UBA Plc office| File Image
By Valentine Amanze
Africa’s global bank, United Bank for Africa (UBA) Plc, has to reinforced its role in shaping the continent’s financial ecosystem with the launch of its landmark whitepaper.
The whitepaper, titled, “Banking on Africa’s Future: Unlocking Capital and Partnerships for Sustainable Growth,” was unveiled on the sidelines of the World Bank-International Monetary Fund (IMF) Annual Meetings in October 2025 in Washington, D.C., placing Africa’s economic agenda at the heart of global financial discussions.
The document presented a comprehensive and actionable framework for unlocking Africa’s vast economic potential, providing analysis of critical growth pillars including trade facilitation, infrastructure development, digital innovation, climate finance, and inclusive growth, while showcasing strategies for leveraging domestic capital alongside strategic global partnerships to access the continent’s $3.4 trillion single market potential under the African Continental Free Trade Area (AfCFTA).
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UBA’s Group Chairman, Tony Elumelu, who emphasised the strategic importance of this whitepaper, explained that over the past few years, the bank has become an active leader in conversations and activities that drive tangible investments to the continent.
“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.
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