Nigeria's United Bank for Africa launches operations in Mozambique.

By bne IntelliNews November 24, 2010
Nigeria's United Bank for Africa (UBA) has started operations in Mozambique bringing the number of banks in the country to 16, Mozambique's central bank announced. The Lagos-based bank is present in 19 African countries. UBA offers universal banking services to more than 7.5mn customer accounts from over 750 branches across Africa. In the third quarter of 2010, the bank's African subsidiaries accounted for up to 11.3% of the group deposits and 12.4% of the gross revenues.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss