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UBA Committed To Investing In African Women & Youths To Foster Economic Growth

UBA Group top leadership in a group photo. This was after the bank gathered dynamic women to discuss the remarkable growth and limitless potential of Africa.

United Bank for Africa (UBA) Group  plans to invest in women and youths initiatives across Africa so as to tap their unexploited potential.

During the virtual celebration of the Africa Day under the theme ‘Innovating the Continent for growth’, UBA Group Managing Director, Oliver Alawuba said the bank is very focused on economic growth and prosperity on the African continent.

“In Africa, we have challenges and opportunities sitting side by side and between them, there is a gap but how big is this gap? We are committed to unblock the opportunities and to unblock them we must empower African women and youths,” Alawuba said.

He explained that the bank will continue to develop products that speak to African problems and by empowering women, who he says have played a tremendous role in transforming the Bank across Africa.

“Over 50% of the Board members are female with 3 Executive Directors, we believe once we change Africa, we’ll change the world,” he added.

He said there is a great deal of potential yet untapped in Africa. “We want to keep contributing to the development of our continent,” he said.

Speaking about the theme at  UBA Uganda Head Office in Kampala on Thursday 25th May, Chioma Mang, the Managing Director said that the bank is on the global outreach to facilitate women and youths in the Oil and Gas, Telecom, Agriculture and other services as part of bridging the challenge gap.

“We are trying to drive inter-connectivity within Africa, UBA is providing financial solutions in  20 countries where we operate,” she said, adding that UBA Group Chairman Tony Elumelu  for example gave out over 4billion shillings in 2022 to 250 Ugandan youths as each got  5,000 USD for  different business innovations.

Africa Day is celebrated every May 25, since 1963, across the African continent and worldwide. The day was inaugurated by the Organisation of African Unity, in celebration of the unity, diversity and beauty of Africa and its people.

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