The Cameroon Dispatch

The  Pan African financial institution, United Bank for Africa (UBA) Plc has announced its audited half year financial results ended June 30, 2017 , showing remarkable performance across major metrics. UBA grew its gross earnings for the period by 34.5 percent to USD0.73 billion, as against USD0.54 billion reported in June 2016. This impressive performance, which reflects the strong momentum of UBA’s business and its increasing share of customers’ wallet, was driven by the 44.3 per cent and 16.0 per cent growth in interest income and non-funded income respectively. The Group’s operating income stood at USD0.53 billion, compared to USD0.38 billion recorded in the corresponding period of 2016, representing a 39.2 percent growth.  Notwithstanding the impact of Naira devaluation and double digit inflation in Nigeria and a number of other African countries where UBA operates, the Group managed through its cost lines to deliver a sterling Profit Before tax (PBT) of USD18...

The United Bank for Africa, Wednesday August 2, launched its latest banking innovation service, UBA Connect for its  branches  in the CEMAC region. The service gives UBA customers the ability and convenience to instantly access their accounts in banking halls of branches anywhere within the region. This entails withdrawing cash over the counter with the use of checks and making cash deposits. The bank’s customers in the CEMAC region are the first to experience the innovation. Going by the Managing Director and Chief Executive Officer of  UBA Cameroon,  Isong Udom, it is much easier for the system to work in the region because the countries use the same currency. He also said they chose to launch the product in Cameroon because the country is the economic hub of the sub-region. “Businessmen traveling within the region no longer have to worry about the cost and safety of moving around with large amounts of liquid cash on them” he said. Ikye Idukpaye, who came all ...

Mozilla-backed research reveals main barriers to internet access in African countries Compelling Mozilla-backed research ( www.Mozilla.org ), carried out by Research ICT Africa, finds that significant barriers to internet access remains in four African countries – Rwanda, Kenya, Nigeria and South Africa. The research aims to understand, from a comparative perspective, how the citizens use the internet when data is subsidised and when it is not. Knowing that affordability is one of the primary barriers to Internet access and particular optimal use, the main objective of the focus groups was to obtain qualitative information that reflects the perceptions of female and male Internet users, new users, and non-Internet users from urban and rural locations about how people use the Internet. A 2016 International Telecommunications Union report  ( http://APO.af/KAylqd ) estimates that only about 25 percent of the population of Africa has access to the internet. Results of the resea...