Titled “Banking on Africa’s Future: Unlocking Capital and Partnerships for Sustainable Growth,” the document aims to place Africa’s economic agenda at the center of global financial discussions. It provides a comprehensive framework for unlocking the continent’s economic potential, analyzing key growth pillars such as trade facilitation, infrastructure development, digital innovation, climate finance, and inclusive growth. The whitepaper also explores strategies to leverage domestic capital and strategic global partnerships to tap into the $3.4 trillion single market potential under the African Continental Free Trade Area (AfCFTA).
UBA’s Group Chairman, Tony Elumelu, described the initiative as a critical step in translating dialogue into tangible results.
“UBA is shifting Africa’s development agenda from talk to action. With this whitepaper, we are championing initiatives that convert strategic dialogue into bankable projects and direct investments. Our commitment to execute these plans for the benefit of the continent and its people cannot be overemphasised,” Elumelu said. “We are committed partners in Africa’s development and sustainability and will continue to provide the capital, the platform, and the network needed to transform Africa’s vast potential into economic growth.”
Group Managing Director and CEO Oliver Alawuba emphasized the whitepaper’s strategic significance, particularly in mobilizing the private sector.
“This whitepaper is a call to action and a statement of our capability,” Alawuba said. “It underlines our unique position in facilitating the partnerships and capital flows required to finance Africa’s future, providing the blueprint for action. The document delivers critical insights at a defining moment for Africa’s financial infrastructure.”
UBA is one of Africa’s largest financial employers, with over 25,000 staff and more than 45 million customers worldwide. The bank operates in 20 African countries, as well as the United Kingdom, United States, France, and the United Arab Emirates, offering retail, commercial, and institutional banking services. Known for promoting financial inclusion and leveraging innovative technology, UBA continues to play a leading role in driving sustainable growth across the continent.