UBA To Leverage Group Capacity, Finance Large Ticket Deals in Kenya- Regional CEO

Photo Caption: Emeke Iweriebor, Isaac Mwige, East and South Africa Region CEO of UBA Plc, MD/CEO, UBA Kenya Ltd at a media parley in Nairobi on Thursday, May 17, 2018.

Pan-African financial giant- United Bank for Africa Plc, on Thursday in Nairobi, Kenya, expressed commitment to finance key projects and business transactions capable of galvanising the economic development of East Africa’s largest economy, thereby upscaling the standard of living of its people.
The Group’s Executive Director and newly appointed CEO for East and Southern Africa, Emeke Iweriebor, who announced this at a media parley, said following the realignment of UBA Plc strategy on the region, it has capacity to support customers and their businesses across the world.
UBA with an asset base of over $12bn and presence in key financial capitals, London, New York and Paris, he noted, “has strong confidence in Kenya and East Africa as their economies have great potential for growth and development.
“Consequently, we in UBA Group are convinced that it’s imperative that we dedicate resources, manpower and time to our operations in Kenya, and East African and Southern Africa. That is why we created the region, with the regional office, in Nairobi,” Iweriebor said.
While outlining areas of possible interventions by the group, the regional CEO said UBA Group and its Kenyan franchise are ready to help the government of Kenya in its “Big Four Agenda,” especially in the areas of infrastructure, health facilities and housing and manufacturing.
He also indicated the group’s readiness to support SMEs, which according to him is the catalyst to a sustainable economic development and eradication of poverty.
“UBA wants to replicate the interventions we have undertaken in some African countries, in provision of financial support to power and energy sectors, road infrastructure, agriculture, small, medium and large enterprises and entrepreneurship,” Iweriebor said.
He added that UBA, leads innovation in banking in Africa and utilizes digital solutions to support financial inclusion and business activities of individual, SMEs and corporates, highlighting that over 80% of the bank’s transactions currently are processed through digital and electronic channels.
Also speaking at the media event, Managing Director/CEO, UBA Kenya, Isaac Mwige corroborated Iweriebor, saying that UBA Kenya, leveraging on the Group’s pre-eminence financial standings has capabilities to finance transactions in Kenya, saying he is encouraged by the recent engagements with both private and public sectors in the country.
“UBA Kenya wants to become more involved in the lives of individuals and businesses of people of Kenya by providing tailor-made products and services that are targeted at all segments of Kenyan economy,” Just recently, UBA Group signed agreements with some international institutions to support Macro and small-scale businesses across Africa, we want to see businesses in Kenya taking advantage of such opportunities,” Mwige said