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.
A commodities and currency exchange expected to go live in Mauritius in late March plans to offer Africa’s first currency futures and derivatives market for the Kenyan shilling and Ugandan shilling. This news comes after reports in this past November that 
Kenya’s rising profile as a software developing nation is set to place the commodity on the country’s list of exports this year as companies and governments continue the search for effective cost-cutting tools.
Property prices in Nairobi are soaring, and Somali pirates are getting the blame.
The most reliable route to riches in Africa once lay via politics and “public” service. No surprise, since the state in many of sub-Saharan Africa’s 48 countries controlled the principal levers of the economy in the decades following independence.
Sub-Saharan African markets are attracting interest from foreign fund managers seeking to diversify risks in their global portfolio. Andre DeSimone, Executive Director at Kestrel Capital tells us why Africa’s stock markets continue to perform remarkably well despite their small size and low liquidity.
Kenyan banks have posted their results for the third quarter and, apart from a few exceptions, are expected to post modest profit growth for 2009 as a whole. Following are key facts about Kenyan banks:
* The latest foreign bank to pitch its tent in Kenya is Nigeria’s United Bank for Africa (UBA).
