UBA America’s Post

UBA Plc Launches ₦239.4bn Rights Issue To Drive Growth  United Bank for Africa (UBA) Plc has launched a ₦239.4 billion Rights Issue, offering 6,839,884,274 new shares at ₦35.00 each. This marks the first phase of UBA's ₦400 billion equity shelf program approved earlier this year.  The Rights Issue, which started on November 15, 2024, is designed to strengthen UBA's lending capabilities, expand digital infrastructure, and support sustainable business growth across Africa.  Mr. Tony Elumelu, UBA’s Group Chairman, highlighted the bank’s commitment to driving economic development, including its partnership with the AfCFTA Secretariat, pledging $6 billion to support SMEs across Africa.  Shareholders can apply for the Rights Issue via the NGX e-offer portal or UBA's digital channels during the offer period.  Read more: 🔗 Full Article @ https://lnkd.in/gVRTVmuK  #UBA #RightsIssue #Africa #Growth #Innovation #FinancialSector #DigitalBanking  

𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐅𝐮𝐧𝐝 𝐚𝐧𝐝 𝐔𝐁𝐀 𝐉𝐨𝐢𝐧 𝐅𝐨𝐫𝐜𝐞𝐬 𝐭𝐨 𝐄𝐦𝐩𝐨𝐰𝐞𝐫 𝐒𝐌𝐄𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝟐𝟎 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 The African Guarantee Fund has teamed up with the UBA Group (United Bank for Africa) in a partnership set to invigorate Small and Medium Enterprises (SMEs) across 20 African countries. With a $50 million Portfolio Guarantee commitment, this collaboration aims to bolster SMEs, particularly emphasizing support for women-led enterprises and green finance initiatives. Oliver Alawuba, UBA's Group Managing Director, highlighted the partnership's alignment with UBA's commitment to fostering SME growth, innovation, and sustainable development across the continent. The initiative promises extensive capacity development for SMEs and underscores UBA's $6 billion pledge under the AfCFTA initiative to strengthen Africa's economic integration. The collaboration marks a significant step towards bridging the financing gap faced by African SMEs, especially women-led, and propelling economic growth through enhanced access to financing and support services. #SMEEmpowerment #UBA #AfricanGuaranteeFund #WomenInBusiness #GreenFinance #AfCFTA 𝑃ℎ𝑜𝑡𝑜𝑠 | 𝐶𝑜𝑢𝑟𝑡𝑒𝑠𝑦 𝑂𝑓 𝑈𝐵𝐴 𝐺𝑟𝑜𝑢𝑝

What does it take for Africa to deliver growth in a turbulent world?   As we enter the final quarter of 2024, we reflect on the resilience of Africa’s trade, as captured in the 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐓𝐫𝐚𝐝𝐞 & 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟐𝟒: 𝐀 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐭 𝐀𝐟𝐫𝐢𝐜𝐚 – 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐚 𝐓𝐮𝐫𝐛𝐮𝐥𝐞𝐧𝐭 𝐖𝐨𝐫𝐥𝐝 by Afreximbank Research. Despite global trade contracting by 6.3% in 2023, intra-African trade expanded by 3.2%, highlighting the AfCFTA’s potential to drive economic transformation. With projected growth of 3.5% in 2024 and 4% in 2025, Africa is on track for recovery and stability. Explore Africa’s resilience and growth: https://lnkd.in/dK-hA6Tc #AfricanTrade #AfCFTA #EconomicOutlook #GlobalAfrica #Afreximbank

UBA Rights Issue is Now Open! Don't miss this opportunity to invest in Africa's Global Bank. Key Highlights: - Strong financial performance - Impressive growth in net interest income and profit - Record interim dividend For more information and to participate, contact sales@vetiva.com #UBA #RightsIssue #InvestmentOpportunity #Vetiva #FinancialServices #Africa #Banking #explore

United Bank for Africa (UBA) unveils ambitious plans for the future as it celebrates its 75th anniversary. Under the leadership of Tony Elumelu, UBA aims to grow its revenue from $20 billion to an impressive $20 trillion by 2049, positioning itself among the world’s top 10 banks. With a current presence in 24 countries, UBA plans to expand to over 100 countries by 2049, emphasising its commitment to becoming a global financial powerhouse. CEO Oliver Alawuba highlights the bank's strategic focus on Africa's economic potential, stating, “The future of the world is Africa, and the future of Africa is UBA.” Tony Elumelu's leadership has been instrumental in UBA's growth, with a strong emphasis on supporting small and medium-sized enterprises (SMEs) to foster generational wealth across Africa. As part of its 75th-anniversary celebrations, UBA unveiled a time capsule symbolizing its journey and vision for the future, encapsulating its dedication to innovation and Africa's increasing influence in the global economy. #UBA #TonyElumelu #GlobalExpansion #FinancialServices #AfricaEconomy #SMEs #Innovation #FutureVision

