By Francis Ajuonuma
The United Bank for Africa (UBA) says its target is to occupy the top post in finance leadership globally.
UBA’s Group Managing Director, Oliver Alawuba, who recently made this known, said the bank is now focused on driving inter-African trade by supporting micro, small, and medium-scale enterprises (MSMEs) and women empowerment initiatives, which are significant for economic growth in Africa.
“We believe that African women can be more empowered to do more for African development, and UBA is at the forefront of these initiatives. African trade is our key area of strength. Our presence in 20 African countries is mainly to drive inter-African trade.
“Our partnership with AfCFTA is also to drive inter-African trade. Inter-African trade is important. Africa needs to trade more with each other, which will further improve economic development across the continent,” he said.
“I believe that this is the time for UBA to work with other corporate organizations and partners to develop the available resources and opportunities in the continent. Today, we are present in 20 African countries and four countries outside Africa. Yes, Africa has tremendous opportunities.
“What we are saying is that we need to have partners and institutions that will be able to harness these opportunities for the people. UBA is well-positioned to facilitate business within Africa and the rest of the world. That is why we are here in this conference,” Alawuba added.
As one of the largest employers in the financial sector on the African continent, with more than 25,000 employees worldwide and serving over 45 million customers globally, UBA provides retail, commercial, and institutional banking services, leads financial inclusion, and implements cutting-edge technology.
Operating in 20 African countries, the United Kingdom, the United States of America, France, and the United Arab Emirates, UBA connects people and businesses across Africa through retail, commercial, and corporate banking, innovative cross-border payments and remittances, trade finance, and ancillary banking services.
With its tagline “One Brand, Global Influence,” the financial institution has continued to demonstrate a commitment to providing innovative financial solutions to individuals and businesses alike.
For 75 years, it has transformed from a mustard seed to a thriving global powerhouse.
