The United Bank for Africa PLC has announced that it will disburse some 6 billion dollars to support small and medium-sized enterprises (SMEs) across the African continent.

Through a partnership with the African Continental Free Trade Secretariat, entrepreneurs will receive support to shore up businesses. With a target to disburse some 1.66 billion dollars by end of 2024, the UBA group says it will continue to invest more in African Businesses.

Speaking at the Global Press conference in Nigeria to commemorate its 75th anniversary celebration, Managing Director and Chief Executive Officer of the UBA PLC, Oliver Alawuba said “Collaboration and partnerships as exemplified by the $6bn SME funding agreement signed with the African Free Trade Area (AfCFTA) will be instrumental in achieving our strategic objectives. We are dedicated to deepening relationships with customers, employees, regulators, and other stakeholders for mutual benefit and long-term success”.
According to him, amidst economic challenges and market dynamics, UBA has demonstrated remarkable financial strength and resilience.

“Our splendid performance, especially within the last year, is a testament to our robust fundamentals and sound strategic decisions. As we navigate through the ever-changing landscape, we remain committed to creating value for our shareholders and capitalizing on emerging opportunities in the market”, he said.

Mr Oliver Alawuba also added “We will continue to invest in innovative products, services, and digital platforms that enhance customer experience and drive operational efficiency. Our commitment to Corporate Social Responsibility is strong, with initiatives focused on education, healthcare, entrepreneurship, and environmental sustainability; thus, making a concrete impact on communities across Africa”. He said.

He Reiterated UBA’s commitment to Customer First Philosophy, which is their primary business strategy.

“The customer is our employer and the sole reason why we come to work. Our three (3) key pillars of service (People, Process and Technology) are all geared towards the delivery of excellent customer experience, which is our promise. As we embark on the next phase of our journey, I urge all stakeholders to continue their support and collaboration. Together, we will write the next chapter of success for United Bank for Africa PLC”, he said.

Source: Ghana/