The banking group United Bank for Africa (UBA), founded by Nigerian billionaire and philanthropist Tony Onyemaechi Elumelu (pictured), announced it is donating 1.5 billion naira ($4.5 million) to support the 19 African countries in which it has subsidiaries, in the fight against the coronavirus pandemic.
“This is a time when we must all play our part. This global pandemic must bring citizens, governments and business leaders together, and quickly. As we see a rapidly increasing number of cases of the coronavirus in Nigeria and Africa, the private sector has to work hand in hand with various Governments, in stemming the spread of the global pandemic,” Elumelu said.
Nigeria, the headquarters and the group's largest market, is expected to receive $7 million which will be divided between Lagos State ($2.8 million), the federal capital Abuja ($1.6 million) and the other 35 states of the country ($2.8 million).
The latest data show that the pandemic has touched 469,000 people worldwide causing nearly 22,000 deaths.
Idriss Linge
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislation aligns with FATF standards and UEMOA 2023...
Senegal seeks new IMF loan program after 2024 financing freeze Talks focus on debt revisions, fiscal adjustment and data...
Indonesia plans 2026 nickel output cuts to balance supply and demand Nickel prices jump as LME inventories surge and quotas adjusted Jakarta...
Guinea provisional results show Doumbouya wins presidency with 86.72% Opposition boycott clears first-round victory, Supreme Court validation...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...