Tag: UBA

  • UBA Foundation Commemorates 2020 International Day of the African Child, Donates Thousands of Books across Africa

    UBA Foundation Commemorates 2020 International Day of the African Child, Donates Thousands of Books across Africa

    UBA Foundation, the corporate social responsibility arm of United Bank for Africa (UBA) Plc, on Wednesday joined the rest of the world to celebrate African children in this year’s edition of the International Day of the African Child.

    June 16 every year, has been set aside by the United Nations as the International Day of the African Child to celebrate children in Africa where it recognizes the courage of students who marched for their right to better education in Soweto South Africa, and as an institution that cares about the education and welfare of the African child, UBA through its Foundation marks this all important event annually.

    Due to the Covid-19 pandemic and the resultant lockdown on educational institutions, UBA Foundation was not able to visit schools and community centres as is its usual practice, however, the Foundation held activities online, where students of secondary schools were afforded the opportunity to watch and listen to virtual mentoring and reading sessions.

    During the virtual session, the Managing Director, UBA Foundation, Bola Atta, spoke to the students on various issues, ranging from financial literacy and the importance of imbibing good reading culture to nation building. She also explained why UBA Foundation centres on three key pillars of Education, Empowerment and Environment, adding that the bank through its foundation, recognises the huge role that education and indeed a good reading culture has to play in the lives of the youth.

    She said, “These days school children barely make out time to read and are easily distracted by the presence of electronic social media such as Facebook, Twitter, Instagram and others; and to curb this declining culture of reading across the continent, UBA Foundation came up with the ‘Read Africa’ project, designed to resuscitate the reading culture amongst our youths across the African continent.

    “As a pan-African institution, we believe that the future of Africa lies in her youth and for this reason, UBA Foundation is actively involved in facilitating educational projects and bridging the literacy-wide gap on a pan-African scale, and is helping to rekindle the dwindling reading and literacy culture amongst African youths as they pursue their education,” Atta said.

    While emphasising the belief that a highly educated and well-informed youth is critical to the future of Africa, Atta seized the opportunity to read a few passages of the recommended novel to students and encouraged them to visit the UBA Foundation website on www.ubagroup.com/uba-foundation, register and gain access to read some more at their leisure.

    UBA through its Foundation believes that quality education is crucial in developing the manpower needed by Africa to exploit emerging opportunities and propel the continent to higher levels of development.

    Last month, the bank also held its UBA Conversations, an annual event commemorating the Africa Day, where world presidents and leaders contributed to discussions aimed at propelling African growth post covid-19.

    As a Pan African Institution, UBA is in the forefront of promoting Africa and African values, especially in the areas of economic development for the continent. Operating in 20 African countries and globally in the United Kingdom, the United States and France, the bank has a strong record of supporting its communities, through challenging times.

  • Africa Beyond Covid-19: President George Weah, US Senator Chris Coons, Tony Elumelu and Other Global Leaders at the 2nd UBA Africa Day Conversations Urge Government and Private Sector Collaboration

    Africa Beyond Covid-19: President George Weah, US Senator Chris Coons, Tony Elumelu and Other Global Leaders at the 2nd UBA Africa Day Conversations Urge Government and Private Sector Collaboration

    *Demand a new deal in and for Africa
    *Advocate speedy implementation of AFCFTA
    *Call for Increased Investment in Digital Connectivity

