The chief executive officer (CEO) of UBA Africa, Mrs. Abiola Bawuah, has said that anywhere the bank operates on the African continent, it collaborates with the government in key infrastructure projects, trade and jobs creation.
Bawuah disclosed this in a panel discussion in Lagos during the recent UBA Conversations 2023 held under the theme ‘Innovating the continent for growth.
The all-female panel of discussants also featured the Guinness World Record holder for the longest cooking hours, Ms Hilda Bassey, popularly called Baci,
“We’ve supported governments all over Africa in serious infrastructure. I make sure anywhere UBA is operating, we collaborate with the government to ensure the country is developed. Without the infrastructure in Africa, we go no way.
“Also, across Africa, everybody is talking about manufacturing and adding value to the agriculture sector. Almost all of Africa’s economy is dominated by agriculture which is 60 per cent and we have come to a realization of adding value,” she said.
Bawuah also said all the governments are conscious of the role of infrastructure in economic development because “you cannot have manufacturing without infrastructure in place and infrastructure without power.
“UBA is repacking them. We have also come to the realisation that the government is not set up to create jobs and it is the private sector. We have collaborated with the government and created millions of jobs across Africa.
“There are numerous product facilities programmes we have introduced for consumers, the corporate world, and SMEs and we are supporting them across the continent. It is only in UBA that I know of that supports MSMEs without collateral once you are faithful and running your company very well. It is indeed a great vision for Africa,” she added.
She expressed dissatisfaction over the low trade proportion on the continent, stressing that the financial institution is working on promoting trade across countries where it has branches.
“We have created so many platforms and we have means of payment that we called Africash and partnering with other organizations to enhance trade. With this, we believe that Africans should trade with each other.
“I do not think there is a country in Africa that has a dollar surplus. It is for us to promote trade across Africa and that is where UBA is coming in. We have put in so much for us to achieve it by ourselves. We are not going to be trading within ourselves by carrying cash. We are promoting technology, a means of payment to drive ease means of transactions.
“There are a number of products that we have at UBA to facilities these trades I am talking about.”