The Pan-African financial institution, United Financial institution for Africa (UBA) Plc, has been honored by the Lagos Chamber of Commerce & Business, LCCI, with the award for the expansion of SMEs in Africa, following its current involvements in micro, small and medium enterprises, MSMEs.
The award was introduced to the financial institution on the on-going 2019 Lagos Worldwide Commerce Truthful, LITF.
The financial institution has grown a community of MSME help providers not solely in Nigeria but in addition throughout Africa continent, with advantages together with credit score services, coaching packages and enterprise grants to the MSME operators.
The financial institution has additionally created the UBA Market, which gives market shops for small companies.
UBA was the principal accomplice to the 2019 LITF, and the financial institution used the chance to safe 20% low cost for MSMEs on registration price for exhibition areas on the LITF.
Consequently, this yr’s LITF took a brand new leap with the financial institution bringing a brand new characteristic know because the Africa Day Celebration to advertise Intra-African Commerce. The celebration opens up companies to promote their services and products throughout all African nations.
The day started with a Keynote handle by Chiugo Ndubisi, Group Govt, Transformation and Assets. In his handle, he emphasised the significance of economic inclusion in constructing the brand new Africa.
He acknowledged: “Over time, UBA have ensured that prospects throughout Africa could make cost seamlessly with out boundaries of boarders. He mentioned, UBA is in 20 African nations with setup that helps prospects really feel at house in different African nations and carry on the market companies and banking transactions with ease“.
Head, Retail Banking, Osita Ede, additionally mentioned how UBA is likely one of the Made-In-Africa merchandise and the way the financial institution will proceed to help Africa Commerce. In his phrases; “For Africa Commerce to work, two issues are most necessary – Entry and Cost, two areas the place UBA performs a serious function in Africa”.
The occasion ended with a panel session the place Jude Anele, Group Head, Shopper and Retail Banking joined trade consultants to discus components which promote intra-Africa commerce.