UBA to Facilitate Trade, Investment Between America, Africa
By Ahmed Rahma
In line with its commitment to supporting companies achieve their aims of international trade, the United States subsidiary of pan African financial institution, United Bank for Africa (UBA) Plc, UBA America, has disclosed that its major focus and strategy is to enable the flow of development capital, facilitate trade and investment in North America and Africa.
UBA America is the only sub-Saharan African bank licensed to operate a bank in the United States of America (USA) and armed with the fact that its parent company, UBA Group, has operations in over 19 African countries and major financial capitals, continuously hinging on its pan-African strength and global connectivity to support African and international businesses.
Speaking on Thursday from the bank’s office in New York, the Chief Executive Officer of UBA America, Ms Sola Yomi-Ajayi, stated that the lender ramped up its services and invested in the necessary technology needed to propel the business growth of these organisations.
She was speaking on the subsidiaries’ activities and how UBA America has worked to solidify ease of operations of businesses, multinationals and parastatals in the diaspora.
According to her, at UBA America, they deliver treasury, trade finance, and correspondent banking solutions to a broad range of customers, including sovereign and central banks; corporates, financial institutions, foundations and multilateral and development organisations.
“Over time, we have leveraged our knowledge, capacity, and unique position as part of the international banking group – UBA Plc – as we seek to provide exceptional value to our customers around the world,” Ms Yomi-Ajayi said.
She noted that UBA has been working with corporate entities, financial institutions and development organisations on the continent, across the bank’s footprints, leveraging digital banking solutions to meet their needs.
“Our focus viz-a-viz our presence in the US is to support American institutions that are operating in Africa. We work with these institutions to achieve their corporate goals on the continent, through the provision of innovative Trade, payments, correspondent banking and treasury solutions,” she further said.