Africa Financial Services 

MONEY, PEOPLE & POWER: The 10 bank CEOs who control 80% of Uganda’s banking sector – CEO East Africa

1. Anne Juuko Chief Executive, Stanbic Bank 2019 Asset Value: UGX6.6 trillion Market Share: 20.2 per cent Industry Rank: 1 Stanbic Bank has maintained the top spot in the banking sector ever since the acquisition of a majority stake (80per cent) in Uganda Commercial Bank (UCB) back in 2001. Getting to the top spot was the easy bit – despite the politics around the acquisition. Remaining at the top, ahead of the chasing pack is where all credit is due to the bank shareholders and management that have given the…

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Mining 

Congo suspends board and management of state diamond miner MIBA

The Democratic Republic of Congo has suspended the board of directors and management of state-controlled diamond mining company MIBA, after an audit revealed significant irregularities, the government said in a statement. The audit identified a host of problems including compliance, governance, production and financial management, the statement by Congo president’s office said following a council of ministers meeting on Friday. It added that Congo’s mines ministry will propose measures to revamp the company. Founded in 1961, MIBA was formerly a jewel in minerals-rich Congo’s minerals industry, with gold, nickel and…

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Advertising Africa African Business News Financial Services Technology 

Digital banking startup Sparkle launched in Nigeria

Digital banking startup Sparkle has been launched in Nigeria by former Diamond Bank chief executive officer (CEO) and tech entrepreneur Uzoma Dozie, aimed at providing seamless solutions to Nigerian individuals, SMEs and retailers, which has been granted a banking license from the Central Bank of Nigeria (CBN), offers comprehensive support for individuals, including flexible payments, savings and analytics to provide greater freedom, flexibility and control over finances and lifestyle. Powered by data and technology, Sparkle is launching a mobile app – available for iOS and Android – giving customers full…

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Agriculture Mining 

Illegal Mining Polluting Water in Liberian Grand Cape Mount County

Fula Town in Grand Cape Mount County is famously known for illegal mining activities. The town has a population of more than 500 inhabitants, but that number usually doubles or triples when there is the discovery of a deposit of gold or diamond according to locals. According to them, the area is gradually being depleted of the gold and diamond minerals as a result of the illegal mining activities which are mainly been done by people from neighboring Sierra Leone even though Liberians are involved. This illegal has come with…

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