By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global bank, United Bank for Africa Plc (UBA) has appointed Kennedy Uzoka as new group managing director (GMD) following the announcement of the exit of Phillips Oduoza from the post on Tuesday, according to an issuer’s annoucement with the Nigerian Stock Exchange (NSE). The lender says […]
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Barclays reveals restructuring plan, to exit Africa as profits fall
Tue Mar 1, 2016/Reuters Barclays Plc reported a 2 percent fall in full-year adjusted pre-tax profit on Tuesday and unveiled plans to simplify its UK & international operations to boost returns and cut costs, primarily by exiting its historic African business. The British lender said it would sell down its […]
Growth in South Africa’s economy slows to 0.6 pct q/q in fourth quarter
Tue Mar 1, 2016/Reuters South Africa’s economy grew by 0.6 percent in the fourth quarter of 2015 after rising 0.7 percent in the three months to September, Statistics South Africa said on Tuesday. Gross domestic product also expanded by 0.6 percent on an unadjusted year-on-year basis in the fourth quarter, […]