    United Bank for Africa (UBA) celebrated Africa Day 2020, by bringing together global leaders at the 2nd UBA Africa Day Conversations, screened live across the continent
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    UBA helps set the debate around African economic development through its series of “Africa Conversations”.
    This year, the focus was on the Sustainable Development Goals (SDGs) and the Covid-19 pandemic. Through this virtual panel discussion, leaders emphasised the need for meaningful collaboration between governments and the private sector, as a requirement for the quick recovery of the economy of the African continent post Covid-19.
    The panel included the President of Liberia, H.E George Weah; United States Senator Chris Coons; the President & Chairman of the Board of Directors of the African Export–Import Bank (AFREXIMBANK), Professor Benedict Okey Oramah; President, International Committee of the Red Cross (ICRC), Peter Maurer; and was moderated by the Group Chairman, UBA Plc, Tony O. Elumelu.
    Other leading voices contributing were the Founder, Africa CEO Forum, Amir Ben Yahmed; the Secretary-General of the African Caribbean and Pacific Group of States (ACP), H.E George Chikoti; Administrator, United Nations Development Program (UNDP), Achim Steiner and Donald Kaberuka, the former President of the African Union.
    Elumelu spoke on the need to mobilise quickly and explained the necessity to identify a more fundamental solution to Africa’s challenges.  “This is the time for us to deal with the situation, this is not the time for finger pointing, but for collaborative efforts by governments and organisations, to fight the pandemic globally.  There is need to flatten the curve, we need global co-operation to stem global depression.  Africa requires a large stimulus package, and we need long-term solutions to prevent a cycle of debt.”
    Liberian President, George Weah, demonstrated how collaboration has assisted his country to stem the sufferings brought about by the coronavirus pandemic.  “In Liberia we have taken measures to ease the financial burden on vulnerable business in the informal sector by providing small loan assistance to SMEs and traders.  In addition, we are working with commercial banks to manage the repayment of loans as well as to create stimulus packages for citizens,” President Weah said.
    US, Senator Chris Coons made valuable contributions to the discussions, saying “We must develop a vaccine that is free and affordable and freely distributed so that full economic activities can return.  This is no time to be looking backwards.  We recognise the power of collective collaboration on the continent.”
    Prof. Benedict Okey Oramah called for the swift implementation of the African Continental Free Trade Area (AfCFTA) agreement and disclosed that Afrexim has made available $200million to supply fertilisers and grains amongst across Africa.   The Afrexim boss asserted “If Africa allows hunger takeover the people, it will see an increase in insecurity, which will take a long time to overcome.”
    George Chikoti of ACP, said that the huge task of economic recovery on the continent, rests on both the government and the private sector. “African governments need to accept the support of the Private Sector in alleviating the impact of the COVID-19 pandemic in Africa.  We have so far been able to release $25m to all member states”, Chikoti added.
    Achim Steiner of the UNDP focused on digital connectivity as an enabler of development.  “What we need to look at is to find a way for government as a regulator and also as an investor, to leverage private sector investment into these areas” Steiner said.
    Peter Maurer, President, ICRC, said there is the need to look at pandemics as part of a broader health system which needs stabilisation.  “We must do more than life-saving.  This pandemic has illustrated the weakness of health, water, sanitation and social systems, and we have to heavily invest into the stabilisation of these systems,” he said.
    Amir Ben Yahmed said the crisis is going to be a super accelerator of already existing trends.  “We have to get away from the commodity driven model which has failed in creating prosperity.  “We need to use this crisis to take Africa to the next level.  We also need to attain self-reliance.  Self-reliance is an important goal,” Yamed said.
    The UBA Africa Conversations concluded with the need to act quickly and effectively, highlighting that Africa has lessons to teach the world in containment, but was economically vulnerable.
    As a contribution towards the fight against the COVID 19 global pandemic in Uganda, UBA Uganda made a donation of five hundred and seventy million shillings (UGX 570M) to the Government of Uganda. In addition to the donation, UBA Uganda has executed measures at its 15 branches to protect both its staff and customers from COVID -19, these include use of sanitizers, gloves and temperature thermometers. The Bank also waived charges on selected key services, in addition to encouraging customers to use its alternative channels for transacting.
    UBA group made similar donations to 20 African countries where it has a presence, totaling to fourteen million US dollars (USD 14m).
    The United Bank for Africa is a leading Pan-African financial institution offering banking services to more than twenty million customers globally. With footprint in 20 African countries including Uganda and presence globally in the United Kingdom, the USA and France, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross border payments and remittances, trade finance and ancillary banking services.
    What you need to know about UBA
    United bank for Africa Uganda represents UBA’s pioneer country activities in the East and Southern African sub-region. With 15 branches and 17 ATMs across the country, the bank continues to expand the retail and commercial playing field in Uganda by delivering unique financial products and solutions of UBA as an African brand.
    UBA Uganda has invested heavily in an innovative product offering for Retail, Corporate and Institutional customers including Current and savings accounts, credit solutions, Cards, Mobile Banking, Internet Banking, payments solutions, Remittances, agent banking and the first ever chat banking solution – LEO.
    The bank has formed strategic partnerships with key stakeholders such as Uganda Revenue Authority, Ministry of Finance and educational institutions countrywide to provide digital financial solutions to build a lasting foundation for sustainable growth of the bank.
  • UBA Uganda unveils new Head Office

    UBA Uganda unveils new Head Office

    It was an evening of fun and excitement as United Bank for Africa (UBA) Uganda unveiled their new head office, Jinja road and prestige branches. The head office, relocated from its old premises next to spear house, features larger premises and expanded services to better serve customers

    The new premises were officially opened at a cocktail party that brought together the bank’s key partners, customers board of directors and Management of UBA Uganda. In attendance was the Retired Archbishop of the Church of Uganda – Luke Orombi, UBA Uganda Managing Director Johnson Agoreyo, Board Chairman UBA Uganda Dr. Ben Mbonye, the staff of UBA Uganda and other government officials.

    There was a lot of merry making and networking over cocktails and bites. Jacinta and friends band put up an amazing performance that left the bankers wanting more.

    Speaking during the event, UBA Uganda Managing Director MD Johnson Agoreyo said the bank is constantly creating, constantly evolving and striving to serve the customers better. He noted that the bank, which was one of the first banks to join the interbank ATM system currently known as interswitch intends to expand its activity by opening new branches.

    UBA Uganda is a commercial bank offering a range of banking solutions to retail, corporate and institutional customers. The bank which is a subsidiary of UBA Plc currently has a network of eight branches and serves over 50,000 customers countrywide.