The pan-African financial services Group, United Bank for Africa (UBA) Plc has continued to grow and expand in the continent with the opening of its Gabon affiliate; UBA Gabon, on Monday, November 16, 2009.
When bankers steal it is sad. When bankers steal, the whole concept of banking becomes meaningless. The 2008 Annual Report of the Nigeria Deposit Insurance Corporation (NDIC) has revealed that 313 bank staff of various categories stole a staggering N53 billion in the year 2008.
United Bank for Africa (UBA) Liberia Limited has signed a $10 million financing deal with Liberia's leading telecom company, Lonestar Limited; a company owned 51% by MTN Communications Limited for a network expansion programme. The deal is one of the biggest single projects financing by a commercial bank in the country and underscores UBA Group's role in project financing across Africa.
"If agriculture is so important in Africa, why is so little being done about it?" This brainteaser from the African Development Bank Group President, Donald Kaberuka, set the tone for an AfDB-IFAD High Level Partnership Meeting which is reviewing a Joint Evaluation of Agricultural and Rural Development in Africa, held on Friday 20 November 2009 in Tunis.
The Central Bank of Kenya is breathing a sigh of relief as the integration of mobile money services with banking systems takes shape.
After decades of interruption, Somalia re-established its relationship with the African Development Bank (AfDB) on Monday, 23 November 2009 with the signing of a USD 2 million grant to provide financial and technical assistance to Public Financial Management. The support to the Transitional Federal Government of Somalia comes from the Fragile States Facility (FSF) administrated by the ...
Fitch has downgraded First Bank of Nigeria Plc's Individual Rating to 'D/E' from 'D'. The agency has simultaneously affirmed the bank's Long-term Issuer Default Rating (IDR) of 'B+', Short-term IDR of 'B', Support Rating of '4' and Support Rating Floor of 'B+'. The outlook on the long-term IDR remains stable. Fitch has also affirmed FBN's national long and short-term ratings of 'A+(nga)' and ...
Public Private Partnership Africa Conference provides a platform for all stake holders to promote infrastructure development, examine challenges and opportunities in the infrastructure: energy, transport and water sectors in Africa.
Trial of the sacked managing director of Union Bank Plc, Mr. Bartholomew Ebong slated to begin yesterday was stalled by the absence of the presiding judge, Justice Dan Abutu who was away at Ilorin in Kwara State for the observance of the 2009/2010 legal year celebration.
Indications emerged at the weekend that the 10 troubled banks will cut staff salaries across the board as a cost-saving measure to strengthen the survival path charted for them by the Central Bank, CBN.
Debtors owing recently bailed out banks have fourteen days to pay up or risk arrest.
The governor of the Central Bank of Nigeria (CBN), Sanusi Lamido, has totally disowned all the Nigerian owned banks operating in Sierra Leone.The governor who was on a visit to Sierra Leone this week,informed a cross section of newsmen in the Bank of Sierra Leone Auditorium, Sam Bangura Building in Freetown, that all the said Nigerian banks operating in Sierra Leone were regulated and monitored by ...
François Kanimba, the Governor of the Central Bank has said that customer care in financial institutions is still lacking and requires more improvement.
Faulu Advisory Services, a fully owned subsidiary of micro-finance group Faulu Kenya, has acquired an insurance brokerage company as it seeks to diversify its offerings by getting a piece of the untapped business.
The African Tax Administrators Forum (ATAF), an African network of tax commissioners, was officially launched at a ceremony in Kampala, Uganda, opened by the President of Uganda, Mr. Yoweri Museveni on 19-20 November 2009. The inaugural conference was attended by 29 African tax commissioners, as well as policy-makers and development partners.
