Why UBA Is Investing In Future Of Africa – Tony Elumelu
African business leader and Chairman of United Bank for Africa, Tony Elumelu has revealed reasons the financial institution reputed as Africa’s Global bank, is Investing In the future of Africa.
Mr Elumelu disclosed this on Sunday, February 16, 2025 after his engagement at the just concluded African Union Summit In Addis Ababa, Ethiopia.
African Union Summit, with President Bola Tinubu in attendance alongside other African leaders, was held from 14th January 2025 to 16th February 2025.
“Our commitment at UBA Group goes beyond banking—we invest in the future of Africa, ensuring that businesses, communities, and nations thrive, Tony Elumelu said.
His comments came after he announced a donation of USD$0.5million by UBA Group in support of the African Union Peace Fund.
The African Union Peace Fund plays an all important role in conflict resolution, mediation, and bringing about a stable future for Africa.
“I spent 24 hours in Ethiopia this weekend. Peace and security are the bedrock of Africa’s economic transformation.
“Africa’s Global Bank, UBA Group is proud to support the African Union Peace Fund with USD$0.5million—because without peace, there can be no progress” his post on the development partly read.
“UBA Group has always stood for Africa’s progress. Whether through our $14m COVID-19 response or today’s support for the AU Peace Fund, our mission remains clear: uplift lives, empower businesses, and drive sustainable development,” The proponent of Africapitalism philosophy further commented.
