Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Africa Finance Corp. Names Emeka Emuwa Board Chairman Africa Finance Corporation (AFC) the continent’s leading instrumental infrastructure solutions provider, today announced the appointment of Mr. Emeka Emuwa as Chairman of its Board of Directors. Mr. Emuwa brings a wealth of experience spread over three decades leading and transforming banking institutions across Africa. After completing a sterling 25-year career with Citibank where he left as the Country Officer and Managing Director of Citibank in Nigeria, he went on to serve as the Group Managing Director and Chief Executive Officer of Union Bank of Nigeria. In this role, he led the bank’s…

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Uber Announces $7bn Shares Buyback after First Profit Uber Technologies said on Wednesday it will buy back up to $7 billion worth of company shares after a strong recovery in ride-share and healthy demand at its food delivery business. This is coming after the company returned to profitability. Uber’s fourth quarter revenue grew 15 per cent year-on-year to $9.9 billion. For the full year, revenue was up 17 per cent at $37.3 billion. Reacting to the development, the company’s share price rose more than 5% to $72.50 in trading before the bell. “Today’s authorization of our first-ever share repurchase program…

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