Rédaction Africa Links 24 with Tribune Online
Published on 2024-02-25 12:22:01
The United Bank for Africa (UBA) Plc has reiterated its commitment to driving economic growth across the continent by implementing targeted policies to maximize the benefits from the mining and oil sectors. In collaboration with the Economic Community of West Africa States (ECOWAS), UBA aims to attract investments and promote sustainable development in these key sectors.
Abiola Bawuah, the Chief Executive Officer of UBA Africa, emphasized the crucial role of the mining and oil sectors in shaping the economic landscape of African nations at the 4th ECOWAS Mining and Petroleum Forum (ECOMOF 2024) in Cotonou, Benin Republic. She highlighted UBA’s strategic positioning to lead the transformation in these sectors and foster economic growth in the region.
With a focus on formulating investor-friendly policies and providing financial support, UBA aims to catalyze the mining sector’s growth and turn it into a significant contributor to the countries’ Gross Domestic Products. By collaborating with stakeholders and implementing sound financial strategies, UBA seeks to unlock the full potential of the mining and oil industries for the benefit of the entire region.
The ECOMOF 2024 conference, themed “Geoextractive Resources and Technologies: Pooling Strategies to Create Added Value in West Africa,” brought together key players and stakeholders in the mining and petroleum sectors to discuss the need for attractive policies to attract investors and transform these sectors into economic pillars. As a leading African financial institution with a presence in 20 African countries, UBA has been actively engaged in driving discussions around economic growth and supporting major continental development projects.
Ebele Ogbue, the Head of Corporate and Energy Bank at UBA, emphasized the role of national oil and gas companies in advancing the industry’s value chain. He stressed the importance of good corporate governance in ensuring sustainable growth and highlighted the need for strong collaborations among ECOWAS countries to drive collective prosperity in the oil and gas sector. UBA remains committed to providing financial solutions to empower national oil and gas companies and drive sustainable development.
As a key participant in major continental development projects, UBA is positioned as the financial institution of choice for the event, reflecting its dedication to the growth of the mining and petroleum industry in the sub-region. With a workforce of 25,000 employees and serving over 35 million customers globally, UBA operates in 20 African countries as well as in the United Kingdom, the United States, France, and the United Arab Emirates. The bank provides retail, commercial, and institutional banking services, leading financial inclusion and implementing cutting-edge technology to drive economic development across Africa.
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