The Lion King | 33
UBA, Three Other Banks Raise $25 Million Medium
Term Loan for Lone Star Communications Corporation
U
BA Liberia on Friday, June 14, 2013 led 3 other banks to
syndicate a Medium Term Loan Deal of USD$25 Million for
Lone Star Communications Corporation, popularly known as
Lonestar cell MTN.
The Managing Director/CEO of UBA Liberia, Chioma Mang, in her
opening address noted that the transaction is structured to provide
L-R: Divisional Head, Marketing and Corporate Relations, UBA Plc, Mr. Charles
Aigbe receiving the Award from the Publisher and Editor-in-Chief of Nigeria
CommunicationsWeek, Mr. Ken Nwogbo
L-R: Governor, Central Bank of Liberia, Dr. J. Mills Jones; MD/CEO, UBA Liberia, Chioma Mang; Non-
Executive Director, UBA Liberia, Dr. Eugene Shannon and Divisional Head, Corporate Banking, UBA
Africa, Muyiwa Akinyemi
U
-Mobile, UBA’s flagship e-banking product,
has been voted as the e-Product of
the Year by readers of both online and
hardcopy of Nigeria CommunicationsWeek
newspaper during the 2013 edition of Beacon of
ICT Awards.
Beacon of ICT Awards, the annual industry-wide
celebration of deserving talents, innovations,
contributions and commitments to the growth
of the ICT industry in Nigeria, is organised by the
Nigeria CommunicationsWeek.
Presenting the award to the Divisional Head,
Marketing and Corporate Relations, Mr.
Charles Aigbe, the Publisher and Editor-in-
Chief of Nigeria CommunicationsWeek, Mr.
Ken Nwogbo, said, “Over 55,000 readers chose
U-Mobile as tailor-made for their financial
needs. The product was chosen by Nigerians
who recognize and appreciate UBA’s guiding
light as well as the symbols of hope you raise.
They have voted U- Mobile as their banking
product of the year and we are happy that your
U-Mobile is e-Product of the Year in Nigeria –
CommunicationsWeek
contributions and commitments have paid off. Please
accept our congratulations”. He added that U-Mobile
has provided customers with the opportunity to carry
out various banking transactions with ease from their
mobile phones.
capital to support the continuous
network rollout and upgrading of
Lonestar cell MTN infrastructure
across Liberia, thus driving the de-
sired service quality to its numerous
customers, and creating future job
opportunities in Liberia.
In his remarks, the Central Bank
Executive Governor, Dr. Mills Jones,
expressed great enthusiasm at the
loan syndication stating that this
was a major step for the banking
sector in Liberia. Dr. Jones thanked
UBA Liberia and the other banks
for this historic effort and urged the
banking system to continue with
such collaborations.
Also speaking at the program, CEO
Lonestarcell MTN, Tebogo Mogapi
asserted that Liberia’s invest-
ment climate was improving with
the banks playing a major role.
Mogapi stressed that the syndi-
cated loan is a huge commitment
and congratulated the parties’
involved in the process.
News Round Up
