Face Libya's Sovereign Wealth Fund In Court Over Trades

Goldman had filed a summary judgment application – a request to decide a claim without going to trial

Toyota bond falls victim to African Bank

Automobile dealer delayed a R1.5 billion bond sale 'until further notice'.

Shares’ fraud: NSE indicts 29 stockbroking firms, four others

The Nigerian Stock Exchange (NSE) has investigated and indicted 29 stockbroking firms and four stockbrokers for alleged unauthorised sale of their clients’ shares.

Baker & McKenzie bolsters Jo'burg with competition bolt-on

The hire comes two years after Baker & McKenzie launched in South Africa

Leading international law firm enters South Africa via alliance

This collaboration will enhance the strength of the two firms’ international offerings, providing clients with immediate access to leading Africa practices with recognised expertise across multiple sectors including Energy & Infrastructure and N

New credit legislation could deliver a fresh blow to African Bank

Beleaguered African Bank has yet another thing to worry about.

Dentons announces new association in Ghana

The global law firm Dentons has announced a new association with leading Ghana law firm JLD & MB Legal Consultancy

Dentons agrees new Ghana relationship after former ally chooses independence

In a statement, Bentsi-Enchill said the two firms had “mutually agreed” to terminate their non-exclusive relationship and that the firm would cease to be a member of Dentons’ Africa Group.

Emefiele Urges More Commitment Towards Achieving Monetary Union

He added: “Also member countries’ business cycle synchronisation in terms of real GDP, inflation, broad money and interest rates remained weak, and their level of institutional preparedness for the monetary union remains inadequate.”

Zimbabwe: SA Experts Roped Into Econet Inquiry

Case that is likely to re-shape the future of the financial services sector, The Herald Business can reveal.

South Africa: Investors battle to claim losses

Old Mutual imposed large penalties on the clients’ investments and has refused to reverse these, because the advisers were not its agents when they sold the policies.

South African Hedge fund scam: second ruling

He earned R8.4 million in so-called share profits from the Relative Value Arbitrage Fund (RVAF), which purported to be a hedge fund but was, in fact, a scam.

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)