United Bank for Africa, Nigeria's fourth-biggest lender by market value, plans to start operations in Democratic Republic of Congo, Republic of Congo and Mozambique before the end of this year, its CEO Phillips Oduoza told Bloomberg. The bank has already secured the licenses and is just in the process of going live in these countries, he said. UBA's branches outside Nigeria will be a part of a holding company it plans to form to comply with the central bank's request that lenders separate their banking and non-banking businesses to allow for better supervision, Oduoza said. |
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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 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
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