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Equatorial Guinea President’s Nephew Jailed for Embezzlement

A nephew of Equatorial Guinea’s President Teodoro Obiang Nguema, Baltasar Ebang Engonga, has been sentenced to eight years in prison for embezzlement, marking a dramatic fall from grace for the once-powerful official. Engonga, nicknamed “Bello” for his good looks, was the former head of the National Financial Investigation Agency. A court ruled that he had diverted public funds for personal use, alongside five other officials who allegedly misappropriated money meant for travel allowances ranging from $9,000 to $220,000. His case drew international attention last year when sex tapes allegedly involving him were leaked online. The scandal erupted while he was in detention on charges of funneling millions into secret offshore accounts in the Cayman Islands. Many of the leaked videos appeared to show him with women connected to the country’s political elite, further fuelling controversy. The videos’ authenticity was never […]

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Ghana to Host Digital Assets Summit Africa 2025

The countdown is officially on as Ghana prepares to host the first-ever Digital Assets Summit Africa (DASA) 2025, scheduled for 29–30 September at the Ghana–India Kofi Annan Centre of Excellence in ICT. Organised by Promark Elite Ltd. in partnership with major financial and technology stakeholders, the two-day event is themed “Unlocking Africa’s Digital Economy Through Innovation & Regulation” and promises to be the most influential gathering of digital asset leaders on the continent. The summit will bring together central banks, securities regulators, stock exchanges, fintech pioneers, blockchain innovators, institutional investors, and policy experts from across Africa and the world. Discussions will focus on regulatory frameworks, tokenisation of traditional assets, blockchain-powered financial inclusion, and the integration of artificial intelligence into financial services. “This is not just a conference; it is Africa’s opportunity to design the blueprint for a tokenised digital economy,” […]

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