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
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Mobile phones have become essential tools for work, education, payments and staying connected across...
BOAD exits BOA Bénin and Niger, sells stakes to Sonimex BOA Bénin posts growth; BOA Niger see...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Etihad to launch flights to six African cities by 2027 Routes include Lagos, Accra, Kinshasa with up to seven weekly flights Expansion targets...
Senegal moves to regulate ride-hailing platforms with new decree Reform defines VTCs as intermediaries, taxis as service providers Framework aims to...
Growth driven by high prices and strong global demand Policy push to boost local processing expected to sustain gains Ghana's export revenues from...
US considers raising refugee cap to admit more white South Africans Policy prioritizes Afrikaners, amid disputed persecution claims Move marks shift...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...