Browsing: United Bank for Africa

In partnership with the SaveApp Group, through their newly launched product, Octagon Africa is working to improve their services whereby customers will be able to save their spare change at Naivas till payments and channel this towards their savings for retirement under the Octagon Personal Pension Scheme.

“Our drive is to work with strategic partners such as SaveApp in a bid to improve the quality of life for our customers in their sunset years,” Simba said.

Ukonga app is a collaboration between SaveApp Group, a Kenyan technology company that creates solutions to solve real-life problems, UBA Kenya as the banking partner, Octagon Africa as a pension partner and Naivas Supermarket as the retail partner.…

Tony Elumelu, the Founder of the Tony Elumelu Foundation, has urged African, Caribbean and Pacific (ACP) Heads of State to improve the business environment in their countries in order to drive industrialisation and wealth creation.

Elumelu who is also the Chairman of the United Bank for Africa and Heirs Holdings said this whilst presenting the keynote speech on the theme “Industrialisation and Private Sector Engagement for Economic Transformation of ACP States” at the Presidential Dialogue of the 9^th ACP Business Summit in Nairobi, Kenya. 

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Elumelu stated that industrialisation will not be achieved without support for Small and Medium scale Enterprises (SMEs) and improved access to electricity.

“We cannot hope to industrialise if we do not fix the issue of power. If our entrepreneurs are spending so much of their resources to power their businesses, how …

The Tanzanian government on 24^th April, 2019 released Tshs.688.65 billion ($299.4 million) in advance payment to the contractor of the 2,100 MegaWatts (MW)Rufiji Hydroelectric power project ahead of the start of the construction in June.

To be implemented jointly by Arab Contractors and Elsewedy Electric Company the project is now in mobilization stage which includes setting up of enabling infrastructure such as houses, roads and water prior to its official commencement.

Speaking during the handing over event, the Treasury Permanent Secretary Doto James said that payment was part of an estimated Tshs.6.5 trillion ($3 billion) to be wholly funded by the government.

`The issuance of the advance payment marks a crucial milestone towards commencement of the implementation of the project which upon completion will play a pivotal role towards realization of Tanzania`s industrialization strategy and attainment of middle income status by 2025, ` he declared.

The project will …