United Bank for Africa (UBA) Plc Chairman, Tony Elumelu, has embarked on a multi-country African tour to deepen strategic partnerships with governments and private-sector leaders. The move underscores UBA’s vision to serve as a catalyst for Africa’s economic transformation.
Elumelu, who also chairs Heirs Holdings, visited leaders across East, Central, and Southern Africa. His stops included Kenya, Zambia, Mozambique, Congo Brazzaville, Rwanda, and the Democratic Republic of Congo.
The move underscores UBA’s vision to serve as a catalyst for Africa’s economic transformation.
Kenya: Infrastructure and Innovation
At State House in Nairobi, Elumelu led UBA’s delegation to President William Ruto. Talks centred on infrastructure, energy, innovation, and economic empowerment.
President Ruto praised UBA’s role in the $1 billion Road Infrastructure Securitisation Programme, where the bank committed $150 million.
“Such support is vital for regional trade and development,” Ruto said. He expressed readiness to deepen cooperation in transport, water, food security, and energy.
Elumelu reaffirmed UBA’s long-term commitment to Kenya across hospitality, real estate, renewable energy, and financial services. “UBA is not just a bank; we are a development partner. Kenya’s innovation and youthful energy make it one of Africa’s most exciting markets,” he said.
Zambia: Energy and Entrepreneurship
In Lusaka, Elumelu met President Hakainde Hichilema. Discussions focused on energy expansion, agriculture, and entrepreneurship.
He highlighted the impact of the Tony Elumelu Foundation (TEF), noting that over 350 Zambian entrepreneurs have benefitted from $5,000 seed capital each, collectively creating more than 16,000 jobs.
“The growth of Zambia and Africa must be driven by African institutions and African leadership. No one but us will develop Africa,” Elumelu stated.
President Hichilema welcomed the commitment, saying, “The success of UBA is our success.”
Mozambique and Congo Brazzaville
In Maputo, Elumelu met President Daniel Chapo. Talks centred on expanding UBA’s presence and supporting national priorities in energy, agriculture, tourism, and infrastructure.
Chapo commended UBA’s growing role in financial inclusion.
In Congo Brazzaville, Elumelu met President Denis Sassou-Nguesso. He announced plans to construct a new head office in Brazzaville as UBA’s regional hub.
The bank promised enhanced digital platforms and partnerships to support financial inclusion, revenue mobilisation, and infrastructure growth.
Rwanda and DRC: Pan-African Commitment
Across Rwanda and the Democratic Republic of Congo, Elumelu held closed-door engagements with their Presidents.
He reinforced UBA’s position as a pan-African financial institution dedicated to driving investment, integration, and shared prosperity.
Elumelu’s tour reflects UBA’s expanding role as “Africa’s Global Bank,” advancing the continent’s development agenda through strategic investments, innovative financial solutions, and the entrepreneurship legacy of the Tony Elumelu Foundation.
Do you share the hope that Elumelu’s vision and boldness can inspire more Nigerian institutions and brands to seek continental and global expansion and growth opportunities?
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