

(lavoixdesentreprises.info) – During the official visit of Nigerian President Bola Ahmed Tinubu to France, the United Bank for Africa (UBA) announced the commencement of its banking operations in France, thereby consolidating its international network and commitment to African and European clients.
On the sidelines of President Bola Ahmed Tinubu’s recent state visit to France, a significant moment occurred with the signing of a commercial cooperation agreement between the United Bank for Africa (UBA) and the French Ministry of Finance. This event, attended by Presidents Tinubu and Macron, marks a significant milestone in UBA’s banking activities in Europe. This initiative reflects not only the growing international interest in Africa but also the French government’s willingness to support the expansion of African financial institutions.
Tony Elumelu, chairman of UBA, emphasized the importance of this partnership during the ceremony. He stated that this new agreement demonstrates UBA’s commitment to providing seamless international banking services. « We are not only targeting our clients in the eleven French-speaking African countries we serve but also the entire African continent, as well as clients in France and Europe wishing to conduct transactions with Africa, » he declared. According to Elumelu, establishing a presence in France is a logical step, as Paris is a key hub for the European Union.
This expansion in France is part of a broader strategy by UBA to connect Africa to the rest of the world through innovative financial solutions. Paris will join cities like London, New York, and Dubai, which are already essential parts of the bank’s global network. UBA aspires to become a bridge between Africa and European markets, facilitating economic exchanges and cross-border investments.
UBA is one of the leading players in the banking sector in Africa, with a workforce of 25,000 employees across the group and over 45 million clients worldwide. Present in twenty African countries, as well as the UK, the US, France, and the UAE, the bank positions itself as a leader in financial inclusion. Through cutting-edge technologies, UBA provides a variety of services ranging from bank accounts to loans, catering to individuals, businesses, and institutions.
UBA’s initiative in France comes at a time when the world is increasingly aware of Africa’s importance in the global economy. The bank strives to meet the needs of a rapidly changing market, where the demand for efficient and accessible financial services continues to grow. By establishing itself in France, UBA aims to enhance its ability to serve a diverse clientele while contributing to economic development and financial inclusion on the African continent.
In conclusion, the launch of UBA’s operations in France is a promising development that could transform the banking landscape in Africa and beyond. This strategic partnership with the French government is a crucial step for UBA as it continues to build a strong and dynamic network capable of supporting Africa’s economic ambitions on the global stage.
Sorelle Ninguem
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