Thursday, July 29, 2021

UBA America to facilitate investment, development Capital, trade Between North America and Africa, SAYS CEO

UBA America, the United States’ subsidiary of Pan African financial
institution, United Bank for Africa (UBA) Plc, has pledged its
continuous commitment to facilitate trade and investment between North
America and the African continent.

Speaking on Thursday from the Bank’s office in New York, the Chief
Executive Officer, UBA America, Ms. Sola Yomi-Ajayi, disclosed that the
bank’s major focus and strategy is to enable the flow of development
capital, in line with its commitment to supporting companies achieve
their aims of international trade between both continents.

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 specifically on the subsidiaries’ activities and how UBA
America has worked to solidify ease of operations of businesses,
multinationals and parastatals in diaspora, Yomi-Ajayi explained that
the bank ramped up its services and invested in necessary technology
needed to propel business growth of these organisations.

She said, “At UBA America, we 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.

“Overtime, 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,”
Yomi-Ajayi said.

With its specific focus on being an enabler of international development
organisations, she noted that UBA and indeed UBA America 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.

Continuing, she said, “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.

It is no wonder therefore that UBA America’s CEO, Yomi-Ajayi who has
headed the bank’s United States operations for several years, was
appointed alongside 10 other members into the of United States
Export-Import Bank (US EXIM) Sub-Saharan Africa Advisory Committee.
Among other activities, the committee is expected to advise the EXIM
Board on the development and implementation of policies and programmes
designed to promote its’s activities in sub-Saharan Africa.

United Bank for Africa Plc is a leading Pan-African financial
institution, offering banking services to more than twenty-one million
customers, across over 1,000 business offices and customer touch points,
in 20 African countries. With presence in the United States of America,
the United Kingdom and France, UBA is connecting people and businesses
across Africa through retail; commercial and corporate banking;
innovative cross-border payments and remittances; trade finance and
ancillary banking services”

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