Benin Business News

United Bank for Africa (UBA) Appoints Phillips Oduoza as MD/CEO Designate

Phillips Oduoza, MD/CEO Designate, United Bank for Africa (UBA)

Phillips Oduoza, MD/CEO Designate, United Bank for Africa (UBA)

The Board of United Bank for Africa Plc has announced the appointment of Mr. Phillips Oduoza as Group Chief Executive Designate of UBA.

Phillips Oduoza has over 22 years experience in Banking and Financial Services spanning Banking Operations, Relationship Management, Credit/Marketing, Technology Implementation, Risk Management, Lean Banking Methods, and Brand Management.

Prior to this appointment, Phillips Oduoza was the Bank’s Deputy Managing Director overseeing its operations in the South, which is the UBA Group’s largest strategic business group.

He will commence as the Group Chief Executive of the Bank on August 1, 2010. In the interim, Mr Oduoza will work in tandem with Mr. Tony Elumelu, current Group Chief Executive of UBA to ensure that the transition is seamless. Read the rest of this entry »

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United Bank for Africa (UBA) Opens in Zambia – First Southern African Market Entry

United Bank for AfricaUnited Bank for Africa Plc (UBA), the pan African banking group, has announced the opening of its Zambian operations – the first Southern African business unit for the group. The establishment of a full banking presence in Zambia further emphasizes the group’s vision of bringing world class banking services to all regions of sub-Saharan Africa and follows its successful openings in Kenya, Uganda and Tanzania.

UBA has over the past year rapidly expanded its network, positioning itself as the bank of choice for wholesale and retail clients in Africa and for Africa-related businesses, demonstrating in action its positioning as “Africa’s Global Bank”. This physical expansion has been matched by the launch of a series of products designed specifically to address the key needs of African clients, whether individuals, companies, or governments, in facilitating money transfer and cash management, trade finance, and access to credit. Read the rest of this entry »

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Oando Venture to Develop Gas Facilities in Ghana

OandoOando Plc, Nigeria’s biggest independent energy company, Saipem SpA and Modec-Itochu of Japan will develop gas facilities in Ghana in a project estimated at $1 billion.

Oando is the lead developer in the group of companies, which are in a joint venture with Ghana National Petroleum Corporation (GNPC), the state-owned oil company. Read the rest of this entry »

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