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UBA appoints Mary Mulili, Mohamed Alhajie Samoura as MD/CEO in Kenya, Sierra Leone

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointments of Ms. Mary Mulili and Mr Mohamed Alhajie Samoura, as the new Managing Directors/Chief Executive Officers of its subsidiaries in Kenya and Sierra Leone respectively.

Ms. Mulili’s appointment marks a significant milestone for UBA Kenya, as it coincides with the subsidiary’s 15th anniversary of operation and being the first female MD/CEO of UBA Kenya, her selection exemplifies the bank’s commitment to gender diversity and inclusivity in leadership roles.

Mulili, a Kenyan, boasts of experience in the corporate, commercial, public, institutional banking, SME, retail, and digital banking sectors with an extensive career spanning over two decades in the banking sector. She served as Executive Director for UBA Kenya and pivotal executive and senior roles in other commercial banks with her expertise, and leadership, delivering comprehensive business advisory services and innovative solutions.

Speaking on her selection, the Board Chairman, UBA Kenya, Mr. Alphan Njeru, disclosed that the Mulili’s appointment – which took effect last month subject to regulatory approval – comes at a crucial juncture for the subsidiary, as it is focused on accelerating growth through regional trade opportunities, digital innovation, and SME financing, aligning with the broader vision of sustainable banking.

Responding, Mulili expressed her gratitude for the opportunity towards steering UBA Kenya’s strategic vision, leveraging the UBA Group’s extensive network across 20 African countries and globally. She expressed her commitment to provide tailored financial solutions, emphasizing UBA’s dedication as a financial partner of growth for all stakeholders.

On his part, Mr. Mohamed Alhajie Samoura whose appointment as MD/CEO took effect last month, has received relevant approval from the Central Bank of Sierra Leone.

Thus, he becomes the first Sierra Leonean to hold this position since the bank’s inception in 2008, emphasising UBA’s commitment to empowering local talent and promoting human capital development.

Over the years, Samoura has garnered accolades, as he is frequently named among the 100 Most Outstanding Executives in Sierra Leone. His wealth of experience and understanding of the country’s corporate and institutional banking landscape positions him well for his role.

His appointment aligns with UBA Group’s strategic focus on localizing governance, products, and services to meet host economy requirements. UBA Sierra Leone, under his leadership, aims to be the leading financial institution in the country, with a current customer base exceeding 400,000.

Commenting on both appointments, UBA’s Group Managing Director/CEO, Oliver Alawuba, said the strategic appointments underscore the bank’s commitment towards fostering diversity, empowering local talent, and driving growth across its African operations.

He took time to appreciate the outgoing MD/CEOs of Kenya and Sierra Leone, for their immense contribution to the UBA Group over the past few years.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally. Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

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FRSC boss, tasks African tax administrators on local solutions

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Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji, has challenged tax administrators in Africa to look inwards for local solutions to challenges rather than turning to the Western world for salvation.

Adedeji, according to a statement by his Special Adviser on Media, Dare Adekanmbi, spoke at a three-day council meeting of African Tax Administration Forum, ATAF, hosted by FIRS and held in Lagos.

Headquartered in Pretoria, South Africa, ATAF is an international organisation established in 2009 to provide a common platform for African tax administrators to build capacity, achieve revenue objectives and advance the role of taxation in African governance and state building.

The FIRS chairman, who is the President of the Commonwealth Association of Tax Administrators, CATA, said practicable solutions to address the challenges confronting the continent, particularly in the area of local resource mobilisation, could “only come from wearers who know where the shoe pinches”.

Adedeji urged member countries to take ATAF matters seriously and abide by the rules set.

He stressed that the success of continental body depends on collective efforts to showcase the best Africa has to offer.

“The problem of Africa can only be sincerely solved by Africans. I charge you all to redouble efforts to make sure we prioritise the activities of ATAF.

“In Nigeria, we are giving you our commitment that we will prioritise anything that has to do with ATAF, recognising that solutions to our challenges reside with us in Africa. Nobody can tell our stories better than ourselves. We cannot continue to rely on solutions from platforms that are not indigenous to us.

“We must ensure the sustainability of the organisation and uphold the tenets of ATAF founding agreement and rules and be committed to abiding by them in our decision-making processes.

“The management of the secretariat is also vital to the success of the organisation, and we must prioritise the process of a smooth transition in this meeting, as the term of the current Executive Secretary comes to an end in March 2025 when Mr Logan Wort will have served for 16 years of meritorious efforts. Nigeria joins the rest of ATAF members to applaud and honour Mr Wort,” the FIRS chairman said.

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FX crisis: Nigerian Govt to delist Naira from peer-to-peer platforms

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The Federal Government has disclosed plans to delist the Naira from all peer-to-peer, P2P, platforms.

The Director General of the Securities and Exchange Commission, Emomotimi Agama, disclosed this during a virtual meeting with blockchain stakeholders on Monday.

This decision aims to tackle the manipulation of the local currency’s value in the foreign exchange market.

The country’s regulatory authorities have been investigating and scrutinising cryptocurrency exchanges in recent months.

On March 8, the biggest cryptocurrency exchange, Binance, stopped its Naira services.

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No plan for foreign military base establishment – FG

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The Federal Government says it has not received any proposal for the establishment of a foreign military base in the country.
Alhaji Mohammed Idris, the Minister of Information and National Orientation made this known in a statement in Abuja.
He said an alarm raised in some quarters on the purported plan was “baseless and unfounded”.
“The Federal Government is aware of false alarms being raised in some quarters alleging discussions between the Federal Government of Nigeria, and some foreign countries on the siting of foreign military bases in the country.
“We urge the general public to totally disregard this falsehood.
“The Federal Government is not in any such discussion with any foreign country.
“We have neither received nor are we considering any proposals from any country on the establishment of any foreign military bases in Nigeria,” Idris said.
According to the  Minister, the Federal Government already enjoys foreign cooperation in tackling ongoing security challenges in the country.
“President Bola Tinubu remains committed to deepening these partnerships, with the goal of achieving the national security objectives of the Renewed Hope Agenda,” he said.
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