Phillips Oduoza, MD/CEO Designate, United Bank for Africa (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 »
United 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.
Bourse Africa, a unit of Financial Technologies, plans to set up an electronic exchange to trade African commodities futures by the second half of next year, Director of Strategy Adam Gross said. 
Globacom Limited, Nigeria’s second national operator (SNO) has its eyes on Aircom, a GSM licensee in Cote d‘Ivoire in a bid to advance its plan to enter Cote d’Ivoire’s mobile telephony market. According to a report in Nigeria’s Technology Times, Globacom may have opened talks with Aircom in a bid to enter the market anytime soon but details are still very hazy for now.
Widespread and typically exaggerated perceptions of corruption and violence do not deter some Western firms from putting money into African nations – often with impressive results.
The scramble for mobile markets in Africa is well underway, and while early activity was driven by expansionist local operators like MTN, the European giants are now stepping up their game, with French players poised to shake up the picture significantly.
