Tag: africa
-
UBA Earnings Hits N494bn, Records Significant Asset Growth, Driven by Market Share Gains Across Africa
…Records Profit of N106.8 billion The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to N494.0 billion,…
-
Nigeria to host 2019 Rugby Africa Silver Cup
Rugby Africa has confirmed that Nigeria will host the 2019 Africa Silver Cup Pool A tournament in Lagos. A statement made available by Nigeria Rugby Football Federation (NRFF) said that Nigeria will play host to Madagascar, Botswana and Ghana from June 6 to June 17. It said that the tournament would serve as a huge…
-
Kuwait approves $2bn loans for African countries
The Ambassador of the State of Kuwait to Nigeria, Abdulaziz Albisher, has said that the Emir of Kuwait has approved $2 billion as grants and concessionary loans to African countries. He said the loans, reserved for investment and development, will be spread over five years. Besides, the envoy said that Kuwait has initiated another Annual…
-
UBA, Japan Trade Office Collaborate to Promote MSMEs in Africa
United Bank for Africa (UBA) Plc has indicated its readiness to support the Japanese government in its drive to promote Small and Medium Scale Enterprises across Africa. The Chairman, UBA Group, Mr. Tony Elumelu, indicated this on Monday, when the members of the Japan External Trade Organisation (JETRO), led by its CEO, Mr. Hiroyuki Ishige,…
-
How Blockchain can revolutionize the energy industry in Africa: OPINION
By Nsikak John In Africa, the demand for electricity largely exceeds supply. Nigeria’s shortage of 173,000MW (for a nation whose current energy needs is around 180,000MW) gave rise to large-scale imports of noisy and polluting power generating sets. Most sub-Saharan African countries experience the same. In rural areas in Rwanda, where over 70% of the…
-
Obesity increasing in Africa, 672m people affected globally – FAO
The Food and Agriculture Organisation (FAO) has raised the alarm over what it termed “fastest rising incidences of obesity in African”, noting that an estimated 672 million people are affected globally. The Director-General of FAO, Mr Graziano da Silva, said this at the 160th session of the FAO Council in Rome, citing the “2018 State…
-
Thousands of UBA Staff Across Africa Give Back to their Communities
UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, on Friday, November 23, 2018 launched its Each One, Teach One initiative, hosting a huge impact day in Nigeria and across all its subsidiaries in Africa. The UBA Community Service presents an opportunity for UBA staff members to give a…
-
Nigeria is strongest, most profitable economy in Africa, Kachikwu tells investors
Dr Emmanuel Kachikwu, Minister of State for Petroleum, has declared that Nigeria has the strongest economy in Africa and the most profitable investment destination in the world. Kachikwu said this in Atlanta at ‘The Nigerian Oil and Gas Core Strategic Investors’ Meeting’, aimed at presenting the investment opportunities in Nigeria’s oil and gas industry…
-
Africa is ‘on the rise’, says UN chief
Africa is “on the move and on the rise” with communities coming together to resolve their problems and offer mutual support, UN Secretary-General António Guterres has said. Guterres, while addressing the inaugural Africa Dialogue Series at the UN Headquarters, in New York, urged collaboration among African countries for better future. The UN chief urged everyone…