Tony Elumelu Foundation Disburses First Tranche of $5m Partnership Commitment from AfDB

Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019 TEF Entrepreneurship Programme. $2.5m was released today, with the remainder expected to be disbursed to the entrepreneurs in Q12020.

MTN Pledges $1.6 Billion in Nigeria After Meeting Buhari

MTN Group Ltd. pledged to invest $1.6 billion to expand its operations in Nigeria after settling the latest major dispute with authorities in its most profitable market.
Africa’s largest wireless carrier announced the investment after a meeting between senior executives including Chief Executive Officer Rob Shuter and Nigerian President Muhammadu Buhari on Wednesday.

Africa needs massive investment to drive economic growth – Elumelu

The Chairman, United Bank for Africa(UBA), and Founder, Tony Elumelu Foundation, Tony Elumelu has advocated massive private capital investment as well as increased support to youth development as catalysts for driving the much needed economic growth on the continent.

UBA Connect Set to Deepen Intra-African Trade…Customers … Can Now Make Cash Withdrawals In Local Currencies

Pan African financial institution, United Bank for Africa (UBA) Plc, has announced the official launch of a flagship product UBA Connect, a service that enables the customers of the bank to conduct traditional banking transactions at any UBA branch in the 20 African countries where the bank operates.

NOVA Merchant Bank Appointed by the Nigeria Customs Service as a Duty Collecting Bank

In fulfilment of its commitment to constantly find new ways to serve its customers better, NOVA Merchant Bank has been appointed as a designated collecting bank for Import, Excise and other duties by the Nigeria Customs Service.

Tony Elumelu Donates Technology Centre to AAU

Chairman of UBA Group, Tony O. Elumelu, has made the donation of a multipurpose information technology centre to his alma mater, Ambrose Ali University.

UBA Supports Creative Industry with REDTV’s New Series Assistant Madams

REDTV, the foremost lifestyle platform powered by the United Bank for Africa, has just launched its new and very much anticipated series, Assistant Madams. Creators of the hit series, The Men’s Club, REDTV has been engaging and providing opportunities for talented youths in the creative industry in Africa, since its inception.

UBA recruits 4000 new staff, promotes over 5,000, increases salaries up to 170%

Over 5,000 staff of the United Bank for Africa (UBA) Plc, started the new year with a lot of cheer as the bank yesterday announced its promotion to new grades as well as salary upgrades with immediate effect this January.

Tony Elumelu Foundation Announces Final 2,100 African Entrepreneurs for the Inaugural TEF-UNDP Entrepreneurship Programme

Signing the TEF-UNDP Entrepreneurship Programme in Niger—Tony Elumelu, Founder, Tony Elumelu Foundation and Ahunna Eziakonwa, UNDP Regional Director for Africa

Waltersmith Modular Refinery in Imo State Set to Meet Scheduled Completion

Phase one of the modular refinery and the ground breaking ceremony of the phase two is expected to hold in May 2020; The Waltersmith project has already reached 90 percent completion; The project falls in line with H.E. Chief Timipre Sylva’s objectives to foster private sector participation in increasing domestic refinery capacity.