Africa Matters

African cities key to continent’s growth, report says

African cities could be powerful engines of growth for the continent in the coming decades if policymakers strengthen their economic potential, new research has found. The report, titled Africa’s Urbanization Dynamics 2022: The Economic Power of Africa’s Cities, said urbanization presents immense opportunities to accelerate progress toward the realization of the 2063 development agenda and other major development goals…

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United Bank for Africa posts 18% growth in earnings as profit hits over $106mln

The bank’s total assets also rose by 4.1% United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2022, recording impressive growth across its income lines. The bank’s result which was released to the Nigerian Stock Exchange on Tuesday showed that gross earnings rose by 18.3% from $370mln (N155.4bln) in 2021 to $437mln…

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