General News
UBA Commits $1m to Ebola Fight, Elumelu Canvasses Corporate Africa Support

Tony O Elumelu, United Bank for Africa (UBA) board chairman, has announced the donation of $1million, to assist the fight against Ebola, currently present in three West African countries, where UBA does business: Sierra Leone, Liberia and Guinea.
The gift will be distributed through the UBA Foundation, UBA’s corporate social responsibility arm and shared equally among the three affected West African countries.
The remaining $100,000 is to be contributed to the African Union Support Mission to the Ebola Outbreak in West Africa (ASEOWA), initiated by Nkosazana Dlamini Zuma, African Union chair.
“Africa is our home and our destiny – and Africans need to place themselves at the forefront of the campaign to overcome this tragedy. This donation is an affirmation of our unshakeable commitment to the continent – and a message that Africa can triumph over this terrible affliction.
I would also take this opportunity to commend our courageous UBA Africa staff, in Guinea, Liberia and Sierra Leone who have kept every branch and ATM open throughout this testing time. They have demonstrated our corporate value of resilience and commitment that the business and progress of Africa must and should go on” said Mr. Elumelu.
“Our money will be directed immediately to strengthening capacity in the fight against the further spread of the disease” he further stated. “Our hope is that this donation will act as a catalyst for other African corporates to play their part.”
In August, The Tony Elumelu Foundation donated $600,000 to the same cause, making unrestricted grants to the Ebola response institutions, designated by the Presidents of Nigeria, Sierra Leone, Guinea, and Liberia.
Acknowledging the donation by the Tony Elumelu Foundation, Liberian President Ellen Johnson-Sirleaf said, “While we have mobilized our national resources as best we can, they are still inadequate to respond to an epidemic of this scale; we appreciate friends of Liberia, like you, who have come to our assistance in our national moment of need.”
This important precedent of African funded support, comes as West African and global development leaders have recently appealed for an increased effort to contain the epidemic.
The United Nations (UN) estimates that at least 5,000 international medical, training and support personnel are needed in the three countries over the coming months.
I want to commend the Chairperson of the African Union, Dr. Dlamini Zuma and Strive Masiyiwa, for presiding over a very successful AU meeting with the private sector to mobilize financial contributions and business solutions, to facilitate a robust African response to Ebola. I am also very proud of my colleagues in the African private sector for demonstrating that we can rise to the occasion and help fund and support the AU deployment of the healthcare workers to care for our fellow Africans, and I urge more African business to step up to the plate with more pledges,” added Tony Elumelu.
With operations in 19 African countries, including the three countries currently battling Ebola, UBA provides financial services to Africans and Africa-related businesses globally and across Africa.
UBA branches have remained open to attend to customers banking needs, with not a single UBA business office or ATM closing in Sierra Leone, Guinea or Liberia.
General News
Enugu Air Commences Operations Today

Enugu State-owned commercial airline, Enugu Air, is set to officially launch its operations today Monday, July 7, 2025. The launch ceremony will take place at the Akanu Ibiam International Airport, with the Minister of Aviation and Aerospace Development, Festus Keyamo, expected to attend alongside other dignitaries, according to a statement from the airline.
Dr Obi Ozor, Commissioner for Transportation, Enugu State, said Enugu Air is a key component of Governor Peter Mbah’s vision for a modern, integrated transportation system, aimed at positioning Enugu as a major aviation hub in Nigeria.
The airline will begin operations with a fleet of three Embraer jets, from the E170 and E190 series, chosen for their performance, passenger comfort, and suitability for regional routes.
The airline’s inaugural routes will form a strategic triangular operation connecting Enugu, Abuja, and Lagos, with plans to expand services to Port Harcourt, Owerri, Benin, Kano, and other key cities across Nigeria and beyond.
Ozor said, “With a strong foundation built on innovation and sustainability, Enugu Air is poised to transform regional air travel, boost state pride, and raise Enugu’s profile nationally and globally.”
The launch of Enugu Air is expected to have a significant impact on the aviation industry in Nigeria, providing more options for air travel and promoting economic development in the region.
With its modern fleet and strategic routes, Enugu Air is set to revolutionize air travel in Nigeria and establish Enugu as a major player in the country’s aviation sector.
General News
Cybervergent Selected as World Economic Forum’s 2025 Technology Pioneer Company

In affirmation of its global standing, Cybervergent, a Pan-African technology company that leverages artificial intelligence to transform how organisations manage risk, governance, privacy, and cybersecurity, has been selected as one of the World Economic Forum’s (WEF) Technology Pioneers for 2025—a global cohort spotlighting companies transforming industries through breakthrough technologies and responsible innovation.
The WEF, an international organisation committed to improving the state of the world through public-private collaboration, brings together global leaders to shape economic, technological, and societal agendas. Cybervergent now joins this global community.
The company is recognized for its innovative approach to building digital trust, reimagining how organisations manage cybersecurity, risk, privacy and governance.
Commenting on the company’s milestone, Adetokunbo Omotosho, CEO of Cybervergent, said, “I am honoured that Cybervergent has been named a Technology Pioneer by the World Economic Forum. This is more than an accolade — it’s a validation of our commitment to redefining cybersecurity, privacy, and risk management to build true digital trust.
“What makes this recognition even more meaningful is the fact that Cybervergent demonstrates innovation in AI and infrastructure can emerge from any region, challenging conventional perceptions.”
Some past recipients of the Technology Pioneer recognition, including Google, Spotify, and Airbnb have gone on to fundamentally reshape global industries.
As a member of the 2025 Technology Pioneers community, Cybervergent will be contributing to discussions shaping cybersecurity, AI, and cyber resilience across industries and the global digital economy.
General News
Moove Plans to Raise $1.2Bn Debt Round for US Autonomous Vehicle Expansion

Moove, an African mobility fintech startup, is on a quest to secure a $1.2 billion debt financing round to support the rollout of a fleet of autonomous vehicles.
This is in partnership with Alphabet Inc.’s Waymo in the United States, according to a Bloomberg report citing sources familiar with the matter.
The startup has since attracted backing, including from Uber Technologies Inc., and entered a strategic partnership with Waymo in December 2024 to provide financing for self-driving cars.
Ladi Delano, co-founder of Moove, noted that the company has a solid financial track record.
“Moove has built strong relationships with some of the world’s leading lenders. We have also fully repaid our first-ever debt facilities, which signals our maturity and marks a key milestone that demonstrates the strength of our platform as we enter the next phase of global autonomous-vehicle infrastructure deployment,” he said.
The round is reportedly oversubscribed, with strong participation from private credit firms and banks.
Waymo has also not made any official statement regarding the funding round. While final details are expected to be concluded in the coming weeks, the deal will mark a significant milestone for the firm as it ramps up its global ambitions.
Founded in 2020 by Nigerian entrepreneurs, Ladi Delano and Jide Odunsi, Moove began by providing vehicle financing for ride-hailing drivers in Africa’s largest cities.
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