Liberia 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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Ladybrille Magazine Gives American and European Women the ‘Africhic’ Global Style and Entertainment They Want

LadybrilleWhen it comes to fashion and lifestyle products, American and European women enjoy taking risks and setting trends with products that seamlessly integrate into their lifestyles. Until now, these women have embraced products from Asia, Europe, and the USA but NOT Africa.

Africa has largely been ignored because mainstream coverage of the continent has failed to show these women products that resonate with them. Read the rest of this entry »

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VIDEO: Liberia Open for Business

“We keep telling people that Liberia is open for business, but not business as usual” – Ellen Johnson Sirleaf, President of Liberia

In three years, Liberia has gone from a country in chaos to a nation rebuilding towards a hopeful future. During the years of war, many of Liberia’s best and brightest joined the Diaspora. They are coming home now to help rebuild their nation.

Read more articles on Liberia | Download the Investor’s Guide to Liberia (PDF) | International Bank Liberia | DHL

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Skye Bank Uses SAS to Address Potential Risk

Skye BankSkye Bank, one of the top 10 banks in Nigeria, has undertaken to implement the SAS Money Laundering Detection solution across its organisation. Skye Bank is one of the industry leaders in Nigeria. It is a publicly quoted company with over 500,000 shareholders, and operates out of over 250 branches and transaction centres across Nigeria, serviced by over 6,000 professional bankers and business experts with a N1 trillion ($7 billion) balance sheet.

The bank operates 600 ATM machines across Nigeria, and with its African expansion strategy, it now has full operations in Sierra Leone and The Gambia, while business operations in Liberia, Sao Tome and Principe, Angola, Congo (DRC), Guinea, and Equatorial Guinea are at concluding stages of regulatory clearance. Read the rest of this entry »

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Doing Business in Africa Getting Easier, says World Bank/International Finance Corporation (IFC)

Doing Business 2009Botswana led a record year for African reformers making it easier to do business, with 28 countries completing 58 improvements

Botswana was one of the world’s top three reformers of business regulations, according to “Doing Business 2009″, an annual report published by the World Bank and the International Finance Corporation (IFC). Ghana was judged the best place to do business in West Africa for the second year in a row. Senegal has made it easier to start a business, register property, and trade across borders.

Burkina Faso introduced a new labor code and reforms for registering property, dealing with construction permits, and paying taxes. Botswana has cut the time to start a business, facilitated trade, and strengthened investor protections. Read the rest of this entry »

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