UBA appoints first female executive
The United Bank for Africa (UBA) has appointed Mrs Abiola Bawuah, a Ghanaian, as its new Chief Executive Officer.
A statement from the bank said Bawuah would oversee the bank’s operations across Africa, excluding Nigeria.
According the statement, Bawuah is the first female chief executive of UBA Africa and her appointment demonstrates the bank’s commitment to diversity.
There are now eight female directors in UBA Group.
Bawuah was before her appointment, the UBA’s Regional CEO for West Africa, managing the bank’s operations in nine subsidiaries in Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone.
About her appointment, Mr Tony Elumelu, the UBA Group’s Board Chairman, said: “Abiola has contributed significantly to the growth of UBA Africa for close to a decade.
“She brings a wealth of experience in commercial banking, and shareholder engagement.
“It also gives me great pleasure that with her appointment, the UBA group Board has now become a majority female board,” he said. (GBN)
[1/30, 22:12] Tunde Ojudun: 34 countries, 20m farmers to benefit from $1.5b facility for Africa – Adesina
The African Development Bank (AfDB) says it has put in place a $1.5b Emergency Food Production Facility to support food sufficiency in Africa.
The President of the AfDB, Dr. Akinwunmi Adesina, who stated this in an interview at the Governor’s Office, Oke Mosan, Abeokuta, when he paid a visit to the Ogun State governor, Dapo Abiodun, on Monday, noted that the facility became imperative as a result of the ongoing war between Ukraine and Russia which had seen prices of wheat and maize skyrocket.
Adesina added that the emergency food production facility would be supporting 34 countries, with 20 million farmers producing roughly 38 million metric tons of food valued at $12b.
He expressed confidence that Africa would not have a food crisis as a result of the war in Ukraine.
Adesina, while also noting that a Feed Africa Summit in Dakar, Senegal, which had about 34 heads of state in attendance, including President Muhammadu Buhari.of Nigeria, was able to mobilize $30b in support of food and agriculture delivery compact of countries in Africa.
“Because of the war in Ukraine by Russia which actually sent prices of wheat and maize skyrocketing, all over the world, we have global inflation because of that and therefore, the impact of that is going to be quite serious for our houses, particularly, low income households.
“The African Development Bank has put in place immediately a $1.5b Emergency Food Production Facility that is currently now supporting 34 countries, with 20 million farmers to produce roughly 38 million metric tons of food valued at $12b.
“So, I am pretty confident we are not going to have a food crisis as a result of the war in Ukraine, but, we cannot stop there, am just coming here having completed the Feed Africa Summit in Dakar, that I co-organized with His Excellency, President of Senegal.
” It was a hugely successful summit, we were able to mobilize $30b in support of food and agriculture delivery compact of countries that will allow African countries to be totally self sufficient in food. In 3 to 5 years, we should be done with feeding ourselves, we should be actually exporting food and several other things,” he said.
While commending Governor Dapo Abiodun for the Agro Cargo Airport project which is set to be commissioned in the first quarter of 2023, the AFDB President noted that having a cargo airport in the state would facilitate the development of agricultural value chain in Ogun.
“The Cargo Airport is an excellent idea, because when you produce agricultural commodities, you would not only be able to store it, you have to be able to process it and you have to be able to transport it. And I think having a cargo airport would just facilitate the development of agricultural value chain right here in Ogun State, it is a very very excellent idea and I have always supported it from the start,” Adesina submitted