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UBA Kenya to Leverage on Group’s Capacity to Finance Large Ticket Transactions in Kenya.
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| Emeka Iweriobor, CEO East & Southern Africa and UBA Kenya LTD Isaac Mwige |
United
Bank for Africa, a leading pan-African financial institution with
operations in 20 African countries has assured the players in the
private
and public sectors in East Africa’s largest economy that its Kenyan
franchise is ready and committed to finance key projects and business
transactions capable of galvanising the economic development of the
country and upscale the standard of living of its
people.
Bank for Africa, a leading pan-African financial institution with
operations in 20 African countries has assured the players in the
private
and public sectors in East Africa’s largest economy that its Kenyan
franchise is ready and committed to finance key projects and business
transactions capable of galvanising the economic development of the
country and upscale the standard of living of its
people.
The Group’s Executive Director and newly appointed CEO for East and Southern Africa, Emeke
E. Iweriebor said this while addressing a press conference at the Intercontinental Hotel in Nairobi on Thursday.
E. Iweriebor said this while addressing a press conference at the Intercontinental Hotel in Nairobi on Thursday.
According
to him, with the realignment of the Group’s strategy on the region, UBA
with an
asset base worth over $12 billion and presence in key financial
capitals, London, New York and Paris is capacitated to support its
customers and their businesses across the world, especially those from
Kenya. “UBA Group 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.
to him, with the realignment of the Group’s strategy on the region, UBA
with an
asset base worth over $12 billion and presence in key financial
capitals, London, New York and Paris is capacitated to support its
customers and their businesses across the world, especially those from
Kenya. “UBA Group 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.
Iweriebor
while outlining areas of possible interventions by the Bank said that
UBA Group
and its Kenyan franchise are ready to help the Governments of Kenya in
its Big Four Agenda, especially as it concerns infrastructural
development, health facilities and housing and increasing the
manufacturing base of the country. He also indicated the Bank’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.
while outlining areas of possible interventions by the Bank said that
UBA Group
and its Kenyan franchise are ready to help the Governments of Kenya in
its Big Four Agenda, especially as it concerns infrastructural
development, health facilities and housing and increasing the
manufacturing base of the country. He also indicated the Bank’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 currently more than 80% of the bank’s transactions are
processed through digital and electronic channels.
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 currently more than 80% of the bank’s transactions 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 Kenya.
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 Kenya.
“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,”
Isaac said
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,”
Isaac said