At its half-year review meeting in Lagos, UBA’s management reaffirmed its pan-African ambitions. With more than half of its revenues generated outside Nigeria, the banking group is stepping up its presence on the continent and preparing to enter new strategic markets.
Pan-African banking group UBA (United Bank for Africa) is taking a major step forward. At the end of its half-yearly strategic review in Lagos, the bank reaffirmed its ambition to extend its operations to new African markets with high potential, while strengthening its presence in the 20 countries where it is already established. ‘We are building a global bank, anchored in Africa’, said Oliver Alawuba, Group Chief Executive Officer.
A winning strategy
UBA is already reaping the rewards of its pan-African vision: 51.7% of its revenues now come from its operations outside Nigeria, proof that its model is in tune with the dynamics of the continent. Launched in Ghana in 2004, the group’s expansion has accelerated in Africa, and today UBA has 24 countries of operation, in addition to offices in Europe, the United States, the United Arab Emirates and soon Saudi Arabia.
Connecting Africa to the world
Present where trade, the diaspora and financial flows are intensifying, UBA aims to play a central role in the development of intra-African trade and cross-border investment. With 45 million customers and 25,000 employees, the group is a major player in financial inclusion and the digital transformation of the African banking sector. « Africa has potential. We’re here to finance it, support it and connect it to the rest of the world », concluded Oliver Alawuba.
With this renewed expansion strategy, UBA is confirming its role as the driving force behind African economic integration. By drawing on its expertise, its capacity for innovation and its local roots, the Group intends not only to support the continent’s growth, but also to position Africa as a key player in the global financial landscape.
