The World Bank’s investment arm will increase lending to sub-Saharan African countries by up to a quarter this year as private sector companies flock to the fast-growing region. The Vice-President, International Finance Corporation, an arm of the World Bank, Mr. Jean-Philippe Prosper, said the IFC would make new investments of […]
Author: InvestAdvocate
S’African firm to acquire 49% stake in MDS
UAC of Nigerian Plc has announced a strategic partnership with Imperial Logistics, an arm of South African-based Imperial Holdings Limited. The agreement, signed by both companies, shows that Imperial Logistics is to acquire 49 per cent equity in MDS Logistics Plc, a wholly-owned subsidiary of UAC. A statement by UAC […]
UBA’s Q1 profit up by 19%
United Bank for Africa Plc has recorded a 19 per cent increase in its profit after tax for the first quarter ended March 31, 2013. Its result released to the Nigerian Stock Exchange on Monday showed that profit after tax, which stood at N13.1bn in the corresponding period of 2012, […]
