Managers of Wealth Africa

Absa sued over dodgy investments

Trustees of a clothing workers’ investment body are suing Absa for R195 million.

Foreign currency account holders threaten to sue banks & BoG

Many commercial banks as well as the Bank of Ghana are likely to be hit with a tall list of legal suits following the introduction of new and revised forex rules by the BoG.

Stephenson Harwood kicks off Africa secondment programme

Stephenson Harwood is adding to its Africa expertise by starting a programme of sending associates on secondment to independent firms on the continent.

Bowman Gilfillan announces merger with Madagascar firm

The group most recently added Botswana to its network, with the addition of Bookbinder Business Law

Norton Rose Fulbright launches global regulation and investigations practice

We identified global regulation and investigations as an area that is one of the greatest for clients in terms of concern, focus and spend

Hogan Lovells launches low-cost support base in South Africa

We chose Johannesburg as it has an excellent supply of talented people

Leading law firm launches new Operational Intelligence Group

Operational Intelligence Group set up in anticipation of more global risk and regulatory changes

Conyers named Best Offshore Law Firm at MENA FM Fund Services Awards

The awards paid tribute to the service providers who have shaped the MENA funds industry in 2013.

DLA Piper leads global M&A legal advisor league tables for fourth consecutive year

For the fourth consecutive year, DLA Piper has retained its number one ranking globally for overall deal volume in 2013

DLA Piper's Africa group expands across the continent

DLA Piper's Africa Group has expanded in North, Southern and Eastern Africa with the addition of three new member firms.

Ecobank suspends Ms Laurence do Rego over fraud

Pan-African banking group Ecobank Transnational Incorporated has lined up some initiatives and reform plans as measures to solve its internal corporate governance gaps.

50 Percent Of Executives Surveyed Say Companies Have Limited Or No Protocols For Cross Border Investigations - KPMG

This revelation comes at a time when data and employee privacy issues, often triggered by investigations, are dominating the headlines and major corporations are facing increased regulatory scrutiny around anti-bribery and corruption legislation

N15bn fraud: Court grants Briton, ex- Nigerian Bank MD, N200m bail each

The judge also ordered the accused to deposit his passport with the court

Hogan Lovells Johannesburg Office Recognised for Black Economic Empowerment

BEE is a process recognised by the South African Government in the Legal Practice Bill in order to address the redistribution of existing wealth where great disparities were created through the policies of apartheid.

Kenya Rebuffs Bensouda's Push for Financial Details

The Kenyan government has refused to furnish the Prosecutor of the International Criminal Court (ICC) with the private financial details of the three ICC accused.

Wealth manager jailed for fraud

A former relationship manager at Barclays Wealth, a division of Absa, was sentenced to 15 years in jail on Thursday

Greenberg advises on $325m Bob Diamond-backed Africa fund

In a prospectus filed yesterday (17 December), the company said it hoped to begin trading shares by the end of the week, as part of a public listing on the London Stock Exchange.

Appleby Reports Offshore Incorporation Activity For The First Half Of 2013

The number of new incorporations across the whole offshore region has fallen slightly compared with the previous six-month period but as the number of firms ceasing to trade has also dropped, this has allowed most registries to continue to grow. Many are

Belgium probes murky world of cash, diamonds and banks such as HSBC

Those murky ties have drawn unwanted attention to Omega Diamonds, one of the largest importers of African diamonds, which faces fines of up to US$6.3 billion in a customs-fraud trial that started last month.

New code to bar MDs, finance directors from audit committees

The law provides that audit committees should comprise three directors and three shareholders.