The remarks by Dr Monique Nsanzabaganwa, the deputy chair of the AUC were truly incredible. She affirmed that Africa has the potential to realize the exponential growth and to achieve tremendous wealth. To achieve this, she says, we must enhance the role of private sectors and create a conducive environment for youth and women-led enterprises encouraging innovation and growth. She asserted that the private sector is essential in enabling smooth cross-border trade, promoting seamless movement of goods, and fostering opportunities for SMEs. But the question remains, how easy is it for traders to move across borders? #AfCFTAGTI #BiasharaAfrika2024 #AfCFTABA24

On World SME Day, we celebrate the determination, innovation, and resilience of small and medium-sized enterprises (SMEs) across Africa. At UBA Group, we recognise the pivotal role SMEs play in driving economic growth, job creation, and sustainable development. It is for this reason the bank is committed to supporting SMEs, contributing to a prosperous and sustainable future for Africa. A recent partnership with the African Guarantee Fund (AGF) aims to provide $100 million in new loans to SMEs and business owners across the 20 African countries where the bank has presence, as well as facilitate extensive capacity development for customers, paying special attention to women-led businesses and green finance projects. Additionally, the bank’s strategic partnership with the African Continental Free Trade Area (AfCFTA) aims to facilitate up to $6 billion in financing over the next three years, targeting key sectors such as agro-processing, pharmaceuticals, automotive, and transport logistics. In Nigeria, UBA has made business registration easier for its SME clients, helping them navigate the complexities of formalizing their businesses. Furthermore, the UBA Business Series offers regular workshops and seminars, equipping SMEs with essential tools and insights to overcome business challenges. Looking ahead, the bank’s focus remains on driving SME growth through innovative solutions, digital banking services, and continuous capacity building. Learn more about UBA Group's solutions for SMEs across Africa at https://lnkd.in/emb9Vut #WorldSMEDay #AfricasGlobalBank

"We have got to really send out a positive story about Africa" - Jeremy Awori, CEO of Ecobank Group, speaks about Africa 24’s role in promoting the continent's economic growth, innovation, and diverse opportunities to the global stage, helping to reshape perceptions and attract investment to the region. #Africa24 #Ecobank #JeremyAwori

"We have got to really send out a positive story about Africa" - Jeremy Awori, CEO of Ecobank Group, speaks about Africa 24’s role in promoting the continent's economic growth, innovation, and diverse opportunities to the global stage, helping to reshape perceptions and attract investment to the region. #Africa24 #Ecobank #JeremyAwori

On World SME Day, we celebrate the determination, innovation, and resilience of small and medium-sized enterprises (SMEs) across Africa. At UBA Group, we recognise the pivotal role SMEs play in driving economic growth, job creation, and sustainable development. It is for this reason the bank is committed to supporting SMEs, contributing to a prosperous and sustainable future for Africa. A recent partnership with the African Guarantee Fund (AGF) aims to provide $100 million in new loans to SMEs and business owners across the 20 African countries where the bank has presence, as well as facilitate extensive capacity development for customers, paying special attention to women-led businesses and green finance projects. Additionally, the bank’s strategic partnership with the African Continental Free Trade Area (AfCFTA) aims to facilitate up to $6 billion in financing over the next three years, targeting key sectors such as agro-processing, pharmaceuticals, automotive, and transport logistics. In Nigeria, UBA has made business registration easier for its SME clients, helping them navigate the complexities of formalizing their businesses. Furthermore, the UBA Business Series offers regular workshops and seminars, equipping SMEs with essential tools and insights to overcome business challenges. Looking ahead, the bank’s focus remains on driving SME growth through innovative solutions, digital banking services, and continuous capacity building. Learn more about UBA Group's solutions for SMEs across Africa at https://lnkd.in/emb9Vut #WorldSMEDay #AfricasGlobalBank #UBAAat40