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Photo Caption: Zhijie, Elumelu and Uzoka at the signing ceremony on February 27, 2018. Pan-African banking group, United Bank for Africa Plc and China Development Bank (CDB), the world’s largest development finance institution, on February 27, 2018 signed a letter of intent for $100m seven-year to finance the development of small and medium enterprises (SMEs) in Africa. The loan will enhance UBA’s capacity to provide access to finance to small and medium enterprises (SMEs) across the 19 African countries where UBA currently operates. Kennedy Uzoka, Group Managing Director and Chief Executive of UBA Plc expressed excitement at the partnership with CDB, “the Development Finance Institution of the Chinese Government, on this historic transaction, as we strongly believe that the facility will serve as a catalyst to the sustainable development of commerce and industry in Africa through provision of critical financial interventions to SMEs across our presence countries.” Uzoka sa...

Photo Caption: UBA’s Executive Director, North, Ibrahim Puri; Vice Chancellor, Usmanu Danfodiyo University, Sokoto (UDUS), Prof Abdullahi Abdu Zuru; the bank’s GMD/CEO, Kennedy Uzoka; Secretary to the State Government, Prof Bashir Garba; and representative of the Sultan of Sokoto, Sarkin Yaki Biaji, Alhaji Kabiru Usman, at the commissioning of the pedestrian bridge built and donated to the university by UBA Foundation, on Monday. The United Bank for Africa Plc on Monday commissioned and handed over a pedestrian bridge constructed by UBA Foundation, its Corporate Social Responsibility Arm for the use of students of the Usman Danfodiyo University, Sokoto State. The N13m bridge was commissioned by Governor Aminu Waziri Tambuwal, is coming over four decades after students of the institution, especially those living off-campus had experienced difficulty connecting the campus as the area was impassable, especially during rainy season. The bridge is in fulfillment of a promise made ...

Pan African Financial Institution, United Bank for Africa Plc, once again at the weekend, in Lagos, showcased its footprint in the world of entertainment when it premiered the most anticipated movie of the year #BlackPanther, A Night in Wakanda hosted by TV personality Ebuka Obi-Uchendu. The premiere at Imax Cinemas in Lekki saw a gathering of top personalities in the world of entertainment and finance led by Tony Elumelu, the Chairman UBA Group, who was accompanied by his wife, Awele, and children; Kennedy Uzoka, the Group Managing Director, and his wife Lotanna; as well as Victor Osadolor, the Deputy Managing Director, among other top executives of the bank. Also at the event were A – list artists and media giants like Mo Abudu, Omoni Oboli, Eyinnaya Osigwe, Lala Akindoju, Noble Igwe; female African footballer of the year Asisat Oshoala and a host of others were also on ground to showcase Africa’s excellence dressed in their African finery as Kings and Queens. Uzoka who ar...

Vice President Yemi Osinbajo, at the weekend in Lagos challenged young entrepreneurs of Africa not to give in to the failures of the past by leaders across the length and breadth of the continent, but seek a future that is not defined by history of everything that is evil and even unpalatable. Addressing the 2017 class of the Tony Elumelu Foundation Entrepreneurship Forum from Africa’s 54 countries as a special guest, he said: “Our political history in Africa would appear dominated by wars, famine, coups d’etat, corrupt governments, dictators and failed or failing states. Our economic history would also largely be of large scale poverty, infant mortality, maternal mortality, mortality in literacy, disease and misery.” Osinbajo who spoke on the Tyranny of history, urged the 1000 beneficiaries of the $10,000 each seed fund annual for a 10-year period, not to allow such history subdue their faith or conscript their vision the society. Such history, he continued is capable of st...