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
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Mobile phones have become essential tools for work, education, payments and staying connected across...
$23.7 million operation runs through May 29 Data aims to improve planning amid weak human capital indicators Cameroon launched its fourth general...
Congo names new cabinet with vice prime minister, 37 ministers Key reshuffle follows April elections and government resignation New team targets...
Fuel imports cost African economies 2-6% of GDP EV adoption could cut fuel use 30-40% by 2030s Infrastructure gaps and high costs slow electric...
ICAO audit cites reforms after 2023 below-standard rating New 20-year aviation master plan targets infrastructure, regulation improvements Nigeria’s...
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...